3 minutes ago

Andhra Pradesh Chief Minister N Chandrababu Naidu has described the newly inaugurated Alluri Sitarama Raju International Airport at Bhogapuram as a major infrastructure asset that will drive economic development across north Andhra. The nearly INR 5,000 crore airport was inaugurated by Prime Minister Narendra Modi recently. Addressing a public gathering after the inauguration, Naidu said the project would significantly influence the region's future, drawing comparisons with the transformative impact of Hyderabad's Shamshabad Airport. He also acknowledged the contribution of local farmers who provided land for the airport, stating that their support had enabled the development of a key infrastructure project for the state.Read more

33 minutes ago

Banks, including public, private, foreign and cooperative lenders, have mobilised USD 27.99 billion through fresh Foreign Currency Non-Resident (Bank) deposits since the Reserve Bank of India introduced its US Dollar-Rupee Forex Swap Facility. The scheme, aimed at attracting foreign capital and strengthening the country's balance of payments, has led to a sharp rise in FCNR(B) deposits in less than two months. The government also informed Parliament about progress in banking access, payment fraud trends, Kisan Credit Card benefits and the Pradhan Mantri Mudra Yojana during responses to multiple questions.Read more

1 hour ago

Ospree Duty Free has expanded its airport retail network with the opening of duty-free stores at Navi Mumbai International Airport across both the Departure and Arrival terminals. The new outlets offer a range of imported spirits, luxury fragrances, fashion, cosmetics, electronics, watches and confectionery, catering to domestic and international travellers. The launch strengthens the company's footprint in the Mumbai Metropolitan Region (MMR), where it now operates at two airports. The expansion forms part of Ospree Duty Free's broader growth strategy across India's airport network, as it continues to increase its presence in major aviation hubs and enhance travel retail offerings.Read more

1 hour ago

Further rationalisation of the Goods and Services Tax (GST) for domestic hotels and restaurants could strengthen India's tourism sector by making travel more affordable and encouraging higher demand, according to SOTC Travel Managing Director and CEO Vishal Suri. While welcoming the government's earlier reduction in the tax collected at source (TCS) on overseas tour packages and the lower GST on hotel accommodation, Suri called for additional policy support through tax reforms, infrastructure investment and improved connectivity. He said India's travel market continues to remain resilient despite global uncertainties, supported by rising disposable incomes, expanding transport infrastructure and growing demand from Tier-II and Tier-III cities.Read more

04 Aug 2026

The Centre has advised state Real Estate Regulatory Authorities (RERAs) to grant a four-month extension to eligible real estate projects affected by disruptions arising from the West Asia conflict. Invoking force majeure provisions under the Real Estate (Regulation and Development) Act, the government said the recommendation aims to mitigate delays caused by supply chain disruptions, logistics constraints and material shortages. State RERAs will evaluate projects individually before granting any extension.Read more

04 Aug 2026

Former SEBI whole-time member Ananth Narayan has called for India to adopt a more market-driven approach to interest rates, arguing that freer interest-rate markets would reduce the Reserve Bank of India's need to intervene in the foreign exchange market. Speaking at an event in Mumbai, he said interest rates and currency markets are closely linked and should not be viewed separately. Narayan also highlighted concerns over fiscal practices followed by some states, while appreciating the Central government's efforts to improve fiscal discipline and manage the fiscal deficit.Read more

04 Aug 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has applied for Coastal Regulation Zone (CRZ) clearance for the proposed Thane Coastal Road 2 (TCR-2), a 7.13-km elevated corridor connecting Anand Nagar in Mulund East with Balkum in Thane. Estimated to cost INR 5,140.92 crore, the project is planned largely as a bridge on stilts and is expected to improve east-west connectivity, reduce congestion in Thane and integrate with several existing and proposed transport infrastructure projects.Read more

04 Aug 2026

Bank lending to industry recorded a strong year-on-year growth of 19.2 per cent in June 2026, supported by higher credit flow to large companies as well as MSMEs, according to the Reserve Bank of India (RBI). Overall non-food bank credit also saw healthy growth, while lending to agriculture, services and personal loans remained strong. Commercial real estate emerged as one of the key contributors to the expansion in services sector credit. The data reflects continued demand for financing across productive sectors of the economy, supported by broad-based lending across industries.Read more

