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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China's property crisis continues despite Evergrande founder's life sentence

56 seconds ago

China’s property crisis is entering its sixth year, with falling home prices, weak land sales, declining construction activity and unfinished housing projects continuing to weigh on the economy. The sentencing of Hui Ka Yan, founder of China Evergrande, to life in prison has again drawn attention to the depth of the sector’s problems, but analysts see no immediate resolution. The prolonged housing downturn has also weakened household consumption and pushed China to rely more heavily on exports. While some analysts expect the worst to be over, others believe prices still have further to fall before the market reaches equilibrium.Read more

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Haryana RERA orders three-month civil imprisonment for Ansal Properties working director over defiance of authority orders

30 minutes ago

The Haryana Real Estate Regulatory Authority (HRERA), Panchkula, has awarded three months' civil imprisonment to Jagath Chandra, working director of Ansal Properties and Infrastructure Ltd, for repeatedly defying the authority's orders in an execution petition pending since 2022. Major Phalit Sharma (retd), Adjudicating Officer, HRERA, issued the order on 17 August after Chandra neither appeared in person to respond to a show-cause notice, despite being given a third opportunity, nor appeared through video-conferencing. The order directs that a warrant of arrest be issued against her once the decree holder deposits the requisite subsistence allowance.Read more

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IIFCL raises USD 200 million through two ECB transactions

1 hour ago

India Infrastructure Finance Company Limited (IIFCL) has raised USD 200 million through two external commercial borrowing transactions, marking the first mobilisation under its larger USD 1.8 billion overseas fundraising programme. The state-owned infrastructure finance institution received government approval to raise about USD 1.8 billion through ECBs and plans to access international markets in multiple tranches. A significant portion of the broader programme is expected to comprise long-term borrowings with tenures of up to 15 years, including funding under the MIGA Guarantee Facility. The funds will support IIFCL’s infrastructure financing activities in India.Read more

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IHCL to acquire Oriental Hotels through share-swap merger

1 hour ago

Indian Hotels Company Ltd (IHCL), part of the Tata Group, and its associate company Oriental Hotels Ltd (OHL) have approved a Scheme of Arrangement to merge OHL with IHCL through an all-stock transaction. Under the proposed scheme, OHL shareholders will receive 25 IHCL shares for every 117 OHL shares held. The transaction has an appointed date of April 1, 2027, and is targeted for completion in the second half of FY2028, subject to statutory approvals. OHL operates seven hotels with 825 rooms, including Taj Coromandel and Taj Fisherman’s Cove in Chennai and Taj Malabar Resort & Spa in Kochi.Read more

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Karnataka's new Apartment Bill grants sweeping powers to officials, raising concerns among residents

2 hours ago

The Karnataka Legislative Assembly has passed the Karnataka Apartment (Ownership and Management) Bill, 2026, which seeks to replace two more than five-decade-old laws governing apartment ownership in the state. The Bill vests a designated competent authority with powers similar to a civil court to adjudicate disputes between apartment owners, associations and developers, while barring civil courts from hearing matters that fall within its jurisdiction. It also allows redevelopment of ageing buildings with 75 per cent owner consent, with dissenting owners' properties subject to compulsory acquisition at twice the prevailing market value, a provision that has drawn concern from residents and civic groups.Read more

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HSBC India opens new branch in Nashik as part of wealth banking expansion strategy

2 hours ago

HSBC India has inaugurated a new branch in Nashik, Maharashtra, as part of its wider strategy to expand wealth banking services for affluent, high-net-worth and non-resident Indian clients across emerging growth centres. Nashik, which has a proposed investment pipeline of 314 projects worth over INR 14,000 crore, joins a list of cities where HSBC has opened branches following Reserve Bank of India approval in 2025 for 20 new locations. The bank now operates 34 branches across 22 Indian cities.Read more

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Tata Power Renewable Energy commissions 190.5 MW solar-storage project in Bikaner

