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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Prozeal Green Energy eyes INR 700 crore IPO in FY27 after securing ONGC wind energy contract

7 minutes ago

Ahmedabad-based Prozeal Green Energy is preparing to launch its INR 700 crore initial public offering (IPO) in the second quarter of FY27 after receiving regulatory approval from SEBI. The development comes shortly after the company secured a major contract from ONGC to develop 250 MW of captive, interstate transmission system (ISTS)-connected wind power projects worth over INR 2,000 crore. The order marks Prozeal's entry into the utility-scale wind energy segment and strengthens its position in India's growing renewable energy sector as it looks to expand operations and support future growth.Read more

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Inside Mumbai’s Most Talked-About Dining Destinations

37 minutes ago

Mumbai’s dining culture continues to evolve into a mix of experimental kitchens, global cuisines, neighbourhood social hubs and heritage-inspired restaurants that reflect the city’s shifting lifestyle patterns. Moving beyond its street food identity, the city now offers experiences ranging from artisanal Japanese dining and progressive Indian kitchens to relaxed suburban lounges and coastal fine dining institutions. Restaurants such as Masque, Ekaa, Wasabi by Morimoto, Trishna, Mizu, Tanatan and Mitron highlight how Mumbai’s food landscape is increasingly shaped by design, experience and storytelling as much as by food itselfRead more

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Maharashtra to adopt micro-zoning for separate Ready Reckoner rates for towers and slum areas

1 hour ago

The Maharashtra government will introduce separate Ready Reckoner (RR) rates for high-rise buildings and slum settlements within the same locality through a statewide micro-zoning exercise aimed at making property valuations more realistic and equitable. The initiative, to be carried out using GIS-based mapping and surveys, will create smaller valuation zones based on infrastructure and development characteristics rather than uniform locality-based rates. The move is expected to align government valuations with market realities, reduce anomalies in stamp duty calculations and strengthen transparency in property transactions.Read more

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Prime Securities group enters real estate AIF space with INR 1,000 crore fund

1 hour ago

• Prime Securities' group company, Prime Litmus Investment Management Ltd, has launched the Prime Litmus Real Estate Opportunities Fund with a target corpus of INR 750 crore and a greenshoe option of INR 250 crore.
• The Category II Alternative Investment Fund (AIF) will focus on structured credit investments in under-construction real estate projects across MMR, NCR, Bengaluru, Chennai, Hyderabad and Pune.
• The fund will primarily invest in self-liquidating projects backed by established developers, with an emphasis on strong cash-flow visibility and security structures.
• It aims to deliver annual returns of 18-20 per cent through conservative underwriting and active asset management practices.
• The fund has been launched through a joint venture between Prime Research and Advisory Ltd, a subsidiary of Prime Securities, and Litmus Global Services LLP.
Read more

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Bengal emerges as focal point in Centre’s next phase of land port expansion

2 hours ago

West Bengal will remain at the centre of the Centre’s upcoming land port development programme as the Land Ports Authority of India (LPAI) plans to establish 11 new land ports across the country over the next three years. The focus on the state stems from the strategic importance of the Siliguri Corridor and West Bengal’s borders with Bangladesh, Nepal and Bhutan. The announcement was made during the launch of the Land Port Management System (LPMS), a digital platform designed to streamline cargo and passenger movement across India’s land ports. The initiative is expected to strengthen border infrastructure, improve trade facilitation and support multimodal connectivity in eastern India while enhancing operational efficiency at existing and future land ports.Read more

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China pulls up state construction firms over safety lapses linked to deadly infrastructure failures

2 hours ago

Chinese authorities have summoned two major state-owned construction companies after investigations linked them to serious safety failures behind two major infrastructure incidents. Regulators found that negligence, falsified records, illegal subcontracting and weak safety oversight contributed to a deadly road collapse in southern China and the partial collapse of a newly built bridge in the southwest. Multiple government departments have directed the companies to strengthen safety management and prevent similar incidents, highlighting growing scrutiny of construction quality and infrastructure safety across the country.Read more

