Ludhiana News Desk

13 minutes ago

The Greater Ludhiana Area Development Authority (GLADA) has intensified its efforts against unauthorised construction in the Shaheed Sukhdev Singh Nagar colony and nearby residential areas. Notices have been issued to 43 property owners for converting residential plots into commercial structures like shops and medical facilities without proper approvals. The authority has begun cancelling sanctioned building plans and is considering stricter actions, including property sealing and demolition. Residents and buyers are urged to verify approvals on the official website before purchasing property to avoid violations and legal issues.Read more

43 minutes ago

VinFast reported a wider net loss in the final quarter of 2025, mainly due to higher impairment charges linked to its proposed US manufacturing plant. Despite financial pressure, the company saw strong growth in electric vehicle deliveries, particularly in Vietnam, and a sharp rise in two-wheeler sales driven by policy changes. VinFast is now planning to resume construction of its North Carolina facility and is targeting global expansion across key Asian markets. It also aims to introduce range-extended electric vehicles in 2027 as part of its broader strategy to address infrastructure gaps.Read more

1 hour ago

Schneider Electric and Tata Power Western Odisha Distribution Limited are collaborating to digitise and modernise power infrastructure in Western Odisha. Seventy-five substations have been upgraded, serving more than 2.1 million customers across nine districts. The project improves grid efficiency, supports renewable energy integration, and reduces technical losses, contributing to a lower carbon footprint. TPWODL, a joint venture between Tata Power and the Odisha government, continues to provide safe and reliable electricity, demonstrating how digitalisation is enhancing sustainable energy systems in the region.Read more

1 hour ago

WeWork India Management Ltd has taken a step to expand its presence in Bengaluru by entering into a new lease agreement for additional workspace capacity. The company plans to add around 2,327 desks under this development, with an estimated investment of about INR 320 million. This move reflects steady demand for flexible office spaces in key commercial markets, especially in Bengaluru, which remains one of India's largest office hubs. The expansion also aligns with the company's ongoing strategy to strengthen its footprint in high-demand micro-markets.Read more

2 hours ago

Andhra Pradesh's RERA has directed all housing projects exceeding 500 square metres or having more than eight apartments to register with the authority before marketing or sales. This step is aimed at increasing transparency and safeguarding homebuyers interests. Non-compliant projects face penalties up to 10% of the project cost, though a transitional window allows unregistered projects to complete registration by the end of this month with a 50% penalty reduction. Builders are also required to submit quarterly progress reports, establish apartment associations, and comply with RERA norms for financial approvals and legal protection.Read more

2 hours ago

HD Hyundai is moving ahead with a large greenfield shipyard project in Tamil Nadu with an estimated investment of around USD 4 billion, doubling its earlier plan. The facility is expected to come up in the Thoothukudi region and will focus on building commercial and cargo vessels. The project is part of the company's long-term strategy to expand in India and aligns with the country's push to strengthen its shipbuilding industry. It also reflects increasing global interest in India as a manufacturing and maritime hub.Read more

3 hours ago

Over the past 11 financial years, banks in India have written off loans totaling nearly INR 9.75 lakh crore, with the highest write-off recorded in FY20 at INR 1.59 lakh crore. The figures have gradually decreased, reaching INR 47,568 crore in FY25. While these write-offs follow RBI guidelines and bank board approvals, they do not absolve borrowers of their liabilities. Recovery efforts continue on these accounts through multiple legal and recovery mechanisms, and banks remain active in pursuing repayment from borrowers despite the write-offs.Read more

3 hours ago

The Telangana Real Estate Regulatory Authority (TG-RERA) imposed a total penalty of about INR 4.74 crore on Bharathi Builders Pvt Ltd for collecting funds from homebuyers through pre-launch offers without registering the Bharathi Lake View Apartments project in Kompally under RERA. The developer accepted payments despite not starting construction or obtaining mandatory approvals. TG-RERA declared the company a defaulter promoter and directed a full refund with applicable interest within 60 days. The authority also emphasized the risks of investing in unregistered projects and called for strict compliance with RERA regulations.Read more

4 hours ago

RSVM Hospitality has acquired over 18.6 acres of land in Thane's Majiwada locality for more than INR 498 crore from entities of the Neterwala Group through two separate transactions. The deal includes land purchases from Chemicals and Ferro Alloys Pvt Ltd and Uni Abex Alloy Products Ltd. The acquisition is part of a structured transaction that was initiated earlier and completed recently. It highlights growing interest in Thane as a development hub due to better connectivity, infrastructure upgrades, and availability of large land parcels compared to Mumbai.Read more

