4 minutes ago

Dosti Realty has inaugurated a Ganesh temple within its Dosti Greater Thane township in Kalher, located around 7 km from Lake Shore, Thane, marking the first such religious structure developed within its residential projects. The 125-acre integrated development, designed as a self-sustained neighbourhood, includes over 70% open spaces, a 1 lakh sq ft clubhouse, and planned social infrastructure. The project is positioned near the upcoming Kalher Metro Station, improving connectivity to Thane and the wider Mumbai Metropolitan Region. Alongside residential offerings of 1 and 2 BHK units, the township incorporates lifestyle and training facilities, including sports academies and retail spaces. The temple adds a community-oriented element aimed at supporting cultural and social interactions among residents within the development.Read more

34 minutes ago

BPTP Limited has leased approximately 104,000 sq ft of Grade-A office space at its Capital City project in Sector 94, Noida to MediaTek for a new research and development (R&D) facility. The centre, which became operational in the past week, marks MediaTek’s second R&D hub in India after Bengaluru. The transaction reflects sustained demand from global technology firms for high-quality office assets in NCR, supported by strong connectivity and infrastructure. The development, located close to the Okhla Bird Sanctuary Metro Station, forms part of a 780,000 sq ft mixed-use commercial project with sustainability certifications and modern workplace amenities.Read more

1 hour ago

New Zealand-based Infratil saw its shares reach a record high after its associate, CDC Data Centres, secured a major 555-megawatt contract with a U.S. client. The deal has taken CDC’s total contracted capacity beyond one gigawatt, reflecting strong global demand for data infrastructure. The long-term agreement and planned capacity rollout over the next few years highlight growing investment in Australasia’s data centre market, supported by renewable energy access and stable conditions.Read more

1 hour ago

The Andhra Pradesh Capital Region Development Authority conducted its weekly “Grievance Day” at its headquarters in Rayapudi, receiving 53 petitions from farmers and residents of the capital region. The session, held in the past week, focused on issues including re-allotment of returnable plots, land pooling concerns, and related matters linked to the Amaravati capital city project. Senior officials, including the Commissioner and Additional Commissioner, reviewed submissions and assured timely resolution. The authority reiterated that grievance petitions can be submitted on all working days at its Citizen Grievance Centre, with dedicated weekly sessions aimed at addressing stakeholder concerns within the capital region development framework.Read more

2 hours ago

The Union government has accelerated highway development in Maharashtra by awarding multiple road projects under the build-operate-transfer (BOT) model, aimed at increasing private sector participation in infrastructure delivery. The initiative, led by Nitin Gadkari, seeks to revive BOT-based project structuring amid improved traffic visibility and financial viability. Several highway stretches across the state are being taken up under this framework, with developers expected to invest, construct, and operate the assets over a concession period. The move forms part of a broader strategy to diversify funding sources and accelerate project execution in the national highways sector.Read more

2 hours ago

DigiCo Infrastructure has announced the sale of its Chicago data centre for USD 750 million, aiming to reduce debt and strengthen liquidity while funding its Sydney expansion. The deal, expected to close in the first quarter of fiscal 2027, has significantly boosted investor confidence, pushing the company’s shares up over 25 percent. The transaction will lower net debt and improve cash reserves. DigiCo is also exploring monetisation of its Los Angeles assets and may return excess cash to investors, while maintaining its earnings outlook for fiscal 2026.Read more

3 hours ago

Abhee Ventures, a Bengaluru-based residential developer, has outlined its growth trajectory across the city’s key micro-markets, backed by a 16-year track record and over 25 completed projects. Founded in 2009, the company has built a presence in corridors such as Sarjapur Road and Electronic City, with developments spanning apartments, villas, and plotted layouts. Its current and upcoming portfolio includes multiple projects across Whitefield, Hennur, Hebbal and other emerging residential hubs. Among its pipeline is a 45-acre township on Whitefield–Sarjapur Road featuring residential units, a private lake, and recreational infrastructure. The company attributes its expansion to sustained housing demand in Bengaluru, supported by infrastructure growth and evolving buyer preferences for integrated developments and amenity-led residential formats.Read more

