Air India asks Tata, Singapore Air for funds after $2.4 billion loss

In the next fiscal year, non-banking finance companies are likely to increase their borrowing from banks due to the attractive lower interest rates available. Additionally, the unpredictable geopolitical landscape is making external commercial borrowings less appealing. To mitigate funding challenges, NBFCs may turn to securitisation for support.

Muthoot Finance is gearing up for a pivotal growth phase as it seeks shareholder approval to venture into the insurance distribution arena. This bold step encompasses a wide range of offerings, including life, general, and health insurance products, marking the company's ambition to become a comprehensive corporate agent in India's insurance landscape.

Over 3,000 homebuyers of Ansal Properties' Sushant Taj City in Agra are seeking possession of plots booked nearly two decades ago. Despite paying in full, buyers are frustrated by the lack of progress and clarity from the Uttar Pradesh government and the Agra Development Authority, which has a stake in the project.

Gold loans in India have surged fourfold since March 2022, becoming the second-largest retail credit segment. Southern states, led by Tamil Nadu, Andhra Pradesh, and Karnataka, continue to dominate originations, accounting for over half the market. While the south remains the core, emerging regions like Uttar Pradesh are showing significant growth from a lower base.

CleanMax Enviro Energy Solutions and Sangam India have joined forces. This partnership aims to reduce carbon emissions for Sangam India's operations in Rajasthan. A hybrid renewable energy supply agreement has been signed. It will provide solar and wind power, supported by battery storage. This will power five Sangam facilities across Rajasthan.

VinFast has launched its new seven-seater electric MPV, the VF MPV 7, in India. This marks the company's entry into a new segment. The vehicle offers a range of 517 km. VinFast is expanding its retail presence and aims for 75 showrooms by 2026. The VF MPV 7 is locally assembled in Tamil Nadu.

Office vacancy in India's top cities has reached its lowest point since the pandemic. This is due to companies returning to offices and Global Capability Centres continuing to lease space. Vacancy levels have declined significantly, reflecting strong demand for quality office spaces. Rental growth is also accelerating across major markets.