07 May 2026

Banking sector margins are expected to remain under pressure due to strong loan growth and rising deposit costs, with mid-sized lenders likely to be more affected. According to recent industry data reported in the past week, net interest margins (NIMs) remained flat or declined marginally in the March quarter as competition for deposits intensified. Deposit growth has lagged credit expansion, prompting banks to raise interest rates on term deposits and rely on higher-cost funding sources. While retail loan demand continues to support credit growth, analysts indicated that margin compression could persist in the near term, particularly for lenders with higher reliance on bulk deposits and limited low-cost current and savings account (CASA) bases.Read more

07 May 2026

Shubham Housing Development Finance Company is in discussions to raise around INR 2,000 crore through an initial public offering (IPO), which is likely to be filed in the current financial year. The affordable housing lender has reportedly engaged investment bankers and is evaluating listing plans amid improving demand for housing finance in lower-income segments. Backed by investors including Multiples Private Equity and Accel India, the company has shown steady growth in assets under management and disbursements. The proposed IPO is expected to support capital requirements and expansion in the affordable housing finance segment.Read more

07 May 2026

India’s net direct tax collections grew by 5.12% year-on-year to INR 23.40 lakh crore in FY26, according to data released by the Central Board of Direct Taxes, but fell short of the revised target of INR 24.21 lakh crore. The shortfall follows income tax cuts introduced in the Union Budget, including a higher rebate threshold and revised tax slabs aimed at boosting consumption. Corporate tax collections recorded double-digit growth, while non-corporate tax revenues remained largely flat. Gross collections rose to INR 28.12 lakh crore, with refund outflows marginally lower. The data reflects a mixed trend, with stronger corporate performance offset by moderated personal tax growth amid policy changes.Read more

07 May 2026

Mahindra & Mahindra reported a 48.5% year-on-year increase in consolidated profit after tax for the March quarter of FY26, driven by strong performance in its automotive and farm equipment businesses. The company posted a quarterly profit of INR 5,259.91 crore, supported by a significant rise in revenue to INR 54,891.55 crore. For the full financial year, profit grew over 32% to INR 18,621.71 crore. The board has recommended a final dividend of INR 33 per share. The results reflect sustained demand across key business segments and improved operational performance during the financial year.Read more

07 May 2026

Hyderabad, Bengaluru and Chennai recorded combined sales of 811 ultra-luxury homes priced at INR 10 crore and above during FY26, with total transaction value reaching INR 11,246 crore, according to a report by India Sotheby’s International Realty and CRE Matrix. Hyderabad accounted for the majority of transactions, followed by Bengaluru and Chennai. The report highlights differentiated demand patterns across the three cities, with variations in pricing, unit sizes, and buyer preferences shaping the ultra-premium residential segment in southern India.Read more

07 May 2026

Mumbai registered 14,228 property transactions in April 2026 within the Brihanmumbai Municipal Corporation (BMC) limits, marking a 9 per cent year-on-year increase and the highest April performance in 14 years, according to Knight Frank India. Stamp duty collections crossed INR 1,100 crore, rising marginally by 1 per cent, indicating a shift towards mid-ticket housing. While registrations declined from March’s peak levels, the data reflects sustained end-user demand across primary and secondary markets. The trend highlights stable housing activity in the city, supported by consistent buyer participation despite a high base.Read more

07 May 2026

India’s gross Goods and Services Tax (GST) collections rose 8.7% year-on-year to a record INR 2.43 lakh crore in April, surpassing the previous high recorded a year earlier. Growth was led by a sharp increase in tax revenues from imports, which rose 25.8%, while domestic collections grew at a more moderate pace of 4.3%. After accounting for refunds, net GST collections stood at approximately INR 2.11 lakh crore, reflecting a 7.3% increase. Refunds during the month also recorded a notable rise of 19.3%. The latest data indicates sustained economic activity and strong trade flows, particularly in imports, contributing to higher indirect tax collections at the start of the financial year.Read more

06 May 2026

The Clearing Corporation of India Ltd (CCIL) has been working on developing a platform to facilitate forward trading in government securities, building on a consultation framework it had outlined earlier. The move, highlighted in a recent update, draws from a proposal first issued in August 2021 that detailed trade lifecycle, risk management, and settlement mechanisms for such instruments. The initiative is aimed at enabling customised bond forward transactions in the over-the-counter market, with participation expected from insurance companies and banks, subject to regulatory approvals from the Reserve Bank of India. The framework proposes integration with existing trading and reporting systems, alongside margin-based risk controls.Read more

06 May 2026

US-based consulting firm EisnerAmper is expanding its presence in Mumbai with plans to increase headcount at its Global Capacity Centre (GCC) by 10% over the next three years and raise India’s share of its global workforce to around 30%. The firm has recently opened its second office in the city and committed over USD 5 million towards office space over the next three to five years. With a current GCC workforce of 1,000 employees, the company indicated potential for significant scaling, including a possible doubling of headcount. The expansion aligns with its broader strategy to double global revenue to USD 2.4 billion over the next four to five years, supported by investments in talent, infrastructure and technology.Read more

06 May 2026

WeWork India Management Ltd has expanded its presence in the Delhi-NCR market with the launch of a new co-working centre at Aerocity. The facility spans 1.1 lakh sq ft and offers more than 1,400 desks, taking its total count in the region to 17 centres. The move comes amid rising demand for managed flexible workspaces. Since its inception, the company has grown to 73 centres across eight cities, covering 8.2 million sq ft. Industry data from Colliers India highlights strong momentum, with co-working leasing activity rising sharply during the past quarter.Read more