3 minutes ago

Ethiopian Airlines has placed an order for six additional Boeing 787-9 Dreamliner aircraft, taking its total order to 26 planes scheduled for delivery from 2028. The move supports the airline’s plans to expand long-haul routes across Africa, the U.S., Europe and Asia, while also exploring new destinations such as Australia. Alongside fleet expansion, the airline is progressing with a USD 12.5 billion airport project in Bishoftu, expected to be Africa’s largest by 2030. The project has drawn interest from global lenders, including strong participation signals from U.S. financial institutions.Read more

18 minutes ago

UltraTech Cement has commissioned three cement grinding units in Shahjahanpur (Uttar Pradesh), Patratu (Jharkhand) and Visakhapatnam (Andhra Pradesh), taking its total capacity to over 200 million tonnes per annum (MTPA). The milestone positions the Aditya Birla Group company as the largest cement producer outside China. The expansion comes amid sustained infrastructure and construction demand across India. The company has outlined plans to scale capacity further to 240 MTPA by FY28 with an investment of INR 16,000 crore. UltraTech’s growth has been driven by a mix of organic expansion and acquisitions, with strong demand support from rural markets and large public infrastructure projects.Read more

Noida News Desk

48 minutes ago

The Noida Authority has approved the installation of noise barriers along a key elevated road to address rising sound pollution affecting nearby residential areas. The decision follows persistent complaints from residents over high traffic noise levels on the corridor. The intervention is part of a broader urban infrastructure response to environmental concerns linked to high-capacity road networks. The project will involve installation of acoustic panels along the stretch, aimed at improving liveability in adjoining neighbourhoods while maintaining traffic efficiency on one of the city’s busiest elevated corridors.Read more

1 hour ago

Agnico Eagle Mines Ltd has announced a series of acquisitions to consolidate gold assets in northern Finland, including deals to acquire Rupert Resources Ltd and Aurion Resources Ltd, along with a majority stake in a joint venture from B2Gold Corp. The transactions, valued at over USD 2.9 billion combined, will give the company control over a large land package in the Central Lapland Greenstone Belt. The consolidation is expected to create operational synergies and strengthen its position around the Kittila mine and the Ikkari gold project, enhancing long-term production potential in one of Europe’s key mining regions.Read more

1 hour ago

The Brihanmumbai Municipal Corporation (BMC) has approached the Maharashtra government to acquire 27,967 sq m of land to support the expansion of the Worli sewage treatment plant. The move comes as part of the city’s broader infrastructure upgrade to improve wastewater treatment capacity and meet tightening environmental standards. With rising population density and increasing sewage generation, the proposed land addition is expected to strengthen operational efficiency and support long-term urban sustainability goals.Read more

1 hour ago

Indian government bond yields are expected to remain stable, with market participants tracking upcoming state debt auctions and global developments, particularly US-Iran discussions. States are set to raise INR 169 billion through bond sales across varying maturities, adding supply pressure. Meanwhile, movements in crude oil prices continue to influence investor sentiment, given India’s dependence on imports. Although oil prices saw volatility due to geopolitical tensions, expectations of continued dialogue between the US and Iran are providing some stability. Swap rates also showed limited movement, reflecting a cautious and range-bound market outlook.Read more

2 hours ago

The Confederation of Indian Industry has suggested setting up a National Industrial Land Council on the lines of the GST framework to streamline industrial land governance in India. The proposal focuses on faster dispute resolution, uniform rules across states, and improved coordination between authorities. It also recommends a GIS-enabled national land bank, digital single-window clearance system, and standardised stamp duty structure. The aim is to reduce delays, improve transparency in land availability, and support quicker industrial investment decisions through a more structured and centralised approach.Read more

