02 Oct 2025

Earlier this week, the Goa government announced that owners seeking to regularise structures on state or comunidade land must pay based on circle rates, with a 2014 cut-off applied. The cabinet is finalising taluka-wise minimum rates under the 'Majhe ghar' scheme and intends to conclude deliberations rapidly, ahead of a formal launch. Amendments allow owners of unauthorised constructions built before the cut-off to apply, subject to size limits under urban and rural norms.Read more

02 Oct 2025

Vishvaraj Environment Limited (VEL), a major player in water utility and wastewater management, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO of INR 2,250 crore. The offering includes a fresh issue of INR 1,250 crore and an offer for sale of INR 1,000 crore by its promoter, Premier Financial Services Ltd. The company plans to use the proceeds for debt repayment, key project capital expenditure, and general corporate purposes. VEL operates 30 water and 60 sewage treatment plants and is diversifying into solar energy across Maharashtra.Read more

02 Oct 2025

Innov8 has shown substantial growth in revenue and profitability, posting a 58% increase in its latest quarter driven by strong demand for managed office spaces. EBITDA and net profit also improved, supported by higher membership revenue per seat. The company's asset-light model has enabled efficient scaling while maintaining cost discipline. With plans to double its centres and focus on high-density metro hubs, Innov8 aims to strengthen its enterprise-grade offerings. The co-working market in India is expanding rapidly, with operators projected to manage over 100 million square feet by 2026.Read more

02 Oct 2025

Nagaland has allocated INR 6 crore for urgent repair work on a vulnerable stretch of National Highway 29, which has been sinking due to heavy rainfall and ground subsidence. The Deputy Chief Minister inspected sections at Liezocha 'C' Khel and Kezanu, noting that one 300 metre portion has completely collapsed. Of the allocated funds, INR 4 crore comes from the state and INR 2 crore from central resources. Earlier, the Ministry of Road Transport and Highways had sanctioned INR 19 crore for blacktopping a 12.6 km stretch. Long-term solutions include constructing two bypass routes, with one previously approved but delayed due to land acquisition challenges, and proposals are being pushed for central approval to declare them as national highways.Read more

02 Oct 2025

DLF Cyber City Developers Ltd (DCCDL), the rental arm of realty major DLF, raised INR 1,100 crore through the allotment of non-convertible debentures on a private placement basis earlier this week. The issue, carrying a coupon rate of 6.91 per cent per annum payable quarterly, reflects the company's continuing strategy to strengthen its funding avenues. DCCDL, a joint venture between DLF and Singapore's sovereign wealth fund GIC, manages a 44 million sq ft operational portfolio of commercial properties across major Indian cities.Read more

01 Oct 2025

WeWork India is preparing to launch its IPO while reporting a first-quarter loss of INR 14.14 crore, an improvement from last year's INR 29.17 crore. Revenue grew 19% to INR 535.31 crore in the same quarter. The company, majority-owned by Embassy Group, operates in key Tier-1 cities managing 77 lakh sq. ft of office space. The IPO is structured as an Offer For Sale worth up to INR 3,000 crore, aimed at enhancing visibility and liquidity for shareholders. Past investments include USD 100 million from WeWork Global and a rights issue to reduce debt.Read more

01 Oct 2025

The Greater Chennai Corporation has collected INR 910 crore in property tax during the first half of the current financial year against a target of INR 1,100 crore. To address the gap, officials have introduced digital reminders, QR-code payment options and systematic follow-ups. The shift towards online compliance reflects the growing use of technology in civic revenue systems and the urgency to meet financial benchmarks.Read more

30 Sep 2025

Solarworld Energy Solutions Ltd listed on the stock market with shares opening nearly 11 per cent above the IPO price, reflecting strong investor interest. The INR 490-crore IPO, including fresh equity and promoter share sales, was oversubscribed 65 times on the final bidding day. Funds from the fresh issue will help the subsidiary, Kartik Solarworld, develop a 1.2 GW Solar PV TopCon manufacturing facility in Madhya Pradesh and support general corporate purposes. The company, offering EPC services for solar projects, continues to expand its operations and is well-positioned to meet growing demand in India's renewable energy sector.Read more

30 Sep 2025

Dhariwal Buildtech Ltd is preparing to enter the stock market with an IPO aimed at raising INR 950 crore. The funds will be used for buying construction equipment, repaying debts, and general corporate purposes, with a potential pre-IPO placement of INR 190 crore affecting the issue size. The company, known for road, bridge, tunnel, and rural infrastructure projects, has completed 29 projects with ongoing work on 27 more across multiple states. With revenue of INR 1,153 crore and profits of INR 160.59 crore in Fiscal 2025, the IPO will be managed by SBI Capital Markets and HDFC Bank.Read more

30 Sep 2025

Behari Lal Engineering Ltd has filed draft papers with SEBI to raise INR 110 crore through an IPO, comprising a fresh share issue and an offer-for-sale by promoters and investor SG Tech Engineering. Established in 1995 and now a public limited company, it manufactures engineering castings, alloy steel products, and metal rolls for sectors like steel, power, and heavy engineering. With two integrated units in Punjab, a strong customer base in India, and exports to 15 countries, the company reported revenue of INR 508 crore and profit of INR 53 crore in the last fiscal year.Read more