SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

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Odisha has planned a landmark IT park to support its INR 50,000 crore technology investment pipeline

19 minutes ago

Odisha has unveiled plans to develop a 25-acre integrated IT park near Damana Square in Bhubaneswar to strengthen the state's technology infrastructure and accommodate rising investor interest. The mixed-use campus will be developed through a public-private partnership, with nearly 70% of its built-up area dedicated to IT and IT-enabled services, supported by commercial, retail, hospitality and residential facilities. The project is expected to support over INR 50,000 crore worth of proposed technology investments, attract global capability centres and semiconductor firms, generate significant employment, and further establish Bhubaneswar as a leading digital and innovation hub in eastern India.Read more

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China's low-altitude aviation stocks decline after crash into Beijing's tallest building

49 minutes ago

Shares of companies linked to China's low-altitude aviation sector declined after a light aircraft crashed into Beijing's tallest building, prompting investors to reassess safety and regulatory risks in the emerging industry. Manufacturers of drone engines, helicopters, airport equipment and unmanned aerial vehicles witnessed losses during trading. The accident, which claimed the life of the pilot and injured 13 people on the ground, has renewed attention on aviation safety in China's tightly controlled airspace. Authorities have launched an investigation while the incident has raised fresh concerns over the sector's future regulatory environment.Read more

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Vadodara–Mumbai stretch of Delhi–Mumbai Expressway likely to open by end of August

1 hour ago

• The Vadodara–Mumbai section of the Delhi–Mumbai Expressway is expected to be opened to traffic by August 31, according to Maharashtra Chief Minister Shri Devendra Fadnavis.
• Construction on the Maharashtra stretch is nearing completion, with the remaining packages progressing towards commissioning.
• The access-controlled expressway is expected to substantially reduce travel time between Mumbai and Vadodara while improving freight movement to western India's ports and industrial hubs.
• The project forms part of the Delhi–Mumbai Expressway, one of India's largest greenfield highway developments being implemented by the National Highways Authority of India (NHAI).
Read more

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Incuspaze Raises INR 150 Crore to Accelerate Expansion Ahead of FY29 IPO

1 hour ago

Flexible workspace provider Incuspaze has raised INR 150 crore in a funding round led by Bharat Value Fund and other financial institutions to support its expansion plans ahead of a proposed FY29 initial public offering (IPO). The company will use the capital to expand its presence in key commercial markets, invest in technology, and pursue strategic acquisitions. The fundraising follows recent acquisitions aimed at strengthening its managed workspace portfolio amid rising demand for flexible office solutions.Read more

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Vadhavan Port to power Maharashtra’s economic growth for next three decades: Shri Devendra Shri Devendra Shri Devendra Fadnavis

2 hours ago

• Maharashtra Chief Minister Devendra Shri Devendra Shri Devendra Fadnavis said the upcoming Vadhavan Port will serve as a key driver of economic growth for both the state and the country over the next 30 years.
• The deep-draft port is expected to strengthen India's maritime infrastructure, enhance cargo handling capacity and improve global trade competitiveness.
• The project is anticipated to attract large-scale investments, generate employment and spur the development of logistics, industrial and allied sectors in the region.
• The state government reaffirmed its commitment to supporting the timely execution of the project in coordination with the Centre and port authorities.
Read more

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MMRDA Begins Land Acquisition for Uttan–Virar Sea Link as Mumbai–Vadhavan Corridor Moves Ahead

2 hours ago

The Mumbai Metropolitan Region Development Authority (MMRDA) has initiated the land acquisition process for the proposed Uttan–Virar Sea Link, marking a significant step in the development of the larger Mumbai–Vadhavan connectivity corridor. The exercise begins in Uttan village, where landowners have been asked to indicate whether they are willing to part with their land through private negotiations before the authority proceeds with acquisition.Read more

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YIT secures road construction contracts in Lithuania worth EUR 30 million