2 hours ago

India’s ports are transitioning into integrated logistics and industrial hubs, supported by capacity expansion, policy reforms and private sector participation, according to the Shipping Secretary. Addressing investors in Singapore, officials highlighted that cargo handling capacity has doubled over the past decade to 2,771 MTPA, with a target of 3,500 MTPA by 2030. The shift reflects a broader strategy to move beyond traditional cargo handling towards port-led industrialisation and supply chain integration. Initiatives such as public-private partnerships, shipbuilding expansion and green port development are driving this transformation. The development positions ports as key nodes in India’s trade infrastructure, aimed at improving efficiency, attracting global investment and strengthening manufacturing ecosystems.Read more

2 hours ago

State Council of China has outlined plans to expand the country’s services sector to 100 trillion yuan (USD 14.67 trillion) by 2030, focusing on demand-led growth, technology integration, and regulatory reforms. The policy emphasises strengthening business and consumer services while increasing financial support mechanisms, including wider adoption of services-sector REITs. With the sector already reaching 80.89 trillion yuan in the previous year, the move signals a strategic shift towards consumption-driven growth and reduced reliance on infrastructure-led expansion.Read more

3 hours ago

A group of global lenders is preparing to extend about USD 600 mn in financing for Brookfield’s 1.04 GW hybrid renewable energy project in India. The project is being developed through its Evren platform in partnership with Axis Energy and combines wind, solar, and battery storage to provide firm power output. Spread across Andhra Pradesh and Rajasthan, it has secured long-term power agreements, including a supply arrangement with NTPC Ltd. The financing adds to earlier domestic debt support and strengthens funding for large-scale renewable expansion.Read more

3 hours ago

L&T Finance has secured INR 5 billion through a bond issue with a tenure of five years and two months, attracting investor interest amid stable credit conditions. The company offered a coupon of 7.7942% and received bids recently after opening the issue for subscription. The bonds carry a top-tier AAA rating from Crisil and Care, indicating strong creditworthiness. The fundraising comes at a time when non-banking financial companies are actively tapping debt markets to manage liquidity and support lending growth, reflecting continued confidence from institutional investors.Read more

3 hours ago

Consolidated Grunenfelder Saady Holding (CGS) has secured a new project award from S2 Company for the management and development of land and real estate assets. The contract, valued at EUR 6.8 million, marks another addition to CGS’s project portfolio in the real estate segment. While detailed scope and timelines have not been disclosed, such mandates typically involve planning, execution and asset optimisation. The deal reflects continued activity in land development partnerships and highlights the role of specialised firms in managing real estate assets efficiently across markets.Read more

4 hours ago

Global clean energy generation exceeded electricity demand growth in 2025, with renewables accounting for over one-third of total power supply for the first time, according to Ember. Clean generation rose by 887 terawatt hours against demand growth of 849 terawatt hours, led by strong solar expansion in China and India. Solar alone met nearly three-quarters of incremental demand, while combined solar and wind generation accounted for almost all of it. Coal’s share fell below one-third of global generation, and fossil fuel output declined marginally. The report also highlighted rapid growth in battery storage, alongside declining costs, enabling better utilisation of solar energy. The shift indicates a structural transition in global power systems, with renewables increasingly meeting incremental demand.Read more

4 hours ago

Aditya Birla Capital is preparing to raise up to INR 7.5 billion through the reissue of its February 2029 bonds, including a greenshoe option of INR 5.5 billion, according to market participants during the past week. The issue, with an effective tenor of nearly three years, will see coupon rates determined through bidding. Rated AAA by CRISIL, the offering reflects continued investor appetite for high-grade corporate debt. The company has invited both coupon and commitment bids, with the transaction forming part of a broader pipeline of issuances that includes deals by Kotak Mahindra Prime and Triumph Composites in the domestic bond market.Read more

5 hours ago

The Maharashtra government has approved Mumbai Metro Line 5A (Phases I and II) with an investment of INR 18,130.55 crore, alongside borrowing for three expressway projects in Vidarbha and infrastructure works for the 2027 Nashik–Trimbakeshwar Kumbh Mela. The 34.21-km Metro corridor will connect Kapurbawdi, Bhiwandi, Kalyan and Ulhasnagar through 19 stations, aiming to improve regional connectivity and reduce travel time. The state has also cleared land acquisition funding for key expressways, including Nagpur–Gondia, Bhandara–Gadchiroli and Nagpur–Chandrapur corridors. Additionally, INR 1,063 crore has been approved for Phase II works related to Kumbh Mela infrastructure. The decisions reflect a broader push towards transport connectivity, urban mobility and large-scale infrastructure development across Maharashtra.Read more

