08 Nov 2025

Mindspace Business Parks REIT reported a 26% year-on-year rise in net operating income to INR 634 crore for the July-September quarter, with a distribution of INR 355 crore to unitholder-up 16.3% from last year. CEO Ramesh Nair said leasing activity reached 0.8 million sq ft with strong rental growth and record occupancy of 94.6%. Including its recent Q-City acquisition, occupancy stood at 93.8%. Backed by low leverage and a solid balance sheet, the REIT plans to invest in development and acquisition opportunities. With 38.2 million sq ft of assets across key cities, Mindspace continues to deliver steady growth and investor returns.Read more

08 Nov 2025

Mufin Green Finance, a non-banking financial company (NBFC) specialising in electric mobility and clean energy financing, has raised INR 50 crore through a non-convertible debenture (NCD) issue, with InCred Capital Wealth Portfolio Managers as the investor. The NCDs carry an 11% coupon rate and mature in 15 months. The raised capital aims to strengthen the company�s lending base while diversifying its funding sources. About 90% of the funds will go toward medical premium financing, and the remaining 10% will be allocated to EV loans, battery financing, and solar panel installations.Read more

08 Nov 2025

Chalet Hotels reported a consolidated profit after tax of INR 154.81 crore for the quarter ending September 30, marking a strong turnaround from a loss of INR 138.51 crore in the same period last year. The company's revenue from operations rose 95% year-on-year to INR 735.3 crore. Managing Director and CEO Dr. Sanjay Sethi said the results highlight the strength of the company's diverse portfolio and operational discipline despite external challenges. The quarter also saw the debut of Chalet's premium lifestyle brand, ATHIVA Hotels & Resorts.Read more

08 Nov 2025

The V.O. Chidambaranar Port Authority (VOCPA) in Tuticorin revealed that it has entered into 28 agreements with major players in the green-energy space, totaling investments exceeding around INR 1.27 lakh crore (over USD 15 billion). The key pacts include a storage facility for green ammonia with Green Infra Renewable Energy Farms Private Limited (a part of the Sembcorp group) valued at INR 25,400 crore; a green ammonia production plant with ACME Green Hydrogen and Chemicals Private Limited (1,200 MTPD) worth INR 12,000 crore; and a 300 TPD facility with CGS Energy Private Limited valued at INR 5,000 crore. These moves build on the port's earlier pilot green-hydrogen and renewable-energy efforts, and signal a pivot towards becoming a green-hydrogen hub in southern India.Read more

07 Nov 2025

Embassy Office Parks REIT reported strong performance in the July-September quarter, with net operating income rising 15% year-on-year to INR 927 crore and revenue growing 13% to INR 1,124 crore. The board approved a distribution of INR 617 crore, or INR 6.51 per unit, to be paid by mid-November. Leasing totalled 1.5 million sq ft, led by Bengaluru and supported by new Global Capability Centre demand in Chennai. India's first listed REIT, Embassy manages a 50.8 million sq ft portfolio across major cities, including offices, hotels, and renewable assets. The results highlight steady income growth, robust leasing, and the REIT's focus on sustainable expansion.Read more

07 Nov 2025

Indian Hotels Company Limited (IHCL) reported a 45% fall in its consolidated net profit to INR 318.26 crore for the quarter ended September, compared to INR 582.71 crore a year ago, despite a 12% rise in operating revenue to INR 2,040.89 crore. Total expenses increased to INR 1,671.54 crore. The Tata Group company expanded its portfolio to 570 hotels after signing 46 new properties and opening 26 in the first half of FY26. IHCL also began construction on the Taj Bandstand project in Mumbai and maintained a positive outlook for the rest of the fiscal year.Read more

07 Nov 2025

Goswami Infratech, part of Shapoorji Pallonji Group (SP Group), is preparing a major two-year bond issue worth around INR 250 billion (USD 2.84 billion) to refinance existing debt and support corporate purposes. The issuance will be backed by SP Group's 9.2% stake in Tata Sons through Cyrus Investments. Deutsche Bank, which managed a previous 143 billion rupee bond in 2023, is expected to lead this sale. The company is engaging new investors to diversify funding and aims for a lower coupon than the earlier issue.Read more

07 Nov 2025

The Kerala government has identified 584 individuals and organisations that have defaulted on payments or violated conditions of government-leased land, collectively owing INR 665.30 crore. Revenue Minister K. Rajan presented district-wise details, revealing Ernakulam owed the most at INR 280 crore, followed by Thrissur with INR 201.34 crore and Thiruvananthapuram with INR 104.70 crore. Despite the huge arrears, only 2.737 hectares have been recovered so far. The state lacks a unified record of unauthorised land occupation, relying instead on district data. Officials have issued recovery notices and begun cancelling leases, exposing gaps in Kerala's land management and monitoring systems.Read more

07 Nov 2025

ACME Solar Holdings Ltd recorded a sharp rise in its consolidated net profit during the July�September quarter of the current fiscal, reaching INR 115.06 crore compared to INR 15.2 crore in the same period last year. The company�s total income more than doubled to INR 601.36 crore, supported by increased operational capacity and project progress. ACME also partially commissioned a 28 MW segment of its 100 MW wind project in Gujarat, taking its total commissioned capacity to 378 MW across renewable assets.Read more

07 Nov 2025

The Municipal Corporation of Delhi (MCD) has secured a loan of INR 615 crore to enhance road cleaning operations across the city. This funding, sourced from the Punjab National Bank (PNB), will be used to purchase advanced machinery that aims to improve efficiency and ensure better cleanliness on Delhi's roads. This initiative is part of the MCD's broader plan to maintain a cleaner environment and bolster waste management strategies in the national capital. The loan will contribute to the MCD�s ongoing efforts to modernize its sanitation services, especially focusing on road maintenance.Read more