Signature Global Ltd has reported a sharp rise in its consolidated net profit for the first quarter of FY26, hitting INR 34.43 crore five times more than the INR 6.79 crore it earned during the same period last year. This strong growth came on the back of a significant boost in total income, which nearly doubled to INR 898.35 crore, driven by increasing residential demand. The Gurugram-based company is a key player in India's real estate landscape and has been capitalizing on the country's robust appetite for affordable and mid-income housing.Read more

Varmora Granito Ltd, a leading tile and bathware manufacturer based in Rajkot, has filed its draft red herring prospectus with the Securities and Exchange Board of India to launch its IPO. The offering includes a fresh issue worth INR 400 crore and an Offer for Sale (OFS) of 5.24 crore shares by promoters and investor Kastura Investments. The funds raised will primarily be used to repay borrowings of both the company and its subsidiaries, and for corporate purposes. The IPO will be managed by JM Financial, Goldman Sachs India, and SBI Capital Markets.Read more

Ramco Cements reported a fivefold jump in consolidated net profit to INR 181.58 crore in the first quarter of FY26, driven by higher cement prices and better operational efficiency. Although the company's revenue dipped marginally to INR 2,074 crore, a 23% growth in EBITDA and reduced expenses helped lift the bottom line. Cement sales volume declined by 7% due to early monsoon impact in Kerala and slowing infrastructure demand in the eastern region. Capacity utilisation also fell, but the company remains focused on expanding capacity to 30 MTPA by March 2026.Read more

ITC Hotels' Fortune brand is expanding in Uttar Pradesh with a new property in Lucknow through a tie-up with CEM Hospitality, bringing its operational presence in the state to seven hotels. Located on Lucknow-Kanpur Road, the 93-room hotel will feature a multi-cuisine restaurant, rooftop dining, a bar, banquet halls, a swimming pool, gym, and spa. CEM Hospitality Chairman Indermohan Singh said the partnership leverages Fortune's strong brand and operational expertise. The group already operates hotels in Lucknow, Aligarh, Ghaziabad, and Noida, with new developments underway in Ayodhya and other locations, reflecting its strategy to strengthen its presence in high-growth destinations.Read more

It emerged that Country Garden, the Chinese property developer, managed to secure a deferral from the Hong Kong High Court, postponing its liquidation hearing until early next year. The hearing had been scheduled for this month but has now been pushed to early 2026, giving the firm a valuable window to pursue creditor backing for a sweeping offshore debt restructuring. The proposal aims to cut around USD 14.1 billion of liabilities by roughly 78 per cent, and winning sufficient support remains crucial to persuading the court to dismiss the petition.Read more

Brookfield Asset Management has expanded its footprint in Mumbai, acquiring another floor in Godrej BKC for INR 370.25 crore under the IBC process. Exercising its right of first refusal, Brookfield now controls three contiguous floors-about 250,000 sq ft-along with parking rights and Jet Airways' former board seat for the building. The deal comes amid surging BKC rents, now INR 650-700 per sq ft per month. Brookfield's earlier two floors, bought in 2020, are leased to tenants like World Bank and PayPal. The firm has also secured a prime two-acre plot in BKC, reinforcing its long-term strategy in Mumbai's premium office market.Read more

BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, subsidiaries of Reliance Infrastructure, are set to recover regulatory dues amounting to INR 28,483 crore following a Supreme Court directive. The order mandates that the recovery process, covering regulatory assets and carrying costs, be completed within a specified timeframe, starting retrospectively from April 2024. The ruling comes after a decade-long legal dispute over non-cost reflective tariffs, unlawful creation of regulatory assets, and delayed liquidation, impacting millions of electricity consumers in Delhi.Read more

Cowrks, a premium flexible workspace brand owned by Brookfield Properties, has expanded its managed office portfolio to over 1 million sq ft across major cities, including Mumbai and Bengaluru. The company has introduced Enterprise Plus, offering dedicated managed offices with end-to-end design and operational services for enterprises and global capability centres (GCCs). This growth is driven by rising demand for customised, fully managed workspaces in markets such as Delhi-NCR, Chennai, and Hyderabad.Read more

India's largest real estate developer, DLF Ltd, is set to invest INR 23,500 crore towards completing its ongoing residential projects across Delhi-NCR and Mumbai. With a strong liquidity position, including INR 10,429 crore in cash and INR 37,220 crore in customer receivables, the company is well-capitalized for this construction drive. Recent launches like DLF Privana North in Gurugram and a premium project in Mumbai have already seen complete sell-outs, significantly contributing to record-breaking sales bookings. DLF is targeting INR 20,000-22,000 crore in bookings this fiscal, having already crossed INR 11,425 crore in the first quarter.Read more

Arisinfra Solutions Ltd reported a 21% drop in net profit for the first quarter of FY26, attributing the dip to one-time public issue expenses. The company's revenue, however, rose by 11% year-on-year. A provisional order worth INR 40 crore was also secured by its subsidiary, ArisUnitern RE Solutions Pvt Ltd, indicating robust operational momentum. Excluding IPO-related costs, the company claims its adjusted PAT surpasses the entire previous fiscal's profit. This quarter marks a key milestone as the firm ramps up operations across the construction and real estate sectors.Read more