3 hours ago

YIT has secured several road construction contracts in Lithuania with a combined value of approximately EUR 30 million for the company. The contracts were awarded during the first half of 2026 and will strengthen YIT's infrastructure order book in the Baltic region. The Finnish construction and real estate company has been expanding its infrastructure business across Northern and Central Europe, with Lithuania remaining one of its key markets. The latest agreements build on YIT's long-standing presence in the country and its continued focus on transport infrastructure projects.Read more

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Omaxe to invest INR 6,200 crore in 19 hotels across five states over five years

3 hours ago

Real estate developer Omaxe Ltd has announced its entry into the organised hospitality sector with plans to invest INR 6,200 crore over the next four to five years to develop 19 hotels across five states. The projects, spanning nearly 5 million sq ft, will be integrated with the company's townships, mixed-use developments and commercial projects. Uttar Pradesh will account for the majority of the portfolio with 12 hotels, including developments in Ayodhya, Vrindavan and Lucknow. Omaxe will partner with established hospitality operators to manage the hotels, with one of the flagship projects being a 158-key Gateway Hotel by IHCL at The Omaxe State in Dwarka, New Delhi.Read more

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Prestige Group reports INR 65,000 crore in unrecognised revenue after record pre-sales

4 hours ago

Prestige Estates Projects has reported approximately INR 65,000 crore in unrecognised revenue, reflecting robust residential sales recorded over the past three financial years under its existing revenue recognition policy. The Bengaluru-based developer achieved record pre-sales of INR 30,024 crore in FY2025-26, a 76% increase over the previous year, and is targeting sales bookings of INR 35,000–36,000 crore in the current financial year. Chairman Irfan Razack said the company is evaluating a shift from the completion method to the percentage-of-completion method for recognising revenue, subject to discussions with auditors. With a launch pipeline valued at around INR 58,000 crore and continued demand for housing, the developer expects stronger business performance, although project launches will remain dependent on statutory approvals.Read more

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India’s REIT market eyes multi-trillion growth as data centres, logistics and retail emerge as next frontier

Vriti Gothi

4 hours ago

India’s Real Estate Investment Trust (REIT) market has grown from a single listed vehicle in 2019 to a USD 18 billion asset class managing more than INR 2.5 lakh crore in assets. Industry projections suggest the sector could expand between five and ten times over the next five years, driven by institutional capital, a growing pipeline of REIT-ready assets and the emergence of new sectors including data centres, logistics parks and retail real estate. While office assets continue to dominate listed portfolios, analysts expect the next phase of growth to be fuelled by diversification into specialised asset classes. Research by Knight Frank India, JLL, CBRE and ANAROCK indicates that India's institutional ownership levels remain significantly below global benchmarks, leaving substantial room for further expansion as capital markets deepen and new investment vehicles enter the market.Read more

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Maharashtra launches INR 15 crore AI project to map Konkan petroglyphs for UNESCO bid

5 hours ago

Maharashtra has launched an INR 15 crore AI-driven initiative to digitally map and study prehistoric petroglyphs across 107 villages in Ratnagiri and Sindhudurg. The four-year project, led by IITM Pravartak, will use drone surveys and advanced imaging to prepare a scientific dossier supporting the state's UNESCO World Heritage nomination. Dating between 20,000 BC and 10,000 BC, the rock carvings span nearly 150 sq km, making them among India's oldest known examples of prehistoric art.Read more

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Oberoi Realty enters Delhi-NCR with INR 16,000 crore luxury housing project in Gurugram

5 hours ago

Oberoi Realty has entered the Delhi-NCR residential market with the launch of its first luxury housing project, 'Three Sixty North', on Golf Course Extension Road in Gurugram. The two-phase development has a total revenue potential of INR 16,000 crore and will require an investment of around INR 6,000 crore. The first phase comprises 832 apartments across six towers, with prices starting at INR 19 crore. The Mumbai-based developer said the project marks a significant step in expanding its presence beyond its stronghold in the Mumbai Metropolitan Region.Read more

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Australian construction firm FDC plans IPO, targets USD 668 million valuation

