14 Jul 2025

The central government has granted tax-saving status to IREDA Ltd.'s bonds under Section 54EC of the Income Tax Act, effective July 9, 2025. This allows investors to save capital gains tax up to INR 50 lakh on five-year redeemable bonds. The initiative aims to facilitate low-cost fundraising for renewable energy projects that can self-service debt. It strengthens India's renewable energy financing ecosystem, contributing to the nation's 500 GW non-fossil fuel capacity target by 2030.Read more

13 Jul 2025

The Indian Venture and Alternate Capital Association (IVCA) will host its inaugural Renewable Energy Summit 2025 on July 15 in Mumbai. Organized with Avendus, EAAA Alternatives, and Singularity Capital, the summit aims to accelerate capital deployment and public-private collaboration in India's clean energy sector. Amidst India's non-fossil fuel power capacity reaching 44%, the event will convene global and domestic investors, policymakers, and entrepreneurs. Discussions will cover clean power finance, renewable energy's role in EVs and AI, energy storage innovations, and policy. The summit highlights India's position as a top destination for clean energy investments.Read more

13 Jul 2025

NABARD Chairman Shaji KV announced that the IT integration of Regional Rural Banks (RRBs), following the recent amalgamation under the 'One State One RRB' framework, is slated for completion by mid-September. With 28 RRBs now operational across 26 states and 2 Union Territories, efforts are underway to build a common digital infrastructure to better serve rural India. NABARD is digitising agri value chains, enabling blockchain-based crop traceability, and enhancing financial access through business correspondent networks. It is also supporting new tech stacks for agriculture, fisheries, and cooperatives, with 70,000 cooperatives already digitised.Read more

11 Jul 2025

Bain Capital has reduced its holding in Embassy Office Parks REIT by offloading a 1.87% stake for INR 691 crore through an open market transaction. The US-based firm's affiliate, APAC Company XXIII, sold over 1.78 crore units at an average price of INR 388 each. This move follows Embassy REIT's recent fundraise of INR 1,550 crore via debentures and bank loans aimed at refinancing debt. The REIT currently operates a 51.1 million sq ft portfolio of commercial office spaces across major Indian cities.Read more

11 Jul 2025

The Gujarat government will receive 50% of the revenue from the sale of development rights for a 4,420 sq m plot on the Sabarmati Riverfront, generating INR 156.13 crore. This is mandated by a 2004 agreement for state-owned land. The Sabarmati Riverfront Development Corporation Ltd. (SRFDCL) approved the sale. The land disposal policy, updated in October 2023 and January 2024, uses value zones based on the GIFT City model. One previous auction was successful, while another was canceled due to a single bid, amid discussions about alleged plan changes favoring a bidder.Read more

10 Jul 2025

Smartworks Coworking Spaces has garnered INR 173.64 crore from anchor investors prior to launching its IPO, with shares allotted at INR 407 each. Of the total 42.66 lakh shares allocated, over 32% were subscribed by domestic mutual funds including Tata Mutual Fund, Baroda BNP Paribas, and Trust Mutual Fund. The IPO, sized at INR 583 crore at the upper price band, aims to raise INR 445 crore through fresh issue, with INR 226 crore earmarked for fit-out-related capital expenditure and INR 114 crore for loan repayments. Despite recent net losses, the company reported significant revenue growth in FY 2024-25.Read more

10 Jul 2025

Prestige Estates Projects Ltd. reported a four-fold jump in sales bookings, reaching a record INR 12,126.4 crore in Q1 FY26, compared to INR 3,029.5 crore a year ago. The company sold 4,718 units, covering 9.55 million sq ft, a 234% annual increase. This record performance was largely driven by its new project in Ghaziabad, The Prestige City, Indirapuram, which sold about 80% of its inventory at launch. The Bengaluru-based firm aims to maintain this momentum, building on its pipeline of 130 projects spanning 203 million sq ft.Read more

10 Jul 2025

The Nashik Municipal Corporation (NMC) collected INR 100 crore in property tax during the first quarter of FY26 (April-June), a slight decrease from INR 106 crore in the same period last year. This collection was aided by rebates ranging from 3% to 8% for prompt payments, ending July 31. Despite changes in strategy, including not sending messages and appointing private agencies for bill distribution this year, NMC reached the collection mark. The corporation aims for a higher annual target of INR 275 crore in FY26, following INR 256 crore collection in FY25.Read more

10 Jul 2025

Lodha Developers Ltd. has raised INR 300 crore by issuing non-convertible debentures on a private placement basis for business growth. Approved by the Board's executive committee on Tuesday, the debentures carry a 7.96% interest rate and will be redeemed at par after three years. The Mumbai-based firm, a leading real estate company, plans to list these debentures on the BSE's Wholesale Debt Market. This move aligns with its strategy to fund development across housing, commercial, and warehousing projects in key markets like MMR, Pune, and Bengaluru.Read more

10 Jul 2025

TVS Industrial & Logistics Parks has listed its Infrastructure Investment Trust, TVS Infrastructure Trust, on the National Stock Exchange, raising over INR 1,300 crore through a mix of fresh issue and offer-for-sale. The InvIT has been anchored by prominent global and domestic investors, including the International Finance Corporation (IFC) and L&T. It comprises a seeded portfolio of 11 million sq ft of warehousing and industrial assets valued at around INR 3,000 crore. This marks IFC's first equity investment in an Indian warehousing InvIT.Read more