26 Oct 2025

A recent report from ANAROCK Research found that India's retail-focused real-estate investment trusts (REITs) could grow to between INR 60,000 crore and INR 80,000 crore by 2030, accounting for roughly 30-40 % of the total national REIT market. Currently dominated by office-space trusts, the retail segment is gaining ground thanks to maturing Grade-A malls, robust consumption and changing geography of retail demand. Tier-II cities like Indore, Coimbatore, Surat, Bhubaneswar and Chandigarh are emerging as key growth hubs.Read more

25 Oct 2025

Oberoi Realty's sales bookings fell by 10 percent in the second quarter of the current fiscal to INR 1,299.06 crore due to reduced area sold, although the number of units remained stable at 158. Collections rose to INR 1,352.82 crore, compared with INR 1,211.17 crore last year. Consolidated net profit increased by 29 percent to INR 760.26 crore, and total income grew to INR 1,844.84 crore. The company maintained steady unit sales and improved revenue, reflecting resilience in the luxury housing segment despite lower sales volumes.Read more

25 Oct 2025

Avaada Electro, the solar manufacturing arm of the Brookfield-backed Avaada Group, has confidentially filed preliminary papers with SEBI to raise between INR 9,000 crore and INR 10,000 crore through an initial public offering. The issue will include both fresh equity and an offer-for-sale by existing shareholders. The funds are expected to support the company's expansion plans, including a 5.1 GW integrated solar facility in Uttar Pradesh and additional capacity at its Butibori plant in Maharashtra. The IPO could value the company between INR 1.10 lakh crore and INR 1.3 lakh crore.Read more

25 Oct 2025

Kolkata-based Jayesh Logistics has set the price band for its initial public offering at INR 116-122 per equity share, raising a total of INR 28.63 crore through a fresh issue of 23.47 lakh shares. The IPO will open for public subscription later this week and conclude a few days afterward, with anchor investor bidding taking place a day before the public offer. Funds raised will support the purchase of trailers, expansion of warehousing and logistics infrastructure, working capital needs, and general corporate purposes. The company is a growing player in road and rail freight, cross-border cargo, and supply chain management.Read more

25 Oct 2025

Recently, actor Sonu Sood and his son Eshaan Sood acquired a plot of land in the Shirdon area of Panvel Taluka for INR 1.05 crore. The site spans approximately 0.0650 hectares (777 square yards), and the transaction included stamp duty and registration charges. In a separate purchase, Eshaan also bought an apartment in Andheri West, Mumbai, for INR 2.6 crore earlier in the year, with associated duties and fees duly recorded.Read more

24 Oct 2025

Vedanta Group plans an additional investment of INR 1 lakh crore in Odisha, including an alumina refinery, an aluminium park in Dhenkanal, and a ferro-alloys plant in Keonjhar. The projects are expected to generate over 100,000 direct and indirect jobs, enhancing Odisha's industrial presence. Two aluminium parks, one nearly complete in Jharsuguda and another planned, will support aerospace, defence, and EV sectors while attracting downstream investments. The Odisha government has assured full support, and Vedanta aims to encourage innovation and entrepreneurship through these industrial initiatives.Read more

24 Oct 2025

The Amaravati capital city project in Andhra Pradesh is set to receive the second tranche of USD 200 million from the World Bank by the end of this year, a senior state government official confirmed. The World Bank and Asian Development Bank have each pledged USD 800 million, bringing the total external funding to USD 1.6 billion (INR 13,600 crore). The Centre will also contribute INR 1,400 crore from its INR 15,000-crore commitment. Of the first disbursement of USD 207 million, nearly half has been spent. Both funding agencies are conducting regular monthly reviews of the project.Read more

24 Oct 2025

Century Real Estate recorded sales bookings of INR 1,062 crore in the July-September quarter, more than double the INR 452 crore achieved in the same period last year. Its sales in the first half of the fiscal reached INR 1,305 crore, up from INR 907 crore year-on-year. The company attributes the growth to strong buyer demand, rising NRI investments, infrastructure-led corridor development, and increased premium housing interest. Century Real Estate has strengthened its presence across central luxury markets and North Bengaluru growth hubs, with a 25 million sq ft portfolio.Read more

24 Oct 2025

The recent rationalisation of GST is expected to lift revenue growth for organised apparel retailers by around 200 bps this fiscal, sustaining topline growth at 13-14% for the second consecutive year, according to Crisil Ratings. The uniform 5% GST on apparel priced up to INR 2,500 is likely to support demand in the mid-premium and fast-fashion segments, particularly as festive season spending increases. However, the rise in GST to 18% for items above INR 2,500 could dampen premium categories, including wedding wear and handlooms. Reduced input costs from lower cotton and synthetic fibre taxes may further support retailers.Read more

23 Oct 2025

The Nashik Municipal Corporation (NMC) has obtained a INR 750 crore loan from the World Bank to strengthen the city's sewerage infrastructure. The project will involve laying over 200 km of new sewer lines and replacing old ones across six municipal divisions, including Pachavati, Cidco, Nashik Road, and Satpur. Currently, the city manages around 323.3 million litres of sewage per day through 1,600 km of existing networks. The initiative also aligns with the AMRUT scheme, under which the government contributes 50% of the funding, while the remaining comes from the civic body.Read more