TARC Ltd has delivered a clear turnaround, posting a consolidated net profit of INR 54.21 crore for the June quarter after experiencing a loss the same time last year. Total income jumped sharply to INR 295.36 crore, up from just INR 9.62 crore previously. This follows a challenging previous fiscal year, when the company ended deep in the red with a net loss exceeding INR 230 crore on modest income. Renewed momentum was driven by its real estate developments in Delhi and Gurugram, supported by strong housing demand and improved project execution.Read more

Brigade Enterprises' consolidated net profit nearly doubled to INR 158 crore in Q1 FY26, up 95% from INR 83.72 crore a year earlier, driven by strong residential sales and its successful INR 885.6 crore IPO. Total income rose 19% to INR 1,332.86 crore. Pre-sales hit INR 1,118 crore for 0.95 million sq ft, with average realisation per sq ft up 24% to INR 11,782. Leasing revenue grew 15% to INR 300 crore with 92% occupancy, while hospitality revenue rose 19% to INR 141 crore. With 16 million sq ft in planned launches and 1,700 hotel keys, Brigade's market position was further boosted by an ICRA rating upgrade to AA (Stable).Read more

The government has introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, in the Lok Sabha, proposing sweeping reforms to improve the efficiency of the insolvency process. The bill, which has been referred to a select committee of Parliament for review, aims to cut down on delays, protect stakeholders, and enhance governance. It includes new provisions for group insolvency and an out-of-court resolution process, seeking to address a current case backlog and bring India's insolvency framework in line with global standards.Read more

Bollywood actor Hrithik Roshan and his father Rakesh Roshan, through their company HRX Digitech LLP, have purchased three premium office units in Chandivali, Mumbai for INR 31 crore. The transaction, which was registered on July 9, 2025, involved a total carpet area of 13,546 square feet in the Boomerang building. This acquisition is part of the Roshan family's strategic expansion of their commercial real estate portfolio, reinforcing Chandivali's growing reputation as a key business hub in the city.Read more

Nila Spaces has committed INR 5 crore from internal accruals to Earth Fund as a limited partner, securing access to emerging ventures in smart infrastructure, low-carbon materials, and digital construction workflows. The move is designed to integrate advanced PropTech and sustainability-focused solutions into its developments, underscoring the company's strategic focus on innovation and climate-conscious real-estate growth.Read more

The Ministry of New and Renewable Energy (MNRE) is set to clear a subsidy backlog of over INR 200 crore for waste-to-energy projects under the National Bioenergy Programme. This was announced after a guideline requiring plants to show 80% efficiency for three consecutive months was relaxed in June. An official said this norm was impractical, as plants often operated at lower capacity without assured off-take. The new rule allows subsidy release based on a one-day demonstration of capacity, and the backlog is expected to be cleared in a few months following post-monsoon inspections.Read more

Deutsche Pfandbriefbank (PBB), a prominent German property financier, has reported a substantial net loss of EUR 266 million (approximately USD 310.79 million) for the second quarter, a significant decline from the EUR 11 million profit recorded in the same period the previous year. This downturn is attributed to increased risk provisions as the bank withdraws from the U.S. market, a decision influenced by perceived volatility under President Donald Trump's administration. The bank's exposure to the U.S. market, which constituted 12% of its portfolio but accounted for 45% of its non-performing loans, has been a contributing factor to its financial challenges.Read more

The Asia Pacific commercial real estate sector showed strong resilience in the first half of 2025, with investment volumes climbing 18% year-on-year, according to CBRE's mid-year market outlook. Backed by solid fundamentals, CBRE revised its full-year forecast to a 10-15% rise in investments, driven largely by demand in Korea, Japan, and Singapore. Office leasing is expected to remain steady, with significant rental growth in Tokyo and Mumbai, while Greater China faces continued declines. Logistics and retail are forecast to remain stable, and hospitality is witnessing strong performance in markets such as Japan, Korea, Vietnam, and India.Read more

Grovy India Ltd achieved a net profit of INR 1.1 crore in the first quarter of the current fiscal, reversing a loss of INR 25 lakh from the previous year's same period. The company's revenue surged from INR 1.3 crore to INR 8.3 crore, driven by ongoing luxury apartment projects covering over 100,000 sq ft in South Delhi. Since its establishment in 1985, Grovy India has completed over 100 projects focused on independent floors, mainly in South Delhi. The company's improved financial health reflects growing demand for premium residential properties in the region.Read more

Puravankara Ltd recorded a consolidated net loss of INR 68.55 crore in the April-June quarter, reversing from a net profit of INR 14.78 crore in the same period last year. The Bengaluru-based realty firm's total income dropped to INR 538.64 crore from INR 675.55 crore year-on-year, reflecting a decline in revenue. Although total expenses decreased slightly from INR 654.41 crore to INR 628.76 crore, it was not enough to offset the fall in income. On a positive note, sales bookings rose by 6% to INR 1,124 crore, while sales volume slipped marginally but the average realisation improved by 9% to INR 8,988 per sq ft, indicating better pricing despite volume pressure.Read more

