05 Nov 2025

Ashok Leyland reported total sales of 17,820 units in October, marking a 16% year-on-year increase from 15,310 units a year earlier. Domestic sales also rose 16% to 16,314 units, driven by steady demand across segments. Medium and heavy commercial vehicle sales grew 14% to 9,611 units, while the light commercial vehicle category climbed 19% to 6,703 units. The company attributed the growth to reviving industrial and infrastructure activity, which continues to strengthen freight movement and fleet replacement. Ashok Leyland's solid October performance highlights its resilient market position and suggests that momentum in commercial vehicle demand is likely to persist in the coming months.Read more

05 Nov 2025

The Tamil Nadu government has approved INR 937.36 crore for internal infrastructure development in Dharmapuri district. The funding supports roads, water supply, drainage, and lighting facilities within a new 1,733-acre SIPCOT industrial park covering several villages in Dharmapuri and Nallampalli taluks. Chief Minister M. K. Stalin also reviewed construction progress at a 10-acre modern bus stand in A Settyahalli village, developed at an estimated cost of INR 39.14 crore with support from private and public contributions. Senior officials and ministers were present during the inspection.Read more

05 Nov 2025

The Maharashtra government has signed an MoU with Abu Dhabi Ports and Abu Dhabi Investment Resources & Presidential Office for an investment of up to USD 2 billion in the state's maritime and shipbuilding sector. The deal aims to enhance shipbuilding, port infrastructure, maritime transport and water-sports management. Alongside this, 15 other MoUs worth about INR 56,000 crore were signed to develop ports, clean-fuel infrastructure and coastal transport, reflecting Maharashtra's push towards blue-economy-driven growth.Read more

04 Nov 2025

The Municipal Corporation of Gurugram (MCG) has intensified its property tax recovery drive, sealing a multi-storey residential building in Jharsa after owners ignored repeated notices over dues worth INR 67 lakh. Despite multiple reminders and legal actions, the owners failed to comply, prompting enforcement under MCG's taxation powers. During a ULB review meeting, officials reported that MCG has collected over INR 261 crore so far, sealing 17 major properties for large-scale defaults, with more under legal process. The MCG commissioner urged residents to pay taxes on time, noting that compliance supports civic projects and public welfare. The drive will continue, with stricter measures for persistent defaulters.Read more

04 Nov 2025

Developer The Phoenix Mills Ltd reported a consolidated net profit of INR 303.99 crore in the recent quarter, up 39 % from INR 218.09 crore a year earlier. Total income rose to INR 1,146.21 crore from INR 955.06 crore in the same quarter of the previous year. The firm, which specialises in retail-led mixed-use developments spanning malls, offices, hospitality and residences, benefited from stronger leasing and consumption trends. The result reflects momentum in its business model amid improving real-estate demand.Read more

04 Nov 2025

GHV Infra Projects Limited announced its unaudited financial results for the quarter and half-year ending September 2025, showcasing remarkable operational and financial progress. The company recorded a sharp rise in revenue, operating profit, and profit after tax, with its order book strengthening considerably. Key corporate actions included a bonus share issue, equity subdivision, and a new UAE subsidiary formation, marking strategic expansion plans beyond India.Read more

04 Nov 2025

Urban Company’s shares declined sharply after the company reported a wider loss in its first quarterly results since listing. Despite a strong increase in transaction value from its domestic consumer services, profits fell significantly due to losses from its newly launched “Insta Help” vertical, which allows users to book domestic workers within minutes. The company has said that continued investment in this business will keep affecting its profits in the coming quarters. Analysts have expressed concerns about the unclear path to profitability.Read more

04 Nov 2025

The engineering firm Texmaco Rail & Engineering secured two infrastructure contracts totalling around INR 78 crore. One order of INR 44.61 crore comes from Maharashtra Metro Rail Corporation for the PCMC-Nigdi elevated extension of the Pune Metro, covering design, supply, installation, testing and commissioning of a 25 kV flexible overhead catenary system, 33 kV auxiliary sub-station and SCADA systems, to be completed in 110 weeks. The other order of INR 33.89 crore is from Central Railway for the Ahmadnagar-Beed-Parli new broad gauge line involving a 132 kV/55 kV Scott connected transformer system, to be completed in 12 months. These wins build upon Texmaco's long track record in rail electrification and infrastructure.Read more

04 Nov 2025

The infrastructure investment trust IRB InvIT Fund is set to launch its first bond offering, aiming to raise a total of INR 11.50 billion (approximately USD 130.84 million). The issue will consist of three tranches: INR 5.75 billion for five-year maturity at a 7.35% coupon, INR 3 billion for ten years at 7.40%, and INR 2.75 billion for 15 years (with staggered redemptions from 2036) at the same 7.40% rate. Coupons are payable quarterly, and a put/call option is included for the 15-year bond after ten years. The trust has invited bids from bankers and investors on the coming bidding date, and the offering carries a "AAA" rating from India Ratings & Research.Read more

03 Nov 2025

Kalpataru Projects International Limited (KPIL) recorded an 89% year-on-year increase in its consolidated net profit to INR 237.39 crore for the quarter ended September 2024, supported by a sharp rise in revenue. The company's total income reached INR 6,551.96 crore, up from INR 4,946.98 crore during the same period last year. The growth reflects improved project execution and a steady pipeline across infrastructure and power transmission segments.Read more