6 hours ago

Australian construction contractor FDC Group has filed for an initial public offering (IPO) to raise AUD 400 million, valuing the company at around AUD 969 million (USD 667.64 million). The IPO includes the sale of 133.6 million shares, representing 41% of the company's issued share capital, at an offer price of AUD 3.00 per share. FDC plans to list on the Australian Securities Exchange (ASX) in early July, subject to regulatory approval. The company has also projected strong revenue growth for 2027, supported by its expanding project pipeline across Australia.Read more

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Assam bridge collapse disrupts rail link as floods batter Northeast

6 hours ago

Heavy rainfall has damaged transport infrastructure across Assam and Arunachal Pradesh, with a railway bridge collapsing in Assam's Dhemaji district and landslides disrupting road connectivity in Arunachal Pradesh. Flooding has affected thousands of residents, while rail services on the affected route remain suspended. Restoration teams and disaster response agencies have been deployed to repair damaged infrastructure and assist affected communities. The India Meteorological Department has forecast more heavy rainfall across parts of the Northeast.Read more

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ITC Hotels signs 101-key Welcomhotel in Gandhinagar to expand Gujarat portfolio

7 hours ago

ITC Hotels Ltd has signed a management agreement with Shyam Group Hotel and Resort to operate a 101-key Welcomhotel in the Karai area of Gandhinagar, strengthening its presence in Gujarat's hospitality market. Set across a nine-acre site, the hotel will feature guestrooms, multiple dining outlets, banquet facilities and landscaped event lawns, targeting business travellers, weddings, social events and the MICE segment. Strategically located between Gandhinagar and Ahmedabad, with connectivity to Ahmedabad Airport and GIFT City, the property forms part of ITC Hotels' expansion strategy in high-growth markets. The hotel is expected to commence operations later this year.Read more

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Puravankara to sell entire stake in Purva Ruby Properties for INR 145 crore

7 hours ago

Puravankara Ltd has approved the sale of its entire 100% shareholding in its wholly owned subsidiary, Purva Ruby Properties Private Limited, for INR 145 crore. The buyer is Prishal Office Parks III Private Limited, an entity backed by an alternative investment fund managed by ICICI Prudential Asset Management Company Limited. The transaction is not a related-party deal and is expected to be completed within 45 days, after which Purva Ruby Properties will cease to be a subsidiary of Puravankara. The move comes as the developer continues to streamline its business while expanding its real estate portfolio.Read more

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Dios signs lease agreement to modernize premises for Norrbotten County Administrative Board

8 hours ago

Swedish real estate company Dios has signed a new lease agreement with the County Administrative Board of Norrbotten County to modernize premises at Stationsgatan in Lulea. The agreement adds to the company's recent leasing activity across northern Sweden, where it has continued to secure long-term tenants and upgrade commercial properties. The project reflects Dios' ongoing focus on improving office spaces to meet tenant requirements while strengthening its presence in key regional cities, including Luleå, which remains an important market in its property portfolio.Read more

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West Bengal orders safety audit of high-rise projects after fatal Kolkata warehouse collapse

8 hours ago

The West Bengal government has launched a comprehensive safety audit of sanctioned high-rise residential and commercial projects in and around Kolkata following the collapse of an under-construction warehouse that claimed 11 lives earlier this week. A committee comprising officials from multiple government agencies, along with experts from RITES and IIT Kharagpur, will scrutinise approved building plans, structural integrity and fire safety compliance before suspended projects are permitted to resume. The exercise will also extend to waterbodies, construction site maintenance and public safety measures. Commercial projects currently under construction will remain suspended until they receive clearance through the audit process, with the government stating that development would continue only after compliance with prescribed safety standards.Read more

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Why sustainable real estate is becoming central to the future of property development

