12 minutes ago

Amazon India has partnered with the Telangana government to establish five new Ashray rest centres at high-footfall locations across Hyderabad, taking its total network in the city to 14 centres. Under the agreement, the state government will assist with site identification, approvals and administrative coordination through the Cyberabad Municipal Corporation. The initiative is aimed at improving facilities for delivery drivers. Amazon currently operates more than 100 Ashray centres across 16 Indian cities and plans to expand the network to 250 centres by the end of 2026 as part of its wider investment in workforce welfare.Read more

42 minutes ago

The Central Bureau of Investigation (CBI) has filed its first chargesheet in connection with the alleged diversion of funds by Reliance Home Finance Limited (RHFL), resulting in losses of more than INR 3,526 crore to a consortium of 10 public sector banks. The chargesheet, filed before a special court in Mumbai, names RHFL and three former senior executives on charges of criminal conspiracy and cheating. The agency alleged that borrowed funds were diverted through intermediary entities to companies within the Reliance ADA Group in violation of lending conditions. The investigation remains ongoing, with the CBI indicating that supplementary chargesheets may be filed after examining the role of additional individuals and entities.Read more

1 hour ago

• Keystone Realtors reported pre-sales of INR 617 crore in Q1 FY27, compared with INR 1,068 crore in the corresponding quarter last year, supported by sustained demand across existing projects despite no new launches during the quarter.
• The company achieved collections of INR 599 crore, a 4% year-on-year increase from INR 575 crore, reflecting healthy cash flows from ongoing projects and strengthening its liquidity position.
• During the quarter, Keystone added two new projects with a combined saleable area of 1.98 million sq ft and an estimated gross development value (GDV) of INR 713 crore, while completing one residential project in Juhu.
• The developer expects multiple launches across the Mumbai Metropolitan Region (MMR) in the coming quarters, supported by an upgraded credit rating, a robust launch pipeline and sustained homebuyer demand.Read more

1 hour ago

Picton Property has said that the revised proposed acquisition offer from LondonMetric Property and Schroder Real Estate Investment Trust (SREIT) values the company at GBP 397 million, or 77 pence per share. Under the revised proposal, Picton shareholders would receive a combination of LondonMetric and SREIT shares for each Picton share they hold. The latest update follows the consortium's ongoing pursuit of Picton and reflects revised transaction terms as discussions continue. The proposal remains subject to the customary corporate process and shareholder approvals.Read more

2 hours ago

• The Himachal Pradesh government has deployed around 15,000 personnel and over 1,600 machines to restore road connectivity disrupted by heavy monsoon rains across the state.
• Restoration efforts are being led by the Public Works Department, with priority being given to national highways, state highways and key district roads affected by landslides and flash floods.
• The government has instructed field officials to expedite clearance operations and ensure essential routes are reopened at the earliest.
• The large-scale deployment comes as persistent rainfall continues to damage transport infrastructure and disrupt connectivity in several districts.Read more

2 hours ago

The Nagpur Municipal Corporation (NMC) is considering a 10% increase in property tax despite presenting its 2026–27 budget with a commitment of imposing no new taxes. The proposed revision, expected to generate an additional INR 15.42 crore in annual revenue, has been placed before the standing committee for approval. Civic officials say the move is aimed at strengthening municipal finances and supporting infrastructure and public service expenditure, while the proposal has sparked debate as it appears to contradict the administration's earlier assurance of a "no new tax" budget.Read more

3 hours ago

Four residents of West Bengal's Birbhum district have returned to India after spending more than a year in Bangladesh following their alleged wrongful deportation by Delhi Police in 2025. Their return comes after sustained legal intervention and directions from the Supreme Court, which led to verification by Bangladeshi authorities confirming their Indian citizenship. The case has raised fresh concerns over citizenship verification procedures, due process in deportation cases and the need for stronger safeguards to prevent wrongful cross-border expulsions.Read more

