08 Jul 2025

Whiteland Corporation has awarded INR 2,000 crore in construction contracts to Ahluwalia Contracts and Kalpataru Projects for its premium housing project on Dwarka Expressway. Spread across 20 acres, the project will feature around 1,700 apartments, with 1,400 units launched in the first phase. The developer has partnered with Marriott International to bring Westin Residences to Gurugram, which will manage the upcoming property. The total investment, including land and construction costs, is estimated at INR 5,500-6,000 crore.Read more

07 Jul 2025

MakeMyTrip has repurchased over 3.4 crore Class B shares from China-based Trip.com, reducing the latter's voting power from 45.34% to 16.90%. Following the transaction, three Trip.com-nominated directors resigned from MakeMyTrip's board, in line with the terms of the share issue. The board now comprises ten members, including three management directors, four independent directors, one Mauritius resident director, and two Trip.com-nominated directors. New appointees include Vivek N Gour, Savinilorna Payandi Pillay Ramen, and Group CFO Mohit Kabra. With 95.38 million shares now outstanding, the move marks a significant shift in MakeMyTrip's governance structure and reduces foreign influence in the Nasdaq-listed travel platform.Read more

07 Jul 2025

Unitholders of IRB InvIT Fund have approved the acquisition of 100% equity in three highway SPVs-Hapur Moradabad Tollway, Kaithal Tollway, and Kishangarh Gulabpura Tollway-from IRB Infrastructure Trust, at an enterprise value of INR 8,436 crore. The approval saw 96% support from unitholders. The assets, operating under the build-operate-transfer (BOT) model, will boost IRB Infrastructure Developers' operations and maintenance order book by INR 3,100 crore, bringing the total to INR 33,600 crore. IRB InvIT is the public infrastructure trust arm of IRB Infrastructure Developers, which is India's largest private toll roads and highways developer, with an asset base exceeding INR 80,000 crore across 12 states.Read more

07 Jul 2025

IndusInd Bank has opened its 12th all-women branch in India, located at Saveetha Dental College in Chennai. Spanning 1,300 sq ft, the branch is managed by five women officers and offers a full suite of retail banking services. The initiative aims to create a more inclusive, women-friendly banking environment. Separately, Aadhar Housing Finance launched its first all-women-operated branch in Indore, staffed by nine women. The company plans to open 12 more such branches nationwide this year. Aadhar currently operates 46 branches in Madhya Pradesh, with assets under management of INR 2,750 crore-projected to grow to INR 3,200 crore by the fiscal year-end.Read more

07 Jul 2025

India's fintech sector raised USD 889 million in H1 2025, marking a 26% drop from H2 2024, according to Tracxn. Despite the decline, early-stage funding rose 10% to USD 361 million, signaling investor confidence in innovation-led startups. Seed-stage and late-stage funding fell 27% and 41% respectively. India ranked third globally in fintech funding, behind the US and UK. Bengaluru led with 55% of funds, followed by Mumbai. Notable deals included Groww's USD 150 million acquisition of Fisdom. Top investors included Peak XV, Accel, and Bessemer. Accel led with 34 deals, while Blume Ventures added 7 new companies to its portfolio.Read more

07 Jul 2025

Bank of Maharashtra (BoM) reported a credit growth of 15.36% in Q1 FY26, with total credit reaching INR 2.41 lakh crore, up from INR 2.09 lakh crore in the same quarter last year. The bank also posted a 14.08% rise in deposits to INR 3.09 lakh crore. As a result, its total business grew 14.64% year-on-year to INR 5.46 lakh crore. The CASA ratio improved to 50.07% from 47.86%, indicating a stronger low-cost deposit base. BoM's credit-deposit ratio also rose slightly to 79.04% from 78.17%. These gains reflect robust performance in both lending and deposit mobilization during the April-June 2025 quarter.Read more

07 Jul 2025

Travel Food Services has raised nearly INR 600 crore from 33 anchor investors, including ICICI Prudential, Axis MF, and Abu Dhabi Investment Authority, ahead of its INR 2,000 crore IPO opening on July 7. The IPO, priced at INR 1,045-1,100 per share, is a full offer for sale by promoter Kapur Family Trust, with no proceeds going to the company. Operating under K Hospitality, the firm runs quick-service restaurants and 31 lounges across 14 Indian and 3 Malaysian airports, and recently expanded to Hong Kong. Its portfolio features global brands like KFC and Wagamama alongside Indian chains like Sangeetha and Bikanervala. Listings are planned on NSE and BSE.Read more

07 Jul 2025

New RBI guidelines banning prepayment charges on floating rate loans will impact MSME-focused lenders and those providing loans against property. Released last week, these rules, effective from January 1, 2026, mean regulated entities cannot charge for early repayment on such loans. Lenders may need to adjust business models, exploring fixed-rate structures or upfront pricing to recover costs. While small finance banks, middle layer NBFCs, and urban co-operative banks retain some flexibility for business loans up to INR 50 lakh, the directive aims to standardize practices across the financial sector.Read more

07 Jul 2025

Smartworks Coworking Spaces will launch its INR 583 crore IPO on July 10, with a price band of INR 387-407 per share. The IPO closes on July 14, with anchor bidding on July 9. The fresh issue has been trimmed to INR 445 crore and the offer for sale reduced to 33.79 lakh shares. Proceeds will fund fit-outs, security deposits, loan repayments, and general corporate needs. Specialising in large, tech-enabled office campuses, Smartworks serves mid-to-large companies across cities like Bengaluru, Gurugram, and Mumbai. From FY23 to FY25, it added 2.83 million sq ft of space and recorded 38.98% CAGR in revenue. JM Financial and others are managing the offering.Read more

07 Jul 2025

Global Capability Centres (GCCs) were the biggest contributors to India's office leasing in the past financial year, accounting for 42% of total leasing activity up from 41% previously. They occupied 31.8 million sq ft of office space, recording a 24% year-on-year growth. While the number of deals dipped slightly, the average deal size increased considerably, with large-sized transactions rising 44%. Nearly 43% of this demand came from Fortune 500 companies. The leasing momentum was strongest in Bengaluru, followed by Mumbai, NCR, Pune, and Hyderabad, with sectoral growth led by IT, BFSI, and life sciences.Read more