3 hours ago

Rays Power Infra Pvt. Ltd. has commissioned 1.1 GW of solar capacity during FY26 across Karnataka, Rajasthan and Gujarat, marking its highest annual execution to date. The addition has taken its cumulative commissioned portfolio beyond 2.4 GWp. The company is expanding its EPC order book and independent power producer portfolio while exploring hybrid renewable solutions, battery storage and green hydrogen. The milestone comes amid India’s push towards 500 GW non-fossil fuel capacity, with integrated developers scaling execution and diversifying across renewable segments.Read more

4 hours ago

The Chandigarh administration has excluded change of land use (CLU) permissions and conversion of industrial plots into commercial use from its ongoing reform agenda, citing feasibility and regulatory constraints. Officials indicated that fragmented land holdings, limited vacant land, and high infrastructure costs make CLU-based development impractical in the Union Territory. The move also aligns with restrictions under the Chandigarh Master Plan 2031 and the Periphery Control Act, 1952. Instead, the administration is prioritising alternative reforms, including higher floor area ratio (FAR), relaxed building norms, and mixed-use development in select industrial areas. The decision impacts long-standing demands from developers and industry stakeholders seeking greater flexibility in land use.Read more

4 hours ago

Chandak Group has launched a children’s book titled Little Steps to Big Dreams, aimed at introducing financial literacy concepts such as saving and investing to young readers. The initiative, unveiled in Mumbai as part of the company’s 40-year milestone, marks a diversification of engagement beyond real estate development. The launch event included participation from families, parenting communities and digital influencers, alongside interactive sessions designed to simplify financial concepts for children. The initiative reflects the developer’s focus on community engagement and social outreach, extending its role beyond housing development to educational awareness.Read more

5 hours ago

Larsen & Toubro has secured a ‘mega’ domestic order valued between INR 10,000 crore and INR 15,000 crore from JSW Steel for engineering, procurement and construction works. The contract involves installation of key process facilities, including blast furnaces and steel melt shops, across sites in Ballari, Karnataka and Paradip, Odisha. The order supports JSW Steel’s plan to expand its crude steel capacity from 35 million tonnes per annum to over 50 MTPA by 2031. The development marks L&T’s largest order in the domestic metals segment.Read more

5 hours ago

Commercial real estate investment across Asia Pacific recorded an 18% year-on-year increase to USD 46.2 billion in the first quarter of 2026, according to CBRE’s latest regional survey. The growth was led by strong capital deployment in markets such as Singapore, India and Hong Kong SAR, despite ongoing geopolitical and macroeconomic uncertainties. While investor sentiment has moderated compared to the previous six months, it remains above pandemic-era levels, supported by steady occupier demand. Cap rate trends varied across markets, reflecting local conditions, with upward pressure in Australia and stabilisation in mainland China. Institutional investors showed increased activity in select regions, while supply constraints linked to high construction costs are expected to influence medium-term investment opportunities across the region.Read more

6 hours ago

West Chennai is witnessing a significant transformation as infrastructure upgrades, industrial expansion and institutional development reshape the city’s residential landscape. Micro-markets such as Thirumazhisai are emerging as major housing destinations, supported by improved connectivity through the Chennai-Bengaluru Highway, Outer Ring Road and the upcoming Metro Phase 2 network. Residential sales in Chennai rose 9% year-on-year during the first quarter of 2026, while office leasing volumes climbed 60%, driven largely by Global Capability Centres. The corridor’s proximity to the Sriperumbudur manufacturing belt, combined with the proposed greenfield airport and the upcoming Tamil Nadu Knowledge City project, has strengthened investor and homebuyer interest. Rising land and apartment prices in Thirumazhisai reflect increasing confidence in the area’s long-term growth potential and its evolving role within Chennai’s expanding urban structure.Read more

