14 minutes ago

Sri Lotus Developers and Realty has been appointed as the developer for a commercial-cum-retail redevelopment project in Mumbai's Juhu, with an estimated Gross Development Value (GDV) of INR 1,600 crore. The project will be undertaken through the company's subsidiary and involves the redevelopment of an established commercial shopping complex. The proposed development is expected to offer around 3.46 lakh square feet of carpet area. Construction is planned to begin in Q3 FY28, with completion targeted within three to four years from the commencement of work. The project further strengthens the company's redevelopment portfolio in Mumbai.Read more

Mumbai News Desk

29 minutes ago

The Union Ministry of Defence has issued a fresh notification easing decades-old construction restrictions around the Signal Transmitting Station, known as the Wireless Centre, in Juhu, Mumbai. The notification, issued on 3 August 2026, withdraws the nearly 50-year-old SRO 150 and replaces it with SRO 33(E), cutting the restricted no-construction zone from 500 metres to 100 metres around the installation. The move is expected to benefit thousands of residents living in nearly 200 ageing buildings and dense slum clusters in the area, many of which are over 75 years old. Mumbai North West MP Ravindra Waikar had pursued the matter with the Centre and state government over several months.Read more

44 minutes ago

Australia-based Maas Group has raised its annual earnings forecast after securing a major order worth AUD 855 million from AI infrastructure company Firmus. The deal, signed under an existing Master Services Agreement, involves supplying modular electrical infrastructure and has also prompted the company to increase its investment in Firmus. Maas will invest an additional AUD 300 million, taking its stake in the Nvidia-backed company to 3.2%. The company said the investment aligns with its long-term strategy of expanding its presence in digital infrastructure while strengthening future earnings.Read more

1 hour ago

The Mumbai Metropolitan Region Development Authority (MMRDA) has recorded 300 million passenger journeys across its operational Metro network, marking a major milestone in Mumbai's public transport system. The latest 50 million passenger journeys were achieved in just 179 days, the fastest since Metro operations began in 2022, reflecting steady growth in commuter adoption. The expansion of Metro Line 2B Phase 1 and Metro Line 9 Phase 1 has strengthened connectivity and supported rising ridership. The authority said the network continues to witness higher daily passenger additions and growing public preference for Metro travel.Read more

Mumbai News Desk

1 hour ago

Mumbai Police have registered a case against the personal assistant of a Congress Member of Parliament and other individuals over an alleged INR 5.57 crore fraud linked to Slum Rehabilitation Authority (SRA) flats. The accused are alleged to have collected money from prospective buyers by promising allotment of rehabilitation homes through purported political influence. The complaint involves multiple victims who claim they were misled into believing they would receive SRA flats after making payments. The investigation is underway to ascertain the extent of the alleged fraud and identify the roles of all those involved.Read more

1 hour ago

The Securities and Exchange Board of India (Sebi) has exempted six Muthoot family trusts from making an open offer for the indirect acquisition of shares in Muthoot Microfin as part of an internal family restructuring. The move follows changes to the transaction structure after Muthoot Fincorp approved its proposed IPO and revised the shareholding arrangement to comply with promoter contribution norms. Sebi said the restructuring is meant for succession planning and will not change the control or management of Muthoot Microfin or affect the interests of public shareholders. The exemption will remain valid for one year, subject to specified conditions.Read more

2 hours ago

The Directorate of Enforcement (ED) is investigating 32 bank fraud cases under the Prevention of Money-laundering Act (PMLA), involving 54 accused who have fled India, the Finance Ministry informed Parliament. The government has initiated action under the Fugitive Economic Offenders Act (FEOA), extradition proceedings and asset attachment in these cases. The ministry also shared updates on unclaimed bank deposits, insurance grievances, foreign exchange reserves and RBI's intervention in the forex market, highlighting measures taken to strengthen financial oversight, improve depositor services and maintain economic stability.Read more

2 hours ago

Gaurs Group has launched a new residential project on the Yamuna Expressway in Delhi-NCR with an estimated revenue potential of INR 1,900 crore. Spread across 11.8 acres in Sector 22D, the development, named Gaur Alaris, will comprise 1,088 apartments. The launch comes amid sustained residential demand along the Yamuna Expressway corridor, supported by improving connectivity, ongoing infrastructure development and the upcoming Noida International Airport. The Delhi-NCR-based developer said the project is aimed at the premium housing segment. Gaurs Group has delivered more than 100 million sq ft of real estate and has completed over 75,000 housing units across more than 75 projects, including three integrated townships.Read more

