14 Oct 2025

Truhome Finance has secured a capital infusion of INR 417 crore from its majority shareholder, Warburg Pincus, to strengthen its balance sheet and support expansion plans. Since Warburg acquired the company in December 2024, Truhome has doubled its assets under management from INR 10,000 crore to INR 20,000 crore. With 200 branches and nearly 5,000 employees, the company is focused on sustainable growth and financial discipline. The investment reflects continued investor confidence in Truhome's strategy and operational capabilities.Read more

13 Oct 2025

Bengaluru-based Puravankara Ltd reported a 4 % increase in quarterly sales bookings to INR 1,322 crore, driven by stronger demand for residential properties. Pre-sales during the first half of the fiscal grew to INR 2,445 crore from INR 2,349 crore a year earlier. Sales volumes were 1.50 million sq ft in Q2 and 2.75 million sq ft in H1, with average realisations rising to INR 8,814 per sq ft in Q2 and INR 8,891 per sq ft in H1. The company has completed 92 projects, holds 30 million sq ft of land, and has 35.75 million sq ft under ongoing development.Read more

13 Oct 2025

Lodha Developers Ltd reported a 7% rise in sales bookings during the second quarter of the current fiscal, reaching INR 4,570 crore, supported by sustained housing demand. The developer stated that despite limited new launches, sales performance remained strong. With the Supreme Court recently clearing the Environmental Clearance (EC) process, the company plans to ramp up launches in the second half and aims to meet its annual pre-sales target of INR 21,000 crore.Read more

13 Oct 2025

Jio Payments Bank has won a contract to implement the FASTag ANPR-based MLFF toll system at two plazas on the Gurugram-Jaipur highway. This marks JPBL's entry into next-generation electronic tolling, allowing vehicles to pass without stopping. Awarded through a tender by IHMCL as part of India's pilot MLFF project, JPBL has secured two of five bids so far. Building on its existing FASTag operations at 11 plazas, the bank is set to strengthen its role in India's digital payments ecosystem linked to infrastructure modernization and improved vehicle mobility.Read more

13 Oct 2025

Niti Aayog has proposed a modern tax framework based on trust, transparency, and voluntary compliance to align with India's Viksit Bharat@2047 vision. In its working paper "Towards India's Tax Transformation: Decriminalisation and Trust-Based Governance," the Aayog suggested reforming criminal provisions under the Income-tax Act, 2025, to ensure punishments match the seriousness of offences. It emphasised reducing harsh penalties for minor violations and ensuring greater judicial discretion. The paper also supported ongoing initiatives such as Transparent Taxation and the Jan Vishwas Act to make compliance simpler and more efficient.Read more

13 Oct 2025

Avaada Group plans to invest INR 36,000 crore in Gujarat, focusing on solar, wind, and Battery Energy Storage System (BESS) projects. The projects, scheduled to start between 2027 and 2030, include 5 GW of solar, 1 GW of wind, and 5 GWh of battery storage across Kutch, Banaskantha, and Surendranagar districts. The initiative is expected to create over 3,000 direct and indirect green jobs and provide employment to nearly 5,000 workers during construction. The investment reflects Avaada's commitment to India's renewable energy transition and Gujarat's goal of becoming a clean energy hub.Read more

12 Oct 2025

The Tamil Nadu government has approved INR 1.2 crore for the development of road, water, and drainage infrastructure at the Thiruverumbur SIPCOT Industrial Park near Trichy Semi-Ring Road. Spread across 125 acres in Elandapatti and Suriyur villages, it will be Trichy's second major industrial estate after Manapparai SIPCOT. The state plans to allocate the park to a prominent electronics manufacturer, with support from Guidance Tamil Nadu. Proximity to Trichy International Airport is expected to boost land values, while infrastructure development will enhance investment and create employment in the region.Read more

12 Oct 2025

Sify Infinit Spaces Ltd., a subsidiary of Sify Technologies Ltd., is planning a USD 500 million IPO, potentially becoming India's first listed data centre operator. The offering will include fresh issuance and sale by existing shareholders, managed by top financial institutions. India's data centre market is expected to more than double in the next three years, requiring INR 90,000 crore (USD 10.1 billion) in investments, driven by growing digital usage, AI adoption, and data localisation rules. Sify Infinit operates 14 sites across six cities and is backed by Kotak Private Equity.Read more

12 Oct 2025

The Uttarakhand government has increased property circle rates across the state, with hikes ranging from 9% to 22% and an average rise of about 15%. This revision, the first in two years, reflects rising construction activity and higher land demand. Dehradun's Rajpur Road continues to be the priciest locality, while Thano Road recorded the steepest increase. The move is expected to make residential and commercial properties costlier and boost government revenue from property registrations, aligning property values with current market trends.Read more

12 Oct 2025

Lodha Developers reported a 7% year-on-year increase in pre-sales, reaching INR 4,570 crore for the July-September quarter, reflecting strong market demand. Collections rose 13% to INR 3,480 crore, showing robust cash flow. For the first half of the financial year, pre-sales reached INR 9,020 crore, up 8%, while collections increased 10% to INR 6,360 crore. The company added a new project in the Mumbai Metropolitan Region valued at INR 2,300 crore, helping it achieve its full-year guidance of INR 25,000 crore ahead of schedule. Net debt remained at INR 5,370 crore.Read more