Business

Public REITs and InvITs become big draw for investors in India in last 2 years

Public REITs and InvITs become big draw for investors in India in last 2 years

The total volumes of public InvITs (Infrastructure Investment Trusts) traded increased by 128.23 per cent in the last two years while that of public REITs (Real Estate Investment Trusts) surged by a whopping 399.54 per cent since FY23, ICRA Analytics said in a report on Monday.

Rising investor interest amid growing confidence in yield-generating assets is leading to a good growth in volumes of REITs and InvITs publicly traded in the last two years.

REITs and InvITs are investment vehicles that allow investors, both individual and institutional, to participate in the real estate and infrastructure sectors, respectively, without directly owning properties or infrastructure assets.

India’s commercial vehicle sales projected to see 2-5 pc growth in FY26

India’s commercial vehicle sales projected to see 2-5 pc growth in FY26

Commercial Vehicle (CV) wholesale volumes in India are expected to recover by around 2–5 per cent in FY26 after registering a subdued growth in the past two financial years, a report said on Monday.

The medium and heavy commercial vehicle (MHCV) segment is projected to grow by 4–6 per cent in the current financial year, while light commercial vehicle (LCV) segment is expected to grow by 2–4 per cent in the same period, a CareEdge Ratings report showed.

“The commercial vehicle (CV) industry is expected to experience moderate growth, with overall sales volume likely to improve by around 2-5 per cent YoY in FY26,” said Arti Roy, Associate Director, CareEdge Ratings.

India's vehicle sales accelerate 4.84 pc in June to cross 20 lakh units

India's vehicle sales accelerate 4.84 pc in June to cross 20 lakh units

Total automobile retail sales across segments in India grew 4.84 per cent year-on-year in June to cross 20.03 lakh units, driven by festival and marriage-season demand, Federation of Automotive Dealers Associations (FADA) said on Monday.

"Segment-wise, every category closed in the green with two-wheelers at 4.73 per cent, three-wheelers at 6.68 per cent, passenger vehicles at 2.45 per cent, commercial vehicles at 6.6 per cent, tractors at 8.68 per cent and construction equipment at 54.95 per cent," said FADA president C.S. Vigneshwar.

"While festival and marriage-season demand provided a boost, financing constraints and intermittent variant shortages moderated sales. Early monsoon rains and rising EV penetration also shaped buying patterns,” he said.

“Overall, June demonstrated a resilient two-wheeler performance amid mixed market signals," Vigneshwar added.

India’s office real estate sector clocks robust growth in H1 2025, GCCs key driver

India’s office real estate sector clocks robust growth in H1 2025, GCCs key driver

India’s office real estate market continues to demonstrate robust growth with gross leasing volume in the top eight cities, reaching 21.4 million square feet (MSF) in the April-June quarter (Q2), reflecting a 5 per cent quarter-on-quarter growth, according to a report released on Monday.

With H1 2025 gross leasing now at around 42 msf, the sector is firmly on track to surpass 90 million square feet of annual leasing activity – a new benchmark and a reaffirmation of sustained occupier confidence, the report by Cushman & Wakefield stated.

This momentum follows 2024’s historic performance of about 89 million square feet, with H1 2024 figures comparable to this year’s. If trends hold, 2025 will mark the second consecutive year of 85+ million square feet of gross leasing, reinforcing a new baseline of market performance, the report added.

EV charging operators in Tamil Nadu face higher power bills after tariff hike

EV charging operators in Tamil Nadu face higher power bills after tariff hike

Electric vehicle (EV) charging operators across Tamil Nadu are bracing for a steep rise in operational costs following a significant revision in power tariffs by the Tamil Nadu Electricity Regulatory Commission (TNERC), effective July 1.

The revised tariff structure has increased both energy charges and fixed monthly charges for EV charging stations, raising concerns among operators about the economic viability of public charging infrastructure in the state.

While TNERC has retained its time-of-day (ToD) tariff model -- first introduced in 2023 to incentivise off-peak charging -- it has hiked electricity rates across all time slots.

