20 Oct 2025

Strata completed its exit from its Express Zone office in Goregaon East, Mumbai, for INR 40 crore, having originally purchased it for INR 33.6 crore. Over the holding period, investors earned rental returns of INR 12.9 crore. The deal is reported to have generated an internal rate of return (IRR) of 13 % alongside approximately 20 % capital appreciation. The property was fractionally held among 120 investors, and the lease completion allowed a successful handover and sale to a financial buyer.Read more

19 Oct 2025

Ashok Leyland announced earlier this week that it has secured an order from Tamil Nadu State Transport Undertakings (TNSTU) for nearly two thousand buses. The company, which has already supplied over twenty-one thousand buses to TNSTU, stated that the new order will include a mix of fully built and chassis configurations catering to town, mofussil, and SETC operations. Each bus will be built on the latest AIS 153-compliant chassis platform, adhering to updated Indian safety and performance norms.Read more

19 Oct 2025

Realty firm Anant Raj Ltd raised INR 1,100 crore through the sale of equity shares to institutional investors via a Qualified Institutional Placement (QIP) that closed earlier this week. The company's Finance and Investment Committee approved the allotment of over 1.66 crore shares at INR 662 each to prominent investors such as Societe Generale ODI, BNP Paribas Financial Markets, Morgan Stanley Asia Singapore, Jupiter India Fund, and Kotak Mahindra Life Insurance. The move was part of the company's capital-raising initiative to strengthen its financial position.Read more

18 Oct 2025

Adani Group achieved a ROA of 16.5 percent in the last financial year, reflecting strong profitability and effective use of capital. With a net debt-to-EBITDA ratio of 2.6x, the Group plans to self-fund a substantial portion of its USD 100 billion five-year capex, enhancing financial independence. Targeting a 20 percent share of India's USD 500 billion electricity sector opportunity by 2032, the company is implementing a 'Two-Track Organization' model that merges AI precision with human oversight. Finance transformation initiatives strengthen governance, efficiency, and long-term growth strategy.Read more

18 Oct 2025

Mumbai-based real estate developer Kalpataru Ltd reported an improvement in its sales bookings, reflecting sustained housing demand in the current fiscal. The company achieved a 19% rise in pre-sales during the second quarter, amounting to INR 1,329 crore, compared with INR 1,117 crore during the same period last year. For the first half of the fiscal year, overall bookings increased 43% to INR 2,577 crore from INR 1,799 crore in the corresponding period of the previous year.Read more

18 Oct 2025

The CBIC has clarified that businesses with head offices in one State and warehouses in another must obtain GST registration for each location. Warehouses, including those run by third parties, are considered distinct places of business, and movement of goods from the principal office to these warehouses is treated as taxable supply. Goods supplied within the same State attract CGST/SGST, while inter-State movement attracts IGST. The decision increases compliance obligations, requiring separate registrations, invoicing, and return filings, ensuring businesses operating in multiple States adhere to GST regulations.Read more

17 Oct 2025

Jakson Green and Blueleaf Energy have finalized the financial closure for their 840 MWp solar projects in Bikaner, Rajasthan, completing funding for the 1 GWp Rajasthan Solar Portfolio. The portfolio includes 280 MWp and 560 MWp ground-mounted plants, backed by 25-year power purchase agreements with SECI and NHPC. Funded through Axis Bank, the projects are ready to start construction and will join the ongoing 140 MWp Bhawad Solar Project. Once operational, the Bikaner plants are expected to supply electricity to over 1.5 million households, supporting India's renewable energy goals and the partners' target of adding more than 5 GW to the grid by 2030.Read more

17 Oct 2025

One Prastha Realty has raised INR 80 crore from Capri Global to finance its 57-acre integrated township in Sonipat, Haryana. Building on its earlier 8.5-acre residential project, the company plans to develop villas and residential plots across the new township. The founders emphasized that the funds are strategic growth capital aimed at ensuring timely project delivery, expanding the township, and acquiring more land. The investment will be directed towards infrastructure development, community spaces, and residential plots, catering to rising demand in Sonipat due to improved connectivity and local infrastructure growth.Read more

17 Oct 2025

Earlier this week, Arnya Real Estate Fund Advisors announced a deployment of INR 415 crore in residential projects across Bengaluru and Navi Mumbai. Its assets under management have topped INR 675 crore, and full capital deployment is projected to cross INR 1,200 crore by March next year. The firm has also initiated a residential equity fund via a platform tie-up, targeting a corpus of INR 1,000 crore. These moves emphasise its growing role in backing housing developments across major Indian metros.Read more

17 Oct 2025

The Goa government has decided to identify central government schemes that offer 100% central financial assistance to accelerate infrastructure development across key sectors such as agriculture, education, healthcare, transport, and water supply. The state plans to appoint consultants to identify and secure these funds, assisting departments in preparing proposals as per the guidelines of the Government of India. This initiative aims to maintain the pace of infrastructure creation and support the state's vision of becoming the first developed state in India.Read more