SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

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CBI files preliminary chargesheet in Wadakkanchery Life Mission housing project scam, names six accused including Swapna Suresh

23 minutes ago

The Central Bureau of Investigation (CBI) has filed a preliminary chargesheet in the Wadakkanchery Life Mission corruption case, naming six accused, including Swapna Suresh. The chargesheet was submitted before the Ernakulam Chief Judicial Magistrate Court in Kochi. The case relates to alleged financial irregularities in a housing project for flood survivors in Thrissur district, funded through a grant from the UAE Red Crescent. M Sivasankar, former Principal Secretary to the Kerala Chief Minister, named as an accused in the original FIR, does not figure in this preliminary chargesheet, with the CBI stating that investigation into his role continues.Read more

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Five-storey building collapses in Bhiwandi, rescue operations underway

53 minutes ago

A five-storey residential building collapsed in Maharashtra's Bhiwandi town late on Saturday, triggering a large-scale rescue operation by the National Disaster Response Force (NDRF), local fire brigade and civic authorities. Several residents were trapped beneath the debris when the structure gave way, with fatalities and injuries reported as rescue efforts continued through the night. Authorities have launched an investigation into the cause of the collapse, while officials continue to search for survivors and assess the structural safety of nearby buildings.Read more

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Registration of properties in Mumbai rises 10 pc to record 13,824 units in July: Knight Frank

1 hour ago

Property registrations in Mumbai Municipal Corporation (BMC) limits reached 13,824 units in July, marking a 10% year-on-year increase and the highest registration level for the month in the last 14 years, according to Knight Frank India. The growth was supported by sustained homebuyer demand across both primary and secondary housing markets. Industry experts said end-user demand remains healthy, particularly for projects by established developers. The latest performance follows a strong trend seen in recent months, highlighting continued buyer confidence in Mumbai's residential market despite a higher base.Read more

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CBI registers INR 1,816.22 crore EPFO investment fraud case against Anil Ambani, Reliance Capital

1 hour ago

The Central Bureau of Investigation (CBI) has registered a fresh case against Reliance Capital Ltd, its former chairman Anil Ambani and unknown public servants over an alleged INR 1,816.22 crore loss to the Employees' Provident Fund Organisation (EPFO). The case relates to investments made by EPFO in Reliance Capital's debt instruments between 2011 and 2015, which investigators allege were approved despite adverse financial indicators and regulatory concerns. The agency will examine the role of company officials, intermediaries and public servants in the alleged investment decisions.Read more

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Bank of Maharashtra cuts home loan rate to 7% under limited-period festive offer

2 hours ago

Public sector lender Bank of Maharashtra (BoM) has reduced its home loan interest rate to 7 per cent from 7.1 per cent under a limited-period promotional campaign aimed at homebuyers. Alongside the lower lending rate, the bank has waived processing fees and documentation charges on home loans, lowering the overall borrowing cost for customers. The lender has also announced a car loan interest rate starting at 7.45 per cent under the same scheme. The initiative is intended to make retail financing more affordable by reducing upfront expenses as well as monthly equated monthly instalments (EMIs) for borrowers.Read more

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Park Group of Hospitals expands to Uttarakhand with 330-bed multi-speciality hospital in Rudrapur

2 hours ago

Park Group of Hospitals has expanded its presence in north India by launching The Medicity Hospital in Rudrapur, Uttarakhand. The 330-bed multi-super speciality facility is the group's first hospital in the state and is being positioned as the largest hospital in the Kumaon region. The expansion increases the group's presence to six states and aims to improve access to advanced tertiary and quaternary healthcare services in an underserved market. The hospital is equipped with modern medical infrastructure, specialised clinical departments and an experienced team of doctors to meet the region's growing healthcare needs.Read more

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NHAI plans to award 54 highway projects worth INR 1.80 lakh crore this financial year

3 hours ago

The National Highways Authority of India (NHAI) plans to award 54 highway and expressway projects covering 2,442 km during the current financial year, with an estimated capital cost of INR 1.80 lakh crore. The proposed projects are spread across 13 states and will be executed under EPC, HAM and BOT models. The planned project pipeline is smaller than the previous financial year's target, reflecting a more selective approach. NHAI continues to play a major role in India's national highway development programme, contributing nearly half of the country's highway construction under the Ministry of Road Transport and Highways.Read more