3 hours ago

Tata Power Renewable Energy has commissioned a 190.5 MW solar firm and dispatchable renewable energy (FDRE) project at Kalasar, Bikaner, Rajasthan, forming part of a larger 460 MW FDRE project that combines solar generation with energy storage to enable on-demand power delivery. The project will supply energy to discoms HPPC, MSEDCL and NPCL. With this commissioning, the company's total renewable utility capacity has reached 12.4 GW, of which around 6.9 GW is currently operational.Read more

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Gurugram RWA plans to withhold payments over delayed maintenance handover at BPTP Park Serene

Gurugram News Desk

3 hours ago

Residents of BPTP Park Serene in Gurugram's Sector 37D have escalated their dispute with the developer over the delayed transfer of maintenance responsibilities to the residents' welfare association. The RWA has decided to withhold maintenance-related payments until the handover process is completed and outstanding concerns are addressed. Residents say the prolonged impasse has affected the management of the society and created uncertainty over maintenance arrangements. The dispute adds to wider concerns among residents in Gurugram housing societies over maintenance charges, transparency and the transition of services from developers to RWAs.Read more

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India’s renewable energy expansion intensifies need for battery storage capacity

4 hours ago

India’s rapid addition of renewable power capacity is increasing the need for battery energy storage systems and pumped storage projects, while domestic battery-cell manufacturing remains far below projected demand. Industry stakeholders said the country currently has only around 2 GWh of commissioned cell manufacturing capacity against an estimated 260 GWh demand pipeline from competitive tenders in 2026. Storage is increasingly required to manage fluctuations in solar generation and provide electricity during non-solar hours. NTPC has been allocated 5 GWh of battery storage capacity under the Viability Gap Funding scheme. Research by Wood Mackenzie indicates India could take more than a decade to become self-sufficient in battery storage.Read more

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Pune registration department urges landlords and tenants to register rent agreements

Pune News Desk

4 hours ago

Pune's registration department has urged landlords and tenants to complete registration of rent agreements, warning that non-compliance with applicable requirements could lead to police action. The advisory follows an intensified verification drive in the city, during which authorities have reportedly taken action against landlords who failed to maintain properly registered agreements. Officials have stressed that registration provides a formal record of the tenancy and helps authorities verify occupants. The move is also intended to improve tenant identification and strengthen documentation around residential properties, particularly amid increased scrutiny of rental arrangements across Pune.Read more

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Ladakh reviews commercial flight plans for Thoise and Kargil airports

25 Aug 2026

Ladakh Lieutenant Governor Vinai Kumar Saxena has reviewed preparations to start commercial civil flight operations from Thoise Airport in Nubra Valley and Kargil Airport. The review meeting with the Ministry of Defence, Indian Air Force, Airports Authority of India and Ladakh Administration focused on infrastructure, regulatory and operational requirements. The Indian Air Force has approved five acres for a new civil terminal at Thoise, where runway recarpeting is underway and civil operations are targeted to begin by December from a refurbished chartered flight terminal. A joint inspection of Kargil Airport is scheduled for September 1 to assess its readiness.Read more

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AERA cuts Bengaluru airport user fee for domestic and international passengers

25 Aug 2026

Airport regulator AERA has reduced the User Development Fee (UDF) at Bengaluru airport to INR 300 for departing domestic passengers and INR 997 for departing international passengers for the current five-year control period. The revised charges will take effect from September 1, 2026. AERA has also introduced the incremental Average Revenue Requirement framework for the first time, allowing the airport operator to recover costs of major capital projects only after they are completed and commissioned. The regulator said the approach would prevent passengers from paying upfront for airport infrastructure that is not yet operational.Read more

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Physical boarding pass stamping at Indian airports to end from September 1

25 Aug 2026

Passengers travelling abroad from Indian airports will no longer need to carry a physical boarding pass for immigration stamping from September 1. The Bureau of Immigration under the Ministry of Home Affairs has directed airport authorities to stop stamping boarding passes at immigration counters across all international airports. Passengers will instead be required to show an e-boarding pass on their smartphones for immigration clearance. The decision follows complaints that physical stamping was causing inconvenience and leading to errors when boarding passes were stamped incorrectly or could not be read properly.Read more

