7 minutes ago

Columbia Threadneedle Investments and Patrizia have agreed to merge their UK property funds, creating a combined portfolio worth around GBP 1.5 billion (USD 2 billion). The merger follows shareholder approval from Patrizia Hanover Property Unit Trust after a strategic review and reflects a broader trend of consolidation across the UK real estate investment market. With borrowing costs remaining elevated and investment activity becoming more selective, fund managers are seeking larger, more diversified portfolios to improve resilience and operational efficiency while offering investors broader exposure across multiple property sectors.Read more

7 minutes ago

Indian Railways has approved a INR 135 crore project to construct a 4.59-km rail flyover between Bondamunda 'A' Cabin and Bondamunda Link 'B' Cabin under the South Eastern Railway to decongest the busy Rourkela-Bondamunda section. The flyover will separate freight and passenger train operations, reducing crossing conflicts, improving operational efficiency and enhancing network capacity on the industrial corridor. Once commissioned, the project is expected to enable the movement of an additional 8 million tonnes per annum (MTPA) of freight, supporting growing mining and steel production in the region.Read more

37 minutes ago

China’s resale housing market weakened further in June, with average resale home prices across 100 cities recording a steeper monthly decline than in the previous month, according to data from the China Index Academy. The continued fall reflects weak buyer confidence and the prolonged downturn in the country’s property sector. While new home prices remained stable with modest monthly growth, analysts expect authorities to continue introducing measures to support both housing demand and supply as new home sales are likely to remain under pressure in the near term.Read more

1 hour ago

French shipping and logistics group CMA CGM has agreed to acquire FedEx Supply Chain, the third-party logistics arm of FedEx, for an enterprise value of USD 1.4 billion, marking a significant expansion of its contract logistics operations in North America. The acquisition, announced during the past week, will be executed through CMA CGM subsidiary CEVA Logistics and is expected to close later this year, subject to regulatory approvals. The transaction will add approximately 150 warehouses and 20,000 employees to CEVA's North American network while strengthening CMA CGM's presence in the US logistics market. Alongside the acquisition, the two companies intend to establish long-term commercial partnerships covering ocean freight and air cargo, as FedEx continues to streamline its portfolio and concentrate on its core parcel delivery operations.Read more

1 hour ago

Max Estates Ltd reported a sharp rise in sales bookings during the first quarter of FY27, driven by robust demand for its residential projects across Delhi-NCR. The company achieved sales bookings of INR 1,100 crore, nearly five times higher than the corresponding period last year. The growth was supported by strong buyer response to newly launched and under-construction projects, including a new development in Gurugram. The developer also plans multiple project launches and land acquisitions during the current financial year as it looks to expand its residential portfolio.Read more

2 hours ago

Jaipur Development Authority (JDA) has initiated the process of preparing a Detailed Project Report (DPR) for a proposed elevated corridor along the Dravyavati River to improve urban mobility and ease traffic congestion in the city. The consultancy assignment will assess the project's engineering feasibility while incorporating environmental, hydraulic and road safety considerations into the design. The proposed corridor is expected to provide faster east-west connectivity and complement Jaipur's expanding transport infrastructure. The DPR will serve as the foundation for technical planning, cost estimation and future execution of the strategically important road project.Read more

2 hours ago

Marathon Nextgen Realty has signed a redevelopment agreement for a project in Versova, Mumbai, with an estimated gross development value (GDV) of more than INR 4.50 billion. The project adds to the company's redevelopment portfolio in Mumbai, where developers are increasingly focusing on redevelopment opportunities due to limited availability of vacant land. The announcement comes after Marathon expanded its project pipeline through acquisitions and partnerships in recent months. The proposed development is expected to strengthen the company's presence in Mumbai's western suburbs, subject to the necessary statutory approvals.Read more