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NSE completes INR 1,491.21 crore Sebi settlement ahead of proposed IPO

3 hours ago

The National Stock Exchange of India (NSE) has completed the payment of INR 1,491.21 crore to the Securities and Exchange Board of India (Sebi) to settle the long-pending colocation and dark fibre cases. The exchange paid the remaining INR 714.74 crore after Sebi gave its in-principle approval to the revised settlement proposal. The development comes as NSE moves closer to its proposed initial public offering (IPO), for which it has already filed draft papers with the market regulator. The settlement is expected to remove a key regulatory hurdle before the public issue.Read more

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Government approves INR 5,070 crore scheme to develop 5,000 MW floating solar and storage capacity

4 hours ago

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY), a dedicated INR 5,070 crore scheme to accelerate floating solar power development across India. The initiative aims to add 5,000 MW of floating solar capacity along with 10,000 MWh of energy storage systems by FY 2030-31. The scheme will provide financial assistance for project development and feasibility studies while encouraging domestic manufacturing, reducing dependence on land for renewable energy projects, strengthening grid reliability, and supporting India's clean energy and climate goals.Read more

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Cube Highways Trust makes stock market debut with nearly 2% premium after INR 5,000 crore InvIT issue

4 hours ago

Cube Highways Trust made its stock market debut after successfully completing its INR 5,000 crore Infrastructure Investment Trust (InvIT) public issue. The Trust became the first InvIT in India to transition from a privately listed platform to a publicly listed one. Its units listed at a premium on both the BSE and NSE and ended the day with gains of more than 3%. The public issue witnessed strong investor participation, reflecting confidence in the Trust's operational highway portfolio, stable cash flows and long-term growth strategy.Read more

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Delhi High Court seeks ED’s response on Nayan Raheja’s plea in money laundering case

5 hours ago

The Delhi High Court has sought the Enforcement Directorate’s (ED) response to a petition filed by Nayan Raheja, director and son of the chairman of Raheja Developers, seeking the quashing of a money laundering case registered in 2022. The case is linked to the alleged diversion of funds collected from homebuyers for housing projects that witnessed prolonged delays. The court has directed the ED to file its response and scheduled the matter for further hearing. The case stems from allegations involving around 4,600 delayed residential units and alleged misuse of homebuyers’ funds.Read more

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Amarnath Yatra suspended from Jammu as rain delays highway restoration

5 hours ago

The Amarnath Yatra was suspended from the Bhagwati Nagar base camp in Jammu after persistent rainfall disrupted restoration work on the Jammu–Srinagar National Highway (NH-44), the pilgrimage's primary road link to Kashmir. Authorities halted the movement of fresh batches of pilgrims for the second consecutive day as repair work continued on the landslide-affected Ladha–Samroli stretch in Udhampur district. Continuous rainfall left sections of the highway muddy and slippery, preventing safe passage. Meanwhile, the Shri Amarnath Ji Shrine Board (SASB) shifted its registration and token distribution facilities from the Tawi Riverfront to the Bhagwati Nagar base camp. Around 4.5 lakh pilgrims have undertaken the pilgrimage so far, which is scheduled to conclude on 28 August.Read more

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Lodha Developers targets INR 10,000 crore from monetising data centre park land in MMR

6 hours ago

Lodha Developers Ltd plans to generate nearly INR 10,000 crore over the next three to four years by monetising around 150 acres of land at its data centre park in the Mumbai Metropolitan Region (MMR). The company said the planned land sales form part of its long-term asset monetisation strategy and will help fund the expansion of its data centre business without increasing group leverage. Lodha currently owns around 660 acres within the data centre park, having already monetised approximately 130 acres in the first phase. The announcement comes as the developer reported record quarterly profitability and continued growth in residential sales, while also preparing to expand into the Delhi-NCR housing market.Read more

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CREDAI and NAREDCO welcome Centre's advisory on four-month RERA project extension

6 hours ago

Real estate industry bodies CREDAI and NAREDCO have welcomed the Union Ministry of Housing and Urban Affairs' advisory asking state Real Estate Regulatory Authorities (RERAs) to grant a four-month extension for eligible real estate projects affected by disruptions linked to the ongoing West Asia conflict. The advisory, issued under the Force Majeure provisions of the Real Estate (Regulation and Development) Act (RERA), seeks to address delays caused by shortages of construction materials resulting from global supply chain disruptions. Industry leaders said the measure would provide regulatory clarity, ease pressure on developers, help maintain construction quality and reduce the risk of litigation, while urging state regulators to implement the extension without delay.Read more

