06 May 2026

Real estate consultancy firm Square Yards recorded a 48 per cent year-on-year increase in revenue to INR 2,086 crore in the last financial year, supported by higher brokerage income from property transactions and growth in its mortgage business. The Gurugram-based firm stated that India contributed 88 per cent of total revenue, with overseas operations accounting for the remainder. Gross profit rose to INR 476 crore, while adjusted EBITDA reached INR 176 crore. The company facilitated property sales worth INR 13,236 crore and enabled loan disbursals of INR 87,831 crore, with home loans forming a majority share. The performance reflects sustained expansion across brokerage, fintech, and ancillary services.Read more

06 May 2026

The Indian Institute of Insolvency Professionals of ICAI (IIIP-ICAI) has recommended a tiered allocation of insolvency cases based on debt size, suggesting that cases up to INR 100 crore be handled exclusively by individual insolvency professionals, while those exceeding INR 500 crore be assigned to insolvency professional entities. The proposals form part of a study aimed at addressing operational challenges within the Insolvency and Bankruptcy Code (IBC) ecosystem, including valuation complexities and stakeholder coordination issues. The report also suggests expanding the role of insolvency professionals into advisory and restructuring functions beyond IBC proceedings, alongside increasing the upper age limit for practitioners. The recommendations are intended to improve efficiency, specialisation and capacity within India’s insolvency resolution framework.Read more

06 May 2026

The Securities and Exchange Board of India (Sebi) has introduced a fast-track mechanism for processing placement memorandums (PPMs) of alternative investment funds (AIFs), allowing fund launches within 30 days of application filing. The revised framework applies to AIF schemes excluding large value funds for accredited investors and aims to streamline approval timelines that previously involved multiple review cycles. Under the new system, fund managers can proceed with scheme launches after 30 days unless otherwise advised, subject to incorporating regulatory observations. The move also places greater responsibility on merchant bankers and AIF managers for disclosure accuracy. Additionally, Sebi has mandated that schemes achieve first close within 12 months of eligibility, with the framework applicable to both new and pending applications.Read more

06 May 2026

ESAF Small Finance Bank reported a net profit of INR 24 crore for the March quarter of FY26, reversing a loss of INR 183 crore in the corresponding period a year earlier. The improvement was supported by growth in total income to INR 1,196 crore and a rise in operating profit to INR 241 crore. Interest income also increased during the quarter, reflecting lending activity. Asset quality showed improvement, with gross non-performing assets declining to 5.41% and net NPAs to 1.77%. Provisions were reduced compared to the previous year, contributing to profitability. The bank also strengthened its capital base by raising INR 150 crore through Tier II bonds, with its capital adequacy ratio improving to 22.2% at the end of the quarter.Read more

06 May 2026

Office leasing activity in Delhi-NCR declined significantly during the January–March quarter, with net absorption falling 60% year-on-year to 1.5 million sq ft, according to JLL India. Gross leasing also dropped 28% to 3 million sq ft, primarily due to reduced new supply, which declined to 1.39 million sq ft from 2.9 million sq ft a year earlier. Despite the subdued performance in the region, overall office leasing across seven major Indian cities rose, driven by demand from global capability centres. Delhi-NCR continues to attract major commercial developments, including a planned INR 7,500 crore project in Gurugram. While near-term activity remains constrained, long-term fundamentals of the NCR office market are expected to support recovery in leasing volumes over the coming quarters.Read more

06 May 2026

ACC Ltd reported a 68.27% year-on-year decline in consolidated net profit to INR 238.3 crore for the March quarter of FY26, even as it recorded its highest-ever quarterly revenue of INR 7,124.47 crore. The Adani Group cement firm attributed revenue growth to a higher share of premium products and improved trade sales, alongside record sales volumes of 11.9 million tonnes. Total expenses rose 22.7% during the quarter, impacting profitability. For the full financial year, net profit declined 11% to INR 2,137.23 crore, while total income increased to INR 26,363.8 crore. The company remains debt-free and continues to progress on its proposed merger with Ambuja Cements, expected to conclude by FY27. ACC indicated near-term demand may remain moderate amid macroeconomic and geopolitical factors, though long-term infrastructure demand remains supportive.Read more

06 May 2026

The National Financial Reporting Authority (NFRA) has reorganised its internal structure by creating four independent functional divisions—Monitoring & Oversight, Investigation, Determination, and Disciplinary—to enhance regulatory processes and ensure procedural neutrality. The move follows judicial scrutiny of NFRA’s enforcement framework, including a Delhi High Court ruling that upheld its statutory powers but raised concerns over procedural fairness in certain cases. The restructuring is positioned as an interim measure pending legislative changes under the proposed Corporate Law Amendment Bill, 2026, or the outcome of ongoing proceedings before the Supreme Court. The revised framework introduces a sequential and segregated process for handling cases, from preliminary assessment to final disciplinary action, with each division functioning independently to avoid overlap and improve transparency in decision-making.Read more

05 May 2026

India’s largest asset manager has reduced exposure to long-term government bonds and is shifting its debt portfolio towards shorter maturities amid expectations of persistent yield pressures. The firm believes liquidity conditions will support short-term papers, while inflation risks and global geopolitical tensions continue to keep longer-end yields elevated. A fund manager noted that 10-year bond yields are likely to remain above 7% over the next 6–12 months even if geopolitical tensions ease. Rising crude oil prices and inflation risks are also seen as key factors that may influence future rate actions and bond market direction.Read more

05 May 2026

Bagmane Prime Office REIT, backed by Blackstone, is planning to expand beyond Bengaluru into Chennai and Delhi as it prepares for its initial public offering (IPO) aimed at raising INR 3,405 crore. The REIT has projected a net operating income (NOI) of INR 2,675.8 crore for FY27, driven primarily by its Bengaluru office portfolio, including assets such as Bagmane Tech Park and Bagmane World Technology Centre. The IPO comprises a fresh issue of INR 2,390 crore and an offer-for-sale of up to INR 1,015 crore. While the current portfolio is concentrated in Bengaluru, the company indicated that it is evaluating growth opportunities in other major office markets. Revenue is projected to increase from INR 3,008.2 crore in FY27 to INR 4,424.9 crore by FY30.Read more

05 May 2026

Real estate activity in the flexible workspace segment has seen fresh momentum, with Concorde leasing 1.4 lakh sq ft office space to BHIVE in Bengaluru, while The Executive Centre (TEC) has added 90,000 sq ft across Mumbai and Pune. The transactions, reported in the past week, highlight continued demand for managed office solutions from enterprises seeking scalable and flexible work environments. The Bengaluru deal marks a significant expansion for BHIVE in a key technology market, while TEC’s additions strengthen its presence in major commercial hubs, reflecting sustained occupier interest in premium flexible office formats.Read more