3 hours ago

Bidaya Finance has signed a real estate financing portfolio purchase agreement with the Saudi Real Estate Refinance Company (SRC) in a deal valued at SAR 335.3 million. The company expects the transaction to positively impact its financial results for the second quarter of 2026. Funds generated from the sale will be used to support Bidaya Finance's business operations and future lending activities. The agreement reflects the company's ongoing efforts to strengthen liquidity while supporting the growth of Saudi Arabia's housing finance market.Read more

3 hours ago

Tripura Chief Minister Shri Manik Saha reviewed the progress of National Highway development projects with Union Road Transport and Highways Minister Nitin Gadkari in New Delhi, focusing on accelerating ongoing works, improving road maintenance and strengthening connectivity across the state. During the meeting, the Centre approved the alignment for the Churaibari–Champaknagar four-laning project, a key initiative expected to enhance regional connectivity and facilitate smoother movement of passengers and freight. Saha also highlighted that Tripura's National Highway network has expanded from 198 km in 2014 to around 923 km in 2026, reflecting significant investments in the state's road infrastructure.Read more

4 hours ago

Tata Power plans to expand its public EV charging network to 10,000 charging points by 2030, reinforcing its long-term commitment to accelerating electric mobility across India. The company currently operates over 5,500 public and captive charging points, more than 1.4 lakh home chargers and 1,200-plus bus charging points across 630-plus cities and towns. As part of its roadmap, Tata Power also aims to scale its home charging infrastructure to 7.5 lakh chargers while expanding charging access across highways, airports, residential communities, commercial hubs and tourist destinations. The expansion strategy comes as the company inaugurated India's largest TATA.ev MegaCharger Hub in Mumbai, highlighting its focus on strengthening the country's EV charging ecosystem and supporting the growing adoption of electric vehicles.Read more

4 hours ago

Adani Enterprises has launched a Qualified Institutional Placement (QIP) to raise at least INR 10,000 crore, with an option to increase the issue size depending on investor demand. The company has fixed the floor price at INR 3,034.68 per equity share, while retaining the flexibility to offer a discount of up to 5% in accordance with SEBI regulations. The fundraising follows the company's INR 25,000 crore rights issue completed earlier this year and forms part of its broader capital expenditure programme across airports, data centres, green energy and new businesses.Read more

5 hours ago

The Telangana High Court has declined to grant an interim stay on the sale of disputed land in Hyderabad's Kukatpally area, allowing property transactions to continue while the legal proceedings remain pending. The dispute involves ownership claims over nearly 400 acres of land, with petitioners alleging illegal transactions. The court directed the parties to complete pleadings before further hearings, indicating that the merits of the ownership dispute will be examined during the course of the case.Read more

5 hours ago

• Realty developer Signature Global is evaluating an entry into the senior living housing segment as part of its long-term growth strategy and portfolio diversification.
• The company said it is studying the segment's demand dynamics and business potential before taking an investment decision, while continuing to focus on its core residential business.
• India's senior living market is witnessing growing interest from developers, driven by changing demographics, rising life expectancy and increasing demand for professionally managed retirement communities.
• Signature Global is also expanding into new real estate segments, including commercial developments, as it seeks to build a diversified and sustainable business portfolio.Read more

6 hours ago

Red Sea International has completed all procedures related to its long-term land lease in Al-Madinah after receiving the site from the Al-Madinah Region Municipality. The company said the investment contract is now fully approved, allowing it to move ahead with the planned mixed-use development. The project carries a total lease value of SAR 161.9 million over a 50-year period and includes the construction, operation, and maintenance of the development. The investment aligns with Saudi Arabia's continued focus on urban development and mixed-use projects under its broader economic diversification plans.Read more

Priyanka Vig

6 hours ago

Mumbai is a city where more than half of all daily journeys are made on foot, yet safe footpaths remain the exception rather than the norm. Across much of the city, pavements are missing, too narrow, encroached upon, or damaged, forcing pedestrians to walk alongside moving traffic. Although the Supreme Court has recognised access to safe and accessible footpaths as a fundamental right and BMC has introduced new policies and funding to improve pedestrian infrastructure, progress on the ground remains slow. While a few parts of South Mumbai and select suburban corridors have seen improvements, large sections of the city particularly the eastern suburbs and low-income neighbourhoods continue to lack basic walking infrastructure. The result is a city that depends on walking every day but has yet to make pedestrians a genuine priority in its urban planning.Read more