5 hours ago

Brookfield-backed renewable platform Evren has secured approximately USD 600 million from a consortium of global lenders to fund a 300 MW firm and dispatchable renewable energy (FDRE) project across Andhra Pradesh and Rajasthan. The project, backed by a power purchase agreement with NTPC, integrates solar, wind and battery storage to deliver stable clean energy supply. Scheduled for commissioning in 2027, it is expected to generate around 2,400 GWh annually and offset over 1.5 million tonnes of CO emissions each year. The funding consortium includes Standard Chartered Bank, MUFG, SMBC, DBS Bank, Crédit Agricole CIB and BNP Paribas, reflecting increasing institutional interest in India’s hybrid renewable infrastructure.Read more

6 hours ago

Equitree Capital Advisors has launched the Equitree Emerging Opportunities Fund, a Category III Alternative Investment Fund registered under IFSCA regulations within the GIFT City framework. The fund, structured as an open-ended restricted scheme, will provide USD-denominated access to listed Indian small-cap equities for non-resident investors, foreign nationals, family offices and institutions. The firm is targeting a fundraise of USD 100 million over the next 12 to 18 months. The launch reflects growing use of offshore investment structures based in GIFT City to channel global capital into Indian equity markets, particularly in segments such as small-cap stocks that offer higher growth potential.Read more

6 hours ago

The Brihanmumbai Municipal Corporation (BMC) has directed an NGO to restore a Worli site to its original condition after unauthorised construction was carried out within a Coastal Regulation Zone (CRZ). The action follows violations linked to a beautification project undertaken without mandatory clearances. The civic body highlighted that prior approvals are compulsory under CRZ norms, and no post-facto permissions are allowed, reinforcing regulatory scrutiny over coastal developments.Read more

7 hours ago

Radisson Hotel Group plans to expand its India portfolio to 500 hotels by 2030, which is expected to generate between 65,000 and 80,000 jobs. The company currently operates over 200 properties and intends to drive growth primarily through upscale formats across tier I to IV cities, along with resorts and spiritual destinations. Around 55 per cent of upcoming projects will be in metro markets. The group is also focusing on skill development through institutional partnerships. While global geopolitical tensions have affected occupancy in certain regions, the India pipeline remains unchanged.Read more

7 hours ago

British Land has increased its earnings guidance after strong demand for office space from artificial intelligence and technology firms boosted rental growth across its London campuses. Leasing activity from companies such as Anthropic and the presence of global players like OpenAI have supported occupancy and pricing, offsetting weaker demand from traditional office users. The company also reported improved occupancy levels and steady performance across its key office assets. However, growth in retail and logistics segments has moderated compared to last year. The revised outlook reflects continued momentum in London’s emerging technology-driven office market.Read more

8 hours ago

Larsen & Toubro has entered into a long-term agreement with Japan’s ITOCHU Corporation to supply 3 lakh tonnes of green ammonia annually from its proposed facility in Kandla, Gujarat. The deal strengthens India’s position in the global green fuel supply chain and supports maritime decarbonisation efforts. The project is expected to position Kandla as a key export hub while advancing adoption of low-carbon fuels in international shipping markets.Read more

8 hours ago

The Odisha government has approved 18 investment proposals worth INR 3,877 crore, expected to generate employment for 7,565 people across 11 districts. The clearances were granted by the State Level Single Window Clearance Authority (SLSWCA), covering sectors such as advanced manufacturing, green industries, infrastructure, healthcare and tourism. Key districts include Khurda, Jajpur, Sambalpur and Sundergarh. Among the approved projects is a INR 210 crore defence manufacturing unit by Solar Industries India Limited in Deogarh, projected to create 910 jobs. The approvals also include multiple star hotel developments across key tourism districts, indicating continued focus on industrial diversification and regional economic expansion.Read more

