15 Jan 2026

Groww's parent company, Billionbrains Garage Ventures, reported a 28% drop in quarterly profit, recording INR 5.47 billion (USD 60.64 million) for the period ending December 31. The decline was mainly driven by higher operational expenses as the online brokerage invested in platform growth and marketing. Founded nearly a decade ago and listed last year, Groww continues to expand its offerings and attract retail investors. Analysts suggest that while short-term profitability has been impacted, the company remains focused on increasing market share and strengthening its position in the competitive Indian brokerage sector.Read more

15 Jan 2026

Shakti Pumps has received new orders worth over INR 600 crore under the government's PM-KUSUM scheme, further strengthening its presence in the renewable energy and agri-infrastructure space. The orders, awarded by Karnataka Renewable Energy Development Ltd, involve the supply, installation, and commissioning of 16,780 standalone off-grid solar photovoltaic water pumping systems across Karnataka. Excluding GST, the total value of the letter of award stands at INR 600.58 crore. The development aligns with the broader objectives of the PM-KUSUM scheme, which aims to enhance farmers access to clean energy while reducing dependence on grid power and diesel. The order highlights continued momentum in decentralised solar adoption within India's agricultural sector.Read more

15 Jan 2026

PMAY-U 2.0 aims to expand homeownership among eligible urban families without permanent housing through a structured and transparent framework. Its Interest Subsidy Scheme offers benefits of up to INR 1.80 lakh over five years on eligible home loans sanctioned after 1 September 2024. Homebuyers availing Sambhav Home Loan from Bajaj Housing Finance Limited may apply for the subsidy, subject to eligibility and verification. The scheme also allows applicants to register through a centralised government portal, supporting wider access, particularly for households with informal or cash-based incomes.Read more

15 Jan 2026

Arunachal Pradesh highlighted its infrastructure needs during pre budget consultations with the Union Finance Ministry ahead of the upcoming Union Budget on February 1,2026. The state emphasized urgent development in urban water supply, drainage systems, and rail connectivity, particularly the Rupai Wakro Parashuram Kund railway line. Officials also raised concerns over limited access to externally aided funds due to geopolitical and strategic constraints. The state underlined its commitment to fiscal discipline while seeking continued central support to bridge resource gaps and ensure sustainable growth across urban and border regions.Read more

15 Jan 2026

Lenders have sanctioned over INR 3,360 crore to 774 exporters within the first month of the Credit Guarantee Scheme for Exporters, highlighting strong uptake amid global trade pressures. Launched in December 2025, the INR 20,000 crore scheme offers 100 per cent credit guarantee to help exporters, including MSMEs, manage liquidity and expand into new markets. Applications worth nearly INR 8,800 crore were received in the initial phase. The government said the scheme aims to improve export competitiveness and cushion businesses against external headwinds. Alongside this, credit support for MSMEs and improving bank profitability and asset quality are strengthening India's export, manufacturing, and overall economic outlook.Read more

14 Jan 2026

The Delhi government has revised its capital expenditure for FY26 to INR 30,248 crore, signalling a stronger push towards infrastructure-led urban development. Key sectors such as transport, housing, education, roads, and civic services have received higher allocations. Spending on transport has risen sharply, led by increased funding for Delhi Metro expansion and road projects. Education allocations now form over one-fifth of the total budget, with higher capital spending on land and housing for institutions. Housing, municipal services, water utilities, and Yamuna rejuvenation have also seen enhanced support. The revised budget reflects a clear focus on asset creation, mobility, urban renewal, and long-term city infrastructure, with positive implications for real estate, housing supply, and overall urban growth in Delhi.Read more

14 Jan 2026

Avenue Supermarts, which operates the DMart retail chain, reported an 18.28 per cent rise in consolidated net profit to INR 855.78 crore for the October-December 2025 quarter, driven by higher revenues. Consolidated revenue from operations grew to INR 18,100.88 crore, reflecting steady performance across its expanding network of neighbourhood supermarkets. While total expenses increased due to store operations, logistics, and inflation-linked costs, higher sales volumes supported profitability. DMart continues to expand across urban and semi-urban markets, supporting demand for retail real estate and local infrastructure. The company also announced a leadership transition, with Anshul Asawa set to take over as CEO and Managing Director from April 2026, following the completion of Ignatius Noronha's tenure.Read more

14 Jan 2026

ASK Property Fund has invested INR 340 crore in a portfolio of three residential projects being developed by Mantra Group, strengthening its exposure to the Mumbai and Pune housing markets. The investment will support the acquisition of two projects through the NCLT resolution process, while also providing funding for an ongoing residential development. A portion of the capital will be used to settle outstanding dues of financial creditors, with the remaining amount allocated towards working capital requirements to ensure timely execution. The transaction reflects sustained institutional interest in residential real estate, particularly in projects with resolution-led acquisition opportunities and established urban demand across Maharashtra's key housing markets.Read more

14 Jan 2026

PhonePe Payment Gateway has launched PhonePe PG Bolt, a new feature designed to make Visa and Mastercard card payments faster and more secure. Using device tokenisation, users can save their cards once on the PhonePe app and use them seamlessly across all merchants on the platform without repeated verification. The solution removes the need to enter CVV details for repeat transactions and enables in-app checkouts without redirection, reducing payment drop-offs. For merchants, PG Bolt promises quicker checkout times and higher transaction success rates through a smoother payment flow. The launch reflects PhonePe's focus on strengthening digital payment infrastructure while improving user convenience, security, and overall checkout efficiency across e-commerce and app-based services.Read more

14 Jan 2026

KP Group has announced a significant investment commitment of INR 4,000 crore towards expanding renewable energy capacity in Gujarat, reinforcing the state's position as a key hub for clean energy development in India. The group has entered into a memorandum of understanding with the Gujarat government to develop a portfolio of solar and wind-solar hybrid power projects across multiple locations in the state. With a proposed aggregate capacity of around 855 MW, the projects will be spread across regions such as Devbhumi Dwarka and Kutch, including Bhuj. The initiative aligns with Gujarat's broader renewable energy ambitions and reflects growing private sector participation in large-scale clean power infrastructure, supporting energy transition goals and long-term sustainability.Read more