3 hours ago

KlaraBo reported a 4.7% year-on-year increase in rental income during the second quarter, supported by annual rent revisions and completed apartment refurbishments. The Swedish residential property company posted a net loss as negative unrealised fair value changes on investment properties and derivatives affected earnings. The company also moved ahead with its planned merger with Sveafastigheter after receiving shareholder approval. KlaraBo expects the merger to be completed in September 2026, with anticipated cost and operational synergies of at least SEK 120 million and a conditional extraordinary dividend of SEK 1.40 per share upon completion.Read more

4 hours ago

• The Goa government has launched the Mukhya Mantri Janjatiya Mhaje Ghar Yojana to provide financial assistance to Scheduled Tribe (ST) families for purchasing or regularising dwelling houses and land under the existing Mhaje Ghar Yojana.
• Eligible ST beneficiaries with an annual family income of up to INR 5 lakh can receive reimbursement of up to INR 1 lakh, with 100% assistance for pre-1972 properties and 50% assistance for post-1972 properties.
• Applicants must have already obtained purchase or regularisation approval under specified provisions of the Goa land laws and submit supporting documents, including payment receipts, income and ST certificates, house tax receipts and bank details, to claim the benefit.
• The scheme will be implemented for an initial two-year period, with benefits disbursed through direct benefit transfer (DBT) after approval by the Director of Tribal Welfare and oversight by a monitoring committee.Read more

Priyanka Vig

4 hours ago

India's hospitality industry has evolved beyond the traditional model of hotel ownership, with a growing preference for operating structures that separate real estate ownership from hotel management. Owned-and-operated hotels, management contracts, franchise agreements and aggregator platforms each play a distinct role in the sector, offering different levels of control, investment and operational responsibility. As hotel brands continue to expand across the country, these business models have become central to attracting investment, supporting faster growth and strengthening the organised hospitality market.Read more

5 hours ago

Bollywood actor Salman Khan has sold his apartment in Mumbai's Bandra West for INR 3.50 crore, according to property registration documents. The flat, located in Shiv Asthan Heights, was purchased by the actor in 2014 and has now changed hands after more than a decade. The transaction reflects the continued demand for premium residential properties in Bandra West, one of Mumbai's costliest housing markets. Despite the sale, Salman Khan continues to be associated with Bandra, where his family has lived for decades and where a new residential project is also under development.Read more

5 hours ago

• The Maharashtra government has constituted a committee to formulate a rehabilitation plan for eligible slum residents living on mangrove land and other environmentally sensitive areas across the state.
• The panel will undertake surveys, identify eligible beneficiaries and prepare a comprehensive rehabilitation strategy within a stipulated timeframe.
• Families that cannot be rehabilitated at their existing locations will be considered for resettlement through government housing agencies such as MHADA, CIDCO and the Slum Rehabilitation Authority (SRA).
• The initiative seeks to balance environmental conservation with rehabilitation of eligible occupants while enabling the restoration and protection of mangrove ecosystems.Read more

6 hours ago

Fastighets Aktiebolaget Trianon reported improved financial performance for the second quarter, with income from property management increasing 18 per cent year-on-year to SEK 67 million. The company also posted higher rental income of SEK 208.4 million, reflecting continued growth in its property portfolio. Net profit for the quarter stood at SEK 31.9 million, while earnings per share reached SEK 0.17. The results indicate steady operational performance supported by stronger rental earnings despite the challenging market environment.Read more

Mumbai News Desk

6 hours ago

Jawaharlal Nehru Port Authority (JNPA) has initiated the development of a 62-acre automated empty container yard near Nhava Sheva through a long-term concession with Dubai-based RSA Global. The INR 2,580 crore project, located within the JNPA estate at Uran in Raigad district, aims to modernise empty container handling, reduce road congestion and improve cargo movement at India's largest container port. Designed to handle more than 50,000 TEUs every month, the facility will consolidate storage, maintenance and repair operations while supporting port-led logistics infrastructure. The project is expected to generate around 750 direct and indirect jobs and strengthen freight efficiency across western, northern and central India.Read more