7 hours ago

IRB Infrastructure Trust has signed definitive agreements to transfer two operational Build-Operate-Transfer (BOT) highway assets to the IRB Infrastructure Trust Public InvIT in a transaction valued at INR 4,605 crore. The deal marks another step in IRB's asset monetisation strategy, allowing the company to unlock capital from mature road projects while recycling funds into future infrastructure investments. The transaction also strengthens the InvIT platform by adding revenue-generating highway assets with established toll collections and long-term operational potential.Read more

7 hours ago

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has introduced graded penalties for misleading and non-compliant real estate advertisements, with fines of up to INR 5 lakh. The new circular mandates developers and promoters to include mandatory project details, including the RERA registration number, in all advertisements. The move aims to improve transparency, ensure compliance with the Real Estate (Regulation and Development) Act, 2016, and help homebuyers access accurate project information before making purchase decisions.Read more

8 hours ago

Barclays’ acquisition of its London headquarters for GBP 750 million has become Europe’s largest office transaction in nearly four years, bringing renewed attention to London's Canary Wharf office market. The deal comes after more than two years without any major office sales in the district and reflects improving leasing activity supported by companies bringing employees back to offices. While the transaction has raised hopes of stronger investment activity, investors remain cautious due to high borrowing costs, political uncertainty, and the unique structure of the Barclays deal, which may not represent broader market conditions.Read more

8 hours ago

The Uttar Pradesh government has launched the Digi Rover Special Land Measurement Campaign to improve the accuracy of land surveys and boundary demarcation across the state. Using Global Navigation Satellite System (GNSS)-based Digi Rover technology, the initiative aims to reduce land disputes, improve revenue administration and ensure precise property records. The campaign is expected to accelerate land measurement, strengthen transparency in land management and support faster resolution of ownership and boundary-related issues.Read more

9 hours ago

Suzlon has secured a 105 MW wind energy order from Sunsure Energy, marking the first commercial deployment of its newly launched S175 5.0 MW wind turbine. The project will involve the supply, installation, commissioning and maintenance of 21 S175 wind turbine generators in Bijapur, Karnataka. The latest contract, awarded within two weeks of the turbine's launch, also strengthens the long-standing partnership between the two companies, taking their cumulative order book to 400.8 MW in less than 14 months. Suzlon said the S175 is India's tallest and most powerful wind turbine, designed to improve energy generation and expand the viability of wind projects across new locations.Read more

9 hours ago

State-owned National Buildings Construction Corporation (NBCC) has signed a memorandum of understanding (MoU) with the Government of Andhra Pradesh to develop a new Andhra Pradesh Bhavan in New Delhi at an estimated cost of INR 105.5 crore. The project, which will be executed on a turnkey deposit work basis, involves the planning, design and construction of a building with a total built-up area of nearly 2.5 lakh sq ft. Excluding GST and project management consultancy (PMC) charges, the development will be undertaken by NBCC as the designated executing agency, which will oversee the project from planning through to completion.Read more

9 hours ago

The Union Cabinet has approved the construction of an 8.1-km, six-lane tunnel connecting the Dwarka Expressway with Nelson Mandela Marg at Vasant Kunj in Delhi at an estimated cost of INR 6,969.67 crore. To be developed by the National Highways Authority of India (NHAI) under the Hybrid Annuity Model (HAM), the project is expected to be completed within five years. The corridor includes a 1.98-km underground section beneath the Southern Ridge Forest, twin-tube tunnels built using tunnel boring machines, an elevated road along Nelson Mandela Marg and additional flyover infrastructure. The project is intended to improve connectivity between West and South Delhi while easing traffic from Gurugram, Dwarka, IGI Airport and surrounding areas.Read more

