Star Housing, Tata Capital Partner for Co-Lending

Andhra Pradesh Empanels Solar Installers

The Andhra Pradesh government has launched a significant step in its renewable energy agenda by inviting applications for the empanelment of agencies for rooftop solar installations across the state. This initiative aims to promote widespread adoption of solar power on residential, institutional, and commercial buildings, supporting Andhra Pradesh’s goal of enhancing renewable energy production and reducing its carbon footprint. The empanelment process will allow accredited agencies to install rooftop solar systems with standardized processes and facilitate quicker, more efficient installati..

IHCL Acquires Stake in Rajscape Hotels

The Indian Hotels Company Limited (IHCL), a premier player in India’s hospitality industry, has acquired a majority stake in Rajscape Hotels, a subsidiary of the Ambuja Neotia Group. This acquisition is part of IHCL’s strategic expansion plan to strengthen its presence across key leisure and business destinations in India. The move aligns with IHCL's growth strategy, focusing on capturing a larger market share in the hospitality sector and diversifying its portfolio. Rajscape Hotels, known for its luxury properties in select locations, complements IHCL’s existing portfolio, enabling IHCL..

Aptus Value Housing Posts Profit Surge

Aptus Value Housing Finance reported a robust 22.94% increase in net profit for Q2 FY25, driven by strong demand in India’s affordable housing sector. The company's profit reached ?161.6 crore, up from ?131.4 crore in Q2 FY24, as it continued to capitalize on demand for housing finance in semi-urban and rural areas. Total income for the quarter also rose, climbing by 27.53% to ?428.7 crore. Aptus attributed this growth to its targeted approach in underserved markets, where demand for affordable housing remains high. The company’s loan disbursements saw significant traction, benefiting from..