Grounded airline Jet Airways has signed a definitive agreement to transfer the lease of its Bandra-Kurla Complex (BKC) corporate office in Mumbai for INR 370.25 crore as part of its liquidation process. The lease will be assigned to Parthos Properties Pvt Ltd, subject to approval from the Mumbai Metropolitan Region Development Authority (MMRDA). Conducted under the Insolvency and Bankruptcy Code (IBC), the sale marks an important step in monetizing Jet's assets to repay creditors. Once India's premier private airline, Jet suspended operations in April 2019 after financial collapse, and a failed resolution plan eventually led to a Supreme Court-ordered liquidation in 2024.Read more

Shares of Patel Retail, a Mumbai-based supermarket player, listed with a premium of nearly 20% on the BSE and NSE on Tuesday, August 26, 2025. This strong debut, which saw the stock open at INR 305 on the BSE, came despite the broader market trading in negative territory. The INR 242.76 crore Initial Public Offering (IPO), which was subscribed 95.70 times, will help fund the company's working capital needs and debt repayment. Patel Retail, which operates in Thane and Raigad districts, aims to use the fresh capital to expand its footprint in the region.Read more

The Greater Chennai Corporation (GCC) has streamlined its property tax system for 2025, encouraging homeowners to utilize a new, user-friendly online portal for payments. This initiative is part of a broader digital governance push to enhance transparency and improve tax collection efficiency. By using the official website (tnurbanepay.tn.gov.in), residents can conveniently pay dues, track payment history, and even apply for property assessments, all from the comfort of their homes.Read more

Sattva Engineering Construction, an ISO-certified EPC company specializing in water and wastewater infrastructure, has launched its Initial Public Offering (IPO) on August 26, 2025. The company aims to raise INR 35.38 crore at a price band of INR 70-75 per share, with the funds intended for working capital and general corporate purposes. The IPO is a key milestone for Sattva, which has executed over 50 projects and has a current order book of INR 308.09 crore. This move is aimed at enabling the company to scale operations and capitalize on growing demand from government initiatives such as the Jal Jeevan Mission and AMRUT.Read more

India's REIT market is entering a strong growth phase, with five listed REITs now managing nearly 140 million sq ft of office and retail real estate, according to Colliers India. While the four office-focused REITs cover 133 million sq ft, another 371 million sq ft of Grade A office space remains REIT-worthy, alongside 5 million sq ft of retail assets. Demand from Global Capability Centres, technology firms, and BFSI occupiers is driving momentum. Industry leaders from Mindspace REIT and Knowledge Realty Trust said REITs have matured into mainstream investment products, balancing stability and growth. With half of Grade A stock untapped, the sector offers vast expansion opportunities.Read more

Altum Credo Home Finance, a housing finance company catering to first-time homeowners from low-income groups, has raised INR 170 crore in equity funding from British International Investment. The infusion will support geographical expansion across India and improve the company's IT and digital infrastructure. Altum Credo indicated that this development would enhance operational efficiency, strengthen customer engagement, and reinforce its digital delivery channels.Read more

Sammaan Capital has successfully raised USD 300 million through its first international bond issuance since adopting its new brand identity. The three-year senior secured social bonds carry a coupon of 8.95 per cent, with interest payable semi-annually. The proceeds will be channelled into onward lending and sustainable financing under the Reserve Bank of India's ECB framework. The company is also preparing to raise an additional USD 500 million from a multilateral agency, aiming to increase international borrowings to 10-15 per cent of its overall funding structure in the coming year.Read more

In a strategic deal, asset management firm 360 ONE Asset has acquired a 50% stake in Bluegrass Business Park from Brookfield Asset Management for an enterprise value of approximately INR 2,400 crore. This investment, which was completed in late August 2025, reflects growing investor confidence in India's commercial real estate sector. The acquisition gives 360 ONE Asset exposure to a two million sq ft office development in Kalyani Nagar, Pune, strengthening its real assets platform and marking its first partnership with a major global institutional investor in the real estate sector.Read more

The Ranchi Municipal Corporation (RMC) has issued a strict directive to the city's top 500 property tax defaulters, demanding that they clear outstanding dues within ten days. The civic body has warned of legal action under the Jharkhand Municipal Act if payments are not made. Officials described the announcement as a last opportunity for chronic offenders, adding that repeated defaults weaken civic services and slow urban development. The RMC highlighted that property tax remains its primary source of revenue and warned that further negligence would invite stringent recovery measures.Read more

ITC Hotels announced the signing of definitive agreements with Silvercastle Holidays and Resorts for the launch of its boutique brand, Storii by ITC Hotels, in Wayanad. The upcoming 62-room property, named Storii by ITC Hotels Wayanad Silverwoods, will be situated alongside the Banasura Sagar Dam. The agreement strengthens ITC Hotels' presence in Kerala and expands the reach of its boutique offering, marking Storii's debut in the state.Read more