04 Aug 2026

Stor-Age Property REIT has agreed to acquire a portfolio of 10 income-generating self-storage properties from Xtraspace Properties for a purchase consideration of R387.0 million. Alongside the acquisition, the company will also manage six additional Xtraspace facilities under a separate management agreement, creating a new source of recurring fee income. The transaction will strengthen Stor-Age's presence across South Africa's key metropolitan markets, while supporting its strategy of expanding both its owned property portfolio and third-party management business. The acquisition remains subject to regulatory approvals before completion.Read more

Mumbai News Desk

04 Aug 2026

Union Minister Piyush Goyal has said the government intends to complete the Bandra-Versova-Bhayander stretch of the Mumbai Coastal Road by December 2028, with March 2029 set as the outer target timeline. Goyal, who represents Mumbai in Parliament, made the statement earlier this week after reviewing progress on the project along with other infrastructure works, including a proposed desalination plant and the Madh-Versova Bridge. The Bandra-Versova stretch is progressing steadily, while construction on the Versova-Bhayander section has begun following the receipt of necessary approvals.Read more

04 Aug 2026

The Rajasthan State Industrial Development and Investment Corporation (RIICO) has received 449 online applications for 240 industrial plots under the 12th phase of its Direct Allotment Scheme. The plots span around 145 acres and are estimated to be worth around INR 195 crore. The application window ran from 15 to 28 July, with a lottery scheduled to allot plots that drew multiple applications. Locations receiving applications span several districts, including Jodhpur, Ajmer, Alwar, Balotra, Jaipur, Bhilwara and Kishangarh.Read more

04 Aug 2026

The Kasarvadavli-Kharbhav Creek Bridge, being implemented by the Mumbai Metropolitan Region Development Authority (MMRDA), is facing land acquisition delays at both ends of the alignment. On the Kasarvadavli side, land is being acquired through Transfer of Development Rights involving private properties, while on the Kharbhav side, acquisition is being handled by district authorities. Coordination between multiple agencies is slowing the process, with the project potentially delayed by up to a year even as construction work over the creek has already begun. The bridge will provide a direct road link between Ghodbunder Road in Thane and State Highway 48 near Kharbhav.Read more

04 Aug 2026

Bengaluru-based real estate developer Assetz Ltd has confidentially filed preliminary papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) expected to raise around INR 1,200 crore. The proposed listing would mark the company's debut on the public markets. While the confidential filing does not disclose details of the issue structure, valuation or financials, Assetz has appointed JM Financial, BofA Securities India and Motilal Oswal Investment Advisors as the book-running lead managers. The developer has built a sizeable residential portfolio in Bengaluru, backed by institutional investors, and is expanding its land bank and development pipeline while evaluating entry into the Mumbai Metropolitan Region (MMR).Read more

04 Aug 2026

Brookfield Infrastructure is exploring the potential sale of Canadian natural gas pipeline operator NorthRiver Midstream in a deal that could value the business at around USD 5 billion (approximately CAD 7 billion), according to Reuters. The company has been approaching potential buyers through investment bankers amid strong demand for energy infrastructure assets. While discussions are ongoing, no transaction has been finalised. Brookfield had acquired the assets that now form NorthRiver from Enbridge in 2018 for CAD 4.3 billion and is evaluating whether to monetise the business or continue expanding it.Read more

04 Aug 2026

The Central Bureau of Investigation (CBI) has filed a preliminary chargesheet in the Wadakkanchery Life Mission corruption case, naming six accused, including Swapna Suresh. The chargesheet was submitted before the Ernakulam Chief Judicial Magistrate Court in Kochi. The case relates to alleged financial irregularities in a housing project for flood survivors in Thrissur district, funded through a grant from the UAE Red Crescent. M Sivasankar, former Principal Secretary to the Kerala Chief Minister, named as an accused in the original FIR, does not figure in this preliminary chargesheet, with the CBI stating that investigation into his role continues.Read more

04 Aug 2026

A five-storey residential building collapsed in Maharashtra's Bhiwandi town late on Saturday, triggering a large-scale rescue operation by the National Disaster Response Force (NDRF), local fire brigade and civic authorities. Several residents were trapped beneath the debris when the structure gave way, with fatalities and injuries reported as rescue efforts continued through the night. Authorities have launched an investigation into the cause of the collapse, while officials continue to search for survivors and assess the structural safety of nearby buildings.Read more