7 hours ago

The Navi Mumbai Municipal Corporation (NMMC) conducted an eviction drive in the Belapur division earlier in the past week to remove homeless encroachments from multiple locations, including areas beneath the L&T bridge in Sector 42, Seawoods, and Sector 25, Nerul. The action was undertaken by the encroachment department under the direction of senior civic officials, with support from ward offices across Belapur, Nerul, Ghansoli and Airoli. Belongings of those occupying these spaces were seized during the operation. The drive involved coordinated deployment of labour, vehicles, and enforcement personnel, including police and security staff. Civic authorities indicated that such measures would continue in a sustained manner to manage encroachments and maintain public spaces across Navi Mumbai.Read more

8 hours ago

Sri Lankan equities ended the trading session higher on Monday, supported by strength in healthcare and real estate stocks. The CSE All Share index advanced 0.65% to close at 22,695, with SMB Finance PLC and HDFC Bank of Sri Lanka leading gains. Market activity showed lower trading volumes compared to the previous session, though turnover increased to 4.81 billion Sri Lankan rupees (USD 15.1 million). Foreign investors continued to sell equities worth 2.46 billion rupees, while domestic investors provided support with net purchases of 4.8 billion rupees, reflecting mixed participation trends.Read more

9 hours ago

Casagrand has launched its largest residential project in Hyderabad, a 35-acre villa development named Casagrand Vybe in Rajendra Nagar, marking its fifth project rollout in the city during 2026. The project forms part of the developer’s expansion strategy, adding 3.98 million sq ft to its Hyderabad portfolio. Comprising 362 five-bedroom villas, the project is positioned as a low-density development with 71% open space and pricing starting from INR 3.2 crore. The launch follows a series of residential developments undertaken by the company since its entry into the Hyderabad market in 2023. With multiple ongoing and completed projects across key micro-markets, the developer is scaling its presence amid sustained housing demand driven by infrastructure growth and employment expansion in the city.Read more

10 hours ago

Blue Owl reported better-than-expected earnings for the past quarter, supported by steady fee-related income and growth in assets under management. The firm raised USD 11 billion in new capital and saw AUM rise 15% to nearly USD 315 billion. While concerns persist around retail investor withdrawals and exposure to software-linked private credit, the company’s performance indicates continued demand. Despite market volatility and a recent decision to limit fund withdrawals, industry players maintain that private credit fundamentals remain stable, with institutional and private wealth inflows supporting long-term growth.Read more

11 hours ago

The second phase of the Ayodhya Master Plan has been formally notified, expanding the development area to around 766 sq km across Ayodhya, Basti and Gonda districts. The plan incorporates over 350 villages and introduces a structured land-use framework covering residential, commercial, industrial and transport zones. It is designed to guide long-term urban expansion, infrastructure development and tourism-led growth in the region. The notified framework includes provisions for highway-linked commercial activity, rural expansion zones and preservation of natural assets. The development aligns with broader efforts to position Ayodhya as a major religious and tourism centre while managing rapid urbanisation.Read more

13 hours ago

Real estate developers in Gujarat have approached the state regulator seeking a six-month extension for project deadlines due to rising construction costs and supply disruptions. CREDAI Ahmedabad highlighted that prices of key materials have increased sharply, affecting project viability and timelines. Global factors such as the West Asia conflict, along with labour shortages, have further slowed execution. Developers have requested that the situation be treated under force majeure provisions, similar to relief given during the pandemic, as delays may otherwise impact project delivery and financial stability.Read more

14 hours ago

RailTel Corporation of India has secured an order worth INR 497 crore for implementing an intelligent transport system (ITS) in Karnataka. The project involves deploying advanced traffic management technologies aimed at improving road safety, reducing congestion and enhancing urban mobility. The scope includes installation of surveillance systems, traffic monitoring tools and integrated command infrastructure. The initiative forms part of broader efforts by state authorities to adopt technology-led solutions for transport management. The project is expected to contribute to improved traffic efficiency and support infrastructure planning across key urban corridors in Karnataka.Read more

15 hours ago

The Prayagraj Development Authority (PDA) has relaxed its housing policy to allow more than one member from the same family to purchase flats in its residential schemes. The move aims to address demand challenges and changing family needs, especially among joint families seeking separate units. It is also expected to help clear unsold inventory across categories like EWS, LIG and MIG. The decision forms part of a broader push by the authority to improve housing uptake, simplify allotment rules and make its schemes more practical for buyers.Read more

