The Finance Minister held a detailed consultation with senior leaders from major infrastructure and energy companies earlier this week as part of the ongoing preparations for the forthcoming FY27 Budget. Representatives from Afcons, Shapoorji Pallonji Infrastructure Capital, GMR Group, JM BAXI Group and Infravision Foundation shared sector-specific inputs, while senior officials from key ministries and the Railway Board also participated. The upcoming Budget, expected to be presented in the near future, will be framed against ongoing geopolitical uncertainties, including the steep 50 per cent US tariff on Indian shipments, and the need to reinforce demand and employment generation.Read more

India's markets regulator is considering measures to broaden investment flexibility for Real Estate Investment Trusts and Infrastructure Investment Trusts. The regulator's chairperson shared that SEBI is reviewing a proposal to widen the pool of liquid mutual fund schemes available to these trusts while ensuring investor protection. The regulator is also working with other financial bodies to encourage greater institutional participation. Plans to include REITs in market indices and examine whether private InvITs may invest in greenfield projects are part of the ongoing discussions aimed at strengthening the ecosystem for these investment vehicles.Read more

IL&FS has completed the transfer of shares of its key road asset, Chenani-Nashri Tunnelway Limited, to Cube Highways & Infrastructure for INR 6,145 crore. The deal includes settling around INR 5,454 crore of debt with a consortium of banks and financial institutions. CNTL has ceased to be an IL&FS subsidiary, and Cube's nominees have joined the Board. This transaction increases IL&FS Group's total debt repayment beyond INR 48,000 crore. The Chenani-Nashri Tunnel, operational since 2017, remains a critical all-weather route linking Jammu and Srinagar.Read more

JSW Energy has cleared a key hurdle in expanding its infrastructure network by securing creditor approval to acquire Raigarh Champa Rail Infrastructure, currently under insolvency. This follows the company's earlier acquisition of KSK Mahanadi Power Company Ltd, a 3,600 MW thermal power plant in Chhattisgarh, for INR 16,084 crore. The acquisition of RCRIPL will strengthen JSW Energy's control over coal transportation for KMPCL. The transaction has received a Letter of Intent, but its completion depends on approval from the National Company Law Tribunal.Read more

PNB Housing Finance's credit rating has been upgraded by India Ratings from 'IND AA+' to 'IND AAA' with a stable outlook, reflecting its consistent improvement in profitability, strong asset quality, and diversified loan portfolio that reduces concentration risks. The rating also benefits from Punjab National Bank's strategic stake in the company. Meanwhile, Capital India Finance Ltd has appointed former SBI executive Surender Rana as executive vice chairman for three years from November 18, 2025. His extensive experience in MSME and agriculture financing strengthens CIFL's leadership as it focuses on governance-led and scalable growth.Read more

IRB Infrastructure Developers has moved to transfer its Gandeva Ena project on the Delhi-Mumbai Greenfield Expressway to its publicly listed InvIT fund. Spanning 27.5 km at a cost of INR 1,702 crore, the project recently received a provisional completion certificate and is generating revenue. The transfer aligns with the company's strategy to unlock capital, ensure long-term cash flow for the InvIT, and support future growth. The eight-lane project, located in Gujarat, is part of NHAI's Package-VII under the Bharatmala Pariyojana.Read more

Independent floors in South Delhi saw strong annual price growth, driven by active redevelopment, rising demand for luxury housing and improving buyer confidence. The Golden Growth Fund reported that values in Category A and B colonies rose 12%-17% in the past quarter, with Category A areas such as Vasant Vihar, Jor Bagh and Panchsheel recording about 17% growth. Prices for a 2,500 sq ft floor climbed to INR 11-23 crore, while larger 6,000 sq ft units reached INR 22-53 crore. Category B colonies saw 12%-15% growth. The fund noted that redevelopment potential exceeds INR 6 lakh crore, with upgraded amenities, better layouts and strong demand continuing to support higher prices and rentals.Read more

Shares of Jaiprakash Power Ventures Ltd surged sharply following the approval of Gautam Adani's acquisition plan for Jaiprakash Associates. Adani Enterprises won the bid, outbidding Vedanta and Dalmia Bharat, securing 89 per cent of creditor votes. JAL, which entered insolvency proceedings last year after defaulting on loans of over INR 57,000 crore, holds significant assets across real estate, cement, hospitality, power, and infrastructure. The acquisition and market response reflect growing investor confidence in the company's resolution process and future prospects.Read more

NHAI is preparing to launch the Raajmarg Infra Investment Trust (RIIT) as a Public InvIT, offering retail investors direct opportunities to invest in operational National Highway assets. The investment trust will be managed by RIIMPL, a joint venture of leading banks and financial institutions, and aims to unlock monetization potential while ensuring strong governance and transparency. NHAI has already demonstrated success in monetizing highway assets through the TOT model and Private InvITs. The first public issuance of units is expected in February 2026, covering around 1,500 km of operational highways.Read more

Gautam Adani's Adani Enterprises has received creditor approval to acquire Jaiprakash Associates (JAL) for INR 14,535 crore, outbidding Vedanta and Dalmia Bharat. The CoC, dominated by NARCL, approved the plan with Adani securing 89% of votes. The proposal includes INR 6,005 crore upfront and INR 7,600 crore payable over two years, while Vedanta offered a back-ended five-year plan. JAL, in CIRP since last June due to INR 57,185 crore in loan defaults, owns major real estate, cement, and hospitality assets. The plan is now subject to regulatory approvals, including the National Company Law Tribunal.Read more