4 minutes ago

• Johnson Lifts has acquired 39 acres near Chennai for INR 125 crore to support future expansion plans.
• The land will be used for manufacturing and operational requirements as demand in the elevator sector grows.
• Officials said the acquisition will help expand capacity and infrastructure.
• The deal adds to rising industrial land transactions around Chennai, which continues attracting manufacturing and engineering investments.Read more

34 minutes ago

• A Borivali East cooperative housing society has secured interim relief from the Bombay High Court in a dispute concerning public access through its premises.
• The court restrained authorities from acting on a civic communication related to parking and access on a proposed Development Plan (DP) road passing through the society land.
• The matter involves concerns around emergency vehicle movement, parking management and the status of the proposed road alignment within the residential complex.Read more

1 hour ago

A recent inspection by the Commission for Air Quality Management (CAQM) found 24 cases of excessive road dust and improper construction and demolition waste handling across Ghaziabad. The inspection highlighted gaps in mechanised road sweeping, water sprinkling and waste disposal measures being carried out by civic authorities. CAQM has directed local agencies to strengthen dust mitigation efforts and improve monitoring across pollution hotspots. The development comes as Ghaziabad continues to face air quality concerns linked to road dust, construction activity and rapid urban infrastructure growth across the NCR region.Read more

1 hour ago

Australia’s government has introduced a bill in parliament to overhaul long-standing property tax concessions and capital gains rules as part of a broader push to improve housing affordability. The proposed reforms include removing the 50% capital gains tax discount on assets held for more than a year and restricting negative gearing benefits to newly built homes from July 2027. The changes have sparked political debate and concern among investors and industry groups, while the government maintains the measures are aimed at helping first-home buyers and increasing new housing supply in one of the world’s least affordable housing markets.Read more

2 hours ago

• Maharashtra has introduced a new electric vehicle policy focused on accelerating EV adoption, charging infrastructure and domestic manufacturing across the state.
• The policy includes purchase subsidies, toll and tax exemptions, EV-ready building norms and highway charging corridors.
• The state also plans to strengthen EV battery recycling, research, skill development and clean mobility infrastructure through coordinated implementation across multiple government departments.Read more

2 hours ago

Air India and IndiGo have reduced planned domestic flight operations for the coming months as rising aviation turbine fuel prices and operational disruptions increase cost pressures on airlines. Air India has cut domestic capacity by around 22% for June and July, while IndiGo has scaled back portions of its planned schedule for the summer quarter. The reductions follow a sharp increase in fuel prices linked to geopolitical tensions in West Asia and airspace restrictions affecting airline operations. Industry officials said the cuts could lead to tighter seat availability and higher domestic airfares during the peak travel season.Read more

3 hours ago

• India plans to monetise 28 national highway assets spanning over 1,800 km during FY27.
• The National Highways Authority of India aims to raise nearly INR 35,000 crore through InvIT and TOT models.
• Haryana and Uttar Pradesh account for the highest number of highway stretches identified for monetisation.
• The programme forms part of the government’s broader infrastructure asset recycling and funding strategy under NMP 2.0.Read more

3 hours ago

CoStar Group is set to acquire US housing market data and analytics firm Zonda from MidOcean Partners in a deal valued at nearly USD 800 million. The acquisition is expected to strengthen CoStar’s position in residential real estate data, homebuilding analytics and digital property research. Zonda is widely known for tracking housing starts, land supply, new home sales and builder activity across the US housing sector. The deal comes as CoStar continues expanding beyond commercial real estate through strategic acquisitions and investments in property technology, online marketplaces and residential housing platforms.Read more

4 hours ago

• The Enforcement Directorate conducted searches at multiple locations linked to former Kerala CM Pinarayi Vijayan in the CMRL case.
• Raids covered residences of Vijayan’s family members, senior officials and entities linked to alleged financial transactions.
• The probe relates to alleged payments made by Cochin Minerals and Rutile Ltd to Exalogic Solutions, linked to Vijayan’s daughter.
• Political tensions escalated in Kerala after protests erupted outside locations searched by ED officials.Read more

4 hours ago

The Mumbai Metropolitan Region Development Authority (MMRDA) has accelerated efforts to complete Phase 2 of the Santacruz-Chembur Link Road (SCLR), with nearly 98% of the physical work already finished. Metropolitan Commissioner Dr. Sanjay Mukherjee recently reviewed progress at the BKC-Vakola connector and directed officials and contractors to speed up the remaining work while maintaining construction quality and safety standards. Once operational, the final phase of the corridor is expected to improve east-west connectivity across Mumbai by linking major highways and commercial hubs, while also reducing travel time by nearly 35 minutes and easing congestion on key roads.Read more