4 hours ago

Japan Logistics Fund reported a stable financial performance for the six-month period ending late January 2026, with moderate growth in both revenue and net income compared to the previous period. Revenue rose to about 11,933 million yen, while net income increased to 6,406 million yen. The fund also maintained a consistent dividend payout of 2,300 yen. Despite expected declines in upcoming forecast periods, the overall performance reflects stable demand in the logistics real estate sector, supported by continued e-commerce growth and efficient asset management.Read more

5 hours ago

Solstice Data has committed an investment of INR 52,600 crore to develop a large data centre project in Kerala, marking a major boost to the state's digital infrastructure sector. The project will come up at KINFRA Industrial Park in Kannur across nearly 100 acres and will be executed in multiple phases over the next few years. Focused on artificial intelligence and high-performance computing, the development is expected to create jobs and support Kerala's plans to attract global technology investments and strengthen its position in the data centre ecosystem.Read more

5 hours ago

Union Bank of India has received board approval to raise INR 20,000 crore through the issuance of long-term infrastructure bonds. The fund-raising initiative aims to support infrastructure development and affordable housing projects. Of this, the bank may target INR 7,500 crore through bonds with a 10-year tenor before the end of the current financial year. Additionally, the board approved the launch of green or sustainable bonds up to INR 5,000 crore. This move reflects the bank's focus on sustainable growth and development funding in key sectors.Read more

6 hours ago

Samty Residential Investment Corporation reported improved financial performance for the six-month period ending late January this year, with both revenue and net profit rising compared to the previous period. Revenue increased to JPY 7,106 million, while net income saw a significant jump to JPY 3,268 million. The company also reported higher distributions to investors. Despite earlier declines reflected in prior results and forecasts, the latest figures indicate a recovery in performance. The outlook for upcoming periods remains stable, with moderate expectations for revenue and profit, suggesting a cautious but steady trajectory for the residential REIT.Read more

6 hours ago

Sundaram Home Finance Ltd has initiated its affordable housing segment in Puducherry, aiming to disburse over INR 10 crore in the initial phase. The Chennai-based company recently expanded this business vertical into Karnataka, Andhra Pradesh, and Telangana. Highlighting Puducherry's growth as an education and employment hub, the company sees significant potential in small, affordable housing communities on the outskirts. Earlier, the company crossed 100 branches in this segment, with more than half in Tamil Nadu. Its emerging business, combining small business and housing finance, recorded a net profit of INR 212 crore on disbursements of INR 4,911 crore.Read more

7 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) has entered into an Agreement for Sale of Land with Kandhari Hotels Private Limited for the development of a three-star hotel in Amaravati. The company plans to invest around INR 80 crore to establish the hotel, which will enhance the city's hospitality facilities and serve visitors, business travellers, and institutions. APCRDA allocated 1 acre of land in Thulluru village for this project. Officials noted that such investments will support Amaravati's growth as an administrative and economic center while boosting tourism, employment, and the service sector.Read more

7 hours ago

Nitin Gadkari has advocated increased utilisation of municipal and legacy waste in road construction to reduce dependence on natural resources. Speaking at an event in New Delhi, he indicated that the government has already processed around 80 lakh tonnes of waste, including material from landfill sites such as Ghazipur landfill. The processed waste has been deployed in infrastructure projects including the Delhi-Mumbai Expressway and Delhi-Dehradun Expressway. The initiative is positioned as a step towards sustainable construction practices while addressing urban waste management challenges.Read more

8 hours ago

Maharashtra has become power surplus and is prepared to meet the rising electricity demand from industry and data centres. The state's electricity tariffs will remain stable while increasing the share of renewable energy. Industrial power consumption has grown 23% over the last three years, and the state accounts for nearly 60% of India's data centre capacity, with plans for an additional 4,500 MW in the next five years. Maharashtra aims to source over half of its electricity from renewables by 2030 and enhance grid stability through battery and pumped storage projects.Read more

8 hours ago

Tripura's Finance Minister, Pranajit Singha Roy, presented a tax-free budget of INR 34,212.31 crore for FY 2026-27, marking a 5.52% increase over last year. The budget anticipates a deficit of INR 240.72 crore while prioritising capital expenditure, projected at INR 8,945.92 crore, to boost infrastructure and employment. Key initiatives include digital transformation, rural development, and the establishment of a technical university, medical university, and women's university. Around INR 15,000 crore has been earmarked for tribal welfare, reflecting an inclusive approach despite resource constraints.Read more