10 hours ago

• Some of India's most fascinating destinations became famous not because of tourism campaigns, but due to strange events, natural phenomena, and unexpected stories.
• From ghost towns and mysterious villages to meteorite craters and submerged churches, these places gained popularity through coincidence rather than planning.
• Social media, folklore, science, and history have all played a role in turning these lesser-known locations into attractions.
• Their unusual backstories continue to draw curious travellers looking for experiences beyond India's conventional tourist circuit.Read more

10 hours ago

Australia’s housing market recorded its steepest monthly decline in more than three years as higher borrowing costs, affordability pressures and changes to property taxation weakened buyer demand. Home prices fell across major cities, particularly Sydney and Melbourne, while mortgage demand, auction clearance rates and housing turnover also declined. Despite the recent correction, home values remain above year-ago levels following a strong multi-year rally. The slowdown is expected to have broader implications for Australia’s economy, with the Reserve Bank closely monitoring risks to consumption and housing activity.Read more

10 hours ago

• The Gorakhpur Development Authority (GDA) will develop a INR 18 crore 'Modern Road' between Champa Devi Park and Taramandal, creating a model corridor showcasing next-generation urban infrastructure.
• The project will integrate smart utilities, including underground power cables, stormwater drainage, utility ducts, pedestrian-friendly pathways, landscaping and modern street lighting to improve mobility and aesthetics.
• Conceived as a pilot initiative, the road is expected to set new benchmarks for urban road planning and serve as a template for future infrastructure projects across Uttar Pradesh.
• The initiative aligns with the state government's focus on building sustainable, technology-enabled and citizen-centric urban infrastructure while enhancing Gorakhpur's overall connectivity and public spaces.Read more

11 hours ago

Real estate research firm Liases Foras has introduced the Alpha Grade Luxury Asset Framework, a methodology intended to assess investment-grade luxury residential developments across India. As part of the study, the firm evaluated emerging luxury housing markets in Nagpur, Indore, Coimbatore, Ahmedabad and Lucknow, identifying Nagpur as the leading emerging luxury investment destination based on its assessment criteria. The report attributes the city's outlook to ongoing infrastructure projects, relatively low luxury housing supply and anticipated demand growth. It also identifies South Nagpur as the city's strongest-performing luxury corridor while outlining five factors that, according to the framework, contribute to long-term value creation in the luxury residential segment.Read more

11 hours ago

Indian Hotels Company Limited (IHCL) has entered into a strategic partnership with Italian hospitality group Starhotels to expand the reach of its Taj InnerCircle–NeuPass loyalty programme across Europe. The collaboration enables members of both loyalty programmes to access reciprocal benefits at participating properties within IHCL's global portfolio and Starhotels' network. The partnership covers multiple IHCL brands, including Taj, SeleQtions, Vivanta and Gateway, alongside Starhotels Collezione and Starhotels Premium hotels. IHCL said the initiative comes amid rising travel demand between India and Europe and is intended to enhance customer engagement by extending loyalty benefits across a broader international hospitality network.Read more

12 hours ago

Hatten Land Ltd has moved ahead with its proposed acquisition of Metrocon Pte by submitting a circular to the Singapore Exchange (SGX-ST). Alongside the acquisition, the company has proposed a compliance placement of up to 25 million new shares at a minimum price of SGD 0.20 per share and has applied to list up to 178.87 million shares on the SGX-ST. The proposed transaction forms part of Hatten Land's ongoing corporate restructuring efforts as it seeks to meet regulatory requirements and strengthen its business operations.Read more

Gurugram News Desk

12 hours ago

The Haryana government has proposed a 35-km metro corridor with 28 stations connecting Sector 56 to Pachgaon to improve connectivity across Gurugram's rapidly expanding residential, commercial and industrial areas. The corridor will feature interchanges with the Rapid Metro, Namo Bharat Regional Rapid Transit System (RRTS) and a station serving the planned Global City in Sector 36A. The Detailed Project Report (DPR) has been completed and is under review by the state government. Once approved, the project is expected to reduce road congestion, improve public transport accessibility and support Gurugram's long-term urban expansion.Read more