08 May 2026

The Haryana government has approved key changes to its land pooling policy, enabling large-scale urban expansion across approximately 1.67 lakh acres in the state. The revised framework, cleared in the past week, aims to address land availability constraints for public projects by adopting a participation-based model involving landowners. The first phase targets around 40,000 acres across 13 districts, including Gurugram, Faridabad and Panchkula. The policy allows landowners to pool land for integrated development, receiving a share of developed plots while the remaining land is utilised for infrastructure and urban sectors. The initiative is expected to facilitate planned development of residential, commercial, and industrial zones while improving infrastructure provisioning.Read more

Noida News Desk

08 May 2026

The Greater Noida Industrial Development Authority (GNIDA) has approved the deployment of 15 electric buses to improve last-mile connectivity to the upcoming Noida International Airport. The initiative, announced in the past week, will be implemented as a six-month pilot across four routes linking key residential and commercial hubs in Greater Noida. Operated by the Uttar Pradesh State Road Transport Corporation, the service is estimated to cost around INR 1.8 crore. The buses will run at intervals of 30–60 minutes, with frequency adjustments based on ridership. The move is aimed at supporting passenger movement ahead of the airport’s operational rollout and strengthening sustainable urban mobility infrastructure in the region.Read more

08 May 2026

Larsen & Toubro expects its revenue growth to moderate to 10–12% in the current fiscal, mainly due to disruptions in the Middle East, a key market contributing around 40% of its order backlog. Ongoing geopolitical tensions have impacted project execution, delayed shipments and payments, and increased logistics and input costs. The company indicated that these pressures may continue in the near term. Despite this, L&T maintains a stable margin outlook and steady order book growth expectations, supported by a diversified portfolio and strong domestic demand pipeline.Read more

08 May 2026

The reconstruction of Hancock Bridge in Mazgaon, Mumbai, has remained incomplete for nearly a decade after the original structure was demolished, with key approach roads still pending. The Brihanmumbai Municipal Corporation has recently moved to resolve long-standing hurdles, including land acquisition and utility clearances, to fast-track the remaining work. While the main bridge structure has largely been built, the absence of functional access roads has rendered it unusable. Civic officials indicated that coordinated efforts are underway to complete the project, which is critical for easing connectivity between Mazgaon and surrounding areas, including Byculla and Dockyard Road. The prolonged delay has raised concerns over infrastructure execution and project coordination within the city.Read more

08 May 2026

Sam Woo Construction Group Ltd has indicated that it expects to report a profit of at least HKD 50 million for the financial year ended March 2026. The company’s improved performance has been supported by strong contributions from key ongoing projects, particularly work on Lantau Island. This marks a notable improvement compared to previous periods, reflecting better project execution and revenue recognition. The update signals stable business momentum for the Hong Kong-based contractor, supported by infrastructure activity and project completions across its portfolio during the financial year.Read more

08 May 2026

The Reserve Bank of India has issued draft guidelines outlining conditions under which banks and non-banking financial companies may acquire immovable assets as part of loan recovery. The proposal applies to exceptional cases where loans turn non-performing and other recovery avenues are exhausted. The draft introduces the concept of specified non-financial assets, covering collateral properties taken over in settlement of dues, and prescribes a maximum holding period of seven years for disposal. It also restricts resale of such assets to borrowers or related parties to address moral hazard concerns. The central bank has invited public comments on the framework, which aims to standardise practices and improve transparency in recovery processes.Read more

08 May 2026

Sentinel Midstream has moved ahead with construction of its Texas GulfLink deepwater oil export project off the Texas coast, marking a rare large-scale development in recent years. The project, backed by funding under the US-Japan trade agreement, is expected to begin operations by late 2028. The development comes as demand for US crude rises in Asia due to supply disruptions in the Middle East. Once operational, the facility will be capable of fully loading supertankers, addressing a key infrastructure gap and supporting the expansion of US oil exports globally.Read more

