13 Nov 2025

Union Finance Minister Smt Nirmala Sitharaman stated that the introduction of next-generation GST reforms in late September has significantly boosted sales across several sectors, including automobiles, consumer durables, and e-commerce. She explained that the new system, simplified to two main tax slabs 5% and 18% has made products more affordable and stimulated demand. The reforms were part of the government's ongoing efforts to simplify taxation and support small traders. Sitharaman also noted that luxury items and tobacco continue to attract higher GST rates of 40%.Read more

13 Nov 2025

Emmvee Photovoltaic Power Ltd has raised INR 1,305 crore from anchor investors before its INR 2,900 crore Initial Public Offering (IPO). The anchor round attracted strong participation from leading domestic mutual funds, insurance companies, and global financial institutions. The company allotted over 6.01 crore shares at INR 217 each, the upper limit of its price band. The IPO, comprising both a fresh issue and an offer for sale, will open for public subscription soon, and the company is set to list on the stock exchanges later this month.Read more

13 Nov 2025

Sri Lotus Developers and Realty Ltd reported an 8% drop in consolidated net profit to INR 46.36 crore for the September quarter, compared with INR 50.47 crore a year earlier, even as total income rose to INR 188.81 crore from INR 125.08 crore. The Mumbai-based developer has completed four projects covering over 4.2 lakh sq ft and is executing six more, with 12 new developments planned across nearly 27.6 lakh sq ft of carpet area. While profit declined, the rise in income and active project pipeline signal continued operational strength and growth momentum, supported by steady demand in Mumbai's real estate market.Read more

13 Nov 2025

NCR-based real estate developer Saya Group has recently cleared around INR 1,500 crore in debt, marking a significant financial milestone. Over the past five years, the company settled obligations to institutions such as IIFL Finance, Yes Bank, and 360 One, including term loans, NCDs, and GECL facilities. With a debt-free balance sheet, the developer is now focusing on expanding its premium residential and commercial portfolio across the National Capital Region, reinforcing its strong reputation for fiscal discipline and timely project delivery.Read more

13 Nov 2025

Reliance Power recorded a net profit of INR 87 crore for the quarter ending September 30, marking a strong recovery from a loss of INR 352 crore during the same period last year. The company's total income increased to INR 2,067 crore from INR 1,963 crore in the previous year, supported by higher operational revenues. Its board has approved seeking shareholder consent to raise up to USD 600 million through foreign currency convertible bonds (FCCBs) to fund expansion plans. The company's current operating portfolio stands at 5,305 MW, including 3,960 MW from Sasan Power Limited.Read more

13 Nov 2025

JSW Steel's October steel output rose 9% year-on-year to 24.95 lakh tonnes, driven largely by its India operations. Domestic production increased 10 per cent to 24.12 lakh tonnes, while the Ohio facility in the US saw a marginal rise to 0.83 lakh tonnes. Capacity utilisation in India was at 83 per cent due to a temporary shutdown of Blast Furnace 3 at Vijayanagar for a capacity upgrade, with production expected to resume in February 2026. JSW Steel is part of the diversified USD 23 billion JSW Group.Read more

12 Nov 2025

MAIA Estates has raised INR 120 crore from Arnya to develop a new residential project, The Seven, at Basavanagudi in South Bengaluru. Spanning 6 lakh sq ft, the project's construction will start in early 2026 and is expected to finish by 2029. Founded in 2016, MAIA Estates currently manages 11 million sq ft under planning and construction across Bengaluru. The funding partnership is part of the company's broader strategy to expand its presence in key city locations. Basavanagudi's central location and infrastructure make it an attractive site for the project.Read more

12 Nov 2025

Fujiyama Power Systems is set to launch its IPO on November 13 to raise INR 828 crore, combining a fresh equity issue and an Offer For Sale by promoters. The funds will support a new manufacturing facility, debt repayment, and corporate needs. The Greater Noida-based firm, known for its brands UTL Solar and Fujiyama Solar, provides on-grid, off-grid, and hybrid rooftop solar solutions. With three domestic manufacturing units and strong R&D capabilities, the company has reported substantial growth, with revenue and net profit more than doubling over two fiscal years.Read more

12 Nov 2025

Signature Global reported a consolidated net loss of INR 46.86 crore for the July-September quarter of FY26, compared to a profit of INR 4.15 crore a year earlier, as total income fell to INR 372.51 crore from INR 777.42 crore. For the first half of FY26, the firm posted a net loss of INR 12.42 crore, though total income rose slightly to INR 1,270.86 crore. Chairman Pradeep Aggarwal said the company remains focused on strategic land acquisitions and project launches worth INR 14,000 crore by March 2026 to meet its INR 12,500 crore pre-sales target. Recently, Signature Global raised INR 875 crore from IFC to fund mid-income housing and reduce debt.Read more

12 Nov 2025

IndiQube Spaces Ltd reported a reduced net loss of INR 29.86 crore for the July-September quarter, a significant improvement from INR 52.52 crore a year earlier. Total income rose 39% year-on-year to INR 366.59 crore, driven by strong demand for flexible workspace solutions. The company, which leases and manages office spaces across 16 cities, now oversees more than 9.14 million sq. ft. of workspace. IndiQube's improved performance reflects operational efficiency and growing market traction in India's managed office sector. With expanding demand from corporates and global enterprises, the firm is well positioned for continued financial recovery and steady growth.Read more