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India identifies 102 GWp floating solar potential, plans dedicated scheme to accelerate deployment

3 hours ago

India has assessed a floating solar photovoltaic (PV) potential of more than 102 gigawatt-peak (GWp), taking the country's total estimated solar energy potential to 3,445 GWp. The Ministry of New and Renewable Energy (MNRE) is preparing a dedicated scheme to promote floating solar projects on reservoirs and other water bodies. The initiative aims to optimise land use, expand renewable energy capacity and support India's clean energy transition by encouraging large-scale deployment of floating solar infrastructure.Read more

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DDA raises INR 1,321 crore from auction of 142 properties

3 hours ago

The Delhi Development Authority (DDA) has generated INR 1,321.21 crore through the auction of 142 land parcels and property assets across the national capital, significantly exceeding the aggregate reserve price of INR 480.38 crore. The e-auction, which attracted participation from investors, institutions and businesses, covered residential, commercial, industrial and institutional plots as well as licence fee-based assets. According to DDA, the exercise realised nearly three times the reserve value and delivered a premium of around 175% over the base price. The outcome reflects sustained demand for strategically located land in Delhi and forms part of the authority’s ongoing efforts to monetise land assets, strengthen revenue generation and support urban development initiatives across the city.Read more

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Vingroup fast-tracks Hanoi mega stadium project as Vietnam pushes infrastructure expansion

4 hours ago

Vietnam's Vingroup is accelerating the construction of a 135,000-seat stadium near Hanoi, which the company says will become the world's largest stadium upon completion. The project forms part of a USD 35 billion Olympic Sports City development and is expected to be completed by July 2027, a year ahead of its original schedule. While experts have questioned whether current demand can support a venue of this scale, Vingroup believes the stadium will remain commercially sustainable over the long term. The development also aligns with Vietnam's broader infrastructure expansion programme, which includes projects worth an estimated USD 200 billion by 2030.Read more

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Kangra Valley rail service resumes after nearly four years, restoring key transport link

4 hours ago

Train services on the historic Pathankot–Jogindernagar narrow-gauge railway line have resumed after nearly four years, restoring a vital transport corridor for residents of Himachal Pradesh's Kangra region. Operations were suspended after severe floods damaged the Chakki Railway Bridge, disrupting connectivity for thousands of commuters and affecting tourism and local trade. The reconstruction of the bridge has enabled the revival of services, bringing back one of India's longest and most scenic heritage railway routes while improving affordable regional connectivity.Read more

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SAMCO Securities launches global investing platform for Indian investors after GIFT City licence approval

5 hours ago

SAMCO Securities has launched a global investing platform that will allow Indian investors to invest in US-listed stocks and exchange-traded funds (ETFs) following the receipt of a broker-dealer licence from the International Financial Services Centres Authority (IFSCA) at GIFT City. The platform offers access to more than 700 global securities, including companies listed on major US indices and a wide range of ETFs. Through fractional ownership and digital onboarding, the company aims to make international investing more accessible while supporting investors with research-backed insights and portfolio monitoring tools.Read more

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Lombardy introduces data centre regulations as Italy prepares for multi-billion-euro investment wave

6 hours ago

Italy's data centre sector is expected to attract around EUR 22 billion in investments over the next five years, with the Lombardy region projected to receive nearly half of that amount. Regional authorities have introduced new regulations aimed at managing the rapid growth of data centres while encouraging development on abandoned industrial land rather than agricultural or environmentally sensitive areas. Meanwhile, southern Italy's Puglia region is also emerging as a key destination for digital infrastructure investments, supported by strong international connectivity and a growing pipeline of proposed projects.Read more

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Patna Metro records seventh tunnel breakthrough on Blue Line, advancing underground corridor

Patna News Desk

7 hours ago

The Patna Metro project has achieved its seventh tunnel breakthrough on the Blue Line after a Tunnel Boring Machine (TBM) completed excavation between Moin-ul-Haq Stadium and Rajendra Nagar Metro stations. The milestone marks continued progress on the underground section of the corridor and is expected to accelerate construction activities. Officials said the breakthrough strengthens momentum for the project's timely execution, with tunnelling work playing a crucial role in expanding metro connectivity across Bihar's capital.Read more

