Mumbai News Desk

08 Apr 2026

Shreya Ghoshal and her parents have purchased a premium apartment in Mumbai's Worli for INR 29.70 crore. The unit is located in the Godrej Trilogy project and offers a carpet area of around 2,430 sq ft along with three parking spaces. The deal was registered recently and involved a stamp duty payment of about INR 1.78 crore. The transaction reflects steady demand for luxury housing in Worli, which continues to attract high-net-worth buyers due to its central location and connectivity.Read more

Mumbai News Desk

02 Apr 2026

Malaika Arora has rented out her apartment in Bandra West, Mumbai, for a total lease value of around INR 1.17 crore over a three-year period. The agreement starts at a monthly rent of about INR 3.10 lakh, with structured increases during the tenure. The deal was registered recently, as per official property documents accessed through the registration portal. The transaction reflects steady demand for premium rental homes in key Mumbai locations and highlights how high-value residential assets are being used to generate consistent rental income.Read more

Delhi News Desk

02 Apr 2026

Fair Exports (India) Pvt Ltd, part of Lulu Group International, has purchased a premium bungalow in Delhi's Sunder Nagar for INR 89.5 crore. The deal involved a stamp duty payment of INR 6.26 crore and reflects steady demand for ultra-luxury homes in Lutyens Delhi. The seller was based overseas, which slightly delayed documentation. The locality has seen several high-value deals in recent years, including transactions above INR 100 crore. Demand from high-net-worth individuals continues, supported by both investment potential and end-use requirements.Read more

Mumbai News Desk

31 Mar 2026

Actor Madhuri Dixit has leased a commercial office unit in Lower Parel, Mumbai, with a total rental commitment of approximately INR 2.81 crore over a five-year tenure. The transaction, registered recently, involves a 731 sq ft unit in a premium office development and includes a structured rental escalation of 5% annually. The agreement also comprises a security deposit of INR 17 lakh along with statutory charges. Located in one of Mumbai's key commercial micro-markets, the deal reflects sustained demand for Grade-A office assets despite evolving occupier dynamics. The transaction highlights continued interest from high-net-worth individuals in leasing premium commercial space within established business districts.Read more

Chennai News Desk

10 Mar 2026

South Indian actress Nayanthara and filmmaker husband Vignesh Shivan purchased a luxurious duplex apartment in Chennai's Poes Garden for INR 31.5 crore. The 14,369 sq ft property in the Legacy project spans the fourth and fifth floors and includes 5,308 sq ft of undivided land and eight covered parking spaces. Nayanthara owns 90% of the apartment, with Vignesh Shivan holding 10%. The acquisition follows their marriage in 2022 and growing pan-India film presence. Poes Garden remains a preferred enclave for celebrities and high-net-worth individuals, sustaining high property values.Read more

31 minutes ago

The Maharashtra government has signed an agreement with Tatya Saheb Kore Warana Co-operative Navshakti Nirman Sanstha Ltd to develop three pumped storage hydropower projects with a total investment of around INR 5,200 crore. These projects will add 1,100 MW of capacity and generate about 1,100 jobs. The move comes as the state prepares for rising power demand, especially from data centres. Officials highlighted that pumped storage will support grid stability and renewable energy use, while also contributing to long-term energy planning and employment generation across the state.Read more

Gurugram News Desk

3 hours ago

Gurugram has continued restoration and infrastructure improvement work following demolition drives carried out to remove illegal encroachments across several residential colonies. Authorities cleared ramps, boundary extensions, guard rooms and other unauthorised constructions that had reduced road width and affected movement in internal streets. After the removal process, agencies have started restoring damaged stretches, improving access roads and strengthening basic civic infrastructure. Monitoring systems are being reinforced to prevent re-encroachment, while residents have expressed mixed reactions over enforcement and the impact of the drive on long-standing structures.Read more