08 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed Phase II of the Airoli–Katai Naka corridor, while Phase I is in the final stage of execution. The high-speed corridor is expected to improve travel between Navi Mumbai, Thane, Kalyan-Dombivli and Badlapur by reducing congestion and cutting travel time by up to 45 minutes after full completion. The project includes twin tunnels, elevated roads, advanced tunnel safety systems and multiple access ramps. Officials said the corridor will support smoother regional movement, improve logistics connectivity and strengthen links between residential, industrial and commercial hubs across the Mumbai Metropolitan Region.Read more

08 May 2026

Retail-focused non-banking financial company InCred Holdings has filed updated draft papers with the Securities and Exchange Board of India for its proposed initial public offering, which market sources estimate could raise around INR 3,000–4,000 crore. The proposed public issue includes a fresh issue of shares worth up to INR 1,250 crore and an offer-for-sale component by existing investors including KKR India Financial Investments and MEMG Family Office LLP. The company is targeting a valuation of nearly INR 15,000 crore through the listing. Proceeds from the fresh issue are proposed to be infused into its lending subsidiary to strengthen capital adequacy and support business growth. The IPO filing comes amid continued activity in India’s financial services and NBFC capital markets segment.Read more

08 May 2026

EDP Renewables reported a 9% rise in recurring net profit, supported by higher power generation and reduced operating costs. The company outperformed market expectations, even as electricity prices in Europe remained under pressure. Growth was largely driven by North America, which continues to contribute the majority of output. While revenues stayed stable, improved efficiency and controlled expenses helped strengthen earnings. The company also expanded its installed capacity and continues to invest in new renewable projects. However, a rise in net debt reflects ongoing capital deployment for future growth across global markets.Read more

08 May 2026

WhiteBoard Advisory & Management, in partnership with Casagrand, has launched a INR 500 crore real estate investment fund focused on providing growth capital to residential housing projects across key southern Indian markets. The newly launched Millenia WB Yield Fund will primarily target projects in Chennai, Bengaluru and Hyderabad, with selective investments in other cities. The fund has already committed INR 41 crore towards its first investment, a premium villa development near Hyderabad’s airport corridor with an estimated topline of INR 400 crore over a two-and-a-half-year period. The platform plans to undertake four to five investments during 2026 as institutional and alternative capital continues to expand within India’s residential real estate sector.Read more

08 May 2026

Mindspace Business Parks REIT has successfully secured INR 5 billion through the issuance of 10-year bonds, attracting interest from bankers and investors. The bonds carry an annual coupon of 7.63 percent and were rated AAA by Crisil, indicating strong credit quality. The bidding process saw participation from multiple market players, reflecting continued confidence in REIT-backed instruments. The issue size includes base and greenshoe portions where applicable. The company has not issued any official statement on the development so far.Read more

08 May 2026

Bombay High Court has ruled that authorities cannot insist on obtaining a no-objection certificate (NOC) from defence establishments at a belated stage after construction has substantially progressed under approved plans. The court directed authorities to issue an occupancy certificate for two residential buildings near INS Trata in Worli, Mumbai, while holding that the late insistence on a defence NOC was arbitrary and legally unsustainable. The ruling came in response to a petition filed by Techno Freshworld LLP against stop-work notices and denial of occupancy certification by MHADA. The judgment is expected to have implications for redevelopment and real estate projects located near defence establishments, particularly in dense urban areas such as Mumbai.Read more

08 May 2026

TVS Industrial & Logistics Parks has signed an agreement for a 10-acre land parcel in Siliguri, West Bengal, to develop a new logistics park as part of its expansion strategy in eastern India. The proposed project is expected to strengthen regional supply chain infrastructure, support organised Grade A warehousing and improve logistics efficiency for businesses operating across eastern and north-eastern markets. Located in a strategically important transit corridor, Siliguri serves as a gateway connecting mainland India with the Northeast as well as neighbouring countries including Nepal, Bhutan and Bangladesh. The development marks TVS ILP’s second major investment in West Bengal and comes amid increasing demand for institutional-grade warehousing driven by e-commerce, FMCG, pharmaceuticals and regional distribution networks.Read more