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Kolhapur Municipal Corporation eyes major revenue boost with five new commercial complexes under PPP model

8 hours ago

• Kolhapur Municipal Corporation (KMC) is planning to develop five commercial complexes through the public-private partnership (PPP) model on municipal land across key city locations.
• The civic body has identified sites including Shingoshi Market, Kombdi Bazaar, Chhatrapati Tararani Market premises, areas near the Central Bus Stand and Bawda Water Park.
• The initiative aims to create sustainable non-tax revenue streams amid growing financial pressures on urban local bodies.
• KMC has started the process of conducting feasibility studies and appointing consultants for project planning and implementation.
• The corporation is also working on plans for a new administrative building at Shenda Park to address infrastructure requirements.
Read more

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Meta and CleanMax expand partnership with over 900 MW renewable energy capacity in India

9 hours ago

Meta and CleanMax have expanded their renewable energy collaboration in India to more than 900 MW, with a new agreement supporting the development of 837 MW of utility-scale solar and wind projects across Rajasthan and Karnataka. Under the arrangement, CleanMax will develop and operate the projects while Meta will purchase their environmental attributes to support its clean energy commitments. The partnership reflects rising renewable energy demand from technology companies as AI and digital infrastructure continue to increase electricity consumption.Read more

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RBI opens bank funding channel for REITs and InvITs with tighter safeguards

10 hours ago

The Reserve Bank of India (RBI) has issued final guidelines allowing commercial banks to lend directly to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), widening access to institutional credit for the real estate and infrastructure sectors. The framework, which comes with prudential safeguards, caps aggregate bank exposure to a trust and its underlying entities at 49% of asset value, mandates fully secured lending and links repayment structures to cash flows. The revised norms replace certain restrictions proposed in the draft framework and are expected to provide REITs and InvITs with an additional source of long-term capital while maintaining financial stability and risk controls within the banking system.Read more

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Tata Power EV Charging partners Varanasi Smart City to expand electric vehicle charging network

11 hours ago

Tata Power EV Charging Solutions Ltd (TPEVCSL) has signed a memorandum of understanding (MoU) with Varanasi Smart City Ltd (VSCL) to strengthen electric vehicle (EV) charging infrastructure across Varanasi. The partnership will identify and deploy charging stations at strategic locations, including public parking areas, transit hubs, municipal assets, commercial centres and tourist destinations. The initiative supports the city's sustainable mobility goals while aligning with the Smart Cities Mission and Uttar Pradesh's push towards cleaner transportation.Read more

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Maharashtra fast-tracks land transfer for JJ Hospital expansion

Mumbai News Desk

12 hours ago

• The Maharashtra government has moved to expedite the transfer of the Richardson & Cruddas land parcel in Mumbai to support the expansion of Sir JJ Hospital.
• Deputy Chief Minister Eknath Shinde has directed the collector to accelerate administrative procedures related to the handover.
• The site is expected to provide additional space for future healthcare infrastructure and capacity enhancement.
• The move is part of broader efforts to strengthen public healthcare facilities and accommodate rising patient demand in Mumbai.
Read more

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Amaravati reviews flood control works at Kondaveeti Vagu and Palavagu amid rains

14 Jun 2026

The Amaravati Development Corporation (ADC) has intensified its focus on flood control measures in the capital region following recent rainfall. ADC Chairperson and Managing Director D. Lakshmiparthasarathy reviewed the ongoing development and drainage works at Kondaveeti Vagu and Palavagu and directed officials to ensure that all projects progress without disruption. The review covered critical locations, including water drainage channels, stream crossings, and bypass bridge points. Officials were instructed to remove obstructions, closely monitor water flow, and carry out regular inspections to strengthen flood management and prevent waterlogging in vulnerable areas of Amaravati.Read more

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Opendoor exits India, cuts 250 jobs amid AI-led operational shift

