09 Sep 2025

Shivalaya Construction has filed for an IPO with SEBI to reduce debt and support corporate operations. The offering includes a fresh issue of INR 450 crore and an offer-for-sale of 2.48 crore shares. The company, with a strong presence in roads, highways, and bridge construction, reported total borrowings of INR 3,048 crore and revenue of INR 3,124 crore in fiscal 2025. Its ongoing projects span over 1,500 lane kilometers, and its order book totals INR 3,627 crore. The IPO may also include a pre-IPO placement of up to INR 90 crore.Read more

08 Sep 2025

A 19-member team from Chennai Angels visited Sri City's Special Economic Zone to study investment potential and business prospects. The delegation, led by industrialist K Mahalingam of TSM Group, was welcomed by Sri City Founder and Managing Director Ravindra Sannareddy. The visit included a detailed presentation on the zone's infrastructure, sustainability initiatives, and business-friendly setup. Members also toured manufacturing units of Daikin, Isuzu, and Colgate. Formed in 2009, Chennai Angels supports startups with capital and mentorship, helping them scale their businesses while encouraging entrepreneurship in India.Read more

08 Sep 2025

Fractional ownership platform RealX has closed its offering for a 9-acre development project in Dwarka, Gujarat, raising INR 9.4 crore from 93 investors. The deal, which was fully subscribed within 45 days, demonstrated growing demand for tokenised real estate solutions. By embedding legal property rights directly into blockchain tokens, RealX introduced its Secure Digital Rights (SDR) technology, creating a model that ensures registered co-ownership rights under existing property laws.Read more

08 Sep 2025

Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) have gained significant traction in India, with their combined assets under management surpassing INR 9 lakh crore over the past nine years. Industry bodies, the Indian REITs Association (IRA) and the Bharat InvITs Association (BIA), projected that this figure may rise to INR 25 lakh crore by 2030. The associations emphasised the strong investor confidence in these instruments, supported by robust returns and transparent structures, making them integral to India's capital and infrastructure financing landscape.Read more

08 Sep 2025

Kanpur Nagar has implemented revised circle rates, effective from September 5, 2025, introducing notable amendments to property valuation guidelines. Key changes include depreciation allowances for multi-story residential buildings, abolition of common facility fees, and adjustments in the valuation of large non-agricultural plots. Additionally, the valuation method for agricultural land in urban and semi-urban areas has been revised to reflect more practical and market-aligned rates. These updates aim to align property valuations with current market realities and streamline the property transaction process.Read more

08 Sep 2025

Global pharmaceutical company AstraZeneca has announced a fresh investment of INR 176 crore in India to expand its Global Innovation & Technology Centre (GITC) in Chennai. This marks the firm's third major investment in the country within two years. The move aims to strengthen AstraZeneca's global healthcare innovation presence, foster digital capabilities, and support advanced technology-led healthcare solutions. The initiative will also generate skilled employment opportunities and reinforce Chennai's position as a leading hub for global innovation.Read more

08 Sep 2025

Arbour Investments has entered Dombivli's real estate market with an INR 75 crore investment in Balaji Estate Phase 2 and Balaji Uphomes by Maharaja Dream Homes Pvt. Ltd. The partnership will deliver more than 1,150 homes across 9.25 lakh sq. ft., aimed at first-time buyers and working families. With connectivity to upcoming metro infrastructure, retail hubs, schools, and hospitals, the development is expected to strengthen long-term value in one of Mumbai's fastest-growing suburbs.Read more

07 Sep 2025

The Nashik Municipal Corporation has proposed an ADB loan of INR 1,000 crore to strengthen the city's infrastructure ahead of the Simhastha Kumbh Mela. It builds on a broader INR 15,000 crore plan submitted to the state government, of which INR 3,270 crore has already been approved. The loan will be backed by the state and directed toward a complete sewage network, flood control, and stormwater drainage. The civic body also plans to raise INR 400 crore through municipal and green bonds. Earlier rounds of funding, motivations, and infrastructure pressures add deeper context to these preparations.Read more

07 Sep 2025

Hydraulic fitting manufacturer HyTech Engineers Ltd has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO will include a fresh issue of equity shares worth INR 70 crore along with an offer for sale (OFS) of 1.19 crore equity shares by promoters. The company plans to use the net proceeds for expanding operations at its Kavathe, Shirwal, and Pithampur Unit-I facilities, repayment of debt, and other corporate needs. The shares are proposed to be listed on NSE and BSE, with New Berry Capitals acting as the sole book-running lead manager.Read more

07 Sep 2025

The latest property auction by Chandigarh's UT Estate Office drew strong investor response, with total sales touching INR 168.85 crore against a reserve of INR 75.29 crore. A 1,014 square yard plot in Sector 33 stood out, colllecting INR 33.4 crore over double its reserve price of INR 14.9 crore. Even smaller plots such as a 126 square yard site sold at INR 4 crore, more than twice the base value. Out of 20 properties offered, 15 including residential and commercial were sold successfully, while five commercial plots will be re-auctioned. The process was fully digital, receiving 288 applications and 587 bids.Read more