08 May 2026

Thailand’s investment board has approved six major projects with a combined value of USD 29 billion, led by a USD 25 billion data infrastructure investment by TikTok’s local unit. The proposal involves expanding data centres and server capacity across Bangkok, Samut Prakan and Chachoengsao to support rising digital demand. The approvals also include other strategic investments aimed at strengthening the country’s industrial and digital ecosystem. The move reflects Thailand’s push to position itself as a regional hub for data infrastructure and technology services, with large-scale capital deployment expected to influence industrial real estate demand and infrastructure development.Read more

08 May 2026

The Mumbai-Ahmedabad bullet train corridor has achieved another major construction milestone with the successful installation of five heavy portal beams over active railway tracks in Ahmedabad’s Maninagar area. Executed by the National High Speed Rail Corporation Ltd (NHSRCL), the work involved some of the heaviest precast structures launched over live Indian Railways lines so far. The complex operation was completed within 22 days using a 2,200 MT crawler crane while maintaining regular train movement. The development marks further progress in India’s first high-speed rail project, which is targeted for operations in 2027.Read more

08 May 2026

Desco Infratech Limited reported strong financial growth for FY 2025–26, driven mainly by its City Gas Distribution segment and improved project execution. The company nearly doubled its revenue and recorded significant increases in profit and EBIT. While margins saw slight moderation due to expansion into the Power and Renewable EPC segment, the move is part of a long-term diversification strategy. Key developments included the acquisition of Shri Green Agro Energies Private Limited and entry into international markets through a UAE subsidiary. The company continues to maintain a strong order book and remains optimistic about future growth.Read more

08 May 2026

Bhutan and the World Bank have signed financing agreements worth USD 515 million for the 1,125 MW Dorjilung Hydropower Project, being developed through a public-private partnership between Tata Power and Druk Green Power Corporation. The project, located on the Kurichhu River in eastern Bhutan, is expected to generate over 4,500 GWh annually, with nearly 80% of output supplied to India. The development is aimed at strengthening regional energy security, enabling clean energy exports, and supporting Bhutan’s economic growth through increased power generation capacity.Read more

08 May 2026

Section 54 of the Income Tax Act, 1961 continues to influence residential property transactions by allowing individuals and Hindu Undivided Families (HUFs) to claim exemption on long-term capital gains arising from the sale of a residential asset. The provision permits reinvestment into another residential property within specified timelines, thereby deferring tax liability. The exemption is capped at INR 10 crore and applies only where gains are reinvested in a property located in India. The rule also mandates a three-year holding period for the new asset to retain tax benefits. The framework has remained a key consideration for home sellers, particularly in high-value urban markets, as it directly impacts reinvestment decisions, transaction structuring, and capital allocation within the residential real estate sector.Read more

08 May 2026

The Maharashtra government has proposed relaxing parking requirements for additional built-up space in key commercial blocks of Bandra Kurla Complex (BKC). The draft allows up to a 50% reduction in parking norms for existing and under-construction buildings in ‘E’ and ‘G’ blocks, subject to space constraints. The move aims to unlock unused development potential in one of Mumbai’s prime business districts. While industry bodies have welcomed the step, concerns remain about added traffic pressure in an already congested area without parallel infrastructure upgrades.Read more

08 May 2026

The Supreme Court of India has sought responses from the Centre and the Securities and Exchange Board of India (SEBI) regarding the handling of unclaimed deposits and investor assets. The matter relates to concerns over the treatment of funds and investments left behind by deceased individuals, including issues of legal heirs’ access and regulatory oversight. The court is examining whether existing mechanisms adequately safeguard such assets and ensure timely transfer to rightful claimants. The development highlights gaps in financial asset recovery processes and may have implications for investor protection frameworks and regulatory clarity.Read more

08 May 2026

BASF has announced plans to set up a global service hub and a global digital hub in Hyderabad through its Global Business Services arm, with operations expected to commence in the second quarter of the coming year. The facilities will support functions such as finance, human resources, supply chain, regulatory services, and internal consulting across the company’s global network. The announcement follows an exchange of a Letter of Intent with Telangana authorities. The hubs will form part of BASF’s global delivery network and are expected to contribute to the expansion of Hyderabad’s position as a centre for global capability centres, which have seen steady growth in recent years.Read more

