17 Nov 2025

Reliance Group has rolled out its first Employee Stock Options in Reliance Infrastructure and Reliance Power, covering 2,500 employees. The ESOPs, approved by shareholders earlier this month, allow most employees to acquire shares at INR 10 each, recognizing their loyalty and contribution to the company's turnaround. The two companies together have over 5 million shareholders. Reliance Group employs more than 28,000 people, serves millions of customers, and holds assets worth INR 1,07,123 crore with a net worth of INR 40,856 crore.Read more

17 Nov 2025

The Greater Mohali Area Development Authority (GMADA) has launched a process to reassess reserve prices of unsold residential, commercial, institutional, and industrial sites that failed to attract buyers in consecutive auctions. The authority will appoint three independent valuers for each site, selecting professionals empanelled with nationalised banks or the income-tax department. Recent auctions showed selective demand, with some plots exceeding reserve prices while many others remained unsold. This move aims to align pricing with current market trends, improve transparency, and make properties more appealing to potential buyers.Read more

17 Nov 2025

Tata Steel's consolidated net profit for the September quarter surged over fourfold to INR 3,183.09 crore, propelled by strong India operations. Total income grew over 8 percent year-on-year to INR 59,052.84 crore, with India contributing INR 38,592 crore. Production and deliveries in India saw significant growth, while the Netherlands and UK operations remained mixed. The company continued to reduce debt and prioritise decarbonisation initiatives, including a joint decarbonisation project in the Netherlands. Strategic acquisitions and asset sales further support Tata Steel's growth and operational efficiency.Read more

16 Nov 2025

Shriram Properties has reported a net profit of INR 8.57 crore in the September quarter, reversing a loss from the previous year, supported by higher revenue of INR 229.01 crore. The company expects improved performance in the second half of the fiscal, aided by a strong project pipeline and execution focus. Shriram Properties continues to expand its project portfolio and enhance cash flow generation. With a presence in Bengaluru, Chennai, Pune, and Kolkata, the firm has successfully delivered 48 projects totaling 29.2 million sq ft of saleable area.Read more

16 Nov 2025

Maharashtra has approved a state guarantee of INR 3,000 crore for a HUDCO loan to acquire land for the International Business and Finance Centre in Nagpur. The project, part of the 'New Nagpur' initiative, will be developed by NMRDA across 692 hectares in Godhani and Ladgaon villages. The total loan planned is INR 6,500 crore, with strict conditions ensuring the state bears no liability for defaults. NMRDA must submit regular reports, and any sale of mortgaged assets requires committee approval. The IBFC aims to make Nagpur a central Indian business hub.Read more

16 Nov 2025

Renewable energy firm ReNew Energy Global is set to invest INR 82,000 crore in Andhra Pradesh, covering the entire renewable energy value chain. The investment will focus on high-technology segments such as solar ingot and wafer manufacturing, project development, and green hydrogen and molecule production. IT and Industries Minister Nara Lokesh said this will mark ReNew's return to the state after five years. Earlier in May, the company began work on a separate INR 22,000-crore hybrid renewable project in Anantapur district with a 4.8 GWp capacity and battery storage.Read more

16 Nov 2025

Prestige Estates Projects Ltd recorded a 95% rise in consolidated net profit to INR 457.4 crore for the quarter ended September, compared to INR 234.6 crore in the same period last year. The company's total income grew to INR 2,697.8 crore from INR 2,423.8 crore, supported by better sales and lower expenses. Chairman and Managing Director Irfan Razack said the first half of FY26 was encouraging, driven by steady sales momentum and strong cash flows. With a solid launch pipeline, Prestige aims to maintain its growth through the rest of the fiscal year.Read more

15 Nov 2025

Marathon Nextgen Realty (MNRL) reported a net profit of INR?66.53?crore for the quarter ended September, up 34.54?% from INR?49.45?crore a year ago, despite a 6.44?% decline in total income to INR?155.06?crore from INR?165.73?crore. The company attributed this growth to strong execution, financial discipline, and operational efficiency. During the quarter, it launched Phase?III, Nirvana?Collection, of its Marathon?Nexzone township in Panvel with a gross development value exceeding INR?600?crore and raised INR?899.99?crore through a qualified institutional placement.Read more

15 Nov 2025

Keystone Realtors Ltd posted a sharp 85 per cent decline in consolidated net profit for the second quarter, with earnings falling to INR 9.89 crore from INR 65.55 crore last year. Total income also declined to INR 520.90 crore. Despite the drop in profits, the company maintains a significant presence in the Mumbai Metropolitan Region, with 37 completed projects, 19 under construction, and 24 in the pipeline. Keystone has delivered over 26 million square feet of construction and continues to manage a healthy pipeline of 47 million square feet, reflecting ongoing long-term plans.Read more

15 Nov 2025

JSW Energy has raised INR 250 crore through the private placement of non-convertible debentures, with 25,000 NCDs allotted at a face value of INR 1,00,000 each. The company's board had earlier approved raising up to INR 3,000 crore through such instruments. This step supports JSW Energy's operational and expansion plans, reflecting its strategic focus on debt markets to meet capital needs efficiently. Over the years, private placement of listed and rated NCDs has become a key tool for energy firms in India to raise funds while maintaining financial flexibility.Read more