9 hours ago

KEM Hospital in Parel is reviewing a proposal to construct a 42-storey tower with a helipad to address increasing patient pressure. The plan, revisited during a recent inspection by civic chief Ashwini Bhide, remains at an early stage due to heritage restrictions. The hospital’s Grade II-A status limits structural changes, making approvals complex. The move is part of ongoing efforts by the civic body to expand capacity at one of Mumbai’s busiest public hospitals, which continues to handle a high number of patients from across the state.Read more

9 hours ago

Australian equities closed largely unchanged as investors remained cautious amid uncertainty surrounding potential US-Iran peace talks. The benchmark index moved within a narrow range, reflecting subdued sentiment. Mining stocks saw slight declines, although Rio Tinto recorded gains after reporting improved iron ore sales and copper output. Energy and financial stocks also slipped, while technology and real estate sectors continued their recovery after earlier losses this year. In New Zealand, inflation remained steady at 3.1% in the first quarter, staying above the central bank’s target range and adding to regional economic concerns.Read more

10 hours ago

Manasum Senior Living plans to invest approximately INR 150 crore to develop a senior living project in Chennai, marking its continued expansion in India’s organised senior housing segment. The project, to be developed in collaboration with VNCT Global, will span 4.5 acres and include 92 villas and 36 apartments. Unit configurations range from sub-1,000 sq ft villas to compact 1BHK apartments, targeting independent senior residents. Alongside this development, the company has outlined a broader investment plan of INR 550 crore to expand its footprint across South and West India. The move comes amid growing demand for structured senior living communities, driven by demographic shifts, evolving family structures, and increasing preference for managed residential formats among ageing populations.Read more

10 hours ago

The Gurugram Metropolitan Development Authority (GMDA) is planning to develop around 3.5 km of service roads along the Southern Peripheral Road (SPR) to address rising traffic congestion and improve internal connectivity across key sectors. The proposed stretches between sectors 70–70A and 70–75 aim to segregate local traffic from through movement on the arterial corridor. The project is currently at the detailed planning stage, with approvals and tendering expected to follow. In parallel, complementary upgrades, including a missing road link and enhanced road infrastructure, are being pursued to strengthen connectivity between SPR and adjoining corridors such as Sohna Road. The initiative forms part of broader efforts to streamline urban mobility in Gurugram.Read more

Kochi News Desk

11 hours ago

NDR InvIT Trust has acquired two Grade-A warehousing assets in Kochi and Coimbatore for around INR 260 crore, adding nearly 0.79 million sq ft of leasable space to its portfolio. The fully operational assets are 100% occupied and come with a weighted average lease expiry of over five years, ensuring stable rental income. The acquisition strengthens the trust’s presence in high-growth South Indian logistics hubs, supported by rising demand from e-commerce, manufacturing, and third-party logistics players. With this transaction, the platform’s total operating area has expanded to nearly 23 million sq ft across multiple cities, reflecting continued institutional interest in India’s warehousing and logistics segment as a long-term yield-generating asset class.Read more

11 hours ago

Keppel Infrastructure Trust has increased the limit of its multi-currency debt issuance programme to strengthen its funding flexibility. The revised cap now stands at USD 2.36 billion, up from the earlier limit, enabling the trust to raise capital through notes and perpetual securities in multiple currencies. The move is aimed at supporting acquisitions, refinancing existing borrowings, and funding asset improvements. The programme is being managed with the support of major Singapore-based banks acting as arrangers and dealers, indicating continued institutional backing for the trust’s financing strategy.Read more

12 hours ago

The Municipal Corporation of Gurugram (MCG) has initiated a recovery drive against defaulters who have failed to clear fines imposed under the Graded Response Action Plan (GRAP), warning of property sealing and asset auctions. The action, announced in the past week, targets individuals and entities penalised for violating pollution control measures, particularly during periods of construction restrictions. Authorities have indicated that continued non-payment of challans will trigger enforcement measures, including sealing of properties and recovery through auction proceedings. The move forms part of a broader compliance push to strengthen enforcement of environmental regulations in Gurugram, where violations linked to construction and dust pollution have been a recurring concern.Read more

