3 minutes ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) held Village Sabha meetings in Undavalli and Uddandarayunipalem to discuss the Amaravati Master Plan and village-level road network planning. The consultations focused on the proposed Village Circulation Plan and Village Integration Plan, including the integration of existing village roads with roads planned under Land Pooling Scheme (LPS) zones. Officials also explained ongoing surveys to map existing road connectivity and gather information for future infrastructure planning. Residents participated in the discussions and shared suggestions, which APCRDA said would be examined before the village-level plans are finalised.Read more

33 minutes ago

Former BBMP Finance & Taxation Committee Chairman Manjunath Raju has called for stronger administrative implementation of Bengaluru’s existing Property Identification Number (PID) and GIS-based property mapping systems to improve property tax compliance and municipal revenue. His remarks come amid concerns over the gap between the estimated number of properties in the city and those covered by property tax collection and official records. Raju said Bengaluru’s earlier use of PID helped expand the identified taxable property base and improve collections, and suggested better integration, regular audits and greater administrative accountability to strengthen the system.Read more

1 hour ago

Australia is struggling to build homes fast enough to meet its target of 1.2 million new dwellings by 2029, with construction activity currently below the required pace. Official data shows completed home construction is 27% below the quarterly rate needed to achieve the target, while industry forecasts suggest the country could fall short by about 15%. Rising construction costs, worker shortages, longer project timelines, higher financing costs and stalled apartment projects are putting further pressure on supply. Builders in major cities are also facing competition for labour from large infrastructure projects, including preparations for the 2032 Brisbane Olympics.Read more

1 hour ago

Kalpataru Projects International Ltd (KPIL) reported a 46% year-on-year increase in consolidated net profit to INR 312 crore for the quarter ended June 30, 2026, compared with INR 214 crore in the corresponding quarter of 2025. Consolidated revenue rose to INR 6,408 crore from INR 6,171 crore. The company recorded order inflows of INR 7,668 crore during FY27 to date and was favourably placed as the lowest bidder for a further INR 7,300 crore of orders, mainly across its transmission and distribution and buildings and factories businesses. Its order book stood at INR 66,607 crore as of June 30, 2026. The board has also approved capital expenditure of up to INR 150 crore for a rolling mill at its Raipur plant as part of a backward-integration initiative.Read more

2 hours ago

Managed workspace provider Table Space Technologies Ltd has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering comprising a fresh issue of INR 800 crore and an offer for sale (OFS) of up to 6.55 crore equity shares. The OFS will include shares held by promoter AGS TS II Holdings Pte. Ltd., ultimately owned and controlled by funds of Hillhouse Investment, as well as individual promoters Karan Chopra and Kunal Mehra and other existing shareholders. The Bengaluru-headquartered company provides managed workspace solutions to Global Capability Centres, Fortune 500 companies and multinational corporations. As of March 31, 2026, it had 9.33 million sq. ft. of leased area across eight Tier-1 cities.Read more

2 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) has opened a creche at its headquarters in Rayapudi, Amaravati, to help employees manage work responsibilities while caring for their young children. Located on the ground floor of the APCRDA project office next to SBI Bank, the facility is also available to employees of nearby government offices. It operates on weekdays from 10 am to 5:30 pm and provides children with a safe and supervised environment during working hours. The facility was inaugurated by APCRDA Social Development Group Director V. Ramulu.Read more

3 hours ago

The Leela Palaces, Hotels and Resorts has launched Melodies by The Leela, a sonic identity created as part of the hospitality brand’s celebration of four decades of True Indian Luxury. The platform debuts with A Living Raga, a 14-track album composed exclusively for The Leela by Grammy-winning sarod musicians Amaan Ali Bangash and Ayaan Ali Bangash. The album received its first listening at The Leela Palace New Delhi on August 7, with the gathering featuring Ustad Amjad Ali Khan and other guests. The initiative builds on more than 15 years of musical collaborations between The Leela and the Bangash brothers. The brand said the platform will develop through original compositions, destination-inspired collections and collaborations with artists, extending its cultural and sensory programming beyond its hotels’ physical spaces.Read more