6 hours ago

Indian Hotels Company Limited (IHCL), part of the Tata Group, has opened the 154-key Vivanta Gurugram Sector 95A, taking its portfolio in the National Capital Region (NCR) to 18 hotels. The new property strengthens the hospitality company's presence in Gurugram, a key commercial hub witnessing sustained corporate activity and infrastructure development. The opening also expands the footprint of the Vivanta brand in a high-growth market. IHCL currently has a development pipeline of 263 hotels across India and opened 11 new properties during the quarter ended June, reflecting its continued expansion strategy across multiple hospitality segments.Read more

Ahmedabad News Desk

7 hours ago

• The Ahmedabad Municipal Corporation (AMC) has suspended the temporary leasing of its plots following allegations of irregularities in the allotment process.
• The decision comes after concerns were raised over the manner in which municipal land was being leased, prompting the civic body to review existing procedures and examine past allotments.
• AMC has halted new temporary lease approvals until a comprehensive review is completed, with officials expected to introduce stricter norms to improve transparency and accountability.
• The move is expected to temporarily delay the use of several municipal land parcels while the civic body reassesses its land management and leasing framework to ensure compliance with administrative procedures.Read more

7 hours ago

Heba Fastighets reported a 4% year-on-year increase in rental income for the first half of the year, supported by steady property management performance and lower maintenance costs. Income from property management rose 7%, while profit increased significantly compared to the same period last year. The company said its focus on energy efficiency, digitalisation, sustainability and disciplined capital allocation continued to improve operational performance. It also reaffirmed its commitment to achieving its 2030 energy consumption target and retained positive analyst sentiment.Read more

8 hours ago

Residents of the Imperia Esfera Phase 2 housing complex in Sector 37D, Gurugram, have demanded an independent structural audit after a section of a first-floor balcony collapsed during heavy rainfall earlier this week. No injuries were reported, although debris fell into a commonly used area within the society. Police and local administration officials have cordoned off the site and initiated an investigation. Residents have alleged persistent negligence by the developer and have called for a comprehensive third-party assessment of all towers before they are declared structurally safe. The incident has also renewed concerns over maintenance standards and construction quality at the residential project.Read more

8 hours ago

• A civil court in Pune has ordered the cancellation of a sale deed executed in the controversial Mundhwa land transaction involving Amadea Enterprises LLP, a firm in which NCP MP Parth Pawar is a partner.
• The order was passed by Joint Civil Judge N R Gajbhiye in a civil suit filed by Sheetal Tejwani, acting as the power-of-attorney holder of the original landowners.
• Tejwani, who is also an accused in the ongoing criminal investigation related to the land deal, sought cancellation of the sale deed, contending that the transaction was invalid.
• The civil court's decision pertains to the validity of the sale deed and is separate from the criminal proceedings, which continue to be investigated by the authorities.Read more

9 hours ago

The World Bank has approved a USD 890 million financing package to support the expansion of India's PM Surya Ghar: Muft Bijli Yojana, aimed at accelerating rooftop solar adoption across 10 million households. The funding comprises an USD 820 million loan, a USD 60 million concessional loan and a USD 10 million grant, while also seeking to mobilise USD 4.2 billion in private financing. The programme is expected to increase residential solar installations, lower household electricity costs and generate an estimated 1.7 million jobs across manufacturing, installation and renewable energy services, supporting India's transition towards a cleaner energy mix.Read more

9 hours ago

Retail rentals across Delhi-NCR’s prime high streets continued to move upward during the April-June quarter of 2026, supported by healthy leasing demand and limited availability of quality retail space. According to Cushman & Wakefield, Khan Market remained India's costliest high street, recording a 9 per cent annual rise in rents. South Extension saw the highest rental growth at 10 per cent, while several other key retail hubs also witnessed moderate increases. The consultancy also reported that retail leasing activity across Delhi-NCR more than doubled during the quarter, reflecting sustained demand from retailers.Read more

