29 Aug 2025

At its recent State Investment Promotion Board meeting, Andhra Pradesh approved 30 projects with a total investment of INR 53,922 crore, projected to generate over 83,000 jobs. Key approvals included proposals from HFCL, Apollo Tyres, Dhirubhai Ambani Green Tech Park, and Serentika Renewables. Chief Minister N Chandrababu Naidu highlighted his intent to closely monitor implementation, promote food processing and horticulture, and strengthen MSMEs through innovation hubs.Read more

29 Aug 2025

Grounded airline Jet Airways has signed a definitive agreement to transfer the lease of its Bandra-Kurla Complex (BKC) corporate office in Mumbai for INR 370.25 crore as part of its liquidation process. The lease will be assigned to Parthos Properties Pvt Ltd, subject to approval from the Mumbai Metropolitan Region Development Authority (MMRDA). Conducted under the Insolvency and Bankruptcy Code (IBC), the sale marks an important step in monetizing Jet's assets to repay creditors. Once India's premier private airline, Jet suspended operations in April 2019 after financial collapse, and a failed resolution plan eventually led to a Supreme Court-ordered liquidation in 2024.Read more

29 Aug 2025

Shares of Patel Retail, a Mumbai-based supermarket player, listed with a premium of nearly 20% on the BSE and NSE on Tuesday, August 26, 2025. This strong debut, which saw the stock open at INR 305 on the BSE, came despite the broader market trading in negative territory. The INR 242.76 crore Initial Public Offering (IPO), which was subscribed 95.70 times, will help fund the company's working capital needs and debt repayment. Patel Retail, which operates in Thane and Raigad districts, aims to use the fresh capital to expand its footprint in the region.Read more

28 Aug 2025

The Greater Chennai Corporation (GCC) has streamlined its property tax system for 2025, encouraging homeowners to utilize a new, user-friendly online portal for payments. This initiative is part of a broader digital governance push to enhance transparency and improve tax collection efficiency. By using the official website (tnurbanepay.tn.gov.in), residents can conveniently pay dues, track payment history, and even apply for property assessments, all from the comfort of their homes.Read more

28 Aug 2025

Sattva Engineering Construction, an ISO-certified EPC company specializing in water and wastewater infrastructure, has launched its Initial Public Offering (IPO) on August 26, 2025. The company aims to raise INR 35.38 crore at a price band of INR 70-75 per share, with the funds intended for working capital and general corporate purposes. The IPO is a key milestone for Sattva, which has executed over 50 projects and has a current order book of INR 308.09 crore. This move is aimed at enabling the company to scale operations and capitalize on growing demand from government initiatives such as the Jal Jeevan Mission and AMRUT.Read more

28 Aug 2025

Altum Credo Home Finance, a housing finance company catering to first-time homeowners from low-income groups, has raised INR 170 crore in equity funding from British International Investment. The infusion will support geographical expansion across India and improve the company's IT and digital infrastructure. Altum Credo indicated that this development would enhance operational efficiency, strengthen customer engagement, and reinforce its digital delivery channels.Read more

27 Aug 2025

Sammaan Capital has successfully raised USD 300 million through its first international bond issuance since adopting its new brand identity. The three-year senior secured social bonds carry a coupon of 8.95 per cent, with interest payable semi-annually. The proceeds will be channelled into onward lending and sustainable financing under the Reserve Bank of India's ECB framework. The company is also preparing to raise an additional USD 500 million from a multilateral agency, aiming to increase international borrowings to 10-15 per cent of its overall funding structure in the coming year.Read more

27 Aug 2025

In a strategic deal, asset management firm 360 ONE Asset has acquired a 50% stake in Bluegrass Business Park from Brookfield Asset Management for an enterprise value of approximately INR 2,400 crore. This investment, which was completed in late August 2025, reflects growing investor confidence in India's commercial real estate sector. The acquisition gives 360 ONE Asset exposure to a two million sq ft office development in Kalyani Nagar, Pune, strengthening its real assets platform and marking its first partnership with a major global institutional investor in the real estate sector.Read more

27 Aug 2025

The Ranchi Municipal Corporation (RMC) has issued a strict directive to the city's top 500 property tax defaulters, demanding that they clear outstanding dues within ten days. The civic body has warned of legal action under the Jharkhand Municipal Act if payments are not made. Officials described the announcement as a last opportunity for chronic offenders, adding that repeated defaults weaken civic services and slow urban development. The RMC highlighted that property tax remains its primary source of revenue and warned that further negligence would invite stringent recovery measures.Read more

27 Aug 2025

Square Yards reported a 45 per cent increase in revenue to INR 378 crore for the June quarter, compared with INR 260 crore in the same period last year. EBITDA reached INR 4.4 crore, and gross profit rose to INR 70 crore. The company facilitated over 55,771 transactions with a Gross Transaction Value of INR 18,480 crore. Revenue growth was seen across real estate brokerage (36 per cent), financial services (60 per cent), and home renovation (21 per cent). CEO Tanuj Shori highlighted that the results demonstrate the strength of the company's operating model and the effectiveness of its diversified business approach.Read more