3 hours ago

The Trump administration is planning at least USD 900 million in construction and modernization work across the White House grounds, according to records reviewed by The Washington Post. The projects include the East Wing ballroom, a helipad, a visitor screening facility and upgrades around Lafayette Square. Funding has been assembled through transfers from federal agencies, private donations and other sources and placed in an account normally used for routine White House maintenance. The plans have drawn attention because the administration did not seek direct congressional approval for the overall construction programme, while a federal appeals court has ruled that congressional approval is required for the ballroom project.Read more

4 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) has held Village Sabha meetings in Lingayapalem and Velagapudi as part of the planning process for Amaravati’s village-level road network. The meetings focused on the Amaravati Master Plan, Village Circulation Plan and Village Integration Plan, with officials explaining how existing village roads could be integrated with roads planned under Land Pooling Scheme (LPS) zones. Surveys are also being conducted to map existing road networks and connectivity. Residents shared suggestions during the consultations, which APCRDA said would be considered while finalising the plans for individual villages.Read more

4 hours ago

E-commerce enablement platform Shiprocket has raised INR 727.41 crore from anchor investors ahead of its public issue. The company allotted 7.5 crore equity shares at INR 97 apiece, the upper end of its IPO price band. The anchor book included global and domestic institutional investors such as the New York State Teachers Retirement System, Nomura Funds Ireland, Societe Generale, ICICI Prudential Life Insurance Company and several leading mutual funds. Shiprocket’s INR 1,617.5-crore IPO is scheduled to open for subscription on August 12, with the company planning to use fresh issue proceeds for platform growth, technology, marketing, debt repayment and potential acquisitions.Read more

5 hours ago

DBS Bank India has extended a credit facility of INR 520 crore to real estate developer K Raheja Corp for the development of approximately 1.1 million sq. ft. of office space in Balewadi, Pune. The financing will support the development of a commercial tower in the western Pune office market. Separately, private credit-focused investment firm Certus Capital said it committed more than INR 1,000 crore during the first six months of 2026 across residential, commercial and mixed-use real estate opportunities. More than a quarter of Certus Capital’s commitments were in Hyderabad, while Mumbai and Chennai each accounted for 19% and the National Capital Region represented 37%. In another development, CHRIST University announced an IBM innovation centre focused on artificial intelligence.Read more

5 hours ago

The Uttar Pradesh government has approved 73,184 new houses across 137 urban local bodies under the beneficiary-led individual house construction component of Pradhan Mantri Awas Yojana-Urban 2.0. The latest approval takes the total number of houses sanctioned under this component in the state to 4,88,526. The decision was taken at a meeting of the State Level Sanctioning and Monitoring Committee chaired by Chief Secretary S P Goyal. Officials have been directed to ensure that the sanctioned projects meet prescribed construction standards and are completed within the stipulated timelines. The state government has also stressed regular monitoring to prevent delays in delivering housing facilities to eligible beneficiaries.Read more

6 hours ago

Piramal Realty has delivered the Royal Polo Pavilion, a 30,000 sq. ft. residents’ clubhouse at its Piramal Mahalaxmi development in Mumbai. Designed by British design studio Conran and Partners, the three-level clubhouse overlooks the Mahalaxmi Racecourse and the Arabian Sea. Its design draws on the history of polo associated with the racecourse and incorporates equestrian references, natural materials and artworks developed with the Piramal Art Foundation. The clubhouse includes a gym, private theatre, residents’ lounge, banquet hall, spa, yoga studio, indoor games room, squash court, multipurpose court and children’s play area. Piramal Realty said the delivery forms part of its development portfolio, which includes more than 5,800 homes delivered across 24 towers covering approximately 9.3 million sq. ft. of area.Read more

