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

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

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

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

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

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

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

Ahmedabad-headquartered Suba Hotels secured over INR 21 crore from anchor investors ahead of its initial public offering that opened for subscription earlier this week. The hospitality chain, operating in the mid-market segment with 88 hotels, has set a price band of INR 105-111 per share. The IPO is entirely a fresh issue of equity shares, expected to generate INR 75.47 crore at the upper end. Funds raised will be directed towards hotel upgrades, last-mile funding, and corporate purposes.Read more

The Municipal Corporation of Delhi (MCD) has decided to extend its property tax amnesty scheme, SUNIYO 2025-26, by three more months until the end of December. While the extension gives taxpayers extra time, a 2 % late fee on the principal tax will apply for payments made from October onwards. Since its launch in June, the scheme has seen strong participation, with 1.16 lakh property owners contributing INR 370.27 crore, including more than 65,800 first-time taxpayers. Overall, the civic body's property tax collection this year has crossed INR 2,111.63 crore, showing notable growth over last year.Read more

WeWork India is preparing for a INR 3,000 crore initial public offering with a share price band of INR 615 to INR 648, valuing the company around INR 8,685 crore. The OFS will allow Embassy Buildcon LLP and WeWork Global to sell their stakes, with proceeds going entirely to selling shareholders. Founded in 2017, WeWork India operates across major Tier-1 cities, managing 77 lakh sq. ft. of space. The IPO aims to enhance visibility, provide liquidity to existing investors, and create a public market for its shares.Read more