Vriti Gothi

9 hours ago

Buildings account for nearly 37% of global energy- and process-related carbon emissions, placing the real estate sector at the centre of climate and resource-efficiency discussions worldwide. In India, sustainability is increasingly influencing how projects are designed, constructed and operated, with developers adopting measures ranging from energy-efficient systems and water conservation technologies to low-carbon materials and renewable energy solutions. Sustainable real estate is no longer limited to obtaining green certifications; it is becoming a broader approach to reducing environmental impact, improving operational efficiency and enhancing occupant well-being. Understanding its scope is essential as sustainability becomes an increasingly important consideration across the property sector.Read more

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Salman Khan family's Bandra redevelopment project receives MCZMA clearance

9 hours ago

The Maharashtra Coastal Zone Management Authority (MCZMA) has granted coastal clearance for the redevelopment of a sea-facing residential property owned by actor Salman Khan's mother, Salma Khan, in Bandra (West), Mumbai. The project, which had already received the Brihanmumbai Municipal Corporation's (BMC) Intimation of Disapproval (IOD) last year, proposes a ground-plus-stilt-plus-six-storey residential building with a total built-up area of 1,014.11 square metres. The approval comes with conditions requiring the redevelopment to retain the existing land use and remain within the permissible Floor Space Index (FSI) limits under applicable planning regulations.Read more

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Ansal Hi-Tech Township has been directed to refund a homebuyer after failing to deliver a flat for over a decade

10 hours ago

A district consumer commission in Gautam Buddh Nagar has granted relief to a homebuyer who remained without possession of an apartment for more than 12 years after booking it with Ansal Hi-Tech Townships. The commission concluded that the prolonged delay amounted to a failure in service and directed the developer to return the buyer's investment with applicable interest. It also awarded compensation for mental distress and litigation expenses, reinforcing that developers cannot indefinitely retain buyers' money without delivering the promised property.Read more

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Iconic buildings that helped shape and redefine modern architecture

10 hours ago

Modern architecture has been shaped by a number of buildings that introduced new design ideas, construction methods and ways of using space. From early skyscrapers and glass structures to cultural centres and sustainable office buildings, these projects influenced how architects and engineers approached future developments. Their impact can still be seen in cities around the world through office towers, public buildings and mixed-use developments. Here are some notable buildings that played an important role in the evolution of modern architecture.Read more

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Berkeley Group seeks tax and regulatory reforms after 15% decline in annual profit

10 hours ago

British housebuilder Berkeley Group has called on the UK government to reduce tax and regulatory burdens on the housing sector after reporting a 15% fall in annual pre-tax profit. The developer said policy reforms, including lower stamp duty and faster planning approvals, were needed to encourage investment and accelerate housing delivery, particularly in London. While the company reiterated its profit guidance for the next four financial years, it cautioned that economic uncertainty, rising borrowing costs and political developments continued to weigh on the housing market. The appeal comes as the UK government pursues ambitious housebuilding targets amid persistent supply shortages and weakening market conditions.Read more

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Desco Infratech commissions first phase of compressed biogas plant in Uttar Pradesh

11 hours ago

Desco Infratech Ltd has commissioned the first phase of a compressed biogas (CBG) plant at Bulandshahr, Uttar Pradesh, through its subsidiary Shri Green Agro Energies Private Ltd (SGAEPL), marking the group's entry into the renewable energy sector. The facility has commenced operations with an initial production capacity of one tonne per day (TPD), against the plant's planned capacity of five TPD. Commercial sales are expected to begin shortly following the completion of operational preparations. The project forms part of the company's expansion strategy into bio-energy and is intended to convert agricultural residue and organic waste into clean fuel while supporting India's waste-to-energy and renewable energy objectives.Read more

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Century Real Estate unveils 50-acre mixed-use project in North Bengaluru

11 hours ago

Century Real Estate has announced Century Immencity, a mixed-use development spanning more than 50 acres in Jakkur, North Bengaluru, with a planned built-up area of around 11 million sq ft. The project will integrate residential, commercial, retail, hospitality and lifestyle components within a single development and will be executed in phases. The first phase, comprising around one million sq ft each of residential and commercial space, is already under construction. Located along the International Airport Road corridor, the development is expected to benefit from planned metro connectivity and surrounding infrastructure projects. Century Real Estate said the project has been designed with international planning consultants and aims to accommodate businesses, residents and visitors within an integrated urban environment.Read more