Delhi News Desk

13 hours ago

The Central government has revived eviction proceedings against the Delhi Gymkhana Club by issuing a fresh show-cause notice under the Public Premises (Eviction of Unauthorised Occupants) Act. The club has been asked to explain why it should not be evicted from the prime government-owned property by July 7. The latest action follows earlier proceedings that were withdrawn on technical grounds, signalling the government's renewed effort to resolve the long-running dispute over the club's continued occupation of public land in the national capital.Read more

13 hours ago

The Punjab government has commenced construction of a new road over bridge (ROB) in Dhuri, Sangrur district, with an investment of INR 54.76 crore aimed at easing traffic congestion and improving regional connectivity. Punjab Chief Minister Bhagwant Mann laid the foundation stone for the project in the past week, stating that the two-lane bridge with a pedestrian footpath will be built over the Sheron Distributary near Level Crossing No. 62-A on the Rajpura–Bathinda railway line. Funded by the Punjab Infrastructure Development Board (PIDB), the project has secured all statutory approvals and is scheduled for completion by October 2027. The state government said the bridge has been designed to improve transport infrastructure while ensuring uninterrupted access through the existing lower railway crossing to support local businesses and residents.Read more

14 hours ago

Construction and infrastructure company GNI Infrastructure has filed draft papers with the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). The proposed issue comprises a fresh issue of 2.10 crore equity shares and an offer for sale of 93.88 lakh equity shares by promoters and existing shareholders. The company intends to utilise the proceeds from the fresh issue to meet its working capital requirements and for general corporate purposes. Established in 2007, GNI Infrastructure has built its business around road and highway construction projects in Maharashtra and has expanded into biomining and solid waste management projects, primarily serving government agencies and public sector organisations.Read more

14 hours ago

CJ Darcl Logistics has signed a memorandum of understanding with the National Highways for Electric Vehicles (NHEV) to pilot heavy electric freight operations on India's upcoming e-highways. The partnership will begin with the Bengaluru–Chennai corridor, where the two organisations will jointly develop charging infrastructure and deploy heavy electric trucks. The initiative also includes battery-swapping facilities, solar-powered energy stations and logistics hubs to support zero-emission freight movement. The collaboration aims to evaluate the commercial viability of electric trucking while creating a scalable model for sustainable, low-carbon logistics across India's highway network.Read more

15 hours ago

Apeejay Surrendra Park Hotels Ltd has received an income tax demand notice of INR 41.06 crore, including applicable interest, for the assessment year 2024–25. The demand follows a scrutiny assessment in which the Income Tax Department made certain additions and disallowances under various provisions of the Income Tax Act. The hospitality company has said it will challenge the order by filing an appeal before the appropriate appellate authority within the prescribed timeline. The development is not expected to impact the company's day-to-day operations while the appeal process is underway.Read more

15 hours ago

The National Highways Authority of India (NHAI) has introduced a multi-lane free-flow (MLFF) tolling system at the Manoharpura toll plaza on the Delhi–Jaipur section of National Highway-48 in Rajasthan, marking another step towards barrier-free electronic toll collection. The rollout follows the launch of Rajasthan's first MLFF system at the Daulatpura toll plaza in the past month. The authority also plans to extend the technology to the Shahjahanpur toll plaza on the same corridor. The MLFF system combines Automatic Number Plate Recognition (ANPR) technology with FASTag-based toll collection, allowing vehicles to pass through toll plazas without stopping while enabling automated user fee collection and reducing congestion.Read more

16 hours ago

• The Insolvency and Bankruptcy Code (Amendment) Act, 2026 clarifies that statutory charges created solely by law will no longer qualify as "security interests" under the IBC, changing the treatment of government land authorities during insolvency proceedings.
• As a result, state development authorities such as industrial and urban development bodies will no longer enjoy the status of secured creditors merely because state laws create a statutory charge over land or dues.
• The amendment restores the original waterfall mechanism under Section 53 by placing government dues in their designated priority instead of alongside secured creditors.
• Legal experts believe the change will improve certainty in insolvency resolution, reduce litigation over creditor rankings and provide greater confidence to lenders and investors participating in distressed asset resolutions.Read more

