17 Dec 2025

ICICI Prudential Asset Management's initial public offering has drawn bids totaling INR 3 trillion (USD 33 billion), making it the fourth most subscribed IPO in India’s history. The USD 1.2 billion share sale follows major IPOs such as Reliance Power, LG Electronics India, and Bajaj Housing Finance. The strong interest reflects confidence in ICICI Prudential AMC’s market position and the growth potential of India’s mutual fund industry. This IPO also contributed to a record fundraising momentum in the country, alongside other financial firms like Groww, HDB Financial Services, and Tata Capital entering the market.Read more

17 Dec 2025

Indian government bonds advanced as traders prepared for the Reserve Bank of India’s upcoming bond purchase, expected to include both liquid and former benchmark securities. The benchmark 10-year yield fell to 6.5745% from 6.5931% previously. Following the RBI’s rate cut earlier this month, bond yields faced upward pressure due to expectations that the easing cycle has concluded. The central bank’s bond-buying program has reached record levels this financial year, while foreign investors have reduced exposure, selling over USD 1 billion. Analysts view the current yields as attractive for initiating fresh positions, especially in ultra-long bonds.Read more

16 Dec 2025

Aditya Birla Housing Finance has launched Pragati Home Loan to expand access to affordable housing finance for low- and middle-income borrowers across India. The product is designed for salaried and self-employed customers, including those with informal income or limited documentation. Pragati Home Loan supports multiple housing needs such as home purchases, construction, resale, extensions and improvements. With loan tenures of up to 30 years and financing of up to 90 per cent of property value, the offering aims to reduce upfront and monthly repayment pressures. Digital onboarding, transparent tracking and doorstep assistance further simplify the loan process, reinforcing the company's focus on financial inclusion and first-time homebuyers.Read more

16 Dec 2025

360 One Asset has raised INR 2,300 crore for its real estate-focused Category II alternative investment fund in just four months, reflecting strong investor interest in income-generating real assets. A large part of the capital has already been deployed across infrastructure-linked platforms and commercial real estate assets, with the remaining amount to be invested in the coming months. Key investments include platforms such as Knowledge Realty Trust, Vertis Infra Trust, Maple Infrastructure Trust and Brookfield-backed Bluegrass Business Park. The fund focuses on stable, operational assets that offer predictable cash flows and long-term value. The rapid fundraising and early deployment highlight growing confidence in real estate and infrastructure as resilient investment avenues.Read more

16 Dec 2025

Mahanagar Telephone Nigam Ltd has received board approval to sell its residential property block in Mumbai's Bandra Kurla Complex to NABARD for INR 350.72 crore through a government-to-government transaction. The asset, known as GN Block BKC Quarters, comprises 28 residential units spread over a prime plot in one of the city's most sought-after commercial districts. The sale forms part of MTNL's ongoing non-core asset monetisation programme approved by the government. NABARD will bear stamp duty and registration costs, while MTNL will clear prior dues. The transaction is expected to support MTNL's financial restructuring while unlocking value from high-potential urban real estate.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body's efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

16 Dec 2025

The World Bank has approved USD 305 million to support the Haryana Clean Air Project for Sustainable Development (HCAPSD), aimed at reducing air pollution and improving air quality across the state by 2030. The funding comprises a USD 300 million loan and a USD 5 million grant. With a total project cost of INR 3,646 crore, Haryana will contribute INR 1,065 crore and an additional INR 83 crore as a grant. The initiative covers transport, industry, agriculture, and urban sectors, including electric buses, emission monitoring systems, cleaner technologies, and incentives to reduce crop residue burning and vehicle emissions.Read more

15 Dec 2025

Pride Hotels plans to launch its initial public offering by March 2026, with a focus on strengthening its balance sheet and upgrading its hotel portfolio. The proposed IPO includes a fresh issue of INR 260 crore and an offer for sale by existing shareholders. A major portion of the funds will be used to renovate and modernise the company's owned hotels across key cities such as Delhi, Bengaluru, Pune and Chennai, while part will go towards debt reduction. Alongside refurbishment, Pride Hotels is expanding its pan-India presence through an asset-light model, with a strong pipeline of new hotels across business, leisure and pilgrimage destinations.Read more

15 Dec 2025

PNB Housing Finance announced that its board has approved the appointment of Ajai Kumar Shukla as Managing Director and Chief Executive Officer, effective from 18 December 2025. His five-year term will begin after shareholder approval. Shukla currently serves as Chief Business Officer at Tata Capital Housing Finance and has earlier handled mortgage roles at ICICI Bank.Read more

13 Dec 2025

Brookfield Properties is set to invest over USD 1 billion in Maharashtra to build a 2 million sq ft global capability centre, expected to be Asia's largest. The facility will create over 15,000 direct jobs and around 30,000 indirect jobs. Active in India for 15 years, Brookfield manages USD 30 billion in assets and plans to grow this to USD 100 billion in five years. Maharashtra's GCC policy, aimed at generating 4 lakh jobs, is focusing on Mumbai and Pune, with the new facility planned for Powai.Read more