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Centre approves over 6.18 lakh PMAY-Gramin houses for Uttar Pradesh

11 hours ago

The Centre has approved the construction of more than 6.18 lakh rural houses in Uttar Pradesh under the new phase of the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) for 2024-29, while also extending the minimum support price (MSP) procurement period for wheat, gram and lentils until July 8. The decisions were announced during a review meeting between Union Agriculture and Rural Development Minister Shivraj Singh Chouhan and Uttar Pradesh Chief Minister Yogi Adityanath in Lucknow. Alongside housing approvals, the Centre outlined measures to strengthen agricultural planning, water management and crop diversification, while reaffirming financial and technical support for timely implementation of the rural housing programme.Read more

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Hong Kong home prices rise for 12th straight month in May amid strong buyer demand

12 hours ago

Hong Kong's private home prices continued their upward trend in May, rising 1.4% from the previous month to record a twelfth consecutive monthly increase. The steady growth was supported by positive market sentiment, improved stock market performance, stronger demand from mainland Chinese buyers and professionals, and easing housing oversupply. Property prices have now gained 7.4% so far this year, reaching their highest level since October 2023. However, market experts believe the momentum could slow in the second half of the year due to a weaker stock market, possible interest rate hikes and tighter regulations on outbound investment from mainland China.Read more

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NHAI introduces barrier-free tolling at Gharaunda toll plaza on NH-44

12 hours ago

The National Highways Authority of India (NHAI) has introduced Multi-Lane Free Flow (MLFF) tolling at the Gharaunda toll plaza on the Panipat–Jalandhar stretch of NH-44, further expanding its technology-driven toll collection network. The system enables vehicles to pass through toll points without stopping, using overhead sensors, cameras and FASTag-based electronic toll collection to automatically deduct user charges. Gharaunda becomes the fourth toll plaza in the country to adopt the MLFF system after installations in Gujarat, Delhi and Rajasthan. NHAI said the initiative is aimed at reducing congestion, improving travel efficiency, enhancing fuel savings and promoting safer highway operations, while advising motorists to maintain active FASTag accounts and compliant vehicle registration plates.Read more

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Chhattisgarh orders statewide safety audit of multi-storey buildings

13 hours ago

The Chhattisgarh government has directed a comprehensive safety audit of multi-storey residential buildings, commercial establishments, educational institutions, hotels and other public buildings across the state following recent fire incidents in different parts of the country. Chief Minister Vishnu Deo Sai has instructed authorities to carry out detailed inspections covering fire safety systems, structural stability, emergency preparedness and compliance with prescribed norms. The statewide exercise will be coordinated by district administrations and municipal authorities, with officials directed to rectify identified deficiencies and initiate action against establishments found violating safety regulations. The move follows concerns over recent fatal fire accidents, including the blaze in Lucknow that claimed 15 lives.Read more

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NHAI to deploy advanced traffic management system across 1,205 km of Delhi-NCR highways

13 hours ago

The National Highways Authority of India (NHAI) will deploy and upgrade an Advanced Traffic Management System (ATMS) across 1,205 km of National Highways in Delhi-NCR and adjoining regions to improve traffic monitoring, incident response and digital enforcement. The project will cover 408 km through full-scale deployment of ATMS infrastructure, while 797 km of existing corridors will be upgraded with advanced video-based monitoring systems. The initiative will integrate artificial intelligence, automated incident detection, FASTag-enabled digital platforms and command-and-control centres to strengthen highway safety and operational efficiency. The network will also connect with the NHAI Data Lake, Rajmargyatra mobile application and the National Highway Helpline 1033 to provide enhanced commuter services.Read more

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Puravankara signs JDA for INR 1,000 crore residential project in Bengaluru

