05 May 2026

Co-working space operators across India are encountering increased regulatory scrutiny over Goods and Services Tax (GST) registrations, as authorities tighten compliance requirements for flexible workspace models. The issue centres on classification of services, multiple locations under single registrations, and the applicability of GST across shared office formats. Industry participants have reported delays and challenges in obtaining or maintaining registrations, particularly where business structures involve sub-leasing or managed office arrangements. The development comes at a time when co-working demand is expanding across major cities, raising operational concerns for operators navigating evolving tax interpretations.Read more

05 May 2026

IDBI Bank reported a 5 per cent decline in its net profit for the March quarter of FY 2025–26, even as its total income and core interest income showed growth. The bank’s profit stood at INR 1,943 crore compared to INR 2,051 crore in the same period last year, mainly due to lower operating profit. However, asset quality improved with a decline in gross non-performing assets, while capital adequacy strengthened further. For the full financial year, the bank recorded a healthy rise in net profit and steady improvement in income levels and balance sheet strength.Read more

05 May 2026

Power Grid Corporation of India has approved a plan to raise up to INR 4,000 crore through an unsecured rupee term loan or credit line from State Bank of India. The decision, cleared by the company’s board, is part of its funding strategy to support ongoing and upcoming projects. As India’s largest power transmission utility under the Ministry of Power, Powergrid continues to rely on institutional funding to strengthen its infrastructure network. The move reflects steady capital planning amid rising investments in transmission capacity across the country.Read more

05 May 2026

Adani Ports and Special Economic Zone reported a 9.43 percent rise in its consolidated net profit for the March quarter of FY26, supported by higher overall income. The company posted a net profit of INR 3,308.30 crore compared to INR 3,023.10 crore in the same period of the previous year. Total income increased significantly to INR 11,489.45 crore from INR 8,769.63 crore, while expenses also moved up to INR 7,937.66 crore. For the full FY26 period, net profit stood at INR 12,782.03 crore versus INR 11,061.26 crore in the prior year.Read more

05 May 2026

Strata has exited an industrial asset in Bengaluru through a transaction valued at approximately INR 35 crore, completing a profitable investment cycle. The exit, executed in the past week, reflects continued investor interest in income-generating industrial and warehousing assets. The transaction underscores the growing role of fractional ownership platforms in facilitating entry and exit opportunities for investors, while highlighting sustained demand for Grade A industrial real estate in key logistics and manufacturing hubs.Read more

05 May 2026

Apartment prices across seven major Indian cities increased in the recent January–March period, rising between 8–20 per cent on a year-on-year basis, driven by higher input costs and stronger demand for premium housing. Apartment sales also grew 8 per cent to 70,631 units compared to the same period last year, while new supply increased 13 per cent. Demand remained stronger in the higher price segment above INR 1 crore, even as affordable housing sales declined. Market participants noted that while demand remains steady, buyers are becoming more selective amid cost pressures and economic uncertainty.Read more

04 May 2026

Federal Bank has announced the acquisition of a portion of Standard Chartered Bank’s credit card portfolio in India to strengthen its presence in major urban markets. The portfolio includes up to 4.5 lakh credit cards, which will be added to Federal Bank’s existing base of non-co-branded and co-branded cards. The deal is expected to significantly boost the lender’s credit card receivables and expand its footprint across top cities. Standard Chartered, meanwhile, is streamlining its focus towards affluent, multi-product customer relationships while continuing its presence in the credit card segment.Read more

04 May 2026

Mindspace Business Parks REIT is planning to raise INR 5 billion through a 10-year bond issuance, according to market sources. The company has invited bids from bankers and investors, with the issue expected to be finalised in the coming week. The bonds are proposed to carry a AAA rating from CRISIL, indicating strong credit quality. The fundraising reflects continued access to debt markets by office REITs to support capital requirements, refinance obligations, and optimise funding costs amid stable leasing activity in key commercial markets.Read more

04 May 2026

Smartworks Coworking Spaces Ltd reported a turnaround in profitability, posting a consolidated net profit of INR 16.62 crore for the latest quarter of the current fiscal period, compared to a loss of INR 8.3 crore in the same period a year ago. The company also recorded a 47% rise in total income to INR 532.70 crore for the quarter. For the full financial year, Smartworks moved into profit with INR 10.52 crore, supported by higher occupancy demand and expansion of managed office spaces. Its annual income rose to INR 1,849.9 crore, reflecting steady growth in the flexible workspace segment.Read more

04 May 2026

Edelweiss Financial Services has reported a decline in its consolidated net profit for the latest March quarter, falling 16.65% to INR 132 crore compared with INR 158.32 crore in the same period last year. The company also saw its total income reduce to INR 1,969.28 crore from INR 2,343.26 crore a year earlier. Despite quarterly pressure, the firm recorded stronger full-year performance with higher profit and income. The board has proposed a dividend of INR 1.50 per share, subject to approval at the upcoming annual general meeting. Its alternatives arm is progressing towards an IPO.Read more