30 Apr 2026

Small Industries Development Bank of India has raised INR 30.25 billion through a bond issuance with a tenure of three years and three months, priced at a coupon rate of 7.61 per cent. The issue, concluded following a same-day bidding process, attracted participation from institutional investors and reflects sustained demand for high-rated debt instruments. The bonds carry AAA ratings from CARE Ratings and CRISIL, indicating strong credit quality. The fundraising forms part of SIDBI’s ongoing borrowing programme to support lending to micro, small and medium enterprises. The transaction also highlights continued activity in India’s corporate bond market, where financial institutions are accessing capital to diversify funding sources.Read more

30 Apr 2026

IQE has raised USD 17.5 million (GBP 13 million) through a heavily discounted share sale as part of a broader GBP 81 million fundraising plan supported by MACOM Technology Solutions. The issue, priced at a 60 per cent discount, led to a sharp fall in the company’s share price. The wider funding structure includes equity investment, convertible loan notes, and reinvestment by existing noteholders. The transaction remains subject to shareholder approval and regulatory clearances, while also marking the conclusion of the company’s strategic review and strengthening its long-term supply partnership with MACOM.Read more

30 Apr 2026

Embassy Office Parks REIT has announced a distribution of INR 616 crore to unitholders for the March quarter, taking its total payout for FY26 to INR 2,396 crore. The company also disclosed plans to raise up to INR 9,000 crore through debt instruments. During the financial year, it recorded 6.4 million sq ft of leasing activity across 86 deals, supported by demand from global capability centres. Revenue from operations rose 13 per cent year-on-year to INR 4,582 crore, while net operating income increased 15 per cent. The REIT continues to expand its portfolio and strengthen its capital structure across key office markets.Read more

30 Apr 2026

One MobiKwik Systems has received approval from the Reserve Bank of India for a non-banking financial company (NBFC) licence, allowing the firm to expand into regulated lending. The licence will facilitate the launch of a wholly owned subsidiary, MobiKwik Financial Services Private Limited, aimed at offering credit products to consumers and merchants. The approval, granted within a relatively short timeframe, supports the company’s transition towards a broader financial services platform. Leveraging its existing customer base of over 18.6 crore users and digital infrastructure, the company plans to strengthen its lending capabilities, including underwriting, product design, and collections.Read more

30 Apr 2026

UltraTech Cement reported a consolidated net profit of INR 3,000.02 crore for the March quarter of FY26, reflecting growth over the corresponding period last year. Revenue from operations increased to INR 25,799.47 crore, supported by higher sales volumes across housing, infrastructure, and commercial construction segments. The company recorded its highest-ever quarterly sales volumes, with domestic grey cement dispatches rising to 42.41 million tonnes. Full-year profit crossed INR 8,000 crore for the first time, while capacity expansion and acquisitions impacted comparability with the previous year. The company also announced a special dividend, alongside continued progress in diversifying into new business segments.Read more

30 Apr 2026

Land acquisitions for real estate projects across India declined marginally to 2,994 acres in FY26, according to data released by Anarock. A total of 111 transactions were recorded during the year, compared to 143 deals covering 3,071.14 acres in the previous fiscal. Listed developers accounted for nearly half of the activity, securing 1,433 acres across 54 deals, reflecting their growing market share. The acquisitions included outright purchases and joint development agreements, with activity spread across metro and emerging Tier II–III cities. Industry consultants indicated that access to institutional capital and regulatory compliance are increasingly favouring larger, listed players in land aggregation.Read more

29 Apr 2026

Bajaj Housing Finance reported a net profit of INR 669 crore for the March quarter of FY26, reflecting a 14 per cent year-on-year increase, supported by growth in housing loans. Total income rose to INR 2,903 crore, while net interest income increased 15 per cent. The company also reported improvement in asset quality, with gross non-performing assets declining to 0.27 per cent. Assets under management expanded to INR 1.4 lakh crore, marking a 23 per cent annual growth. For the full financial year, net profit rose 18 per cent to INR 2,560 crore, indicating sustained expansion in lending operations.Read more

29 Apr 2026

Bagmane Prime Office REIT is set to launch its INR 3,405 crore initial public offering, with the issue opening for subscription on May 5 and closing on May 7. The offering comprises a fresh issue of INR 2,390 crore and an offer-for-sale of INR 1,015 crore. Proceeds will be used to acquire office assets in Bengaluru, including properties within Bagmane Capital Tech Park and Bagmane Rio Business Park. The REIT holds a portfolio of six Grade A+ office parks spanning over 20 million sq ft, with high occupancy and a tenant base comprising multinational corporations.Read more

29 Apr 2026

Axis Bank’s shares declined after the lender reported slightly weaker-than-expected quarterly earnings, impacted by higher provisions linked to global macro uncertainties. The bank also approved a USD 2 billion equity fundraise, which added to investor caution. While profit saw a marginal decline, a tax writeback related to its Citibank deal helped offset some of the provisioning impact. Market sentiment remained cautious, though analysts indicated that the one-time provision should not be over-interpreted, given the bank’s underlying financial stability and broader growth outlook.Read more

29 Apr 2026

Sales of affordable homes priced below INR 50 lakh declined 23% year-on-year to 16,273 units during the January–March quarter across eight major cities, according to Knight Frank India. The drop has been attributed to reduced new supply amid rising input costs, particularly land. Lower and mid-income segments also recorded declines, while higher-value housing categories saw growth. Overall residential sales fell 4% to 84,827 units, with demand increasingly skewed towards premium housing. The share of homes priced below INR 1 crore reduced to 47%, reflecting affordability pressures and shifting buyer preferences amid rising property prices and global uncertainties.Read more