5 hours ago

• Development Bank of Japan has invested in HDFC Capital Advisors’ H-DREAM Fund focused on affordable and mid-income housing projects in India.
• The investment marks DBJ’s first partnership with HDFC Capital and supports residential developments across multiple Indian cities.
• HDFC Capital said the fund will provide long-term capital for housing projects amid rising urban housing demand and financing needs.
• The partnership is expected to strengthen institutional participation in India’s affordable housing and real estate investment segment.Read more

5 hours ago

The Brihanmumbai Municipal Corporation is evaluating construction of holding ponds and diversion of stormwater drains as part of a broader plan to reduce chronic flooding at the Andheri subway before future monsoon seasons. According to civic officials and multiple media reports, the proposed intervention could involve temporary storage ponds capable of holding excess rainwater near the subway during heavy rainfall events. Officials stated that nearly three potential sites have been identified for the project, while alternative engineering measures, including diversion of stormwater flow from the Jogeshwari area, are also under consideration. The civic body acknowledged that the flooding issue may persist this monsoon as long-term mitigation works remain under evaluation and planning stages.Read more

6 hours ago

• Mehta Realty has launched Mehta Angelo, a Grade-A commercial project in East Goregaon, Mumbai, aimed at supporting both current and future business expansion needs.
• The development offers 35,000 sq. ft of office space across a seven-storey structure, with unit sizes ranging from 445 sq. ft to 4,919 sq. ft.
• Designed with efficient layouts and open-plan spaces, the project allows businesses to customise offices based on operational requirements.
• Located in a well-connected commercial belt, it provides access to rail, metro, and major road networks, including proximity to key business hubs.
• The project also includes sustainability features such as LEED Gold pre-certification, energy-efficient systems, and water conservation measures.Read more

6 hours ago

Sirius Real Estate has notarised the acquisition of a defence-supported business park in Fulda, Germany, for EUR 49.8 million. The deal adds to the company’s growing portfolio of business and industrial parks across Germany and the UK. The property is linked to defence sector activity, a segment that has continued to see stable demand amid rising government spending across Europe. The acquisition comes as Sirius Real Estate continues to focus on income-generating assets with long-term occupancy potential and strategic regional importance in Germany’s commercial real estate market.Read more

7 hours ago

The Mumbai Metropolitan Region Development Authority (MMRDA) has expanded Metro Line 5 into one of the largest metro corridors in the Mumbai Metropolitan Region (MMR), increasing its total length to 34.21 km after the approval of the 11.83-km Metro Line 5A extension. The project, estimated at INR 18,130 crore, will strengthen connectivity across Thane, Bhiwandi, Kalyan, Ulhasnagar and nearby growth centres. Authorities said Phase 1 of the corridor is moving towards the Commissioner of Metro Railway Safety (CMRS) inspection stage and is expected to open by the end of the year. The corridor is expected to reduce travel time, improve integration with suburban rail and highways, and support industrial and residential growth across the eastern MMR belt.Read more

7 hours ago

Grovy India Ltd has announced the acquisition of a premium luxury residential project in Defence Colony, New Delhi, strengthening its presence in the capital’s high-end housing segment. The company disclosed the development in a regulatory filing during the past week. Defence Colony remains one of Delhi’s established upscale residential markets, known for limited land availability and strong demand for luxury housing. The acquisition comes at a time when developers are increasingly focusing on premium and redevelopment-led projects in prime urban locations across Delhi-NCR amid steady demand from affluent buyers and investors.Read more

8 hours ago

• Disputes linked to old pagdi tenancy agreements and redevelopment interests are intensifying across parts of Mumbai amid rising redevelopment activity in ageing residential buildings.
• The issue resurfaced following complaints involving an elderly resident, caretakers, landlords and tenancy-related disagreements in a South Mumbai building operating under the pagdi system.
• Residents and legal experts stated that conflicts involving inheritance rights, redevelopment stakes, access arrangements and caretaker influence are becoming increasingly common in older tenanted properties.
• According to legal observers and multiple reports, courts and authorities are being required to balance property rights, redevelopment interests and welfare concerns of elderly tenants in such disputes.Read more

