11 May 2026

HMG Stones is preparing to invest around INR 40 crore in FY27 to expand its operations and strengthen its presence in the natural stone segment. The Bengaluru-based company plans to invest in advanced machinery, automation and a new experience centre near Bengaluru airport as it targets revenue of INR 120-150 crore in FY27 after crossing INR 100 crore in FY26. Demand from luxury housing, villas and large-format homes has supported growth in marble consumption over the last two years, while rising logistics costs and import dependence continue to remain key concerns for the industry.Read more

11 May 2026

Waaree Renewable Technologies has signed definitive agreements to acquire a 55 per cent stake in Associated Power Structures Pvt Ltd for INR 1,225 crore. The acquisition, which includes both purchase of existing shares and fresh issuance of securities, is now expected to be completed by June 15, 2026 due to procedural formalities. Once the transaction is completed, Associated Power Structures will become a subsidiary of Waaree Renewable Technologies. The move is expected to strengthen Waaree Renewable’s presence in the power and infrastructure segment as the company continues to expand its renewable energy and EPC business portfolio.Read more

11 May 2026

Bajaj Holdings & Investment reported a sharp rise in profitability for the March quarter and the full 2025-26 financial year, supported by strong investment income despite lower interest earnings during the quarter. The company posted a standalone profit after tax of INR 310 crore in the quarter, compared to INR 91 crore in the corresponding period last year. For the full fiscal, profit surged to INR 4,708 crore from INR 1,292 crore a year earlier. The board also approved a final dividend of INR 130 per equity share, subject to shareholder approval.Read more

11 May 2026

Real estate developer Alpha Corp is set to invest approximately INR 750 crore in a stalled residential project linked to Earth Infrastructure Ltd (EIL) after the Supreme Court cleared a resolution framework for the stressed asset. The investment will be directed towards completing pending construction work and reviving the delayed housing development, which has remained under financial distress for several years. The court-approved arrangement is expected to provide relief to homebuyers awaiting possession while enabling phased project execution under a revised development structure. The move comes amid increasing judicial intervention in stalled residential projects across the National Capital Region, where incomplete developments have affected thousands of buyers and lenders. The revival plan also reflects a growing trend of financially stronger developers taking over distressed real estate assets through court-monitored resolutions.Read more

11 May 2026

Home First Finance Company reported strong growth in the fourth quarter and full financial year FY26, supported by higher loan disbursements, improved asset quality and steady profitability. The company’s assets under management rose nearly 25% year-on-year to INR 15,878 crore, while profit after tax increased over 42% to INR 149 crore during the quarter. Disbursements also touched a record INR 1,572 crore. Alongside business growth, the company continued to improve its loan portfolio quality and expanded its Green Homes initiative, taking the total number of certified homes to 450 by March 2026.Read more

11 May 2026

Awfis Space Solutions has announced the launch of two new centres in Chennai as the flexible workspace operator continues to expand its footprint in key office markets across India. The latest addition is aimed at strengthening the company’s presence in South India amid rising demand for managed workspaces from startups, corporates and hybrid teams. Chennai has been witnessing steady office leasing activity over the past few quarters, with flexible office operators increasing their presence across major business districts. The expansion also comes as Awfis continues to grow its nationwide portfolio after its public listing and ongoing network additions across multiple cities.Read more

11 May 2026

Knight Frank India and NAREDCO have reported a sharp moderation in real estate sector sentiment during the January–March 2026 quarter, with developers, investors and financial institutions adopting a more cautious approach amid global economic uncertainty and inflationary pressures. According to the latest Real Estate Sentiment Index released by the two organisations, the current sentiment score fell to 49 from 60 in the previous quarter, moving into pessimistic territory for the first time in recent years. The future sentiment score also declined to a neutral level of 50. The report attributed the moderation to rising crude oil prices, tightening financial conditions and geopolitical tensions affecting construction costs and project viability, although stakeholders continued to express confidence in India’s long-term housing and office market fundamentals.Read more

11 May 2026

Domestic institutional investors (DIIs) have surpassed foreign institutional investors (FIIs) in Indian real estate investment for the first time in over a decade, marking a structural shift in capital flows, according to recent industry data including insights from JLL’s 2026 report. The trend is also visible in listed Real Estate Investment Trusts (REITs), where domestic capital—through promoters, mutual funds, and retail investors—accounts for a significant share of holdings. Data across key REITs shows promoter and domestic investor dominance, while foreign participation remains comparatively lower. This shift indicates increasing domestic confidence in income-generating commercial assets and a gradual broadening of the local investment base, supported by regulatory stability and maturing REIT markets in India.Read more

11 May 2026

A governance review at HDFC Bank has not found any major lapses, according to people familiar with the matter. The exercise was initiated after former chairman Atanu Chakraborty stepped down, citing differences between his personal values and the bank’s practices. The findings are expected to support the reappointment of CEO Sashidhar Jagdishan, whose term ends in October. The development may bring stability after recent market volatility and regulatory scrutiny, particularly following the bank’s merger with HDFC Ltd.Read more

10 May 2026

Aadhar Housing Finance reported a 20.18 per cent increase in net profit to INR 1,095.88 crore for FY26, reflecting continued growth in its affordable housing-focused lending business. The mortgage lender also recorded expansion in its loan portfolio and disbursements, supported by demand from low- and middle-income borrowers. The performance comes alongside steady operational metrics and asset quality, reinforcing the company’s position in the affordable housing finance segment. The results align with broader momentum in India’s housing finance sector, where demand remains driven by urbanisation, government-backed housing schemes and credit penetration in smaller cities.Read more