11 Sep 2025

Glass Wall Systems (India) Ltd, a major player in the façade and fenestration solutions sector, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The company intends to raise INR 60 crore via a fresh issue of equity shares and an Offer For Sale (OFS) of 4.02 crore shares by existing promoters and investors. The funds will be directed towards establishing a GPU project at its Vile Bhagad facility in Maharashtra and supporting general corporate purposes. With over 150 projects completed domestically and internationally, the IPO is expected to strengthen its market presence and financial position.Read more

10 Sep 2025

India's privately-held infrastructure investment trusts (InvITs) are preparing to enter stock exchanges, with at least four IPOs planned this fiscal year. These listings aim to improve liquidity and broaden investor participation, especially among retail investors, who currently hold just 9% of InvITs. While domestic investors remain cautious due to high entry thresholds and limited awareness, foreign investors dominate the space, particularly in projects with sustainability-linked features. Key trusts preparing for public offerings include TVS Infrastructure Trust, NHAI's road InvIT, Cube Highways Trust, and Anantam Highways Trust, reflecting a growing effort to strengthen capital access in the infrastructure sector.Read more

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