9 hours ago

The Maharashtra Housing and Area Development Authority (MHADA) is planning to push redevelopment of several ageing housing layouts across Mumbai, Pune and Nashik to improve housing conditions and create additional supply in established urban areas. Many of these layouts are over four decades old and require redevelopment to upgrade infrastructure and living standards. At the same time, MHADA is working on a rental housing policy aimed at improving access to accommodation in cities. Strong response to housing lotteries and higher redevelopment premiums have improved the authority's financial position, enabling it to expand redevelopment and housing initiatives across Maharashtra.Read more

9 hours ago

Kalpataru Projects International Limited (KPIL) has added orders valued at INR 2,471 crore, including an underground metro rail project through a joint venture. The company has also received assignments in power transmission and distribution both domestically and overseas, as well as in the buildings and factories segment in India. With these additions, KPIL's total order book for the current financial year has reached around INR 22,000 crore, reflecting strong demand in urban infrastructure, T&D, and construction sectors. The company's performance indicates continued growth and sectoral buoyancy.Read more

10 hours ago

Go Residential Real Estate Investment Trust has entered into agreements to acquire two residential properties in New York 7 Dey Street and 409 Eastern Parkway for a total value of USD 439.6 million. The company indicated that the acquisitions are expected to be accretive to its annualized adjusted funds from operations per unit in the mid-single-digit range. Alongside the transaction, the REIT has also announced a concurrent trust unit offering and private placement to support funding. The move reflects continued interest among global REITs in stable rental housing assets in key urban markets.Read more

10 hours ago

Ecofy, a leading non-banking financial company focused on green finance, has raised INR 380.5 crore in equity to support its expansion in sustainable lending across rooftop solar, electric vehicles, and SME financing. The funding round included new participation from British International Investment (BII) and Finnfund Digital Access Impact Fund I (DAIF), alongside continued backing from existing investor Eversource Capital. With this capital infusion, Ecofy's capital adequacy ratio is expected to rise to around 50 per cent. In three years, the company has served over 1,20,000 customers in India.Read more

11 hours ago

The Leela Palaces Hotels and Resorts has announced the acquisition of an ultra-luxury resort in Coorg, expanding its presence in South India's leisure hospitality segment. The property, to be developed as The Leela Coorg Forest Sanctuary, is expected to open later this year and is located within the ecologically sensitive Western Ghats region. With proximity to key urban centres such as Bengaluru and Mangaluru, the project is positioned to attract high-end domestic and international travellers. The acquisition aligns with the company's strategy of investing in culturally and environmentally significant destinations while strengthening its diversified portfolio across India's established and emerging luxury tourism markets.Read more

Pune News Desk

11 hours ago

The cooperative department in Pune has dissolved the managing committee of a housing society in Lohegaon after it failed to provide documents requested by a member despite repeated directions from authorities. The complaint involved denial of access to financial and administrative records such as audit reports, account statements, and income-expenditure details. After reviewing the matter, the Deputy Registrar of Cooperative Societies removed all 18 committee members and placed the society under administrative supervision. The action highlights the legal obligation of cooperative housing societies to maintain transparency and provide records to members when formally requested.Read more

12 hours ago

Ares Commercial Real Estate Corp has amended its secured revolving funding facility to extend its maturity to the end of 2026, according to a recent regulatory filing. The move reflects the company's effort to strengthen its liquidity position and ensure continued access to capital amid evolving market conditions. Such extensions are typically aimed at improving financial flexibility and managing refinancing risks. The development comes at a time when real estate financing globally is seeing cautious lender sentiment, making long-term funding arrangements important for stability and ongoing operations.Read more

12 hours ago

Ezeefit Office Systems, part of Ezeefit Modular Furniture Pvt. Ltd., has introduced a dedicated e-commerce vertical, Modular Furniture Store, offering factory-direct modular office furniture across India. Designed for the modern hybrid workforce, the platform provides reconfigurable workstations, privacy booths, and storage systems that can be quickly assembled without on-site carpentry. Featuring ergonomic design, integrated power modules, and advanced cable management, the store emphasizes efficiency and flexibility. The initiative combines Ezeefit's manufacturing expertise with AI-driven digital tools, enabling businesses to plan, customize, and set up professional offices in hours rather than months.Read more