6 hours ago

Morgan Stanley Real Estate Investing has acquired a 1.5 million-square-foot Ace Hardware distribution facility in Kansas City, Missouri, from Hunt Midwest for USD 158.5 million. The facility is located within the 3,300-acre KCI 29 Logistics Park and operates under a long-term net lease to Ace Hardware. Developed by Hunt Midwest as the first project at the industrial megasite, the distribution centre became operational last year. The transaction was completed off-market, with Newmark Zimmer executives Mark Long and John Hassler facilitating the deal. The property forms part of Morgan Stanley’s wider global real estate investment portfolio.Read more

7 hours ago

The Madhya Pradesh Cabinet has approved development proposals worth INR 47,990 crore covering healthcare, road infrastructure, agriculture research and women-focused awards. The decisions include INR 28,083.47 crore under the National Health Mission and INR 12,123.81 crore for the Ayushman Bharat Scheme. A major infrastructure proposal involves INR 1,757.55 crore for a 44.830-km four-lane Bhopal-Vidisha road under the Hybrid Annuity Model. The Cabinet also approved land for a Krishi Vigyan Kendra in Sehore and increased the prize money for two state-level awards recognising women's social service and bravery.Read more

7 hours ago

ITC Ltd has entered into an agreement with the Swarna Andhra P4 Foundation to adopt 100 villages across nine districts of Andhra Pradesh for integrated rural development. Under the initiative, 15 villages will be developed as P4 Lighthouse Villages to serve as models that can be replicated elsewhere in the state. The programme will focus on livelihood improvement, economic empowerment of Bangaru Kutumbalu and areas such as agriculture, skill development, women’s empowerment, water security, education and waste management. The initiative is linked to Andhra Pradesh’s Swarna Andhra@2047 vision and the Zero Poverty P4 programme.Read more

8 hours ago

The Maharashtra Cabinet has approved changes to the interest payable on delayed land acquisition compensation and concessions on land-related charges for renewable energy projects. The decisions include amendments to Section 72 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, to revise the applicable interest rate when compensation payments are delayed. For renewable energy projects, the Cabinet approved exemption from stamp duty on internal land transfers between companies within a group or special purpose vehicles and a 25% concession on land transfer fees for purchased land. The Cabinet also cleared proposals covering state agriculture posts, financing for a cooperative sugar factory, private skill universities, social work education and judicial infrastructure in Nanded district.Read more

8 hours ago

Existing home sales in the US declined for a second consecutive month as higher mortgage rates, elevated home prices and limited housing supply continued to weigh on buyers. Sales fell 1.7% to a seasonally adjusted annual pace of 4.06 million units, while the median price rose 2% to USD 434,100. Housing inventory also declined to 1.54 million units. First-time buyers accounted for only 29% of purchases, well below the level considered necessary for a stronger housing market. At the same time, small business sentiment improved, with hiring plans reaching their strongest level in several years.Read more

9 hours ago

A fire that broke out on the 11th floor of a residential building in Mumbai's Vile Parle (West) late Tuesday night claimed the lives of two people, including a 2.5-year-old child, while six others were injured. The blaze was reported from two flats in the high-rise on Baptista Road, near St Xavier School, triggering a rescue and firefighting operation. Emergency teams responded to the incident and worked to assist residents affected by the fire. Police and other authorities are expected to examine the circumstances surrounding the blaze and determine its cause.Read more

9 hours ago

A Parliamentary Standing Committee on Railways has again asked the Railway Ministry to prepare zone-specific strategies to increase freight traffic, particularly in areas with limited mineral movement and industrial activity. The Committee has also called for a structured annual review of freight rates based on commodity demand, competition, logistics costs and operating expenses. It welcomed measures such as network expansion, Dedicated Freight Corridors, yard modernisation and private investment in wagons. The Ministry reported that the average number of freight trains per day increased from 4,968 in 2021-22 to 6,789 in 2024-25, while crew shortages remain an issue.Read more

