Ashoka Buildcon, through its subsidiary Viva Highways Limited (VHL), has acquired a majority stake in Jaora Nayagaon Toll Road Company (JTCL) by purchasing 74,620,000 equity shares from Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust for INR 166.59 crore. This acquisition increases Ashoka Buildcon's holding in JTCL to 61.17 %. JTCL, incorporated in 2007, has a concession from Madhya Pradesh for upgrading 125-250 km of State Highway 31 on a Build-Operate-Transfer basis. The company reported a total income of INR 265.50 crore and a net worth of INR 639.89 crore in the latest fiscal year.Read more

Ashok Leyland announced that its total vehicle sales registered a year-on-year rise of 9 per cent in September. The company revealed that domestic sales increased by 7 per cent, with notable contributions from both heavy and light commercial vehicles. While medium and heavy commercial vehicles posted modest growth, light commercial vehicles saw a stronger double-digit rise, highlighting continued demand across categories.Read more

The Reserve Bank of India has maintained its policy interest rate at 5.5% for the second consecutive time, reflecting caution amid global trade uncertainties and potential slowdown from U.S. tariff developments. The decision follows a series of rate cuts earlier in the year aimed at boosting growth. Retail inflation remains subdued, easing to a six-year low of 2.07% in August, supported by falling food prices. The RBI continues to balance supporting economic activity while keeping inflation under control through measured policy actions.Read more

The Delhi government has initiated the revision of circle rates for land and properties across the city, a step that comes more than a decade after the last update in 2014. The move is intended to align property valuations with current market conditions and improve transparency in transactions. Public feedback is being sought within the next 15 days, with individuals, resident welfare associations (RWAs), industry bodies, and property owners encouraged to share suggestions via email. The process follows earlier attempts by the previous government and includes guidelines for different property categories.Read more

The Reserve Bank of India has introduced proposals allowing banks to finance corporate acquisitions, fulfilling a long-standing demand from domestic lenders. This includes raising lending limits against shares and IPOs, and removing restrictions on large borrowers that existed since 2016. The RBI also aims to reduce borrowing costs for NBFCs financing high-quality infrastructure projects. Furthermore, licensing for new Urban Co-operative Banks, paused for nearly two decades, is being reconsidered through a discussion paper. These measures are designed to enhance credit availability, encourage corporate investments, and manage systemic risks effectively within the banking system.Read more

India's equity benchmarks are poised to open higher on Friday, with Gift Nifty futures at 24,929.5, signalling the Nifty 50 will open above Wednesday's close of 24,836.3. Both the Nifty 50 and Sensex rose 0.9% on Wednesday, ending an eight-day losing streak, after the RBI's dovish pause and reforms to ease lending boosted financial stocks. Analysts said measures such as raising limits on lending against shares and lowering risk weights for NBFC infrastructure loans lifted sentiment. Domestic institutions remained net buyers for the 27th straight session, while foreign investors extended selling. Focus also turns to WeWork India's INR 30 billion IPO opening today.Read more

Indian government bond yields are expected to edge lower in early trade on Friday amid growing anticipation of policy easing, though the decline may pause until the auction of a new 10-year note. The benchmark 10-year yield, which closed at 6.5166% on Wednesday, is projected to hover between 6.50% and 6.53% ahead of the government's sale of INR 320 billion in fresh 10-year bonds. On Wednesday, the RBI left rates unchanged at 5.50% but signalled space to support growth by lowering its inflation forecast to 2.6% and raising GDP growth estimates to 6.8%. Markets widely expect a rate cut in December.Read more

Earlier this week, the Goa government announced that owners seeking to regularise structures on state or comunidade land must pay based on circle rates, with a 2014 cut-off applied. The cabinet is finalising taluka-wise minimum rates under the 'Majhe ghar' scheme and intends to conclude deliberations rapidly, ahead of a formal launch. Amendments allow owners of unauthorised constructions built before the cut-off to apply, subject to size limits under urban and rural norms.Read more

Vishvaraj Environment Limited (VEL), a major player in water utility and wastewater management, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO of INR 2,250 crore. The offering includes a fresh issue of INR 1,250 crore and an offer for sale of INR 1,000 crore by its promoter, Premier Financial Services Ltd. The company plans to use the proceeds for debt repayment, key project capital expenditure, and general corporate purposes. VEL operates 30 water and 60 sewage treatment plants and is diversifying into solar energy across Maharashtra.Read more

Innov8 has shown substantial growth in revenue and profitability, posting a 58% increase in its latest quarter driven by strong demand for managed office spaces. EBITDA and net profit also improved, supported by higher membership revenue per seat. The company's asset-light model has enabled efficient scaling while maintaining cost discipline. With plans to double its centres and focus on high-density metro hubs, Innov8 aims to strengthen its enterprise-grade offerings. The co-working market in India is expanding rapidly, with operators projected to manage over 100 million square feet by 2026.Read more