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Madhya Pradesh, Uttar Pradesh sign power-sharing pact to cut procurement costs

25 Aug 2026

Madhya Pradesh and Uttar Pradesh have signed an agreement to share and procure electricity based on their different seasonal demand patterns. The two states will also explore medium-term power banking arrangements to improve resource utilisation, grid flexibility and energy security. Under the agreement, they will begin procuring 2,000 MW of integrated solar and battery energy storage capacity through a competitive process. The initiative is expected to support more efficient use of generation capacity and reduce reliance on expensive short-term power purchases. It could also attract around INR 10,000 crore of investment in the power and renewable energy sectors.Read more

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Hamad Mohammed Bin Saedan Real Estate signs SAR 13.8 million construction contract

25 Aug 2026

Hamad Mohammed Bin Saedan Real Estate has signed a construction contract worth SAR 13.8 million with Raya Al Omran Contracting Company for the development of its Dar Hamad 3 project. The contract has a duration of 10 months. The company said the financial impact of the agreement is expected to be reflected during the fourth quarter of 2027. The contract covers construction work for the project and adds to the Saudi real estate company’s ongoing development activity. The agreement was disclosed by the company in a recent filing with the Saudi market.Read more

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IHG signs management pact for 200-key voco hotel in Karjat

25 Aug 2026

IHG Hotels & Resorts has signed a management agreement with Discover Resorts Neral Pvt. Ltd. for a 200-key voco-branded property in Karjat, Maharashtra. The existing property will convert to IHG's premium voco brand by early 2028. The signing adds to IHG's expanding India portfolio, which currently comprises 53 operational hotels across seven brands, alongside a pipeline of 110 hotels expected to open over the next three to five years.Read more

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Horizon Industrial Parks makes flat market debut, lists near IPO price

25 Aug 2026

Blackstone-backed Horizon Industrial Parks Ltd made a muted debut on the Indian stock exchanges on Monday, with its shares listing close to the IPO issue price of INR 60. The stock opened at INR 59.65 on the BSE, down 0.58 per cent, while it started at INR 60.25 on the NSE, up 0.41 per cent. The company was valued at INR 16,873.63 crore at the market debut. Its INR 2,600 crore IPO was subscribed 1.45 times, with proceeds primarily earmarked for repayment of borrowings.Read more

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Ceigall India gets INR 704.70 crore order for Arunachal Pradesh highway

25 Aug 2026

Ceigall India has received Letters of Acceptance from the Ministry of Road Transport and Highways to construct a key section of the Lada-Sarli highway in Arunachal Pradesh for a contract value of INR 704.70 crore, excluding GST. The project will be executed through a joint venture with Sushee Infra & Mining Ltd, with Ceigall India holding a 74% stake and SIML holding the remaining 26%. The work covers an 82.4-km stretch of NH-913, also known as the Frontier Highway, and will be developed on an Engineering, Procurement and Construction basis.Read more

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Maharashtra pushes better inter-department coordination to fast-track deemed conveyance for 67,000 housing societies

25 Aug 2026

Maharashtra Revenue Minister Chandrakant Bawankule has directed officials from the Revenue, Cooperation, Land Records and Inspector General of Registration departments to coordinate and streamline the deemed conveyance process for housing societies across the state. Of the state's approximately 1.15 lakh registered cooperative housing societies, an estimated 60,000 to 70,000 are yet to obtain deemed conveyance. Bawankule directed that the names of registered housing societies be recorded directly on property cards or in the "other rights" section of 7/12 land records to facilitate title transfer, and also addressed issues concerning MHADA-linked societies still facing non-agricultural assessment tax despite its abolition.Read more

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Scentre Group to sell half of Queensland shopping centre for AUD 882.5 million