10 hours ago

Suraj Estate Developers has approved the issuance of non-convertible debentures (NCDs) worth INR 165 crore through a private placement, adding another debt-raising route for the Mumbai-based real estate developer. The NCDs are proposed to be senior, secured and unrated. The move comes as the company continues to expand its project pipeline in South-Central Mumbai, where it focuses on residential and commercial development, including redevelopment projects. The company had also raised funds through equity and debt instruments in the past to support project development, acquisitions, working capital and business expansion.Read more

10 hours ago

The Finance Ministry is set to hold a two-day PSB Confluence bringing together senior leadership of public sector banks and public financial institutions to discuss measures aimed at improving people-centric banking outcomes. Finance Minister Nirmala Sitharaman and Minister of State for Finance Pankaj Chaudhary are expected to attend the conclave. The discussions will cover seven areas, including deposit mobilisation, youth banking, infrastructure investment, global capability centres, agriculture and horticulture value chains, credit cards and priority sector lending. Around 125 senior representatives are expected to participate and work on scalable and time-bound initiatives.Read more

10 hours ago

While Mumbai's real estate market has transformed dramatically over the decades, a handful of Bollywood families continue to preserve homes that have remained within their lineage for generations. From sprawling palaces and heritage bungalows to redeveloped family compounds, these properties represent far more than luxury addresses. They reflect family history, architectural legacy and emotional continuity, serving as homes where multiple generations of actors, filmmakers, writers and cultural icons have lived, worked and created enduring legacies that continue to shape Indian cinema.Read more

11 hours ago

MENA for Touristic and Real Estate Investment reported consolidated net profit attributable to the company of EGP 253,922 in the second quarter, while consolidated revenue stood at EGP 2.9 million. The figures were reported this week through a Reuters filing. MENA is an Egypt-based real estate company with activities spanning tourism, real estate investment, construction, project management and urban development. The company has been listed on the Egyptian Exchange since 1995 and has a long operating history in residential and tourism-related developments across Egypt and other regional markets.Read more

11 hours ago

The Kiratpur-Manali four-lane highway in Bilaspur district has been closed beyond Mandi Bharari Chowk following continuous rockfall near Mehla. Traffic has been diverted through Swarghat and Nauni Chowk to maintain movement between Chandigarh and destinations including Bilaspur, Hamirpur, Mandi, Kullu and Manali. The closure comes during a period of heavy monsoon activity in Himachal Pradesh, when several roads have been affected by landslides and other weather-related disruptions. The highway is a key connectivity route to Manali and also has strategic importance for onward access towards Leh-Ladakh.Read more

11 hours ago

India’s logistics and industrial real estate market recorded its strongest first-half performance in H1 2026, with gross leasing across the top eight cities reaching a record 36.2 million square feet (MSF), according to Cushman & Wakefield. Leasing rose 18% year-on-year and 2% over H2 2025, supported by sustained demand from logistics, manufacturing and automotive occupiers. Warehousing accounted for 67% of total activity, while industrial leasing grew 36% YoY to nearly 12 MSF. Delhi NCR led city-wise demand with a 24% share, followed by Chennai at 17% and Pune at 16%.Read more

12 hours ago

The Delhi Development Authority is reviewing its residential property conversion policy with the aim of simplifying the leasehold-to-freehold process and making it easier for citizens. Conversion requests have been kept on hold during the review, with no confirmed timeline for their resumption. The suspension followed the adoption of revised circle rates by the Delhi government and has also raised the issue of conversion charges. DDA’s existing framework allows residential flats and built-up plots to be converted to freehold after payment of applicable charges and dues, subject to conditions relating to property disputes and government land.Read more

12 hours ago

Sunstone Hotel Investors has entered into a USD 300 million equity distribution agreement with a group of sales agents, allowing it to sell common stock from time to time through at-the-market or negotiated transactions. The new programme replaces its previous equity distribution arrangement and also provides for possible forward sale agreements. Sales agents can receive commissions of up to 2% of gross sales. The move comes as Sunstone manages capital investments, property dispositions and stock repurchases. The company owns 13 hotels with 6,178 rooms and recently completed the USD 279 million sale of Hyatt Regency San Francisco.Read more