Genus Power Infrastructure posted a standalone net profit of INR 128.5 crore for the June quarter, over three times last year's INR 40.7 crore, driven by strong revenue growth and operational gains. Revenue rose to INR 942.4 crore from INR 414.2 crore, supported by higher sales volumes and efficiency improvements, despite increased finance costs. Known for smart metering solutions, the company credited the performance to robust execution and rising demand as utilities and industries adopt digital energy management. With government-backed energy efficiency initiatives boosting advanced metering infrastructure, Genus Power continues to strengthen its position in India's smart metering sector.Read more

Kalpataru Ltd reported a substantial consolidated net loss this week INR 49.42 crore markedly higher than the minor INR 0.69 crore loss in the same period last year. Total income dropped notably to INR 456.78 crore, although pre-sales rose sharply by 83 per cent to INR 1,249 crore and collections climbed 37 per cent. A significant factor behind the figures is the project-completion method now used for revenue recognition, leading to mismatched expenses and income. Despite strong demand and pricing, the timing of revenue booking overshadowed operational prospects.Read more

Vikram Solar, a solar module maker, has set a price band of INR 315 to INR 332 per share for its upcoming INR 2,079 crore Initial Public Offering (IPO). The IPO, which will open for subscription on August 19, will include a fresh issue of up to INR 1,500 crore to fund capital expenditure for its subsidiary, VSL Green Power Private Ltd. The remaining amount will be an offer for sale by promoters. This public issue, which reflects Vikram Solar's strong financial performance and growing capacity, is aimed at strengthening the company's position in India's renewable energy sector.Read more

The Supreme Court has directed a fresh Special Investigation Team (SIT) to examine allegations of collusion between Noida Authority officials and builders over inflated land acquisition payouts. The three-member team, supported by forensic and economic offences experts, must scrutinize bank and asset trails of officials, landowners, and their families and act under law where wrongdoing emerges. The court also imposed environmental checks on new projects, mandated oversight via a Chief Vigilance Officer and a Citizens Advisory Board, and awaits updates in eight weeks.Read more

India's four publicly listed Real Estate Investment Trusts Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust distributed INR 1,559 crore to more than 2.7 lakh unitholders in the first quarter of FY 2025-26, registering a year-on-year increase of around 13 %. Together, they manage over 129 million square feet of Grade A office and retail space. By late July, their combined market capitalisation crossed INR 1 lakh crore, while total gross assets under management stood near INR 1.63 lakh crore. Since inception, they have paid investors over INR 24,300 crore.Read more

Aditya Birla Fashion and Retail Ltd (ABFRL) posted a larger consolidated net loss of INR 233.73 crore in the latest quarter, compared to INR 214.92 crore in the same period last year. Revenue from operations inched up to INR 1,831.46 crore from INR 1,674.22 crore, but higher expenses weighed on earnings. Pantaloons' revenue slipped marginally, while the Ethnic & Others segment saw a sharper drop. During the quarter, the company completed the demerger of its Madura business into a new listed entity, Aditya Birla Lifestyle Brands Limited, housing its key lifestyle and sportswear brands.Read more

Juniper Green Energy has secured INR 1,739 crore in debt financing from the Indian Renewable Energy Development Agency (IREDA). This funding will support the growth and development of the company and its subsidiaries, enabling the execution of large-scale renewable projects and strengthening its operational capacity. This is the second debt raise for the company in the past year, as it looks to expand its portfolio of solar, wind, and hybrid renewable energy projects, aligning with India's sustainable energy goals.Read more

Brigade Hotel Ventures Ltd. has signed a pact with Marriott International, Inc. to manage six new hotels across four key markets in South India, adding 940 rooms to its portfolio. The hotels will be operated under five Marriott Bonvoy brands, including The Ritz-Carlton and JW Marriott. This agreement brings the company's total number of hotels managed by Marriott to eight, with a total of 1,388 keys. The pact reflects Brigade Enterprises' belief in the long-term potential of India's hospitality industry and its commitment to providing high-quality hotels to both business and leisure travelers.Read more

Retail inflation eased to 1.55 percent in July, marking its lowest level in eight years and dipping below the Reserve Bank of India's (RBI) comfort threshold for the first time since early 2019. This decline is largely due to lower food prices and a favorable base effect. While rural inflation stood at 1.18 percent and urban inflation at 2.05 percent, regional disparities were notable, with Kerala recording the highest inflation. Experts suggest that despite the current low inflation, a rise beyond 4 percent is expected in the coming quarters, potentially limiting RBI's ability to reduce interest rates further.Read more

Weaver Services has completed the INR 267 crore acquisition of Capital India Home Loans Limited, marking its formal entry into the affordable housing finance market. Funded by notable investors including Premji Invest and Gaja Capital, this move supports Weaver's plan to build a tech-driven finance platform focused on self-employed people in smaller towns. The company is prioritizing financial inclusion for women borrowers, who face challenges accessing credit. With this acquisition, Weaver is poised to scale rapidly and contribute significantly to addressing credit gaps in underserved communities.Read more