House of Hiranandani's Lightbridge IT park in Powai, Mumbai, has achieved the IGBC Platinum Rating, reflecting the company's commitment to sustainable commercial development. Spanning 6,00,000 sq. ft., Lightbridge integrates advanced energy-efficient systems, maximizes natural light, and provides a healthy workspace. Strategically located near metro lines and key urban infrastructure, it attracts multinational and Indian corporates alike. Hosting tenants such as CRISIL and WeWork, the building offers future-ready infrastructure, smart automation, and green landscapes. This project reinforces House of Hiranandani's reputation as a leader in sustainable, high-performance commercial developments.Read more

Square Yards reported a 45 per cent increase in revenue to INR 378 crore for the June quarter, compared with INR 260 crore in the same period last year. EBITDA reached INR 4.4 crore, and gross profit rose to INR 70 crore. The company facilitated over 55,771 transactions with a Gross Transaction Value of INR 18,480 crore. Revenue growth was seen across real estate brokerage (36 per cent), financial services (60 per cent), and home renovation (21 per cent). CEO Tanuj Shori highlighted that the results demonstrate the strength of the company's operating model and the effectiveness of its diversified business approach.Read more

BPCL is evaluating a greenfield refinery and petrochemical complex near Ramayapatnam Port in Andhra Pradesh to expand its refining and petrochemical capacity amid growing domestic energy demand. Pre-project activities are underway, with earlier estimates suggesting a 9 million tonnes per year unit costing around INR 95,000 crore. The company's Project Aspire aims to strengthen core operations in refining, petrochemicals, and renewables. BPCL currently operates three refineries, is upgrading Mumbai Refinery, and has ongoing petrochemical projects at Bina and Kochi. It is also developing renewable energy and green hydrogen projects, targeting net zero emissions by 2040.Read more

PVR INOX, India's largest cinema exhibition company, has signed a 15-year lease for a 10-screen megaplex at the new Sky City Mall in Borivali, Mumbai. The company will pay a monthly rent of INR 91.42 lakh or a 20% share of its revenue, whichever is higher, and has paid a security deposit of INR 10.97 crore. The megaplex, which is part of a larger mixed-use development by Oberoi Realty, aims to reinforce Mumbai's position as a cornerstone market for the company and create a "lifestyle-centric experience" for modern audiences.Read more

Sellwin Traders is acquiring a 60 per cent stake in US infrastructure company Shivam Contracting Inc through an equity deal, issuing shares at a minimum of INR 18 each. The USD 6 million (around INR 52 crore) investment will support current and future US projects, with fund repatriation expected within two years. Concurrently, STL is expanding in the Gulf IT market by planning a controlling stake acquisition in Dubai-based GMIIT, targeting more than 51 per cent equity. These strategic moves aim to strengthen STL's international presence while securing operational control in high-growth sectors.Read more

NBCC Ltd has secured a contract to develop a 95-acre mixed-use project in Rajasthan, with an estimated investment of INR 3,700 crore. The project, approved by the state government, will feature the Rajasthan Mandapam Convention Centre with 7,500 seats, a GCC Tower, an IT Tower, luxury hotels, and commercial and residential spaces. Situated along the B2 Bypass on Tonk Road, NBCC will act as the lead agency managing design, construction, and marketing. This project highlights the company's continued focus on large-scale urban and infrastructure developments.Read more

Shares of Reliance Power and Reliance Infrastructure hit lower circuit limits as investors reacted to recent CBI action against Reliance Communications over alleged bank fraud of INR 2,929.05 crore. Reliance Communications' shares also fell sharply. The investigating agency conducted searches at the company's official premises and Anil Ambani's residence. Both Reliance Power and Reliance Infrastructure clarified that they operate independently, have no financial or business connections with Reliance Communications, and Anil Ambani has not been part of their boards for years. The companies confirmed their operations and stakeholders remain unaffected.Read more

Indian Hotels Company Ltd (IHCL) is looking at strategic acquisitions to expand its presence in key markets and enter new destinations in Europe and Southeast Asia. With a strong, zero-debt balance sheet and a cash balance of INR 3,073 crore, the company is well-positioned to pursue these opportunities. This move is part of IHCL's 'Accelerate 2030' strategy, which has set a target of over 700 hotels in its portfolio by 2030. The company's focus is on acquiring controlling stakes in smaller firms and integrating them into its midscale and boutique luxury segments, strengthening its global footprint without acquiring physical assets for its premium brand, Taj.Read more

Japan's Sumitomo Mitsui Banking Corporation (SMBC) has received approval from the Reserve Bank of India (RBI) to acquire a significant stake of up to 24.99% in India's Yes Bank. This deal, valued at approximately USD 1.6 billion, represents one of the largest foreign investments in the Indian banking sector. While SMBC can now nominate two directors to the board, the RBI's approval specifies that the Japanese bank will not be treated as a "promoter" of Yes Bank, meaning it will not have control over its day-to-day operations.Read more

In separate exchange filings, Reliance Power and Reliance Infrastructure have clarified that the recent CBI action against Reliance Communications (RCom) and its former director, Anil Ambani, does not affect their business. Both companies stated that they are distinct and independent entities with no business or financial links to RCom. The clarification comes after the CBI registered a INR 2,929 crore bank fraud case and conducted searches at RCom's premises and Ambani's residence. The companies also noted that Ambani has not served on the board of Reliance Power for over 3.5 years, further reinforcing their separation from the ongoing legal issues of RCom.Read more