14 Jun 2026

US-based digital real estate platform Opendoor has decided to shut its India operations and lay off all 250 employees in the country as part of a broader operational restructuring driven by artificial intelligence adoption. The move affects the company’s offices in Hyderabad and Bengaluru, which were established two years ago to support workflow management across multiple systems. According to the company, advancements in AI and the consolidation of internal platforms have reduced the need for large operational teams. The decision comes amid growing concerns over the impact of AI on back-office and entry-level roles globally, while businesses increasingly prioritise customer-facing operations closer to their primary markets.Read more

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Kodagu’s road network gets INR 22 crore boost under Central Road Fund initiative

14 Jun 2026

• Road infrastructure in Kodagu is set for an upgrade with an approved allocation of INR 22 crore under the Central Road Fund.
• The funding will support the development and strengthening of key road stretches across the district.
• Improved connectivity is expected to benefit residents, tourism, agriculture and local businesses by enhancing transportation efficiency.
• The investment reflects continued efforts to improve infrastructure in hilly regions vulnerable to weather-related road damage.
Read more

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Centre clears INR 15 crore for key road upgrades across Belagavi constituency

14 Jun 2026

• The Central government has approved INR 15 crore for three road improvement projects in the Belagavi constituency.
• The sanctioned funds will be utilised to strengthen and rehabilitate damaged stretches, enhancing connectivity and commuter safety.
• The projects are expected to improve transportation links for local communities while supporting regional economic activity.
• The approval reflects continued investment in upgrading critical road infrastructure across Karnataka.
Read more

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Anthurium emerges as active mixed-use commercial hub in Central Noida

14 Jun 2026

Anthurium, a mixed-use commercial development by Sundream Group in Sector 73, Noida, has recorded growing occupancy and retail activity, with more than 300 operational offices and the presence of several national food and beverage brands. Spread across nearly five acres, the project combines office spaces, retail outlets, restaurants and lifestyle amenities within a single development. Located in Central Noida, the project benefits from connectivity to the Sector 52 Metro Station, the FNG Corridor and the DND Flyway. The development reflects the increasing preference for integrated commercial destinations that combine workspaces, retail offerings and leisure facilities in rapidly growing urban markets.Read more

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California businessman charged in alleged USD 100 million bank fraud linked to real estate loans

14 Jun 2026

A California businessman has been charged with bank fraud in connection with an alleged scheme that prosecutors say misled Western Alliance Bancorp into providing nearly USD 100 million in financing. Authorities claim falsified title insurance policies were used to inflate the value of collateral backing real estate-related loans, allowing additional borrowing. The criminal case is linked to a civil lawsuit filed by the bank last year seeking recovery of USD 98.6 million. While the lender has not reported a loss so far, the case has drawn attention due to its connection with a broader investigation involving real estate lending activities.Read more

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Centre approves INR 2,533 crore office and housing projects for Amaravati

14 Jun 2026

The Union Cabinet has approved office and residential infrastructure projects worth INR 2,533 crore for Central government employees in Amaravati, Andhra Pradesh. The approved package includes integrated office complexes and housing facilities for various Central government departments planned in the capital city. The decision aims to provide permanent administrative infrastructure and residential accommodation for government staff while supporting the ongoing development of Amaravati as Andhra Pradesh’s planned capital and strengthening the city’s institutional and urban framework.Read more

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Mumbai Metro 3 begins rollout of underground mobile connectivity network

Mumbai News Desk

14 Jun 2026

• Mobile connectivity has begun rolling out on Mumbai Metro Line 3’s underground Aqua Line after months of delays caused by disputes over telecom infrastructure deployment.
• Airtel and Vodafone Idea have started activating services across sections of the 33.5-km corridor linking Aarey JVLR and Acharya Atre Chowk, Worli.
• The rollout follows agreements with MMRCL to install network infrastructure within stations and tunnels.
• Coverage will be expanded in phases, improving connectivity for commuters travelling on the underground route.
Read more

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Interior My Room expands Pune footprint with new Kharadi studio

