Mumbai News Desk

12 Feb 2026

Mumbai's residential property market achieved its highest-ever stamp duty collections for January, led by larger and high-value homes, even as total registrations declined compared to last year. The surge reflects stronger demand in mid-to-premium segments and growing end-user confidence, supported by ongoing infrastructure development and stable economic conditions. Suburban areas, especially western and central suburbs, continued to dominate registrations. Homes sized up to 1,000 sq ft remained the most popular, while luxury homes above INR 5 crore also saw increased interest, signaling a structural shift in buyer preferences.Read more

11 Feb 2026

Rajasthan is preparing to present its state Budget for 2026-27, which will be led by Deputy Chief Minister and Finance Minister Diya Kumari. This will mark her third consecutive Budget, aiming to cover all sectors and promote inclusive development. The state Assembly session began earlier this year with the Governor's inaugural address. Leaders have indicated that the Budget will focus on youth, farmers, women, and general citizens, reflecting the Bhajanlal government's continued emphasis on balanced growth and policies that address the needs of all sections of society.Read more

11 Feb 2026

The Andhra Pradesh government has waived stamp duty and registration fees exceeding INR 20 crore to support Bharat Petroleum Corporation Ltd's (BPCL) greenfield refinery and petrochemical complex near Ramayapatnam Port in Nellore district. The exemption covers the transfer of more than 600 acres from Andhra Pradesh Maritime Board to APIIC and then to BPCL. Under the state's Industrial Development Policy 4.0, BPCL is set to invest nearly INR 97,000 crore over several years. The project will receive multiple financial incentives, including capital subsidy and GST refunds, making it one of the state's largest industrial investments.Read more

11 Feb 2026

Knowledge Realty Trust has received bids worth INR 10 billion for bonds maturing in just over three years, offering a 7.5378% coupon. The bonds hold AAA ratings from Crisil and ICRA, and the issue includes a base allocation plus a greenshoe option. Other notable corporate bond deals included Cholamandalam Investment and Finance Company's 19-month AA+ rated bonds and Tata Capital's reissued AAA-rated 7.95% bonds. The trend indicates sustained investor interest in mid-term, highly rated corporate debt, reflecting confidence in stable returns and active participation in India's debt market.Read more

11 Feb 2026

IIFL Capital Services Ltd has received approval from SEBI to establish a wholly owned subsidiary at GIFT IFSC. The new entity will operate as a separate legal unit and carry out permitted financial and capital market activities, subject to further regulatory approvals where needed. The move is aimed at expanding the firm's international platform, facilitating cross-border investments and offering global investors access to Indian markets. IIFL Capital currently manages assets worth about USD 28 billion and has a presence across major global financial centres.Read more

11 Feb 2026

The Ahmedabad Municipal Corporation has approved the auction of six prime land parcels with a total base value of INR 528.38 crore across Motera, Chandkheda, Nava Vadaj, Bodakdev and Thaltej. The plots include both commercial and residential properties, with base prices aligned to prevailing market rates. The decision follows earlier land monetisation efforts by the civic body and is aimed at generating funds for municipal infrastructure and development works through a transparent auction process.Read more

11 Feb 2026

Adani Energy Solutions Ltd has secured long-term funding from a consortium of Japanese banks for its 950-km Bhadla Fatehpur HVDC transmission project, which will evacuate renewable energy from Rajasthan to the national grid. The 800 kV corridor, with a capacity of 6,000 MW, is scheduled for commissioning in 2029. Backed by MUFG and SMBC, and supported by Hitachi and BHEL for technology, the project highlights strong India Japan cooperation in green infrastructure and grid modernisation.Read more

11 Feb 2026

Singapore's largest bank, DBS Group, reported a 10% decline in fourth-quarter net profit, posting SGD 2.26 billion (USD 1.78 billion), below analysts estimate of SGD 2.55 billion. The drop was mainly due to weaker markets trading income and a fall in net interest margin to 1.93% from 2.15% a year earlier. Return on equity fell to 13.5%. Wealth management assets under management rose to a record SGD 488 billion. The bank maintained guidance for slightly lower profit in 2026 and declared higher dividends for shareholders.Read more

11 Feb 2026

Life Insurance Corporation of India (LIC) is reassessing its large real estate portfolio to improve rental income and overall returns. The insurer's properties, recently revalued at over INR 45,000 crore against a book value of around INR 16,000 crore, continue to generate modest yields of 3-4%. Instead of selling assets, LIC is focusing on better utilisation, including possible REIT-like structures. The strategy aligns with the insurer's stronger financial performance and its decision to defer entry into the health insurance segment for now.Read more

10 Feb 2026

The Reserve Bank of India has proposed allowing banks to lend to Real Estate Investment Trusts under defined prudential safeguards, marking a shift in its approach to real estate financing. The move follows a review of the regulatory framework for listed REITs and seeks to widen funding avenues for the sector. The RBI also plans to harmonise InvIT lending norms, deepen the corporate bond market through new derivatives, ease foreign exchange rules for authorised dealers, and remove the INR 2.5 lakh crore cap under the Voluntary Retention Route.Read more