25 Aug 2026

Scentre Group, owner of the Westfield brand, has agreed to sell a 50% stake in Westfield Mt Gravatt in Queensland to Australian Retirement Trust for AUD 882.5 million, equivalent to USD 632.22 million. The transaction represents a 3.5% premium to the property's December 2025 book value. The deal is part of Scentre's strategy of attracting third-party capital through joint ventures while retaining exposure to its properties. Westfield Mt Gravatt recorded more than 17 million customer visits in the previous year and generated business partner sales of over AUD 1 billion. Scentre will continue managing the shopping centre.Read more

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PNGRB authorises INR 7,000 crore LPG pipeline expansion across six states

25 Aug 2026

The Petroleum and Natural Gas Regulatory Board (PNGRB) has authorised around 1,800 km of new LPG pipeline infrastructure involving an estimated investment of INR 7,000 crore across Telangana, Maharashtra, Uttar Pradesh, Uttarakhand, Karnataka and Goa. The three projects, to be developed by GAIL (India), will expand the country’s PNGRB-authorised common-carrier LPG pipeline network from around 7,700 km to 9,500 km. The expansion is aimed at strengthening LPG supply chains, reducing dependence on road-based tanker movement and improving energy security. The projects are expected to lower logistics costs, reduce road congestion and emissions, and improve supply reliability during disruptions and periods of high demand.Read more

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Mumbai airport to begin Terminal 1 demolition from January 2027

25 Aug 2026

Mumbai’s Chhatrapati Shivaji Maharaj International Airport will begin the first phase of Terminal 1 redevelopment by demolishing the north section of Terminal 1-B from January 2027. Mumbai International Airport Ltd (MIAL), operated by the Adani Group, has started redistributing flights between Terminal 1, Terminal 2 and Navi Mumbai International Airport ahead of the work. At least one-third of international air traffic movements will shift to Navi Mumbai from October, followed by the movement of at least one-third of Terminal 1 traffic to Terminal 2. The phased approach is intended to reduce disruption to airline operations and passengers.Read more

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Godrej Industries Group to invest INR 200 billion in Haryana

25 Aug 2026

Godrej Industries Group has signed a memorandum of understanding with the Haryana government to invest INR 200 billion in the state, with the proposed investment expected to create around 40,000 jobs. The group, which has businesses across consumer goods, real estate and financial services, has already invested about INR 120 billion in Haryana and employs around 9,000 people in the state. Godrej Properties is expected to account for the largest share of the new investment, while Godrej Ventures plans additional spending on office infrastructure in Gurugram. The group reported revenue of USD 7.2 billion in fiscal 2026.Read more

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NCLT removes IRP from stalled Festival City project in Noida over disclosure lapses

Noida News Desk

25 Aug 2026

The National Company Law Tribunal (NCLT) has removed Narender Kumar Sharma from his position as interim resolution professional (IRP) overseeing the stalled Festival City housing project in Sector 143B, Noida, after concerns were raised over his disclosures and authorisation to accept the assignment. The tribunal has appointed Sudhir Kumar Agarwal as the new IRP and directed Sharma to hand over all project records and documents. The project is being developed by Anand Infoedge Pvt Ltd, Mist Avenue Pvt Ltd and Mist Direct Sales Pvt Ltd, which are undergoing insolvency proceedings as corporate debtors.Read more

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Ekta World enters commercial real estate with six-project Bandra-Khar-Santacruz portfolio

Mumbai News Desk

25 Aug 2026

Mumbai-based developer Ekta World has launched The Business District Collection (TBDC), a new premium commercial real estate platform comprising six projects to begin with, spread across Bandra, Khar and Santacruz West. The portfolio brings together individual commercial developments under a common brand, targeting occupiers such as founder-led businesses, professional services firms and corporate leadership teams. Each project will retain its own architectural identity while sharing common design and planning standards, with the company indicating scope for further expansion of the Collection over time.Read more

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Sebi proposes tighter advertising rules for online bond platforms