14 Jun 2026

Interior My Room by Rawat has launched its third studio in Kharadi, Pune, expanding its retail and customer engagement network in one of the city’s key residential and commercial corridors. The company, which specialises in customised furniture and interior solutions, has delivered more than 10,000 modular kitchens and over 1 crore sq ft of furniture since its inception. The new studio complements its existing facilities in Bavdhan and on the Pune–Bengaluru Highway, where it also operates a 1 lakh sq ft manufacturing unit. The expansion comes as demand for customised interiors and modular furniture continues to grow across residential developments in Pune and other urban markets.Read more

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Amaravati to get Global Indian International School campus on 4-acre site

14 Jun 2026

Amaravati is set to strengthen its education ecosystem with the addition of a new campus by Global Indian International School (GIIS). The school operator, GIIS K12 Education Private Limited, has signed an agreement with the Andhra Pradesh Capital Region Development Authority (AP CRDA) to establish the institution in the capital city. A 4-acre land parcel has been allotted in Sakhamuru village of Tullur mandal for the project. The proposed campus is expected to offer modern educational facilities, improve access to quality schooling in the region and contribute to local employment generation.Read more

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Westpac reports drop in mortgage applications after Australia’s tax policy changes

14 Jun 2026

Australia's second-largest lender, Westpac, has reported a decline in mortgage demand following the federal government's recent tax policy changes targeting property investors. The bank said overall mortgage applications have fallen by 10%, while investor loan applications have dropped by 20% since the measures were announced in the federal Budget. The policy changes include restrictions on negative gearing and reforms to capital gains taxation, which are expected to influence investor behaviour and slow housing credit growth. Westpac believes the measures could further moderate activity in Australia's residential property market over the coming years.Read more

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Gurugram housing scam: Man arrested for allegedly cheating 242 homebuyers of lakhs in Sector 55 project

Gurugram News Desk

14 Jun 2026

• Haryana Police’s Economic Offences Wing (EOW) has arrested a man in connection with an alleged housing scam that reportedly affected 242 homebuyers in Gurugram.
• The accused and his associates allegedly collected money from buyers by promising flats in a proposed housing society in Sector 55 but failed to provide possession.
• One complainant's family reportedly paid around INR 37.5 lakh over several years after being assured of a flat in the project.
• Investigators said construction work stopped years ago, while buyers neither received homes nor refunds.
• The probe is continuing to trace funds, examine the role of other accused individuals and determine the full extent of the alleged fraud.
Read more

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GPS Renewables raises INR 635 crore to accelerate compressed biogas projects across India

14 Jun 2026

• GPS Renewables has raised INR 635 crore through a Series C funding round comprising INR 125 crore in equity funding and strategic investments under its asset platform, Arya.
• The fresh capital will be used to strengthen the company's balance sheet, expand its compressed biogas (CBG) project pipeline, and support investments in ongoing and upcoming projects.
• The company currently has more than 30 operational or near-complete projects and visibility on over 200 CBG projects being developed with oil marketing companies.
• GPS Renewables recently secured an EPC contract from NTPC Limited to develop India's first Ethanol-to-Jet (ETJ) Sustainable Aviation Fuel plant.
• The Bengaluru-based renewable energy company reported annual revenue of around INR 1,000 crore and continues to expand its presence across India's bioenergy and clean fuel sectors.
Read more

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Judge upholds judicial control over US consulate builder in Milan amid labour probe

14 Jun 2026

A court in the Italian city of Milan has upheld an earlier decision placing the Italian arm of US-based Caddell Construction under judicial control amid an ongoing labour exploitation investigation at the US consulate construction site. Prosecutors had earlier introduced emergency measures after allegations that workers recruited from India were subjected to long shifts, low wages, unsafe conditions, and threats of dismissal. The ruling noted possible systemic practices rather than isolated cases. The company has stated that it is cooperating with authorities while oversight and compliance checks continue alongside legal proceedings.Read more

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Real estate firms increasingly adopt AI voice tools for customer engagement