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Beyond Monuments: Indian Places That Revolutionised Science and Knowledge

6 hours ago

India's historical legacy extends far beyond monuments, kingdoms and battles. Across centuries, several places emerged as centres of scientific discovery, higher learning and technological innovation that shaped not only the country but also the world. From the ancient universities of Nalanda and the surgical breakthroughs of Varanasi to the laboratories of Bengaluru, Kolkata and Mumbai, these locations became milestones in humanity's pursuit of knowledge. Their contributions continue to influence mathematics, medicine, engineering, nuclear science and modern technology, leaving a lasting impact on global civilisation.Read more

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Radisson targets 500 hotels in India by 2030 with focus on emerging markets and conversions

7 hours ago

Radisson Hotel Group plans to expand its India portfolio to 500 hotels by 2030, positioning the country as one of its key global growth markets. The hospitality chain is focusing its next phase of expansion on Tier II, III and IV cities, emerging commercial hubs, leisure destinations, religious tourism centres and hotel conversions. During the first half of 2026, the company signed 18 hotels and opened four properties, taking its operational portfolio to 142 hotels across 86 cities and its development pipeline to 98 hotels. The group expects stronger conversion of pipeline projects into operational assets over the next two years, supported by rising domestic travel, improving infrastructure and sustained investor confidence.Read more

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PM inaugurates INR 18,000 crore worth of infrastructure projects in Andhra Pradesh.

7 hours ago

Prime Minister Narendra Modi inaugurated and laid the foundation stone for infrastructure projects worth nearly INR 18,000 crore in Andhra Pradesh, spanning aviation, semiconductors, renewable energy transmission and highways. The initiatives include the inauguration of the Alluri Sitarama Raju International Airport at Bhogapuram, a semiconductor manufacturing facility in Visakhapatnam, major power transmission infrastructure and several National Highway projects aimed at improving connectivity and supporting industrial growth across the state.Read more

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ESAF Small Finance Bank returns to profit with Rs 80 crore net in June quarter, aided by improved asset quality and higher income

7 hours ago

ESAF Small Finance Bank posted a net profit of Rs 80 crore for the quarter ended 30 June 2026, reversing a loss of Rs 81 crore in the corresponding period last year. Total income rose to Rs 1,346 crore from Rs 1,023 crore, while interest income grew 32 per cent to Rs 1,098 crore. Gross NPAs declined to 5.40 per cent from 7.48 per cent, and net NPAs fell to 0.83 per cent from 3.77 per cent. The bank's total business crossed Rs 50,000 crore for the first time during the quarter.Read more

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Karnataka to reclaim government-allotted plots if houses are not built within five years

8 hours ago

The Karnataka government has announced that residential plots allotted by state housing boards and development authorities will be reclaimed if allottees fail to construct houses within five years of taking possession. The decision aims to curb speculative land holding, ensure faster utilisation of residential land and make housing plots available to genuine homebuyers. Authorities will also monitor implementation through periodic reviews, with the policy expected to improve land use efficiency, accelerate housing development and discourage long-term vacancy across state-allotted residential layouts.Read more

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Holcim raises 2026 outlook as housing construction shows signs of recovery

8 hours ago

Holcim has raised its full-year 2026 guidance after reporting stronger-than-expected second-quarter financial results, supported by improving demand across its business and growing interest in low-carbon building products. The company said it is seeing more residential housing projects begin, particularly in Europe, where governments are introducing measures to address housing shortages. Holcim also reported higher sales and operating profit than market estimates and said the third quarter has started on a positive note. The revised outlook reflects the company's confidence in market conditions for the remainder of the year.Read more

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Interstate coordination panel proposed for Yamuna rejuvenation plan

9 hours ago

An interstate coordination committee to oversee the restoration of the Yamuna has emerged as one of the key recommendations in the Delhi Development Authority's (DDA) proposed river rejuvenation plan. The recommendation aims to improve coordination among states sharing the Yamuna basin while accelerating pollution control, wastewater management and ecological restoration efforts. The draft plan also calls for stricter timelines for infrastructure projects, enhanced governance mechanisms and integrated river management to revive the river across Delhi.Read more