04 Aug 2026

Property registrations in Mumbai Municipal Corporation (BMC) limits reached 13,824 units in July, marking a 10% year-on-year increase and the highest registration level for the month in the last 14 years, according to Knight Frank India. The growth was supported by sustained homebuyer demand across both primary and secondary housing markets. Industry experts said end-user demand remains healthy, particularly for projects by established developers. The latest performance follows a strong trend seen in recent months, highlighting continued buyer confidence in Mumbai's residential market despite a higher base.Read more

04 Aug 2026

The Central Bureau of Investigation (CBI) has registered a fresh case against Reliance Capital Ltd, its former chairman Anil Ambani and unknown public servants over an alleged INR 1,816.22 crore loss to the Employees' Provident Fund Organisation (EPFO). The case relates to investments made by EPFO in Reliance Capital's debt instruments between 2011 and 2015, which investigators allege were approved despite adverse financial indicators and regulatory concerns. The agency will examine the role of company officials, intermediaries and public servants in the alleged investment decisions.Read more

04 Aug 2026

Public sector lender Bank of Maharashtra (BoM) has reduced its home loan interest rate to 7 per cent from 7.1 per cent under a limited-period promotional campaign aimed at homebuyers. Alongside the lower lending rate, the bank has waived processing fees and documentation charges on home loans, lowering the overall borrowing cost for customers. The lender has also announced a car loan interest rate starting at 7.45 per cent under the same scheme. The initiative is intended to make retail financing more affordable by reducing upfront expenses as well as monthly equated monthly instalments (EMIs) for borrowers.Read more

04 Aug 2026

Park Group of Hospitals has expanded its presence in north India by launching The Medicity Hospital in Rudrapur, Uttarakhand. The 330-bed multi-super speciality facility is the group's first hospital in the state and is being positioned as the largest hospital in the Kumaon region. The expansion increases the group's presence to six states and aims to improve access to advanced tertiary and quaternary healthcare services in an underserved market. The hospital is equipped with modern medical infrastructure, specialised clinical departments and an experienced team of doctors to meet the region's growing healthcare needs.Read more

04 Aug 2026

The National Highways Authority of India (NHAI) plans to award 54 highway and expressway projects covering 2,442 km during the current financial year, with an estimated capital cost of INR 1.80 lakh crore. The proposed projects are spread across 13 states and will be executed under EPC, HAM and BOT models. The planned project pipeline is smaller than the previous financial year's target, reflecting a more selective approach. NHAI continues to play a major role in India's national highway development programme, contributing nearly half of the country's highway construction under the Ministry of Road Transport and Highways.Read more

04 Aug 2026

The National Stock Exchange of India (NSE) has completed the payment of INR 1,491.21 crore to the Securities and Exchange Board of India (Sebi) to settle the long-pending colocation and dark fibre cases. The exchange paid the remaining INR 714.74 crore after Sebi gave its in-principle approval to the revised settlement proposal. The development comes as NSE moves closer to its proposed initial public offering (IPO), for which it has already filed draft papers with the market regulator. The settlement is expected to remove a key regulatory hurdle before the public issue.Read more

04 Aug 2026

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY), a dedicated INR 5,070 crore scheme to accelerate floating solar power development across India. The initiative aims to add 5,000 MW of floating solar capacity along with 10,000 MWh of energy storage systems by FY 2030-31. The scheme will provide financial assistance for project development and feasibility studies while encouraging domestic manufacturing, reducing dependence on land for renewable energy projects, strengthening grid reliability, and supporting India's clean energy and climate goals.Read more

04 Aug 2026

Cube Highways Trust made its stock market debut after successfully completing its INR 5,000 crore Infrastructure Investment Trust (InvIT) public issue. The Trust became the first InvIT in India to transition from a privately listed platform to a publicly listed one. Its units listed at a premium on both the BSE and NSE and ended the day with gains of more than 3%. The public issue witnessed strong investor participation, reflecting confidence in the Trust's operational highway portfolio, stable cash flows and long-term growth strategy.Read more

04 Aug 2026

The Delhi High Court has sought the Enforcement Directorate’s (ED) response to a petition filed by Nayan Raheja, director and son of the chairman of Raheja Developers, seeking the quashing of a money laundering case registered in 2022. The case is linked to the alleged diversion of funds collected from homebuyers for housing projects that witnessed prolonged delays. The court has directed the ED to file its response and scheduled the matter for further hearing. The case stems from allegations involving around 4,600 delayed residential units and alleged misuse of homebuyers’ funds.Read more

