Concord Control Systems Clears Rs 0.5 Bn Preferential Share Issue

01 Dec 2025 CW Team

Concord Control Systems Limited, a leading manufacturer of embedded electronic systems, has announced that its Board has approved a preferential issue of up to 2,38,500 fully paid-up equity shares. Priced at Rs 2,100 per share, the issue is expected to raise around Rs 0.5 billion, subject to shareholder and regulatory approvals. The preferential issue has drawn strong interest from existing investors, including Ashish Rameshchandra Kacholia and the Sanshi Fund group, along with new participation from the Sage One Flagship Growth Open-Ended Fund. The response reflects investor confidence in the company’s expansion plans and long-term strategy. Nitin Jain, Joint Managing Director, said the capital raise marks an important milestone for the company, enabling it to strengthen its financial position, expand operational capacity and capture new opportunities in the automation and electronic solutions space. He noted that the combined support of existing and new investors reinforces trust in the company’s vision for growth. The funds will be used to accelerate Concord’s expansion initiatives, invest in advanced technologies and enhance production capabilities to meet rising demand. The preferential allotment will be made to select investors, positioning the company for sustained growth and continued innovation.

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..