25 Apr 2026

Alankit Limited has entered into a Business Correspondent (BC) agreement with Indian Overseas Bank, taking its public sector banking partnerships to ten and expanding its last-mile financial services network. The arrangement enables the delivery of basic banking services through more than 2,600 BC locations across multiple states, targeting rural, semi-urban and underserved markets. The company’s broader BC operations already span 26 states, supported by over 3,000 business nodes across 673 cities and a customer base exceeding 25 million. With monthly transactions crossing INR 850 crore, the tie-up is positioned to support deposit, payments and enrolment services in areas where branch expansion remains limited, while strengthening access to government-backed financial inclusion schemes.Read more

Gurugram News Desk

25 Apr 2026

A large number of property transactions in Gurugram have come under scrutiny after the Income Tax Department initiated an investigation into deals lacking mandatory PAN disclosures. The probe covers around 2.5 lakh transactions, primarily linked to high-value property registrations where PAN details of buyers or sellers were either missing or improperly recorded. Authorities are examining compliance gaps under reporting norms applicable to real estate transactions above specified thresholds. The development highlights persistent documentation lapses within registration systems and raises concerns around potential tax evasion and data mismatches. Officials are coordinating with local authorities to verify records, reconcile discrepancies, and ensure adherence to financial reporting standards in property transactions.Read more

24 Apr 2026

The Atal Pension Yojana (APY), administered by the Pension Fund Regulatory and Development Authority, has recorded total gross enrolments of over 9 crore subscribers, reflecting sustained expansion of India’s social security coverage. The scheme added more than 1.35 crore subscribers during the financial year 2025–26, marking its highest annual enrolment since inception. Launched to extend pension benefits to workers in the unorganised sector, APY’s growth has been supported by coordinated efforts across banks, postal networks and government agencies. Enhanced outreach, awareness campaigns and capacity-building initiatives have contributed to its scale-up across states and districts. The scheme offers defined pension benefits and survivor coverage, strengthening its role as a long-term social security instrument.Read more

24 Apr 2026

Indian government bond yields are expected to remain stable, with market participants tracking upcoming state debt auctions and global developments, particularly US-Iran discussions. States are set to raise INR 169 billion through bond sales across varying maturities, adding supply pressure. Meanwhile, movements in crude oil prices continue to influence investor sentiment, given India’s dependence on imports. Although oil prices saw volatility due to geopolitical tensions, expectations of continued dialogue between the US and Iran are providing some stability. Swap rates also showed limited movement, reflecting a cautious and range-bound market outlook.Read more

24 Apr 2026

L&T Finance has secured INR 5 billion through a bond issue with a tenure of five years and two months, attracting investor interest amid stable credit conditions. The company offered a coupon of 7.7942% and received bids recently after opening the issue for subscription. The bonds carry a top-tier AAA rating from Crisil and Care, indicating strong creditworthiness. The fundraising comes at a time when non-banking financial companies are actively tapping debt markets to manage liquidity and support lending growth, reflecting continued confidence from institutional investors.Read more

24 Apr 2026

Aditya Birla Capital is preparing to raise up to INR 7.5 billion through the reissue of its February 2029 bonds, including a greenshoe option of INR 5.5 billion, according to market participants during the past week. The issue, with an effective tenor of nearly three years, will see coupon rates determined through bidding. Rated AAA by CRISIL, the offering reflects continued investor appetite for high-grade corporate debt. The company has invited both coupon and commitment bids, with the transaction forming part of a broader pipeline of issuances that includes deals by Kotak Mahindra Prime and Triumph Composites in the domestic bond market.Read more

24 Apr 2026

Equitree Capital Advisors has launched the Equitree Emerging Opportunities Fund, a Category III Alternative Investment Fund registered under IFSCA regulations within the GIFT City framework. The fund, structured as an open-ended restricted scheme, will provide USD-denominated access to listed Indian small-cap equities for non-resident investors, foreign nationals, family offices and institutions. The firm is targeting a fundraise of USD 100 million over the next 12 to 18 months. The launch reflects growing use of offshore investment structures based in GIFT City to channel global capital into Indian equity markets, particularly in segments such as small-cap stocks that offer higher growth potential.Read more

24 Apr 2026

Manasum Senior Living plans to invest approximately INR 150 crore to develop a senior living project in Chennai, marking its continued expansion in India’s organised senior housing segment. The project, to be developed in collaboration with VNCT Global, will span 4.5 acres and include 92 villas and 36 apartments. Unit configurations range from sub-1,000 sq ft villas to compact 1BHK apartments, targeting independent senior residents. Alongside this development, the company has outlined a broader investment plan of INR 550 crore to expand its footprint across South and West India. The move comes amid growing demand for structured senior living communities, driven by demographic shifts, evolving family structures, and increasing preference for managed residential formats among ageing populations.Read more

24 Apr 2026

The Andhra Pradesh government has introduced a 50 per cent reduction in vacant land tax (VLT) during the construction phase, aiming to accelerate building activity and ease cost pressures on developers and plot owners. The relief applies from the commencement of construction until the issuance of the occupancy certificate, subject to regulatory compliance. The policy follows amendments to municipal laws approved earlier this year and is expected to improve project viability, encourage timely completion, and enhance land utilisation across urban local bodies. Industry stakeholders have long flagged VLT during construction as a cost burden, and the move is expected to support housing supply, particularly in mid-income segments, while improving ease of doing business in the state’s real estate sector.Read more

24 Apr 2026

Brookfield India Real Estate Trust has secured strong institutional backing for a INR 2,600 crore Qualified Institutional Placement (QIP), with participation from global and domestic investors including the International Finance Corporation and major insurance and fund houses. The capital raise, initially launched at INR 2,000 crore, was upsized following robust demand, reflecting sustained investor confidence in India’s Grade-A office assets. The proceeds are expected to be deployed towards acquisitions and debt reduction, strengthening the REIT’s balance sheet and expansion pipeline. This transaction also highlights growing institutional appetite for income-generating commercial real estate platforms, even as office leasing dynamics remain cyclical across key urban markets.Read more