14 hours ago

Puravankara Ltd has entered into a joint development agreement (JDA) to develop a 6.4-acre residential project in Sarjapur, Bengaluru, with an estimated revenue potential of INR 1,000 crore. The proposed development will offer a saleable area of approximately 0.8 million sq ft, further strengthening the developer's presence in one of Bengaluru's fastest-growing residential corridors. While the company has not disclosed the identity of the landowner or the commercial terms of the agreement, the transaction reflects the growing preference among developers for asset-light land acquisition through JDAs. As of the end of FY2025-26, Puravankara had completed 95 projects spanning 57 million sq ft across nine Indian cities and had ongoing developments covering nearly 36.69 million sq ft.Read more

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Karnataka exempts eligible Bengaluru homeowners from occupancy certificate requirement

14 hours ago

The Karnataka government has exempted eligible Bengaluru homeowners from obtaining Occupancy Certificates (OCs), offering relief to residents affected by developers' failure to secure the mandatory approvals. The exemption applies to residential buildings that comply with sanctioned plans and prescribed norms, while illegal constructions and projects with major deviations remain excluded. The decision aims to ease hardships faced by homebuyers without diluting enforcement against developers responsible for regulatory violations or unauthorised construction.Read more

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Maharashtra approves INR 310 crore extension of Nagpur Metro Phase II North Corridor

15 hours ago

The Maharashtra cabinet's infrastructure sub-committee has approved the extension of the Phase II North Corridor of the Nagpur Metro from the Kanhan River to Kanhan town at an estimated cost of INR 310.35 crore. The 1.4-km elevated stretch, proposed by Maharashtra Metro Rail Corporation Ltd (Maha-Metro), will include a new elevated station at Kanhan town and is expected to improve connectivity for around 20,000 additional daily passengers. The project will also enhance access to surrounding towns, mining areas and the Mauda Super Thermal Power Project. Funding will be shared between the Centre, the Maharashtra government and concessional multilateral loans.Read more

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Telangana RERA stops flat sales at Jai Vasavis ORR Heights, orders developer to refund INR 14.9 lakh

15 hours ago

• Telangana RERA has restrained the developer of Jai Vasavis ORR Heights from advertising, marketing, booking or selling flats until further orders.
• The authority directed the developer to refund INR 14.9 lakh to a homebuyer with 10.7% annual interest within 60 days.
• The complaint alleged that the project was marketed, bookings were accepted and payments were collected before RERA registration was obtained.
• TGRERA has also initiated penalty proceedings and issued directions to begin the process for revoking the project's registration over alleged violations of the Real Estate (Regulation and Development) Act, 2016.
Read more

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AGM Vijaylaxmi Group launches mixed-use commercial project in Goregaon East

Mumbai News Desk

16 hours ago

AGM Vijaylaxmi Group has launched SIXTY3 W.E. Bizpark, a G+25 mixed-use commercial development in Goregaon East, Mumbai, comprising office spaces and high-street retail. Located along the Western Express Highway, the project offers office units ranging from 545 sq ft to 3,200 sq ft and is designed to cater to SMEs, MSMEs, IT firms and start-ups. The development includes retail, dining, parking and modern building infrastructure within an integrated commercial environment. The launch comes as Goregaon East continues to witness infrastructure-led growth, supported by metro expansion, improved road connectivity and proximity to established commercial hubs, strengthening its position as a key business destination in Mumbai's western suburbs.Read more

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Mumbai Port Rolls Out 63-Project, INR 5,028 Crore Growth Blueprint

16 hours ago

Mumbai Port Authority has unveiled a comprehensive development roadmap comprising 63 projects worth INR 5,028.17 crore, signalling a new phase of infrastructure expansion, operational modernisation and waterfront transformation. Announced during the port's 154th Foundation Day celebrations, the investment programme is designed to strengthen cargo operations while unlocking the economic potential of Mumbai's eastern waterfront through phased development.Read more

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Odisha REAT directs builder to execute sale agreement for flat booked in 2018