13 hours ago

The Maharashtra government has announced plans to develop a large IT park near the proposed Purandar international airport in Pune district. The project is expected to generate nearly one lakh jobs and support the expansion of the region's technology sector. The state government is considering around 1,500 acres of government land in villages such as Dive, Chambali and Kodit for the development. Officials said the project will move forward after land transfer formalities and cabinet approval. The proposed IT park is also intended to ease pressure on Pune's existing Hinjewadi IT hub.Read more

13 hours ago

Andhra Pradesh is moving ahead with plans to position itself as a key East-West cargo corridor. The Chief Minister has directed officials to start cargo handling operations at the newly built Mulapeta, Machilipatnam, and Ramayapatnam ports, aiming to route goods from inland states like Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra, Telangana, and Karnataka. With rail connectivity to the Kadapa steel plant and upcoming industrial townships near the ports, the state aims to boost trade and economic activity. Fishing harbours are also planned at regular intervals to strengthen the logistics network.Read more

14 hours ago

PNB Housing Finance has joined hands with India Mortgage Guarantee Corporation (IMGC) to enhance access to home loans for the affordable housing sector. Through this collaboration, PNB Housing will provide loans backed by IMGC's mortgage guarantee solutions, supported by a First Loss Default Guarantee structure. The move aims to help first-time and deserving homebuyers who may not qualify for traditional financing. IMGC has previously facilitated mortgage guarantees for over INR 44,000 crore, assisting more than 1,70,000 households across India. The partnership strengthens risk-sharing measures while promoting responsible housing finance.Read more

Mumbai News Desk

14 hours ago

Residents from western suburbs of Mumbai approached Mayor Ritu Tawde earlier this week to address concerns over pollution and noise from construction sites. Representing communities including Gulmohar, JVPD, Santacruz, Bandra, and Pali Hill, nearly 2,000 residents highlighted worsening air quality, excessive noise, and weak enforcement of construction norms. They urged the Brihanmumbai Municipal Corporation (BMC) to regulate construction hours, implement dust control measures, improve noise monitoring, and appoint a dedicated nodal officer to handle complaints. Their engagement reflects growing citizen demand for healthier and safer urban living.Read more

Mumbai News Desk

15 hours ago

The Mumbai Metropolitan Region Development Authority's attempt to lease a prime commercial plot in the Wadala Notified Area did not receive any bids despite strong development potential. The 10,860 sq m land parcel was offered on an 80-year lease with a reserve price of INR 1,629 crore and a permissible FSI of 10, allowing large-scale commercial development. The authority had extended the submission deadline twice to encourage participation, but the tender closed without response. The plot forms part of the broader plan to develop Wadala as a future commercial district similar to Bandra-Kurla Complex.Read more

15 hours ago

Prime Minister Narendra Modi recently launched and laid the foundation stone for infrastructure projects worth about INR 23,550 crore in Silchar, Assam, focusing mainly on road connectivity in the Barak Valley region. The key project includes the foundation stone for the INR 22,864 crore Shillong Silchar high-speed corridor, aimed at improving regional connectivity and reducing travel time. Another major initiative is the INR 565 crore elevated corridor on National Highway-306 within Silchar city. The projects are expected to reduce congestion, strengthen transport links with neighbouring northeastern states, and support trade and economic activity in southern Assam.Read more

Kochi News Desk

16 hours ago

The Bliss City project in Kakkanad, Kochi, is moving closer to development as Kochi Metro Rail Limited (KMRL) has started leasing portions of land to investors to accelerate the long-planned mixed-use township. Spread across about 31.43 acres near the district collectorate at Kunnumpuram, the project is designed to include commercial, retail, hospitality and institutional spaces. Authorities have already leased around 3.41 acres and expect construction to begin soon. The development is also planned as a non-fare revenue initiative for the Kochi Metro system while supporting Kakkanad's fast-growing role as an IT and administrative hub.Read more

16 hours ago

Citigroup has appointed Indran Thana as managing director and head of real estate for its investment banking business in the ASEAN region. Based in Singapore, Thana is expected to assume the role in June 2026. He joins from UBS, where he led the real estate, lodging and leisure sector across Asia. With earlier experience at DBS Bank, Maybank Investment Bank and Amanah Capital, Thana brings long-standing regional sector expertise. In his new role, he will report to Matthew Nimtz with a matrix reporting line to Ben Connolly, strengthening Citi's real estate advisory presence in ASEAN.Read more