Under the new structure, charging during solar hours (9 a.m. to 4 p.m.) will cost Rs 6.50 per kWh; during peak hours (6 a.m. - 9 a.m. and 6 p.m. -10 p.m.), the rate rises to Rs 9.75 per kWh, up from Rs 9.45.

Night charging (10 p.m.- 6 a.m.) will cost Rs 8.10 per kWh, compared to Rs 7.85 earlier.

US, Japan, Hong Kong drive 89 pc of Q2 foreign inflows in Indian real estate

US, Japan, Hong Kong drive 89 pc of Q2 foreign inflows in Indian real estate

Indian real estate sector received institutional investments of $1.80 billion in April-June period (Q2 2025), with investors from the US, Japan and Hong Kong contributing around 89 per cent to the foreign investments, according to a report on Monday.

Investments more than doubled in Q2, recording a sharp 122 per cent growth over the previous quarter, said the Vestian report.

Foreign investments dominated investment activities in Q2. Interestingly, majority of the investments from the US, Japan and Hong Kong, around 69 per cent, were concentrated in commercial assets. Residential properties received only 11 per cent of the total investments, whereas the rest were diverted towards diversified properties.

The share of co-investments almost doubled to 15 per cent from 8 per cent, registering a marginal hike of 2 per cent in terms of value.

LG Electronics Q2 operating profit down 46.6 pc due to rising tariff

LG Electronics Q2 operating profit down 46.6 pc due to rising tariff

LG Electronics, a leading home appliance manufacturer in South Korea, said on Monday its second-quarter operating profit is estimated to have plunged over 46 per cent from a year earlier due to rising logistics and tariff costs.

Operating profit for the three months ended in June came to an estimated 639.1 billion won (US$467.2 million), down 46.6 percent from a year earlier, the company said in a regulatory filing.

Its revenue dropped 4.4 percent on-year to 20.74 trillion won. The data for net profit was not available.

The operating profit was 15.2 percent lower than the average estimate, according to a survey.

The company will release its final earnings report later.

Persistent demand to fuel copper prices to rally to Rs 980-Rs 1,020 per kg: Report

Persistent demand to fuel copper prices to rally to Rs 980-Rs 1,020 per kg: Report

After experiencing a significant bullish run, approaching the psychological threshold of $10,000, the copper price is poised to rally to Rs 980-Rs 1,020 per kg on the domestic front and $10,800- $11,000 per metric tonne on the London Metal Exchange (LME) in the near term, a report said on Saturday.

Favourable conditions, including a balance between surplus projections and persistent demand concerns, a decline in the US dollar, and expectations around rate cuts, are leading the upward trend path ahead for copper, according to the report by Motilal Oswal Financial Services.

“The US Dollar Index has retreated significantly, to its lowest level in three years, as Treasury yields have moderated and expectations for rate cuts and lower growth expectations. The combination of a softer dollar and rising risk appetite among investors is creating an environment favourable for further price appreciation," the report stated.

There is a shortage of Copper stocks, and this is causing strong backwardation in futures prices. The LME cash–3M spread has widened past $100, which shows a shortage of copper for immediate delivery.

UltraTech Cement's Chief Legal Officer quits

UltraTech Cement's Chief Legal Officer quits

Anoop Khatry, Chief Legal Officer of UltraTech Cement Limited, has resigned from his position citing personal reasons, the company informed in an exchange filing on Friday.

The same has been accepted with effect from the close of business on July 3, 2025, according to the company.

"We hereby inform you that Mr Anoop Khatry, Chief Legal Officer, has tendered his resignation from the services of the Company with effect from close of business hours on 3rd July, 2025 due to personal reasons," according to the company’s exchange filing.

Jane Street can't get away in India thanks to SEBI: Nithin Kamath

Jane Street can't get away in India thanks to SEBI: Nithin Kamath

Zerodha co-founder and CEO Nithin Kamath on Friday praised the Securities and Exchange Board of India (SEBI) for taking strong action against US-based trading giant Jane Street, saying that India’s robust regulatory framework does not allow market practices that are common in the West.

In a post on social media platform X, Kamath said: "None of these practices would be allowed in India, thanks to our regulators", referring to US market structures like dark pools and payment for order flow -- mechanisms often criticised for favouring hedge funds at the expense of retail investors.

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