10 hours ago

The Supreme Court has ruled that the amalgamation of one bank with another does not exempt the successor bank from eviction under the Delhi Rent Control Act if the landlord's written consent for transfer of possession was not obtained. In a judgment delivered earlier this week, the court directed Punjab National Bank (PNB) to hand over vacant possession of commercial premises at Connaught Circus, New Delhi, to British Motor Car Company Ltd by January 31, 2027. The decision concludes a legal dispute spanning nearly four decades and clarifies that banking merger schemes approved by the Reserve Bank of India (RBI) do not override provisions governing landlord consent under the Delhi Rent Control Act.Read more

10 hours ago

• StaffFlex Resolutions LLP has signed an agreement with the Meghalaya Technology Parks Society to lease space at Shillong Technology Park-II, becoming the facility's first confirmed occupant.
• The agreement was signed during the NASSCOM Industry Leaders' Meet 2026 in Shillong, marking a key milestone in operationalising the state's expanding IT infrastructure and attracting investments.
• Chief Minister Conrad K. Sangma said Meghalaya is focused on building a sustainable IT ecosystem through infrastructure development, industry partnerships and skill development rather than symbolic agreements.
• Industry leaders recommended measures to strengthen Meghalaya's startup ecosystem, improve ease of doing business and equip the workforce with future-ready digital skills, including artificial intelligence and cybersecurity.Read more

11 hours ago

Punjab is set to roll out a Japan International Cooperation Agency (JICA)-assisted horticulture project worth around INR 1,300 crore to strengthen the state's horticulture sector and improve farmers' income. The initiative will focus on climate-resilient and high-value crops, modern technology adoption, quality planting material and infrastructure development. The announcement comes as Punjab continues to expand horticulture cultivation and records the highest number of approved projects under the Agriculture Infrastructure Fund (AIF) scheme. The state government expects the project to further diversify agriculture and create better livelihood opportunities for farmers and rural youth.Read more

11 hours ago

HiLITE Group has appointed Neka Sulaiman as Director of HiLITE Holdings to head its hospitality division and lead the company's expansion plans across Kerala. The Group has set a target of developing 1,000 hotel keys by 2030, with Kozhikode expected to play a central role in the strategy. The move marks HiLITE Group's entry into a larger hospitality business alongside its existing real estate, retail and commercial portfolio. Neka brings operational experience from the Group's café business along with a background in commerce and finance.Read more

12 hours ago

The Centre has approved infrastructure projects worth INR 2,039 crore for Kerala following discussions between the state's Public Works Department and the Union Ministry of Road Transport and Highways. The approvals include a new bridge across the Kabani River, works on National Highways 744, 966 and the old NH-66 stretch, along with a major four-laning project on the Kollam–Theni National Highway. The Centre has also given in-principle approval to ropeway projects at Sabarimala, Munnar and Wayanad, while several other highway proposals have moved closer to approval.Read more

12 hours ago

The Andhra Pradesh government has granted a second extension for completing the INR 4,923 crore Ramayapatnam Greenfield Port project, allowing the EPC contractor to finish the work by December 30, 2026 without imposing liquidated damages. The decision follows requests citing delays in land handover, pending external infrastructure, difficult dredging conditions, force majeure events and global supply chain disruptions. The project, being developed by a joint venture of Navayuga Engineering Company Ltd and Aurobindo Realty Ltd, is a key maritime infrastructure initiative aimed at strengthening the state's port capacity.Read more

13 hours ago

French banking group BPCE has entered exclusive negotiations with cooperative lender Crédit Mutuel Arkéa to acquire its real estate subsidiaries, Izimmo and Liberkeys, as part of its strategy to expand its presence in France's property market. The proposed acquisition, announced in the past week, is expected to strengthen BPCE's position across real estate investment, savings and brokerage services. The bank, which holds a 26% share of the French mortgage market, said the transaction would complement its existing property-related businesses. Financial terms of the proposed deal have not been disclosed. Subject to the completion of negotiations and customary approvals, the transaction is expected to close during the fourth quarter of the year.Read more

