30 Dec 2025

Delhi-NCR based real estate developer Gaurs Group has raised INR 440 crore through its first public issuance of non-convertible debentures, marking a significant milestone in its capital-raising strategy. The issue, fully subscribed by leading domestic mutual funds, highlights growing institutional confidence in the group's financial strength and execution capabilities. The funds will be deployed toward land acquisition, project construction, repayment of high-cost borrowings, and other corporate requirements. With a strong development track record across residential townships and large-format projects, the latest fundraise is expected to provide Gaurs Group greater financial flexibility to support expansion while maintaining a disciplined capital structure.Read more

30 Dec 2025

The Union Cabinet has approved Phase V(A) of the Delhi Metro expansion, clearing the addition of around 16 kilometres to the network at an estimated cost of INR 12,015 crore. The approval covers three new corridors with 13 stations, aimed at improving connectivity across key parts of Delhi, including links to central areas and major transport nodes. The project will be implemented by the Delhi Metro Rail Corporation with funding support from the central government, the Delhi government and external funding agencies. Once completed, the expansion will take the total operational length of the Delhi Metro beyond 400 kilometres, strengthening urban mobility in the National Capital Region.Read more

30 Dec 2025

The Assam cabinet approved a loan of INR 11,511 crore from NABARD to strengthen infrastructure across the state, focusing on roads, public services, and connectivity in Karbi Anglong, West Karbi Anglong, North Cachar Hills, and Tinsukia. Alongside the funding, the cabinet cleared amendments to the Assam Land and Revenue Regulation, enabling digital hearings and electronic submissions to improve transparency and reduce backlog. Settlements under Mission Basundhara schemes and changes to police promotion rules were also approved, supporting land security, merit-based advancement, and access to civic amenities.Read more

30 Dec 2025

National Asset Reconstruction Company Limited has submitted a bid of around INR 345 crore to acquire the stressed debt of the Kurukshetra Expressway project in Haryana. The total outstanding debt linked to the project is estimated at approximately INR 1,500 crore, and the bid represents a significant discount to the overall exposure. The expressway's concession agreement was terminated earlier following operational and financial challenges, leading lenders to initiate recovery proceedings. The proposed acquisition aligns with NARCL's mandate to resolve large non-performing infrastructure assets and support the clean-up of stressed loans in the banking system through asset reconstruction and recovery mechanisms.Read more

29 Dec 2025

The Lucknow Municipal Corporation has introduced a Property Tax Management System to improve accuracy and transparency in house tax assessment. The digital platform will create a building-wise database capturing verified details such as built-up area, property use and ownership. The system is aimed at identifying under-assessed properties, correcting classification errors and reducing manual intervention. Senior officials will be able to monitor tax calculations and collections in real time. The initiative forms part of wider efforts to strengthen municipal revenue and ensure uniform tax assessment across the city.Read more

29 Dec 2025

Manappuram Finance is set to raise up to INR 10 billion through a two-year bond issue, including a greenshoe option of INR 5 billion. The company has invited coupon and commitment bids, with the final rate to be decided through the bidding process scheduled later in the day. The proposed bonds are expected to be rated AA by Crisil. The fundraising reflects the company's continued use of debt markets to support its lending activities and maintain diversified funding sources.Read more

29 Dec 2025

Indian quick-commerce company Zepto has confidentially filed for an initial public offering, placing it among the most anticipated listings in India in 2025. Founded in 2021, Zepto operates in a fiercely competitive quick-commerce space, where companies are investing billions to expand dark stores and meet growing demand for 10-minute deliveries among urban consumers. The platform offers more than 45,000 products, spanning groceries, daily essentials, and electronics, and competes with Blinkit and Instamart. The IPO move comes as Indian capital markets gear up for record fundraising next year. Zepto was last valued at USD 7 billion after raising USD 450 million in October.Read more

29 Dec 2025

The Adani Group has completed around 33 acquisitions and strategic transactions worth nearly INR 80,000 crore since early 2023, reflecting continued expansion across its core businesses despite heightened scrutiny. The deals span multiple sectors, led by ports with transactions worth about INR 28,145 crore, followed by cement at around INR 24,710 crore and power at roughly INR 12,251 crore. A major highlight was the acquisition of Australia's North Queensland Export Terminal. The group has also invested in electricity transmission, data centres, roads and real estate. These completed transactions underline Adani's ongoing capital deployment across infrastructure-focused segments, excluding one proposed acquisition still under bankruptcy proceedings.Read more

29 Dec 2025

Embassy Office Parks REIT has completed the sale of around 3.76 lakh sq ft of office space across two strata-owned blocks in Embassy Manyata Business Park, Bengaluru, for INR 530 crore. The buyer is Rental Yield Plus (RYP), a commercial real estate fund managed by EAAA Alternatives, marking its third acquisition from the fund. The sale is part of Embassy REIT's capital recycling strategy aimed at improving portfolio efficiency and freeing capital for new investments. The transaction further strengthens RYP's presence in Greenheart Tech Park, a key hub for corporate tenants.Read more

29 Dec 2025

In the Union Budget 2026, the Indian government has prioritised road infrastructure by allocating INR 2.87 lakh crore to the Ministry of Road Transport and Highways, underscoring its role as a key driver of economic growth, logistics efficiency and employment generation. Roads and highways have consistently dominated capital expenditure trends, with allocations rising year-on-year to support construction, expansion and maintenance of national and state road networks. This substantial funding is expected to accelerate highway and rural road development, improve connectivity, reduce logistics costs, and support India's long-term infrastructure agenda, reinforcing public investment as a cornerstone of sustained economic growth and inclusive development.Read more