5 hours ago

The Karnataka government has revived the long-pending Intermediate Ring Road (IRR) project in Bengaluru, a 210 km corridor aimed at improving connectivity across the city’s peripheral growth zones. The project, originally proposed over a decade ago, will link 12 satellite towns including Devanahalli, Bidadi, Anekal and Hoskote. Now under the Bengaluru Metropolitan Region Development Authority (BMRDA), the revised plan seeks to address earlier land acquisition and legal challenges by reverting to the original alignment with modifications. A key strategy involves land pooling through developer-led relinquishment, reducing acquisition costs. The corridor will integrate with other major infrastructure projects such as the Satellite Town Ring Road and the Bengaluru Business Corridor, forming a broader mobility network to support regional expansion and decentralised urban growth.Read more

8 hours ago

A long-standing garbage dump near the Rapti river in Gorakhpur has been redeveloped into an eco park and urban forest, with the project scheduled for inauguration shortly. The initiative involved scientific disposal of over 2.26 lakh metric tonnes of legacy waste, freeing nearly 40 acres of land for redevelopment. Executed at a total cost of around INR 41.5 crore, the project also includes a four-lane road and supporting infrastructure. The redevelopment is part of a broader push towards urban environmental restoration, addressing pollution concerns while creating public green space. The site, previously associated with methane emissions and fire hazards, has now been converted into a structured recreational and ecological zone.Read more

8 hours ago

CBRE reported stronger-than-expected quarterly performance as rising demand from data centres supported leasing and facilities management activity. Growth in artificial intelligence-related infrastructure has contributed to renewed momentum in the commercial real estate sector, driving higher site acquisitions, construction work, and long-term leasing commitments. The company also posted solid revenue gains across its building operations and experience segment. Profitability improved significantly compared to the previous year, while revenue exceeded market estimates. Investor sentiment remained positive, with shares moving higher in premarket trading, supported by expectations of potential interest rate cuts later in the year.Read more

2 hours ago

The Delhi High Court has upheld the New Delhi Municipal Council’s decision to terminate Bharat Hotels’ licence for The LaLit hotel and revived a long-pending licence fee demand of INR 1,063.74 crore. The court found that the company violated key terms of the 1982 agreement by allowing unauthorised transfers within the commercial complex. It also set aside a 2023 single-judge relief order. The ruling directs the hotel operator to hand over possession within 90 days, strengthening NDMC’s position over public land use and compliance.Read more

3 hours ago

The Enforcement Directorate has carried out searches across multiple locations in Haryana and Punjab in connection with a money laundering case involving an alleged INR 145 crore fraud linked to fixed deposits of the Panchkula Municipal Corporation. The case originates from an FIR filed by the Haryana Vigilance and Anti-Corruption Bureau, which flagged embezzlement of civic funds held at a Kotak Mahindra Bank branch. Investigations have revealed a suspected nexus between bank officials, municipal staff and private individuals, with forged documents, unauthorised accounts and fund diversion routes being used to siphon and circulate public money.Read more

4 hours ago

Authorities have registered an FIR against four individuals for carrying out unauthorised construction on land earmarked for the expansion of the Noida International Airport. The action follows identification of encroachments on acquired land, where construction activity is prohibited after notification. Officials indicated that such violations could impact compensation eligibility and disrupt planned infrastructure development. The case highlights ongoing challenges in safeguarding land for large-scale infrastructure projects, particularly in high-growth corridors around the airport. The administration has taken enforcement measures to prevent further encroachments and ensure project timelines remain unaffected as the airport expansion progresses.Read more

6 hours ago

The pedestrian skywalk linking Noida’s Sector 51 and Sector 52 metro stations has been delayed by over a month due to design revisions and structural constraints identified during execution. The 420-metre, air-conditioned interchange facility, built at an estimated cost of around INR 40 crore, faced complications after a metro beam obstructing the entry point was not accounted for in the original design. Authorities are now reworking structural elements, including beam removal and alignment changes, to enable safe access. The project, which aims to provide seamless connectivity between the Aqua Line and Blue Line, has already missed multiple deadlines since construction began in 2023, affecting daily commuters relying on the interchange.Read more