Reliance Infrastructure's power distribution arms, BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, have received Supreme Court approval to recover INR 21,413 crore in regulatory assets over the next four years. This decision came as part of a broader directive where Delhi's three private discoms, including Tata Power Delhi Distribution Ltd, are allowed to recover a total of INR 27,200.37 crore. The court's judgment settles a decade-long dispute, mandating Electricity Regulatory Commissions to not only set recovery roadmaps but also audit the reasons behind the prolonged deferral.Read more

Warehousing rentals in the Delhi-NCR region fell by 10% in the first half of 2025, reaching INR 21 per sq ft monthly, according to Vestian. This decline was largely due to a significant portion of leasing around 60% happening at below-average rental rates. While rental values stayed largely steady across India's top seven cities, Pune witnessed a 13% hike, leading the pack at INR 31 per sq ft per month. Meanwhile, investments in warehousing assets across the country saw a dramatic 98% annual dip, totaling only USD 32 million during the same period.Read more

KRERA has ruled that both developers and landowners are jointly responsible for arranging water and sewerage connections in joint development housing projects. The decision follows complaints from 30 homebuyers of a Yelahanka project who had paid for utilities but are still waiting for connections due to non-payment of dues to BWSSB. KRERA also directed both parties to hand over all necessary project documents to the residents' association. The order strengthens buyer rights and holds landowners accountable, even if the power of attorney has been revoked.Read more

The Reserve Bank of India recently released a draft circular proposing stricter timelines and penalties for banks that delay settling claims related to the accounts, lockers, or safe custody articles of deceased customers. The central bank suggested that banks must release funds to nominees without demanding succession certificates or court orders, provided there's no dispute and only basic documents are submitted. Delays would attract penalties interest at bank rate plus 4% for deposits, and INR 5,000 per day for lockers. Even non-nominee claims can be processed internally up to INR 15 lakh. Feedback on the draft is being invited before final guidelines are issued.Read more

Reliance Retail, India's largest retailer and part of Reliance Industries, has scaled up its capital expenditure by 37.5%, reaching INR 33,696 crore for FY2025-26. This surge aligns with its aggressive expansion strategy, including store rollouts, digital integration, and strengthening its FMCG presence. Revenue climbed to INR 3.3 lakh crore, backed by consumer electronics, grocery, and fashion segments. With nearly 19,340 stores, strategic partnerships with top global brands, and acquisitions of emerging Indian labels, the company has reinforced its leadership in both offline and online retail. It continues to lead in the omni-channel space, supported by platforms like JioMart and Milkbasket.Read more

Chennai-based DRA Group has entered into a strategic joint venture with the Philippines-based Balajadia Family Office to develop a large-scale commercial and retail project in India. The collaboration, sealed during the Philippines-India Business Forum in Bengaluru, will see the development of one million square feet of Grade-A space in the first phase. The project is being launched with an estimated investment of USD 100 million and will be carried out through a specially created SPV platform.Read more

The Goa government has introduced major stamp duty reductions on certain property-related transactions, including mortgage deeds without transfer of possession and trust deeds set up for family or charitable purposes. The proposed amendments aim to reduce financial burden on borrowers and promote formal registration of trusts. This follows earlier incentives offered to cooperative housing societies. The initiative complements ongoing national-level efforts to digitize property registration and strengthen ownership clarity, aligning Goa's reforms with broader real estate modernization across India.Read more

The BDA has addressed a long-standing issue by revising its rules around occupancy certificates that previously required 10% of flats to be allocated for Economically Weaker Sections a mandate the High Court struck down as unconstitutional last year. Homebuyers who'd been stuck in limbo over such certificates can now move forward, with projects like Sobha Arena already receiving corrected OCs. This development ends a frustrating delay that began with a flawed circular, bringing welcome clarity and closure to affected buyers in the city.Read more

Adani Airports is rolling out a city-side development plan worth INR 20,000 crore to reshape its airport business model and boost non-aeronautical revenue. Nearly 70% of this investment will go into Mumbai and Navi Mumbai airports. The first phase spans 655 acres across eight airports, with mixed-use developments like hotels, retail, offices, and entertainment zones. The company aims to increase non-aero revenue share from about 50% now to 70% by 2030. This move aligns with global airport-city models and follows a strong 25% year-on-year rise in airport segment revenue.Read more

Schneider Electric Infrastructure saw its net profit slide by nearly 15% to INR 41.24 crore in the first quarter of the financial year, down from INR 48.48 crore in the same period last year. This drop in profit came despite an increase in total revenue, which rose to INR 625.93 crore from INR 595.51 crore. A significant rise in total expenses, climbing to INR 570.04 crore from INR 530.20 crore, weighed heavily on the bottom line. The results were disclosed through a regulatory filing made earlier this week.Read more