09 Dec 2025

Wakefit Innovations has raised INR 186 crore from Steadview Capital, WhiteOak Capital, and Capital 2B through secondary share sales, complementing an earlier anchor round that raised INR 580 crore. The Bengaluru-based home-furnishing company is preparing for its IPO worth INR 1,289 crore, priced at INR 185-195 per share, which includes a fresh issue and offer-for-sale. Proceeds are earmarked for new store expansion, equipment upgrades, marketing, and general corporate purposes. With a six-month revenue of INR 724 crore and profit of INR 35.5 crore, Wakefit strengthens its vertical integration and market positioning ahead of going public.Read more

09 Dec 2025

SBI Chairman C S Setty said the bank's mortgage loan portfolio crossed INR 9 lakh crore last month, reflecting sustained demand in the retail segment. He noted that Retail, Agriculture and MSME loans now form 67% of the bank's total portfolio and had crossed INR 25 lakh crore in September. With economic activity improving, SBI has raised its overall credit growth target for the year from 12% to 14%. Setty also pointed to steady growth in gold loans, personal loans and a revival in corporate credit, supported by the Reserve Bank of India's recent repo rate reduction.Read more

09 Dec 2025

Bank of Maharashtra has reduced interest rates on its retail loan portfolio after the Reserve Bank of India lowered the repo rate by 25 basis points to 5.25 per cent. The bank's revised rates, which came into effect over the weekend, now start at 7.10 per cent for home loans and 7.45 per cent for car loans. These are among the most competitive rates currently offered by public-sector banks. The lender said the lower rates are intended to make borrowing more affordable at a time when customers are dealing with a high-interest environment.Read more

09 Dec 2025

The RBI has cut the repo rate by 25 basis points to 5.25%, aiming to support growth amid record-low retail inflation, which fell to 0.25% in October. Borrowing is expected to become cheaper across housing, auto and commercial segments. GDP grew 8.2% in Q2, prompting the RBI to lift its full-year growth forecast to 7.3% despite the rupee weakening past 90 against the USD. Industry experts welcomed the move, citing benefits for affordability, sales momentum and developer funding. They noted that lower EMIs and improved sentiment should boost mid-income and premium housing demand. Overall, the cut reinforces a favourable environment for real estate investment and expansion.Read more

08 Dec 2025

Public sector lenders Bank of Baroda and Bank of India reduced their lending rates shortly after the Reserve Bank of India lowered the repo rate by 25 basis points. Indian Bank also made a minor cut to its MCLR in the week. The RBI's decision marked its first rate reduction in about six months and came with an assurance of providing INR 1 lakh crore in liquidity to stabilise growth amid pressure from steep US tariffs. The latest rate actions are expected to ease borrowing costs for households and businesses and support economic activity.Read more

08 Dec 2025

SEBI has granted in-principle approval for registering Raajmarg Infra Investment Trust as an InvIT, advancing NHAI's plan to monetise national highway assets. Final approval will follow once the trust appoints directors, files financial statements and meets other compliance requirements within six months. Conceived to unlock value from road assets and offer long-term investment options for domestic investors, the InvIT will be managed by Raajmarg Infra Investment Managers Pvt. Ltd., incorporated last month. The investment manager includes major financial institutions such as SBI, PNB, HDFC Bank, ICICI Bank and others. SEBI said the public InvIT structure will ensure transparency, strong oversight and high reporting standards.Read more

08 Dec 2025

Nashik Municipal Corporation collected INR 196 crore in property tax over the past eight months, showing an 8% rise from the INR 181 crore collected during the same period last year. Cidco contributed the highest share, followed by Panchavati, Nashik East, Nashik West, Nashik Road and Satpur. The civic body has covered 71% of its full-year target of INR 275 crore. The rise is linked to early-payment rebates and an amnesty scheme for defaulters. Despite this progress, around INR 400 crore in pending dues still remain.Read more

08 Dec 2025

A well-known Nashik builder was taken into custody earlier this week after being accused of cheating flat buyers in a case valued at around INR 23 crore. Buyers had reportedly paid the full amount and taken possession of their homes, but the builder did not execute the sale deeds. Instead, he allegedly mortgaged the same flats to a private finance company to raise funds. When the loan defaulted, the lender initiated auction proceedings, leaving residents shocked and prompting them to file a police complaint.Read more

08 Dec 2025

Chhattisgarh has approved INR 429.45 crore for 26 urban infrastructure projects across 13 municipal corporations under the first phase of the Mukhyamantri Nagarotthan Yojana. The funding covers a wide set of works, including lake development, marine-drive expansion, new bus terminals, road upgrades, park creation, water-supply improvement and mobility corridors. Raipur, Raigarh and Bilaspur received the highest allocations. Work orders and foundation-stone activities have already begun for several projects. The state has also set up district-level monitoring committees to supervise progress and maintain quality.Read more

07 Dec 2025

Karnataka has increased the expenditure for the Invest Karnataka 2025 summit to INR 100.70 crore to cover additional infrastructure and investor support requirements. The government will release INR 25.70 crore under the 2025-26 Export and Trade Promotion scheme to meet pending and extra costs. The state has also approved RGUHS's plan to set up advanced skill labs in six cities at INR 452.89 crore, funded entirely by the university. Additionally, 19 new Morarji Desai Residential Schools will be built at INR 304 crore, while plans for land acquisition in Bengaluru Rural have been dropped after public protests.Read more