21 Aug 2025

EFC India, a provider of managed office infrastructure and design services, has begun trading on the National Stock Exchange after being listed on BSE. The move is expected to improve liquidity, strengthen investor trust, and widen the company's reach. In its recent quarterly results, the firm reported nearly 200% profit growth, with operating revenue more than doubling. Seat capacity crossed 60,000, supported by rising demand from sectors such as IT/ITeS, BFSI, and e-commerce. With a strong order book, including a new INR 57 crore fit-out contract, the company is positioned for steady expansion.Read more

21 Aug 2025

Inox Wind Ltd. has announced a record-breaking performance for the first quarter of the fiscal year, posting its highest-ever profit after tax of INR 97 crore. The robust financial results were driven by a 32% year-on-year surge in revenue, reaching INR 863 crore, and strong operational execution. The company successfully executed 146 MW of projects during the quarter and maintained a diversified order book of approximately 3.1 GW, ensuring strong revenue visibility for the next two years. The positive results, combined with a recent corporate merger and the commissioning of new manufacturing units, highlight the company's strengthened position in India's expanding wind energy market.Read more

20 Aug 2025

The Telangana Housing Board conducted an online auction for over 7.5 acres of land in Kukatpally Housing Board colony, Hyderabad expecting to generate around INR 500 crore. The base price was set at INR 40 crore per acre, and the auction attracted active participation. In addition, 618 incomplete 3-BHK flats located in Pocharam and Gajularamaram are also being auctioned. The housing board has already earned more than INR 300 crore from earlier sales of open plots and Rajiv Swagruha flats, and the funds are being directed to affordable housing projects and the Indiramma scheme.Read more

20 Aug 2025

KVN Properties, a new real estate firm founded by former Prestige Estates CEO Venkat K Narayana, is in discussions to raise INR 1,000 crore from Kotak Realty Fund. The proposed fundraise, to be secured through the issue of debentures, is aimed at acquiring a portfolio of land parcels with development potential across India. The company, which has already finalized joint ventures with leading developers like Puravankara and Assetz Group in Bengaluru, aims to have a land bank with a gross development value (GDV) of over INR 4,300 crore. The fund will enable KVN Properties to capitalize on the strong demand in India's residential and commercial real estate sectors and expand its footprint through a joint development model.Read more

20 Aug 2025

Gem Aromatics Ltd, a maker of special ingredients for consumer and personal care products, saw its INR 451 crore public offering get fully bought up on its first day of bidding on August 19. The public offering, which has a price range of INR 309 to INR 325 per share, received bids for 1.03 times the shares on offer, with a lot of interest from both individual and institutional investors. The company plans to use the money mostly for paying back debt and for general company needs. This good demand shows investor trust in the specialty chemicals sector, a key part of India's growing economy, and Gem Aromatics' strong market spot as a specific type of player with many different clients, including industry leaders like Dabur and Colgate-Palmolive.Read more

20 Aug 2025

The initial public offering (IPO) of Shreeji Shipping Global Ltd, a provider of dry bulk cargo solutions, received a healthy subscription of 2.13 times on its first day of bidding on Tuesday. The INR 411-crore share sale saw robust interest from non-institutional and retail investors, with the Qualified Institutional Buyers (QIB) portion also fully subscribed. The IPO, which has a price band of INR 240-252 per share, is a fresh issue with no offer-for-sale component. The company plans to use the largest part of the IPO funds to purchase "supramax" dry bulk carriers. This strategic investment is intended to expand its fleet and take advantage of the growing maritime logistics sector in India. The public can subscribe to the IPO until August 21.Read more

20 Aug 2025

SEBI's Secondary Market Advisory Committee (SMAC) met this week to review proposals aimed at strengthening India's trading ecosystem. Key discussions included revising broker position limits in equity derivatives, with a plan to raise end-of-day index futures limits from INR 500 crore to INR 1,500 crore and add a new intraday cap of INR 2,500 crore. Governance reforms for Market Infrastructure Institutions were also discussed, including appointing two independent Executive Directors to oversee compliance and operations, and linking top officials' variable pay to accountability standards. Other proposals included refining IPO price discovery mechanisms and introducing systematic withdrawal and transfer options for mutual fund investors.Read more

20 Aug 2025

REA India, the company behind platforms like Housing.com and Makaan.com, has reported a strong financial year, with revenue growing by 25% to INR 711 crore for the fiscal year ending June 2025. The company also significantly reduced its EBITDA loss, signaling a clear path towards profitability. This performance is driven by the company's decision to move away from the full-stack real estate model. REA India's recent divestment of its housing brokerage arm, PropTiger, to Aurum PropTech for INR 86.45 crore, will allow it to focus on scaling its core technology platforms. The move aims to capitalize on the sustained demand for residential properties and solidify its position in the rapidly evolving Indian real estate technology market.Read more

20 Aug 2025

The total assets under management (AUM) of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) in India witnessed significant growth, nearly touching USD 94 billion in the past fiscal year, compared with USD 42.1 billion recorded in 2019-20, as highlighted in a recent report by Knight Frank. With five REITs and 17 InvITs now listed on Indian stock exchanges, the market capitalisation of these instruments stood at USD 33.2 billion by the end of July 2025.Read more

20 Aug 2025

Nagpur Municipal Corporation's Nuisance Detection Squad has been actively penalizing individuals and builders for illegal dumping of construction materials, such as sand, gravel, and cement, on public roads and footpaths. Despite imposing fines averaging INR 12.42 lakh per month, the issue persists, with certain zones like Laxmi Nagar and Hanuman Nagar recording the highest number of violations. The ongoing encroachment of public spaces continues to cause pedestrian inconvenience and traffic congestion.Read more