03 Jan 2026

Commercial vehicle manufacturer Ashok Leyland reported a strong performance in December, registering a 27 per cent year-on-year increase in total sales to 21,533 units. The growth was primarily driven by robust domestic demand, with local sales rising 26 per cent during the month. Medium and heavy commercial vehicles led the expansion, reflecting improved activity in infrastructure, logistics and construction-related segments. Light commercial vehicles also posted healthy growth, indicating sustained demand from last-mile connectivity and small business operators. The December performance highlights a continued recovery in the commercial vehicle market, supported by economic activity, infrastructure spending and replacement demand across key transport segments.Read more

02 Jan 2026

State-owned Housing and Urban Development Corporation (HUDCO) has sanctioned loans exceeding INR 46,000 crore during the third quarter of the current financial year, reflecting steady momentum in housing and urban infrastructure financing. Cumulatively, loan sanctions during the April-December period stood at over INR 1.39 lakh crore, underlining robust demand for long-term funding across sectors. Loan disbursements also remained strong, crossing INR 41,000 crore in the first nine months of the fiscal. The performance highlights HUDCO's expanding role in supporting urban development, affordable housing, and critical infrastructure projects across states, aligned with growing investment requirements in cities and towns.Read more

02 Jan 2026

Veegaland Developers, part of the V-Guard group, has filed for an IPO to raise INR 250 crore, entirely through fresh shares, to fund its growth plans. The funds will support ongoing and upcoming residential projects, land acquisitions, and general corporate purposes. The company operates in Kerala's residential market across multiple premium segments and has completed 11.05 lakh square feet of projects while nine more totaling 12.67 lakh square feet are underway. Land reserves of 7.20 acres in Kochi and Trivandrum are earmarked for future development.Read more

02 Jan 2026

CapitaLand India Trust has announced plans to divest a 20.2% equity stake in three data centres for approximately INR 702 crore, marking a strategic capital recycling move. The divestment involves a partial sell-down in assets under the trust's data centre portfolio. Proceeds from the transaction are expected to strengthen the trust's balance sheet and support future acquisitions or growth initiatives across its diversified real estate portfolio. The move reflects broader industry trends where data centre assets are increasingly attracting investor interest due to robust demand for digital infrastructure. The remaining 79.8% stake will continue to be held by CapitaLand India Trust after the transaction.Read more

02 Jan 2026

AICPDF has urged SEBI to pause IPO approvals for loss-making quick-commerce and related e-commerce companies until pending cases before the Competition Commission of India are settled. The distributors body flagged concerns over persistent losses, negative cash flows, and valuation practices based on market share rather than profitability. It pointed to recent listings by Zomato and Swiggy, where early investors exited despite continued losses. AICPDF also cited ongoing CCI probes into alleged predatory pricing and warned of risks to small investors and kirana retailers.Read more

02 Jan 2026

Ascendas IT Park (Pune) is set to raise up to INR 9.15 billion through a three-year bond issue, according to market sources. The company has invited coupon and commitment bids during the week, with the final pricing to be determined through the bidding process. The proposed bonds are expected to be rated A by ICRA. The issue size includes a greenshoe option. The move aligns with broader trends of real estate-linked entities tapping domestic bond markets for funding and refinancing needs.Read more

Patna News Desk

02 Jan 2026

Patna Municipal Corporation (PMC) addressed 671 grievances related to property tax and solid waste management out of 1,782 complaints received over the past month, reflecting improved civic service management. The municipal body strengthened digital grievance platforms and instructed zonal officers to ensure timely resolution. Schemes like the One Time Settlement (OTS) for pending property tax dues received focus to ease citizen burden. Officials continue to monitor complaint disposal daily. This step highlights ongoing efforts to improve urban governance while addressing long-standing citizen concerns in Patna.Read more

01 Jan 2026

Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder for a major railway infrastructure project in Odisha, securing a contract worth around INR 201.23 crore from East Coast Railway. The project involves setting up a wagon Periodic Overhaul (POH) workshop at Kantabanji with a capacity to service 200 freight wagons. The facility is expected to be completed within 18 months and will strengthen wagon maintenance infrastructure in the region. RVNL was the sole bidder for the works tender. The project adds to RVNL's order book and reinforces its role in expanding and modernising railway support facilities across India.Read more

01 Jan 2026

IRB Infrastructure Trust has approved an investment in IRB Harihara Corridors for the TOT-17 highway project, reinforcing its focus on toll-based road assets. The trust will invest up to INR 36 billion in the SPV, which has also been allowed to raise term loans of up to INR 72 billion. The move supports the acquisition and operation of a national highway under the toll-operate-transfer model. This decision adds to IRB Infrastructure Trust's growing portfolio of long-term, revenue-generating road infrastructure projects.Read more

01 Jan 2026

Escorts Kubota Ltd has been served a GST-related tax demand of over INR 3.4 crore by Maharashtra tax authorities concerning the eligibility of input tax credit. The demand includes tax, interest, and penalty, as confirmed by the Assistant Commissioner of State Tax, Pune South. The company has acknowledged receipt of the order and stated that it plans to contest the assessment. Escorts Kubota has maintained that it will approach the appellate authority, indicating that the matter is under dispute and subject to further legal review.Read more