7 hours ago

Adani Ports and Special Economic Zone Ltd (APSEZ) has reportedly secured approval from the lenders’ panel to acquire bankrupt Karanja Terminal & Logistics, marking another strategic move in its port asset expansion strategy. The resolution plan was cleared with 100% voting by the committee of creditors after rejecting a competing one-time settlement proposal. The asset, which has outstanding dues of over INR 625 crore, is undergoing insolvency proceedings. The acquisition, once finalised, will strengthen Adani Ports’ presence in western India and add to its portfolio of port infrastructure assets. The move aligns with the company’s broader strategy of acquiring stressed logistics and port assets through insolvency-led opportunities.Read more

1 minute ago

A recent EY-HICA report has suggested that the GST Council may consider lowering tax on household insecticides from 18 per cent to 5 per cent to improve affordability and strengthen preventive healthcare against vector-borne diseases. It highlights that products like coils, aerosols, and liquid vapourisers remain essential for household-level protection in India, where disease exposure is uneven. The report notes that higher taxation impacts access for vulnerable groups and calls for alignment with essential hygiene products. It also highlights rising market demand and strong urban and rural penetration of these products.Read more

2 hours ago

The Municipal Corporation of Chandigarh has announced a rebate on property tax for the current financial year to encourage timely payments. Residential property owners can avail a 20% rebate, while commercial properties are eligible for a 10% discount if dues are cleared by May 31. The civic body has also outlined deadlines for offline payment modes and warned of penalties after the due date. Property tax continues to be a key revenue stream, supporting essential civic services and infrastructure development across the city.Read more

6 hours ago

Bengaluru’s city corporations have initiated a stricter recovery mechanism for unpaid property taxes, with plans to acquire properties of chronic defaulters after repeated enforcement measures failed. The move comes amid mounting arrears exceeding INR 500 crore across more than 1,000 properties. Authorities indicated that conventional recovery methods such as notices, attachment and auctions have seen limited success, prompting civic bodies to consider purchasing defaulted properties at notified prices. The step is intended as a last-resort mechanism to recover long-pending dues, including penalties and interest. Any surplus from the transaction will be returned to property owners. The decision reflects increasing pressure on urban local bodies to improve revenue collections and enforce compliance.Read more

27 Apr 2026

The European Union, along with partner financial institutions, has launched the Global Green Bond Initiative Fund to mobilise up to EUR 20 billion (USD 23.43 billion) in private capital for sustainable infrastructure projects across low- and middle-income countries. The fund will prioritise investment in the least developed nations, with at least 20% of allocations directed there through euro-denominated and local currency bonds. Managed by French asset manager Amundi, the initiative aims to support climate-focused projects such as renewable energy while also strengthening local capital markets and expanding the international use of the euro.Read more

27 Apr 2026

The International Finance Corporation (IFC), part of the World Bank Group, has set a target to increase its annual investments in India to USD 10 billion by 2030, with a focus on renewable energy, urban infrastructure and financial services. Investment levels in India have already risen to around USD 5.4 billion in financial year 2024/2025, compared to about USD 1.3 billion in financial year 2021/2022. India remains IFC’s largest global market with a portfolio of nearly USD 10.3 billion as of the financial year ended June 2025. The institution is also exploring municipal bond-led urban financing models.Read more

Mumbai News Desk

27 Apr 2026

The Dharavi Redevelopment Project is set to provide larger rehabilitation homes to residents of chawls and formal buildings within the notified area. Around 8,700 households are expected to benefit, with flat sizes ranging from 500 sq ft to 754 sq ft. The proposal follows directions from the state government to improve living standards beyond earlier norms. Amendments to planning regulations have been initiated and opened for public feedback. While the move is seen as a step forward, residents continue to raise concerns around relocation, clarity on execution and eligibility criteria.Read more

