24 minutes ago

Heavy rainfall accompanied by thunderstorms has disrupted transport services across Mumbai, delaying suburban trains, affecting long-distance rail operations and causing traffic congestion across several parts of the city. The intense monsoon spell has also led to Tulsi and Vihar lakes overflowing after receiving substantial inflows, improving Mumbai's drinking water reserves. Waterlogging in sections of the rail network and earlier landslides on the Mumbai–Pune corridor continued to affect connectivity, while the India Meteorological Department forecast further rainfall across the city and suburbs, prompting authorities to remain on alert.Read more

54 minutes ago

Swedish real estate company Eastnine reported a decline in its first-half profit from property management and net income, mainly due to higher vacancy levels at the beginning of the year and operational changes. Despite the weaker earnings, rental income remained stable, supported by growth in its comparable property portfolio. The company also announced the acquisition of a major office property in Warsaw for EUR 300 million, a transaction expected to strengthen its earnings and expand its presence in the Polish market once completed later this year.Read more

1 hour ago

Eight children were killed and five others injured after heavy monsoon rains triggered a landslide at a madrassa in a Rohingya refugee camp in Cox's Bazar, southeastern Bangladesh. The incident occurred in the past week after days of continuous rainfall caused mud and debris to engulf the religious school. Rescue teams recovered 13 children from the site, with eight succumbing to their injuries and the remaining five receiving treatment at hospitals within the refugee camps. The tragedy follows separate rain-induced landslides earlier in the week that claimed eight more lives in the camps. Authorities have continued relocating families from high-risk areas as forecasts indicate further rainfall, raising concerns over additional landslides and flash floods.Read more

Chennai News Desk

1 hour ago

Paying guest (PG) accommodation across Chennai and Tambaram has become significantly more expensive as operators raise rents and introduce separate food charges in response to rising commercial LPG prices, higher grocery costs and increasing operational expenses. Monthly rents have increased by up to 35%, affecting thousands of students and working professionals who rely on shared accommodation. PG operators say the hike is necessary to offset sustained increases in fuel, labour and maintenance costs, while residents have expressed concern over the growing cost of living and the affordability of budget housing in the city.Read more

2 hours ago

• Residents across several parts of Vasai-Virar staged road blockades after enduring over 40 hours without electricity, as heavy rainfall disrupted power supply, drinking water and communication services.
• Flooding left thousands stranded, with many localities facing severe waterlogging, disrupted rail and road connectivity, and shortages of essential supplies.
• Protesters demanded immediate restoration of electricity and questioned the preparedness of civic authorities and power utilities to handle recurring monsoon emergencies.
• Officials said restoration work was underway, but persistent flooding and submerged electrical infrastructure slowed repair operations.Read more

2 hours ago

The Nuvama and Cushman & Wakefield (NCW) PRIME Offices Fund has achieved its final close at INR 4,000 crore, marking one of India's largest domestic office-focused real estate funds. Backed by institutional and high-net-worth investors, the fund will invest in Grade A commercial office assets across key Indian cities, targeting value creation through acquisitions, development and asset management. The successful fundraise reflects sustained investor confidence in India's office real estate sector, driven by robust leasing demand, the expansion of Global Capability Centres (GCCs) and long-term growth prospects for premium commercial assets.Read more

3 hours ago

Norway's sovereign wealth fund has entered into a strategic partnership with US-based retail real estate investment firm Asana Partners, marking another major investment in the country's commercial property market. Under the agreement, the fund has acquired a 49% stake and committed USD 500 million in equity. The partnership will focus on investing in open-air shopping centres and street retail assets across the United States. The transaction reflects NBIM's continued strategy of expanding its global real estate portfolio through long-term partnerships with experienced local operators.Read more