14 Jun 2026

Real estate developers and property companies are showing growing interest in AI-powered voice solutions as they seek to improve customer engagement, accelerate lead response times and streamline communication processes, according to Girikon.AI. The company said businesses are increasingly exploring conversational AI technologies to manage rising enquiry volumes and deliver more consistent customer experiences. AI-driven voice platforms are being used to automate routine interactions, qualify leads, schedule site visits and support multilingual communication. The trend reflects a broader digital transformation within the real estate sector, where customer experience and response speed are becoming important factors in lead conversion and sales performance.Read more

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Anaplan launches AI planning tools for Indian enterprises

14 Jun 2026

Anaplan has introduced a suite of artificial intelligence-powered planning solutions in India, including Anaplan CoModeler, Custom Analyst and Agent Studio, alongside 12 new enterprise applications designed for finance, supply chain, sales, IT and human resources functions. Announced in Mumbai, the rollout aims to help organisations move away from disconnected planning systems by integrating operational and financial decision-making on a unified platform. The company said the new offerings combine large language model capabilities with deterministic planning and analytics tools to provide traceable and auditable business insights. The launch comes as Indian enterprises accelerate AI adoption and seek tools that can improve forecasting, resource allocation, financial planning and operational efficiency across multiple business functions.Read more

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NMMC removes 1.5 tonnes of waste in railway station clean-up drive

14 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) conducted a special cleanliness drive at several railway stations across the city, removing around 1.5 tonnes of waste as part of a week-long sanitation campaign organised to mark World Environment Day. The exercise covered Turbhe, Ghansoli, Vashi, Nerul, Digha and Rabale railway stations and adjoining areas, with more than 125 sanitation workers participating in the operation. The civic body said the initiative was undertaken to maintain cleanliness standards at high-footfall public locations and to preserve Navi Mumbai’s standing among India’s cleanest cities. NMMC has also written to CIDCO seeking the transfer of maintenance responsibilities for 11 railway stations within its jurisdiction.Read more

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Trichy gets second SIPCOT industrial park as Thiruverumbur project aims to create jobs and attract investments

14 Jun 2026

• Tiruchirappalli is set to get its second SIPCOT industrial park with a new industrial estate planned at Thiruverumbur.
• The project is expected to attract engineering and manufacturing investments while generating employment opportunities in the region.
• SIPCOT has begun investor outreach and notified the industrial park as part of Tamil Nadu’s industrial expansion strategy.
• The development will strengthen Trichy’s position as a key engineering and manufacturing hub in the state.
• Improved infrastructure and connectivity are expected to support industrial growth and future investments.
Read more

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Mumbai emerges among world’s leading financial services talent hubs: Colliers

14 Jun 2026

Mumbai has been ranked among the world’s leading financial services talent centres in Colliers’ Global Financial Services Markets 2026 report, which analysed more than 200 markets globally. The city was classified as India’s primary financial services Global Centre and placed among the top global hubs alongside New York City, London, Singapore, Beijing, Shanghai, Hong Kong and Tokyo. The report highlights Mumbai’s strong labour market, sizeable talent pool and concentration of financial services headquarters. India also featured prominently across the rankings, with Delhi NCR, Bengaluru, Hyderabad, Chennai and Pune emerging as key financial services talent destinations, reflecting the country’s growing role in global banking, financial technology and business operations.Read more

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APCRDA holds Gram Sabha in Velagapudi, urges farmers to join land pooling scheme

14 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Gram Sabha in Velagapudi village as part of ongoing land acquisition activities for the development of Amaravati, the state's capital city. Senior APCRDA officials informed villagers that farmers whose lands were included in the recent acquisition notification still have an opportunity to join the Land Pooling Scheme within the prescribed timeline. The authority also addressed concerns related to village infrastructure, including drinking water and street lighting, while highlighting the progress of development works in returnable plot layouts and other capital region projects.Read more

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BeastLife eyes INR 250 crore revenue as it expands beyond online sales

