21 Apr 2026

The Securities and Exchange Board of India (Sebi) has entered into a memorandum of understanding with the Financial Intelligence Unit-India (FIU-India) to enhance cooperation in tackling money laundering and fraud in the securities market. The agreement facilitates regular exchange of data and intelligence in line with Egmont principles and aims to support enforcement of the Prevention of Money Laundering Act, 2002. The MoU, which came into effect recently, is expected to strengthen market surveillance and improve coordination between the two agencies. Senior officials from both organisations formalised the agreement, signalling a move towards tighter regulatory oversight and information sharing in India's financial markets.Read more

20 Apr 2026

Ganesh Green Bharat has secured a domestic order worth over INR 430 crore for the supply of bifacial solar PV modules, strengthening its presence in India's utility-scale solar segment. These modules are designed to generate power from both sides, improving energy output and efficiency. The order will support large-scale solar projects and reflects steady demand for advanced solar technologies. The company's focus on high-efficiency and durable modules aligns with the growing shift towards renewable energy and improved project performance across India's expanding solar infrastructure.Read more

20 Apr 2026

alt.f coworking has expanded its Hyderabad presence with the launch of a new workspace at Meenakshi Tech Park, Gachibowli, offering nearly 800 seats. The facility has already seen strong interest from mid-sized companies, particularly teams of 15 to 50 members seeking private cabins over open seating formats. The trend highlights faster decision-making, cost clarity and demand for ready-to-move office infrastructure. The company noted rising preference for functional, scalable workspaces. It also plans additional centres in Hitech City by end of 2026, strengthening its footprint across Hyderabad's key commercial micro-markets.Read more

20 Apr 2026

Crisil reported a sharp rise in its financial performance for the first quarter of the current fiscal, with net profit increasing nearly 46 per cent year-on-year. The rating agency also recorded strong growth in total income, supported by steady demand for its risk and analytics services. While the company highlighted resilience in business operations, it flagged rising global uncertainties that could impact India's economic outlook. Crisil maintained a base case GDP growth estimate of 7.1 per cent for the fiscal, with risks tilted to the downside if geopolitical disruptions continue.Read more

20 Apr 2026

State-owned NBCC Ltd has sold around 14 lakh sq ft of commercial space in South Delhi through an e-auction process, with the total transaction value reported at approximately INR 5,779 crore. The development is part of Bharat Business Park in Sarojini Nagar, New Delhi, executed on behalf of the government. NBCC will earn a marketing fee of 1% on the overall sale value. The proceeds from such asset monetisation activities are being directed towards redevelopment projects of government residential colonies, which remain a key focus area under its project management mandate.Read more

20 Apr 2026

US-based banking technology firm Candescent has expanded its India operations by opening a 30,000 sq ft technology centre in Hyderabad with a seating capacity of 300, as part of its ongoing workforce and capability expansion. The company, which has offices in Mumbai and Bengaluru, has hired around 400 employees over the past year and plans further recruitment across senior and mid-level roles. India now accounts for nearly half of Candescent's 2,000-strong global workforce and serves as a key hub for engineering, product development, and AI initiatives. While its client base remains largely in the United States, the India operations are focused on talent, technology development, and supporting global delivery capabilities.Read more

20 Apr 2026

PropShare Celestia, a Small and Medium Real Estate Investment Trust (SM REIT) sponsored by Property Share Investment Trust, saw its INR 244 crore initial public offering subscribed 1.33 times at close. The issue attracted bids worth INR 324 crore, with strong interest from the other investors segment at 4.81 times subscription, while institutional participation remained modest at 17 per cent. The IPO, priced between INR 10 lakh and INR 10.50 lakh per unit, comprises a fresh issue with no offer for sale. Proceeds will be utilised to acquire seven floors in Venus Stratum, a Grade A+ commercial building in Nehru Nagar, Ahmedabad. The units are proposed to be listed on the BSE, with Ambit as lead manager.Read more

20 Apr 2026

India's insolvency law, introduced around a decade ago, has significantly changed the way stressed assets are resolved in the corporate sector. Over time, large conglomerates such as Adani Group, Reliance Industries, Tata Group and JSW Group have emerged as key acquirers of bankrupt and financially stressed companies. These acquisitions have helped them expand across sectors including steel, power, infrastructure and energy. While the framework was designed to improve recovery and resolve distressed firms efficiently, it has also led to a growing concentration of assets among a few major corporate houses.Read more

17 Apr 2026

Muthoot Finance has raised INR 30 billion through a bond issuance with a tenure of three years and two months, according to bankers involved in the transaction. The non-banking financial company has priced the bonds at an annual coupon of 8.45%. The issue attracted investor participation following the opening of commitment bids. The bonds carry an AA+ rating from CRISIL and ICRA, indicating high credit quality. The fundraising reflects continued activity in India's corporate debt market, with NBFCs tapping bond markets to secure medium-term funding amid stable interest rate conditions.Read more

Ludhiana News Desk

17 Apr 2026

The Ludhiana Improvement Trust (LIT) conducted a draw of lots for 179 flats under its Atal Apartment housing scheme, attracting strong participation from applicants. The draw covered 43 high-income group (HIG) and 136 middle-income group (MIG) units, with over 1,500 applications received. Held during the Baisakhi period, the event saw public participation and was conducted in the presence of state officials. The project, located at Karnail Singh Nagar on Pakhowal Road, is currently under construction and is expected to be completed later this year. The initiative reflects continued demand for mid-income housing in Ludhiana amid limited public sector residential supply.Read more