17 Jun 2025

Raymond Ltd has announced that Raymond Realty Ltd, its real estate arm, will be listed on Indian stock exchanges in Q2 of the current financial year. The move follows a completed demerger, effective from May, which grants Raymond shareholders one share in Raymond Realty for each share held. With property sales reaching INR 2,310 crore last year, the realty division now operates as a standalone entity. This follows a similar listing of Raymond's lifestyle business in 2024. Backed by strong profits and a strategic focus on core sectors, the group aims to unlock value and strengthen its position in India's growing property market.Read more

17 Jun 2025

ArisInfra Solutions Ltd, a tech-driven B2B firm in construction material procurement, is launching its IPO next week with a price band of INR 210-INR 222 per share. The issue, comprising only fresh equity shares worth INR 499.6 crore, values the company at nearly INR 1,800 crore. Funds will be used to boost working capital, invest in subsidiary Buildmex-Infra, acquire partial stakes in ArisUnitern Re Solutions, repay debt, and meet general expenses. The company has delivered over 10.35 million metric tonnes of materials through 1,458 vendors across 963 pin codes. Shares will list shortly after the issue, with JM Financial, IIFL Securities, and Nuvama as lead managers.Read more

16 Jun 2025

SEBI is planning a digital framework to safeguard investors from rising cyber frauds, introducing a centralised investor risk reduction access system. This initiative, revealed during a public consultation, aims to limit exposure to fraudulent online activities, particularly those related to depositories and brokers. It proposes blocking compromised accounts, securing investor credentials, and preventing simultaneous login attempts. SEBI's draft outlines how the system will respond in case of a breach, and feedback from stakeholders has been invited to finalise its structure.Read more

13 Jun 2025

Indian Renewable Energy Development Agency (IREDA), a state-owned financial institution under the Ministry of New and Renewable Energy, has successfully raised over INR 2,000 crore through a Qualified Institutional Placement (QIP). The issue was open for subscription from domestic and foreign institutional investors, including banks, insurers, and foreign portfolio investors, and received bids worth INR 2,005.90 crore, overshooting the base size of INR 1,500 crore. The capital raised will boost IREDA's tier-I capital and improve its capital adequacy ratio, enhancing its ability to fund renewable energy initiatives nationwide.Read more

13 Jun 2025

Invest UP recently held a high-profile Global Capability Centres (GCC) conclave in Lucknow, unveiling its GCC Policy-2024 aimed at transforming Uttar Pradesh into a top destination for international GCCs. The one-day event attracted around 20 major firms including Microsoft, TCS, HCL, Standard Chartered Bank, and Trident who committed to expanding operations and new centres. Officials underscored UP's advantages: skilled young workforce, competitive costs (living and business), robust infrastructure and digital ecosystem, and incentive-rich policies. Investment roadmaps were discussed, including future conclaves in Bengaluru, Chennai, and Hyderabad, plus international roadshows to attract global capital.Read more

13 Jun 2025

Global asset manager Blackstone has received approval from India's Competition Commission to invest INR 1,167 crore in Kolte-Patil Developers through its affiliate BREP Asia III India Holding Co VII. The investment includes a preferential issue of over 12.6 million shares worth INR 417 crore and a secondary purchase of promoter holdings valued at INR 750 crore, securing an initial 40% stake. A voluntary open offer may increase Blackstone's holding to 66%. As part of the deal, Blackstone will be reclassified as a promoter and share control with Kolte-Patil's current leadership. This marks Blackstone's formal entry into India's residential real estate sector, expanding its existing INR 50 billion portfolio in office, retail, logistics, hospitality, and data centres. Kolte-Patil recently reported a Q4 net profit of INR 66 crore on INR 723 crore in revenue. The partnership is seen as a strategic step that could reshape residential real estate investment dynamics in India.Read more

13 Jun 2025

SEBI has introduced a three-month settlement window for stock brokers involved in potential algorithmic trading violations. This applies to brokers who used third-party algo tools without approval or allowed client-side execution in breach of regulations. To qualify, brokers must admit default and pay penalties, with exclusions for those with prior SEBI penalties or ongoing cases. The move supports SEBI's ongoing efforts to regulate tech-driven trading and enforce stronger compliance standards. In a separate directive, SEBI has mandated that all legacy Venture Capital Funds (VCFs) transition to the Alternative Investment Fund (AIF) framework by mid-2025. A one-year grace period has been allowed for liquidation of expired schemes, after which no extensions will be granted. The AIF structure, introduced in 2012, offers enhanced oversight and transparency, and is now considered essential for managing India's evolving investment ecosystem.Read more

12 Jun 2025

Reliance Infrastructure is ambitiously expanding its defence division, focusing on aircraft upgrade programmes that could unlock an INR 5,000 crore opportunity in the coming 7 to 10 years. As the first private Indian firm to independently execute comprehensive aircraft upgrades without original manufacturer involvement, the company has already upgraded 55 Dornier-228 planes under a contract with Hindustan Aeronautics Ltd, collaborating with US avionics specialist Genesys. The upgraded aircraft now serve the Indian Air Force, Navy, and Coast Guard. With the global military aircraft upgrade market growing rapidly and India's ageing fleet demanding modernisation, Reliance's strategic move aligns with 'Atmanirbhar Bharat' and positions it strongly in a lucrative, evolving sector.Read more

12 Jun 2025

Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd, has successfully crossed the INR 1,000 crore milestone in disbursements from non-southern markets during the latest financial year. Traditionally strong in South India, the company has expanded its reach into Maharashtra, Rajasthan, Madhya Pradesh, and Chhattisgarh, with non-south markets now contributing about 20% of total disbursements. This growth is driven by branch expansions, staff increases, and targeted focus on emerging Tier II and III towns outside the southern region. The company anticipates further growth in these regions, projecting INR 1,500 crore in disbursements in the ongoing financial year.Read more

12 Jun 2025

Mysuru City Corporation (MCC) has collected over INR 150 crore in property tax within just the first two months of FY 2025-26, achieving 63% of its annual target of INR 237 crore. The boost came from a 5% rebate scheme incentivising early taxpayers, which remains active until the end of June. With 1.95 lakh revenue-generating properties across 65 wards, MCC's strategic drive is expected to significantly enhance civic infrastructure and financial planning in the months ahead.Read more