04 Aug 2026

The Amarnath Yatra was suspended from the Bhagwati Nagar base camp in Jammu after persistent rainfall disrupted restoration work on the Jammu–Srinagar National Highway (NH-44), the pilgrimage's primary road link to Kashmir. Authorities halted the movement of fresh batches of pilgrims for the second consecutive day as repair work continued on the landslide-affected Ladha–Samroli stretch in Udhampur district. Continuous rainfall left sections of the highway muddy and slippery, preventing safe passage. Meanwhile, the Shri Amarnath Ji Shrine Board (SASB) shifted its registration and token distribution facilities from the Tawi Riverfront to the Bhagwati Nagar base camp. Around 4.5 lakh pilgrims have undertaken the pilgrimage so far, which is scheduled to conclude on 28 August.Read more

04 Aug 2026

Lodha Developers Ltd plans to generate nearly INR 10,000 crore over the next three to four years by monetising around 150 acres of land at its data centre park in the Mumbai Metropolitan Region (MMR). The company said the planned land sales form part of its long-term asset monetisation strategy and will help fund the expansion of its data centre business without increasing group leverage. Lodha currently owns around 660 acres within the data centre park, having already monetised approximately 130 acres in the first phase. The announcement comes as the developer reported record quarterly profitability and continued growth in residential sales, while also preparing to expand into the Delhi-NCR housing market.Read more

04 Aug 2026

Real estate industry bodies CREDAI and NAREDCO have welcomed the Union Ministry of Housing and Urban Affairs' advisory asking state Real Estate Regulatory Authorities (RERAs) to grant a four-month extension for eligible real estate projects affected by disruptions linked to the ongoing West Asia conflict. The advisory, issued under the Force Majeure provisions of the Real Estate (Regulation and Development) Act (RERA), seeks to address delays caused by shortages of construction materials resulting from global supply chain disruptions. Industry leaders said the measure would provide regulatory clarity, ease pressure on developers, help maintain construction quality and reduce the risk of litigation, while urging state regulators to implement the extension without delay.Read more

04 Aug 2026

India's historical legacy extends far beyond monuments, kingdoms and battles. Across centuries, several places emerged as centres of scientific discovery, higher learning and technological innovation that shaped not only the country but also the world. From the ancient universities of Nalanda and the surgical breakthroughs of Varanasi to the laboratories of Bengaluru, Kolkata and Mumbai, these locations became milestones in humanity's pursuit of knowledge. Their contributions continue to influence mathematics, medicine, engineering, nuclear science and modern technology, leaving a lasting impact on global civilisation.Read more

04 Aug 2026

Radisson Hotel Group plans to expand its India portfolio to 500 hotels by 2030, positioning the country as one of its key global growth markets. The hospitality chain is focusing its next phase of expansion on Tier II, III and IV cities, emerging commercial hubs, leisure destinations, religious tourism centres and hotel conversions. During the first half of 2026, the company signed 18 hotels and opened four properties, taking its operational portfolio to 142 hotels across 86 cities and its development pipeline to 98 hotels. The group expects stronger conversion of pipeline projects into operational assets over the next two years, supported by rising domestic travel, improving infrastructure and sustained investor confidence.Read more

04 Aug 2026

Prime Minister Narendra Modi inaugurated and laid the foundation stone for infrastructure projects worth nearly INR 18,000 crore in Andhra Pradesh, spanning aviation, semiconductors, renewable energy transmission and highways. The initiatives include the inauguration of the Alluri Sitarama Raju International Airport at Bhogapuram, a semiconductor manufacturing facility in Visakhapatnam, major power transmission infrastructure and several National Highway projects aimed at improving connectivity and supporting industrial growth across the state.Read more

04 Aug 2026

ESAF Small Finance Bank posted a net profit of Rs 80 crore for the quarter ended 30 June 2026, reversing a loss of Rs 81 crore in the corresponding period last year. Total income rose to Rs 1,346 crore from Rs 1,023 crore, while interest income grew 32 per cent to Rs 1,098 crore. Gross NPAs declined to 5.40 per cent from 7.48 per cent, and net NPAs fell to 0.83 per cent from 3.77 per cent. The bank's total business crossed Rs 50,000 crore for the first time during the quarter.Read more