08 May 2026

Larsen & Toubro reported a 3 per cent year-on-year decline in consolidated profit after tax at INR 5,326 crore for the March quarter of FY26, primarily due to a one-off gain recorded in the previous year. Revenue from operations rose 11 per cent to INR 82,762 crore, indicating steady execution across segments. The company’s order book reached an all-time high of INR 7,40,327 crore, with international orders contributing over half the total. During the period, L&T also moved ahead with divestments in its concessions portfolio, including Nabha Power and Hyderabad Metro. The company highlighted continued momentum in India’s services and digital economy, alongside board-level changes and a proposed dividend payout.Read more

08 May 2026

The Union Ministry of Environment, Forest and Climate Change has approved the Goa government’s proposal to classify 6.72 crore sq m of land along the Mandovi and Zuari riverbanks as an eco-sensitive zone. The designated area, spanning approximately 6,729 hectares, is intended to restrict further development and protect the region’s fragile river ecosystems. The proposal, submitted by the state Forest Department, follows concerns over unregulated construction along key waterways. State authorities have already directed planning agencies to halt new development within the identified stretch. The move is expected to influence land-use regulations and development activity in several river-adjacent areas across Goa.Read more

08 May 2026

KPI Green Energy reported a strong financial performance in the past week, with its consolidated net profit rising by over 49 per cent for the March quarter. The growth was mainly supported by a significant increase in revenue. The company also announced dividend payouts for the financial year 2025–26, including a final and a special dividend, subject to shareholder approval. Meanwhile, its stock price saw an upward movement during intra-day trading on the BSE, reflecting positive market sentiment around its earnings performance and overall growth trajectory.Read more

08 May 2026

Iron Mountain has increased its full-year financial outlook, supported by strong demand for data centres driven by artificial intelligence growth. The company reported better-than-expected first-quarter earnings and revenue, along with higher adjusted funds from operations. Its data centre leasing activity has seen a strong start this year, reflecting growing enterprise reliance on AI infrastructure. Alongside this, its traditional storage and records management business continues to provide steady cash flow from a diversified client base. The company has also announced a quarterly dividend, signalling confidence in its financial position and growth trajectory.Read more

08 May 2026

The Centre has cleared the launch of the South Coast Railway Zone, with operations scheduled from June 1 and headquarters in Visakhapatnam. The move fulfills a long-pending demand of Andhra Pradesh and is expected to improve railway administration, connectivity, and freight movement. Key changes include restructuring of the Waltair division and coordination with the Rayagada division. The new zone is likely to support industrial growth in North Andhra, enhance logistics efficiency, and create employment opportunities while strengthening overall railway infrastructure in the region.Read more

08 May 2026

The Union Cabinet has approved the development of a ship repair facility at Vadinar, Gujarat, with an investment of INR 1,570 crore. The project will be jointly executed by Deendayal Port Authority and Cochin Shipyard Limited as a brownfield development featuring a 650-metre jetty, floating dry docks and marine workshops. The facility is intended to address gaps in India’s capacity to repair large vessels exceeding 230 metres, enabling servicing of ships up to 300 metres. Located near key ports such as Mundra and Kandla, the project is expected to support maritime infrastructure, reduce reliance on overseas shipyards and generate direct and indirect employment in the region.Read more

08 May 2026

The initial public offering of Bagmane Prime Office REIT, backed by Blackstone, recorded a 71 per cent subscription on its opening day, reflecting early investor participation across categories. The INR 3,405 crore issue, which includes a mix of fresh issuance and an offer for sale, has attracted INR 1,150 crore from anchor investors. The REIT, headquartered in Bengaluru, holds a portfolio of Grade A+ office parks spanning over 20 million sq ft across key commercial corridors. Proceeds from the issue are earmarked for asset acquisitions, including properties within Bagmane Capital Tech Park and Bagmane Rio Business Park. The public issue remains open for subscription over the ongoing week.Read more