27 May 2026

• Life Insurance Corporation of India (LIC) reported a net profit of INR 23,420 crore in the March quarter of FY26, making it the most profitable entity in India’s financial sector.
• The state-owned insurer also retained its position as the highest profit-making Central Public Sector Enterprise (CPSE) during the fourth quarter.
• It was followed by State Bank of India (INR 19,684 crore) and HDFC Bank (INR 19,221 crore) in quarterly profitability.
• LIC’s Assets Under Management rose to INR 57,29,396 crore as of March 2026, reflecting steady growth across its portfolio.Read more

27 May 2026

• Eldeco Housing and Industries has approved its audited standalone and consolidated financial results for FY26 at its board meeting held on May 25.
• The company received unmodified audit opinions from statutory auditors for both standalone and consolidated financial statements under SEBI listing regulations.
• Eldeco’s consolidated operations include an extensive network of wholly owned subsidiaries engaged in real estate, housing and infrastructure development projects across multiple regions in India.Read more

27 May 2026

Flexible workspace operator Awfis Space Solutions Ltd reported a sharp rise in consolidated net profit for the March quarter, supported by higher demand for managed office spaces across key cities. The company’s revenue also recorded healthy growth during the quarter and the full financial year. Awfis continued to benefit from expansion in the co-working and flexible office segment as companies increasingly adopted hybrid working models and managed workspace solutions. The firm, which operates across 18 cities with over 250 centres, has been steadily expanding its footprint amid rising demand from startups, enterprises and global capability centres.Read more

27 May 2026

• Housing sales across 75 major Indian cities fell 1% to 7,09,793 units in FY26, according to Liases Foras.
• Total residential sales value increased 16% year-on-year to INR 9.33 lakh crore due to higher property prices and demand for premium homes.
• New housing supply rose 10% to 6,20,842 units, while unsold inventory increased 13% to nearly 12 lakh units.
• Mumbai Metropolitan Region remained the country’s largest housing market with 23.7% share of total sales, followed by Bengaluru.
• Pune recorded a sharp 25% decline in annual housing sales despite having one of the highest residential supplies among major cities.Read more

27 May 2026

Industry body ASSOCHAM has stated that India is better positioned to manage retail inflation compared to other top 10 global economies, even as West Asia tensions continue to disrupt global energy markets. It has recommended that the Reserve Bank of India maintain the repo rate in its upcoming June monetary policy review while supporting MSMEs through liquidity, interest subvention and moratorium measures. ASSOCHAM noted India’s inflation rose marginally from 3.2 per cent in February 2026 to 3.5 per cent in April 2026, remaining significantly lower than sharper increases seen in the US during the same period.Read more

27 May 2026

The Income Tax Department organised an outreach programme under ‘PRARAMBH-2026’ in Thane to create awareness about provisions of the Income Tax Act 2025 among taxpayers and financial stakeholders. The event, conducted by the office of the Principal Commissioner of Income Tax-1, Thane, witnessed participation from more than 350 taxpayers, industry representatives, chartered accountants and cooperative banks. Sessions focused on key provisions including the new ‘Tax Year’ concept, return filing procedures and revised TDS/TCS frameworks aimed at improving taxpayer convenience and reducing compliance requirements.Read more

27 May 2026

• RBI announces four-day variable rate repo (VRR) auction of INR 1.50 lakh crore scheduled for May 25.
• Funds will be reversed on May 29, with bidding window set between 9:30 am and 10:00 am.
• Banking system liquidity surplus has narrowed sharply due to recent GST-related outflows.
• Overnight call money rates have risen above the repo rate, prompting additional liquidity infusion measures.Read more

27 May 2026

Qatar Holding LLC, affiliated with the Qatar Investment Authority, has sold a 0.40% stake in Adani Energy Solutions for around INR 643 crore through an open market transaction. Birla Mutual Fund acquired the shares at an average price of INR 1,339 apiece. The transaction comes shortly after Adani Energy Solutions reported growth in quarterly revenue and a sharp rise in full-year profit for FY26, supported by higher operational income across its energy transmission and infrastructure business segments.Read more

26 May 2026

• NCRTC invites e-tender bids for licensing 818 sq m of commercial space at Sarai Kale Khan Namo Bharat station.
• Spaces to be leased for 9–15 years for retail, food and beverage, and commuter-oriented services.
• Initiative is part of developing station areas into integrated, transit-oriented urban hubs.
• Sarai Kale Khan station is a key multi-modal interchange on the 82-km Delhi–Meerut RRTS corridor.Read more

26 May 2026

Dalmia Bharat has signed a Business Transfer Agreement through its subsidiary Dalmia Cement (Bharat) Ltd to acquire cement assets of debt-laden Jaiprakash Associates, currently under insolvency proceedings and acquired by Adani Enterprises via a resolution plan. The transaction, valued at an enterprise value of INR 2,850 crore, includes cement plants in Madhya Pradesh and Uttar Pradesh with 5.2 MTPA capacity, 3.3 MTPA clinker capacity and 99 MW of thermal power assets. Post acquisition, Dalmia Bharat’s capacity will rise to 54.7 MTPA.Read more