21 May 2026

• Capital Infra Trust has declared total distributions of INR 436 crore to unitholders during FY26, including INR 117.97 crore for the fourth quarter.
• The InvIT announced a quarterly distribution of INR 2.4 per unit, taking the full-year payout to INR 11.6 per unit.
• The trust reported total income of INR 920.18 crore and net profit of INR 210.51 crore during the last financial year.
• Assets under management increased 42 per cent year-on-year to INR 6,611.4 crore, supported by operational road assets backed by NHAI hybrid annuity projects.
• The trust plans to acquire 5–8 additional assets in FY27 through its sponsor-backed pipeline, with a target to scale AUM to nearly INR 10,000 crore.Read more

21 May 2026

• Rajkot Municipal Corporation (RMC) collected INR 153 crore in advance property and water taxes in 40 days for FY 2026–27.
• Around 2.43 lakh taxpayers cleared their dues during the ongoing collection drive.
• Digital payments contributed significantly, showing strong adoption of online tax payment systems.
• Rebate schemes, including incentives for early payment and additional benefits for women taxpayers, supported higher compliance.
• The collection reflects improved tax discipline and steady growth compared to the previous year.Read more

21 May 2026

• Omaxe has raised INR 75 crore from investment firm WSB Partners to support two residential plotted developments in Indore and Ujjain, Madhya Pradesh.
• The funding was disclosed through a regulatory filing made by the company in the past week.
• Omaxe said the capital would be used primarily as growth capital, while a portion would also be allocated towards working capital requirements and reserves.
• The investment is linked to the company’s plotted residential projects in the two cities, where demand for organised housing developments has remained active.
• Omaxe currently operates across multiple asset classes and has delivered more than 140 million sq ft of real estate across 31 cities in eight Indian states.Read more

Bangalore News Desk

21 May 2026

Intuit has leased over 6.3 lakh sq ft of office space at Embassy TechVillage on Outer Ring Road, Bengaluru, in a deal valued at around INR 915 crore. The long-term lease, registered in recent weeks, marks one of Bengaluru’s larger office transactions this year. The deal highlights continued demand from multinational technology firms for large Grade A office campuses in established commercial corridors. Outer Ring Road remains among Bengaluru’s most active office micro-markets, driven by technology occupiers and global capability centres expanding operations in the city.Read more

21 May 2026

• India’s GCC workforce is projected to expand to nearly 3.5 million by 2030, creating demand for around 160–200 million sq ft of office space across major business markets.
• Flexible workspaces are expected to account for 65–80 million sq ft, capturing up to 45% of future GCC office demand as companies increasingly adopt managed and asset-light office models.
• Tier-II cities are witnessing rising GCC expansion due to lower rentals, talent availability, reduced operating costs and improving infrastructure connectivity.Read more

21 May 2026

Central Bank of India is set to operationalise its IFSC Banking Unit (IBU) at GIFT City in Gandhinagar in the first week of next month after receiving approvals from the Reserve Bank of India and the International Financial Services Centres Authority. The move is aimed at expanding the bank’s international banking operations and increasing its foreign exchange business. The public sector lender plans to offer foreign currency loans, trade finance and treasury services through the new unit. The bank also said it is well prepared for the Expected Credit Loss (ECL) framework scheduled to come into effect from April 1, 2027, backed by additional provisions and stronger risk monitoring systems.Read more

20 May 2026

RITES Ltd reported a slight decline in its net profit for the March quarter of FY26 as higher operational expenses weighed on earnings. The company posted a net profit of INR 129.97 crore compared to INR 132.71 crore in the corresponding period last year. Despite the dip in profitability, revenue saw strong growth driven by increased business activity across segments. Total income rose to INR 799.21 crore during the quarter, while expenses also climbed significantly. The company’s board has recommended a final dividend of INR 2.75 per share for FY26, subject to shareholder approval.Read more

20 May 2026

• J Kumar Infraprojects Ltd reported a 4 per cent decline in consolidated net profit to INR 109.6 crore for the quarter ended March 2026.
• The company had posted a consolidated net profit of INR 114.2 crore in the corresponding period last year.
• Consolidated income during the quarter fell marginally to INR 1,616.5 crore from INR 1,642.6 crore a year ago.
• The board recommended a dividend of INR 4 per equity share for FY26, subject to shareholder approval at the upcoming Annual General Meeting.
• J Kumar Infraprojects continues to focus on metro, tunnelling, irrigation, and other complex infrastructure projects across India.Read more

20 May 2026

Managed office space operators Table Space and The Executive Centre (TEC) are expanding their commercial real estate footprint across South India amid rising demand for flexible workspaces from technology firms and global capability centres (GCCs). Table Space has added close to five lakh sq ft across Hyderabad’s key office markets including HITEC City and Kokapet. TEC has announced new centres across Bengaluru, Hyderabad and Chennai, adding around 4.65 lakh sq ft and over 6,000 workstations. The expansion reflects continued demand for Grade A managed office spaces and enterprise-focused flexible workspace solutions in major IT hubs.Read more

Hyderabad News Desk

20 May 2026

Hyderabad’s plotted development market saw strong buyer participation during a recent Rajiv Swagruha Corporation auction, where residential plots in Thorrur recorded bids as high as INR 45,500 per sq yard. The auction included 85 plots across Thorrur, Bahadurpally and Kurmalguda and generated nearly INR 83 crore in revenue. Locations near the Outer Ring Road (ORR), Adibatla IT corridor and airport connectivity attracted the highest demand. The auction reflects continued interest in Hyderabad land investment, especially in emerging residential corridors with improving infrastructure and connectivity.Read more