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

07 Sep 2025

Uttar Pradesh Chief Minister Shri Yogi Adityanath hailed the Centre's new GST reforms as a "next-generation tax revolution," thanking Prime Minister Shri Narendra Modi and Finance Minister Smt Nirmala Sitharaman for the rate cuts. The simplified two-slab system of 5% and 18% is expected to lower household costs, boost purchasing power, and strengthen self-reliance. Essential items like food, medicines, and education materials will now attract 0-5% GST, while luxury goods face 40%. Deputy CMs Keshav Prasad Maurya and Brajesh Pathak praised the reforms, calling them transformative. Industry leaders and academics also welcomed the move, citing benefits for exporters, entrepreneurship, job creation, and overall economic growth.Read more

06 Sep 2025

JSW Cement Ltd, part of the JSW Group led by Sajjan Jindal, reported a loss of INR 1,366.41 crore in the first quarter ending June, primarily due to a one-time expense from the conversion of compulsory convertible preference shares (CCPS) into equity. Despite this, revenue grew year-on-year to INR 1,559.82 crore, and cost control measures helped the company nearly double its profit before one-offs, improving the operating margin to 20.7% from 13.81% last year. Management continues to focus on organic growth to achieve its expansion targets.Read more

05 Sep 2025

The Greater Hyderabad Municipal Corporation (GHMC) earned INR 759.98 crore from building permissions and occupancy certificates in the five months from April to August 2025, reflecting a 90% rise over the same period last year. The growth was driven by 4,389 building permissions and 1,008 occupancy certificates, facilitated through instant registration, instant approval, and single-window systems.Read more

05 Sep 2025

The State Bank of India has said in its latest research report that changes in GST rates will cause only a limited revenue loss of about INR 3,700 crore, which is much lower than the government's initial estimate of INR 48,000 crore annually. The report mentions that the impact on fiscal deficit will be negligible as growth and higher consumption are expected to balance the shortfall. The simplified GST structure, replacing four slabs with two, is also likely to reduce inflation, improve compliance, and support cost efficiencies in sectors like banking.Read more

05 Sep 2025

Karnataka has attracted over INR 12 lakh crore in new investments from 2021-22 to 2024-25, driven by a supportive investment climate, strategic policies, and a strong talent ecosystem. The state leads in innovation, IT, aerospace, and machine tools exports while hosting a thriving MSME and startup ecosystem, including 45 unicorns. Tourism and agriculture sectors show growth potential, with recommendations for improved infrastructure, community involvement, and financial support for long-term sustainability. The study underscores Karnataka's strategic position as a hub for investment, innovation, and economic growth.Read more

05 Sep 2025

HDFC AMC has highlighted the potential in short-term corporate bonds, citing higher yields compared with government securities. AAA-rated corporate bonds with three- and five-year maturities have increased around 50 basis points recently, while spreads over government bonds widened to 75-85 bps. The fund, managing debt worth INR 2.61 trillion (USD 29.60 billion), suggests investors may consider corporate bond-focused schemes with durations up to five years. Factors such as ample banking liquidity, potential RBI rate cuts, and stable inflation support this outlook. Despite fiscal pressures from tax revisions, government measures are expected to maintain deficit targets.Read more

05 Sep 2025

Global investment firm Blackstone has announced leadership changes within its Asia-Pacific real estate division. Tuhin Parikh has been elevated to Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India, while Asheesh Mohta has been appointed Head of Real Estate India. These appointments form part of wider structural changes in the APAC business. Blackstone, one of India's largest foreign real estate investors, manages over USD 50 billion in assets, including USD 20 billion in real estate holdings.Read more