Indian Hotels Company Limited (IHCL) reported a 45% fall in its consolidated net profit to INR 318.26 crore for the quarter ended September, compared to INR 582.71 crore a year ago, despite a 12% rise in operating revenue to INR 2,040.89 crore. Total expenses increased to INR 1,671.54 crore. The Tata Group company expanded its portfolio to 570 hotels after signing 46 new properties and opening 26 in the first half of FY26. IHCL also began construction on the Taj Bandstand project in Mumbai and maintained a positive outlook for the rest of the fiscal year.Read more

Goswami Infratech, part of Shapoorji Pallonji Group (SP Group), is preparing a major two-year bond issue worth around INR 250 billion (USD 2.84 billion) to refinance existing debt and support corporate purposes. The issuance will be backed by SP Group's 9.2% stake in Tata Sons through Cyrus Investments. Deutsche Bank, which managed a previous 143 billion rupee bond in 2023, is expected to lead this sale. The company is engaging new investors to diversify funding and aims for a lower coupon than the earlier issue.Read more

The Kerala government has identified 584 individuals and organisations that have defaulted on payments or violated conditions of government-leased land, collectively owing INR 665.30 crore. Revenue Minister K. Rajan presented district-wise details, revealing Ernakulam owed the most at INR 280 crore, followed by Thrissur with INR 201.34 crore and Thiruvananthapuram with INR 104.70 crore. Despite the huge arrears, only 2.737 hectares have been recovered so far. The state lacks a unified record of unauthorised land occupation, relying instead on district data. Officials have issued recovery notices and begun cancelling leases, exposing gaps in Kerala's land management and monitoring systems.Read more

ACME Solar Holdings Ltd recorded a sharp rise in its consolidated net profit during the July�September quarter of the current fiscal, reaching INR 115.06 crore compared to INR 15.2 crore in the same period last year. The company�s total income more than doubled to INR 601.36 crore, supported by increased operational capacity and project progress. ACME also partially commissioned a 28 MW segment of its 100 MW wind project in Gujarat, taking its total commissioned capacity to 378 MW across renewable assets.Read more

The Municipal Corporation of Delhi (MCD) has secured a loan of INR 615 crore to enhance road cleaning operations across the city. This funding, sourced from the Punjab National Bank (PNB), will be used to purchase advanced machinery that aims to improve efficiency and ensure better cleanliness on Delhi's roads. This initiative is part of the MCD's broader plan to maintain a cleaner environment and bolster waste management strategies in the national capital. The loan will contribute to the MCD�s ongoing efforts to modernize its sanitation services, especially focusing on road maintenance.Read more

Mahindra Lifespace Developers Ltd. (MLDL) reported a consolidated net profit of INR 47.91 crore for the second quarter of FY26, reversing a loss of INR 14.01 crore in the same period last year. The company�s total income rose to INR 33.06 crore, up 107% year-on-year, driven by steady execution and improved sales. Gross development value (GDV) additions for the quarter stood at INR 1,700 crore, compared to INR 650 crore in the same quarter last year. The company also announced a CFO transition, with a new appointment effective this month.Read more

Real-estate firm Arvind SmartSpaces Ltd recorded a consolidated net profit of INR 14.17 crore for the quarter ended September, marking a 65 % decline compared with about INR 40.68 crore in the same period last year. Its total income fell to INR 144.03 crore from INR 269.28 crore over the year-ago quarter. Meanwhile, the board elevated Kulin Lalbhai to Chairman, with his father Sanjay Lalbhai stepping down from the board. Established in 2008 and headquartered in Ahmedabad, Arvind SmartSpaces has around 108 million sq ft of real-estate development across India.Read more

Globe Civil Projects announced that Infomerics Ratings has revised the outlook on its bank facilities to 'positive', citing improved financial strength following its IPO earlier this year. The upgrade reflects expectations of stronger debt protection metrics, with total debt projected to fall to INR 120 crore by FY26 from INR 155 crore last year. The company's FY25 revenue rose 11% to INR 325.99 crore, supported by faster project execution and improved operating margins of 16.43%. With an order book of INR 1,001.28 crore-about three times its FY25 revenue- Globe Civil Projects enjoys solid revenue visibility, a healthier capital structure, and sustained operational momentum for the near term.Read more

The Enforcement Directorate (ED) and the Insolvency and Bankruptcy Board of India (IBBI) have introduced a standard operating procedure to restore assets, previously attached under the Prevention of Money Laundering Act (PMLA), to banks and home-buyers affected by insolvency cases. A circular issued by the IBBI on 4 November follows coordination between the two bodies. Under the new mechanism, insolvency professionals will submit a 'standard undertaking' before special PMLA courts to enable release of attached assets for creditor benefit. The move aims to reduce delays and ensure that wrongdoers do not benefit from the process.Read more

Brookfield India Real Estate Trust (BIRET) has announced plans to acquire 7.7 million sq ft of commercial assets in Bengaluru's Ecoworld Business Park for INR 13,125 crore. The deal, classified as a related-party transaction, will be executed on an arm's length basis. With this acquisition, BIRET aims to expand its portfolio by over 30%, marking its entry into Bengaluru, one of India's strongest office markets. The company currently operates 10 Grade A assets across major cities, including Delhi, Mumbai, Gurugram, Noida, and Kolkata.Read more