3 hours ago

The Maharashtra government has said the first phase of the Dharavi Redevelopment Project is expected to deliver around 10,000 homes within the next 18 months, with rehabilitation of eligible residents remaining central to the initiative. Speaking in the State Legislative Assembly in the past week, Chief Minister Devendra Fadnavis described the project as an economic transformation programme extending beyond housing. Covering nearly 95 million sq ft of planned development, the redevelopment seeks to integrate housing, employment and commercial activity while retaining Dharavi's informal economy. The government also outlined wider urban renewal measures, including 19 cluster redevelopment projects across Mumbai, a target of constructing 7.8 lakh homes in the Mumbai Metropolitan Region by 2030, transport upgrades, parking infrastructure, healthcare expansion and digital governance initiatives.Read more

4 hours ago

Amazon Seller Services has leased more than 4.17 lakh sq ft of warehousing space in Bhiwandi, near Mumbai, under a long-term agreement valued at around INR 162 crore. The transaction underscores sustained demand for Grade A logistics assets in the Mumbai Metropolitan Region, driven by e-commerce expansion and supply chain optimisation. Industry experts say the deal highlights Bhiwandi's strategic importance as a warehousing hub, supported by strong connectivity, modern infrastructure, and its proximity to Mumbai's key consumption centres.Read more

4 hours ago

Real estate investment platform Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW) has achieved the final close of its PRIME Offices Fund at approximately INR 4,000 crore, exceeding its initial target of INR 3,000 crore following strong investor demand. The fund, launched to provide Indian investors with access to institutional-grade commercial office assets, has already committed around 45% of its capital across office properties in major cities. According to NCW, the fund has built a portfolio of nearly 4 million sq ft of premium office space since its launch. The company attributed investor interest to continued demand for high-quality office assets, supported by the expansion of Global Capability Centres (GCCs) and sustained growth in India's commercial real estate market.Read more

5 hours ago

The Enforcement Directorate (ED) has carried out searches at multiple locations across Delhi-NCR as part of a money laundering investigation linked to alleged fraud involving homebuyers under subvention schemes. The action, conducted in the past week, covered at least five premises associated with CHD Developers Ltd., Ninex Developers Ltd. and Manju J Homes (India) Ltd. The investigation stems from three FIRs registered by the Central Bureau of Investigation (CBI) in 2025 on the directions of the Supreme Court. Investigators have alleged that developers collected housing loan funds from buyers under 'no EMI till possession' schemes but failed to hand over flats over several years, while diverting the funds to other projects and purposes in violation of the Prevention of Money Laundering Act (PMLA).Read more

5 hours ago

Mumbai-based Lloyds Realty Developers Ltd has introduced a refreshed brand identity as part of its next phase of growth, supported by a project portfolio valued at over INR 23,500 crore and a planned development pipeline exceeding INR 10,000 crore across nine Mumbai micro-markets over the next eight years. The rebranding includes a new monochromatic visual identity and the adoption of the brand philosophy, "Building Soulful Spaces", replacing its earlier positioning. The company said the refreshed identity reflects its focus on premium developments while retaining its existing values and corporate legacy. Lloyds Realty has delivered more than 3 million sq ft of real estate and currently has approximately 14 million sq ft under development. The new branding will be implemented across customer, marketing and corporate touchpoints.Read more

6 hours ago

Besqab has completed sales at its Hertha residential development in Danderyd after selling the final apartment in the 76-unit project. The project, located at Invernesshöjden, was completed on schedule and marks another milestone for the Swedish residential developer. The apartments were designed with long-term letting rights, attracting a broader buyer base, including parents purchasing homes for future family use. The sell-out follows a series of project completions and launches by Besqab as the company continues to expand its residential portfolio across Sweden.Read more

6 hours ago

Economists at the country's largest lender, SBI, have recommended a comprehensive review of India's Priority Sector Lending (PSL) framework, arguing that infrastructure loans should be brought under the mandatory lending requirements or excluded from PSL calculations. The recommendations, outlined in a paper released in the past week, cite a sharp rise in trading of Priority Sector Lending Certificates (PSLCs), which reached INR 12.2 lakh crore in FY25 from INR 1.8 lakh crore in FY18, indicating structural challenges in meeting PSL obligations. The paper also proposes higher PSL limits for housing, education and renewable energy loans to reflect rising costs and investment requirements. The suggestions are aimed at improving credit allocation while supporting the country's long-term infrastructure and development priorities.Read more

