Category: Latest Stories

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CommercialLatest Stories

Indiqube Spaces IPO Sees 87% Subscription on Day 1

NEW DELHI: The workplace solutions provider, IndiQube Spaces Ltd, saw an 87% subscription rate on its initial public offer (IPO) during the first day of bidding on Wednesday. According to NSE data, the IPO attracted bids for 1,50,00,111 shares against the 1,71,48,335 shares available. The portion for Retail Individual Investors (RIIs) was subscribed 3.41 times, while the subscription for non-institutional investors reached 78%. The quota allocated to Qualified Institutional Buyers (QIBs) saw a 6% subscription. On Tuesday, IndiQube announced that it had raised over Rs 314 crore from anchor investors. The Rs 700-crore IPO will conclude on July 25, with…

IndustryLatest Stories

Invesco Sells Oberoi Realty, Lodha Shares for ₹3,202 Cr

Representative image created by AI NEW DELHI: Investment management firm Invesco has sold over 2 crore shares of real estate companies Oberoi Realty and Lodha Developers for a total of ₹3,202 crore through open market transactions. The US-based firm, via its affiliate Invesco Developing Markets Fund, divested a little over 1 crore equity shares—2.95% of its stake in Oberoi Realty, according to bulk deal data from the BSE. Shares were sold at ₹1,754.26 each, totaling roughly ₹1,883.21 crore. As of the June quarter, Invesco Developing Markets Fund held a 3.01% stake in Oberoi Realty. In a separate transaction on the…

Housing FinanceLatest Stories

Bajaj Housing Finance Q1 FY26 Net Profit Jumps 20.86%

NEW DELHI: Bajaj Housing Finance has reported a net consolidated profit growth of 20.86% for Q1 of the financial year 2025-26. The company’s post-tax profit reached ₹583.30 crore, compared to ₹482.61 crore in the same quarter last year, according to a BSE filing. In Q1 FY26, the company’s net consolidated total income was ₹2,618.45 crore, an increase of 18.55% from ₹2,208.73 crore reported in the previous year’s corresponding quarter. As of June 30, 2025, the company’s net worth was ₹20,508.37 crore, with a debt-equity ratio of 4.31. Total debts to total assets stood at 0.81, gross non-performing assets (NPA) at…

IndustryLatest Stories

Aditya Birla Real Estate Reports ₹47.30 Crore Loss in Q1 FY26

NEW DELHI: Aditya Birla Real Estate (previously known as Century Textiles) has reported a consolidated net loss of ₹47.30 crore for Q1 of the financial year 2025-26. This is a significant drop compared to a profit after tax of ₹9.86 crore reported in the same quarter last fiscal, according to a BSE filing. The company’s net consolidated total income for Q1 FY26 was ₹157.41 crore, reflecting a decline of 56.90% from ₹365.24 crore in the corresponding quarter the previous year. As of June 30, 2025, the company reported a net worth of ₹3,835.56 crore, with a debt-equity ratio of 1.32,…

IndustryLatest Stories

Nisus Finance Invests ₹115 Cr in Kumar Vibe, Mumbai & Pune

NEW DELHI: Kumar Vibe Properties, a 50:50 joint venture between Kumar Properties & Infrastructure LLP and Vibe Realty, has successfully secured an investment of ₹115 crore from Nisus Finance, marking a key milestone in its growth. The funds will be directed toward three projects in Khar West and Goregaon West in Mumbai, as well as NIBM in Pune. The residences are expected to be priced at ₹7 crore and above in Khar West, ₹3 crore to ₹4.25 crore in Goregaon West, and up to ₹1.25 crore in NIBM Pune. Collectively, these ventures will generate a total topline exceeding ₹1,100 crore.…

IndustryLatest Stories

Ashiana Housing Q1 FY26 Sales Surge 83% to ₹431 Crore

Certainly! Here’s a rewritten version of your content: NEW DELHI: Ashiana Housing Ltd reported an impressive 83% increase in sales bookings, reaching Rs 430.97 crore in the first quarter of the fiscal year, driven by heightened demand. In the same period last year, the company had sales bookings of Rs 235.32 crore, according to a recent regulatory filing. The firm’s sales volume during the April-June quarter amounted to 5.95 lakh square feet, compared to 4.42 lakh square feet in the previous year’s corresponding quarter. Based in Delhi, Ashiana Housing is one of India’s leading real estate developers, having recorded total…

CommercialLatest Stories

PwC India Launches Sixth NCR Office in Gurugram

NEW DELHI: Consulting firm PwC India has launched a new office in Gurugram, spanning 125,000 square feet as part of its expansion initiative. In a recent announcement, PwC India revealed the opening of its new office in ‘DLF Downtown 4’, making it the sixth office in the NCR region. This new location boosts PwC India’s total capacity in the Delhi-NCR area to nearly 8,000 personnel. With a workforce of about 30,000 across 20 cities, PwC India continues to grow. Sanjeev Krishan, the Chairperson of PwC in India, stated, “The launch of our sixth office in the NCR signifies the ongoing…

IndustryLatest Stories

Lodha, Oberoi Realty Shares Drop Up to 6% After Block Deals

NEW DELHI: Oberoi Realty and Lodha Developers experienced significant block deals totaling USD 395 million (Rs 3,412 crore) on the stock exchanges, resulting in a decrease in the shares of both real estate giants by up to 6 percent on Wednesday. The transactions, conducted through open market exchanges, involved the sale of institutional stakes in each firm. In the case of Oberoi Realty, around 11 million equity shares, or 3 percent of the company’s total, were sold for USD 230 million (Rs 1,987.02 crore) at a floor price of Rs 1,753.20 per share, indicating a 4 percent discount from the…

Latest StoriesResidential

Residents upset as Lucknow links waste charge to house tax

LUCKNOW: The introduction of a waste collection fee tied directly to property house tax IDs by the Lucknow Municipal Corporation (LMC) has faced backlash from residents, citing inconsistencies in service delivery across the city. The new monthly fees are set at Rs 50 for properties with an annual tax up to Rs 5,000 and Rs 100 for those exceeding it, now mandated citywide, regardless of service accessibility. While LMC is offering a 10% discount for advance online payments, unpaid fees will be added to the property tax bill, leading to further dissatisfaction. Residents from Manas Vihar, Suggamau, Takrohi, Chinhat, Faizullaganj,…

CommercialLatest Stories

IndiQube Spaces Secures ₹314 Crore from Anchors Before IPO

NEW DELHI: IndiQube Spaces, a managed workspace solutions provider, has secured over ₹314.32 crore from anchor investors ahead of its initial public offering, with shares priced at ₹237 each, as reported in an exchange filing. Key investors include Aditya Birla Sun Life MF, Ashoka WhiteOak ICAV, Invesco India ELSS Tax Saver Fund, Motilal Oswal Large Cap Fund, Bandhan Large & Mid Cap Fund, along with others like Max New York Life Insurance, Edelweiss MF, and Citigroup Global Markets Mauritius. Of the 13.26 million equity shares allocated to anchor investors, 8.93 million shares (67.35%) went to eight domestic mutual funds covering…