27 Jan 2026

GreenCell Mobility has raised USD 89 million (around INR 800 crore) in a mezzanine funding round led by the International Finance Corporation, British International Investment, and Tata Capital to scale its electric bus operations nationwide. Backed by Eversource Capital, the company currently runs over 1,200 electric buses and more than 270 charging stations. The new funds will support fleet expansion to 3,700 buses, strengthen charging infrastructure, and accelerate adoption under central government initiatives like the National E-Bus Programme and PM Seva E-Mobility, with deployments across Delhi, Madhya Pradesh, Andhra Pradesh, Bihar, and Puducherry.Read more

27 Jan 2026

AirAsia X is moving forward with a debt restructuring of USD 500-600 million after acquiring Capital's short haul aviation business. The consolidation merges seven AirAsia branded airlines under AirAsia X to simplify operations and strengthen finances. The airline plans to resume London flights, expand to Istanbul, and develop a hub in Bahrain. Fleet expansion with Airbus A321LR and A321XLR aircraft will support long haul growth. Near term targets include USD6 billion revenue, 20 percent EBITDA margin, and passenger loads above 80 percent, while pandemic era loans will be gradually repaid over the next few years.Read more

26 Jan 2026

AM Group, promoted by the founders of Greenko Group, has partnered with the Uttar Pradesh government to establish a 1-gigawatt AI and high-performance computing hub in Greater Noida, with a total investment of USD 25 billion. The project will be developed in phases, starting operations in 2028 and reaching full capacity by 2030. Designed to serve global AI workloads, the facility will house around 500,000 advanced chipsets and run entirely on carbon-free energy, supporting India's AI initiatives while creating jobs and attracting investment.Read more

Mumbai News Desk

26 Jan 2026

The University of York, a UK-based institution, has agreed a commercial office lease for 37,602 sq ft in One Boulevard, Powai, Mumbai, under a contract valued at nearly INR 50 crore over a five-year term, according to property registration documents. The premises, situated on the third and fourth floors of the building owned by Kairos Properties Pvt Ltd, include 27 dedicated parking spaces, with additional slots available at a monthly fee. The lease commenced in early December 2025 and carries an annual rent escalation clause of 5%, with the monthly rent starting at INR 75.20 lakh and rising incrementally each year. The agreement incorporates a three-year lock-in period and provided the tenant with one month's rent free at the outset. Security deposits vary between the initial and latter years of the tenure, reflecting standard commercial leasing practice in Mumbai's office market.Read more

26 Jan 2026

Himachal Pradesh's Transport Department reported revenue of INR 2,597 crore between January 2023 and December 2025, a 73% increase from the previous government's period, according to Deputy Chief Minister Mukesh Agnihotri. This growth reflects the state's push for digital reforms, vehicle fitness automation, eco-friendly transport, and road safety measures. Key initiatives include automated testing stations, mobile apps for permits and fitness certificates, scrapping of old vehicles, incentives for e-taxis and buses, expansion of private bus routes, and solar EV charging stations, positioning Himachal as a leading state in sustainable and transparent transport systems.Read more

26 Jan 2026

Oberoi Realty has reported a marginal year-on-year increase in consolidated net profit for the quarter ended December, reflecting steady financial performance amid a challenging operating environment. The Mumbai-based real estate developer recorded a net profit of INR 622.64 crore, slightly higher than the INR 618.38 crore posted in the corresponding quarter of the previous financial year. Total income during the quarter also registered growth, rising to INR 1,561.74 crore from INR 1,460.27 crore a year earlier, as per its regulatory filing. Alongside the quarterly results, the company announced its third interim dividend for FY2025-26 at INR 2 per equity share, representing 20 per cent of the face value.Read more

26 Jan 2026

Waaree Energies posted a strong performance in the December quarter, with consolidated net profit rising to INR 1,106.79 crore, more than double the year-ago level. Total income nearly doubled to INR 7,761.23 crore, driven mainly by higher revenues from solar module manufacturing and EPC contracts. The company expanded its manufacturing capacity in Gujarat, secured fresh orders that lifted its order book to INR 60,000 crore, and raised funds for a lithium-ion battery project, supporting long-term growth visibility.Read more

Hyderabad News Desk

26 Jan 2026

Hyderabad's residential property market concluded 2025 with increased registration activity in December, driven by higher-value homes, according to data from Knight Frank India. Registrations of residential properties in December rose 14% year-on-year, with a total of 6,600 homes recorded, marking one of the strongest months of the year. The aggregate value of homes registered in the month climbed significantly, supported by robust demand for properties priced above INR 1 crore. For the full calendar year, total registrations were slightly lower than the previous year, although the overall value of transactions increased due to a shift towards high-value housing. Premium homes continued to account for a growing share of registrations and transaction value across key micro-markets in the Hyderabad metropolitan region, reinforcing the city's sustained interest among buyers for larger and higher-priced residences.Read more

26 Jan 2026

Aurum PropTech Ltd reported a strong financial turnaround in the quarter ended December 31, 2025, posting a consolidated net profit of INR 2.71 crore compared to a net loss in the same period last year. The Mumbai-based realty technology firm also recorded a sharp rise in income, reflecting improved execution and operating efficiencies across its platforms. Management said the quarter marked a key inflection point, with the company moving from adjusted EBITDA positivity to a profit-after-tax outcome. Growth was driven by scale-up in its distribution and analytics businesses, supported by AI-led innovation, geographic expansion, and tighter cost controls.Read more

26 Jan 2026

India's residential real estate market moved into a phase of normalisation during calendar year 2025, with housing demand moderating but remaining structurally resilient, according to Real Insight Residential CY 2025, PropTiger.com annual housing market report. Across the top eight cities, residential sales declined 12% year-on-year to 3,86,365 units, marking the lowest annual sales level since 2022. New housing supply also moderated, falling 6% to 3,61,096 units, the lowest since 2021. The October-December quarter recorded the weakest quarterly sales since the second quarter of 2023, even as prices remained stable due to limited ready inventory, calibrated supply and elevated construction costs. The report highlighted widening divergence across cities, with southern markets outperforming while some northern and western markets remained under consolidation.Read more