12 hours ago

The Andhra Pradesh government has introduced a 50 per cent reduction in vacant land tax (VLT) during the construction phase, aiming to accelerate building activity and ease cost pressures on developers and plot owners. The relief applies from the commencement of construction until the issuance of the occupancy certificate, subject to regulatory compliance. The policy follows amendments to municipal laws approved earlier this year and is expected to improve project viability, encourage timely completion, and enhance land utilisation across urban local bodies. Industry stakeholders have long flagged VLT during construction as a cost burden, and the move is expected to support housing supply, particularly in mid-income segments, while improving ease of doing business in the state’s real estate sector.Read more

Patna News Desk

13 hours ago

The Patna Metro depot near the New ISBT at Bairiya is approaching completion, marking a key milestone in the city’s urban transport infrastructure rollout. Spread across over 30 hectares, the facility will function as the primary operations and maintenance hub for the metro network. The depot will support train stabling, repair, testing and control functions for the priority corridor linking Patna Junction to ISBT. Its completion aligns with ongoing progress across the metro project, where sections are already operational and further expansion is underway. The development is expected to strengthen system readiness and improve execution timelines for future phases.Read more

13 hours ago

Indian Hotels Company Limited, part of the Tata Group, has completed the acquisition of a 51% stake in Brij Hospitality Private Limited for an investment of up to INR 222 crore. The transaction, executed through its subsidiaries, includes both share purchase and fresh capital infusion. With Brij now becoming a subsidiary, IHCL is expanding its presence in India’s growing boutique and experiential hospitality segment, aligned with rising demand for heritage-led and curated travel experiences.Read more

14 hours ago

New Zealand’s inflation remained steady at 3.1% in the first quarter, staying above the central bank’s target and coming in higher than expected. A stronger-than-forecast quarterly rise in consumer prices has increased the likelihood of a rate hike in the coming months. Electricity prices were the biggest contributor to inflation, while financial markets reacted with a rise in the New Zealand dollar and swap rates. Despite rising fuel costs linked to global tensions, a business survey indicated that overall inflation pressures across firms remain contained for now.Read more

14 hours ago

The Securities and Exchange Board of India has reduced the minimum investment threshold for individual investors in social impact funds to INR 1,000 from INR 2 lakh, aiming to broaden retail participation in the Social Stock Exchange. The change aligns with subscription norms for zero coupon zero principal instruments under existing regulations. The regulator has also introduced provisions allowing alternative investment funds to seek ‘inoperative’ status upon fund expiry. Additional relaxations include extending registration validity for not-for-profit organisations on the SSE and lowering minimum subscription requirements. Separate amendments to REIT and InvIT regulations were also notified as part of the broader regulatory update.Read more

15 hours ago

Honeywell has agreed to sell its productivity solutions and services (PSS) unit to Brady Corporation for USD 1.4 billion in an all-cash deal as part of its ongoing portfolio restructuring. The move aligns with Honeywell’s broader plan to simplify operations and focus on core segments ahead of its planned business split. While Brady expects the acquisition to boost earnings within the first year, analysts have raised concerns that the valuation may not fully reflect the unit’s long-term growth potential, particularly in the warehouse automation sector.Read more

15 hours ago

The Municipal Corporation of Delhi is working to secure environmental clearance for expanding the Tehkhand waste-to-energy plant to address rising waste generation. The plan aims to increase processing capacity from 2,000 to 3,000 tonnes per day and significantly boost power generation. The proposal is under review by the environment ministry’s expert panel, which has raised concerns around emissions and compliance. The expansion is part of a broader strategy to reduce landfill dependence and improve waste processing, alongside similar capacity enhancement underway at the Okhla facility.Read more

