18 Jun 2026

• HomeLane is planning an IPO within the next 12 to 24 months as it focuses on profitability, expansion and growth in India's organised home interiors market.
• The company aims to use IPO proceeds to enter new cities and expand into categories such as kitchen appliances and soft furnishings.
• HomeLane reported a 22% rise in FY25 revenue to INR 7.56 billion, while its net loss narrowed to INR 1.11 billion.
• The company is targeting revenue of around INR 10 billion this fiscal and nearly INR 30 billion by FY31.
• Growing demand for home interiors, urbanisation and technology adoption are creating opportunities for organised interior design companies across India.Read more

18 Jun 2026

• SEBI has proposed restoring the stock exchange route for share buybacks after discontinuing the mechanism in April 2025.
• The proposal follows changes in the tax treatment of buybacks, which the regulator believes have addressed concerns that led to the route's withdrawal.
• Industry bodies and market participants have sought the return of open-market buybacks, citing benefits such as improved liquidity, efficient capital deployment and greater flexibility for listed companies.
• SEBI has invited public feedback on the proposal before deciding whether to formally reinstate the mechanism.Read more

18 Jun 2026

The Gujarat government has launched the Viksit Gujarat Industrial Policy-2026, a five-year roadmap aimed at attracting investments worth INR 10 lakh crore and strengthening the state's manufacturing ecosystem. The policy offers incentives ranging from 15 per cent to 50 per cent across sectors, introduces a "Choose Your Incentive" framework, and focuses on advanced manufacturing, innovation, start-ups, sustainability and MSMEs. It also identifies 21 high-growth sectors and seeks to support Gujarat's long-term goal of becoming a USD 3.5 trillion economy by 2047.Read more

Mumbai News Desk

18 Jun 2026

• Mumbai’s redevelopment pipeline is projected to unlock nearly 59,000 new homes with an estimated market value of INR 1.5 lakh crore by 2031, according to a recent industry assessment.
• Society redevelopment has emerged as a major growth driver, with more than 1,000 housing societies currently undergoing redevelopment across the city.
• Suburban locations such as Borivali, Andheri, Bandra and Ghatkopar are leading activity as ageing housing stock and rising land constraints accelerate redevelopment demand.
• Policy reforms, improved approval mechanisms and strong housing demand are expected to support the next phase of redevelopment-led urban renewal.Read more

17 Jun 2026

Sovereign AI company Sarvam has raised USD 234 million (around INR 2,200 crore) in the first close of its USD 300 million Series B funding round at a post-money valuation of USD 1.5 billion. The round saw participation from HCLTech, Bessemer Venture Partners, Khosla Ventures and Peak XV Partners. HCLTech will invest INR 1,427.25 crore to acquire a 10.46 per cent stake, with the capital earmarked for developing next-generation AI models and expanding sovereign AI deployments across industries.Read more

17 Jun 2026

Avendus Capital, at its REITs and InvITs Conclave 2026 in Mumbai on 16 June 2026, projected that India's combined REIT and InvIT market could attract INR 11.6 trillion in fresh capital by 2030, with total assets under management doubling from roughly INR 9.25 trillion to INR 20 trillion. The forecast rests on an anticipated wave of new listings in FY2026–27, sustained government infrastructure spending, and SEBI's reclassification of REITs as equity instruments. India currently ranks fourth in Asia by combined REIT and InvIT market capitalisation, with five listed REITs and 17 listed InvITs.Read more

17 Jun 2026

The New Delhi Municipal Council (NDMC) has announced a 10 per cent rebate on property tax payments for the financial year 2026-27 for taxpayers who clear their dues on or before June 30. The concession applies to properties within the NDMC jurisdiction and is aimed at encouraging early tax compliance and improving revenue collection. Property owners can avail themselves of the rebate through the council’s online property tax portal and other authorised payment channels. The incentive continues a policy adopted by the civic body in recent years to promote timely payments and strengthen municipal finances. The announcement comes amid ongoing changes to the property tax framework in the NDMC area, including efforts to introduce a more uniform assessment mechanism.Read more

17 Jun 2026

The newly elected Municipal Corporation of Panchkula is set to deliberate on a proposal for property tax relief alongside a series of sanitation and civic improvement measures during its first General House meeting. The agenda reflects the corporation’s focus on addressing public concerns related to taxation and urban cleanliness while strengthening municipal services. The proposed tax waiver is expected to provide relief to property owners, though its financial implications for municipal revenues will also be assessed. The meeting comes as Panchkula intensifies efforts to improve its sanitation infrastructure and performance under national cleanliness rankings, with several waste management, public sanitation and civic maintenance initiatives already underway across the city.Read more

16 Jun 2026

Andhra Pradesh Chief Minister N Chandrababu Naidu has invited venture capitalists and startup investors to explore business opportunities in the state, highlighting its growing industrial base, policy support and innovation-driven ecosystem. Speaking at a roundtable during his ongoing visit to Singapore, he said the state is focused on strengthening manufacturing, technology and entrepreneurship through structured initiatives like the Ratan Tata Innovation Hub and land pooling model. He also outlined Andhra Pradesh’s efforts in natural farming, education partnerships and industrial development, while engaging with global investors to expand cooperation across key sectors.Read more

16 Jun 2026

• Around 5.40 lakh housing units are scheduled for delivery in 2026 across India’s top seven cities, marking the highest completion pipeline in over a decade, according to ANAROCK Research.
• The Mumbai Metropolitan Region and Pune together account for nearly 57% of total expected deliveries, highlighting strong concentration in Maharashtra’s residential market.
• While the outlook reflects robust project completions and steady housing demand, developers may face execution challenges from global geopolitical tensions, supply chain disruptions, and rising construction costs.Read more