07 Jul 2026

Cube Highways Trust is preparing to launch an initial public offering (IPO) worth around INR 5,000 crore later this month, according to people familiar with the matter. The proposed issue will comprise entirely an offer-for-sale (OFS), aimed at broadening the InvIT's investor base and improving trading liquidity. As of March 31, 2026, the infrastructure investment trust owned 27 operational highway assets covering 8,754 lane kilometres across 12 states and one Union Territory. During FY26, the trust completed nine acquisitions, increased its assets under management to INR 36,842 crore, declared distributions of INR 1,851 crore and signed commitment letters for four additional highway projects.Read more

07 Jul 2026

The Andhra Pradesh government has built an investment pipeline of more than 275 industrial projects across the Rayalaseema region, with proposed investments exceeding INR 4.58 lakh crore and the potential to generate over 3.57 lakh employment opportunities, according to government sources. The pipeline includes 172 projects approved by the State Investment Promotion Board (SIPB) and 103 investment proposals signed during the CII Partnership Summit. The investments span sectors including steel, electronics, semiconductors, renewable energy, defence, aerospace, automotive, footwear and food processing, with districts across Rayalaseema being developed as specialised manufacturing clusters supported by industrial infrastructure, logistics, connectivity and workforce development initiatives.Read more

07 Jul 2026

Prestige Estates Projects Ltd plans to invest between INR 14,000 crore and INR 15,000 crore in construction activities during FY27, with expenditure directed towards residential and commercial developments across South India, the Mumbai Metropolitan Region and Delhi-NCR. The Bengaluru-based developer intends to allocate the majority of the capital towards housing projects, while continuing work on office and retail developments. The planned investment follows a record FY26 in which the company achieved sales bookings of INR 30,024 crore. Prestige is also targeting annual pre-sales of up to INR 36,000 crore this financial year, supported by a project launch pipeline valued at around INR 58,000 crore, subject to regulatory approvals.Read more

07 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) collected a record INR 434.02 crore in property tax during the first quarter of FY2026–27, marking a significant increase from INR 372.42 crore collected during the corresponding period last year. The collection, recorded between April 1 and June 30, was driven by technology-enabled administration, expanded digital payment options and targeted recovery from long-standing defaulters. A total of 1,43,329 property owners paid their dues, with digital payments accounting for more than 72% of the total collections. Industrial properties contributed the highest share of revenue, while Ghansoli emerged as the top-performing administrative division in terms of tax collections.Read more

07 Jul 2026

Laser Power & Infra Ltd (LPIL) has fixed a price band of INR 203–214 per share for its INR 742 crore initial public offering (IPO), which will open for subscription on July 9 and close on July 13, with the anchor investor portion scheduled to open a day earlier. The Kolkata-based power transmission products manufacturer aims to raise INR 542 crore through a fresh issue, while promoters will divest shares worth INR 200 crore through an offer for sale (OFS). The proceeds from the fresh issue will be used primarily to reduce outstanding debt. As of March 31, 2026, the company had an order book of INR 3,243 crore and reported revenue of INR 2,326 crore for FY26.Read more

07 Jul 2026

Nukleus Office Solutions Limited has expanded its presence in the National Capital Region with the launch of a new business centre at Okaya Centre in Noida's Sector 62. Spread across approximately 75,000 sq ft, the facility has been developed to cater to startups, small and medium enterprises (SMEs), and large corporates seeking flexible and managed office spaces. The expansion comes amid growing demand for professionally managed workplaces offering operational flexibility and enterprise-grade infrastructure. Located in one of Noida's established commercial districts, the business centre benefits from strong connectivity to Delhi, Greater Noida and Ghaziabad, reinforcing the company's strategy of expanding across key office markets in the NCR.Read more

07 Jul 2026

JioBlackRock Asset Management plans to offer a complete range of mutual fund products within three years as it expands into specialised investment funds (SIFs), exchange-traded funds (ETFs) and offshore products through GIFT City. The joint venture between Jio Financial Services and BlackRock has shortlisted 10 outbound products for regulatory approval while preparing to launch additional SIFs and its first ETFs, broadening investment options for Indian investors and strengthening GIFT City's financial ecosystem.Read more

07 Jul 2026

Nisus Finance has invested in Bengaluru-based Sumukha Housing to support the development and execution of multiple residential projects in the city. The partnership will provide strategic growth capital, enabling Sumukha Housing to scale project execution while maintaining its delivery standards and customer-centric approach. The investment focuses on demand-driven residential micro-markets backed by end-user demand, healthy cash flow visibility and balanced risk-return characteristics. The transaction aligns with Nisus Finance's strategy of expanding its domestic real estate portfolio through selective investments in high-growth residential markets.Read more

07 Jul 2026

Indian Railways has sanctioned an INR 274 crore project to modernise signalling infrastructure across 20 locations in the Malda Division of Eastern Railway. The project will replace ageing relay-based interlocking systems with advanced Electronic Interlocking technology at 18 stations and two Intermediate Block Signalling locations. The upgrade is expected to improve safety, operational reliability, punctuality and maintenance efficiency on one of Eastern Railway's busiest corridors. The initiative also prepares the network for future technologies, including Kavach and other advanced signalling systems.Read more

06 Jul 2026

Max Estates Ltd reported a sharp rise in sales bookings during the first quarter of FY27, driven by robust demand for its residential projects across Delhi-NCR. The company achieved sales bookings of INR 1,100 crore, nearly five times higher than the corresponding period last year. The growth was supported by strong buyer response to newly launched and under-construction projects, including a new development in Gurugram. The developer also plans multiple project launches and land acquisitions during the current financial year as it looks to expand its residential portfolio.Read more