Market News
Stay updated with the latest market trends, earnings, and economic indicators.
NCLT admits insolvency plea against Supreme Housing & Hospitality
The National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm faces dues exceeding Rs 567 crore. This follows multiple failed settlement attempts and prolonged litigation.
Man Infra Q4 profit falls 34% and revenue halves as construction, real estate business weakens
Man Infraconstruction Ltd Q4 profit falls 34.4%, revenue halves, EBITDA margin shrinks, company still declares interim dividend for FY27. Shares of Man Infraconstruction Ltd ended lower on Wednesday, May 13, by 2.49% at ₹127.00 on the NSE.
Gold, housing plays take a hit as Modi's austerity pitch rattles consumer-facing stocks
Jewellery and real estate stocks experienced a sharp decline after Prime Minister Modi urged financial restraint, advising citizens to postpone gold purchases and reduce discretionary travel. The comments, aimed at curbing fuel consumption amid geopolitical uncertainty and high energy costs, triggered an immediate market reaction in sectors tied to household spending.
West Asia war pushes half of Dubai's 2026 property handovers to 2027
The ongoing West Asia conflict is impacting property project completions in the UAE. Developers face delays of six to nine months. Construction costs have risen significantly. Many projects scheduled for 2026 handovers will now be pushed to 2027 or later. This situation affects the UAE's booming real estate sector.
L&T wins multiple 'large' real-estate orders across India
L&T categorises projects valued between ₹2,500 crore and ₹5,000 crore as ‘large’ orders.
Godrej Properties to expand premium real estate footprint
The real estate developer has lined up high-value projects across Gurugram, Delhi and Mumbai as premium housing demand strengthens.
Gujarat Cotex to raise nearly Rs 43 cr through rights issue
Gujarat Cotex is set to raise approximately Rs 43 crore through a rights issue to fund its expansion projects, including a new premium hotel. The issue, offering six shares for every one held, opened on April 10 and closes May 8. Proceeds will also bolster the company's financial standing as it diversifies into real estate, hospitality, and agri-commodity trading.
Realtors acquire over 3,000 acres in 2025, unlocking ₹52,000 crore financing opportunity
India's real estate market is on a astounding trajectory of growth, with developers increasingly targeting extensive land acquisitions to fuel ambitious residential and office projects. This momentum calls for substantial financial resources, thereby creating a myriad of opportunities for alternative funding avenues beyond traditional banking systems.
Sowparnika Projects eyes Rs 500 crore fundraise to double revenue
Sowparnika Projects is in advanced talks to raise Rs 500 crore for expansion, aiming to develop 5.5 million sq ft across South India over the next two years. The real estate firm targets doubling its turnover to Rs 1,500 crore by FY2026-27, with a focus on the mid and upper-mid residential market.
Sowparnika Projects in talks to raise Rs 500 cr for expansion
Sowparnika Projects is in advanced talks to raise ₹500 crore from investors including WSB Real Estate Partners, ASK Fund Advisors, and HDFC Capital to fund its expansion across South India. The company plans to develop 5.5 million sq ft in Bengaluru, Kerala, and Tamil Nadu over the next two years and aims to nearly double its revenue to ₹1,500 crore by FY27.
Top Gainers & Losers on April 15: RailTel Corp, Coforge, Anant Raj, Suzlon Energy, Hindustan Zinc among top gainers
On April 15, Indian markets surged as investors reacted positively to potential US-Iran negotiations. The Nifty and BSE Sensex gained 1.63% and 1.64%, respectively, while many stocks in technology and real estate sectors performed well, though a few faced declines.
Arisinfra signs ₹800 crore materials supply pact with Capacit’e Infraprojects for 5 years
As per the agreement, Arisinfra will supply materials for various infrastructure, commercial, and real estate projects undertaken by Capacit’e Infraprojects and its subsidiaries or associates.