7 hours ago

Punjab & Sind Bank has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) at GIFT City in Gandhinagar, strengthening its international banking presence. The upcoming unit will offer offshore banking services, including foreign currency banking and trade finance, to corporates, financial institutions, importers and global investors. The move aligns with the government's efforts to position GIFT IFSC as a global financial hub while enabling the bank to expand its international business and cross-border banking operations.Read more

7 hours ago

• Tamil Nadu will make its 'Anywhere Registration' facility mandatory for the first sale of plots and flats by builders and developers from August 17, eliminating the need to visit sub-registrar offices.
• The digital system will allow end-to-end online registration, including document upload, Aadhaar-based biometric verification, fee payment and issuance of registered documents.
• The initiative aims to reduce footfall at registration offices, speed up property transactions and improve transparency in the registration process.
• Authorities expect the platform to streamline registrations while improving service delivery and balancing workloads across sub-registrar offices.Read more

8 hours ago

Vistry, the UK's largest affordable housing builder, expects to post a pre-tax loss of GBP 30 million (USD 40.06 million) for the first half of FY2026 as it continues to deal with weak housing demand and a slower construction pace. The company also announced that Chief Financial Officer Tim Lawlor will leave later this year to join a privately owned business in another sector. Despite the expected first-half loss, Vistry has maintained its full-year adjusted profit guidance of GBP 200 million, in line with market expectations, while continuing a strategic review under its new CEO.Read more

8 hours ago

The Central Bureau of Investigation (CBI) has filed its first chargesheet in the alleged Reliance Commercial Finance Limited (RCFL) bank fraud case, accusing five former senior executives of criminal conspiracy and cheating in connection with the diversion of borrowed funds. The chargesheet, submitted before a special court in Mumbai in the past week, also names Reliance Infrastructure Ltd and Reliance Home Finance Limited (RHFL) as accused entities. According to the CBI, the alleged diversion of funds caused a wrongful loss of INR 4,097 crore to a consortium of 13 public sector banks. The agency stated that the investigation remains ongoing into the roles of additional directors, entities and public servants, with supplementary chargesheets expected as the probe into the wider financial transactions continues.Read more

9 hours ago

The Gujarat government has begun work on a comprehensive electric vehicle (EV) charging station policy to strengthen charging infrastructure and support the state's transition towards cleaner mobility. The proposal was discussed during a state cabinet meeting, where Chief Minister Bhupendra Patel directed officials to prepare the policy. The initiative aims to improve the availability of EV charging stations, promote the use of electric vehicles, and encourage the adoption of green energy. It is expected to complement Gujarat's ongoing efforts to expand sustainable transport infrastructure.Read more

9 hours ago

InCred Alternative Investments has led an INR 230 crore funding round in Adage Automation, with its private equity platform contributing INR 180 crore. The investment also saw participation from Global South Capital and Prachetas Capital. The fresh capital will be used to strengthen the company's AI-driven industrial technologies, engineering capabilities, manufacturing capacity and international operations. Adage Automation also plans to expand its presence across key global markets while enhancing digital solutions that improve efficiency, predictive maintenance, regulatory compliance and sustainability for process industries.Read more

10 hours ago

The Pune Metropolitan Region Development Authority (PMRDA) will prepare a structural development plan to guide the Pune Metropolitan Region's growth over the next two decades, with a focus on infrastructure, transport and decentralised economic development. Speaking at the PROP CONNECT 2026 real estate conference in the past week, PMRDA Commissioner Dr Abhijit Chaudhari said the draft plan would be prepared shortly and finalised within 18 months. The proposed roadmap includes the development of 18 Growth Centres under initiatives of NITI Aayog and the Maharashtra government, alongside major transport projects such as Metro Line 3, the regional ring road and the proposed international airport. PMRDA said the strategy will initially prioritise infrastructure planning before land-use zoning, while supporting balanced urban expansion, employment generation and improved regional connectivity.Read more