8 hours ago

Vietnam-based Vingroup’s EV charging arm V-Green has partnered with ChargeZone to develop a co-branded EV charging network for VinFast customers in India. The collaboration marks VinFast’s first charging partnership with an Indian charge point operator as the company prepares to expand its presence in the country’s electric mobility market. Around 15 charging stations have already become operational, while nearly 100 more stations are planned over the next six months. The partnership aims to improve charging accessibility, strengthen EV infrastructure and support growing electric vehicle adoption across major locations in India.Read more

Mumbai News Desk

9 hours ago

Brihanmumbai Municipal Corporation has completed only 62% of the Mithi river desilting work despite the approaching monsoon preparedness deadline in Mumbai. With just days remaining before the onset of heavy rainfall, concerns are rising over flooding risks in low-lying and river-connected areas across the city. Civic officials cited operational and logistical hurdles for the delay. The Mithi river remains central to Mumbai’s stormwater drainage network, making timely desilting critical for reducing waterlogging and maintaining flow capacity during the monsoon season.Read more

9 hours ago

The Enforcement Directorate (ED) conducted raids across Punjab and Chandigarh in connection with an alleged real estate fraud and money laundering case linked to the Greater Mohali Area Development Authority (GMADA) and the Suntec City housing project in Mohali. The investigation focuses on alleged forged landowner consent letters, fake signatures and irregular approvals used to secure Change of Land Use (CLU) permissions. Officials are also examining possible diversion of project funds and unpaid dues linked to the development. The case follows earlier ED action, including the arrest of a builder associated with the project, as scrutiny of land approvals and real estate transactions in Punjab continues to increase.Read more

10 hours ago

• A satellite-based study has found that particulate matter (PM) pollution rose by over 20% across the Indo-Gangetic Plain, Himalayan region and North-East India compared to the 2000–2009 period.
• The analysis covered 2000–2024 and highlights a steady increase in carbon-based pollutants over time.
• Biomass burning, including crop residue burning and household solid fuel use, is identified as the main driver of rising pollution levels.
• Pollution from the Indo-Gangetic Plain is now being transported into Himalayan regions through wind movement.
• North-East India has also recorded higher pollution linked to shifting agricultural practices and domestic biomass use.Read more

10 hours ago

• Tata Group-owned IHCL has opened the 6-key Taj Bush Lodge in the Big Five Balule Nature Reserve in Greater Kruger, South Africa.
• The property marks Taj’s entry into South Africa’s luxury safari and wildlife hospitality segment.
• IHCL said the lodge is the first of three Taj wilderness lodges planned for the Greater Kruger region.
• The company aims to strengthen its South African hospitality portfolio by connecting Cape Town tourism with Kruger National Park’s wildlife experience.
• The expansion comes amid rising global demand for experiential travel, safari tourism and luxury nature-based stays.Read more

11 hours ago

The Centre has cleared an INR 1,880.11 crore project to widen the Cuncolim-Bendordem stretch of NH-66 in South Goa, strengthening a key highway corridor connecting Goa with Karnataka and Maharashtra. The project includes four-laning works, a 5.78-km elevated corridor, bypasses at Cuncolim and Balli, a six-lane railway overbridge, upgraded junctions and pedestrian infrastructure. The development is aimed at reducing congestion, improving travel time and supporting rising traffic movement across South Goa. The approval also adds to ongoing highway expansion works being undertaken on different sections of NH-66 along India’s western coastal corridor.Read more

11 hours ago

The Development Bank of Japan (DBJ) has partnered with HDFC Capital to invest in an India-focused real estate fund aimed at developing affordable and mid-income housing projects. The H-DREAM Fund has a targeted corpus of USD 1 billion, including a USD 500 million greenshoe option, and has already received investor commitments of more than USD 350 million. The investment marks DBJ’s first real estate investment in India and comes amid growing participation by Japanese institutions in India’s financial and property sectors. The fund will focus on green housing developments and will operate through GIFT City’s offshore feeder fund structure.Read more

12 hours ago

The Ministry of Road Transport and Highways has approved a 4-lane Thiruvarur bypass project in Tamil Nadu with an estimated cost of INR 1,427.61 crore. The 14.9 km stretch on NH-83 will also include two Road Over Bridges on NH-129A and NH-134A. The project is expected to improve connectivity between Tiruchirappalli, Coimbatore, Karaikal, and Nagapattinam, while easing traffic congestion in Thiruvarur town. It is also likely to reduce travel time and improve safety by diverting heavy traffic away from populated and commercial zones in the region.Read more

