10 Sep 2025

Markets regulator SEBI has introduced amendments aimed at harmonising allotment norms for privately placed infrastructure investment trusts (InvITs), streamlining related party classifications, and easing cash flow distribution rules. The minimum allotment lot in the primary market for privately placed InvITs has been brought down to INR 25 lakh, aligning with the secondary market. The regulator has also revised rules for REITs, InvITs, and portfolio managers, focusing on greater transparency, standardised reporting, and improved ease of doing business.Read more

10 Sep 2025

Jio Financial Services Ltd (JFSL) and Germany's Allianz have formed a 50:50 joint venture, Allianz Jio Reinsurance Ltd (AJRL), to operate in India's reinsurance market. The company has been incorporated with an initial investment of INR 2.50 lakh through 25,000 equity shares. The incorporation received a no-objection certificate from the Insurance Regulatory and Development Authority of India, and the Ministry of Corporate Affairs issued the Certificate of Incorporation this week. The venture will combine JFSL's local expertise and digital capabilities with Allianz's global reinsurance experience, including over 25 years of risk management in India.Read more

10 Sep 2025

The Prayagraj Municipal Corporation (PMC) has intensified efforts to recover unpaid property taxes from defaulters, including more than 200 commercial establishments such as hotels, restaurants, and schools. These defaulters have avoided paying taxes for several years, leading to dues of nearly INR 40-50 crore. The PMC is planning property attachment actions to enforce payment and has set a collection target of INR 150 crore for the current financial year. Over INR 54 crore has already been collected from approximately one lakh property owners across the city.Read more

10 Sep 2025

The FMCG sector is preparing for a major GST change that will replace four tax slabs with two 5 % and 18 %. Products like hair oil, soap, shampoos, toothpaste, and packaged food items will now fall under the lower 5 % rate. While this is expected to improve demand, companies and distributors are left with large stocks carrying higher MRPs under the old structure. Industry leaders are asking the government to allow sales of such stock with discounts to prevent waste and manage costs. Clear guidelines are awaited for smooth transition.Read more

09 Sep 2025

The International Finance Corporation (IFC), a member of the World Bank Group, has committed up to USD 60 million (about INR 498 crore) to the Greater Visakhapatnam Municipal Corporation (GVMC) through rupee-denominated non-convertible debentures. This marks IFC's first direct municipal financing in India without a sovereign guarantee. The investment will support the Madhurawada Sewerage System Project, with a total cost of INR 553 crore, combining contributions from the central government and GVMC. The initiative is expected to improve sanitation, protect the coastline, and strengthen municipal creditworthiness.Read more

09 Sep 2025

Taurian MPS Limited, an engineering and manufacturing company specializing in sand, aggregates, and spare parts for construction and mining, has launched its Initial Public Offering on the NSE Emerge platform. The company aims to raise INR 42.53 crore through the sale of 24,87,200 equity shares, priced between INR 162 and INR 171 each. Funds from the IPO will support machinery acquisitions, research and development, working capital, and general corporate purposes. The issue includes allocations for anchor investors, institutions, non-institutional, individual investors, and market makers, reflecting a structured approach to raising capital.Read more

09 Sep 2025

The Central Board of Indirect Taxes and Customs (CBIC) has highlighted the importance of guiding businesses through the upcoming GST changes. With reduced rates on 375 items coming into effect later this month, the GST Council has streamlined the tax structure into two main slabs of 5 and 18 per cent, while tobacco and ultra-luxury goods remain at higher rates. The reforms aim to lower household expenses, support farmers and manufacturers, and simplify compliance for small traders and MSMEs. Additional measures include a simplified registration process and faster refund clearances.Read more

09 Sep 2025

Mindspace Business Parks Real Estate Investment Trust (REIT) is targeting a substantial increase in its net operating income over the next three to four years, driven by an organic growth strategy and a major expansion plan. The trust intends to invest over INR 4,200 crore to add 8 million sq ft to its portfolio. With a current NOI of INR 2,000 crore and a strong presence in tech hubs, the company anticipates minimal impact from trade shifts or AI adoption, emphasising India's cost advantage and regulatory adjustments to attract more investments into REITs.Read more

09 Sep 2025

The UK-India Infrastructure Financing Bridge (UKIIFB), marking its one-year milestone in London recently, highlighted the need for India to take an investor-centric path to attract global funding for its growing infrastructure requirements. Co-chaired by NITI Aayog and the City of London Corporation, the group shared recommendations that focus on aligning projects with global standards, enhancing transparency, and creating investor confidence. With India targeting an estimated USD 4.5 trillion in infrastructure investment by 2030, the report underlined that domestic sources alone will not be sufficient to meet this demand.Read more

09 Sep 2025

Flipspaces has raised USD 50 million (around INR 439 crore) in an expanded Series C funding round to strengthen and expand its operations in India, the US, and the UAE. The round included new investors CE-Invests, Panthera Growth Partners, and SMBC Asia Rising Fund, while early investor Carpe Diem exited. The funds will be used to enhance AI-led technology, improve supply chain integration, and support strategic acquisitions in related areas. Having completed over 1,000 projects spanning more than 8 million square feet, Flipspaces is building a technology-focused ecosystem in interior design with strong international growth potential.Read more