14 Jun 2026

Direct-to-consumer nutrition and sports supplement brand BeastLife has reported a turnover of INR 105 crore for FY26 and is targeting INR 250 crore in revenue during FY27. The Gurugram-based company recently achieved net monthly sales of INR 20 crore, exceeding its internal target of INR 15 crore and taking its annual revenue run rate to around INR 240 crore. Founded in 2024 by fitness influencer Gaurav Taneja and former Mamaearth executive Raj Vikram Gupta, the company has also become EBITDA positive within two years of operations. To support future growth, BeastLife plans to expand through offline retail partnerships, branded cafés, vending machine networks and continued investment in product development following a recent INR 20 crore funding round.Read more

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Navi Mumbai earns state award for renewable energy-led urban governance

14 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has received the ‘Excellence in Renewable Energy-Led Urban Governance’ award at the Maharashtra Energy Expo Awards 2026 in recognition of its initiatives in renewable energy and sustainable urban development. The award, presented by Solar Quarter, acknowledges the civic body's implementation of solar power projects across public infrastructure, large-scale deployment of solar and LED street lighting, and energy conservation measures. NMMC has installed solar energy systems across 25 public buildings and 50 public facilities, generating over 350,000 units of renewable energy annually. The recognition also highlights the corporation's upcoming 100 MW floating solar project at Morbe Dam, which is expected to significantly expand clean energy generation and support long-term sustainability objectives.Read more

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Samsung weighs new chip packaging facility in South Korea amid rising AI-driven demand

14 Jun 2026

Samsung Electronics is reportedly considering setting up an advanced semiconductor packaging facility in Gwangju, South Korea, as demand for AI-related chips continues to grow. The proposed investment is expected to be discussed at an upcoming meeting between South Korea’s president and the heads of major business groups. The development comes as advanced chip packaging becomes increasingly important for AI applications, particularly high-bandwidth memory (HBM) chips. Separately, SK Hynix is also evaluating a new packaging facility in the country’s southwestern region, highlighting growing investment interest in semiconductor infrastructure linked to the expanding AI ecosystem.Read more

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Tribeca, Tejukaya reward top channel partners with New York experience after The Edge launch sell-out

14 Jun 2026

Tribeca Developers and Tejukaya organised an exclusive five-day New York programme for their top-performing channel partners following the complete sell-out of Tower 1 at The Edge residential project in Parel, Mumbai. Branded as the ‘Edge Elite USA Voyage 2026’, the initiative was designed to recognise channel partner contributions to the project's launch success while providing exposure to global luxury real estate, hospitality and branded residential developments. The programme included visits to major New York landmarks, luxury hospitality experiences and an exclusive visit to Trump Tower. The developers said the initiative also served as a platform to strengthen industry relationships and deepen engagement with channel partners involved in the luxury housing segment.Read more

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Taylor Wimpey España launches €64 million Mallorca housing project amid record Spanish property market

14 Jun 2026

Taylor Wimpey España has launched Infinity, a €64 million residential development comprising 79 homes in Paguera, Mallorca, as Spain’s housing market records its strongest sales activity in nearly two decades. Located in southwest Mallorca, the project will feature apartments and penthouses with sea views across the Malgrats Islands and is scheduled for completion in October 2028. The launch comes as Spain’s residential market continues to expand, with new-build sales rising 13.3% in 2025 and average property prices reaching a record €2,284 per sq m after a 9.5% annual increase. International buyers accounted for 13.82% of all housing purchases last year, with British buyers remaining the largest overseas buyer group.Read more

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DesignCafe co-founder Shezan Bhojani exits operating role as company targets expansion and IPO

14 Jun 2026

DesignCafe and HomeLane have announced that DesignCafe Co-founder Shezan Bhojani will step down from his operating role to pursue a new entrepreneurial venture. The transition comes as DesignCafe reports significant growth following its integration with HomeLane, including a 30 per cent increase in business, expansion of its retail network from 15 to 23 stores within 18 months, and improvements in profitability. The company is targeting 40 per cent year-on-year growth during the current financial year and plans to open 11 additional stores. DesignCafe will continue to be led by Co-founder and CEO Gita Ramanan, supported by an established leadership team, as the company advances its long-term growth and IPO plans.Read more

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Divyansh Group plans INR 300 crore high-rise housing project in Hapur