12 hours ago

Arkade Developers has secured cluster redevelopment rights for nine housing societies in Mumbai, with the project expected to generate around INR 1,100 crore in revenue. The redevelopment will cover nearly 3 acres and offer a saleable area of 3.25 lakh square feet. The company disclosed the development in a regulatory filing during the week. Mumbai’s redevelopment market has continued to remain active due to limited land availability and growing demand for modern housing projects. Arkade Developers, which has delivered over 5.5 million square feet so far, is also constructing more than 2 million square feet across ongoing projects.Read more

Mumbai News Desk

13 hours ago

• The Brihanmumbai Municipal Corporation has submitted six final proposals involving cutting and transplantation of over 2,200 trees for the Versova–Dahisar Coastal Road project in Mumbai’s western suburbs.
• According to civic documents and multiple media reports, nearly 1,000 trees are proposed to be cut while around 1,288 trees are planned for transplantation across stretches between Goregaon, Malad and Dahisar.
• The civic body stated that compensatory plantation of more than 19,500 trees will be undertaken in Panvel due to limited plantation space available within Mumbai.
• The proposals have been placed before BMC’s Tree Authority amid opposition from residents and environmental groups over potential green cover loss and mangrove impact linked to the coastal road project.Read more

13 hours ago

State-owned State Bank of India has said the banking sector will play a key role in supporting India’s long-term economic growth, infrastructure expansion, entrepreneurship, and financial inclusion as the country moves towards its Viksit Bharat vision. SBI Chairman C S Setty highlighted the bank’s focus on technology-led banking, artificial intelligence, cybersecurity, and digital infrastructure while continuing to strengthen its physical branch network. The lender also plans to expand digital onboarding, transaction banking, SME-focused services, and wealth management offerings as part of its next phase of transformation.Read more

14 hours ago

Aroundtown SA reported a sharp decline in first-quarter profit as the absence of property revaluation gains and rising finance costs weighed on earnings. The company’s net profit fell by more than 50% year-on-year to EUR 118.9 million, even as German commercial property prices continued to recover after a prolonged downturn. Aroundtown’s funds from operations (FFO I), a key earnings metric for property firms, also declined due to higher borrowing costs. However, the company maintained its full-year guidance, indicating that operational performance remained within expectations despite ongoing market and geopolitical uncertainties.Read more

Mumbai News Desk

14 hours ago

The Brihanmumbai Municipal Corporation’s long-delayed Mogra pumping station project in Andheri has moved closer to execution after receiving clearance from the Maharashtra Coastal Zone Management Authority. Planned near Mogra nullah in Andheri East, the project forms part of Mumbai’s flood mitigation infrastructure aimed at reducing waterlogging in low-lying areas during heavy rainfall. The proposal, conceived after the July 2005 floods, had faced delays linked to land acquisition and environmental approvals. Civic officials expect the facility to strengthen stormwater drainage capacity in the western suburbs.Read more

15 hours ago

Smartworks Coworking Spaces has expanded its footprint in Bengaluru by leasing nearly 4.92 lakh sq ft office space at Sattva Aura on Outer Ring Road from Sattva Group. The company plans to develop a large managed workspace campus to cater to rising demand from enterprises and Global Capability Centres (GCCs). The expansion comes amid steady growth in India’s flexible office market, especially in Bengaluru’s technology and corporate corridors. Industry data showed office leasing activity remained strong in 2025, with coworking operators accounting for a significant share of total absorption across major cities.Read more

16 hours ago

The Maharashtra cabinet has approved a waiver of nearly INR 637 crore in stamp duty and registration charges for land transactions linked to the New Nagpur Business District and New Outer Ring Road projects. The move is aimed at speeding up land acquisition through direct purchases and negotiated settlements with landowners. The New Nagpur Business District, planned over 692 hectares in Hingna taluka, will include an International Business and Finance Centre, while the proposed 148-km Outer Ring Road is expected to improve logistics and regional connectivity around Nagpur through multiple highway links and transport terminals.Read more

17 hours ago

• L&T GeoStructure secured multiple infrastructure contracts worth INR 1,000 crore to INR 2,500 crore across steel, waterways and marine sectors in India.
• The company received its largest piling contract from JSW Utkal Steel for the upcoming 10 MTPA steel plant at Paradeep in Odisha.
• L&T also won Inland Waterways Authority of India contracts for ship repair and maintenance facilities at Patna and Varanasi on National Waterway-1.
• Mumbai Port Authority awarded the company a contract to develop India’s first yacht marina at Mumbai Harbour.
• The projects support India’s growing focus on industrial infrastructure, inland water transport and coastal development.Read more

