23 Dec 2025

The Haryana government has extended its one-time settlement scheme for the recovery of pending External Development Charges (EDC) from real estate developers, while introducing stricter financial conditions. The extended window allows developers additional time to regularise long-outstanding dues, but requires higher upfront payments and imposes increased interest liabilities to discourage delays. Full settlement now mandates payment of the entire principal along with accrued and penal interest, while partial settlement involves a significant upfront component followed by installments carrying interest. The move is aimed at accelerating EDC collections, reducing legacy disputes, and ensuring steady funding for urban infrastructure projects across rapidly growing cities and development corridors in the state.Read more

22 Dec 2025

State Bank of India is on course to achieve a major milestone, with its home loan portfolio expected to cross INR 10 lakh crore in the next financial year, supported by sustained housing demand and a supportive interest rate environment. The country's largest lender recently crossed the INR 9 lakh crore mark, making it the biggest mortgage provider in India. Home loans now account for over one-fifth of SBI's total assets, underlining their central role in the bank's balance sheet. Consistent growth, strong asset quality and stable retail demand continue to drive momentum in this segment.Read more

22 Dec 2025

JM Financial Asset Management Company has expanded its Alternative Investment Fund (AIF) platform with a new real estate fund targeting early-stage ventures. The INR 1,000 crore fund aims to bridge financing gaps in India's property sector, providing debt capital to established developers in metro cities for land acquisition and approval costs. Backed by over a decade of real estate credit experience, the fund has attracted strong interest from institutional investors and HNIs. The company has also filed pre-IPO and performing credit fund applications to further broaden its alternative investment offerings.Read more

22 Dec 2025

UltraTech Cement has received a GST demand notice amounting to INR 782.2 crore for the period between FY19 and FY23, citing alleged short payment of tax and issues related to input tax credit. The company has stated that it is reviewing the order and intends to contest the demand through appropriate legal channels. The notice includes tax liability, interest and penalties, which the company maintains were imposed without due consideration of its submissions.Read more

22 Dec 2025

Indian government bonds weakened at the start of the week as investors reacted to sustained supply pressure, led by higher-than-expected borrowing plans from state governments. The benchmark 10-year yield edged closer to recent highs, reflecting cautious sentiment ahead of quarter-end. States have already raised significant funds this quarter, with more issuance expected. Foreign investor outflows and weak auction demand added to the pressure, even as the Reserve Bank of India provided liquidity support. Markets remain watchful of supply dynamics despite signs of easing inflation.Read more

22 Dec 2025

The Vadodara Municipal Corporation has received a 235 crore grant to accelerate key urban development projects across the city. The funding will be used to upgrade essential civic infrastructure, including roads, drainage networks, sanitation facilities, public spaces, and waste management systems. Officials said the grant will help clear pending backlogs, speed up execution, and support infrastructure needs in both established and emerging areas. City authorities plan to ensure transparent use of funds through strict monitoring of progress and budgets. The investment is expected to improve service delivery, enhance urban liveability, and support Vadodara's growing population, while strengthening the city's readiness for future residential and economic growth.Read more

22 Dec 2025

The International Finance Corporation has decided to invest up to INR 300 crore, equivalent to around USD 30 million, in residential mortgage-backed securities issued by Grihum Housing Finance. The move is aimed at boosting home ownership among low- and middle-income families by mobilising private capital for affordable mortgage lending. The investment also marks IFC's first exposure to India's RMBS market and aligns with the government's broader housing-for-all objectives.Read more

21 Dec 2025

Chennai has outlined a long-term transport vision under its Comprehensive Mobility Plan, proposing an investment of INR 2.27 lakh crore across the Chennai Metropolitan Area. The plan prioritises public transport, with nearly 85 per cent of the funding earmarked for metro rail expansion, suburban rail upgrades and improvements to the bus network. Roads and flyovers account for a much smaller share, while walking, cycling and freight movement also receive focus. The strategy addresses rising private vehicle use and declining bus capacity by improving service quality and last-mile connectivity. Transit-oriented development, alternative funding models and better links to suburban growth corridors form key pillars of the city's future-ready mobility roadmap.Read more

20 Dec 2025

The Trichy Corporation has approved INR 6.2 crore to construct a satellite bus terminus at Thiruverumbur along the Trichy Thanjavur National Highway, aiming to reduce congestion and streamline bus operations. The civic body has already paid INR 2.5 crore to acquire nearly one acre of land for the facility, which will include bus bays and a commercial complex. Currently, around 500 city and mofussil buses operate on narrow service roads in the area. The tender has been issued to ensure construction begins before election code restrictions come into effect, supporting smoother transit for commuters.Read more

20 Dec 2025

Shriram Finance has received board approval to sell a 20 per cent stake to Japan-based MUFG Bank through a preferential equity issuance worth around INR 39,618 crore (USD 4.4 billion). The investment, which requires shareholder and regulatory approvals, marks one of the largest foreign direct investment inflows in India's financial services sector. The partnership is expected to boost Shriram Finance's capital base, enhance its balance sheet, improve access to low-cost liabilities, and unlock synergies in technology and customer engagement, while aligning governance with global standards and supporting long-term growth.Read more