2 hours ago

Wildfires burning around Spokane, Washington, have destroyed more than 700 buildings and forced nearly 64,000 people to evacuate as firefighters continue battling three major blazes. The fires have spread across more than 8,000 acres, making them the highest firefighting priority in the United States amid widespread wildfire activity across the Pacific Northwest. Officials have warned that the number of damaged structures could rise as inaccessible areas are assessed. While no deaths or injuries have been confirmed, authorities expect the situation to become clearer once search teams are able to safely enter affected neighbourhoods.Read more

3 hours ago

The outstanding principal loan payable by Delhi Metro Rail Corporation (DMRC) to the Japan International Cooperation Agency (JICA) stood at INR 35,828 crore till June 2026, according to information shared in Parliament. The Centre said DMRC has repaid nearly INR 9,948.09 crore from its operational revenue while continuing to maintain an affordable fare structure. Over the past five years, both the Central and Delhi governments have also provided financial support through equity, grants and subordinate debt. The government added that metro fare revisions continue to follow the provisions of the Metro Railways Act.Read more

3 hours ago

The Central Government has proposed major changes to the tax framework for offshore investment funds managed from India through the Taxation and Other Laws (Amendment) Bill, 2026. The proposed amendments seek to simplify eligibility conditions for tax exemption on global income, introduce a uniform framework for Eligible Investment Funds (EIFs), and replace an earlier Ordinance that offered tax relief for foreign investors in Government securities. The measures are aimed at attracting global fund managers, improving India's competitiveness as an international fund management destination and encouraging higher foreign capital inflows.Read more

3 hours ago

Air India has entered into a codeshare partnership with Azerbaijan Airlines, allowing passengers to book seamless travel between India and Azerbaijan on a single itinerary. Under the arrangement, Air India's flight code will be placed on Azerbaijan Airlines' daily services connecting Delhi and Mumbai with Baku. The partnership is expected to offer passengers greater flexibility, smoother connections and simplified ticketing. The agreement also strengthens Air India's international network expansion strategy, which has seen the airline continue to widen its global reach through codeshare and interline partnerships.Read more

4 hours ago

Kalpataru Ltd reported a lower consolidated net loss of INR 26.52 crore for the first quarter of FY27, compared with a loss of INR 49.42 crore in the corresponding period last year. The company's total income increased to INR 495.04 crore during the April–June quarter, reflecting improved operational performance. As of the end of June, Kalpataru's net debt stood at INR 8,229 crore. The Mumbai-based real estate developer has completed 85 projects spanning more than 24.5 million sq ft and is currently executing or planning 30 developments across key markets including Mumbai, Thane, Panvel, Lonavala, Pune, Nagpur, Noida and Hyderabad, highlighting its continued presence across major residential markets.Read more

Delhi News Desk

4 hours ago

The Delhi High Court has directed the Delhi Development Authority (DDA) to resolve delays in processing leasehold-to-freehold property conversion applications and to promptly resume the operation of its online conversion portal, the Interactive Disposal of Land Information System (IDLI). The direction stems from a petition filed by property owners at DLF South Court Mall in Saket, who applied for conversion in 2023 but faced prolonged delays despite paying the required fees. The court dismissed the DDA's explanation citing technical failures in the portal, ruling that such glitches cannot justify indefinitely delaying statutory duties. The DDA's vice chairman has been asked to file a status report on the matter.Read more

4 hours ago

India's housing market has witnessed one of its strongest growth phases in recent years, driven by post-pandemic demand, infrastructure upgrades, expanding employment hubs and rising investor confidence. While some cities have recorded steady appreciation, others have seen exceptional growth as new expressways, metro corridors and business districts reshaped local real estate markets. From technology hubs to emerging investment destinations, these cities have consistently outperformed the broader market. Here are 10 Indian cities where residential property prices have surged the most over the past five years and the factors behind their remarkable growth.Read more

5 hours ago

Wildberries is moving ahead with the construction of 260,000 square metres of warehouse space in Kazakhstan as part of its long-term regional expansion strategy. Kazakhstan's trade minister said the new logistics facilities are expected to become operational in the first quarter of 2027. The expansion comes at a time when several of the company's warehouses in Russia have been affected by repeated Ukrainian drone attacks, disrupting its logistics network. The new facilities are expected to strengthen Wildberries' distribution capacity in Central Asia while supporting its growing cross-border e-commerce operations.Read more