13 hours ago

The Centre has granted final approval, with conditions, for felling nearly 1.40 lakh trees in forest areas of Madhya Pradesh’s Indore and Khargone districts for the Mhow-Khandwa railway gauge conversion project. Around 1.24 lakh of these trees are in Indore. The 156-kilometre project involves replacing the existing metre-gauge alignment with a broad-gauge line. Tree cutting is expected to begin after the monsoon, while the Railways will have to implement a Green Railway Corridor Management Plan covering plantation, rainwater harvesting and energy-efficient operations. Compensatory plantation will cover 916 hectares in Dhar and Jhabua.Read more

13 hours ago

A special CBI court in Mumbai has rejected a plea by Purvi Modi, sister of fugitive diamantaire Nirav Modi, seeking permission to record her statement in the Punjab National Bank fraud case through video conferencing. Purvi, a Belgian national, has sought to become an approver in the case, and the CBI has said her statement must be recorded before her plea can be considered. She and her husband Maiank Mehta have already turned approvers in the related money laundering case being investigated by the Enforcement Directorate. The development comes as multiple proceedings in the long-running PNB fraud case continue.Read more

14 hours ago

Delhi International Airport Ltd (DIAL) is planning to raise INR 3,550 crore through a 15-year bond issue as part of a debt restructuring exercise. The proposed fundraising will primarily refinance the airport operator’s existing $522.6 million dollar-denominated notes due this year, along with associated transaction and hedging costs. The bonds are expected to carry a coupon of around 9.50%, subject to market conditions and investor demand. DIAL plans to finalise investors in August and is targeting a mid-October pay-in. The proposed structure will replace short-term dollar obligations with longer-term rupee funding and staggered repaymentsRead more

14 hours ago

Tata Group-owned Indian Hotels Company (IHCL) has created a new Select Service Business vertical bringing together four brands across mid-scale hotels, experiential leisure, premium homestays and food services. The vertical will include Ginger, Tree of Life, amã Stays & Trails and Qmin, with a combined network of more than 700 properties and outlets. The move follows the expansion of IHCL’s portfolio through ANK Hotels and Pride Hospitality. The company expects the new vertical to support faster expansion across hospitality segments and has set a target of more than 25 per cent enterprise revenue CAGR under its Accelerate 2030 plan.Read more

15 hours ago

The Brihanmumbai Municipal Corporation (BMC) will place a proposal before its Improvements Committee on August 12 for leasing the 23,822 sq m Century Mills plot in Lower Parel to Peddar Realty Ltd for redevelopment. Peddar Realty emerged as the highest bidder with an offer of INR 1,351 crore, marginally above the civic body’s INR 1,348 crore reserve price. The 30-year lease covers a site with existing mill-worker tenements and shops. The redevelopment is expected to provide rehabilitation housing to eligible former mill workers’ families, while the remaining development is intended to generate revenue for the civic body.Read more

15 hours ago

Fusion Finance reported a profit after tax of INR 62 crore in the first quarter of financial year 2026-27, compared with a loss of INR 92 crore in the year-ago quarter. The improvement was supported by higher net interest margins, lower credit costs and better asset quality. Core net interest income rose 6 per cent quarter-on-quarter to INR 236 crore, while disbursements increased 88 per cent year-on-year to INR 1,783 crore. The lender also reduced its gross NPA ratio to 2.51 per cent and maintained collection efficiency above 99.7 per cent during the quarter.Read more

16 hours ago

The Centre is set to introduce an AI-enabled smart streetlighting programme across Andhra Pradesh, with Energy Efficiency Services Limited (EESL) partnering with urban local bodies to deploy intelligent LED lighting systems. The initiative is planned across 123 urban local bodies in the state and will use technologies such as adaptive lighting, remote monitoring and data-driven controls to improve energy efficiency and streetlight management. The project is expected to bring automated lighting operations to a large urban network while reducing electricity consumption, maintenance requirements and associated costs.Read more