18 hours ago

• Rise Infraventures reported a 46% rise in revenue to INR 120 crore in FY26 from INR 82 crore in the previous fiscal.
• The company facilitated property transactions worth INR 4,840 crore during the fiscal, compared to INR 3,856 crore in FY25.
• Gurugram contributed more than 50% of the company’s total transaction value, driven by strong residential and commercial real estate demand.
• The real estate consultancy plans to expand into more Indian cities and is also exploring entry into the Dubai market.
• Rise Infraventures has set a revenue target of INR 200 crore for the current fiscal while also planning to expand its service portfolio.Read more

Gurugram News Desk

19 hours ago

• Residents’ groups have sought extension of the proposed Kirti Nagar–Palam metro corridor up to Dwarka Expressway.
• The demand follows approval of the 9.9-km metro line connecting Kirti Nagar and Palam in Delhi.
• Civic groups cited rising congestion and inadequate public transport between Dwarka and Gurugram.
• Stakeholders said the extension could improve connectivity for rapidly developing residential sectors along the corridor.Read more

20 hours ago

The Insolvency and Bankruptcy Board of India (IBBI) has received a report from its committee formed to frame sector-specific insolvency guidelines for the real estate sector following directions issued by the Supreme Court in September 2025. The committee examined challenges linked to stalled housing projects, homebuyer protection and delays in insolvency resolution processes, recommending a shift towards a project-centric and completion-driven framework. According to the report, the panel reviewed 55 major issues and proposed 155 recommendations aimed at improving coordination between insolvency proceedings and the Real Estate (Regulation and Development) Act, 2016, while strengthening safeguards for homebuyers and project completion timelines.Read more

21 hours ago

The INR 332 crore Ajni cable-stayed bridge project in Nagpur is set to miss its pre-monsoon completion target, with major structural work still pending. The project, being developed by Maharashtra Rail Infrastructure Development Corporation (MRIDC), is aimed at replacing the 125-year-old Ajni railway overbridge and easing traffic congestion between South and Central Nagpur. Although work on major supports and slab casting has progressed, construction of the central pylon and other engineering components is still underway. The project has already faced multiple deadline revisions due to design changes, approval delays and technical challenges linked to construction over an active railway corridor.Read more

22 hours ago

Haryana has announced a wider technology-led pollution control plan for the National Capital Region (NCR), focusing on electric mobility, industrial emission monitoring and stricter checks on polluting vehicles. The state plans to introduce 925 electric buses across key cities including Gurugram and Faridabad while implementing a “No PUCC, No Fuel” policy from October 1, 2026. Authorities are also expanding air quality monitoring infrastructure, linking industrial units with real-time emission tracking systems and increasing enforcement against end-of-life vehicles. The move comes as NCR states continue facing pressure to strengthen long-term clean air measures beyond seasonal restrictions.Read more

28 May 2026

• Prayagraj Municipal Corporation (PMC) is preparing to introduce a One-Time Settlement (OTS) scheme for pending house tax dues in June.
• More than 90,000 residential and commercial property owners are expected to benefit from relief on accumulated interest payments.
• The civic body is aiming to improve property tax recovery while reducing financial pressure on taxpayers with old dues.
• The move follows PMC’s recent decision to offer up to 40% house tax rebate for self-occupied residential buildings older than 20 years.
• The scheme comes as the corporation looks to strengthen local revenue collection amid rising civic infrastructure and water supply expenses.Read more

28 May 2026

JSW Energy has raised INR 4,000 crore through a qualified institutions placement (QIP) by issuing 7.61 crore equity shares to eligible institutional buyers. The company allotted shares at INR 525 each, reflecting a 1.69 per cent discount to the floor price of INR 534.05 per share. The fundraising was approved by the finance committee of the board after receiving application forms and funds in the escrow account from institutional investors. The capital raise comes as the company continues to expand its power generation portfolio and strengthen its long-term growth plans in the energy sector.Read more

28 May 2026

• Real estate developers have reported a sharp increase in construction costs since global geopolitical conflicts disrupted commodity and supply markets.
• Rising prices of steel, cement, fuel, logistics and imported materials are increasing pressure on project execution and development expenses.
• Industry stakeholders have also flagged concerns over labour shortages, procurement delays and potential impact on housing affordability and project timelines.Read more

28 May 2026

• The Maharashtra Registration and Stamps Department has expanded the ‘One District-One Registration’ system for leave and licence agreements, e-filing and physical filing processes across the state.
• Under the revised framework, citizens can register documents and notices at any sub-registrar office within their district instead of a jurisdiction-specific office.
• Officials stated that the system, implemented under the state government’s Service Fortnight initiative, aims to simplify registration procedures through digital token-based operations and improved administrative flexibility.Read more