27 Apr 2026

Larsen & Toubro has secured a contract from Oberoi Realty to construct seven high-rise residential towers in Gurugram, marking another addition to its residential portfolio. The order has been awarded to the company’s buildings and factories business vertical, which is also executing multiple domestic projects. Among them is a proving ground facility in Haryana for an international client, aimed at strengthening vehicle testing infrastructure. While the financial details remain undisclosed, the development highlights continued activity in high-rise housing and specialised infrastructure projects across India’s construction sector.Read more

27 Apr 2026

Real estate developers acquired nearly 900 acres of land for around INR 18,000 crore during the January–March quarter, reflecting sustained demand for residential and commercial projects, according to JLL India. The momentum follows a record 2025, when over 3,093 acres were transacted across 149 deals worth INR 54,818 crore, marking a 32% annual increase. Activity remained concentrated in metro and tier-II cities, with Mumbai recording the highest-value deal in the recent quarter. Industry executives indicated that while land buying remains strong, project execution will require substantial external funding, estimated at INR 52,000 crore. This has opened opportunities for alternative investment funds and private credit players to address financing gaps amid tighter bank lending conditions.Read more

26 Apr 2026

Dharampal Satyapal Group outlined an expanded climate action strategy during the past week, aligning its operations with India’s updated Nationally Determined Contributions (NDCs). The company is developing a comprehensive greenhouse gas (GHG) inventory for FY2024–25, covering Scope 1, Scope 2 and relevant Scope 3 emissions across its value chain. The initiative focuses on decarbonisation, resource efficiency and sustainable sourcing, supported by renewable energy adoption and circular economy practices. The strategy also introduces climate-risk evaluation for future investments. With operations spanning multiple sectors, the move reflects increasing integration of sustainability metrics into corporate decision-making and governance frameworks within India’s industrial ecosystem.Read more

26 Apr 2026

Sattva Group, in partnership with Knowledge Realty Trust and rePurpose Global, has launched a three-year Karnataka Zero Waste Initiative aimed at strengthening waste management systems along the state’s 320 km coastline. The programme targets recovery of 4.5 million kg of waste, integration of 50 coastal villages into formal systems, and connection of over 80,000 households. It also includes livelihood support for 200 waste workers through training and safer working conditions. With plastic accounting for nearly 60 per cent of coastal litter, the initiative focuses on structured, community-led waste handling, improved segregation and processing, and reduction of land-to-sea waste leakage. Implementation will be led by rePurpose Global with support from CARPE, combining operational execution with research-led methodologies.Read more

27 Apr 2026

CIDCO has proposed an Integrated Logistics Park (ILP) spanning around 374 hectares in Navi Mumbai to strengthen the region’s position as a national logistics hub. The project will be developed near Chirle Village in Pushpak Node and will include core infrastructure, utilities and social amenities. The initiative is backed by Navi Mumbai’s proximity to JNPA port, the upcoming Navi Mumbai International Airport, and connectivity through major infrastructure such as the Mumbai Trans Harbour Link and Dedicated Freight Corridor. CIDCO has initiated the pilot phase by inviting bids for 12 plots. The development aligns with rising demand from e-commerce, manufacturing and trade, and aims to create a structured logistics ecosystem to improve cargo movement and attract investments.Read more

27 Apr 2026

Shadowfax Technologies has launched ‘Shadowfax 360’, a self-serve digital logistics platform aimed at small and medium enterprises (SMEs) and direct-to-consumer (D2C) brands. The platform enables businesses to begin shipping operations within minutes without technical integration or minimum order commitments. It provides access to Shadowfax’s network spanning over 15,000 pincodes across more than 2,500 cities, along with features such as flat-rate pricing, AI-led return risk assessment and e-commerce integrations. The move is part of the company’s strategy to diversify beyond large enterprise clients and expand its merchant base among early-stage and online-first businesses, while improving logistics accessibility and efficiency across the digital commerce ecosystem.Read more