16 hours ago

Mumbai Police have sought documents after BJP MLA Mihir Kotecha complained that a road reserved under the Development Plan (DP) in Mulund West had allegedly been incorporated into a private residential project. The proposed road, connecting Off Park Road and the Tansa Pipeline area to LBS Marg, runs across survey plots 543, 544 and 547 in Nahur village. Kotecha has sought an investigation into the alleged encroachment and demanded that the missing road stretch be restored to the BMC’s T Ward for public use.Read more

17 hours ago

The Uttarakhand Cabinet has approved an MoU with Uttar Pradesh for extending the Ganga Expressway towards Haridwar, taking forward plans for a faster inter-state road connection. The proposed Meerut-Haridwar link is expected to reduce travel time between the two cities from around three hours to nearly 90 minutes. The extension is also expected to improve connectivity for pilgrims, tourists and commercial traffic moving between western Uttar Pradesh and Uttarakhand. The proposed route is expected to pass through areas including Amroha and Bijnor before reaching Haridwar.Read more

17 hours ago

Nearly 88% of buildings constructed in Nagpur city do not have mandatory Occupancy Certificates (OCs), prompting Union Minister Nitin Gadkari to set a four-month deadline for authorities to address the long-standing issue. Of 3,669 buildings identified, only 426 have obtained OCs, leaving 3,243 without the required certification. The absence of OCs has raised concerns over regulatory compliance and building safety. Authorities have been directed to examine pending cases, streamline approvals and take steps to bring eligible buildings into the formal certification system within the stipulated period.Read more

18 hours ago

Vietnam has started construction of what it describes as its largest and most advanced domestically made anti-submarine frigate, marking another step in its efforts to strengthen local defence manufacturing. The vessel is being built at the defence ministry’s Song Thu Shipyard in Danang City, with most of its weapons and military equipment expected to be developed or assembled within the country. The project involves Viettel and other defence research and manufacturing units working with the navy and shipyard. The move also comes as Vietnam seeks to reduce its dependence on imported military equipment, particularly from Russia.Read more

18 hours ago

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has asked 470 complainants to submit their bank account details and affidavits to facilitate the transfer of refunds ordered in their cases. The authority has appealed to the concerned complainants to provide the required information so that the refund process can be completed. The move is aimed at clearing pending refund transfers arising from RERA orders and ensuring that eligible amounts reach the beneficiaries. Complainants have been advised to submit accurate banking information and the required affidavit within the stipulated process.Read more

19 hours ago

Indore’s real estate market has shown signs of recovery, with property registrations rising 8.5% during the first four months of the current financial year compared with the corresponding period of the previous year. The increase follows a relatively sluggish performance in the preceding fiscal year and indicates renewed activity in the city’s property market. The rise in registrations has also contributed to higher government revenue from property transactions, with collections during the first quarter crossing INR 820 crore. The trend points to improving buyer sentiment and stronger transaction activity in Indore.Read more

19 hours ago

Simon Property Group has raised its full-year outlook for real estate funds from operations (FFO), supported by continued leasing demand and higher rents across its retail properties. The company expects annual real estate FFO of USD 13.20 to USD 13.30 per share, while its net income forecast has also been revised. Revenue in the latest quarter rose about 20% to USD 1.79 billion, exceeding market expectations. Occupancy remained at 96%, while base minimum rent per square foot increased 6.3%. However, quarterly FFO per share came in below analysts’ estimates.Read more

