The Noida Authority has announced plans to publish the names of property defaulters across various sectors including industry, group housing, commercial, and institutional on its official website. This initiative aims to enhance transparency and expedite the recovery of long-pending dues. The move follows earlier actions, such as the publication of a defaulter list in June 2023, which was not updated thereafter. To ensure consistency, the Authority has now mandated regular updates and the issuance of recovery certificates against significant defaulters.Read more

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

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

Saya Group has applied for the Occupancy Certificate for its flagship high-street retail development, Saya Piazza, situated at Jaypee Greens, Sector 131, along the Noida Expressway. Spread across approximately 2 lakh sq. ft., the project blends retail, dining, and leisure experiences. With marquee names such as Ministry of Beer and LOOKS Salon confirmed, the development is nearing completion and promises to offer high-value investment opportunities with limited units remaining.Read more

The Indian rupee traded almost unchanged as investors awaited key U.S. labour market data. Treasury yields fell to four-month lows, reflecting expectations of a Fed rate cut later this month. Analysts suggest that weak U.S. employment figures may ease pressure on the rupee, but meaningful gains are unlikely without higher equity inflows or tariff relief. With current U.S. tariffs on Indian exports at 50%, the rupee could weaken further, potentially reaching 89 against the dollar by early 2026 if trade barriers remain.Read more

Shri Piyush Goyal described the GST reforms as an important step towards India's self-reliance, calling for citizens to unite in making India a developed nation by 2047. At the India MedTech Expo 2025, policymakers, industry leaders, and global experts discussed initiatives to strengthen the MedTech and healthcare sectors, including regulatory easing, export expansion, and academia-industry collaboration. The three-day event highlights MSME and start-up innovations, state showcases, and government initiatives, attracting over 150 international buyers and leading industry associations, demonstrating India's growing role as a global hub for medical technology and healthcare services.Read more

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

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

The real estate sector has welcomed the GST Council's recent reforms, describing them as a landmark step that reduces construction costs, eases compliance, and supports housing affordability. Developers and industry leaders believe the reduction in tax on key construction materials such as cement, marble and granite will strengthen project economics, enable competitive pricing, and stimulate demand ahead of the festive season. With interest rates stabilising, the reforms are also expected to encourage new project launches, attract investments, and create fresh employment opportunities across housing and allied industries.Read more

Blackstone has acquired the Centre d'Affaires, a landmark office property in Paris' Trocadéro district, for around EUR 700 million (USD 819 million). The building, which spans 41,000 EUR square meters, includes office spaces, 57 luxury apartments, cafes, and catering facilities. Originally purchased by Union Investments in 2003 for EUR 284 million, the property has seen strong interest from global investors due to its prime location and high-quality facilities. The transaction is expected to close by the fourth quarter of 2025, reflecting renewed confidence in Europe's premium office real estate.Read more

Nomura has strengthened its presence in the United States by creating a commercial real estate platform and appointing senior executives from Barclays. Larry Kravetz has been named head of U.S. commercial real estate and CMBS, while Frank Gilhool will lead warehouse financing. The team also includes Andy DiPietro and other specialists to support expansion within securitised products and private credit. This development reflects Nomura's intention to reinforce its foothold in U.S. commercial real estate.Read more

The New York Stock Exchange announced that it had begun delisting proceedings against Xinyuan Real Estate's American Depositary Shares, with trading in these securities suspended immediately. The action followed the company's failure to maintain the required global market capitalisation standard over a consecutive 30-day period. Xinyuan retains the option to appeal before the Exchange applies for formal delisting.Read more

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

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

JPMorgan Chase plans to launch its Chase digital retail bank in Germany next year, expanding its European footprint after entering the UK in 2021. While already a major player in Germany's financial market, the bank faces a competitive retail landscape dominated by local institutions and established online banks. Chase will start with savings accounts from its Berlin base and gradually expand its offerings. The move reflects JPMorgan's strategy to leverage digital banking to overcome traditional market challenges while building on its long-standing presence in the country.Read more

Liquidators of China Evergrande Group have asked the Hong Kong High Court to appoint receivers to help identify and secure assets linked to founder Hui Ka Yan and some former executives. They are seeking to recover about USD 6 billion in past dividends and payments, but have managed to collect only USD 255 million so far against creditor claims of nearly USD 45 billion. Hui, who is in detention, has not disclosed his global assets. His ex-wife is also being investigated for holding a significant share of wealth.Read more

Kerala is likely to experience an annual revenue loss of INR 8,000-10,000 crore following the GST rate cuts, according to state Finance Minister Shri K N Balagopal. While the state supports the cuts to lower consumer prices, Balagopal emphasized that the central government must ensure these benefits reach the public. Key sectors including cement, electronics, automobiles, and insurance are expected to contribute to the revenue shortfall. The new GST structure simplifies rates to 5% and 18%, impacting personal-use and aspirational goods, as well as life and health insurance premiums.Read more

The Federation of Indian Export Organisations (FIEO) has welcomed the GST Council's decision to process refunds within seven days, saying it will help ease liquidity pressure for exporters. Timely and predictable refunds are critical for maintaining India's export competitiveness amid global demand uncertainties. FIEO highlighted that the move to allow refunds below INR 1,000 will especially benefit e-commerce exporters. The exporters' body emphasized that effective implementation of these measures, along with ICEGATE facilitation for small taxpayers, will provide much-needed relief and strengthen confidence in India's export sector.Read more

Odisha CM Shri Mohan Charan Majhi highlighted the recent GST Council approvals, emphasizing benefits for farmers, MSMEs, small traders, and middle-class families. The Council approved tax reliefs on life and health insurance, agricultural inputs, farm machinery, and essential medicines, alongside measures to support tribal livelihoods. Majhi supported rate rationalisation, compensation cess reforms, and the simplified GST registration for small businesses. He also pointed out sector-specific benefits, including reduced tax on Kendu leaves for tribal communities, lower agricultural production costs, and more affordable medicines, framing the reforms as steps toward economic efficiency and inclusive growth.Read more

The GST Council has reduced tax rates on multiple dairy products, fertilisers, biopesticides, and farm equipment to benefit farmers and consumers. UHT milk and paneer are now tax-free, while butter, cheese, and condensed milk attract 5 per cent GST. Agricultural machinery, tractor components, fertiliser inputs, and various biopesticides have also seen significant tax cuts. These measures aim to lower input costs, increase demand for farm produce, and make dairy and agricultural products more affordable. The changes are expected to boost rural incomes and improve the livelihood of farmers.Read more