Capital

Capri Global Capital reported a sharp surge in profitability for the third quarter, with net profit more than doubling from a year earlier, underscoring the lender’s improving earnings quality and execution strength. The robust performance was driven by healthy growth in its loan book, better asset quality, and tighter control over operating costs. Strong traction in affordable housing finance, MSME lending, and construction finance supported revenue expansion, while stable credit costs aided margins.

HDFC Capital Advisors has announced the launch of a Rs 1,000-crore platform dedicated to developing and scaling rental housing projects across India, highlighting a strategic shift toward income-generating real estate assets. The initiative targets the growing demand for professionally managed rental homes driven by urban migration, affordability pressures and evolving lifestyle preferences. By partnering with established developers and institutional investors, the platform aims to create high-quality rental housing while delivering stable, long-term returns.

India’s equity markets witnessed a sharp sell-off that erased Rs. 3.63 lakh crore from the combined market capitalisation of the country’s leading companies. The decline came amid heightened global uncertainty, cautious investor sentiment, and profit-booking in heavyweight stocks. Blue-chip firms bore the brunt of the correction as foreign portfolio investors trimmed exposure and domestic markets reacted to mixed macroeconomic cues.

Shares of capital goods companies came under sharp selling pressure, dragging the sector lower as investor sentiment weakened across infrastructure and engineering stocks. Bharat Heavy Electricals Ltd. led the decline, tumbling 10 percent in heavy volumes, reflecting concerns over near-term earnings visibility and order execution. The broader capital goods index also slipped, with several frontline names trading in the red amid profit booking and cautious market positioning.

iSprout, an emerging player in the agri-tech sector, has raised Rs. 60 crore in a strategic funding round led by Tata Capital. The investment aims to fuel the company’s expansion plans, enhance technological capabilities, and strengthen supply-chain infrastructure. With a focus on modern agricultural solutions, iSprout seeks to address efficiency gaps in farm-to-market operations and support sustainable farming practices. The infusion from Tata Capital underscores investor confidence in the company’s business model and growth trajectory.

Adani Enterprises’ latest stake sale marks a significant step in the conglomerate’s broader strategy to recalibrate capital allocation, strengthen its balance sheet and reinforce investor confidence. The transaction, conducted through a secondary market block deal, reflects a deliberate move to diversify ownership while unlocking value for existing stakeholders. Market observers say the sale could help the group streamline funding for core infrastructure and energy projects while addressing lingering concerns around leverage.

Federal Bank Ltd. has announced a warrant issuance to private equity firm Blackstone, raising Rs. 6,196 crore in a landmark capital-raising exercise. The move is part of the bank’s strategic plan to bolster its Tier-1 capital, support expansion initiatives, and enhance its lending capabilities amid growing demand for retail and corporate banking services. The warrants, convertible into equity shares, reflect strong investor confidence in Federal Bank’s fundamentals and growth trajectory.

In a decisive regulatory action, the Securities and Exchange Board of India (SEBI) has banned First Overseas Capital from market activities and levied a fine of Rs 20 lakh. The enforcement measure follows investigations revealing violations of securities laws, including non-compliance with disclosure norms and irregular trading practices. SEBI’s stringent intervention underscores its commitment to market integrity, investor protection, and adherence to regulatory frameworks.

Telangana is set to raise Rs. 9,000 crore through its upcoming government securities auction, reflecting strong reliance on market-based funding to support fiscal priorities. The auction will feature a mix of short- and long-term debt instruments, attracting participation from banks, insurance companies, and mutual funds. Analysts note that the proceeds are expected to fund infrastructure projects, social welfare programs, and debt servicing, while maintaining fiscal prudence.

The Andhra Pradesh government successfully raised Rs. 11,900 crore via its latest government securities auction, reflecting robust investor appetite for state debt amid stable fiscal management. The auction, which included a mix of short- and long-term securities, attracted strong participation from banks, insurance firms, and mutual funds, signaling confidence in the state’s creditworthiness. Analysts highlight that the proceeds will support ongoing infrastructure projects, social welfare schemes, and debt refinancing, while maintaining fiscal prudence.