5 hours ago

India’s expanding data centre sector is expected to emerge as a major driver of residential real estate demand over the next few years, according to a Square Yards report. With more than 250 data centres proposed by 2030, the sector could generate nearly 4.33 lakh direct and indirect jobs across key cities, leading to an estimated demand for 195 million square feet of housing. The report also highlighted that investments in supporting infrastructure such as power, fibre connectivity and logistics are expected to strengthen both residential and commercial real estate development around these emerging digital hubs.Read more

5 hours ago

Vacancy in Chennai's prime office market has declined to 9.9% from a peak of 15.8% in 2023, supported by sustained demand from Global Capability Centres (GCCs) and a constrained supply of new office space, according to a CRE Matrix report. The city currently has 120 million sq ft of Grade A/A+ office stock, with an additional 42 million sq ft under construction. The report highlights Chennai's competitive occupancy costs, low employee attrition and expanding GCC ecosystem as key factors driving office demand. It also notes that office demand is exceeding supply by 1.8 times, while several leading developers and institutional investors continue to maintain a significant presence in the city's commercial real estate market.Read more

6 hours ago

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 10 new residential, commercial and mixed-use projects across five districts, involving an estimated investment of INR 1,412.55 crore. The developments will add 1,632 residential and commercial units, with Ghaziabad attracting the highest investment and Gautam Buddh Nagar recording the largest number of units. The approvals are expected to support planned urban development, increase construction activity, create employment opportunities and generate demand across allied sectors. UP RERA said it will continue to focus on transparency, timely project execution and consumer protection under the Real Estate (Regulation and Development) Act.Read more

6 hours ago

Segro has agreed to be acquired by U.S.-based logistics real estate company Prologis in a deal valued at up to USD 19.19 billion after investor pressure encouraged both companies to engage in discussions. The agreement follows multiple earlier proposals that Segro had rejected before indicating its willingness to consider a final offer. The transaction will combine two major warehouse owners with expanding data centre ambitions linked to AI demand. The deal is among the UK's biggest corporate transactions this year and includes a mix of Prologis shares, a cash alternative, a potential dividend, and plans for a possible London listing of the combined business.Read more

7 hours ago

Indian Hotels Company Limited (IHCL) has announced the signing of a new 46-key Tree of Life resort in Karaikudi, Tamil Nadu, marking another step in its expansion across emerging leisure destinations. The greenfield project will strengthen IHCL's presence in the state, taking its Tamil Nadu portfolio to 33 hotels, including 14 under development. Separately, IHG Hotels & Resorts has launched its first Vignette Collection property in India and South West Asia with the opening of the 145-room The Aarlis Hotel in Panchkula, Haryana, expanding its luxury and lifestyle hospitality portfolio in the country.Read more

7 hours ago

The Haryana government has reviewed draft development plans for Naraingarh, Kurukshetra, Narnaul and Panipat to guide their long-term urban expansion. During a State-Level Committee meeting, Chief Minister Nayab Singh Saini directed officials to align future planning with the Viksit Bharat-2047 vision while ensuring adequate civic infrastructure, environmental sustainability and balanced land use. The plans cover residential and industrial expansion, transport infrastructure, green spaces, flood management and public utilities, with city-specific measures aimed at supporting future population growth and planned urban development.Read more

8 hours ago

Shivalik Small Finance Bank has completed its merger with ManiBhavnam Home Finance India Pvt. Ltd., expanding its presence in the affordable housing finance segment. The integration marks a strategic step in strengthening the bank's secured lending portfolio while offering existing home loan customers access to a wider range of banking services. The merger is expected to enhance Shivalik's retail lending capabilities, improve operational efficiencies and support its long-term growth strategy by combining housing finance expertise with its expanding banking network.Read more

8 hours ago

India's hospitality industry is expected to record a 7-9 per cent year-on-year revenue growth in the current financial year after posting an estimated 11 per cent expansion in the previous fiscal, according to ICRA. The rating agency expects premium hotel occupancy to remain stable while average room rates are likely to rise further. Although geopolitical tensions, particularly the West Asia conflict, have affected foreign tourist arrivals, the sector continues to remain resilient as domestic travel remains the primary demand driver. However, prolonged global uncertainties and inflationary pressures could pose risks to the industry's performance.Read more