10 hours ago

Every weekend, thousands of Mumbai residents hit the highway in search of a quick escape. Their eyes are fixed on famous destinations, their playlists are queued up, and their GPS is set to the usual suspects. But somewhere along these routes lie riverside towns that rarely make it onto travel itineraries. These are places where rivers still dictate the pace of life, where old bridges have witnessed generations pass by, and where the beauty isn't advertised on billboards. Here are nine such riverside towns that most tourists drive past often without knowing the stories they hold.Read more

10 hours ago

Indonesia's sovereign wealth fund Danantara has started construction of its first waste-to-energy plant in Bali, marking a key step in its clean energy and waste management plans. The facility will process 1,500 metric tons of waste every day and is expected to attract an investment of around IDR 3 trillion (USD 166.62 million). The project is scheduled to begin operations in the first half of 2028 and forms part of Danantara's broader plan to develop similar facilities in 33 cities across Indonesia to address growing waste management challenges.Read more

11 hours ago

The Himachal Pradesh government has inaugurated a 33/11 kV power substation at Patlander in the Sujanpur Legislative Assembly Constituency of Hamirpur district, developed at a cost of INR 7.54 crore. Chief Minister Sukhvinder Singh Sukhu virtually inaugurated the facility in the past week, stating that it has been supported by a 7.2-km 33 kV HTSC transmission line connecting Chabutra and Ansla. The project is expected to provide a more reliable electricity supply to around 14,000 residents across 16 Gram Panchayats, including Patlander, Rangar and Chauri. The government said the infrastructure will address rising electricity demand while reducing transmission losses through shorter power lines and interconnected feeders.Read more

11 hours ago

• The Chandigarh Estate Office more than doubled its revenue recovery in FY 2025-26, collecting INR 335.05 crore, compared to INR 164.5 crore in the previous financial year.
• The increase was driven by stricter recovery of pending dues, improved enforcement and faster disposal of property-related cases.
• Collections also received a boost from property auctions, conversion charges and other estate-related receipts as the administration intensified efforts to improve revenue generation.
• Officials plan to continue the recovery drive and expand the use of digital systems to improve efficiency in property administration and revenue collection.Read more

11 hours ago

The Punjab and Haryana High Court has directed Oberoi Realty not to make any fresh allotments or create third-party rights in its Three Sixty North residential project in Gurugram until the Haryana Department of Town and Country Planning (DTCP) decides a complaint challenging the project's licence. The complaint, filed by Advance India Projects Ltd (AIPL), alleges violations of foreign direct investment (FDI) norms and provisions of the Haryana Development and Regulation of Urban Areas Act, 1975. The court has instructed the DTCP director to dispose of the complaint, currently listed for hearing on July 20, within the prescribed timeframe. Oberoi Realty has clarified that the order does not affect existing sales or construction activity and believes it will not materially impact its business operationsRead more

12 hours ago

MasTec has announced plans to acquire electrical contractor Superior Group in a USD 1.65 billion cash-and-stock deal to expand its presence in the rapidly growing data centre infrastructure market. The acquisition will strengthen MasTec's electrical systems capabilities as demand for AI-driven digital infrastructure continues to rise. The company expects the transaction to boost both revenue and profitability, with Superior projected to contribute significantly to financial performance during the remainder of 2026. The deal is expected to close by mid- to late-July, subject to customary closing conditions.Read more

12 hours ago

Uttar Pradesh Chief Minister Shri Yogi Adityanath has approved infrastructure projects worth INR 9,668 crore for Prayagraj to strengthen the city's transport network, civic amenities and public infrastructure. The projects, covering roads, bridges, flyovers, drainage systems and water supply, form part of the state's broader development strategy for the Prayagraj division. By focusing on improved urban connectivity and essential civic services, the government aims to support future population growth, attract investment and enhance the quality of life, while reinforcing Prayagraj's role as a key economic and administrative centre in Uttar Pradesh.Read more

