11 Aug 2025

Warehousing rentals in the Delhi-NCR region fell by 10% in the first half of 2025, reaching INR 21 per sq ft monthly, according to Vestian. This decline was largely due to a significant portion of leasing around 60% happening at below-average rental rates. While rental values stayed largely steady across India's top seven cities, Pune witnessed a 13% hike, leading the pack at INR 31 per sq ft per month. Meanwhile, investments in warehousing assets across the country saw a dramatic 98% annual dip, totaling only USD 32 million during the same period.Read more

11 Aug 2025

The Reserve Bank of India recently released a draft circular proposing stricter timelines and penalties for banks that delay settling claims related to the accounts, lockers, or safe custody articles of deceased customers. The central bank suggested that banks must release funds to nominees without demanding succession certificates or court orders, provided there's no dispute and only basic documents are submitted. Delays would attract penalties interest at bank rate plus 4% for deposits, and INR 5,000 per day for lockers. Even non-nominee claims can be processed internally up to INR 15 lakh. Feedback on the draft is being invited before final guidelines are issued.Read more

11 Aug 2025

AU Small Finance Bank has received in-principle approval from the Reserve Bank of India to transition into a universal bank, making it the first small finance bank in nearly ten years to achieve this regulatory milestone. The approval was granted under the RBI's "on-tap" licensing framework after AU met all eligibility conditions, including financial soundness, governance standards, and operational performance. The move allows the bank to broaden its range of services and establish subsidiaries. Following the announcement, the bank's stock surged over 7%, reflecting positive investor sentiment.Read more

10 Aug 2025

Schneider Electric Infrastructure saw its net profit slide by nearly 15% to INR 41.24 crore in the first quarter of the financial year, down from INR 48.48 crore in the same period last year. This drop in profit came despite an increase in total revenue, which rose to INR 625.93 crore from INR 595.51 crore. A significant rise in total expenses, climbing to INR 570.04 crore from INR 530.20 crore, weighed heavily on the bottom line. The results were disclosed through a regulatory filing made earlier this week.Read more

09 Aug 2025

The Trump Organization has earned close to INR 175 crore from seven luxury real estate projects in India through licensing deals with developers in cities like Mumbai, Pune, Kolkata, and Gurugram. The earnings were generated without any investment or construction responsibility. The company's revenue came mainly from brand licensing and development fees. Its partnership with Tribeca Developers has helped expand the Trump brand's footprint in India to about 11 million sq. ft., making the country the largest market for the brand outside the US.Read more

09 Aug 2025

The municipal corporation in Ranchi has initiated a land demarcation and survey campaign aimed at tackling unauthorised encroachments on its properties. The commissioner stated that this move follows recent findings through drone surveillance, which uncovered multiple cases of illegal occupation on civic land. Officials explained that the purpose of this exercise is to identify unutilised plots, reclaim encroached land, and use some of these areas for civic infrastructure such as parks, toilets, and community spaces. Signage and fencing will be introduced to prevent further unauthorised usage.Read more

08 Aug 2025

In the past week, a major property tax scam was uncovered in Ahmedabad, affecting more than 1,000 citizens mainly in the city's West Zone. A group of agents allegedly collected cash from property owners over several years, tampered with official records using an AMC employee's login, and falsely cleared dues in the system. As a result, several residents are now receiving backdated bills, some as high as INR 1.59 lakh. The scam is estimated to have caused losses between INR 1.5 crore and INR 2 crore. AMC has not yet taken action against any employees involved or confirmed how much of the fraudulent amount has been recovered.Read more

08 Aug 2025

Kalpataru Projects International recorded a nearly three-fold rise in its consolidated net profit for the quarter ending June 2025, driven by a significant increase in revenues. The company posted a net profit of INR 213.59 crore, up from INR 83.95 crore during the same quarter last year. Total income also jumped to INR 6,187.52 crore from INR 4,608.5 crore year-on-year. In addition, the board approved an extension of the validity for a corporate guarantee in favour of its 65% subsidiary, Kalpataru IBN Omairah Company Ltd, not exceeding USD 65 million, up to mid-2026.Read more

08 Aug 2025

JSW Cement raised INR 1,080 crore from 52 anchor investors by allotting 7.34 crore shares at the upper end of the price band before its IPO opened. The INR 3,600 crore issue includes a fresh issue of INR 1,600 crore and an offer for sale of INR 2,000 crore. The company plans to use the proceeds for its new Rajasthan plant and to reduce debt. Despite posting a loss in the last fiscal year, the IPO has drawn strong institutional interest, supported by JSW Cement's expansion and sustainability focus.Read more

08 Aug 2025

The Pimpri Chinchwad Municipal Corporation (PCMC) has approved a significant 50% waiver on the general tax component of property tax bills for residents and industrial units located in designated 'red zones.' This decision, set to take effect from the financial year 2026-2027, is a compensatory measure for the civic body's inability to provide adequate facilities and services to these areas. The waiver applies to over 43,000 properties but has faced criticism from housing societies who argue it may encourage unauthorized construction.Read more