Maharashtra has approved a state guarantee of INR 3,000 crore for a HUDCO loan to acquire land for the International Business and Finance Centre in Nagpur. The project, part of the 'New Nagpur' initiative, will be developed by NMRDA across 692 hectares in Godhani and Ladgaon villages. The total loan planned is INR 6,500 crore, with strict conditions ensuring the state bears no liability for defaults. NMRDA must submit regular reports, and any sale of mortgaged assets requires committee approval. The IBFC aims to make Nagpur a central Indian business hub.Read more

Renewable energy firm ReNew Energy Global is set to invest INR 82,000 crore in Andhra Pradesh, covering the entire renewable energy value chain. The investment will focus on high-technology segments such as solar ingot and wafer manufacturing, project development, and green hydrogen and molecule production. IT and Industries Minister Nara Lokesh said this will mark ReNew's return to the state after five years. Earlier in May, the company began work on a separate INR 22,000-crore hybrid renewable project in Anantapur district with a 4.8 GWp capacity and battery storage.Read more

Prestige Estates Projects Ltd recorded a 95% rise in consolidated net profit to INR 457.4 crore for the quarter ended September, compared to INR 234.6 crore in the same period last year. The company's total income grew to INR 2,697.8 crore from INR 2,423.8 crore, supported by better sales and lower expenses. Chairman and Managing Director Irfan Razack said the first half of FY26 was encouraging, driven by steady sales momentum and strong cash flows. With a solid launch pipeline, Prestige aims to maintain its growth through the rest of the fiscal year.Read more

Marathon Nextgen Realty (MNRL) reported a net profit of INR?66.53?crore for the quarter ended September, up 34.54?% from INR?49.45?crore a year ago, despite a 6.44?% decline in total income to INR?155.06?crore from INR?165.73?crore. The company attributed this growth to strong execution, financial discipline, and operational efficiency. During the quarter, it launched Phase?III, Nirvana?Collection, of its Marathon?Nexzone township in Panvel with a gross development value exceeding INR?600?crore and raised INR?899.99?crore through a qualified institutional placement.Read more

Keystone Realtors Ltd posted a sharp 85 per cent decline in consolidated net profit for the second quarter, with earnings falling to INR 9.89 crore from INR 65.55 crore last year. Total income also declined to INR 520.90 crore. Despite the drop in profits, the company maintains a significant presence in the Mumbai Metropolitan Region, with 37 completed projects, 19 under construction, and 24 in the pipeline. Keystone has delivered over 26 million square feet of construction and continues to manage a healthy pipeline of 47 million square feet, reflecting ongoing long-term plans.Read more

JSW Energy has raised INR 250 crore through the private placement of non-convertible debentures, with 25,000 NCDs allotted at a face value of INR 1,00,000 each. The company's board had earlier approved raising up to INR 3,000 crore through such instruments. This step supports JSW Energy's operational and expansion plans, reflecting its strategic focus on debt markets to meet capital needs efficiently. Over the years, private placement of listed and rated NCDs has become a key tool for energy firms in India to raise funds while maintaining financial flexibility.Read more

Awfis Space Solutions Ltd reported a sharp 58.7% decline in its consolidated net profit for the quarter ending September 30, 2025, with profit after tax at INR 15.97 crore compared to INR 38.67 crore in the same quarter last year. Despite this, total income grew 30.14% to IN R 392.97 crore, supported by the addition of 8,000 seats in Q2 and 14,000 in H1 FY26. The company now operates 247 centres with around 170,000 seats across 8.4?million sq ft, reflecting a steady focus on network growth alongside rising operational costs.Read more

Advent Hotels International Ltd, demerged from Valor Estate Ltd, has begun trading independently on BSE and NSE. The company currently operates two hotels in Goa and Mumbai and is expanding through partnerships and joint ventures. Future projects include St. Regis and Marriott Marquis in Delhi and Waldorf Astoria, Hilton, and a large hotel at BKC, Mumbai. With five projects under development, the company aims to reach 3,100 keys. Additionally, it plans a 1.50 million sq ft integrated project in Sahar, Mumbai, with Prestige Group.Read more

Tata Power has reported a 14 per cent rise in consolidated net profit to INR 1,245 crore for the September quarter, supported by increased revenues and strategic operations. The company plans a 10 GW wafer and ingot manufacturing facility and is assessing nuclear project sites pending legal amendments. Revenues grew 3 per cent to INR 15,769 crore, while EBITDA rose 6 per cent to INR 4,032 crore. Tata Power�s integrated approach, backed by ongoing clean energy projects and robust solar manufacturing, positions it for future growth in distribution and renewable capacity expansion.Read more

The flagship firm of the Adani Group, Adani Enterprises Ltd, is set to raise around INR 24,930 crore through a rights issue priced at INR 1,800 per share a discount of approximately 24% to its recent closing price. Existing shareholders as of the upcoming record date of 17 November will be entitled to subscribe to three rights shares for every 25 shares held. The company plans to issue roughly 13.85 crore partly paid-up equity shares. This move comes on the back of expanding infrastructure investments and a prior board approval to raise up to INR 25,000 crore.Read more