03 Dec 2025

Equites Property Fund announced that it will issue 41.3 million new shares as part of its latest accelerated bookbuild. The company confirmed that the shares will be priced at INR 17.25 each, following the outcome of the fundraising process completed earlier this week. The move forms part of Equites' ongoing capital-raising strategy, which has been used in past years to support its logistics-focused property portfolio and manage balance-sheet needs. The Johannesburg-listed REIT has regularly used equity issuance to strengthen its capital position, and the latest step continues that approach.Read more

03 Dec 2025

Finance Minister Smt Shrimati Nirmala Sitharaman underscored the importance of international collaboration in tax transparency, particularly as economies digitalize and new financial products emerge. Speaking at the 18th Global Forum Plenary, she highlighted the use of technology and artificial intelligence alongside human judgment to make exchanged tax information effective. Stressing confidentiality and cybersecurity, she emphasized that no single country can tackle these challenges alone. India has strengthened voluntary compliance through predictable tax systems and integrates exchanged information into compliance and risk analyses. Innovation and accountability, she said, are essential for credible tax administration.Read more

03 Dec 2025

PVV Infra Ltd plans to raise up to INR 49.33 crore through a rights issue of partly paid-up equity shares with a face value of INR 5 each. The board approved the plan this week, with record dates and other details to be announced later. The move follows the company's recent acquisition of two solar orders worth INR 799 crore, highlighting its focus on renewable energy. The funds raised will help PVV Infra manage project execution and support its expansion in rooftop and ground-mounted solar projects across India.Read more

03 Dec 2025

The Patna Municipal Corporation (PMC) has rolled out a relief scheme allowing property owners to clear overdue municipal tax by paying only the principal - all interest and penalties will be waived. The scheme, approved under the Bihar Municipal Property Tax Incentive Scheme - 2025, offers a one-time settlement (OTS) option for dues from the current and prior years. It applies to residential, commercial, industrial, institutional properties, and even those owned by state or central government. Pending legal cases or unassessed properties are also eligible, provided formal withdrawal or assessment is completed. PMC has cautioned that any falsification or concealment of facts will lead to cancellation of waiver benefits.Read more

02 Dec 2025

The government has launched an Offer for Sale (OFS) of Bank of Maharashtra shares, setting a floor price of INR 54. By selling a 6% stake, it expects to raise about INR 2,492 crore. The offer includes a base sale of 5% equity and an additional 1% through a green-shoe option, with retail participation opening soon. The floor price is a 6.34% discount to the previous BSE close. The government currently owns 79.60% of the bank, and this sale will help bring its holding below 75%, moving the lender closer to the 25% public shareholding requirement. Several other state-owned banks also remain above this limit.Read more

02 Dec 2025

Hyderabad's Neopolis witnessed a record land transaction during HMDA's latest e-auction, where a 4.03-acre plot was sold for INR 151.25 crore per acre, totalling around INR 609 crore. A second 5.03-acre parcel fetched INR 147.75 crore per acre, bringing the day's combined proceeds to INR 1,352 crore. With earlier auctions held this past week, HMDA's total collections from Neopolis have reached INR 2,708 crore. The strong bidding reflects rising developer interest in the area, backed by its location advantages and demand for large-scale development parcels.Read more

02 Dec 2025

Guntur Municipal Corporation (GMC) has adopted a stern measure to counter mounting tax arrears by deciding to disconnect water-supply and drainage connections for residential and commercial properties that have not cleared long-pending dues - including property tax, vacant land tax, water charges and tap fees. The enforcement comes under pressure of rising uncollected revenues and seeks to place accountability on civic officials to ensure compliance city-wide. Ward secretaries missing daily collection targets risk show-cause notices or suspension. Major defaulters will receive final demand notices, followed by service disconnections, issuance of red notices, and - for high-value cases - potential property attachment and auction.Read more

02 Dec 2025

IRB Infrastructure said earlier this week that its board had cleared the divestment of the Gandeva Ena (VM7) hybrid annuity model project to the IRB InvIT Fund for INR 513 crore. The company stated that it would receive the entire equity consideration after the transfer is completed, along with the movement of project debt to the InvIT. The deal, linked to the upcoming Delhi-Mumbai Greenfield Expressway, is expected to lower IRB's consolidated net debt-to-equity ratio. IRB has also agreed to continue as the project manager after the asset moves to the Public InvIT platform.Read more

02 Dec 2025

The Ludhiana Municipal Corporation has set weekly performance targets for its property tax and building branches to enhance the recovery of pending dues and curb unauthorised constructions. INR 131.49 crore has already been collected against an annual target of INR 180 crore for 2025-26. Officials have been instructed to intensify collection efforts, and residents are urged to pay dues on time to avoid penalties. The move builds on a record recovery earlier this year and combines stricter enforcement with close monitoring to ensure better civic service delivery.Read more

02 Dec 2025

The Government of India and the Asian Development Bank finalised loan agreements earlier this week exceeding USD 800 million to support major infrastructure and skilling projects in Maharashtra, Madhya Pradesh and Gujarat. The funding covers Maharashtra's agricultural solarisation programme, the Indore Metro project in Madhya Pradesh, and Gujarat's skill development initiative. A separate USD 1 million technical assistance grant will support Assam's forthcoming SWIFT Project, aimed at strengthening wetland management and fisheries. These approvals build on ADB's ongoing involvement in India's energy transition, urban mobility upgrades and workforce development programmes.Read more