24 Apr 2026

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

Kochi News Desk

24 Apr 2026

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

23 Apr 2026

The Ministry of Micro, Small and Medium Enterprises has partnered with NICDC Logistics Data Services Limited to improve logistics efficiency through better data access. The collaboration will enable integration of logistics data with MSME systems using API-based technology, helping businesses track freight movement and plan operations more effectively. The initiative aims to reduce delays, optimise costs and support informed decision-making. It also aligns with ongoing government efforts to digitise supply chains and address structural challenges such as high logistics costs and fragmented systems impacting MSME growth.Read more

1 hour ago

Chalet Hotels Limited has approved the acquisition of Seasons Hotels Private Limited, the owner of the 144-room Inder Residency Resort & Spa in Udaipur, for INR 171 crore. The deal will be completed through phased purchase of 100 per cent equity shares and is expected to close by May 15, 2026 or a mutually agreed date. This move marks the company’s entry into the Udaipur market and aligns with its strategy to expand its leisure hospitality portfolio across different regions. The property is planned for upgradation and possible expansion in the future.Read more

27 Apr 2026

IHG Hotels & Resorts has signed a management agreement with Thanishq Grande Hotels & Resorts to develop a 200-key Holiday Inn property in Sriperumbudur, Tamil Nadu. The hotel is scheduled to open in the first quarter of 2029 and will cater to growing demand in a key industrial and commercial hub. The signing marks the third collaboration between the two companies, reflecting continued expansion of IHG’s midscale brand portfolio in India. The company currently operates 51 hotels across six brands in the country and has a pipeline of 89 additional properties planned over the next three to five years, indicating sustained growth in India’s hospitality and commercial real estate sectors.Read more

25 Apr 2026

Gautam Buddha University will host a two-day national conference titled “The Nexus Imperative: Environment, Public Health and Policy for a Sustainable Future (EHP Nexus 2026)” later this week in Greater Noida. Supported by Indian Council of Social Science Research, the event will bring together researchers, policymakers and industry stakeholders to discuss climate change, circular economy, ESG and sustainable development. With over 100 research paper abstracts expected, the conference will focus on interdisciplinary solutions and the “One Health” approach linking environmental and public health systems.Read more

25 Apr 2026

SOTC Travel has expanded its retail footprint in North India with the launch of two new franchise outlets in Bareilly and Noida, Uttar Pradesh. The move forms part of the company’s strategy to strengthen its presence across high-growth Tier I and II markets, targeting both emerging and affluent consumer segments. While Bareilly offers access to first-time and aspirational travellers, Noida provides a strong base of corporate and high-income customers with established outbound travel demand. The outlets will operate under an omnichannel model, offering a range of domestic and international travel services. The expansion reflects growing demand for experiential travel, including luxury, adventure and spiritual tourism, particularly among families, professionals and younger travellers.Read more

24 Apr 2026

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

24 Apr 2026

Aurum PropTech Limited reported crossing the INR 500 crore annualised recurring revenue (ARR) mark during the past quarter, alongside delivering its second consecutive profitable quarter. The company’s total income rose 72% year-on-year in Q4 FY2026 to INR 135 crore, while profitability metrics improved significantly with a positive PBT margin of 2.5%. For the full financial year, income increased 49% to INR 424 crore, with margins narrowing losses. Growth was supported by acquisitions, including PropTiger, and expansion across distribution and rental segments. The company also secured a Small and Medium REIT licence, strengthening its position in India’s evolving real estate investment ecosystem.Read more

