15 Oct 2025

National Housing Bank (NHB) extended a partial credit enhancement scheme to housing finance companies (HFCs) to help reduce their cost of funds and promote the flow of cheaper loans in the affordable housing sector. The support is conditioned on eligibility criteria such as asset size, credit ratings and non-performing asset limits. By covering up to half the bond issue value, NHB's move is expected to improve external ratings and enable HFCs to raise debt more competitively, benefitting end borrowers in the affordable housing segment.Read more

15 Oct 2025

Home design platform Livspace reported a 23% year-on-year rise in revenue, reaching INR 1,460 crore in the past fiscal year, alongside a near 50% reduction in adjusted EBITDA losses to INR 131 crore. The company attributed the improvement to higher traction in premium and mass-premium segments, better revenue quality, and disciplined cost management. Backed by leading global investors, Livspace continues to expand its footprint across India and Singapore, serving thousands of homeowners with end-to-end renovation solutions.Read more

14 Oct 2025

WeWork India Management Limited, a major player in flexible workspaces, made its stock market debut with shares opening slightly above the issue price but ending 3% lower. The IPO raised INR 3,000 crore (USD 338.16 million) and was fully subscribed 1.15 times, with strong institutional demand but weak retail and non-institutional participation. Analysts have flagged concerns over valuation, governance practices, and the absence of fresh capital. Despite operating in eight cities with growing revenue, the company faces competition from better-performing peers like Smartworks and IndiQube Spaces.Read more

14 Oct 2025

Truhome Finance has secured a capital infusion of INR 417 crore from its majority shareholder, Warburg Pincus, to strengthen its balance sheet and support expansion plans. Since Warburg acquired the company in December 2024, Truhome has doubled its assets under management from INR 10,000 crore to INR 20,000 crore. With 200 branches and nearly 5,000 employees, the company is focused on sustainable growth and financial discipline. The investment reflects continued investor confidence in Truhome's strategy and operational capabilities.Read more

13 Oct 2025

Bengaluru-based Puravankara Ltd reported a 4 % increase in quarterly sales bookings to INR 1,322 crore, driven by stronger demand for residential properties. Pre-sales during the first half of the fiscal grew to INR 2,445 crore from INR 2,349 crore a year earlier. Sales volumes were 1.50 million sq ft in Q2 and 2.75 million sq ft in H1, with average realisations rising to INR 8,814 per sq ft in Q2 and INR 8,891 per sq ft in H1. The company has completed 92 projects, holds 30 million sq ft of land, and has 35.75 million sq ft under ongoing development.Read more

13 Oct 2025

Lodha Developers Ltd reported a 7% rise in sales bookings during the second quarter of the current fiscal, reaching INR 4,570 crore, supported by sustained housing demand. The developer stated that despite limited new launches, sales performance remained strong. With the Supreme Court recently clearing the Environmental Clearance (EC) process, the company plans to ramp up launches in the second half and aims to meet its annual pre-sales target of INR 21,000 crore.Read more

13 Oct 2025

Jio Payments Bank has won a contract to implement the FASTag ANPR-based MLFF toll system at two plazas on the Gurugram-Jaipur highway. This marks JPBL's entry into next-generation electronic tolling, allowing vehicles to pass without stopping. Awarded through a tender by IHMCL as part of India's pilot MLFF project, JPBL has secured two of five bids so far. Building on its existing FASTag operations at 11 plazas, the bank is set to strengthen its role in India's digital payments ecosystem linked to infrastructure modernization and improved vehicle mobility.Read more

13 Oct 2025

Niti Aayog has proposed a modern tax framework based on trust, transparency, and voluntary compliance to align with India's Viksit Bharat@2047 vision. In its working paper "Towards India's Tax Transformation: Decriminalisation and Trust-Based Governance," the Aayog suggested reforming criminal provisions under the Income-tax Act, 2025, to ensure punishments match the seriousness of offences. It emphasised reducing harsh penalties for minor violations and ensuring greater judicial discretion. The paper also supported ongoing initiatives such as Transparent Taxation and the Jan Vishwas Act to make compliance simpler and more efficient.Read more

13 Oct 2025

Avaada Group plans to invest INR 36,000 crore in Gujarat, focusing on solar, wind, and Battery Energy Storage System (BESS) projects. The projects, scheduled to start between 2027 and 2030, include 5 GW of solar, 1 GW of wind, and 5 GWh of battery storage across Kutch, Banaskantha, and Surendranagar districts. The initiative is expected to create over 3,000 direct and indirect green jobs and provide employment to nearly 5,000 workers during construction. The investment reflects Avaada's commitment to India's renewable energy transition and Gujarat's goal of becoming a clean energy hub.Read more

12 Oct 2025

The Tamil Nadu government has approved INR 1.2 crore for the development of road, water, and drainage infrastructure at the Thiruverumbur SIPCOT Industrial Park near Trichy Semi-Ring Road. Spread across 125 acres in Elandapatti and Suriyur villages, it will be Trichy's second major industrial estate after Manapparai SIPCOT. The state plans to allocate the park to a prominent electronics manufacturer, with support from Guidance Tamil Nadu. Proximity to Trichy International Airport is expected to boost land values, while infrastructure development will enhance investment and create employment in the region.Read more