13 hours ago

• The long-running dispute between the Telangana government and the State Bank of India (SBI) over premium land in Hyderabad's Raidurg area has moved towards resolution through an agreement on alternate land allotment.
• Instead of the originally auctioned parcel, SBI will receive alternative plots identified by the state government, paving the way for the withdrawal of legal proceedings.
• The settlement is expected to remove uncertainty surrounding the high-value property, restore investor confidence and facilitate future development in one of Hyderabad's key commercial districts.
• Officials believe the agreement marks a pragmatic solution after years of litigation over ownership and auction rights.Read more

13 hours ago

GMR Airports Ltd has announced a phased modernisation and expansion plan for Dr Babasaheb Ambedkar International Airport in Nagpur, beginning with an initial investment of INR 300 crore. The project aims to improve passenger facilities, expand airport infrastructure and increase annual passenger handling capacity from 3 million to 30 million during the concession period. The roadmap also includes the development of a cargo hub, Aerocity project, a new passenger terminal, second runway and other long-term infrastructure to strengthen Nagpur's position as a key aviation and logistics centre in central India.Read more

Mumbai News Desk

14 hours ago

• A luxury sea-facing apartment at Palais Royale in Worli has been sold for INR 162.2 crore, making it one of Mumbai's highest-value residential transactions this year.
• The transaction involved a premium apartment spanning over 13,000 sq ft, reflecting sustained demand for ultra-luxury homes in South Mumbai.
• The deal translates to a per sq ft price exceeding INR 1 lakh, underscoring the continued strength of Mumbai's high-end residential market.
• Industry experts believe such marquee transactions highlight strong buyer confidence in prime waterfront properties despite broader market fluctuations.Read more

14 hours ago

Karnataka Rural Development and Panchayat Raj Minister Shri Eshwar Khandre has dismissed allegations by Union Minister Shri H D Kumaraswamy that the state Forest Department encroached on HMT land in Bengaluru to facilitate real estate development. Shri Khandre maintained that HMT itself had encroached on non-diversified forest land and sold roughly 165 acres for INR 300 crore. He said eviction orders already issued rule out further commercial use, and reiterated plans for a 444-acre biodiversity park larger than Lalbagh and Cubbon Park combined.Read more

15 hours ago

Tata Power has unveiled an ambitious growth roadmap, targeting annual revenue of INR 1 lakh crore and net profit of INR 10,000 crore by 2030. Announcing the plans at the company's Annual General Meeting (AGM), Chairman Natarajan Chandrasekaran outlined expansion across renewable energy, power generation, transmission, distribution, manufacturing and customer-centric energy solutions. The company also plans to establish a new 10 GW solar manufacturing facility in Odisha while exploring opportunities in nuclear energy, including small modular reactors (SMRs), as part of its long-term strategy to support India's clean energy transition.Read more

15 hours ago

The Centre has approved nine urban infrastructure projects worth INR 427 crore for Buxar under the Urban Challenge Fund, marking a significant boost to the city's planned urban transformation. The projects focus on improving civic infrastructure, public amenities and urban mobility while supporting Buxar's long-term development objectives. Planned interventions include riverfront development, road upgrades, public spaces and other essential urban facilities aimed at enhancing liveability and attracting investment. The approvals are expected to strengthen the city's infrastructure, promote sustainable urban growth and improve the quality of life for residents.Read more

16 hours ago

• Planned as Chennai's second international airport, the proposed Parandur Greenfield Airport is expected to expand the city's aviation capacity and support long-term economic and industrial growth.
• Despite the project's strategic importance, residents of Ekanapuram and nearby villages have continued to oppose it, citing concerns over land acquisition, displacement, loss of fertile farmland and the impact on local water resources.
• The Tamil Nadu government has initiated land acquisition and announced compensation and rehabilitation measures, while maintaining that the airport is critical to meeting the region's future connectivity needs.
• As the protest stretches beyond 1,000 days, the project has become a prominent example of the challenges involved in balancing infrastructure development with environmental sustainability and community interests.Read more

