05 Jul 2026

Jindal Stainless has appointed Kunjal Mehta as its Chief Financial Officer (CFO), effective June 25, 2026, following approval from the company's Board. Mehta succeeds to the role after serving as CFO of Adani Energy Solutions and brings more than 25 years of experience across the steel, power, ports, logistics and technology sectors. He will oversee the company's finance function, including treasury, capital management, financial planning, investor relations, risk management and strategic growth initiatives. The appointment comes as Jindal Stainless continues to expand its operations and strengthen its financial management framework to support long-term growth and capital allocation.Read more

05 Jul 2026

National Insurance Awareness Day has renewed focus on India's low insurance penetration, with industry stakeholders calling for greater public awareness and wider adoption of insurance products. IFFCO-TOKIO General Insurance Company Ltd said insurance remains underutilised despite relatively affordable premiums and continued efforts by insurers, regulators and financial institutions to improve coverage. According to the company, only around 15% of losses in India are currently covered by insurance, while more than half of the country's vehicles remain uninsured. Industry experts believe improving insurance awareness is essential to strengthening household financial resilience amid rising healthcare costs, climate-related risks and economic uncertainties.Read more

05 Jul 2026

Rane (Madras) Limited (RML) has signed an agreement to acquire the friction business of Hindustan Composites Limited (HCL) for an enterprise value of INR 370 crore through a slump sale. The acquisition includes the COMPO brand, two manufacturing facilities in Maharashtra and an established nationwide distribution network. The acquired business reported revenue of INR 315.04 crore and profit before tax (PBT) of INR 40.29 crore in FY26. Upon completion, RML expects to create a friction materials business with annual revenue exceeding INR 1,000 crore, strengthening its presence across automotive, railway, industrial and aftermarket segments. The transaction remains subject to regulatory approvals and is expected to close by the end of the second quarter.Read more

05 Jul 2026

The National Capital Region's proposed Namo Cities represent a shift in urban planning, placing high-capacity transit infrastructure at the centre of future development. Planned under Regional Plan 2041 as mixed-use, transit-oriented urban centres around Namo Bharat stations, the initiative aims to accommodate a rapidly expanding population while promoting balanced regional growth. Backed by a Central allocation of INR 5,000 crore and informed by the real estate gains witnessed along the Delhi–Meerut RRTS corridor, the proposal reflects a broader strategy to steer housing, employment and investment towards well-connected locations. Its long-term success, however, will depend on timely execution, supporting infrastructure and sustained economic activity.Read more

04 Jul 2026

AISIN Automotive Haryana Private Limited, the Indian arm of Japan's AISIN Corporation, has leased more than 9 lakh sq. ft. of built-up space at Inspira Realty's Inspira City industrial and warehousing park in Shendra MIDC, Chhatrapati Sambhaji Nagar. Alongside the lease transaction, the company has registered land within the 232-acre industrial park to support its long-term expansion in India. The deal represents the second-largest transaction completed at Inspira City and adds another Japanese manufacturer to the development. The facility will become AISIN's third manufacturing plant in India, strengthening its domestic production network while reinforcing Inspira City's position as a preferred destination for automotive and advanced manufacturing investments.Read more

04 Jul 2026

Chennai-based real estate developer Navin's presented its growth strategy for FY2026–27 during its Channel Partner Meet 2026, held in Chennai on 25 June. The event brought together the company's channel partners to discuss business priorities, market opportunities and future expansion plans. Senior executives outlined the company's long-term vision, land acquisition strategy, current project inventory and channel partner incentive programmes. The meeting also served as a platform to recognise channel associates and reinforce collaboration as Navin's prepares to expand its residential development portfolio in the coming financial year.Read more

04 Jul 2026

HiLITE Group has announced plans to invest INR 25,000 crore over the next five years to develop 50 million sq ft of real estate across Kerala, covering retail, information technology, healthcare, education, residential and commercial projects. The expansion will focus on Tier 2 and Tier 3 cities through new HiLITE Centre and HiLITE Countryside developments while also advancing major mixed-use, business park and educational projects. The developer's pipeline includes India's largest World Trade Centre project in Kozhikode, new retail destinations, IT infrastructure, educational institutions and wellness facilities, as it seeks to expand organised retail and commercial infrastructure across emerging markets in the state.Read more

04 Jul 2026

A research report based on interviews with 61 prospective tenants across six major Indian cities has found widespread distrust of digital PG and co-living platforms, with every respondent insisting on visiting a property before making any payment. The study, published by InstaDwell Research, indicates that misleading photographs, questionable online reviews, hidden charges and restrictive rental practices are prompting many tenants to rely on personal networks rather than property platforms. The findings suggest that trust, rather than property discovery, has become the principal challenge in India's managed accommodation sector, with several prospective tenants ultimately choosing independent rental housing over PG accommodation after unsuccessful searches.Read more

04 Jul 2026

BatX Energies has secured INR 105 crore in a Series A funding round led by IvyCap Ventures, with participation from existing investors including Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office, and JITO. The company plans to use the fresh capital to expand its battery recycling and refining capacity, strengthen research and development, and build a domestic supply chain for critical battery materials. The funding will also support BatX Energies' plans to scale its operations beyond India while contributing to the country's growing circular economy.Read more

03 Jul 2026

Adani Ports and Special Economic Zone (APSEZ) has signed a definitive agreement to sell a 49% stake in Adani Vizhinjam Port Private Limited to Terminal Investment Limited (TiL), the port operating arm of MSC Group, for INR 13,220 crore (USD 1.397 billion). The transaction values the Kerala transhipment port at USD 2.85 billion and marks the largest foreign private investment in India's port infrastructure, while supporting the port's ongoing capacity expansion.Read more