17 hours ago

• The Odisha Real Estate Appellate Tribunal (OREAT) has directed a housing project developer in Phulnakhra to execute a sale agreement for a flat booked in 2018, overturning an earlier ORERA order that had granted only a refund with interest.
• The tribunal ruled that the buyer qualified as an allottee under the Real Estate (Regulation and Development) Act, 2016, even though the advance payment was below 10% of the total flat value.
• It found the builder's cancellation of the allotment to be arbitrary and discriminatory, noting that similarly placed buyers in the same project were given sale agreements years after booking.
• The order also reiterated that housing is a part of the fundamental right to life under Article 21 of the Constitution and that homebuyers cannot be treated merely as parties to a commercial transaction.
Read more

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Britain's Crown Estate reports lower profit as offshore wind lease income declines

17 hours ago

Britain's Crown Estate reported a 13% decline in annual net operating profit to GBP 1.245 billion (USD 1.64 billion), mainly due to lower income from offshore wind leasing as major Round 4 projects entered the construction phase. Despite the decline, its core property business remained stable, with operating profit excluding Round 4 lease fees rising 5% to GBP 370 million. The value of the estate's property portfolio also increased during the year. The Crown Estate is expected to launch another offshore wind leasing round next year, although officials expect lower option fees amid changing market conditions.Read more

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Delhi Identifies 169 Waterlogging Sites, Eight Yamuna Flood Hotspots Ahead of Monsoon

Delhi News Desk

18 hours ago

The Delhi government has identified 169 waterlogging-prone locations and eight vulnerable flood hotspots along the Yamuna as part of its monsoon preparedness plan. Authorities have deployed monitoring teams, strengthened drainage management, and coordinated with multiple agencies to minimise flooding risks. The measures are aimed at improving emergency response, protecting low-lying areas, and ensuring uninterrupted movement during the monsoon season.Read more

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RBI Expands Term Money Market Access to Housing Finance Companies and AIFIs

18 hours ago

The Reserve Bank of India has expanded participation in the term money market by allowing housing finance companies (HFCs) and all-India financial institutions (AIFIs) to act as both borrowers and lenders. The move is aimed at improving liquidity management, strengthening short-term funding avenues, and enhancing the efficiency of the money market while supporting better transmission of monetary policy across the financial system.Read more

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11 killed in Kolkata warehouse collapse as Bengal probes building plan approval

19 hours ago

Eleven people died after a warehouse collapsed in Kolkata's Burra Bazar, prompting the West Bengal government to investigate the building's approval process. Chief Minister Mamata Banerjee alleged that the structure's plan had been sanctioned through irregularities during the tenure of a former Kolkata mayor. Authorities have launched a probe into compliance with sanctioned plans and building regulations, while rescue teams completed operations after recovering all victims from the debris.Read more

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Railway Board Plans Revised Wagon Design Policy Allowing Industry-Specific Freight Solutions

19 hours ago

The Railway Board has decided to introduce a revised Wagon Design Policy within 15 days to allow industries to design freight wagons based on their operational requirements. The policy aims to improve efficiency in loading, unloading and transport of commodities such as steel, cement and salt. While industries will be allowed to propose customised designs, safety approvals and prototype certification will remain under RDSO and the Chief Commissioner of Railway Safety, ensuring compliance with technical standards.Read more

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Uttar Pradesh secures over INR 50,000 crore investment proposals at Bengaluru roadshow

20 hours ago

The Uttar Pradesh government has secured investment proposals exceeding INR 50,000 crore during the Uttar Pradesh Global Growth Dialogue 2026 in Bengaluru. Led by Chief Minister Yogi Adityanath, the roadshow attracted over 15 companies across Global Capability Centres (GCCs), electronics manufacturing, logistics and industrial development. Several memorandums of understanding were signed, including with LG, Aon, MetLife and Table Space, as the state continued its investment outreach to strengthen industrial growth and attract large-scale private sector investments.Read more

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GMR takes over Nagpur airport after nine-year delay, begins phased modernisation