25 Aug 2026

The Securities and Exchange Board of India (Sebi) has proposed stricter advertising requirements for online bond platform providers (OBPPs), seeking to make digital promotions more transparent and reduce messaging that could influence investors to act without sufficient due diligence. The proposed framework addresses advertising through social media and influencer-led campaigns, while introducing standardised disclosures for advertisements featuring specific securities. It also sets conditions for terms such as “fixed returns” and “high returns”, requiring appropriate risk disclosures and restricting unsupported claims. Stakeholders can submit comments on the consultation paper until September 11.Read more

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NHAI opens 9-km DND-Jaitpur stretch of Delhi-Mumbai Expressway on trial basis

25 Aug 2026

The National Highways Authority of India (NHAI) has opened a 9-km section of the Delhi-Mumbai Expressway between the DND Flyway and Jaitpur for trial traffic, providing a new route between Delhi and Faridabad. The stretch is expected to improve access for commuters from east and south Delhi, as well as Noida and Ghaziabad, towards the Delhi-Mumbai Expressway and destinations such as Jaipur and Sawai Madhopur. Nearly 8.5 km of the section is elevated. The trial is being used to assess traffic movement and operational readiness before formal commissioning.Read more

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Odisha clears 14 investment proposals worth INR 2,780 crore

25 Aug 2026

The Odisha government has approved 14 investment proposals worth INR 2,780 crore, with the projects expected to create more than 14,000 jobs across the state. The proposals were cleared by the State Level Single Window Clearance Authority, chaired by Chief Secretary Anu Garg. The projects are planned across 10 districts, including Angul, Cuttack, Khurda and Sundergarh. Major proposals include Haldiram Snacks Food’s INR 500-crore snacks and baked products manufacturing unit, Prasol Chemicals’ INR 450-crore phosphorous-based derivatives plant and Mahanadi Coalfields’ INR 405.35-crore private railway siding in Angul.Read more

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Two rescued after cargo vessel sinks off Odisha coast, search operation continues

25 Aug 2026

Two people were rescued after Panama-flagged cargo vessel MV Ocean Winner sank in the Bay of Bengal while carrying 24 crew members and 72,100 tonnes of iron ore fines from Odisha’s Paradip coast. The vessel, bound for Singapore, had departed on August 20 and was reportedly transporting the cargo from Paradip towards China. The Indian Coast Guard has intensified search and rescue operations, with nearby commercial vessel MT Aisopos assisting in the response. The crew comprised 20 Chinese, three Myanmarese and one Bangladeshi nationals.Read more

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Housing sales fall 6% across eight major cities in Q2 2026: PropTiger

25 Aug 2026

Housing sales across eight major Indian cities declined 6% year-on-year to 91,729 units in the April-June quarter of 2026, according to PropTiger’s latest Real Insight report. Sales fell in six markets, including Mumbai Metropolitan Region, Delhi-NCR, Bengaluru, Pune, Kolkata and Ahmedabad, while Chennai and Hyderabad recorded growth. PropTiger attributed the decline to cautious buyer sentiment amid global uncertainties, including the West Asia conflict and concerns over the potential impact of artificial intelligence on jobs. At the same time, new housing supply increased 6% to 89,161 units during the quarter.Read more

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Starbucks India prepares for renewed store expansion after business model reset

25 Aug 2026

Starbucks India is preparing to accelerate store additions after spending the past 18–24 months reassessing its business model amid weaker discretionary consumption. Tata Consumer Products MD and CEO Sunil D’Souza said the company has recorded four consecutive quarters of same-store sales growth, indicating improving performance. Tata Starbucks, the 50:50 joint venture between Tata Consumer Products and Starbucks Corporation, operated 498 stores across about 80 Indian cities at the end of the June quarter. The renewed strategy will focus on adding outlets and increasing store density in existing markets, where the company sees operating efficiencies once a city has more than five stores. The business is targeting longer-term expansion in India.Read more

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Bengal gets INR 3,500 crore defence manufacturing push with five expansion projects