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Allcargo Group, National Maritime Foundation partner to strengthen maritime and logistics research

9 hours ago

Allcargo Group has signed a Memorandum of Understanding (MoU) with the National Maritime Foundation (NMF) to promote research, knowledge creation and policy dialogue across India's maritime, logistics and supply chain sectors. The collaboration will bring together industry experts, policymakers and academic institutions to undertake joint research projects, organise conferences and workshops, and develop future-ready logistics solutions. The initiative also seeks to strengthen industry-academia engagement by supporting research scholars and contributing to India's long-term maritime and logistics development agenda.Read more

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Landslides disrupt traffic on Kedarnath Highway as restoration work begins

10 hours ago

Heavy rainfall triggered multiple landslides and erosion along the Kedarnath Highway in Uttarakhand's Rudraprayag district, disrupting vehicular movement and affecting connectivity to one of the state's most important pilgrimage routes. District authorities have launched restoration work, deployed machinery at affected locations and instructed officials to expedite road clearance. The administration is closely monitoring the situation while urging travellers to exercise caution as monsoon conditions continue across the Himalayan region.Read more

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Wyndham Hotels signs 11 properties across India in first half of 2026, expands pilgrimage-city footprint with Ayodhya opening

10 hours ago

Wyndham Hotels and Resorts, the world's largest hotel franchising company, signed 11 new hotels across India during the six months to June 2026. The expansion was attributed to growing owner confidence and the long-term potential of India's hospitality sector, supported by rising travel and tourism activity, expanding middle-class mobility, and steady domestic demand. The period also saw the opening of Ramada Encore by Wyndham in Ayodhya, extending the group's presence in pilgrimage destinations, alongside a new property in Nepal. Wyndham now has more than 150 hotels operating and under development across India.Read more

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Mumbai Port Authority to intensify action against Eastern Waterfront lease defaulters

11 hours ago

Mumbai Port Authority (MbPA) has announced a stricter enforcement strategy against lease rental defaulters and unauthorised occupants across its Eastern Waterfront land parcels. The initiative seeks to recover pending dues, address lease violations and ensure better utilisation of port-owned land earmarked for future redevelopment. The move forms part of the Authority's broader efforts to strengthen land governance, improve revenue realisation and facilitate implementation of major infrastructure and waterfront development projects planned for Mumbai's eastern coastline.Read more

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Bengaluru tops apartment sales in H1 2026 as housing demand remains strong across major cities

11 hours ago

India's residential market remained stable during the first half of 2026, with apartment sales rising 3 per cent year-on-year across the country's seven major cities, according to JLL India. Bengaluru emerged as the top-performing market, recording the highest apartment sales and a sharp increase in new launches. The city's strong employment base, expanding Global Capability Centres (GCCs), infrastructure upgrades and growing demand for premium homes continued to support residential activity. The report also highlighted a significant rise in demand for homes priced between INR 1 crore and INR 3 crore.Read more

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Cabinet approves INR 5,070 crore PM Surya Sarovar Yojana to develop 5,000 MW floating solar projects

12 hours ago

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) with a total outlay of INR 5,070 crore to develop 5,000 MW of floating solar photovoltaic projects integrated with energy storage systems. The scheme aims to utilise reservoirs and inland water bodies for clean energy generation while reducing dependence on land-based solar projects. It will provide financial assistance for project development and feasibility studies, strengthen grid reliability, support domestic manufacturing, generate employment, and contribute to India's renewable energy and climate goals over the coming years.Read more

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UP RERA registers 143 new projects in H1 2026 as housing units and investments rise

12 hours ago

Uttar Pradesh's real estate sector recorded steady growth during the first half of 2026, with UP RERA registering more projects, higher proposed housing units and increased investments compared to the corresponding period last year. While Lucknow led in new project registrations, Gautam Buddh Nagar remained the largest market in terms of investment and proposed housing supply. The report also highlighted the state's consistent real estate growth over the past three years, along with UP RERA's efforts in consumer protection through refunds, dispute resolution and grievance redressal initiatives.Read more

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Andhra Pradesh attracts INR 5,750 crore renewable energy projects by Tata Power and Suzlon

