TRULiV, a Chennai-based co-living and staycation operator, announced earlier this week that it had become the first company in India's alternate hospitality and co-living segment to achieve profitability. The firm reported revenues of INR 32.34 crore for FY 2024-25, more than double the previous year, and turned a profit of INR 13 lakh after posting a loss in FY 2023-24. With nearly 7,000 beds set to open across major cities, the company now eyes INR 50 crore revenues in the coming fiscal while retaining its asset-light model.Read more

The Central Government has established a committee to tackle tax and export clearance issues affecting manufacturing units, following high US tariffs on Indian goods. The panel includes representatives from key ministries, RBI, and industry bodies, and will review existing customs duties, export incentives, and clearance procedures. It will identify challenges in key export sectors such as engineering, pharmaceuticals, electronics, chemicals, textiles, and gems and jewellery, study global best practices, and suggest reforms to improve efficiency and competitiveness. With the US accounting for a significant portion of exports, these measures aim to help Indian manufacturers sustain their performance in global markets.Read more

SEBI conducted a Municipal Bond Outreach Programme in Bhopal to guide Urban Local Bodies on using municipal bonds for financing urban infrastructure. The sessions covered investor expectations, regulatory requirements, and procedures for issuing bonds. SEBI also highlighted its e-learning course on municipal bonds developed with the World Bank. Madhya Pradesh officials stressed the need for strong financial management, revenue-focused projects, and staff training. Following a similar programme in Thiruvananthapuram, SEBI continues to support ULBs in adopting municipal bonds as a reliable funding tool for urban development.Read more

IHCL has partnered with Omaxe Limited to develop a 158-key Gateway hotel in Dwarka, New Delhi, under a public-private partnership with the Delhi Development Authority. The hotel, expected to be completed by 2027, will include sporting facilities and a premium lifestyle experience. Its location near India's largest convention centre and the upcoming international cricket stadium is likely to drive strong demand. The project builds on IHCL's prior expansions in major cities and reflects its strategy to grow in high-potential urban areas. The partnership with Omaxe reinforces the hotel's expected international-standard offerings.Read more

Applied Materials has taken up more than 8 lakh sq ft of office space in Whitefield, Bengaluru, by signing a 10-year lease valued at INR 855 crore. The office is located in ITPB-Endeavour and spans the ground plus 15 upper floors. The monthly rent is INR 5.97 crore, with rent set at INR 74 per sq ft and scheduled to increase by 15% every three years. A security deposit of INR 35.8 crore has also been paid. The agreement includes a firm option to lease an extra 3 lakh sq ft in Tower 8, which is under construction.Read more

The Uttar Pradesh Cabinet has approved a flat fee of INR 5,000 for both stamp duty and registration charges on property partition deeds, replacing the earlier 4% stamp duty and 1% registration fee. The move is intended to make property division among families more affordable, encourage formal registration, and reduce disputes that often end up in courts. Although the initial revenue loss is projected at around INR 6.38 crore, officials expect that increased registrations over time will balance the loss. Similar reforms in other states have led to more transparent property settlements.Read more

Broadshore Capital Partners has completed a management buyout, achieving full independence as a real estate investment and advisory firm. The ownership previously held by Guardian was acquired by the management team under CEO Brad Howe, who highlighted the firm's entrepreneurial roots and the importance of aligning leadership with client interests. Operations and senior management remain unchanged, while COO Russell Munn stressed that support from investors and employees made the deal possible. With assets under management above USD 9 billion, Broadshore aims to focus on new investment opportunities in the next phase of the market.Read more

WeWork India has leased 22,700 sq ft of office space to Chargebee at its Chennai centre. The global billing and monetisation platform has opened its new office within this facility. WeWork India, which has a presence across eight cities with over one lakh desks, is also preparing to launch its Initial Public Offering in the near future, marking a significant milestone in its expansion strategy.Read more