16 hours ago

Brookfield India Real Estate Trust has secured strong institutional backing for a INR 2,600 crore Qualified Institutional Placement (QIP), with participation from global and domestic investors including the International Finance Corporation and major insurance and fund houses. The capital raise, initially launched at INR 2,000 crore, was upsized following robust demand, reflecting sustained investor confidence in India’s Grade-A office assets. The proceeds are expected to be deployed towards acquisitions and debt reduction, strengthening the REIT’s balance sheet and expansion pipeline. This transaction also highlights growing institutional appetite for income-generating commercial real estate platforms, even as office leasing dynamics remain cyclical across key urban markets.Read more

Ahmedabad News Desk

16 hours ago

The Ahmedabad Municipal Corporation intensified enforcement against environmental violations by penalising multiple construction sites across the city. Action was taken against projects in areas such as Gota, Bodakdev and Chandlodia for failing to comply with dust control norms, including the absence of green nets and improper material handling. Penalties ranged from INR 25,000 to INR 2 lakh, with some sites also facing additional action for encroachments and road dumping. The move forms part of a broader push to curb construction-related air pollution and enforce compliance under the city’s Good Construction Practices policy. The crackdown highlights increasing regulatory scrutiny amid rising construction activity and air quality concerns in Ahmedabad.Read more

17 hours ago

Vedaanta Senior Living plans to invest around INR 200 crore in Kerala over the next three years as part of its expansion strategy in the senior housing segment. The company has launched a new project, Eden Gardens, in Ettumanoor near Kottayam with an initial investment of INR 50 crore. The development includes villas and apartments targeting senior residents, with prices starting from INR 76 lakh. The expansion builds on the company’s existing presence in Kochi and Guruvayur, reflecting growing demand for organised senior living communities in southern India.Read more

17 hours ago

Low-cost airlines in the United States are seeking temporary tax relief as rising jet fuel prices put pressure on their operations. The increase, linked to geopolitical tensions involving Iran, has already led to higher baggage fees, reduced flights and slower capacity expansion across North America. A group of budget carriers has approached lawmakers to suspend certain federal ticket taxes to ease cost pressures. Without intervention, airlines indicate that passengers may face higher travel costs. The situation also adds strain to financially weaker carriers like Spirit Airlines, which is already dealing with restructuring challenges.Read more

18 hours ago

Nipha Group has introduced its new agricultural machinery brand OneHorn as part of a broader strategy to scale operations across domestic and international markets. The Kolkata-based company aims to expand into 20 Indian states and 10 countries, including the US and select European markets, by the end of FY27. The move reflects a push towards mechanisation in India’s agriculture sector, particularly in regions with fragmented landholdings. Backed by investments of around INR 60 crore in the segment, the company is targeting rapid growth, with agri equipment revenues expected to rise from INR 60 crore to INR 100 crore in the near term. The initiative also focuses on building a strong distribution network, with a planned base of 20,000 channel partners.Read more

Bangalore News Desk

19 hours ago

Authorities in Bengaluru are preparing to introduce an online khata correction facility to simplify property record updates and reduce administrative delays. The initiative, led by the Greater Bengaluru Authority, will allow property owners to modify key details such as location and ward information without visiting civic offices. The reform is part of a broader push towards digitisation of land and property records, supported by automatic mutation systems and ongoing e-khata rollouts. Officials indicated that the system has already processed lakhs of applications, with strong daily usage. The move is expected to improve transparency, minimise errors, and enhance efficiency in property documentation, addressing long-standing bottlenecks in Bengaluru’s urban governance framework.Read more

20 hours ago

The Uttar Pradesh Real Estate Regulatory Authority has issued an advisory cautioning homebuyers against promotional schemes such as assured returns, fixed rental income, and pre-EMI offers, stating these lack legal validity unless explicitly included in RERA-compliant agreements. The regulator flagged a rise in misleading advertisements and warned that such practices could invite penalties under the Real Estate (Regulation and Development) Act, 2016. Buyers have been urged to rely on verified project details, invest only in registered developments, and ensure all commitments are documented within legally approved agreements. The move aims to strengthen transparency and protect consumers from financial risks associated with non-binding assurances.Read more