14 Apr 2026

Qlik has partnered with ServiceNow to help enterprises integrate data insights into workflows and AI-driven processes, aiming to improve decision-making and efficiency. The collaboration enables businesses to combine data from multiple systems such as ERP, CRM and supply chains to gain a unified operational view. By connecting analytics with workflows, companies can identify patterns, respond faster and make informed decisions in real time. The integration also supports growing demand for AI solutions within existing business environments. As organisations expand AI adoption, the partnership highlights the importance of linking data, insights and actions to drive smarter enterprise operations.Read more

16 Mar 2026

India's real estate sector is steadily moving from traditional practices to a technology-driven ecosystem, with the PropTech segment projected to reach about USD 3.79 billion to USD 4.29 billion by 2030. In this evolving environment, PropTech Pulse has positioned itself as a knowledge-focused digital platform aimed at improving transparency and decision-making in property transactions. The platform combines data tools, market insights, verified listings, and financing assistance to support developers, investors, lenders, and homebuyers. By prioritizing access to verified information and educational resources, the platform seeks to address long-standing trust issues that have affected India's property market for decades.Read more

23 Feb 2026

As property transactions continue to rise across Tamil Nadu, Chennai-based proptech platform LandLens has positioned itself as a due diligence tool aimed at identifying land and property risks before purchase decisions are finalised. Developed by Verified.RealEstate, the platform integrates land records, zoning regulations, environmental indicators and infrastructure constraints into a single digital interface. Industry experts note that many real estate disputes arise not from lack of data but from fragmented information spread across departments, making holistic assessment difficult for buyers. Recent cases involving temple land claims, coastal regulation restrictions and environmental compliance issues have reinforced the need for early verification. LandLens seeks to address this gap by structuring public data into actionable insights, supporting buyers, investors and developers in making informed property decisions before financial commitments are made.Read more

23 Feb 2026

OpenAI and JioHotstar have partnered to integrate streaming recommendations into ChatGPT, enabling users to receive direct links to shows, movies and live sports available on the platform. Entertainment-related queries on ChatGPT will now feature contextual suggestions from JioHotstar's catalogue. The collaboration also introduces a ChatGPT-powered voice discovery feature within the JioHotstar app, allowing users to search by mood, intent or context using natural voice prompts. The companies said the integration aims to simplify content discovery and personalise viewing experiences. The move highlights the growing role of artificial intelligence in reshaping India's digital streaming and media landscape.Read more

26 Apr 2026

The Union government has generated over INR 4,000 crore from scrap disposal over the past five years, highlighting the economic potential of recycling within India’s circular economy framework. Speaking at a global symposium on resource efficiency, Minister Jitendra Singh stated that recycling is emerging as a key growth driver for startups and MSMEs, moving beyond large industrial players. Policy measures such as the Extended Producer Responsibility (EPR) framework and revised Solid Waste Management Rules, effective from earlier this month, are strengthening compliance and digital monitoring. With participation from around 75,000 producers and 5,000 recyclers, the circular economy is increasingly influencing sectors including infrastructure, manufacturing and energy, supported by industry collaborations and pilot projects across key material streams.Read more

15 Apr 2026

Shri Narendra Modi and Donald Trump held a discussion on the West Asia crisis, focusing on ensuring the Strait of Hormuz remains open amid rising global energy concerns. The conversation, held in the past week, also covered progress in India US bilateral ties. US officials indicated that several big-ticket agreements, particularly in the energy sector, are expected to be finalised in the coming weeks. The development comes against the backdrop of tensions involving Iran and disruptions to global shipping routes. Both countries are also preparing for upcoming diplomatic engagements, including a planned visit by senior US officials to India, signalling continued efforts to stabilise and strengthen bilateral relations.Read more

14 Apr 2026

Escalating conflict in West Asia could push up to 2.5 million Indians into poverty and impact economic stability, according to a UNDP report. Rising fuel prices, higher freight costs and supply disruptions are reducing purchasing power, increasing food insecurity and straining public finances. India's strong dependence on the region for oil, fertilisers and trade makes it vulnerable to these shocks. Export delays, rising input costs and risks to the Kharif season may affect businesses and agriculture. Remittances from Gulf countries could also slow, impacting incomes, while job risks rise across key sectors, highlighting growing pressure on supply chains and economic resilience.Read more

