18 Jan 2026

Indian Overseas Bank is set to raise INR 4,000 crore from the capital market this quarter, backed by Board approval. The funds will be mobilized through Qualified Institutional Placements, with the government's stake expected to dilute by 4 per cent. The bank's growth has exceeded earlier projections, achieving 24 per cent growth compared to the initial 13-14 per cent target. Its third-quarter net profit soared 56.2 per cent to INR 1,365 crore, supported by lower bad loans and stronger core business. Total income and business volumes also rose significantly, reflecting a robust performance.Read more

18 Jan 2026

The Punjab government has reduced reserve prices for unsold Greater Mohali Area Development Authority (GMADA) properties by an average of 22% to encourage sales. The move covers residential plots, commercial spaces, industrial parcels, institutional land, and hotel sites that remained unsold despite repeated e-auctions over the past five years. A committee of independent valuers reviewed and recommended the revised prices, which will remain effective for a year, with provisions for further reductions if properties continue to remain unsold. The initiative aims to align prices with market realities and revive real estate activity in the region.Read more

18 Jan 2026

The Ghaziabad Development Authority (GDA) has reduced the interest rate on its residential properties from 10.7% to 8.7%, bringing it in line with the State Bank of India's home loan rates. The move follows a state government directive and comes after the authority kept rates unchanged since 2018. GDA has also reduced the penalty for delayed EMI payments from 3% to 2%. The revised rates are expected to improve affordability and help clear 1,748 unsold housing units across multiple income categories.Read more

18 Jan 2026

The Municipal Corporation of Gurugram (MCG) intensified its property tax collection efforts in the last one and a half months of the fiscal year, raising INR 30 crore. This helped the civic body exceed its earlier annual target of INR 275 crore, with total collections reaching around INR 295 crore. Over 410 notices were issued to defaulters, and 55 properties were sealed for non-payment. Officials are now focusing on commercial activities in residential zones to increase compliance. The drive highlights MCG's efforts to strengthen revenue collection and enforce tax discipline.Read more

18 Jan 2026

Homegrown payment gateway PayG has received RBI approval to operate as an Offline and Cross-Border Payment Aggregator, completing its full suite of Payment Aggregator licences. This allows PayG to process online, in-store, and international digital payments through a single, RBI-compliant platform. The approval enables support for point-of-sale, QR-based, device-led, and cross-border transactions, helping businesses manage payments across channels and geographies seamlessly. The company said the milestone strengthens its regulatory standing and supports offline-first, export-oriented, and omnichannel businesses. Founded in 2020, PayG currently serves over 1,000 SMEs and 50 enterprise clients. The development positions PayG for its next growth phase as demand rises for integrated, secure, and compliant digital payment solutions across sectors.Read more

17 Jan 2026

The Indian Biogas Association has urged the central government to create a dedicated INR 10,000 crore fund to accelerate growth in the biogas and compressed biogas (CBG) sector. Ahead of the Union Budget, the association has sought higher capital subsidies, citing a sharp rise in project costs over the past decade. It has also recommended increasing the subsidy cap per plant and strengthening demand for by-products such as fermented organic manure through phased blending mandates in fertilisers. Additional proposals include carbon credit monetisation and green certificate mechanisms to improve project viability. The measures aim to attract private investment, support rural income generation, reduce fertiliser dependence, and position biogas as a key driver of India's clean energy and sustainable agriculture transition.Read more

17 Jan 2026

The Indian Micro-Fertilizers Manufacturers Association has urged the government to extend a uniform 5 per cent GST across all fertilisers notified under the Fertiliser Control Order and speed up refunds of excess input tax credits. While welcoming proposed GST reforms, the association said higher GST on raw materials continues to lock up working capital due to an inverted duty structure. It also called for a clear, time-bound refund mechanism to ease financial pressure on manufacturers. In addition, the body has sought a One Nation, One Licence system to replace state-wise approvals, reduce compliance costs, and improve ease of doing business. The proposed measures aim to strengthen the fertiliser sector, support manufacturers, and ensure timely availability of products for farmers.Read more

17 Jan 2026

U.P. RERA achieved record growth in 2025, with 308 real estate projects registered, up from 259 in 2024, and 84,976 units approved, marking a 22.5 percent increase over the previous year. Capital investment surged to INR 68,328 crores, a 53.5 percent rise, reflecting strong investor confidence. Growth was not limited to the NCR, with non-NCR districts like Lucknow, Mathura, Bareilly, and Agra seeing increasing projects. Religious cities such as Ayodhya, Varanasi, and Prayagraj also attracted significant investment. These trends highlight the success of U.P. RERA and government policies in fostering transparency, regional development, and investor-friendly conditions.Read more

17 Jan 2026

Industry body PHDCCI has recommended setting up a dedicated Green Bank or Climate Finance Facility to accelerate private investment in renewable energy, electric vehicles, energy efficiency, and other green technologies. Shared ahead of the Union Budget, the proposal aims to address funding gaps by offering blended finance, credit support, and risk-sharing for climate-focused projects. The chamber said such a facility could mobilise long-term capital through green bonds and attract global investors. Industry leaders also called for stronger disclosure norms to build confidence in sustainable finance. The recommendations come as India steps up clean energy and climate investments, with green finance seen as key to supporting low-carbon infrastructure, housing, and climate-resilient urban development.Read more

16 Jan 2026

Puravankara Ltd reported a 17 per cent rise in sales bookings to INR 1,414 crore in the third quarter of the current financial year, aided by steady demand for residential projects. Sales volumes rose to 1.49 million square feet, while average realisation increased to INR 9,500 per square foot. For the first nine months, bookings grew 9 per cent to INR 3,859 crore. The company also posted higher collections and continues to expand its presence across major Indian cities with a strong project pipeline.Read more