25 Aug 2026

Defence Minister Rajnath Singh has laid the foundation stone for five brownfield expansion projects of Garden Reach Shipbuilders and Engineers (GRSE) and Yantra India Limited (YIL) in West Bengal, involving nearly INR 3,500 crore. The projects span shipbuilding and repair facilities at Kidderpore, Shalimar and Raichak, along with advanced metallurgical facilities at Ishapore. The investments are aimed at increasing defence production capacity, strengthening domestic supply chains and creating employment opportunities. The projects are also expected to support ancillary industries, particularly MSMEs, while strengthening West Bengal’s industrial ecosystem and India’s ambitions in shipbuilding and defence manufacturing.Read more

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NICMAR University hosts 10th ICCRIP conference on sustainable urban development

25 Aug 2026

NICMAR University, Pune, is hosting the 10th International Conference on Construction, Real Estate, Infrastructure and Project Management (ICCRIP 2026) at its Baner campus. The two-day conference brings together industry leaders, academicians, researchers, practitioners and other experts to discuss issues shaping India’s built environment. The first day focused on sustainable urban development, institutional capacity and effective project delivery, with discussions highlighting the need to connect policy with execution and strengthen collaboration between academia, industry and policymakers. The conference also includes research papers, case studies, a doctoral colloquium, hackathon, workshops and industry-focused sessions.Read more

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Supreme Court restores construction curbs on builder in SoBo twin-tower case, relief for residents

25 Aug 2026

The Supreme Court has provided relief to residents of twin residential towers in South Mumbai by restoring restrictions on construction activity by the developer. The order follows concerns raised by residents over the impact of ongoing construction in the densely developed South Mumbai locality. By reinstating the curbs, the apex court has revived restrictions that had previously been imposed on the builder. The case highlights continuing legal disputes surrounding construction activity in established residential neighbourhoods, where development work can raise concerns relating to residents’ living conditions and the impact of adjoining construction.Read more

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Apartments, plots, villas or branded residences: Which residential format is winning India’s property market

25 Aug 2026

India’s residential real estate market is seeing a shift towards premium housing, larger living spaces and lifestyle-oriented developments. While apartments continue to account for the largest share of housing transactions in major metropolitan markets, plotted developments are gaining attention for their land ownership and potential capital appreciation. Independent villas remain concentrated in the luxury segment, while managed and branded residences are emerging as an option for buyers seeking rental income and professional property management. The performance of each format therefore varies depending on whether the priority is transaction volume, appreciation, lifestyle, rental yield or convenience.Read more

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Pride Hotels plans INR 1,000 crore IPO by December as hotel portfolio expansion accelerates

25 Aug 2026

Pride Hotels is planning to launch its initial public offering (IPO) by December, with the proposed issue expected to be valued at around INR 1,000 crore. The hospitality chain is pursuing an expansion strategy focused on leisure destinations, wedding and corporate events, and pilgrimage locations. Chief Executive Officer Satyen Jain said the company’s rapid addition of properties has been a key component of its growth strategy. Pride Hotels has opened nine hotels over the past 12 months, including its recently launched property in Indore. The proposed IPO comes as the hotel operator continues to expand its portfolio across multiple hospitality segments and markets, with the company seeking to support its growth through a broader presence across leisure, events and pilgrimage-led destinations.Read more

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Delhi’s INR 9.62 crore Madhuban Chowk skywalk-cum-FOB targeted for November completion

Delhi News Desk

25 Aug 2026

Delhi’s Public Works Department is developing a skywalk-cum-foot overbridge at Madhuban Chowk on the Outer Ring Road, with about 60% of the work completed and the facility targeted to be ready by November 30, 2026. The INR 9.62 crore project is intended to provide grade-separated pedestrian connectivity between Pitampura Metro Station, Madhuban Chowk Metro Station and Rohini District Court. It will also facilitate movement between the Red and Magenta Metro lines while reducing the need for pedestrians to cross the busy road junction at ground level.Read more

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Raidurg land parcel fetches record INR 264 crore per acre in Hyderabad auction

25 Aug 2026

A 5.25-acre land parcel in Hyderabad’s Raidurg area has fetched a record INR 264 crore per acre in an e-auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC). The Plot P1 parcel in Survey No. 83/1, located in the Knowledge City layout at Raidurg Panmaktha, generated around INR 1,386 crore. The winning bid was 50.9% above the reserve price of INR 175 crore per acre and surpassed the previous record of INR 237 crore per acre achieved in the same corridor earlier this year.Read more

