31 Jan 2026

Sankla Buildcoon, through its clean energy arm Sankla Renewables, has signed a memorandum of understanding with the Government of Maharashtra to develop a large-scale Sustainable Aviation Fuel (SAF) manufacturing facility at Chalisgaon in Jalgaon district, involving an investment of INR 15,000 crore. Formalised on the sidelines of the World Economic Forum in Davos, the agreement marks the group's strategic expansion from real estate into infrastructure-grade clean energy assets. The proposed project will convert agricultural residues into aviation-grade fuel using internationally certified technologies and will be commissioned in phases through 2029. Designed in line with global ESG benchmarks, the initiative aligns with India's energy security and aviation decarbonisation goals while creating structured rural income opportunities and employment across the value chain.Read more

31 Jan 2026

Proptech platform Houssed.com has expanded its footprint to 33 cities across India, strengthening its position in the country's rapidly digitising residential real estate market. The platform now hosts more than 50,000 verified property listings and has facilitated transactions worth over INR 100 crore, signalling growing adoption among both homebuyers and developers. The company works with over 10,000 developers and operates through a network of 500 trained associates to support buyers across markets. Houssed.com plans to extend operations to 10 additional cities in the next phase of growth, alongside investments in artificial intelligence-led tools aimed at improving data accuracy, transparency and property discovery. The expansion reflects increasing demand for verified, technology-driven platforms in India's real estate ecosystem, particularly beyond the top metropolitan markets.Read more

30 Jan 2026

ITC Ltd reported a marginal increase in consolidated profit for the third quarter of FY26, despite higher exceptional expenses linked to the implementation of new labour codes. The diversified conglomerate posted a net profit of INR 5,018.45 crore for the October-December period, slightly higher than the previous year. The company recorded exceptional losses of INR 354.58 crore, primarily due to higher liabilities for gratuity and compensated absences following changes in wage definitions notified by the government from November 2025. Excluding exceptional items, profit before tax showed steady growth, supported by improved operating performance across key businesses. Revenue growth was led by the FMCG segment, including cigarettes, along with stable performance in agri, paperboards and other segments. The board also announced an interim dividend for FY26.Read more

30 Jan 2026

Housing and Urban Development Corporation (HUDCO) has reported a marginal decline in consolidated net profit for the December quarter of FY26, weighed down by a sharp rise in expenses despite higher income. The state-owned lender posted a profit of INR 713 crore, slightly lower than the year-ago period, even as its total income recorded a strong year-on-year increase. Expenditure during the quarter rose substantially, impacting overall profitability. Alongside its financial performance, HUDCO's board approved a third interim dividend for FY26 and cleared an expansion of the company's annual borrowing programme to support future lending activities. The move reflects sustained demand for funding in housing and urban infrastructure segments, which remain the core focus areas for the public sector financier.Read more

30 Jan 2026

Adani Power posted a consolidated net profit of INR 2,488 crore for the December quarter of FY26, marking a year-on-year decline of over 15 per cent due to lower one-time income. Revenue fell to INR 12,717 crore amid lower tariffs and other income. Power sale volumes rose marginally despite monsoon-related demand disruptions. The company secured a 3,200 MW long-term power purchase agreement from Assam's discom and said nearly half of its 23.7 GW expansion pipeline is now tied up under long-term contracts.Read more

30 Jan 2026

Turtlemint Fintech Solutions is preparing for a Rs 2,000 crore IPO, including a fresh equity issue of INR 660.7 crore and an offer-for-sale of over 28.6 million shares by existing shareholders. The funds will be used to enhance infrastructure, support technology and product teams, meet lease payments, and finance growth initiatives including acquisitions. Founded in 2015, Turtlemint has sold 1.6 crore policies and processed over 90 crore claims, connecting insurers, advisors, and consumers on a unified platform. The IPO follows Sebi approval and reflects growing investor interest in insurtech offerings.Read more

30 Jan 2026

Shadowfax Technologies Ltd, a leading logistics service provider in India, saw its shares list at a discount of around 9% compared to its IPO price. The stock opened at Rs 113 on BSE and Rs 112.60 on NSE, marking a decline from the issue price of Rs 124. The company's IPO, subscribed 2.72 times, included a fresh issue worth INR 1,000 crore and an Offer-for-Sale of INR 907.27 crore. Backed by major investors like Flipkart and TPG, Shadowfax plans to use funds to expand network infrastructure, enhance operations, marketing, and support acquisitions.Read more

Bangalore News Desk

30 Jan 2026

Morgan Stanley Advantage Services has leased nearly 160,000 sq ft of Grade-A office space at Bengaluru's Ecoworld business park, with an annual rental obligation of around INR 23 crore. The five-year lease, effective earlier this year, includes a security deposit of INR 11.88 crore and a 15% rent escalation every three years. The office is expected to be operational by May. This expansion reflects Morgan Stanley's continued growth in India and sustained demand for premium office spaces from multinational financial services and technology firms in the Outer Ring Road corridor.Read more

30 Jan 2026

The Airports Authority of India has outlined a capital investment plan of INR 15,000 crore to modernise air traffic control automation, navigation systems, and technical infrastructure across its airport network by the end of 2028. The roadmap follows a detailed assessment of airport systems, including their age and remaining operational life. The investment will be funded entirely through internal accruals. AAI expects to report revenue of INR 22,000 crore in the current financial year, matching last year's figure, which included a one-time gain.Read more

Gurugram News Desk

30 Jan 2026

AIPL has acquired a 43-acre land parcel in Gurugram's Sector 103 on the Dwarka Expressway for INR 1,000 crore through the Debt Recovery Tribunal, allowing six banks to exit their exposure on the asset. The developer is also in talks to acquire an additional 20 acres, building toward a multi-phase integrated township. The first phase, AIPL Lake City, covering 5.14 acres, has a revenue potential of INR 1,500 crore, while the entire township is expected to generate over INR 20,000 crore. The project includes high-rise towers with premium pricing.Read more