13 hours ago

Andhra Pradesh has taken another step towards expanding its renewable energy sector with Tata Power and Suzlon beginning work on projects worth INR 5,750 crore in Kurnool and Anantapur districts. The developments include 400 MW solar and 400 MW wind power projects that are expected to create around 4,000 construction jobs and provide lease income to over 1,100 farming families. The state government said the projects reflect renewed investor confidence and support its long-term plan to build a large clean energy ecosystem with a target of developing 160 GW of clean energy capacity.Read more

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Odisha issues high alert as Mahanadi faces medium flood threat

13 hours ago

The Odisha government has placed its flood management machinery on high alert as the Mahanadi river system is expected to witness a medium flood following heavy inflows from upstream catchment areas. Authorities have activated emergency response measures, mobilised rescue teams and directed district administrations to closely monitor vulnerable locations. The state is also coordinating reservoir management and relief operations to minimise the impact on people living in low-lying areas along the Mahanadi basin.Read more

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Couche-Tard to acquire Poland’s Zabka in USD 8.7 billion deal, expands Central Europe presence

14 hours ago

Canadian convenience store operator Couche-Tard has announced plans to acquire Polish retailer Zabka in a deal valued at around USD 8.7 billion, making it the company’s largest acquisition to date. The transaction will significantly strengthen Couche-Tard’s presence in Central and Eastern Europe and nearly double its store network across the region. Backed by shareholders representing around 57% of Zabka’s share capital, the deal is expected to close by December 2026, subject to regulatory approvals and other customary conditions. The Zabka brand and franchise model will continue unchanged after the acquisition.Read more

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Kerala Vigilance closes probe against CM in 2018 flood rehabilitation case

14 hours ago

The Vigilance and Anti-Corruption Bureau (VACB) has closed its preliminary inquiry into allegations against Kerala Chief Minister Pinarayi Vijayan and Leader of Opposition V.D. Satheesan in connection with the Punarjani rehabilitation initiative launched after the 2018 floods. The agency stated that it found no evidence to substantiate allegations of misuse of foreign contributions or financial irregularities under the project. The closure brings an end to the vigilance examination initiated following complaints regarding the implementation of the rehabilitation programme.Read more

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NPCI International and Maldives Monetary Authority launch UPI integration with Maldives' Favara instant payment system

15 hours ago

NPCI International Payments Ltd (NIPL) and the Maldives Monetary Authority (MMA) have announced the successful launch of an integration between the Maldives' Favara instant payment system and India's Unified Payments Interface (UPI). Following the launch on Thursday, individuals in the Maldives can transfer funds in real time to UPI-enabled bank accounts in India. The service has begun with two participating banks, Bank of Maldives Plc and Maldives Islamic Bank Plc. Subsequent phases will introduce QR-based merchant payments and other cross-border digital payment services between the two countries.Read more

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Farming family offers 5 acres for Amaravati capital land pooling

15 hours ago

A farming family from Penumaka village has voluntarily offered 5 acres of land under the Amaravati land pooling scheme for the development of Andhra Pradesh's capital city. The family submitted its consent documents to the Andhra Pradesh Capital Region Development Authority (APCRDA) at its Rayapudi headquarters in the presence of senior officials. The move comes as the state government continues efforts to accelerate Amaravati's development through voluntary land pooling. The family also appealed to other landowners in the capital region to cooperate with the authorities during the ongoing land pooling process.Read more

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Forest department refutes Thane civic chief’s claim over INR 2,800 crore TDR dispute

16 hours ago

The Maharashtra forest department has disputed Thane Municipal Commissioner Saurabh Rao’s claim that the ongoing INR 2,800 crore Transferable Development Rights (TDR) dispute arose because the department failed to challenge a Bombay High Court order within the prescribed time. Senior officials said the proposal to file a Special Leave Petition (SLP) remained pending with the state Law and Judiciary Department for nearly two months before the department decided to proceed independently. The dispute relates to a decades-old ownership battle over nearly 193 acres of land in Thane and has also attracted political attention due to the land's high value.Read more

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Razorpay named among World's Top Fintech Companies 2026 by CNBC and Statista for fourth consecutive year

