01 Aug 2025

Steel Infra Solutions Company Ltd (SISCOL), an integrated structural steel solutions provider, has filed preliminary papers with SEBI for an Initial Public Offering (IPO). The IPO combines a fresh issue of INR 96 crore and an offer-for-sale of 1.42 crore equity shares. The fresh funds are intended for expanding manufacturing facilities in Vadodara, Hyderabad, and Bhilai, along with supporting working capital needs and general corporate purposes. With an order book of INR 811 crore and consistent growth in revenue and profit, SISCOL aims to strengthen its role in India's large-scale infrastructure projects.Read more

01 Aug 2025

Laxmi India Finance Ltd, a Jaipur-based NBFC, launched its INR 254.26 crore IPO earlier this week, receiving a lukewarm response on the first day with only 37% overall subscription. The offering, priced between INR 150 and INR 158 per share, includes both a fresh issue and an offer for sale by promoters. While retail investors showed better enthusiasm with 60% subscription, institutional and high net-worth categories remained cautious. The company raised over INR 75 crore from anchor investors a day before the issue opened.Read more

01 Aug 2025

Adani Green Energy's shares rose 3% recently following the announcement of its robust financial performance for the first quarter of the current fiscal year. The company reported a significant increase in its net profit after tax, alongside healthy growth in its revenue from operations. This positive momentum is attributed to a substantial rise in the sale of energy, which grew by 54% year-on-year, driven by operational capacity expansion. This strong Q1 performance highlights Adani Green Energy's continued leadership in India's renewable energy sector and its positive trajectory in a market focused on green solutions.Read more

31 Jul 2025

The Bruhat Bengaluru Mahanagara Palike uncovered around 3.7 lakh properties in the city with unpaid property taxes amounting to INR 700-800 crore. Despite reminders and auction notices issued for 6,000-7,000 properties, compliance remains poor. Authorities are now blocking e-khata accounts to stop property transactions until dues are cleared. This enforcement drive is expected to stretch over several months, aiming to recover dues and deter further evasion.Read more

31 Jul 2025

The Reserve Bank of India has introduced a fresh framework limiting how much banks, NBFCs, and All-India Financial Institutions can invest in Alternative Investment Funds. As per the new rules, no regulated entity can invest more than 10 % in any AIF scheme, and total investment from all such entities cannot exceed 20 % of the AIF's corpus. If more than 5 % is invested in a scheme that indirectly funds a borrower of the investor, a 100 % provision will be required. These directions will come into force in early 2025, with previous investments covered under older norms.Read more

31 Jul 2025

Nexus Select Trust reported strong Q1 FY26 performance with net operating income rising 11.65% to INR 460.2 crore and total income up 12% to INR 647.9 crore. Retail tenant sales touched INR 3,300 crore amid steady 97% occupancy. Despite a 14% drop in net profit, the REIT maintained its eighth consecutive full payout of INR 2.23 per unit. Key acquisitions-Vega City, Bengaluru and MBD Ludhiana-showed positive traction. Debt cost dropped to 7.5%, with ample headroom for growth. Operating across 19 Grade-A retail centres in 15 cities, the REIT expects 15% NOI and 10% distribution growth in FY26.Read more

31 Jul 2025

Jamshedpur's registration department will increase benchmark property rates by 10% starting next month, impacting freehold areas like Sonari, Mango, Jugsalai, and Ulyan. This revision will raise stamp duty and registration charges, prompting buyers to possibly expedite deals at current rates. Leasehold areas under Tata Steel, such as Bistupur, Sakchi, and Kadma, remain unaffected, offering more cost-effective options. Officials anticipate a short-term spike in demand for properties registered under existing lower rates and potential rental hikes as owners adjust for higher acquisition costs. The move is part of the state's routine property valuation review and may shift investor focus toward leasehold zones.Read more

31 Jul 2025

India's real estate sector is witnessing a shift, with distressed and stalled housing projects emerging as attractive investments. Over 500,000 units across major cities remain stalled, but developers and private equity firms now view them as turnaround opportunities due to high discounts, rising demand for ready-to-move-in homes, and improved regulatory clarity. Government initiatives like the INR 15,000 crore SWAMIH fund are boosting investor confidence. Experts highlight the importance of clean documentation, market-aligned redesigns, and reliable execution. As investor sentiment matures, distressed assets are being repackaged into viable ventures, potentially addressing housing shortages and unlocking capital in India's evolving real estate landscape.Read more

31 Jul 2025

Akhil Wable, founder of DataforIndia, has purchased a 1,280-sq-yard plot in South Delhi's Vasant Vihar for INR 113 crore from Eleannt Enterprises, which had acquired it for INR 95 crore just months earlier. The deal underscores high demand and rapid appreciation in South Delhi's elite property market, where plots fetch INR 9-12 lakh per sq yard. However, construction is currently restricted on the plot due to its proximity to a ridge area. South Delhi, comprising 18,446 plots across 42 A-C category colonies, is valued at INR 5.65 lakh crore. Premium colonies like Vasant Vihar remain top-tier for high-value transactions.Read more

31 Jul 2025

The Indian Renewable Energy Development Agency (IREDA) recently raised nearly INR 2,006 crore through a Qualified Institutional Placement (QIP), following the remarkable response to its IPO last year. The move has drawn significant participation from heavyweight investors, including LIC and global financial firms such as Morgan Stanley and Societe Generale. The strong market performance of IREDA's stock post-listing reflects widespread investor optimism around India's renewable energy push. The developments underscore the growing global and domestic confidence in the company's business model and the sector's long-term growth prospects.Read more