14 Jun 2026

Divyansh Group has announced plans to invest INR 300 crore in a new residential development in Hapur, marking its entry into the city’s housing market. The project will introduce Hapur’s first residential development built using Mivan construction technology and will feature high-rise towers rising up to G+27 floors. Positioned in the affordable luxury segment, the project will offer 3 BHK and 4 BHK apartments ranging from 1,880 sq ft to 2,435 sq ft. The investment comes amid increasing residential demand in emerging National Capital Region (NCR) markets, where improving infrastructure and connectivity are attracting homebuyers seeking larger homes outside established NCR locations.Read more

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Navi Mumbai mayor reviews water quality and supply situation in Ghansoli, Airoli and Digha

14 Jun 2026

Navi Mumbai Mayor Sujata Patil conducted a review of the water supply situation in Ghansoli, Airoli and Digha following the restoration of services after a three-day shutdown. While complaints regarding muddy water have reduced significantly, the mayor inspected water samples collected from households and interacted with residents and elected representatives to assess supply quality. Concerns were raised regarding water supplied by MIDC, ageing pipelines in gaothan and slum areas, and water wastage across the city. Patil suggested regular testing of MIDC water and the establishment of a dedicated water treatment facility in Digha. She also urged citizens to conserve water as Morbe Dam's storage level has fallen to 14.94 per cent and directed action against unauthorised use of potable water at construction sites.Read more

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Navin’s launches homebuying podcast series on ZEE5

14 Jun 2026

Chennai-based developer Navin’s has launched ‘Brick by Brick’, a podcast series on ZEE5 aimed at helping homebuyers better understand the residential property purchase process. Premiering on June 5, 2026, with new episodes scheduled every Friday, the series features conversations with senior company executives covering topics such as project planning, customer experience, construction quality, location selection, builder credibility and long-term value creation. The initiative seeks to provide practical guidance to prospective homebuyers and address key considerations involved in purchasing a home. The teaser for the series was released on May 29, 2026, ahead of the official launch.Read more

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Textile recycling centre turns fabric waste into livelihoods for women in Navi Mumbai

14 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) highlighted the role of textile waste recycling in promoting environmental sustainability and women's empowerment during a World Environment Day programme held at the Textile Recovery Facility (TRF) in CBD Belapur. The facility, established through a partnership involving the Ministry of Textiles' Textile Committee, NMMC, Tisser Artisan Trust, IDH and SBI Foundation, focuses on recycling discarded textiles into usable products while creating livelihood opportunities for women. Municipal Commissioner Dr Kailas Shinde said the initiative demonstrates how circular economy practices can help address fabric waste, develop new skills among women and generate employment. The event also brought together government officials, industry representatives and self-help groups to discuss sustainable livelihood opportunities linked to textile recycling.Read more

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NMMC intensifies awareness campaign on new solid waste management rules across housing societies

13 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has undertaken a city-wide awareness campaign to educate residents, housing societies and institutions about the Solid Waste Management Rules 2026, which came into effect on 1 April 2026. As part of activities organised around World Environment Day, civic teams conducted outreach programmes between 5 and 11 June across residential societies and colonies in all eight ward office jurisdictions. The campaign focused on waste segregation at source, mandatory disposal practices and compliance requirements under the new regulations. Officials also highlighted the obligation for bulk waste generators producing more than 100 kg of waste per day to establish on-site waste processing facilities. The initiative forms part of NMMC's efforts to improve waste management practices and strengthen citizen participation in environmental sustainability programmes across the city.Read more

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Thane Metro alignment challenged over route planning concerns

13 Jun 2026

• The proposed Thane Metro alignment is drawing criticism from stakeholders, urban planning experts and industry representatives who have raised concerns over its route design and potential impact on existing infrastructure.
• Critics argue that the current alignment could affect mobility, industrial activity and long-term urban development objectives in key areas of Thane.
• The controversy has sparked wider debate over planning priorities, with stakeholders calling for greater scrutiny of the corridor’s alignment and its implications for the city's growth.
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