16 hours ago

Razorpay, an Indian omnichannel payments platform for businesses, has been included in the 2026 edition of the World's Top Fintech Companies list compiled by CNBC and Statista, marking its fourth consecutive appearance. The company is one of eight Indian firms featured this year and has been recognised in the Payments category. The ranking evaluated more than 3,500 companies across over 50 countries and territories, with 500 companies making the final list. Razorpay serves businesses across India, Malaysia and Singapore, and was founded in 2014 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur.Read more

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Amaravati directs stricter road safety measures for construction vehicles across capital city projects

17 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) has strengthened road safety and traffic management measures across Amaravati Capital City by directing all implementing agencies to follow stricter rules for construction vehicles. A review meeting involving transport, engineering and project officials focused on enforcing speed limits, preventing overloading, improving traffic signage and increasing driver awareness. The authorities also decided to bring all project vehicles under the APCRDA QR Code Identification System to improve monitoring and accountability as infrastructure works continue across the capital city.Read more

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Shadowfax posts INR 65.40 crore profit in Q1 as revenue jumps 65%

17 hours ago

Shadowfax Technologies reported a strong financial performance for the first quarter of FY27, with net profit rising more than eight times year-on-year to INR 65.40 crore, supported by robust revenue growth and a sharp increase in delivery volumes. The third-party logistics company also expanded its operational footprint by adding capacity and increasing service coverage across the country. Growth in both express parcel and hyper-local deliveries helped drive performance, while the company continued investing in infrastructure to support future expansion and strengthen its position in India's fast-growing logistics sector.Read more

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Realia Business approves two related-party construction contracts with FCC Construcción worth EUR 66.91 million

18 hours ago

Realia Business SA has approved two related-party construction contracts with FCC Construcción, dated 29 July 2026. The first contract was awarded for EUR 27.91 million, and the second for EUR 39.00 million, taking the combined value of the two contracts to approximately EUR 66.91 million. The approvals were disclosed by Realia on Thursday. Further details on the scope, location or nature of the underlying projects were not provided in the disclosure.Read more

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ITC's Q1 FY27 profit declines 15.6% as higher expenses offset strong revenue growth

18 hours ago

ITC Ltd reported a 15.6 per cent year-on-year decline in its consolidated net profit for the first quarter of FY27 as a sharp rise in expenses weighed on earnings despite strong revenue growth. The company recorded double-digit growth in revenue from operations, supported by robust performance across its businesses and group companies. ITC also highlighted continued resilience in rural and urban demand but cautioned that imported inflation, geopolitical tensions in West Asia, monsoon variability and emerging El Niño conditions remain key risks for the Indian economy and business environment.Read more

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Sebi bars Zee Entertainment and key executives over Hyderabad land pledge

03 Aug 2026

The Securities and Exchange Board of India (Sebi) has barred Zee Entertainment Enterprises Ltd (ZEEL) from the securities market for two months and its Chairman Emeritus Subhash Chandra and Managing Director & CEO Punit Goenka for one year over the unauthorised pledge of the company's Hyderabad land to secure loans taken by promoter-linked Essel Group entities. In addition to the market restrictions, Sebi imposed cumulative penalties of INR 1.48 crore on the company and the two executives. The regulator found that ZEEL failed to obtain mandatory approvals and did not disclose the related-party transaction in its financial statements, despite senior management being aware that the property had been pledged as collateral.Read more

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NH-48's Gurugram–Jaipur stretch goes barrier-free with MLFF tolling from August 1

03 Aug 2026

The National Highways Authority of India (NHAI) has operationalised the country's first fully barrier-less tolling corridor on the Gurugram–Jaipur stretch of NH-48 under the Multi-Lane Free Flow (MLFF) toll collection system. Effective from August 1, 2026, all toll plazas on the corridor have transitioned to the technology-driven system, enabling uninterrupted vehicle movement through FASTag and Automatic Number Plate Recognition (ANPR). The initiative aims to reduce congestion, improve travel efficiency, strengthen toll compliance and support India's next phase of intelligent highway infrastructure.Read more

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Cabinet approves revised policy to boost investment and capacity at major ports

03 Aug 2026

The Union Cabinet has approved a revised policy for awarding waterfront and associated land to port-dependent industries at major ports, replacing key provisions of the 2016 framework. The policy allows concession renewals of up to 30 years for eligible existing operators, creates a structured process for capacity expansion, and introduces a framework for government organisations to receive waterfront land without competitive bidding under specified conditions. It also includes provisions to address regulatory changes and unforeseen events, with the government expecting the reforms to improve cargo handling, strengthen supply chains and encourage fresh investment in port-led industrial development.Read more