BBMP has sent electronic demand notices to over 2.75 lakh Bengaluru property owners for unpaid dues exceeding INR 786 crore. The notices were distributed zone-wise, with Mahadevapura recording the highest number of defaulters. Property owners have been instructed to pay or appeal through the BBMP portal, while defaulters face the risk of property attachment and distress sale. The civic body collected INR 4,604 crore last fiscal year, short of its INR 5,210 crore target. Past digital initiatives such as e-khata revealed under-reporting worth hundreds of crores. Recent reminders, restrictions on transactions, and citizen complaints over inflated notices were also part of the drive.Read more

Apple has leased 64,125 sq ft of additional office space in Hyderabad's WaveRock Tower, strengthening its presence in the city. The lease, signed for five years, involves a monthly rent of INR 80.15 lakh with a structured warm shell and fit-out rental model. Apple has also deposited INR 4.8 crore as security, with a yearly escalation clause of 4.77%. The agreement includes parking provisions and a three-year lock-in period. With this expansion, Apple now occupies more than 5 lakh sq ft at the WaveRock campus, continuing its growth in India after recent expansions in Bengaluru.Read more

A recent SBI Research report indicates that states are likely to remain net gainers even after the proposed GST rate rationalisation. The move, which shifts the current four-tier GST structure to a two-tier system of 5% and 18%, with select items taxed at 40%, may initially cause a 3-4% short-term dip in monthly collections. However, evidence from previous rate rationalisations in 2018 and 2019 shows revenues rebound within months. With about 70% of total GST revenues ultimately flowing to states, they are expected to receive over INR 14.1 lakh crore in FY26, including SGST and devolution.Read more

Trident Ltd has approved an investment of up to INR 250 crore to acquire a 30.42 percent stake in Trident Global Corp Ltd, a company active in marketing and selling home textiles. The investment will be made in multiple tranches, subject to regulatory approvals, and is classified as a related-party transaction. The company aims to secure domestic brand market access, leverage TGCL's manufacturing, strengthen brand equity, and establish itself as a multi-category home solutions provider. The decision also addresses geopolitical challenges, including US tariffs, and seeks to capitalize on the Swadeshi movement.Read more

MUFG is set to launch a 100 billion yen (USD 680 million) fund targeting Japanese real estate, focusing on mid-sized offices, residential properties, and hotels in Tokyo, Osaka, and Nagoya. Institutional investors will contribute 30 billion yen, with the remainder financed through debt. This marks the company's second-largest fund, aiming to improve underperforming assets amid rising investor return expectations. The move follows other major fund launches this year by Dai-ichi Life, Marubeni, Orix, and Morgan Stanley. MUFG's asset management arm seeks to grow from 500 billion yen to 1 trillion yen in assets by 2030.Read more

Tathastu Realty announced plans to invest INR 200 crore in developing a six-acre high-street commercial project named 'Swarnim' in Rewari, Haryana. The development will feature 1,200 retail shops. Expected sales realisation is around INR 400 crore. The project will be fully funded through internal accruals and customer advances, with possession targeted for 2029.Read more

Brookprop Management Services, the manager of Brookfield India Real Estate Trust, resolved a regulatory case with the Securities and Exchange Board of India (SEBI) earlier this week by paying INR 20.47 lakh. The matter related to alleged violations of Real Estate Investment Trust (REIT) regulations, specifically the use of borrowed funds to facilitate distributions. SEBI disposed of the adjudication proceedings following the acceptance of the settlement proposal filed by the entity.Read more

India's economy grew at 7.8 per cent in the first quarter of 2025, exceeding expectations despite global uncertainties and challenges arising from economic self-interest. Prime Minister Shri Narendra Modi highlighted that growth was visible across all major sectors, including manufacturing, services, agriculture, and construction, reflecting increased energy and activity in industries and among citizens. India has remained the fastest-growing major economy, outpacing China, while the US economy grew by 3.3 per cent. The Prime Minister also hinted at a new phase of next-generation reforms, including possible cuts in the goods and services tax on widely used products.Read more