Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Taxation & Finance News

Repco Home Finance reports 5.12% decline in Q2 FY26 net profit

Repco Home Finance reported a net consolidated profit of INR 103.15 crore for the quarter ended September 30, 2025, down 5.12% from INR 108.72 crore in the same quarter last year. Total income increased by 4.18% to INR 441.90 crore, while the loan book grew by 7.7 % to INR 15,033 crore. The gross NPA ratio improved to 3.16 % and net NPA stood at around 1.50 %. Non salaried borrowers account for 52.6 % of loans, and the company maintained a strong capital adequacy ratio of 36.88 %, reflecting prudent risk management.Read more

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Reliance Infrastructure Q2 profit drops as income slows, plans USD 600 million fundraise

Reliance Infrastructure Ltd recorded a 50% fall in its consolidated net profit to INR 1,911.19 crore for the September quarter, compared to INR 4,082.53 crore a year earlier. The decline came mainly from lower total income, which stood at INR 6,309.48 crore, against INR 7,345.96 crore in the same period last year. The company has received board approval to raise USD 600 million through foreign currency convertible bonds (FCCBs) to finance upcoming growth plans. Its consolidated net worth rose to INR 16,921 crore, while standalone bank debt remained at zero.Read more

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Total Environment Resorts raises INR 175 crore through listed NCDs

A subsidiary of the Bengaluru?based Total Environment Group, Total Environment Resorts Pvt Ltd, has issued listed, rated non-convertible debentures (NCDs) worth INR 175 crore this week. The funds will support a residential project in Bengaluru and the issue was arranged solely by Standard Chartered Bank as the green co-ordinator. A second party opinion from Bureau Veritas confirmed compliance with global green-bond frameworks and Securities and Exchange Board of India (SEBI) regulations.Read more

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Kolte-Patil reports INR 11 crore loss, announces top-level leadership changes

Kolte-Patil Developers Ltd reported a consolidated net loss of INR 11.14 crore for the September quarter, reversing a profit of INR 10.34 crore a year earlier, as total income fell 50% to INR 161.75 crore. The company also announced key leadership changes, appointing Avani Vishal Davda as an independent director while accepting the resignations of Independent Director Sudha Pravin Navandar and Group CEO Atul Bohra. Managing Director Rajesh Patil will lead operations until a new CEO is appointed. Headquartered in Pune, Kolte-Patil has delivered over 68 projects across major cities. The company plans to stabilise operations and regain growth momentum amid these transitions.Read more

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IRB Infrastructure posts 41% rise in Q2 net profit, declares 7% interim dividend

IRB Infrastructure Developers reported a consolidated net profit of INR 141 crore for the September quarter, up 41 per cent from INR 100 crore in the previous year. Total income rose to INR 1,800 crore, and toll revenues grew 11 per cent to INR 1,667 crore. The company declared a 7 per cent interim dividend and completed the sale of three assets as part of its B.E.S.T. strategy. Its portfolio now includes 26 road projects spanning BOT, TOT, and HAM models, highlighting strong performance amid an extended monsoon period and continued focus on efficient growth.Read more

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New GST reforms boost sales across sectors as FM highlights simpler tax structure

Union Finance Minister Smt Nirmala Sitharaman stated that the introduction of next-generation GST reforms in late September has significantly boosted sales across several sectors, including automobiles, consumer durables, and e-commerce. She explained that the new system, simplified to two main tax slabs 5% and 18% has made products more affordable and stimulated demand. The reforms were part of the government's ongoing efforts to simplify taxation and support small traders. Sitharaman also noted that luxury items and tobacco continue to attract higher GST rates of 40%.Read more

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Emmvee Photovoltaic Power raises INR 1,305 crore from anchor investors ahead of IPO

Emmvee Photovoltaic Power Ltd has raised INR 1,305 crore from anchor investors before its INR 2,900 crore Initial Public Offering (IPO). The anchor round attracted strong participation from leading domestic mutual funds, insurance companies, and global financial institutions. The company allotted over 6.01 crore shares at INR 217 each, the upper limit of its price band. The IPO, comprising both a fresh issue and an offer for sale, will open for public subscription soon, and the company is set to list on the stock exchanges later this month.Read more

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Sri Lotus Developers sees profit dip but income surges to INR 188 crore in Q2

Sri Lotus Developers and Realty Ltd reported an 8% drop in consolidated net profit to INR 46.36 crore for the September quarter, compared with INR 50.47 crore a year earlier, even as total income rose to INR 188.81 crore from INR 125.08 crore. The Mumbai-based developer has completed four projects covering over 4.2 lakh sq ft and is executing six more, with 12 new developments planned across nearly 27.6 lakh sq ft of carpet area. While profit declined, the rise in income and active project pipeline signal continued operational strength and growth momentum, supported by steady demand in Mumbai's real estate market.Read more

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Saya Group repays INR 1,500 crore, marking milestone in financial discipline and trust

NCR-based real estate developer Saya Group has recently cleared around INR 1,500 crore in debt, marking a significant financial milestone. Over the past five years, the company settled obligations to institutions such as IIFL Finance, Yes Bank, and 360 One, including term loans, NCDs, and GECL facilities. With a debt-free balance sheet, the developer is now focusing on expanding its premium residential and commercial portfolio across the National Capital Region, reinforcing its strong reputation for fiscal discipline and timely project delivery.Read more

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Reliance Power posts INR 87 crore profit in Q2, plans $600 million FCCB issue

Reliance Power recorded a net profit of INR 87 crore for the quarter ending September 30, marking a strong recovery from a loss of INR 352 crore during the same period last year. The company's total income increased to INR 2,067 crore from INR 1,963 crore in the previous year, supported by higher operational revenues. Its board has approved seeking shareholder consent to raise up to USD 600 million through foreign currency convertible bonds (FCCBs) to fund expansion plans. The company's current operating portfolio stands at 5,305 MW, including 3,960 MW from Sasan Power Limited.Read more

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