04 Nov 2025

The Municipal Corporation of Gurugram (MCG) has intensified its property tax recovery drive, sealing a multi-storey residential building in Jharsa after owners ignored repeated notices over dues worth INR 67 lakh. Despite multiple reminders and legal actions, the owners failed to comply, prompting enforcement under MCG's taxation powers. During a ULB review meeting, officials reported that MCG has collected over INR 261 crore so far, sealing 17 major properties for large-scale defaults, with more under legal process. The MCG commissioner urged residents to pay taxes on time, noting that compliance supports civic projects and public welfare. The drive will continue, with stricter measures for persistent defaulters.Read more

04 Nov 2025

Developer The Phoenix Mills Ltd reported a consolidated net profit of INR 303.99 crore in the recent quarter, up 39 % from INR 218.09 crore a year earlier. Total income rose to INR 1,146.21 crore from INR 955.06 crore in the same quarter of the previous year. The firm, which specialises in retail-led mixed-use developments spanning malls, offices, hospitality and residences, benefited from stronger leasing and consumption trends. The result reflects momentum in its business model amid improving real-estate demand.Read more

04 Nov 2025

GHV Infra Projects Limited announced its unaudited financial results for the quarter and half-year ending September 2025, showcasing remarkable operational and financial progress. The company recorded a sharp rise in revenue, operating profit, and profit after tax, with its order book strengthening considerably. Key corporate actions included a bonus share issue, equity subdivision, and a new UAE subsidiary formation, marking strategic expansion plans beyond India.Read more

04 Nov 2025

Urban Company’s shares declined sharply after the company reported a wider loss in its first quarterly results since listing. Despite a strong increase in transaction value from its domestic consumer services, profits fell significantly due to losses from its newly launched “Insta Help” vertical, which allows users to book domestic workers within minutes. The company has said that continued investment in this business will keep affecting its profits in the coming quarters. Analysts have expressed concerns about the unclear path to profitability.Read more

04 Nov 2025

The engineering firm Texmaco Rail & Engineering secured two infrastructure contracts totalling around INR 78 crore. One order of INR 44.61 crore comes from Maharashtra Metro Rail Corporation for the PCMC-Nigdi elevated extension of the Pune Metro, covering design, supply, installation, testing and commissioning of a 25 kV flexible overhead catenary system, 33 kV auxiliary sub-station and SCADA systems, to be completed in 110 weeks. The other order of INR 33.89 crore is from Central Railway for the Ahmadnagar-Beed-Parli new broad gauge line involving a 132 kV/55 kV Scott connected transformer system, to be completed in 12 months. These wins build upon Texmaco's long track record in rail electrification and infrastructure.Read more

04 Nov 2025

The infrastructure investment trust IRB InvIT Fund is set to launch its first bond offering, aiming to raise a total of INR 11.50 billion (approximately USD 130.84 million). The issue will consist of three tranches: INR 5.75 billion for five-year maturity at a 7.35% coupon, INR 3 billion for ten years at 7.40%, and INR 2.75 billion for 15 years (with staggered redemptions from 2036) at the same 7.40% rate. Coupons are payable quarterly, and a put/call option is included for the 15-year bond after ten years. The trust has invited bids from bankers and investors on the coming bidding date, and the offering carries a "AAA" rating from India Ratings & Research.Read more

03 Nov 2025

Kalpataru Projects International Limited (KPIL) recorded an 89% year-on-year increase in its consolidated net profit to INR 237.39 crore for the quarter ended September 2024, supported by a sharp rise in revenue. The company's total income reached INR 6,551.96 crore, up from INR 4,946.98 crore during the same period last year. The growth reflects improved project execution and a steady pipeline across infrastructure and power transmission segments.Read more

03 Nov 2025

DLF Ltd reported a sharp rise in sales bookings to INR 15,757 crore for the April-September 2025 period, more than doubling from INR 7,094 crore a year earlier, driven by strong demand for premium and luxury housing in Gurugram and Mumbai. For FY26, DLF has maintained a sales target of INR 20,000-22,000 crore, reflecting its confidence in continued market strength. The developer's Q2 net profit stood at INR 1,180.09 crore, down 15% year-on-year, while revenue fell to INR 1,643.04 crore. New bookings during the quarter surged to INR 4,332 crore, led by the Westpark project in Mumbai. With a robust land bank and brand equity, DLF remains optimistic about sustained housing demand.Read more

03 Nov 2025

Cochin Shipyard Ltd (CSL) announced plans to raise around INR 6,000 crore over the next five to six years to support its capital-expenditure programme. The company said it will fund this through a mix of government-assisted schemes, multilateral loans from East-Asian agencies, issuance of blue bonds and internal accruals. CSL indicated it plans to use the enhanced Shipbuilding Financial Assistance policy (which offers 20-25 % incentives) and is already exploring a greenfield shipyard conceptualised at USD 2-3 billion. Defence contracts currently make up roughly two-thirds of its order book.Read more

03 Nov 2025

The Syama Prasad Mookerjee Port (SMPK) in Kolkata has announced investment commitments worth more than INR 48,000 crore through multiple agreements signed during India Maritime Week 2025. These partnerships involve major companies such as Haldia Petrochemicals Ltd, Dredging Corporation of India Ltd, Adani Ports, JSW Infrastructure, Srijan Realty and HUDCO. The agreements cover areas like dredging, terminal development, petroleum infrastructure, real-estate projects, and logistics connectivity. This development aligns with SMPK's goal of expanding its port capacity and integrating industrial and real-estate growth across the eastern region.Read more