Public sector banks have approved more than 5.79 lakh loan applications amounting to INR 10,907 crore under the PM Surya Ghar Muft Bijli scheme, supporting households in installing rooftop solar systems. The scheme offers collateral-free, affordable credit with simplified processes via the JanSamarth digital portal. The Department of Financial Services, in coordination with the Ministry of New & Renewable Energy, is closely reviewing loan disbursement and working with bankers' committees and district managers to boost outreach and adoption.Read more

Keystone Realtors posted sales bookings of INR 763 crore in the second quarter of the fiscal, marking a 9 per cent increase from INR 700 crore in the same period last year. The company's half-year bookings surged 40 per cent to INR 1,831 crore, up from INR 1,311 crore a year earlier. The growth reflects strong demand for residential properties under its Rustomjee brand. As one of India's leading real estate developers, Keystone's performance indicates stability and buyer confidence in the housing market.Read more

IRB Infrastructure recorded an 11 per cent increase in toll revenue for September 2025, reaching INR 557 crore from INR 502 crore a year ago. The MP Expressway in Maharashtra contributed the most, followed by Hyderabad's Golconda Expressway and the Ahmedabad-Vadodara Super Express Tollway. Newly added Lalitpur-Lakhnadon NH44 also showed revenue growth. Despite monsoon-related traffic challenges and temporary GST-related slowdowns, IRB maintained strong performance. The upcoming festive season is expected to further support toll revenue, reflecting the company's operational resilience and the steady performance of its integrated highway network.Read more

The Asian Development Bank (ADB) has approved a USD 190 million loan to support the Indore Metro Rail Project, which aims to improve urban mobility, reduce emissions, and promote inclusive growth in Madhya Pradesh. The funds will finance an 8.62 km underground corridor with seven stations, connecting dense city zones to the airport. Designed with universal accessibility, the metro will include ramps, lifts, CCTV, and emergency systems. Expected to cut 12,414 tons of CO2 emissions annually, it will integrate with city buses and feeder networks for seamless connectivity. Implemented by MPMRCL and operational by January 2030, the project also advances transit-oriented development and gender-inclusive participation in transport planning.Read more

Truhome Finance, formerly Shriram Housing Finance, is set to receive an additional INR 500 crore from its largest shareholder, Warburg Pincus, taking the total investment beyond INR 2,000 crore. The company plans to grow its loan portfolio aggressively, aiming for over INR 23,000 crore in assets under management (AUM) this fiscal year, with a target of INR 25,000 crore by June 2026. The lender is focusing on the self-employed segment, upgrading technology, expanding its branch network, and increasing its workforce, while keeping an IPO under consideration.Read more

The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has extended its property tax amnesty scheme until the end of October, offering a 50% discount on penalty charges. Originally launched in mid-July as the 'Freedom From Penalty' scheme, it provided higher waivers and helped recover around INR 100 crore in outstanding dues. Initially limited to residential properties, the scheme now includes commercial and industrial units. The civic body has urged property owners to settle their dues ahead of a strict collection drive planned after the amnesty period, reinforcing tax compliance and revenue generation.Read more

Praxis Home Retail has received overwhelming shareholder approval to waive a related-party loan of INR 88.07 crore, including a principal of INR 85.28 crore and interest of INR 2.79 crore. With this step, the company enters FY2025-26 free of these obligations, reflecting strong confidence in its strategic direction. New investors, including Mathew Cyriac & Elimath Advisors Pvt Ltd and Subhash Phootarmal Rathod with associated entities, have acquired significant stakes. Supported by a revitalized management team and strengthened corporate governance, Praxis, operating 20 HomeTown stores across 18 cities, is poised for sustainable growth and long-term value creation.Read more

Sobha Ltd recorded a 61% jump in its second-quarter sales bookings, reaching INR 1,902.6 crore, reflecting higher demand for its residential properties. Bengaluru contributed nearly 70% of sales, led by the Sobha Town Park project, while Delhi-NCR and Kerala regions also added substantial value, supported by festive season demand. For the first half of the fiscal year, Sobha achieved its best-ever H1 performance with sales of INR 3,981.4 crore. Despite declining housing sales volumes in major cities, leading branded developers like Sobha are capturing market share from smaller, unorganized players.Read more

Niti Aayog has proposed a presumptive taxation scheme for foreign companies to provide clarity, simplify compliance, and safeguard government revenue. The think tank highlighted that unclear rules on permanent establishments (PE) create tax uncertainty and could affect investment inflows. The scheme allows companies to declare income at a prescribed rate without maintaining detailed books of account, with sector-specific rates and an option to file regular returns if actual profits are lower. The reform is aimed at aligning India's tax policy with its economic vision and improving its global business standing.Read more

Steel Exchange India has secured a refinancing facility of INR 350 crore from a consortium of financial institutions, including Kotak Mahindra Investments Limited, Oxyzo Financial Services Limited, and Kotak Credit Opportunities Fund. INR 150 crore has already been used to prepay high-cost NCDs and a term loan, while the remaining INR 200 crore is set to acquire outstanding NCDs, pending approvals. The company expects the refinancing to ease interest costs, improve cash flows, and provide financial flexibility to support long-term growth. Steel Exchange India operates an integrated steel and power plant near Visakhapatnam.Read more