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Tourism Ministry partners with IndiGo to expand Incredible India campaign globally

03 Aug 2026

The Ministry of Tourism has entered into a two-year strategic partnership with IndiGo to strengthen the promotion of India as a preferred global tourism destination under the Incredible India brand. The non-exclusive and non-financial collaboration will leverage IndiGo's extensive domestic and international network to showcase India's tourism offerings through digital, print, airport branding, in-flight platforms and global travel events. The initiative follows a similar agreement signed with Air India in the past week, reflecting the government's broader strategy to enhance India's visibility across key domestic and international tourism markets.Read more

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Taylor Wimpey cuts shareholder payouts and lowers UK home completions target amid weak housing demand

03 Aug 2026

Taylor Wimpey has reduced its shareholder distribution policy and narrowed its UK home completions guidance as affordability concerns and economic uncertainty continue to affect the housing market. The company is slowing construction activity and reducing land acquisitions in response to weaker buyer demand. While it returned to profit during the first half compared to the previous year, it expects market conditions to remain challenging, with home prices staying below last year's levels and construction costs continuing to rise. The move reflects the cautious approach being adopted by major UK housebuilders.Read more

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NHAI launches nationwide initiative to upgrade public toilets at toll plazas

03 Aug 2026

The National Highways Authority of India (NHAI) has launched a nationwide initiative to upgrade public toilet facilities at toll plazas across the National Highway network. The programme aims to improve commuter convenience by renovating existing sanitation blocks and building new ones using standardised indigenous designs with sustainable infrastructure. The initiative also introduces a performance-based maintenance model supported by Internet of Things (IoT)-based live monitoring systems to ensure high standards of cleanliness, functionality and long-term upkeep of the facilities.Read more

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Sebi clarifies off-market sale of unlisted shares will not be treated as public issue within 200-investor limit

03 Aug 2026

The Securities and Exchange Board of India (Sebi) has clarified that off-market sales of unlisted equity shares by an existing shareholder through privately negotiated transactions will not be considered a deemed public issue, provided the number of buyers does not exceed 200 in a financial year. The clarification came in response to IDBI Bank's request regarding its proposed sale of unlisted equity investments. Sebi said such transactions are secondary share transfers and do not amount to a company offering securities to investors. The regulator also clarified that contractual rights such as the right of first refusal can be honoured during such transfers.Read more

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Aurionpro secures INR 50 crore MMRDA order for Mumbai Metro AFC expansion

03 Aug 2026

Aurionpro Solutions has secured an additional INR 50 crore contract from the Mumbai Metropolitan Region Development Authority (MMRDA) to expand the Automatic Fare Collection (AFC) system on Mumbai Metro Line 5. The order will strengthen the metro's ticketing and passenger management infrastructure by deploying advanced fare collection technologies across additional stations. The contract reinforces Aurionpro's role in Mumbai's expanding metro network while supporting the city's efforts to enhance commuter convenience through digitally integrated public transport systems.Read more

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LIC Housing Finance posts 9% rise in Q1 FY27 net profit despite lower income

03 Aug 2026

LIC Housing Finance reported a 9% year-on-year increase in its net profit for the first quarter of FY27, supported by lower expenses and an improvement in asset quality. While the company's total income and interest income declined compared to the corresponding period last year, its gross and net non-performing assets (NPAs) showed further improvement. The latest quarterly performance reflects continued focus on maintaining asset quality and cost control, even as revenue remained under pressure amid the evolving lending environment.Read more

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HSBC to sell Australian home and personal loan portfolio worth USD 25.3 billion to Blackstone

03 Aug 2026

HSBC has agreed to sell its Australian home and personal loan portfolio valued at AUD 36 billion (USD 25.3 billion) to Blackstone in what is being described as the world's largest home loan portfolio transaction. The deal forms part of HSBC's ongoing global restructuring strategy aimed at exiting non-core retail businesses and strengthening its corporate and institutional banking operations. Subject to regulatory approvals, the transaction is expected to be completed in the first half of 2027. Blackstone will manage the portfolio through multiple investment funds, with Pepper Money overseeing loan servicing in Australia.Read more

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