14 Apr 2026

India has granted a one-time exemption for four vessels carrying Iranian crude to dock at Gujarat's Sikka port, following a request from Reliance Industries. The move comes after the US temporarily eased sanctions on Iranian oil trade to stabilise global prices amid supply disruptions in the Strait of Hormuz. India has not imported Iranian oil since 2019, making this a notable development. The permitted vessels, all older and under sanctions, have bypassed standard maritime requirements. The development reflects shifting global energy dynamics as India explores options to secure crude supplies while adhering to regulatory frameworks.Read more

13 Apr 2026

The Jammu and Kashmir government has set up a vacuum bag-based wool collection centre in Rajouri to improve wool handling and support local sheep breeders. The district produces around seven lakh kilograms of wool annually, but limited infrastructure has affected market access, especially for the Bakerwal community. The new facility uses vacuum technology to compress and protect wool, making storage and transport more efficient. Additional measures include distributing shearing machines and promoting farmer producer organisations to establish processing units with government support. The initiative aims to strengthen the supply chain and improve income opportunities for wool producers in the region.Read more

1 hour ago

Digital Realty Trust has revised its annual revenue and core funds from operations (FFO) outlook upwards, supported by sustained demand for data center infrastructure driven by artificial intelligence adoption. The company saw investor interest rise, with its shares gaining more than 2.5% in extended trading following the update. Growth in cloud computing, AI workloads, and enterprise digital transformation has strengthened occupancy and leasing activity across its global portfolio. The company also reported stable quarterly performance in line with expectations, while its adjusted FFO surpassed estimates, reflecting operational strength and improving demand conditions across key international markets.Read more

4 hours ago

The Swiss National Bank reported a net loss of 498 million Swiss francs (CHF) for the first quarter, as a sharp decline in foreign currency investments outweighed gains from rising gold prices. Losses of around CHF 8.2 billion on equities and bonds, driven by weak global markets and expectations of higher interest rates, impacted overall performance. This was partially offset by a CHF 7.8 billion gain in gold holdings, supported by a 6.8% rise in gold prices. The central bank continues to remain exposed to global market fluctuations due to its large foreign asset portfolio.Read more

5 hours ago

Fabege AB reported a steady performance in the first quarter, with rental income rising by 3.1% to SEK 892 million. The company also saw a notable increase in property management profit, which grew to SEK 370 million from SEK 285 million in the previous year. Profit after tax stood at SEK 125 million, translating to SEK 0.40 per share. The results reflect stable leasing activity and operational performance despite broader market uncertainties impacting the real estate sector.Read more

7 hours ago

Kuwait Airways has entered into a contract worth KWD 33.5 million with Automated Systems Company to manage its infrastructure and information technology systems. The agreement focuses on strengthening the airline’s operational efficiency through improved IT management and system support. Such collaborations are becoming increasingly important in the aviation sector as airlines look to modernise operations and enhance service reliability. The move also reflects a broader trend of digital transformation across transport infrastructure, where technology-driven upgrades are being prioritised to support long-term operational stability.Read more

27 Apr 2026

UK-based warehouse and logistics property company Segro is expanding its data centre strategy across Europe, with planned sites in France, Germany, Italy and Poland to benefit from rising artificial intelligence-driven demand. The company expects strong long-term demand around major urban centres and is actively working on securing planning approvals and power connections. In the UK, it has strengthened its position with 400 MW power upgrades in London and Slough, a pre-let deal for a 30,000 square metre facility, and approval for a GBP 1 billion (USD 1.35 billion) data centre project in West London. Data centres currently account for about 7% of its clients.Read more