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RBI penalises Shri Ram Finance and Progfin for compliance lapses

25 Aug 2026

The Reserve Bank of India (RBI) has imposed monetary penalties on Shri Ram Finance Corporation and Progfin for non-compliance with certain regulatory provisions and directions. Shri Ram Finance has been fined INR 8.10 lakh, while Progfin has been penalised INR 2.70 lakh. The RBI said Shri Ram Finance failed to obtain prior written approval before appointing a director, resulting in a change in management, and also did not have a required customer risk categorisation system. It also failed to upload certain KYC records to the Central KYC Records Registry within the prescribed timeline. Progfin was penalised for not conducting periodic reviews of customer risk categorisation at least once every six months.Read more

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Dilmah invests USD 1 million to enter India’s luxury hospitality tea segment

25 Aug 2026

Sri Lankan tea major Dilmah is investing USD 1 million in India to establish a premium tea business with luxury hospitality as its first major market. Over the past 14 months, the company has developed Thambapanni, an India-specific collection made with tea, herbs and spices sourced from 26 Indian growers and packed locally. Dilmah plans to work with luxury hotels and hospitality operators before expanding the brand into direct-to-consumer, quick-commerce and e-commerce channels. The company also plans to introduce Dilmah Urban Estate tea lounges as part of its longer-term retail strategy. A new manufacturing plant in Coimbatore is expected to begin supporting exports from 2028. Dilmah, which operates in 108 countries, aims to make India one of its top 10 global markets within the next decade.Read more

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Bengaluru Metro Blue Line to be fully operational by March 2028

25 Aug 2026

Bengaluru’s 58-km Blue Line, connecting Central Silk Board with Kempegowda International Airport (KIA), is expected to become fully operational by March 2028, with different sections scheduled to open in phases from 2027. The Central Silk Board-KR Pura section is targeted for commercial operations by mid-2027, while the Hebbal-KIA section is expected to be ready by September 2027. The remaining KR Pura-Hebbal section is likely to be completed between December 2027 and March 2028. Construction complexities along the Outer Ring Road and provisions for future integration with the proposed Orange Line have affected the overall timeline.Read more

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Orris Infrastructure MD Amit Gupta arrested in cheating case linked to Godrej project

25 Aug 2026

Orris Infrastructure managing director Amit Gupta has been arrested by Mumbai Police in connection with a case filed by Godrej Properties over alleged forgery, cheating, criminal breach of trust and criminal conspiracy. The case relates to the Godrej Air project in Sector 85, Gurugram, where Godrej Properties and Orris Infrastructure were partners. Police arrested Gupta in Amritsar and he has been remanded to police custody until August 27. The complaint alleges that statutory records of the project’s LLP were changed without authorisation and that Godrej Properties’ 37.5% interest in the partnership was allegedly transferred.Read more

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NHAI to take over 110-km Kozhikode-Wayanad NH-766 stretch by October

25 Aug 2026

The National Highways Authority of India (NHAI) is expected to take over the 110-km NH-766 stretch between Vellimadukunnu in Kozhikode and Muthanga in Wayanad by October 2026, paving the way for detailed planning of its proposed four-laning. NHAI is preparing to establish a site office at Kalpetta to oversee the corridor, while the Detailed Project Report will be prepared under its Kozhikode project office. The proposed development covers the full Vellimadukunnu-Muthanga corridor and includes consideration of alternative routes and bypasses to address congestion and improve connectivity through the region.Read more

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SBI buys Kharadi commercial property in Pune for INR 414 crore