20 hours ago

GMR Airports has taken over operations of Dr Babasaheb Ambedkar International Airport, Nagpur, nearly nine years after winning the concession. The move initiates a phased redevelopment programme featuring a new integrated terminal, a second 4,000-metre runway and expanded cargo facilities. Maharashtra Chief Minister Devendra Fadnavis has set a 2029 deadline for the first phase, while the Centre aims to develop Nagpur into an aerotropolis and strengthen its aviation and logistics infrastructure.Read more

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Gurugram PG Owners Stage Protest, Seek Regularisation After Sealing Drive

Gurugram News Desk

21 hours ago

Property owners across Gurugram's DLF residential colonies have launched protests against the Haryana government's ongoing sealing drive targeting unauthorised paying guest (PG) accommodations and commercial establishments. The demonstrations come days after authorities intensified enforcement in DLF Phases 1 to 5, with owners demanding a policy framework to regularise existing PGs instead of shutting them down.Read more

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Cargo Force Expects Double-Digit Shipment Growth Following India-UK Free Trade Agreement

21 hours ago

Logistics company Cargo Force expects double-digit growth in shipments following the implementation of the India–UK Free Trade Agreement (FTA). The company anticipates higher trade volumes across sectors such as engineering goods, pharmaceuticals, textiles and perishables. It also plans to strengthen its logistics network and expand capacity to support increasing demand for cross-border freight services between the two countries.Read more

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Rajasthan government’s patta drive for illegal colonies sparks concerns over urban planning and safety

22 hours ago

• The Rajasthan government's decision to regularise unauthorised colonies through Urban Service Camps has drawn criticism from town planners and municipal officials, who say it weakens action against illegal developments.
• Recent relaxations under urban development rules allow several property-related services, including mutation and NOCs, to be processed without mandatory site inspections, raising concerns over planning and public safety.
• Officials believe repeated regularisation encourages builders to develop unauthorised colonies, expecting future governments to legalise them through pattas issued at a nominal fee of INR 500.
• Experts have also questioned the decision to delegate planning responsibilities to junior engineers in municipalities where key town planning posts remain vacant, warning it could affect the quality of urban development and oversight.
Read more

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Delhi government plans to upgrade 270 km of roads across the city, says CM

29 Jun 2026

The Delhi government has announced plans to strengthen around 270 km of roads across the capital as part of its infrastructure improvement push. According to the Chief Minister, the initiative aims to enhance road quality, improve connectivity, and ensure smoother traffic movement across key stretches. The project is expected to focus on repairing and upgrading existing road networks rather than new construction. Officials say the move will help reduce congestion, improve commuter experience, and strengthen the city’s overall urban infrastructure.Read more

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Tata Power is preparing a INR 15,000 crore grid overhaul to future-proof Mumbai’s power network

Mumbai News Desk

29 Jun 2026

Tata Power has unveiled an ambitious INR 15,000 crore investment roadmap to modernise Mumbai's electricity transmission and distribution infrastructure over the coming years. The programme is designed to prepare the city's power network for rapidly growing electricity demand, greater renewable energy integration and emerging high-consumption sectors such as data centres, metro rail and electric mobility. Alongside expanding transmission capacity, the company plans to strengthen battery storage, smart metering and digital grid technologies, positioning Mumbai for a cleaner, more reliable and resilient power system.Read more

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World Bank appreciates APCRDA’s skill development and livelihood initiatives

29 Jun 2026

The World Bank has appreciated the skill development, self-employment and livelihood initiatives being implemented by the Andhra Pradesh Capital Region Development Authority (APCRDA) in the Amaravati Capital Region. During a review meeting held at the APCRDA headquarters in Rayapudi, officials presented the progress of programmes focused on creating employment opportunities for youth, supporting women’s economic empowerment and improving sustainable livelihoods. The discussions also covered job fairs organised by APCRDA and the broader social development efforts being carried out under the Amaravati Integrated Urban Development Project (AIUDP).Read more

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