9 hours ago

Della Group is accelerating its expansion strategy with plans to add 3,600 hotel rooms over the next three years as part of its integrated luxury township developments across India. The hospitality-led real estate company aims to strengthen its presence through themed townships that combine hotels, branded residences, wellness, retail and entertainment infrastructure. The expansion will support the group's long-term vision of creating destination-led developments while leveraging an asset-light model that brings together landowners, developers and global design partners.Read more

9 hours ago

The Central government has introduced the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha with proposed changes aimed at attracting foreign investment, strengthening India's manufacturing ecosystem and creating a more predictable tax environment. The Bill includes measures to simplify tax rules for foreign fund managers, extend tax benefits for electronics contract manufacturing, support the expansion of data centres, protect tax-free dividends for REIT and InvIT investors, and amend payment laws related to Merchant Discount Rate (MDR). The proposals are intended to improve investment confidence while supporting key growth sectors.Read more

10 hours ago

The Border Roads Organisation (BRO) has restored connectivity to Huri village in Arunachal Pradesh by installing a 200-foot Bailey bridge after flash floods damaged the existing road infrastructure. The temporary modular bridge has re-established a vital transport link for residents and security forces operating in the remote border region. The restoration highlights the BRO's role in maintaining strategic infrastructure in difficult terrain, ensuring uninterrupted access for civilian movement, emergency services and defence logistics.Read more

10 hours ago

The Telangana government has accelerated its investigation into alleged irregularities linked to the Dharani land records portal while initiating a comprehensive land survey across the state. Authorities will prioritise inquiries into disputed land transactions, unauthorised mutations and suspected encroachments through a fast-track mechanism. Alongside the investigation, the government plans to introduce a unique Bhudhar identification system and strengthen land record management under the Bhu Bharati framework, aiming to improve transparency, restore public confidence and prevent future instances of land fraud.Read more

11 hours ago

NBCC (India) Ltd has entered into an agreement with the Government of the Republic of Seychelles to construct 1,008 affordable housing units under the Ile Aurore Housing Project. The agreement, signed in the past week, covers the development of the housing units along with supporting infrastructure. The project will be financed through a USD 75 million Line of Credit extended by the Export-Import Bank of India (EXIM Bank). The signing took place in the presence of Seychelles Vice President Sebastien Pillay and NBCC Chairman and Managing Director K P Mahadevaswamy, reflecting continued infrastructure cooperation between India and Seychelles through government-backed development initiatives.Read more

11 hours ago

In a landmark ruling, the Supreme Court has held that pedestrians are entitled to safe, clearly demarcated and obstruction-free walking spaces on every road, describing the right to walk as a fundamental constitutional right. The court directed the Centre and urban local bodies to prioritise pedestrian infrastructure while planning and maintaining roads. It also called for a comprehensive legal framework to safeguard pedestrian rights, a move that could reshape road design, urban planning and public infrastructure development across India.Read more

12 hours ago

South Korean President Lee Jae Myung has directed government officials to complete follow-up reviews of housing supply and financial measures within the next two to three days, underscoring the need to address a persistent housing supply shortage that has existed since 2022. During a high-level meeting on the country's property and stock markets, Lee instructed ministries to maximise available housing supply and examine administrative, financial, fiscal and regulatory interventions to expedite project delivery. The directions came shortly after the finance ministry proposed amendments to the tax code that would increase the tax burden on owners of multiple and high-value homes while expanding property tax exemptions for certain owner-occupiers.Read more

12 hours ago

The Jaipur Development Authority (JDA) has temporarily suspended enforcement action against a group of commercial establishments on Jaipur–Ajmer Road after its Appellate Tribunal granted interim relief. The tribunal has stayed the execution of notices issued for alleged violations of approved land-use norms and fixed 8 September as the next hearing date. The notices, issued in the past fortnight, alleged that commercial activities were being carried out on agricultural land without the required permissions. The interim order follows petitions filed by the affected establishments seeking relief from enforcement measures. JDA has clarified that the legality of the developments will be determined only after the tribunal concludes its proceedings and issues a final order.Read more

13 hours ago

Nexus Select Trust, India's retail-focused Real Estate Investment Trust (REIT), reported an 11% year-on-year increase in net operating income (NOI) to INR 510 crore for the quarter ended June. The trust also declared a distribution of INR 370 crore to unitholders, equivalent to INR 2.442 per unit, representing a 10% increase in distribution per unit. Alongside its quarterly performance, Nexus Select Trust outlined its expansion strategy, including the acquisition of Diamond Plaza mall in Kolkata and the identification of eight shopping malls across India for potential acquisitions. The trust currently owns 19 shopping malls, three hotels and three office assets across 15 cities and aims to double its portfolio by 2030.Read more

