27 Jan 2026

Adani Ports and Special Economic Zone Ltd (APSEZ) is set to undertake the second phase of development of the Vizhinjam international seaport in Kerala at an estimated cost of around INR 16,000 crore. The announcement is expected during the inauguration ceremony of phase two, to be held on Saturday evening in the presence of Kerala Chief Minister Pinarayi Vijayan. The expansion is aimed at transforming Vizhinjam into the largest transhipment hub in the Indian subcontinent by adding 4.1 million TEUs to the port's existing capacity. Phase two will feature advanced automation, new berths, extensive dredging and reclamation works, and the construction of India's deepest breakwater, reinforcing Vizhinjam's strategic role in global maritime trade.Read more

27 Jan 2026

Realtors apex body CREDAI has urged the government to announce a National Rental Housing Mission in the upcoming Union Budget, proposing fiscal incentives for developers and tax relief for tenants to formalise and scale India's rental housing market. Citing rapid urbanisation and rising migrant inflows, the association said organised rental housing remains significantly underdeveloped, particularly in tier-I and tier-II cities. CREDAI has also reiterated its long-standing demand to revise the definition of affordable housing, including an upward revision of area norms and removal of the INR 45 lakh price cap, which it said no longer reflects market realities. Additionally, the body has sought an increase in the home loan interest deduction limit to INR 5 lakh from the current INR 2 lakh to support homebuyers.Read more

27 Jan 2026

Madhya Pradesh's Chief Minister Mohan Yadav presented the state's industrial growth and investment potential at the World Economic Forum in Davos, attracting global investor attention. He highlighted the state's renewable energy initiatives, including floating solar projects and solar pumps for 3.2 million farmers, along with affordable electricity. Yadav also noted the state's large land banks, central location, low unemployment, and youth employment programs. Discussions with the Maldives covered cooperation in tourism, fisheries, healthcare, and IT. A major MoU was signed with DP World to boost logistics and industrial investment.Read more

27 Jan 2026

Global corporations continued to anchor India's office leasing market in 2025, accounting for close to 60 per cent of total absorption across the country's seven key cities, according to JLL India. Overall office leasing rose by eight per cent year-on-year to 83.3 million sq ft, reflecting sustained expansion by multinational companies and Global Capability Centres (GCCs). Foreign firms alone leased nearly 48.6 million sq ft, with GCCs emerging as the dominant demand driver. Bengaluru remained the most preferred destination for overseas occupiers, supported by a deep talent pool and availability of Grade A office stock. Domestic firms also remained active, while flexible workspace operators increased leasing amid rising preference for managed office solutions.Read more

27 Jan 2026

PNB Housing Finance reported a 7.71% year-on-year increase in net profit for the third quarter of the 2025-26 financial year, with profit after tax reaching INR 520.55 crore for the period ending December. The company's total income for the quarter grew by around 9.1%, supported by sustained loan growth and stable operations, according to its regulatory filing. The housing finance firm also recorded steady expansion in its retail loan portfolio, bolstering net interest income, while asset quality indicators improved with a lower gross non-performing asset ratio. Despite the increase in profit, the company's share price experienced a notable decline after the results were announced, reflecting market reaction to the earnings release. PNB Housing Finance continues to focus on its core lending business as it navigates competitive pressures within the housing finance sector.Read more

27 Jan 2026

The widening of the 33km Chokak Ankali section of the Nagpur Ratnagiri National Highway is set to restart after land acquisition hurdles were cleared. A Gazette notification under the National Highways Act officially transferred the stretch to the National Highways Authority of India (NHAI), enabling construction to begin. District authorities confirmed that land evaluation will conclude shortly, and compensation will be paid within two months, following farmers demands for fair awards. This step addresses a major bottleneck that had stalled work for years, bringing the project closer to timely completion.Read more

Ahmedabad News Desk

27 Jan 2026

The income-tax department continued its search operations against two Ahmedabad-based real estate groups into a third day, widening the scope across multiple locations in the city. The action followed inputs suggesting large cash components in property transactions. Officials searched offices, project sites, residences, and premises linked to associates such as contractors and brokers. Documents, digital records, and financial details were seized for verification. The operation reflects ongoing scrutiny of unaccounted income in real estate deals, an issue that has drawn repeated attention from tax authorities in recent years.Read more

27 Jan 2026

GreenCell Mobility has raised USD 89 million (around INR 800 crore) in a mezzanine funding round led by the International Finance Corporation, British International Investment, and Tata Capital to scale its electric bus operations nationwide. Backed by Eversource Capital, the company currently runs over 1,200 electric buses and more than 270 charging stations. The new funds will support fleet expansion to 3,700 buses, strengthen charging infrastructure, and accelerate adoption under central government initiatives like the National E-Bus Programme and PM Seva E-Mobility, with deployments across Delhi, Madhya Pradesh, Andhra Pradesh, Bihar, and Puducherry.Read more

27 Jan 2026

AirAsia X is moving forward with a debt restructuring of USD 500-600 million after acquiring Capital's short haul aviation business. The consolidation merges seven AirAsia branded airlines under AirAsia X to simplify operations and strengthen finances. The airline plans to resume London flights, expand to Istanbul, and develop a hub in Bahrain. Fleet expansion with Airbus A321LR and A321XLR aircraft will support long haul growth. Near term targets include USD6 billion revenue, 20 percent EBITDA margin, and passenger loads above 80 percent, while pandemic era loans will be gradually repaid over the next few years.Read more

26 Jan 2026

AM Group, promoted by the founders of Greenko Group, has partnered with the Uttar Pradesh government to establish a 1-gigawatt AI and high-performance computing hub in Greater Noida, with a total investment of USD 25 billion. The project will be developed in phases, starting operations in 2028 and reaching full capacity by 2030. Designed to serve global AI workloads, the facility will house around 500,000 advanced chipsets and run entirely on carbon-free energy, supporting India's AI initiatives while creating jobs and attracting investment.Read more