11 Jun 2026

The National Bank for Agriculture and Rural Development (NABARD) is set to raise up to INR 70 billion through a bond issuance with a tenure of three years and one month. The proposed fundraising includes a base issue size of INR 20 billion and a greenshoe option of INR 50 billion. NABARD has invited coupon and commitment bids for the issue, with bidding scheduled for June 10. The bonds have been assigned the highest credit rating of AAA by both ICRA and CRISIL. The fundraising exercise forms part of the development financial institution's borrowing programme to support its lending and refinancing activities focused on agriculture, rural infrastructure and allied sectors across India.Read more

10 Jun 2026

Tata Capital Housing Finance is set to raise up to INR 11.25 billion through the issuance of five-year bonds, according to market participants. The proposed fundraising comprises a base issue size of INR 10 billion and a greenshoe option of INR 1.25 billion. The company has fixed a coupon rate of 8.15% and invited commitment bids for the issue on June 10. The bonds have received AAA ratings from CRISIL and ICRA, reflecting the highest level of creditworthiness. The proposed debt issuance comes as non-banking financial companies and housing finance firms continue to access domestic bond markets to secure long-term funding for lending operations, including housing finance and retail credit activities.Read more

10 Jun 2026

Tata Consultancy Services (TCS) has renewed the lease for nearly 1.5 million sq ft of office space at its Chennai campus in a deal valued at approximately INR 1,420 crore over ten years, making it one of India's largest office lease renewals of 2025. The long-term commitment reinforces Chennai's position as a key technology and business destination while reflecting continued demand for large-scale Grade A office spaces. The transaction also highlights the confidence of major IT firms in maintaining substantial physical workspaces despite evolving workplace strategies across the sector.Read more

10 Jun 2026

• The Rajasthan High Court has ruled that toll collection rights granted by NHAI to concessionaires are taxable under GST when provided as consideration for highway construction services.
• The judgment arose from a dispute involving CG Tollway Limited, which developed a section of NH-8 under a DBFOT concession model.
• The court clarified that while toll paid by road users remains GST-exempt, the right to collect toll granted in return for construction work does not qualify for the same exemption.
• The ruling upheld a GST demand exceeding INR 16 crore against the concessionaire.
• The decision could have significant implications for road developers and infrastructure companies operating under BOT and concession-based highway projects.Read more

10 Jun 2026

• MMRDA’s Annual Accounts for FY 2023–24 reflect continued investment in major transport, water supply and regional infrastructure projects across the Mumbai Metropolitan Region.
• The Authority’s Budget 2026–27 marks its first surplus budget since 2017–18, with a total outlay of INR 48,072.57 crore and a projected surplus of INR 17 lakh.
• Around 87% of the proposed expenditure has been earmarked for development projects and schemes, underscoring a strong infrastructure-focused spending strategy.
• The budget prioritises regional connectivity, urban mobility, water security, climate resilience and decentralised growth under the Mumbai 3.0 development vision.Read more

10 Jun 2026

Smartworks Coworking Spaces Ltd has secured a five-year leasing agreement with the Indian subsidiary of a Japanese non-banking financial company (NBFC) for more than 400 desks at its Mumbai centre. The transaction is expected to generate rental revenue of approximately INR 35 crore over the contract period. The deal comes as demand for managed office spaces continues to strengthen across India’s major business hubs. As of March 31, 2026, Smartworks operated 66 centres spanning 16.1 million sq ft across 15 cities in India and Singapore. The company also reported a turnaround in its financial performance during FY2025-26, posting a net profit against a loss in the previous fiscal year amid strong growth in total income.Read more

10 Jun 2026

GIFT City, India’s first International Financial Services Centre (IFSC) located in Gujarat, is emerging as a major destination for global financial activity and wealth management. Designed to operate under a specialised regulatory framework, the financial hub enables Non-Resident Indians (NRIs), investors and institutions to undertake transactions in foreign currencies while accessing international financial products and services from within India. Tax incentives, simplified regulations and the ability to conduct transactions without mandatory conversion into INR have contributed to its growing appeal. Financial institutions are increasingly offering dedicated products linked to the IFSC ecosystem, allowing NRIs to manage deposits, investments and cross-border transactions through a globally aligned framework.Read more

Hyderabad News Desk

09 Jun 2026

Property registration charges have increased significantly across several of Hyderabad's major growth corridors following the Telangana government's revision of market values that came into effect on June 5. The sharpest increases have been recorded in rapidly developing locations such as Kokapet, Neopolis, Financial District, Narsingi and surrounding micro-markets, where land values and real estate activity have surged in recent years. The revised rates are expected to raise transaction costs for buyers while aligning government valuations more closely with prevailing market prices across the city's high-demand property markets.Read more

09 Jun 2026

DAC Developers has strengthened its presence along Chennai’s Old Mahabalipuram Road (OMR) with the inauguration of a new satellite office and the launch of DAC Cambridge, a premium residential project inspired by the architectural character of Cambridge, England. The developer also indicated that it is exploring a proposed INR 250 crore funding platform with Yubi to support future land acquisitions, following two previous transactions through which Yubi facilitated INR 66 crore in funding. The expansion comes as DAC continues to grow its residential portfolio across Chennai’s IT corridor, where it currently has five ongoing projects in Sholinganallur and Navalur. The company has also announced upcoming launches including DAC Silicon Valley Phase 3 and DAC Lords.Read more

09 Jun 2026

The Odisha government has approved 24 industrial investment proposals worth INR 3,793 crore through the State Level Single Window Clearance Authority (SLSWCA), paving the way for employment opportunities for more than 19,000 people across the state. The projects span sectors including renewable energy, steel and metal downstream industries, electronics and EV components, textiles, tourism, logistics, food processing, chemicals and emerging technologies. The investments will be distributed across 14 districts, reflecting the state's continued push to attract industrial capital and expand manufacturing capabilities. Among the major approvals are a lab-grown diamond manufacturing facility in Khurda and a battery energy storage systems project in Dhenkanal.Read more