13 hours ago

The Nashik Kumbh Mela Authority has approved an INR 56 crore project to construct a parallel road along the busy Gangapur Road corridor, aiming to reduce traffic congestion ahead of the 2027 Simhastha Kumbh Mela. The new road is expected to improve connectivity to key residential and pilgrimage areas while easing traffic pressure on one of the city's busiest arterial routes. The project forms part of a broader infrastructure development programme being undertaken to prepare Nashik for the large influx of pilgrims and visitors during the religious gathering.Read more

14 hours ago

The Bihar government has notified the Draft Development Plan 2047 for the proposed Patliputra Greenfield Satellite Township, marking a key milestone in the project's planning process. Alongside the notification, restrictions on the sale and transfer of land within the notified special area have been lifted, while inviting objections and suggestions from stakeholders on the draft plan. The move is expected to facilitate planned urban development, improve regulatory clarity and accelerate investment in one of the state's flagship greenfield township initiatives.Read more

14 hours ago

The Uttar Pradesh government has approved INR 943 crore as seed capital for land acquisition under the Ghaziabad Development Authority's (GDA) Harnandipuram township project. The funding will facilitate the purchase of land required for the proposed integrated urban development, which is expected to include residential, commercial and supporting infrastructure. The township forms part of the state's broader urban expansion strategy aimed at meeting rising housing demand, improving planned development and strengthening infrastructure in the National Capital Region.Read more

15 hours ago

Ajmera Realty & Infra India Ltd reported a 14% year-on-year increase in its consolidated net profit for the first quarter of FY27, supported by higher income during the period. The Mumbai-based real estate developer posted a net profit of INR 44.94 crore, compared with INR 39.44 crore in the corresponding quarter of the previous financial year. The company's total income also registered healthy growth, reflecting improved business performance. Ajmera Realty continues to be among the established real estate developers with a presence across residential and commercial projects in key Indian markets.Read more

15 hours ago

The Prayagraj Municipal Corporation (PMC) has issued property tax notices totalling around INR 26 crore to 10 sewage treatment plants (STPs) operated by Uttar Pradesh Jal Nigam within its jurisdiction. The civic body has assessed the facilities under existing municipal taxation rules, while Jal Nigam is reviewing the notices and is expected to seek guidance from the state government. The development has drawn attention to the taxation of government-owned public utility infrastructure and its potential implications for municipal revenue administration.Read more

16 hours ago

The Centre's PM Surya Ghar: Muft Bijli Yojana has surpassed 50.06 lakh rooftop solar installations across India, marking a significant milestone just over two years after its launch. The Ministry of New and Renewable Energy said the scheme, backed by an outlay of INR 75,021 crore, has accelerated rooftop solar adoption at an unprecedented pace, with installations now averaging one lakh households every six days. More than INR 28,024 crore in subsidies has been transferred directly to beneficiaries, while nearly 19 lakh households are receiving zero electricity bills. The programme has also expanded access to concessional financing, supported low-income households, generated employment across the solar value chain and increased rooftop solar capacity to 14.8 GW.Read more

16 hours ago

GMR Hyderabad International Airport has started handling Emirates SkyCargo's dedicated Boeing 777 Freighter service on the Taipei–Hyderabad–Dubai route, strengthening its position as one of India's key air cargo hubs. The new service is expected to improve the movement of pharmaceuticals, electronics, semiconductors, perishables and other high-value shipments between East Asia, India and the Middle East. With a payload capacity of more than 100 tonnes, the freighter will also support growing demand for technology-related cargo while improving Hyderabad's connectivity to global markets through Dubai's extensive international network.Read more

05 Aug 2026

The Punjab government has extended the deadline for its One-Time Settlement (OTS) Scheme 2025 till September 30, giving taxpayers more time to resolve pending tax disputes related to the pre-GST period. The scheme offers waivers on interest and penalties along with relief on principal tax under specified slabs. The state has received nearly 9,800 applications so far, with significant tax collections and relief granted. At the same time, the Excise and Taxation Department has intensified recovery action against habitual VAT defaulters and plans to continue strict enforcement after the revised deadline.Read more

