L&T shares surge over 4%: 3 reasons powering the rally
Larsen & Toubro’s share price increases by 4.2% to an intra-day high of Rs 3,643 on the National Stock Exchange. The stock of the engineering and construction major was the top gainer in the Nifty 50. The significant uptick in the share price of the large-cap company came after it reported its quarterly results for the first quarter of the financial year 2025-26. 

L&T kicks off FY26 with big orders; all eyes now on margin trajectory
Larsen & Toubro Ltd (L&T) investors were elated after the engineering giant reported robust order inflows in the June quarter (Q1FY26), lifting its stock nearly 5% on Wednesday.

L&T could beat FY26 order inflows target: Brokerages
Buoyed by international orders, Larsen & Toubro (L&T) could beat its guidance on the order inflow growth for this fiscal, brokerages said.

Knowledge REIT to open ₹4,800 crore IPO next week
Knowledge Realty Trust will launch India’s largest REIT IPO by gross asset value on August 5, 2025, seeking to raise ₹4,800 crore through fresh unit issuance. The issue will remain open for three days, until August 7, with units priced between ₹95 and ₹ 100 each. The minimum investment requirement is ₹15,000, allowing investors to bid for at least 150 units with subsequent bids in multiples of 150 units. Anchor investor bidding is scheduled for August 4, one day prior to the public offering opening.

Prestige aims to build lavish golf-themed resorts in 3 cities-Goa is one of them
Bengaluru: Leading real estate firm Prestige Group plans to develop lavish golf-themed, resort-style residential projects in Goa, Lonavala and Hyderabad, as it aims to replicate its signature Golfshire property near Bengaluru in other locations, a top company official said.

Birla Corporation Q1 net jumps 3.5-fold to ₹119.57 crore as sales improves, operating cost falls

Consolidated EBITDA grew 38 per cent y-o-y to ₹379 crore for Q1FY26 from ₹275 crore for Q1FY25. The growth in EBITDA was the result of improved cement sales, lower operating cost and a turnaround in jute division, the company said. The MP Birla Group company experienced mixed market conditions in different regions of operations. While the western and eastern markets were relatively buoyant, price and demand in central India remained muted. Also, the early onset of the monsoon in the later half of the quarter led to deceleration in demand and put pressure on prices across regions.

Tunnel road DPR cuts tunnelling timeline to 24 months
 

Railways’ land monetisation crosses Rs 3,100 crore in FY25
The Indian Railways has earned Rs 3,129 crore in FY25 from monetising its land bank for commercial purposes, which is 16% higher than the previous year, railways minister Ashwini Vaishnaw told Parliament on Wednesday. Over the past three years, the Railways recorded compounded annual growth rate (CAGR) of 21.5% from its land usage.