Mumbai News Desk

16 hours ago

More than 2,200 sewer manholes across Mumbai remain without protective grills despite the Brihanmumbai Municipal Corporation's monsoon preparedness deadline having passed. The disclosure comes days after a fatal manhole accident in Saki Naka and amid scrutiny from the Bombay High Court over civic safety measures. The pending installations, delayed by road concreting works and logistical constraints, have raised concerns over urban infrastructure maintenance, public safety and the city's preparedness during the ongoing monsoon. The BMC has now set July 26 as the revised completion deadline.Read more

17 hours ago

The Belagavi City Corporation (BCC) has intensified its campaign against single-use plastics as part of its broader mission to make the city waste-free and environmentally sustainable. The initiative combines stricter enforcement with awareness programmes and stakeholder engagement, encouraging hotels, restaurants, retailers and other commercial establishments to switch to biodegradable packaging alternatives. By reducing plastic waste at its source and promoting responsible disposal practices, the civic body aims to improve urban sanitation, protect the environment and strengthen Belagavi's solid waste management system through greater public and business participation.Read more

17 hours ago

Swedish real estate company Wallenstam reported higher profit for the first half of the year, supported by gains in the value of its investment properties despite flat rental income. The company maintained a strong occupancy rate of 97% and achieved a 91% commercial lease renewal rate, reflecting stable tenant demand. Wallenstam also increased investments in new construction and reconstruction projects while maintaining a strong financial position. The company said it expects continued progress across its property portfolio and development projects during the remainder of the year.Read more

18 hours ago

The Delhi Traffic Police has launched a month-long road safety campaign to promote responsible driving behaviour and reduce road accidents across the national capital. The initiative will focus on public awareness, stricter enforcement of traffic regulations and community engagement through educational programmes, street plays and outreach activities. Authorities will collaborate with schools, colleges, resident welfare associations and civil society organisations to encourage adherence to traffic rules. The campaign is part of the police's broader efforts to improve road safety, enhance public participation and foster a culture of responsible road use in Delhi.Read more

Delhi News Desk

18 hours ago

Delhi-NCR recorded its highest-ever quarterly flex office leasing in Q2 2026, with flexible workspace operators accounting for 45% of the 3.6 million sq ft of gross office leasing, according to CBRE. The surge was driven by rising demand from global capability centres (GCCs), technology firms and enterprise occupiers seeking scalable workspaces. Strong absorption, a growing supply pipeline and increasing preference for managed offices reinforced Delhi-NCR's position as India's leading flex office market during the quarter, signalling sustained momentum in commercial real estate.Read more

19 hours ago

India and Indonesia have reaffirmed their Comprehensive Strategic Partnership during Prime Minister Narendra Modi's state visit to Jakarta, announcing a broad roadmap to deepen cooperation across defence, maritime security, trade, critical minerals, digital connectivity and infrastructure. The two countries agreed to strengthen economic engagement, enhance connectivity through port and air links, expand collaboration in strategic sectors and promote regional stability. Several agreements were exchanged during the visit, reflecting the shared commitment to advancing bilateral ties and supporting sustainable economic growth.Read more

19 hours ago

Chongqing Construction Engineering Group has announced that one of its subsidiaries, as part of a consortium, has secured a construction project valued at approximately CNY 1.1 billion (around USD 161.86 million). The latest contract adds to the company's order book and reflects its continued participation in large-scale infrastructure and construction projects in China. The company has regularly won major engineering contracts through its subsidiaries and consortium partnerships, supporting its execution pipeline and strengthening its presence in the country's construction sector.Read more

