28 Oct 2025

Ujjivan Small Finance Bank's Hello Ujjivan app has facilitated financial transactions exceeding INR 690 crore since its launch, enabling digital banking access for first-time microfinance users. The app, primarily catering to women borrowers, integrates voice, visual, and vernacular features in 11 Indian languages, ensuring accessibility across literacy levels. With over 13 lakh downloads, Hello Ujjivan supports loan repayments, deposits, and insurance purchases, while promoting financial literacy through its Digital Diksha feature. Ujjivan SFB plans to expand the app's capabilities by FY26 to further drive financial inclusion and customer engagement.Read more

28 Oct 2025

ITC Hotels reported a rise in its consolidated net profit for the second quarter, reflecting stronger revenue from operations and controlled expense growth. The company earned INR 133.29 crore, up nearly 74% from INR 76.63 crore in the same period last year. Revenue increased to INR 839.48 crore from INR 777.95 crore, while total expenses rose slightly to INR 699.72 crore. Following its demerger and listing earlier this year, ITC Hotels also announced the promotion of Sudhir Gupta to Vice President - Procurement, strengthening senior management.Read more

27 Oct 2025

Axis Finance Limited (AFL) has introduced its new Micro Loan Against Property (Micro LAP) product, Axis Finance Shakti, aimed at enhancing financial inclusion for micro-entrepreneurs, traders, and self-employed individuals. Announced earlier this week on the occasion of Dhanteras, the initiative focuses on simplifying loan access with flexible repayment options, wider collateral acceptance, and minimal documentation, empowering customers from emerging markets to utilise property assets for both personal and business growth.Read more

27 Oct 2025

The Himachal Pradesh government has approved central assistance worth INR 3 crore under the Pradhan Mantri Awas Yojana (Urban) 2.0 - BLC component to support 117 eligible families in Una district. Each beneficiary will receive INR 2.5 lakh in four instalments to construct or upgrade their homes. The approval forms part of a larger district-wide plan covering 256 houses across various towns, with a total outlay of INR 6.40 crore. Beneficiaries have been instructed to begin construction immediately and complete it within a year.Read more

27 Oct 2025

The Reserve Bank of India (RBI) has exempted the government-supported Special Window for Affordable and Mid-Income Housing (SWAMIH) fund from its recently tightened regulations on alternate investment funds (AIFs). Established in 2019 to provide financial relief to delayed housing projects, the SWAMIH fund is managed by SBICAP Ventures, a subsidiary of the State Bank of India (SBI), which also holds a major investment stake in the fund. The move follows the government's appeal for exemption on the grounds of socio-economic importance.Read more

27 Oct 2025

CBRE has raised its full-year profit forecast after posting strong third-quarter results driven by increased leasing and facilities management demand. Net income for the quarter rose to USD 363 million, with total revenue up 13.5% to USD 10.26 billion. Core earnings per share for 2025 are now projected at USD 6.25-6.35. Analysts highlight that more companies returning to offices and an expected Federal Reserve rate cut could further boost commercial real estate activity, benefiting property leasing, sales, and related services. CBRE's results indicate resilience and continued growth in the sector.Read more

27 Oct 2025

The Karnataka government has announced a betterment tax and a 1% stamp duty cess on properties near the Bengaluru Business Corridor (BBC) to recover project costs and repay a USD 3.27 billion loan from HUDCO. The betterment tax will apply to properties within 500 meters of the tolled road, while the stamp duty cess will cover transactions within 1 km of the corridor. Additional revenue measures include transit-oriented development on select land parcels. These steps aim to fund infrastructure, interest, and other costs while enhancing the corridor's commercial viability.Read more

26 Oct 2025

TFCIL is expanding its lending focus beyond hospitality to include real estate and MSME solar financing, aiming for INR 2,000 crore in disbursements in the next fiscal year. Current exposure to hospitality is about 65%, which the company plans to reduce to around 50% by FY27 through diversified lending. Its initiatives include financing hotel infrastructure, promoting green energy adoption via MSME solar projects, and launching a tourism-focused Alternative Investment Fund. With urbanisation and office work trends, TFCIL is evolving into a key partner for sustainable tourism, real estate, and MSME development.Read more

26 Oct 2025

Housing Development and Infrastructure Limited (HDIL), once a leading real estate developer, is facing a major financial challenge. The company, along with Ravijyot Finance and Leasing Private Limited and its promoters, owes over INR 2,059.30 crore to Unity Small Finance Bank (USFB), formerly Punjab & Maharashtra Cooperative (PMC) Bank. To recover these dues, USFB plans to auction a 426-acre land parcel in Dahisar West, Mumbai, with a reserve price of INR 1,234.62 crore. Interested bidders need to pay an earnest money deposit of INR 15 crore. The e-auction will accept bids in increments of INR 2 crore. Buyers should note ongoing litigations and clearance requirements that may affect development.Read more

26 Oct 2025

Can Fin Homes Ltd. reported an 18.89% rise in consolidated net profit for Q2 FY26, reaching INR 251.42 crore, supported by a 9.01% increase in total income to INR 1,049.45 crore. The loan portfolio grew by 8% to INR 39,657 crore, with housing loans forming the major portion. Loan disbursements for the half-year rose 7% to INR 4,560 crore. The company maintained strong liquidity with a coverage ratio of 217.24% and provisions of INR 495 crore, while its stock showed limited movement due to investor concerns over sector competition and rising interest costs.Read more