21 hours ago

JSW Steel has approved a 50:50 joint venture with South Korea-based POSCO to develop a 6 million tonne per annum (MTPA) integrated steel plant in Odisha. The project will be executed through Saffron Resources, a JSW subsidiary holding 887 acres of land. As part of the agreement, POSCO will invest INR 508.8 crore via share subscription. The proposed plant will focus on high-grade steel production, particularly for automotive and industrial applications, while strengthening technology access and manufacturing capabilities through this strategic partnership.Read more

23 Apr 2026

The Indian Air Force has initiated a court of inquiry following a hard landing involving a Sukhoi-30MKI aircraft at Pune Airport, which temporarily disrupted flight operations. The incident, attributed to a possible technical issue in the aircraft’s undercarriage, led to runway blockage and forced authorities to suspend operations overnight. As a result, 12 incoming flights were diverted and 73 services cancelled. Operations resumed the following morning after clearance and safety inspections. Investigations are examining multiple factors, including technical faults and landing parameters. The development highlights operational sensitivities at dual-use airports, where military and civilian aviation share infrastructure, often amplifying the impact of such incidents on commercial air traffic.Read more

23 Apr 2026

Canada’s housing starts recorded a decline in the past month, going against market expectations of an increase. Data released by the Canada Mortgage and Housing Corporation showed a 6 per cent drop compared to the previous month, with the annualised pace falling below economist estimates. The slowdown reflects a weaker-than-expected construction trend despite earlier momentum. The revised figures for the previous month were also highlighted, indicating that while activity had been stronger earlier, the latest data points to some moderation in residential development across the country.Read more

23 Apr 2026

Mumbai International Airport Limited has imposed a penalty of INR 10 lakh on AI Airport Services Limited after a ground handling incident led to damage of a Gulf Air aircraft at Mumbai airport. The incident occurred earlier this month when a detached dolly struck a parked aircraft, resulting in it being declared Aircraft on Ground (AOG). The airport operator cited reputational damage, revenue loss and operational disruption as key impacts. MIAL has also indicated it may seek additional compensation for losses arising from the incident, which affected airport operations and capacity utilisation.Read more

23 Apr 2026

Motilal Oswal Alternative Investment Trust and Motilal Oswal Asset Management Company have settled a regulatory case with the Securities and Exchange Board of India (Sebi) by paying INR 38.76 lakh. The settlement relates to alleged violations of alternative investment fund (AIF) norms, including the handling of defaulting investors, distribution practices and investor servicing deficiencies. Sebi observed that the AIF retained INR 8.69 crore from defaulting investors and that penal exit loads were not credited to schemes for the benefit of other investors. The regulator also flagged gaps in distributor oversight and an instance of incorrect investor classification. The entities resolved the matter through a settlement mechanism without admitting or denying the findings.Read more

23 Apr 2026

Egypt’s Talaat Moustafa Group has announced plans to develop a large mixed-use city named The Spine to the east of Cairo, with an investment of around USD 27 billion. The project will be developed in partnership with the National Bank of Egypt and structured as a Special Investment Zone alongside the developer’s existing Madinaty project. Spread across about 2.4 million square metres, it will include residential, commercial, hospitality, and green spaces. The development is expected to contribute significantly to Egypt’s economy through tax revenues and job creation.Read more

23 Apr 2026

Imperial Realty and Developments has introduced Auramah Valley, a luxury second-home project in Himachal Pradesh, targeting growing demand from high-net-worth individuals (HNIs) and non-resident Indians (NRIs). Spread across over 100 acres of pine forest, the development offers 2 to 5 BHK residences with freehold ownership and RERA approval. The project integrates residential, hospitality and managed services, including a boutique hotel and lifestyle facilities, reflecting a shift towards “parallel living” formats. The launch comes amid increasing preference for domestic second homes, driven by urban stress, lifestyle shifts and regulatory complexities in overseas markets. The developer aims to position the project as a fully serviced, long-term residential ecosystem within India’s emerging luxury mountain housing segment.Read more