17 hours ago

The Ulhasnagar Municipal Corporation (UMC) recently introduced a short-term relief initiative called Abhay Yojana to help residents clear pending property and water tax dues. The scheme offered a 100% waiver on penalty charges for taxpayers who cleared their outstanding dues during a four-day window ending March 16, 2026. The initiative was approved following a request from local MLA Kumar Ailani seeking relief for residents facing difficulties in settling tax arrears. Civic officials expect the scheme to encourage defaulters to regularize payments and improve municipal revenue collection needed for maintaining local infrastructure and civic services.Read more

17 hours ago

Sunsure Energy has raised INR 606.22 crore in debt financing from Aseem Infrastructure Finance Limited and RBL Bank to support multiple solar projects across Maharashtra and Uttar Pradesh. The funds will back over 242 MWp of solar capacity, producing around 300 million units of clean electricity annually and reducing nearly 230,000 tonnes of CO emissions each year. The projects will supply renewable energy to commercial and industrial consumers through long-term Power Purchase Agreements. The financing also marks the start of Sunsure Energy's project funding relationship with RBL Bank while strengthening its ongoing partnership with Aseem Infrastructure Finance.Read more

18 hours ago

The Gurugram district administration has convened a meeting with developers and resident welfare associations (RWAs) of several housing societies to review complaints related to structural safety and delays in implementing repair measures suggested in structural audit reports. Authorities have asked developers and RWAs to present action-taken reports and updates on pending repair work. The review follows multiple complaints from residents regarding cracks, water leakage and other building defects in residential societies. The administration is expected to assess compliance with safety recommendations and determine timelines for completing necessary structural repairs across affected housing projects.Read more

Patna News Desk

18 hours ago

The Patna Municipal Corporation (PMC) successfully recovered nearly INR 1 crore in property taxes from high-value defaulters in just two days through a concentrated enforcement drive. A six-member field team visited multiple city wards targeting property owners with dues exceeding INR 50,000. Measures included freezing bank accounts, prohibiting property sales, and seizing properties for noncompliance. Defaulters were notified via SMS and offered a one-time settlement scheme with interest and penalty waivers until the end of the month. The drive reflects PMC's continued focus on strengthening revenue collection and ensuring civic financial discipline.Read more

19 hours ago

The North Goa District Consumer Disputes Redressal Commission has instructed a developer to repair persistent water leakage in a flat and compensate the owner for damages caused. The resident's complaint detailed recurring seepage, false ceiling collapse, and ineffective prior repairs, which the builder had attempted but failed to permanently resolve. The forum directed the developer to complete the repairs within three months and awarded INR 25,000 to the resident for inconvenience and property damage. The case reinforces that builders are legally responsible for structural defects affecting livability.Read more

Kochi News Desk

19 hours ago

The Kerala State Housing Board has moved forward with the Marine Eco City project planned along Kochi's Marine Drive, appointing NBCC (India) Limited as the project management consultant for the first phase of the development. The initial phase, estimated to cost about INR 480 crore, will include a mixed-use residential and commercial tower on a 3.16-acre site within a larger 17.9-acre waterfront project area. The development will feature residential apartments, retail spaces, office floors and recreational facilities. The larger multi-phase project will also include hospitality infrastructure, convention facilities and additional residential towers.Read more

Bangalore News Desk

20 hours ago

The Enforcement Directorate has filed a prosecution complaint in a Transferable Development Rights (TDR) fraud case in Bengaluru, naming a director of Valmark Realty Holdings Pvt Ltd and 19 others, including former Bruhat Bengaluru Mahanagara Palike (BBMP) officials and brokers. The case originates from a 2019 Anti-Corruption Bureau FIR and involves the alleged fraudulent procurement and sale of Development Rights Certificates. Investigators stated that land records were manipulated and land already sold to third parties was falsely shown as eligible for TDR benefits. The alleged scheme generated illegal proceeds of about INR 27.68 crore.Read more

20 hours ago

Bajel Projects has secured an INR 700 crore contract from MSETCL to establish a 400/220 kV air-insulated switchgear substation at Saswad, Pune, along with connecting transmission lines. As part of the Bajaj Group, the company has long been active in power infrastructure, handling high-voltage transmission projects across India. This project aligns with Maharashtra's efforts to modernize its power grid and enhance electricity supply in both urban and rural areas. Analysts view such government-backed orders as crucial for EPC firms to expand their portfolios and demonstrate technical expertise.Read more

