8 minutes ago

Union Bank of India reported a steady rise in profitability for the March quarter, supported by improved asset quality, even as core income and overall earnings saw a slight decline. The bank’s net profit grew by over 6 per cent year-on-year, while both gross and net NPAs continued to fall. However, lower net interest income and total income indicate margin pressure. The lender has also proposed a dividend for FY 2025–26, subject to shareholder approval. The stock reacted negatively, declining over 6 per cent in intra-day trade.Read more

2 hours ago

Godrej Industries Group plans to list two additional businesses over the next five years as part of a strategy to more than double its market capitalisation to over INR 5 lakh crore. The move follows the group’s recent restructuring after the family business split. The group will invest between INR 5,000 crore and INR 7,000 crore in its unlisted businesses while focusing on strengthening existing verticals rather than diversifying. Currently, its three listed entities account for over INR 1.60 lakh crore in market value, with unlisted businesses contributing an additional INR 25,000 crore. The group is also targeting significant expansion in its financial services arm, alongside maintaining steady growth across consumer, real estate and agri businesses through organic strategies and selective acquisitions.Read more

4 hours ago

Kotak Mahindra Prime raised INR 7 billion through a bond issuance with a tenure of three years and two months during the past week, as part of ongoing activity in India’s corporate debt market. The non-banking financial company secured bids at an annual coupon of 7.74% and invited commitment bids on the same day. The issuance, rated AAA by CRISIL and CARE Ratings, reflects strong investor appetite for high-grade debt instruments. The transaction comes alongside other issuances in the market, including a planned bond sale by Triumph Composites, indicating sustained momentum in corporate fundraising through debt instruments.Read more

6 hours ago

360 ONE Asset has acquired a 13% equity stake in a 7.7 million sq ft commercial development in Bengaluru for INR 1,125 crore through its real assets funds. The investment was made via a primary securities issuance by Arliga Ecoworld Business Parks, with an additional commitment of INR 25 crore. Following the transaction, Brookfield India REIT will hold the remaining 87% stake in the asset. The project, Ecoworld, is a large integrated office campus comprising 15 buildings with a mix of commercial and SEZ spaces. The deal reflects continued investor interest in income-generating office assets in key markets, supported by institutional capital participation and stable leasing demand in Bengaluru.Read more

26 Apr 2026

Knight Frank, in its latest global wealth assessment released recently, reported a turning point in commercial real estate (CRE) markets, with USD 144 billion of institutional capital expected to re-enter in 2026. Private investors, including high net worth individuals and family offices, continued to dominate transactions for the fourth consecutive year, deploying USD 464 billion in 2025 compared to USD 347 billion by institutions. The report highlighted that capital allocation is being driven primarily by pricing, income visibility and supply fundamentals rather than geopolitical or regulatory concerns. It further noted recovery trends across office and retail segments, resurgence in European deal activity, evolving investment strategies in Asia-Pacific, and increasing domestic capital participation in India, which has improved market resilience and attractiveness for global investors.Read more

26 Apr 2026

Smartworks Coworking Spaces Limited has crossed 10 million sq ft of operational workspace, becoming the first listed flexible office provider in India to reach this scale. The milestone follows the launch of its centre at Tata Intellion Park, Mumbai, where a Forbes 2000 company has recently been onboarded. The company reported revenue of around INR 472 crore in Q3 FY26, reflecting a 34% year-on-year increase, with mature centres operating at approximately 93% occupancy. With a total managed portfolio of about 15.3 million sq ft across 63 centres in 15 cities, Smartworks continues to see demand from large enterprises and Global Capability Centres, driven by multi-city expansion needs and long-term workspace commitments.Read more

25 Apr 2026

Sagarmala Finance Corporation is likely to consider a loan of INR 2,000 crore to the Andhra Pradesh Maritime Board for the development of Ramayapatnam and Mulapeta ports. The funding will partly refinance an existing loan from State Bank of India and support ongoing construction. Both ports are part of the state’s plan to expand total cargo handling capacity from about 110 million tonnes to nearly 400 million tonnes. The proposal aligns with the Centre’s Sagarmala programme, which focuses on port-led development and improving logistics efficiency across the country.Read more

25 Apr 2026

Private credit funds saw a significant drop in fresh inflows during the first quarter, reflecting a shift in investor preference. Data from RA Stanger showed that investments from wealthy individuals declined by 45% compared to the same period last year. Concerns around artificial intelligence impacting software-driven businesses and questions on valuation practices influenced sentiment. At the same time, capital moved towards more stable asset classes, with real estate and infrastructure funds recording higher inflows. This trend highlights a broader reallocation strategy among high-net-worth investors seeking long-term stability.Read more

25 Apr 2026

Alankit Limited has entered into a Business Correspondent (BC) agreement with Indian Overseas Bank, taking its public sector banking partnerships to ten and expanding its last-mile financial services network. The arrangement enables the delivery of basic banking services through more than 2,600 BC locations across multiple states, targeting rural, semi-urban and underserved markets. The company’s broader BC operations already span 26 states, supported by over 3,000 business nodes across 673 cities and a customer base exceeding 25 million. With monthly transactions crossing INR 850 crore, the tie-up is positioned to support deposit, payments and enrolment services in areas where branch expansion remains limited, while strengthening access to government-backed financial inclusion schemes.Read more

Gurugram News Desk

25 Apr 2026

A large number of property transactions in Gurugram have come under scrutiny after the Income Tax Department initiated an investigation into deals lacking mandatory PAN disclosures. The probe covers around 2.5 lakh transactions, primarily linked to high-value property registrations where PAN details of buyers or sellers were either missing or improperly recorded. Authorities are examining compliance gaps under reporting norms applicable to real estate transactions above specified thresholds. The development highlights persistent documentation lapses within registration systems and raises concerns around potential tax evasion and data mismatches. Officials are coordinating with local authorities to verify records, reconcile discrepancies, and ensure adherence to financial reporting standards in property transactions.Read more