04 Aug 2026

The Karnataka government has announced that residential plots allotted by state housing boards and development authorities will be reclaimed if allottees fail to construct houses within five years of taking possession. The decision aims to curb speculative land holding, ensure faster utilisation of residential land and make housing plots available to genuine homebuyers. Authorities will also monitor implementation through periodic reviews, with the policy expected to improve land use efficiency, accelerate housing development and discourage long-term vacancy across state-allotted residential layouts.Read more

04 Aug 2026

Holcim has raised its full-year 2026 guidance after reporting stronger-than-expected second-quarter financial results, supported by improving demand across its business and growing interest in low-carbon building products. The company said it is seeing more residential housing projects begin, particularly in Europe, where governments are introducing measures to address housing shortages. Holcim also reported higher sales and operating profit than market estimates and said the third quarter has started on a positive note. The revised outlook reflects the company's confidence in market conditions for the remainder of the year.Read more

04 Aug 2026

An interstate coordination committee to oversee the restoration of the Yamuna has emerged as one of the key recommendations in the Delhi Development Authority's (DDA) proposed river rejuvenation plan. The recommendation aims to improve coordination among states sharing the Yamuna basin while accelerating pollution control, wastewater management and ecological restoration efforts. The draft plan also calls for stricter timelines for infrastructure projects, enhanced governance mechanisms and integrated river management to revive the river across Delhi.Read more

04 Aug 2026

Allcargo Group has signed a Memorandum of Understanding (MoU) with the National Maritime Foundation (NMF) to promote research, knowledge creation and policy dialogue across India's maritime, logistics and supply chain sectors. The collaboration will bring together industry experts, policymakers and academic institutions to undertake joint research projects, organise conferences and workshops, and develop future-ready logistics solutions. The initiative also seeks to strengthen industry-academia engagement by supporting research scholars and contributing to India's long-term maritime and logistics development agenda.Read more

04 Aug 2026

Heavy rainfall triggered multiple landslides and erosion along the Kedarnath Highway in Uttarakhand's Rudraprayag district, disrupting vehicular movement and affecting connectivity to one of the state's most important pilgrimage routes. District authorities have launched restoration work, deployed machinery at affected locations and instructed officials to expedite road clearance. The administration is closely monitoring the situation while urging travellers to exercise caution as monsoon conditions continue across the Himalayan region.Read more

04 Aug 2026

Wyndham Hotels and Resorts, the world's largest hotel franchising company, signed 11 new hotels across India during the six months to June 2026. The expansion was attributed to growing owner confidence and the long-term potential of India's hospitality sector, supported by rising travel and tourism activity, expanding middle-class mobility, and steady domestic demand. The period also saw the opening of Ramada Encore by Wyndham in Ayodhya, extending the group's presence in pilgrimage destinations, alongside a new property in Nepal. Wyndham now has more than 150 hotels operating and under development across India.Read more

04 Aug 2026

Mumbai Port Authority (MbPA) has announced a stricter enforcement strategy against lease rental defaulters and unauthorised occupants across its Eastern Waterfront land parcels. The initiative seeks to recover pending dues, address lease violations and ensure better utilisation of port-owned land earmarked for future redevelopment. The move forms part of the Authority's broader efforts to strengthen land governance, improve revenue realisation and facilitate implementation of major infrastructure and waterfront development projects planned for Mumbai's eastern coastline.Read more

04 Aug 2026

India's residential market remained stable during the first half of 2026, with apartment sales rising 3 per cent year-on-year across the country's seven major cities, according to JLL India. Bengaluru emerged as the top-performing market, recording the highest apartment sales and a sharp increase in new launches. The city's strong employment base, expanding Global Capability Centres (GCCs), infrastructure upgrades and growing demand for premium homes continued to support residential activity. The report also highlighted a significant rise in demand for homes priced between INR 1 crore and INR 3 crore.Read more

04 Aug 2026

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) with a total outlay of INR 5,070 crore to develop 5,000 MW of floating solar photovoltaic projects integrated with energy storage systems. The scheme aims to utilise reservoirs and inland water bodies for clean energy generation while reducing dependence on land-based solar projects. It will provide financial assistance for project development and feasibility studies, strengthen grid reliability, support domestic manufacturing, generate employment, and contribute to India's renewable energy and climate goals over the coming years.Read more