Pune News Desk

16 hours ago

• Pune IT City Metro Rail Corporation (PITCMRL) has completed a 60-metre-long foot overbridge (FOB) at Wakad Metro Station on Metro Line 3 to improve pedestrian safety and last-mile connectivity across the • Mumbai–Bengaluru Highway.
• The bridge provides a safe crossing for both metro commuters and the general public, reducing dependence on busy road crossings and improving access to Wakad Chowk.
• Installed during carefully planned late-night operations, the structure is part of preparations for the commercial launch of Pune Metro Line 3 and the development of Wakad as a multimodal transit hub.
• The project is expected to strengthen integration between metro services, buses, taxis and other last-mile transport options while enhancing commuter convenience in one of Pune's busiest transport corridors.Read more

Hyderabad News Desk

17 hours ago

KKR & Co. Inc is nearing the sale of its controlling stake in Re Sustainability Ltd., with I Squared Capital and a consortium of TPG and the Canada Pension Plan Investment Board (CPPIB) emerging as the leading bidders. The Hyderabad-based environmental services company is expected to be valued at over USD 1.6 billion, with binding bids anticipated in the coming weeks. KKR has restructured the business by separating its municipal waste operations to sharpen its focus on industrial environmental services. The proposed transaction underscores growing investor interest in India's waste management and sustainability sector amid rising demand for environmental infrastructure. If completed, the deal would rank among the largest private equity exits in India's environmental services industry.Read more

17 hours ago

Swiss healthcare real estate company Infracore has fixed the offer price for its initial public offering (IPO) at 54 Swiss francs per share, valuing the company at around USD 1 billion. The listing on the SIX Swiss Exchange is scheduled for July 9 and is expected to raise about 200 million Swiss francs through newly issued shares. The company plans to use the proceeds to acquire more hospital properties and repay shareholder loans. Strong investor demand has already covered both the primary offering and the greenshoe option, indicating positive market interest.Read more

18 hours ago

The Real Estate Regulatory Authority (RERA), Gurugram, approved 51 real estate projects with a combined investment of around INR 38,050 crore (approximately USD 4 billion) during the January–June 2026 period. According to data released by the authority, the projects comprise 16,727 units, including 15,403 residential, 1,084 commercial and 240 industrial units. Eleven of the approved developments alone account for investments of around INR 25,000 crore, highlighting the scale of ongoing development in Gurugram. The authority attributed the momentum to sustained developer activity, improved regulatory compliance and continued participation from homebuyers and institutional investors.Read more

18 hours ago

Abu Dhabi-based International Holding Company (IHC) and the Adani Group have signed a joint venture agreement to develop an integrated aluminium project in Odisha with an investment of USD 11.5 billion. The project, which will be owned equally by both partners, is expected to become India's largest foreign investment in the metals sector. It will include an alumina refinery, aluminium smelter, captive power plant and downstream manufacturing park. The development is expected to strengthen India's aluminium production capacity, create more than 53,000 jobs and support the country's growing industrial demand.Read more

19 hours ago

Leasing activity in India's organised retail real estate market increased by 18% year-on-year to 2.4 million sq ft during the April–June quarter across eight major cities, according to Cushman & Wakefield. The growth was driven by retailers expanding their physical presence despite limited availability of quality retail assets. High streets accounted for nearly half of the total leasing activity at 1.17 million sq ft, while fashion retailers remained the largest occupiers, followed by food and beverage brands. The consultant noted that constrained supply has resulted in lower vacancies and firmer rentals across key retail destinations, with additional retail developments expected to improve space availability in the coming quarters.Read more

19 hours ago

French warehouse developer Argan reported a 4% year-on-year increase in rental income for the first half of 2026, supported by the full-year contribution of warehouses delivered in 2025, annual rent indexation and a return to full occupancy. The company has slightly raised its rental income guidance for 2026 to at least EUR 221 million and expects further support from two projects scheduled for completion later this year. Analysts continue to maintain a positiveRead more

