02 Aug 2025

Arvind SmartSpaces reported a 159% rise in net profit in the first quarter of FY26 compared to the same time last year. Revenue also went up by around 37% year-on-year. However, the company saw a sharp decline in profit and revenue when compared to the previous quarter. Bookings and collections were lower too. Despite this, it maintained strong cash flow and had no net debt. The company plans to launch new projects worth INR 5,000 crore across Gujarat, Bengaluru, and Mumbai Metropolitan Region.Read more

01 Aug 2025

Brigade Hotel Ventures Ltd made its stock market debut with a near 10% discount against its issue price of INR 90, despite strong investor demand during its IPO, which was subscribed 4.48 times. The shares opened at INR 82 on BSE and INR 81.10 on NSE, pulling the company's market valuation to around INR 3,279.94 crore. The IPO, an entirely fresh issue worth INR 759.6 crore, aims to fund debt repayment, land acquisition from parent firm BEL, and strategic initiatives. The firm operates nine hotels across major Indian cities in partnership with international hotel chains.Read more

01 Aug 2025

Embassy Office Parks REIT posted a 15% year-on-year jump in net operating income, reaching INR 871.8 crore in Q1 of the current financial year. It announced a distribution of INR 549.8 crore to unitholders for the April-June quarter, up 4% from last year. Leasing activity was strong, with 2 million sq ft leased-comprising new deals, renewals, and pre-leased space-marking a 9% annual rise. On the leadership front, Ritwik Bhattacharjee stepped down as interim CEO but will stay on as Senior Advisor. Amit Shetty has been named the new CEO and will assume the role from August 2025.Read more

01 Aug 2025

Steel Infra Solutions Company Ltd (SISCOL), an integrated structural steel solutions provider, has filed preliminary papers with SEBI for an Initial Public Offering (IPO). The IPO combines a fresh issue of INR 96 crore and an offer-for-sale of 1.42 crore equity shares. The fresh funds are intended for expanding manufacturing facilities in Vadodara, Hyderabad, and Bhilai, along with supporting working capital needs and general corporate purposes. With an order book of INR 811 crore and consistent growth in revenue and profit, SISCOL aims to strengthen its role in India's large-scale infrastructure projects.Read more

01 Aug 2025

Laxmi India Finance Ltd, a Jaipur-based NBFC, launched its INR 254.26 crore IPO earlier this week, receiving a lukewarm response on the first day with only 37% overall subscription. The offering, priced between INR 150 and INR 158 per share, includes both a fresh issue and an offer for sale by promoters. While retail investors showed better enthusiasm with 60% subscription, institutional and high net-worth categories remained cautious. The company raised over INR 75 crore from anchor investors a day before the issue opened.Read more

01 Aug 2025

Adani Green Energy's shares rose 3% recently following the announcement of its robust financial performance for the first quarter of the current fiscal year. The company reported a significant increase in its net profit after tax, alongside healthy growth in its revenue from operations. This positive momentum is attributed to a substantial rise in the sale of energy, which grew by 54% year-on-year, driven by operational capacity expansion. This strong Q1 performance highlights Adani Green Energy's continued leadership in India's renewable energy sector and its positive trajectory in a market focused on green solutions.Read more

31 Jul 2025

The Bruhat Bengaluru Mahanagara Palike uncovered around 3.7 lakh properties in the city with unpaid property taxes amounting to INR 700-800 crore. Despite reminders and auction notices issued for 6,000-7,000 properties, compliance remains poor. Authorities are now blocking e-khata accounts to stop property transactions until dues are cleared. This enforcement drive is expected to stretch over several months, aiming to recover dues and deter further evasion.Read more

31 Jul 2025

The Reserve Bank of India has introduced a fresh framework limiting how much banks, NBFCs, and All-India Financial Institutions can invest in Alternative Investment Funds. As per the new rules, no regulated entity can invest more than 10 % in any AIF scheme, and total investment from all such entities cannot exceed 20 % of the AIF's corpus. If more than 5 % is invested in a scheme that indirectly funds a borrower of the investor, a 100 % provision will be required. These directions will come into force in early 2025, with previous investments covered under older norms.Read more

31 Jul 2025

Nexus Select Trust reported strong Q1 FY26 performance with net operating income rising 11.65% to INR 460.2 crore and total income up 12% to INR 647.9 crore. Retail tenant sales touched INR 3,300 crore amid steady 97% occupancy. Despite a 14% drop in net profit, the REIT maintained its eighth consecutive full payout of INR 2.23 per unit. Key acquisitions-Vega City, Bengaluru and MBD Ludhiana-showed positive traction. Debt cost dropped to 7.5%, with ample headroom for growth. Operating across 19 Grade-A retail centres in 15 cities, the REIT expects 15% NOI and 10% distribution growth in FY26.Read more

31 Jul 2025

Jamshedpur's registration department will increase benchmark property rates by 10% starting next month, impacting freehold areas like Sonari, Mango, Jugsalai, and Ulyan. This revision will raise stamp duty and registration charges, prompting buyers to possibly expedite deals at current rates. Leasehold areas under Tata Steel, such as Bistupur, Sakchi, and Kadma, remain unaffected, offering more cost-effective options. Officials anticipate a short-term spike in demand for properties registered under existing lower rates and potential rental hikes as owners adjust for higher acquisition costs. The move is part of the state's routine property valuation review and may shift investor focus toward leasehold zones.Read more