24 Mar 2026

Goldman Sachs and ICICI Prudential Mutual Fund have jointly acquired over 43.40 lakh shares of DLF Ltd through open market block deals, amounting to a combined investment of approximately INR 230.81 crore. Each entity purchased 21.70 lakh shares at an average price of INR 531.7 per share, representing a 0.17 per cent stake in the Gurugram-based developer. The shares were offloaded by Baillie Gifford & Co. through its affiliates and Best Investment Corporation, a subsidiary of China Investment Corporation. The transaction reflects continued institutional activity in listed real estate stocks, with DLF shares closing marginally lower on the Bombay Stock Exchange following the deal.Read more

24 Mar 2026

The Centre has invited bids to establish manufacturing facilities for sintered rare earth permanent magnets with a total capacity of 6,000 metric tonnes per annum under an INR 7,280 crore incentive scheme. Issued by the Ministry of Heavy Industries, the tender seeks proposals for integrated NdFeB magnet units through a two-stage bidding process. The scheme offers capital subsidies and sales-linked incentives, with capacity allocation ranging between 600 and 1,200 MTPA per unit. It also includes assured raw material supply for select bidders. The initiative aims to build a domestic value chain for critical components used in electric vehicles, renewable energy, and defence, while reducing dependence on imports, particularly from China.Read more

24 Mar 2026

Paranjape Schemes Construction Ltd plans to invest around INR 700 crore to develop four residential projects in Pune as part of its expansion strategy. The projects, located in Pune West, will collectively offer around 1,400 units across 1.75 million sq ft, with an estimated revenue potential of approximately INR 1,175 crore. The launches are aligned with the festive season, traditionally a key period for housing demand in India. The company is also progressing with three large integrated township developments. The expansion comes against the backdrop of a decline in Pune's housing sales volumes in the past year, reflecting changing market conditions in the residential segment.Read more

24 Mar 2026

Shubham Housing Development Finance has raised USD 96 million (approximately INR 870 crore) from investors including LeapFrog Investments and Creador to support its expansion in India's affordable housing finance segment. The transaction strengthens the lender's shareholder base while also enabling partial exits for early investors. The company, which focuses on underserved borrowers without formal income documentation, has witnessed strong growth, with assets under management reaching around INR 7,500 crore as of late last year. With operations spanning 200 branches across 12 states, the fresh capital will be used to deepen its reach among emerging middle-income households and first-time homebuyers.Read more

24 Mar 2026

Bank of Baroda has introduced a credit line facility on the Unified Payments Interface (UPI) platform for women self-help group members holding Pradhan Mantri Jan Dhan Yojana accounts, enabling overdraft access of INR 5,000 without branch visits. The facility allows direct merchant payments and has been rolled out in collaboration with institutions including NPCI and the Indian Banks Association. In parallel developments, Tata Consultancy Services has extended its technology partnership with Swissport for five years, while the Reserve Bank of India has approved the amalgamation of Lalbaug Co-operative Bank with Akhand Anand Co-operative Bank. The updates reflect ongoing digital banking expansion, consolidation in the co-operative banking sector, and continued enterprise technology partnerships.Read more

23 Mar 2026

Railway-focused EPC firm Trenzet Infra Ltd has filed draft papers with the Securities and Exchange Board of India to raise capital through an initial public offering. The issue comprises a fresh equity issuance of 1.05 crore shares and an offer for sale of 18 lakh shares by promoters. The proceeds will be deployed towards working capital needs, procurement of construction equipment, and general corporate purposes. The company, which specialises in railway and allied infrastructure projects, reported revenue of INR 333.41 crore and a profit of INR 26.95 crore in FY25, with a strong order book of around INR 1,600 crore.Read more

Hyderabad News Desk

23 Mar 2026

WeWork India has secured a managed office agreement worth approximately INR 475 crore with TMUS India for a large workspace in Hyderabad. The project spans over 2.5 lakh sq ft across five floors and will accommodate more than 1,500 workstations under a long-term arrangement. The deal reflects sustained demand for flexible and managed office solutions from multinational corporations and global capability centres. Hyderabad continues to attract large occupiers due to its established technology ecosystem and commercial infrastructure. The transaction highlights a shift in leasing preferences towards customised, scalable workspaces managed by specialised operators rather than conventional long-term leases.Read more

23 Mar 2026

SBI Funds Management has filed draft papers with the Securities and Exchange Board of India (Sebi) to launch its initial public offering, structured entirely as an offer for sale of up to 20.37 crore equity shares. The proposed issue does not include any fresh capital raising and will involve stake dilution by existing promoters, State Bank of India and Amundi India Holding. The IPO will be managed by a consortium of investment banks, including Kotak Mahindra Capital, Axis Capital, BofA Securities India, HSBC Securities and Capital Markets (India), ICICI Securities, Jefferies India, JM Financial, Motilal Oswal Investment Advisors and SBI Capital Markets. The move marks the asset management firm's entry into public markets amid continued investor interest in financial services platforms.Read more

23 Mar 2026

IndiQube Spaces Ltd has signed a leasing agreement with a foreign firm to provide 1,140 desks at its co-working facility, IndiQube Orchid, in Pune. The client is establishing a Global Capability Centre (GCC), with the deal valued at approximately INR 54 crore over a five-year tenure. The workspace is spread across multiple floors within the facility. The transaction reflects continued demand for flexible office solutions from multinational firms setting up GCCs in India. IndiQube, which was listed on stock exchanges in the past year, currently operates across 17 cities with a portfolio exceeding 9.55 million sq ft under management.Read more

23 Mar 2026

India will need an estimated USD 2.2 trillion investment in its power sector over the next two decades to support capacity expansion, grid modernisation, and energy transition efforts, according to Union Power Secretary Pankaj Agarwal. Speaking at the Bharat Electricity Summit 2026, the official outlined the country's targets of achieving 500 GW of renewable energy capacity by 2030 and adding 97 GW of coal-based thermal capacity by 2034-35. The sector has seen rapid growth, with total installed capacity crossing 520 GW and peak demand deficits declining sharply. Policymakers emphasised the need for regulatory reforms, market redesign, and flexible energy systems to manage rising renewable integration, alongside initiatives such as PM-Kusum and PM Surya Ghar Muft Bijli Yojana.Read more