20 hours ago

• Shirish Godbole, CEO of Knowledge Realty Trust, has been appointed chairperson of the Indian REITs Association (IRA) with immediate effect, succeeding Alok Aggarwal following his retirement from Brookfield India REIT.
• Godbole brings over 25 years of experience in global real estate investment and finance, having held leadership positions at AEW Capital Management, Morgan Stanley and Goldman Sachs.
• The Indian REITs Association will continue to focus on strengthening investor awareness, promoting governance standards, encouraging industry collaboration and supporting the long-term growth of India's listed REIT market.
• The leadership transition comes as India's REIT sector continues to expand, with rising institutional participation, evolving regulations and growing investor interest expected to drive the next phase of market development.Read more

20 hours ago

• The National Highways Authority of India (NHAI) has invited bids for the construction of the 62.7-km Thiruvananthapuram Outer Ring Road (ORR) from Navaikulam to Vizhinjam in Kerala.
• The project, estimated to cost INR 8,004.72 crore, will be developed on a Build-Operate-Transfer (BOT) mode as part of NH-866.
• Bidding documents are available from June 5 to August 6, 2026, with online bids to be submitted by August 5 and opened on August 7.
• The proposed corridor is expected to enhance regional connectivity by linking Navaikulam and Vizhinjam, supporting smoother movement of passenger and freight traffic.Read more

Ahmedabad News Desk

21 hours ago

The Ahmedabad Municipal Corporation (AMC) is preparing to monetise more than 209 civic properties as part of a broader strategy to strengthen municipal revenues and fund infrastructure development. The initiative will focus on commercially viable assets, including land parcels and built-up properties, while retaining ownership through long-term lease models wherever feasible. The civic body also plans to identify additional underutilised leasehold properties for future monetisation. Officials expect the programme to generate sustainable non-tax revenue, support capital-intensive urban projects and reduce dependence on conventional municipal income sources.Read more

21 hours ago

Coal India Limited (CIL) has secured an INR 2,831.11 crore contract to develop a 600 MW solar power plant at Jalaun Solar Park in Uttar Pradesh. Awarded by Bundelkhand Saur Urja Limited, the project comprises two 300 MW units and will supply electricity at a tariff of INR 2.73 per kWh. The project strengthens CIL's renewable energy portfolio and supports the company's strategy to expand clean energy infrastructure alongside its core mining business.Read more

22 hours ago

Sri Lanka’s stock market ended slightly lower, marking its second consecutive session of losses as declines in communication services and real estate stocks offset gains in the IT and healthcare sectors. The benchmark CSE All Share Index slipped 0.09%, while trading activity and market turnover also declined compared to the previous session. Foreign investors remained net sellers, whereas domestic investors continued to buy shares. The latest session reflects cautious investor sentiment amid lower trading volumes and selective sectoral movements across the market.Read more

05 Jul 2026

The National Highways Authority of India (NHAI) is moving closer to making the entire Delhi–Jaipur stretch of NH-48 barrier-free by expanding its Multi-Lane Free Flow (MLFF) tolling system. Following the rollout at Daulatpura and the latest launch at Manoharpura Toll Plaza, the authority now plans to upgrade Shahjahanpur Toll Plaza as well. The technology-driven initiative aims to eliminate toll barriers, reduce travel time, improve fuel efficiency and create a seamless commuting experience on one of India's busiest highway corridors.Read more

05 Jul 2026

Bloom Energy and Brookfield have expanded their partnership to finance power projects for artificial intelligence (AI) infrastructure, increasing their investment framework from USD 5 billion to USD 25 billion. The move reflects rising demand for reliable and cleaner power solutions as AI data centres continue to grow worldwide. The expanded collaboration will accelerate the deployment of Bloom Energy's fuel cell technology and forms part of Brookfield's AI Infrastructure Fund, which aims to invest USD 100 billion. Following the announcement, Bloom Energy's shares rose sharply in extended trading.Read more