06 Oct 2025

Tata Capital has raised INR 46.42 billion (USD 523 million) from anchor investors, including LIC and Norway's sovereign wealth fund, ahead of its USD 1.75 billion IPO - one of India's largest this year. LIC invested INR 7 billion, while Norway's wealth fund bought shares worth INR 1.25 billion, allotted at INR 326 each, the upper end of the price band. The IPO, opening October 6 and listing October 13, includes a fresh issue of 210 million shares and an offer for sale of 265.8 million shares by Tata Sons and IFC. Anchor investors will hold around 30% of the 475.8 million shares on offer.Read more

06 Oct 2025

Runwal Realty aims to raise up to INR 2,000 crore through an IPO, consisting of a fresh issue of INR 1,700 crore and an OFS of INR 300 crore, with a possible pre-IPO placement of INR 340 crore. The company plans to use the proceeds to repay outstanding debt of INR 3,304 crore and fund general corporate purposes. Established in 1978, Runwal Realty has completed 35 projects and is developing 17 ongoing projects, with 24 upcoming projects spanning 35.15 million square feet across Mumbai and Pune, including a new venture into hospitality.Read more

06 Oct 2025

Corporate Affairs Secretary Deepti Gaur Mukerjee has urged insolvency professionals and valuers to adopt a robust self-regulating mechanism, stressing that the Insolvency and Bankruptcy Code (IBC), introduced in 2016, carries high expectations for market-linked, time-bound resolutions of stressed assets. Speaking at the ninth annual day of the Insolvency and Bankruptcy Board of India (IBBI) in New Delhi, she observed that while a Code of Conduct exists, its impact remains limited and professionals must focus on introspection and self-regulation rather than policing. Currently, India has 4,500+ registered insolvency professionals and 6,000 valuers under the Code. IBBI Chairperson Ravi Mital noted that more than 100,000 homebuyers have benefitted from real estate resolutions and that 125 amendments to regulations, upheld by courts, reflect the Code's ongoing evolution and credibility.Read more

06 Oct 2025

Ashoka Buildcon, through its subsidiary Viva Highways Limited (VHL), has acquired a majority stake in Jaora Nayagaon Toll Road Company (JTCL) by purchasing 74,620,000 equity shares from Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust for INR 166.59 crore. This acquisition increases Ashoka Buildcon's holding in JTCL to 61.17 %. JTCL, incorporated in 2007, has a concession from Madhya Pradesh for upgrading 125-250 km of State Highway 31 on a Build-Operate-Transfer basis. The company reported a total income of INR 265.50 crore and a net worth of INR 639.89 crore in the latest fiscal year.Read more

05 Oct 2025

Ashok Leyland announced that its total vehicle sales registered a year-on-year rise of 9 per cent in September. The company revealed that domestic sales increased by 7 per cent, with notable contributions from both heavy and light commercial vehicles. While medium and heavy commercial vehicles posted modest growth, light commercial vehicles saw a stronger double-digit rise, highlighting continued demand across categories.Read more

03 Oct 2025

The Reserve Bank of India has maintained its policy interest rate at 5.5% for the second consecutive time, reflecting caution amid global trade uncertainties and potential slowdown from U.S. tariff developments. The decision follows a series of rate cuts earlier in the year aimed at boosting growth. Retail inflation remains subdued, easing to a six-year low of 2.07% in August, supported by falling food prices. The RBI continues to balance supporting economic activity while keeping inflation under control through measured policy actions.Read more

03 Oct 2025

The Delhi government has initiated the revision of circle rates for land and properties across the city, a step that comes more than a decade after the last update in 2014. The move is intended to align property valuations with current market conditions and improve transparency in transactions. Public feedback is being sought within the next 15 days, with individuals, resident welfare associations (RWAs), industry bodies, and property owners encouraged to share suggestions via email. The process follows earlier attempts by the previous government and includes guidelines for different property categories.Read more

03 Oct 2025

The Reserve Bank of India has introduced proposals allowing banks to finance corporate acquisitions, fulfilling a long-standing demand from domestic lenders. This includes raising lending limits against shares and IPOs, and removing restrictions on large borrowers that existed since 2016. The RBI also aims to reduce borrowing costs for NBFCs financing high-quality infrastructure projects. Furthermore, licensing for new Urban Co-operative Banks, paused for nearly two decades, is being reconsidered through a discussion paper. These measures are designed to enhance credit availability, encourage corporate investments, and manage systemic risks effectively within the banking system.Read more

03 Oct 2025

India's equity benchmarks are poised to open higher on Friday, with Gift Nifty futures at 24,929.5, signalling the Nifty 50 will open above Wednesday's close of 24,836.3. Both the Nifty 50 and Sensex rose 0.9% on Wednesday, ending an eight-day losing streak, after the RBI's dovish pause and reforms to ease lending boosted financial stocks. Analysts said measures such as raising limits on lending against shares and lowering risk weights for NBFC infrastructure loans lifted sentiment. Domestic institutions remained net buyers for the 27th straight session, while foreign investors extended selling. Focus also turns to WeWork India's INR 30 billion IPO opening today.Read more

03 Oct 2025

Indian government bond yields are expected to edge lower in early trade on Friday amid growing anticipation of policy easing, though the decline may pause until the auction of a new 10-year note. The benchmark 10-year yield, which closed at 6.5166% on Wednesday, is projected to hover between 6.50% and 6.53% ahead of the government's sale of INR 320 billion in fresh 10-year bonds. On Wednesday, the RBI left rates unchanged at 5.50% but signalled space to support growth by lowering its inflation forecast to 2.6% and raising GDP growth estimates to 6.8%. Markets widely expect a rate cut in December.Read more