04 Aug 2026

Uttar Pradesh's real estate sector recorded steady growth during the first half of 2026, with UP RERA registering more projects, higher proposed housing units and increased investments compared to the corresponding period last year. While Lucknow led in new project registrations, Gautam Buddh Nagar remained the largest market in terms of investment and proposed housing supply. The report also highlighted the state's consistent real estate growth over the past three years, along with UP RERA's efforts in consumer protection through refunds, dispute resolution and grievance redressal initiatives.Read more

04 Aug 2026

Andhra Pradesh has taken another step towards expanding its renewable energy sector with Tata Power and Suzlon beginning work on projects worth INR 5,750 crore in Kurnool and Anantapur districts. The developments include 400 MW solar and 400 MW wind power projects that are expected to create around 4,000 construction jobs and provide lease income to over 1,100 farming families. The state government said the projects reflect renewed investor confidence and support its long-term plan to build a large clean energy ecosystem with a target of developing 160 GW of clean energy capacity.Read more

04 Aug 2026

The Odisha government has placed its flood management machinery on high alert as the Mahanadi river system is expected to witness a medium flood following heavy inflows from upstream catchment areas. Authorities have activated emergency response measures, mobilised rescue teams and directed district administrations to closely monitor vulnerable locations. The state is also coordinating reservoir management and relief operations to minimise the impact on people living in low-lying areas along the Mahanadi basin.Read more

04 Aug 2026

Canadian convenience store operator Couche-Tard has announced plans to acquire Polish retailer Zabka in a deal valued at around USD 8.7 billion, making it the company’s largest acquisition to date. The transaction will significantly strengthen Couche-Tard’s presence in Central and Eastern Europe and nearly double its store network across the region. Backed by shareholders representing around 57% of Zabka’s share capital, the deal is expected to close by December 2026, subject to regulatory approvals and other customary conditions. The Zabka brand and franchise model will continue unchanged after the acquisition.Read more

04 Aug 2026

The Vigilance and Anti-Corruption Bureau (VACB) has closed its preliminary inquiry into allegations against Kerala Chief Minister Pinarayi Vijayan and Leader of Opposition V.D. Satheesan in connection with the Punarjani rehabilitation initiative launched after the 2018 floods. The agency stated that it found no evidence to substantiate allegations of misuse of foreign contributions or financial irregularities under the project. The closure brings an end to the vigilance examination initiated following complaints regarding the implementation of the rehabilitation programme.Read more

04 Aug 2026

NPCI International Payments Ltd (NIPL) and the Maldives Monetary Authority (MMA) have announced the successful launch of an integration between the Maldives' Favara instant payment system and India's Unified Payments Interface (UPI). Following the launch on Thursday, individuals in the Maldives can transfer funds in real time to UPI-enabled bank accounts in India. The service has begun with two participating banks, Bank of Maldives Plc and Maldives Islamic Bank Plc. Subsequent phases will introduce QR-based merchant payments and other cross-border digital payment services between the two countries.Read more

04 Aug 2026

A farming family from Penumaka village has voluntarily offered 5 acres of land under the Amaravati land pooling scheme for the development of Andhra Pradesh's capital city. The family submitted its consent documents to the Andhra Pradesh Capital Region Development Authority (APCRDA) at its Rayapudi headquarters in the presence of senior officials. The move comes as the state government continues efforts to accelerate Amaravati's development through voluntary land pooling. The family also appealed to other landowners in the capital region to cooperate with the authorities during the ongoing land pooling process.Read more

04 Aug 2026

The Maharashtra forest department has disputed Thane Municipal Commissioner Saurabh Rao’s claim that the ongoing INR 2,800 crore Transferable Development Rights (TDR) dispute arose because the department failed to challenge a Bombay High Court order within the prescribed time. Senior officials said the proposal to file a Special Leave Petition (SLP) remained pending with the state Law and Judiciary Department for nearly two months before the department decided to proceed independently. The dispute relates to a decades-old ownership battle over nearly 193 acres of land in Thane and has also attracted political attention due to the land's high value.Read more

04 Aug 2026

Razorpay, an Indian omnichannel payments platform for businesses, has been included in the 2026 edition of the World's Top Fintech Companies list compiled by CNBC and Statista, marking its fourth consecutive appearance. The company is one of eight Indian firms featured this year and has been recognised in the Payments category. The ranking evaluated more than 3,500 companies across over 50 countries and territories, with 500 companies making the final list. Razorpay serves businesses across India, Malaysia and Singapore, and was founded in 2014 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur.Read more