21 hours ago

The Uttar Pradesh Stamp and Registration Department has launched a comprehensive campaign to increase revenue before the financial year ends. The initiative prioritises registering unregistered properties under development authorities, government bodies, and housing councils, while clearing pending cases and recovering outstanding stamp duties. Projects in Gautam Budh Nagar, Meerut, Ghaziabad, Bareilly, Moradabad, Varanasi, and Gorakhpur are expected to contribute significantly. The department is also updating minimum property values and reviewing legal and infrastructure-linked cases to ensure timely collection and improved compliance.Read more

22 hours ago

Chandigarh Police's Economic Offences Wing arrested realtor Vikram Wadhwa in connection with the alleged diversion of around INR 116.84 crore from Chandigarh Smart City funds. Authorities said Wadhwa colluded with former IDFC First Bank manager Ribhav Rishi, routing government deposits through shell companies into real estate projects in Chandigarh, Mohali, Kharar, and surrounding areas. Investigations revealed missing fixed deposit receipts and unverified transactions worth INR 8.22 crore. Wadhwa and three other accused were brought from jail for questioning, while Wadhwa's legal team challenged the arrest procedure and sought custody clarifications.Read more

Noida News Desk

23 hours ago

Residents of La Residentia Society in Greater Noida West renewed their protests earlier this week, highlighting unresolved maintenance problems, including irregular water supply, frequent power outages, and malfunctioning lifts. Around 2,200 of the society's 3,256 flats are occupied, and families, including children and the elderly, gathered outside the builder's sales office seeking urgent intervention. Demonstrators also stressed poor upkeep of common areas and security lapses. They plan a peaceful sit in and a 10-day agitation camp during the upcoming Navratras to press for immediate attention and a responsive maintenance system.Read more

17 Mar 2026

The Telangana High Court recently suggested that the state government consider creating specialised tribunals to deal with disputes related to building permissions, illegal constructions, and municipal enforcement actions. The observation came during a hearing related to a building approval dispute in Kothapet in Medchal Malkajgiri district. The court noted that a rising number of such matters are directly reaching the High Court, adding to the case burden. A dedicated tribunal with judicial and technical members could help resolve these issues faster while allowing constitutional courts to focus on more complex legal matters.Read more

17 Mar 2026

The Thane Municipal Corporation (TMC) has introduced a scheme granting 90% relief on penalties for property tax defaulters, allowing them to pay only 10% of the penalty amount along with their pending taxes. This initiative aims to improve tax recovery ahead of the fiscal year-end, addressing arrears of around INR 308 crore, with penalties totaling INR 191 crore. Residents can pay online, at ward offices, or through a new WhatsApp and chatbot system. While it may ease financial burdens on defaulters, some on-time taxpayers have raised concerns about fairness.Read more

17 Mar 2026

Clean energy company ReNew Green Energy Solutions has raised USD 95 million (around INR 878 crore) in equity from a consortium led by LeapFrog Investments. The funds will support the expansion of its commercial and industrial (C&I) renewable energy platform. LeapFrog has committed USD 50 million directly, with the rest coming from co-investors Emerging Market Climate Action Fund and Carlyle AlpInvest. ReNew's portfolio includes 2.5 GW capacity, over 2 GW of which is commissioned, with 1.3 GW under long-term agreements with global companies like Microsoft, Amazon, and Google.Read more

17 Mar 2026

The Reserve Bank of India has announced a seven-day variable rate repo auction worth INR 1.5 lakh crore, scheduled for the coming week, with funds set to reverse after seven days. This move comes amid a surplus liquidity of around INR 2.08 lakh crore in the banking system. Since January 2026, the RBI has injected INR 3.5 lakh crore through open market operations. The central bank's continuous liquidity support aims to maintain stable overnight rates and ease pressures from upcoming tax outflows, including advance tax and GST.Read more

17 Mar 2026

Acrophyte Hospitality Trust has terminated the proposed sale of the Hyatt Place Memphis Primacy Parkway property in the United States. The decision marks a change in the trust's earlier plan to divest the hotel asset as part of its portfolio management strategy. While the company had previously explored selling the property, the transaction will no longer move forward. Acrophyte Hospitality Trust, listed in Singapore, continues to review opportunities to manage and optimise its hospitality assets across markets. The development reflects the trust's ongoing approach to evaluating its portfolio and adjusting plans depending on market conditions and strategic priorities.Read more