Pune News Desk

25 Aug 2026

State Bank of India (SBI) has acquired a commercial property at Kharadi Knowledge Park in Pune for INR 414 crore, comprising leasehold rights over an 8,581 sq m land parcel and outright ownership of a 15-storey commercial building. The property, acquired from Siddhivinayak Enterprises, includes around 1.84 lakh sq ft of built-up space and 200 car parking spaces. The transaction was registered on 14 August 2026 through a deed of assignment and attracted INR 28.98 crore in stamp duty. The acquisition is intended to provide premises for SBI’s Local Head Office for its Maharashtra Circle. The bank had invited bids in 2023 for ready-built premises in Kharadi, Viman Nagar or Baner for this purpose.Read more

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Centre clears Nagaland’s state law route for NH-202 land acquisition

25 Aug 2026

The Union government has allowed Nagaland to proceed with land acquisition under the Nagaland Land (Requisition and Acquisition) Act, 1965, for widening National Highway-202. The decision removes a key legal hurdle that had delayed the proposed upgrade of the existing single-lane highway to a two-lane road. The issue had centred on whether land should be acquired under the National Highways Act, 1956, or the state’s 1965 law, with Nagaland citing constitutional safeguards under Article 371(A). The Centre has also accepted the existing Detailed Project Report for NH-202 with technical modifications.Read more

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41 returnable plots allotted to 23 Amaravati farmers through e-lottery

25 Aug 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has allotted 41 returnable plots to 23 farmers from Undavalli village who contributed their land for the construction of the Seed Access Road in Amaravati. The allotment was carried out through an online e-lottery at the APCRDA office in Rayapudi, with a trial run conducted before the live draw. The process resulted in the allotment of 26 residential and 15 commercial plots. Provisional certificates were handed over to the beneficiaries, while officials advised them to complete registration and said GIS and survey teams would help identify their plots.Read more

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NHAI, National Road Safety Board discuss measures to improve highway safety

25 Aug 2026

The National Highways Authority of India (NHAI) and the National Road Safety Board discussed measures to strengthen road safety governance, improve safety standards on National Highways and reduce accidents. The meeting reviewed the existing road safety management system, including highway engineering, operations, safety audits and black spot management. The two institutions also examined current institutional arrangements and identified areas where a safe system approach could further improve road safety. The proposed approach covers risk identification, highway engineering and operations, commercial vehicle safety, emergency response, digital monitoring, governance and a long-term road safety strategy.Read more

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NGT clears legal status of 95 acres for Bijwasan railway project

25 Aug 2026

The National Green Tribunal has disposed of a plea seeking to classify 95 acres of land earmarked for the redevelopment of Bijwasan railway station in southwest Delhi as deemed forest. The tribunal said the Supreme Court had already settled the legal status of the land and held that its subsequent vegetation growth could not change the land-use position established under the statutory Master Plan. The Supreme Court had earlier found that the land was acquired as agricultural land and was not recorded or declared as forest when the Master Plan came into force. The NGT has now applied that ruling to the 95-acre parcel.Read more

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Two new sewage treatment plants planned in Uttar Pradesh to improve wastewater management

25 Aug 2026

The National Mission for Clean Ganga (NMCG) has signed concession agreements for two sewage treatment plant projects in Uttar Pradesh, covering Varanasi and Pt Deen Dayal Upadhyay Nagar. The projects include a 60 million litres per day (MLD) STP at Lohta in Varanasi and a 45 MLD STP at Pt Deen Dayal Upadhyay Nagar. The plants will intercept untreated sewage entering the Varuna River and the Ganga through local drains. Both projects will be developed under the Hybrid Annuity-based Public-Private Partnership model, with Uttar Pradesh Jal Nigam (Rural) as the executing agency.Read more

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Delhi to ban construction activities from December 10 to January 20 to curb winter pollution

25 Aug 2026

The Delhi government has announced a complete ban on construction activities across the city from December 10 to January 20 as part of its measures to control winter air pollution. Chief Minister Rekha Gupta said construction sites larger than 500 square metres will be monitored through the government’s Dust Portal and AI-enabled cameras. The move follows concerns that construction continued at some sites during the previous winter despite restrictions under the Graded Response Action Plan. The government will use real-time monitoring, alerts and enforcement action to identify violations during the ban period.Read more

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