20 hours ago

The Amaravati Growth Infrastructure Corporation Ltd (AGICL) has invited bids for the construction of the official residence of the Chief Justice in Amaravati at an estimated cost of nearly INR 14 crore. The project forms part of the Andhra Pradesh government's ongoing capital city development programme and includes a two-storey residential bungalow with associated services and landscaping. The tender adds to the pipeline of judicial and administrative infrastructure projects currently under execution in Amaravati, supporting the phased development of the state's institutional and governance precinct.Read more

Mumbai News Desk

20 hours ago

• Heavy monsoon rains and strong winds disrupted operations at Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA), leading to the cancellation of 17 flights and delays affecting more than 200 services.
• The India Meteorological Department (IMD) issued a Red Alert for Mumbai and surrounding districts, warning of extremely heavy rainfall, strong winds and the possibility of flooding and transport disruptions.
• Airlines, including IndiGo, Air India, Akasa Air and SpiceJet, issued travel advisories urging passengers to check flight schedules before heading to the airport, while authorities monitored operations closely.
• Despite the disruptions, airport authorities continued operations with precautionary measures, while emergency agencies remained on high alert as forecasts indicated continued heavy rainfall across the Mumbai Metropolitan Region.Read more

21 hours ago

Swiss healthcare real estate company Infracore has announced a market capitalisation of CHF 826 million (around USD 1 billion) ahead of its stock market debut in Zurich. The valuation is based on a fixed offer price of CHF 54 per share, with about 27.5% of the company's shares available for public trading. The listing marks a key milestone for Infracore as it enters the public market, while maintaining a majority of its shares with existing shareholders. The company operates in Switzerland's healthcare real estate sector.Read more

21 hours ago

India marked another milestone in its semiconductor journey with the inauguration of CG Semi’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. Addressing the event, Prime Minister Narendra Modi said the country is steadily building a complete semiconductor ecosystem that spans chip design, fabrication, packaging and advanced manufacturing. He highlighted the sector’s potential to create employment across research, engineering, manufacturing and supply chains, while emphasising skill development, innovation and ease of doing business. The facility forms part of India’s broader push to strengthen technological self-reliance and expand its role in the global semiconductor value chain.Read more

22 hours ago

Frasers Property has announced plans to divest five assets in Australia through a proposed transaction valued at AUD 288.6 million (SGD 258.4 million). The move forms part of the company's ongoing portfolio management strategy as it continues to optimise its asset base and recycle capital. Frasers Property has regularly undertaken similar transactions across its global markets to strengthen its balance sheet and support future investments. The company has not disclosed additional details on the assets involved or the prospective buyer in its initial announcement.Read more

09 Jul 2026

Yuexiu Property has announced that one of its subsidiaries will acquire a 70.3% effective interest in Hangzhou Binfeng Real Estate Development as part of its ongoing expansion strategy. The total consideration for the transaction includes an equity payment of RMB 363.6 million along with other components. The acquisition is expected to strengthen the company's presence in Hangzhou, one of China's key property markets. Yuexiu Property has continued to pursue selective investments in high-potential projects while maintaining its focus on expanding its development portfolio.Read more

09 Jul 2026

India is preparing to expand its semiconductor incentive framework under the proposed Semicon 2.0 programme, moving beyond support for fabrication units to encourage investments across the broader semiconductor value chain. Recommendations in the national roadmap call for stronger backing for advanced packaging, compound semiconductors, critical materials, research infrastructure, talent development and strategic partnerships. The proposed framework also outlines new financing mechanisms, manufacturing clusters and export support aimed at strengthening India's long-term position in the global semiconductor industry while reducing dependence on imports.Read more

09 Jul 2026

Madhya Pradesh, Gujarat, Rajasthan and Maharashtra signed a one-time settlement agreement in New Delhi resolving decades-old payment and cost-sharing issues linked to the Narmada Award and the Sardar Sarovar Project. The pact was signed in the presence of Union Home Minister Shri Amit Shah and Union Jal Shakti Minister Shri C R Patil, along with the chief ministers of all four states. The agreement addresses outstanding compensation and rehabilitation-related dues tied to submergence and land acquisition under the project.Read more