05 Aug 2026

A recent report by consulting firm Nomura has highlighted that the Northeast's harsh climatic conditions are accelerating corrosion in bridges, highways, railways and other public infrastructure, reducing their service life and increasing maintenance costs. The report said the region's expanding infrastructure network requires climate-responsive planning instead of uniform engineering standards used elsewhere in India. It also called for lifecycle cost-based procurement over the lowest-cost model, stating that better corrosion management could improve infrastructure durability, reduce public expenditure and help lower India's estimated annual corrosion-related economic loss of around INR 14 lakh crore.Read more

Mumbai News Desk

05 Aug 2026

The Brihanmumbai Municipal Corporation (BMC) has initiated legal action against two housing societies in Mumbai for allegedly violating tree protection norms. One society is accused of damaging trees by using harmful substances, while another allegedly carried out excessive pruning without obtaining mandatory civic approval. The action highlights the civic body's stricter enforcement of regulations governing tree preservation, as authorities seek to safeguard Mumbai's urban green cover and promote scientific tree maintenance amid growing environmental and public safety concerns.Read more

05 Aug 2026

India is planning to invest approximately INR 45,000 crore (USD 4.7 billion) in railway infrastructure upgrades along its borders with China, Pakistan and Bangladesh, according to people familiar with the matter. The spending, to be rolled out over the next 18 to 24 months, will fund new tracks, platforms and network strengthening across Punjab, West Bengal, Himachal Pradesh, Rajasthan, Assam and several north-eastern states. The border-focused programme accounts for roughly 22 per cent of all railway infrastructure outlay planned over the next two years. The Railway Ministry did not respond to requests for comment on the plan.Read more

05 Aug 2026

Two people were seriously injured after a building collapsed in Sydney's Ultimo suburb, located close to the city's central business district. Emergency services responded to the incident and assessed seven people at the site, with two requiring hospitalisation. Television footage showed a collapsed wall of a large building situated near a construction site. Authorities have not yet disclosed the cause of the collapse, and further investigations are expected to determine the circumstances surrounding the incident.Read more

05 Aug 2026

PVV Infra has secured two wayside amenity projects in Madhya Pradesh from the National Highways Logistics Management Limited (NHLML), a wholly owned subsidiary of the National Highways Authority of India (NHAI). The projects involve developing modern roadside facilities along national highways to improve traveller convenience and support commercial transport. The initiative forms part of the government's broader effort to enhance highway infrastructure by creating integrated rest stops equipped with essential services, helping improve safety, logistics efficiency and the overall travel experience.Read more

05 Aug 2026

Aadhar Housing Finance reported a 19 per cent year-on-year increase in its net profit for the first quarter of FY27, supported by higher interest income and growth in its loan portfolio. The company's assets under management crossed INR 31,000 crore during the quarter, while asset quality improved with a decline in gross NPAs. The lender also expanded its branch network across India, reflecting continued focus on affordable housing finance, particularly in Tier II and Tier III cities where housing demand remained steady.Read more

Mumbai News Desk

05 Aug 2026

The Legend, a luxury residential redevelopment of the late actor Dilip Kumar's 71-year-old bungalow in Pali Hill, Bandra, has crossed INR 500 crore in sales within 15 months of launch, according to property consultants. The project, undertaken by Ashar Group, will feature 19 high-end apartments alongside a dedicated 2,000-square-foot museum on the ground floor honouring the actor's legacy, with a separate entrance for visitors. Among the sales recorded, a sea-view triplex was purchased by Apco Infratech for INR 155 crore in July 2024. The development agreement between Ashar Group and Dilip Kumar and his wife Saira Banu was signed in March 2016.Read more

05 Aug 2026

PVR INOX has introduced a new cinema format called PVR INOX SMART Cinemas to expand its presence in Tier III cities through a Franchise-Owned, Company-Operated (FOCO) model. Muzaffarpur in Bihar has been selected as the first location, with six more properties already signed and expected to open over the next nine months. The company aims to meet the growing demand for organised entertainment in smaller cities by offering premium cinema technology, modern facilities and standardised operations while partnering with local developers and entrepreneurs.Read more

05 Aug 2026

Federal Realty Investment Trust has raised its full-year core profit forecast after reporting stronger-than-expected second-quarter results, supported by healthy leasing demand and higher rental income across its shopping centre portfolio. The real estate investment trust recorded growth in core funds from operations, revenue, rental income and occupancy levels during the quarter. The improved performance reflects continued demand for retail space in densely populated, high-income markets where the company owns shopping centres and mixed-use developments. Higher leased occupancy also indicates sustained tenant demand despite a changing retail environment.Read more