28 May 2026

• Indian Railways will float fresh bids for the INR 946 crore redevelopment of Vijayawada railway station after limited participation in the earlier tender process.
• The project is part of the Amrit Bharat Station Scheme focused on upgrading major railway stations with modern passenger facilities and commercial infrastructure.
• Vijayawada Junction, one of India’s busiest railway hubs, is planned to be redeveloped with new concourses, better connectivity, upgraded platforms, parking and passenger amenities.
• Railway authorities are expected to revise tender conditions to attract stronger investor and developer interest in the large-scale station project.
• The redevelopment is expected to support passenger growth, improve traffic movement and strengthen railway infrastructure in Andhra Pradesh.Read more

28 May 2026

Samsung Electronics is planning to invest nearly USD 1.5 billion in Vietnam to set up its first semiconductor testing plant in the country, according to proposal documents reviewed by Reuters. The facility, being developed near Hanoi, is expected to begin operations in 2027 and will focus on testing DRAM and NAND memory chips. The move comes as global demand for memory chips continues to rise due to rapid expansion in AI data centres. The project also strengthens Vietnam’s role in the global semiconductor supply chain, where it has already emerged as a key hub for chip assembly, packaging and testing operations.Read more

28 May 2026

The Telangana government has revised tender rules for its Hybrid Annuity Model (HAM) road projects by capping excess bids at 5% above estimated project costs. The move applies to road development works worth nearly INR 13,000 crore and is aimed at improving cost control, transparency and faster execution. The state is currently implementing hundreds of road projects across districts under the HAM model to improve connectivity and support industrial growth. Officials said the revised norms would help avoid inflated quotations while maintaining contractor participation amid rising construction costs, including higher bitumen, fuel and material prices.Read more

Ahmedabad News Desk

28 May 2026

The Gujarat government has announced the reconstruction of the hostel complex of B J Medical College in Ahmedabad, which was severely damaged in a previous Air India crash at the site. The state plans to develop a modern facility at an estimated cost of INR 105 crore, with support from Tata Group, which has agreed to contribute INR 53.12 crore for the damage. However, families of victims have requested that the location be preserved as a memorial space for reflection and remembrance, seeking consultation before any final redevelopment decisions are taken.Read more

28 May 2026

• ONGC's board met on 26 May 2026 in New Delhi, approving an in-principle 50:50 joint venture with Gujarat Maritime Board to develop a 5 MMTPA liquid port at Dahej, Gujarat, pending DIPAM and partner approvals.
• Standalone net profit for FY 2025–26 stood at INR 32,894 crore, down from INR 35,610 crore the previous year; consolidated net profit rose to INR 49,793 crore.
• A final dividend of INR 1 per share was recommended, and a USD 325 million abandonment liability guarantee for the BC-10 block in Brazil was approved.Read more

28 May 2026

• China and Hong Kong stock markets traded lower as weakness in property and AI-linked shares weighed on investor sentiment.
• The CSI 300 Real Estate Index fell 3.9% to a record low, while China Vanke continued to face pressure from its ongoing debt challenges.
• China’s industrial profits recorded their fastest growth since late 2023, but concerns over domestic demand and financing conditions continued to impact markets.
• Semiconductor and AI-related stocks declined despite continued long-term optimism around China’s technology and EV sectors.
• Analysts at CITIC Securities and UBS said investors remain focused on selective growth sectors including AI, infrastructure and chips.Read more

28 May 2026

• The Supreme Court has dismissed Tamil Nadu’s review petition opposing Karnataka’s proposed Mekedatu balancing reservoir project on the Cauvery river.
• Karnataka stated that it would continue work on the project’s revised Detailed Project Report (DPR) following the court’s decision.
• Tamil Nadu has maintained that the project could impact downstream water availability and affect existing Cauvery water-sharing arrangements.Read more

28 May 2026

The Maharashtra government has accelerated plans for redevelopment of the Worli jetty in Mumbai, with proposals for a helipad, water transport integration and emergency service infrastructure at the Coastal Road site. The project is being coordinated between the Brihanmumbai Municipal Corporation (BMC), Maharashtra Maritime Board (MMB) and other state agencies. Authorities are evaluating long-term public use of the temporary jetties constructed during the Mumbai Coastal Road project, including passenger water transport, medical emergency services and coastal connectivity infrastructure.Read more