20 hours ago

The Maharashtra government has approved forest-land diversion linked to two Adani Group projects in the state, covering separate developments in Raigad and Nagpur. One approval concerns 0.6497 hectare of forest land required for infrastructure associated with Adani Cementation’s Raigad Cement Bulk Terminal in Alibag taluka, while another state government order records the diversion of 87.351 hectares for Adani Power Maharashtra’s Gondkhairi Underground Coal Mine in Nagpur. Both approvals are subject to conditions covering compensatory afforestation, statutory clearances, forest protection and compliance with environmental requirements.Read more

20 hours ago

The Uttar Pradesh government has introduced a four-month One-Time Settlement (OTS) scheme to help property owners clear pending house tax, water tax and sewerage tax dues without paying interest or surcharge. The scheme will be implemented across all 762 urban local bodies, covering 17 municipal corporations, 200 municipal councils and 545 nagar panchayats. It will cover outstanding dues up to April 1, 2026, for residential, commercial and mixed-use properties, with taxpayers allowed to pay the principal amount in up to three instalments.Read more

21 hours ago

Total Transport Systems Limited reported a strong financial performance for the first quarter of FY27, with consolidated revenue from operations rising 31.3% year-on-year to INR 193.6 crore. EBITDA increased 48.3% to INR 6.5 crore, while profit after tax rose 40.5% to INR 4.1 crore. Margins also improved during the quarter, supported by higher business activity across logistics services and tighter cost management. The company said its diversified service portfolio, customer relationships and asset-light business model continue to support its operations. It also remains focused on technology, productivity and service capability improvements.Read more

21 hours ago

Maharashtra has introduced new conditions for old buildings seeking new water, drainage and similar utility connections. Applicants will have to submit construction permits and valid structural stability certificates, while buildings will also need to provide for rainwater harvesting and solid waste or bio-sludge management systems. An engineer will examine the structural certificate, while a feasibility report will assess available space and any possible risk to the building or neighbouring structures. The procedure will apply across municipal corporations, municipalities and nagar panchayats and will operate within the state's existing development and planning regulations.Read more

22 hours ago

The Centre is expanding the Green Energy Corridor and Inter-State Transmission System to support the integration of more than 500 GW of non-fossil fuel capacity by 2030 and over 600 GW by 2032. The transmission network is being strengthened alongside renewable-energy additions, with 220 kV-and-above transmission capacity projected to reach 6.48 lakh circuit km by 2031-32. The Green Energy Corridor is being implemented in 10 states in two phases to evacuate 44 GW of renewable power, while battery storage, pumped-storage and hybrid projects are being planned to improve grid stability.Read more

22 hours ago

VinSpace, a subsidiary of Vietnamese conglomerate Vingroup, has signed a launch contract with SpaceX for its satellite missions, with the first launches planned for 2027. The satellites will be deployed through a SpaceX Transporter rideshare mission, allowing multiple customers to share the same launch. VinSpace is involved in satellite research, development, manufacturing and in-orbit operations. The company said the missions will support technology testing, satellite development, international cooperation and future commercial applications. Established with initial capital of INR equivalent to USD 11.4 million, VinSpace is part of Vingroup’s wider expansion into high-technology sectors.Read more

12 Aug 2026

Gurugram civic authorities have demolished more than 30 illegal buildings as part of a citywide enforcement drive against unauthorised construction and encroachments. The action targeted structures and properties found violating applicable development and building norms, with civic teams carrying out demolition and enforcement operations at multiple locations. The drive is aimed at curbing unauthorised construction and reclaiming spaces affected by encroachment. Authorities have indicated that enforcement will continue against properties found in violation, placing renewed focus on compliance with planning and construction regulations across Gurugram.Read more

12 Aug 2026

Waaree Renewable Technologies Ltd has received a Letter of Award for setting up a 124 MWp DC solar power project. The project will include a 124 MWp DC/88 MW AC solar photovoltaic plant and an associated 132/33 kV Pooling Substation. The company will handle the engineering, procurement, construction, installation, testing and commissioning of the solar plant as well as the associated balance-of-system infrastructure. The scope also covers civil works and the complete execution of the pooling substation. The solar generation assets will be spread across multiple project sites.Read more