26 May 2025

Suzuki Motorcycle India has commenced work on its second Indian manufacturing facility, located in Kharkhoda, Haryana, with an initial investment of INR 1,200 crore. The 100-acre plant will begin operations in 2027, delivering an annual production capacity of 750,000 units in its first phase and generating employment for around 2,000 people. This strategic expansion aims to address growing domestic demand, reinforce the company's commitment to sustainability, and support regional economic development. The facility will adopt energy-efficient and environmentally conscious practices in line with Suzuki's global carbon neutrality goals.Read more

26 May 2025

The Municipal Corporation of Delhi (MCD) has launched a comprehensive house tax amnesty scheme to help property owners clear long-pending dues. Under the scheme, taxpayers only need to pay the principal property tax for the past five years; all interest and penalties will be waived. Arrears dating back to 2004 will also be forgiven. Applicable to both authorised and unauthorised colonies, the scheme offers a No Objection Certificate (NOC) upon payment, simplifying future property dealings. Available until March next year, it aims to boost compliance among Delhi's 3.5 million properties, where only 1.3 million currently pay taxes, and address revenue shortfalls.Read more

26 May 2025

Schloss Bangalore Ltd, which owns and operates Leela Palaces, Hotels & Resorts, is set to launch what could become the largest IPO in India's hospitality sector. The IPO price band has been fixed between INR 413 and INR 435 per share, targeting total proceeds of INR 3,500 crore. The issue comprises a fresh equity issue of INR 2,500 crore and an offer for sale worth INR 1,000 crore by promoter Project Ballet Bangalore Holdings (DIFC) Pvt Ltd. Backed by Brookfield Asset Management, the company plans to utilise the funds to reduce debt and support corporate purposes. It operates a luxury portfolio of 12 hotels under the Leela brand and has shown robust financial growth recently.Read more

23 May 2025

Ravi Infrabuild Projects Ltd, a key player in India's civil infrastructure sector, has filed its draft papers with SEBI to raise around INR 1,100 crore through an Initial Public Offering (IPO). The company, which operates primarily on public sector contracts across several states, plans to use the fresh equity infusion to purchase new equipment, repay debts, and invest in subsidiaries. With a healthy order book exceeding INR 3,000 crore and a solid financial performance in the recent fiscal year, this move is positioned to strengthen its balance sheet and support its expansion strategy amid growing infrastructure demand in India.Read more

23 May 2025

A total of seven companies, including Credila Financial Services, Sri Lotus Developers and Realty, and Euro Pratik, have recently received approval from the Securities and Exchange Board of India (SEBI) to launch their initial public offerings. These firms aim to collectively raise at least INR 3,000 crore through a mix of fresh issues and offers for sale. The companies had filed their IPO papers between October 2024 and January 2025, with SEBI issuing its observations earlier this past week. Each firm has detailed specific fundraising objectives, from debt repayment and project financing to marketing and brand enhancement.Read more

23 May 2025

Man Infraconstruction recorded a remarkable growth of over 50% in its consolidated net profit for the quarter ended March 2025, aided by a significant reduction in expenses. The company reported a net profit of INR 97.15 crore, a substantial jump from INR 64.65 crore during the corresponding period of the previous fiscal. Despite a marginal decline in total income to INR 327.83 crore, the cost-cutting measures, which brought expenses down to INR 194.81 crore, played a pivotal role in this earnings improvement. The board has also announced an interim dividend for the ongoing financial year.Read more

23 May 2025

Pod hotel startup Naptapgo has raised INR 2 crore in the pre-seed funding from Inflection Point Ventures to accelerate franchise growth, tech upgrades, marketing, and customer experience. Founded by Nitin Malhotra and Himanshu Shukla, Naptapgo offers affordable luxury through compact, sustainable stays with flexible check-ins and hourly booking. With plans to expand to 20 properties by FY27 across NCR, Bangalore, Mumbai, Katra, and Amritsar, it has achieved 65% direct bookings via website and WhatsApp. Recognized as 'Franchisable Concept of the Year 2024,' it also earned support from Balmer Lawrie and Anand Mahindra, targeting the USD 1300 billion global hospitality market.Read more

22 May 2025

India's real estate market continues to demonstrate cautious optimism, as revealed in the latest Real Estate Sentiment Index by Knight Frank and NAREDCO. Although both current and future sentiment scores dipped marginally in Q1 2025 compared to the previous quarter, the industry remains in the positive zone. While developers and financial institutions foresee stability or growth in residential prices and project launches, global uncertainties have slightly tempered expectations regarding sales. Nevertheless, the sector remains resilient and focused on long-term momentum amid a dynamic global economic backdrop.Read more

22 May 2025

The Reserve Bank of India (RBI) has proposed easing certain norms governing investments by banks, NBFCs, and other regulated entities (REs) in Alternative Investment Funds (AIFs). This comes after regulatory actions taken in December 2023, aimed at curbing potential evergreening through AIFs, were found to have instilled financial discipline. The revised draft directions suggest allowing REs to invest up to 5% of a scheme's corpus freely, capping individual contributions at 10% and collective exposure at 15%. Provisions will be mandatory in specific cases of downstream debt investments. SEBI has also issued complementary due diligence requirements.Read more

22 May 2025

India's leading real estate developer by market capitalisation, DLF Ltd, has reported a 39% year-on-year jump in consolidated net profit for the final quarter of the previous fiscal, reaching INR 1,282 crore. This impressive performance was supported by a substantial rise in revenue, which climbed to INR 3,347.77 crore during the January-March quarter. For the full financial year, the company's net profit rose to INR 4,366.82 crore, up from INR 2,723.53 crore the year before, while total income grew by nearly 29%. The board has recommended a dividend of INR 6 per equity share, subject to shareholder approval, reinforcing investor confidence.Read more