13 hours ago

• The Chennai Metropolitan Development Authority (CMDA) has launched stakeholder consultations for preparing the Third Master Plan (TMP), which will guide the region's urban growth and infrastructure development over the coming decades.
• The consultations bring together representatives from government departments, local bodies, industry, academic institutions, professional organisations and civil society to gather inputs for the comprehensive planning exercise.
• The Third Master Plan aims to address key issues such as land use, housing, transport, environmental sustainability, climate resilience and economic development across the Chennai Metropolitan Area.
• Officials said the consultative process is intended to create an inclusive, data-driven and future-ready development framework that aligns with the region's rapidly expanding urban footprint.Read more

14 hours ago

The Naveen Jindal Group has announced plans to invest more than INR 70,650 crore in Jharkhand across steel, nuclear energy and renewable energy projects, further expanding its industrial presence in the state. The proposed investments include a major steel expansion, a nuclear energy project and a solar power initiative. The group has also signed an agreement with the Jharkhand government for the proposed projects. The investment is expected to generate over 11,000 direct jobs while supporting MSMEs, downstream industries, logistics and advanced manufacturing in the state.Read more

14 hours ago

TCL Solar has made its debut at Solar & Storage Live Vietnam 2026, highlighting its integrated solar business and expansion plans for Southeast Asia. The company showcased solar solutions for residential, commercial and industrial (C&I), and utility-scale projects, while introducing its Back Contact (BC) technology with a focus on higher efficiency and lower carbon emissions. TCL Solar also outlined its localisation strategy through local service centres, technical training and stronger supply chains to support long-term solar project development across the region.Read more

15 hours ago

Kontron Transportation has won a contract to modernise the railway communications core network for Portugal’s national railway infrastructure. The project will support the country’s transition to the Future Railway Mobile Communication System (FRMCS), the next-generation railway communications standard. The scope includes supplying and installing radio communication infrastructure, testing, migration, training and long-term operational support. The contract further strengthens Kontron Transportation’s presence in Portugal, where the country has been investing in the digital transformation of its railway infrastructure to improve safety, interoperability and network efficiency.Read more

15 hours ago

Brazilian agribusiness company SLC Agricola has agreed to acquire approximately 8,900 arable hectares in the state of Mato Grosso for BRL 669 million (USD 130 million). The transaction includes agricultural infrastructure such as silos and a cotton processing facility and forms part of the redistribution of the "Bloco Mato Grosso" farmland portfolio owned by Radar, a subsidiary of Cosan. SLC Agricola already operates part of the land under lease agreements and will continue leasing a portion of the remaining area after the acquisition. The deal is subject to regulatory approvals and is expected to close following the scheduled payment milestones.Read more

16 hours ago

The Madhya Pradesh cabinet has approved infrastructure and rehabilitation projects worth INR 2,300 crore, along with funding for several development initiatives across the state. Key decisions include financial support for the Chief Minister's Scooty Scheme, modernisation of the State Data Center, urban forest development, rehabilitation of families affected by irrigation projects, and continuation of science and technology initiatives. The cabinet also cleared amendments to the ESDM Investment Promotion Policy, approved a new agricultural produce disposal policy, and granted stamp duty relief under the Swamitva Yojana.Read more

16 hours ago

The Indian National Lok Dal (INLD) has opposed the Haryana government's reported move to award electricity distribution work in Gurugram and Nuh to a private company, alleging that it would transfer profitable public assets into private hands. The party argued that Gurugram is a key revenue-generating district with low transmission losses and questioned the need for privatisation. Meanwhile, the Haryana Electricity Regulatory Commission (HERC) has formed an independent three-member expert committee to examine a petition seeking a distribution licence in the two districts before making any regulatory decision.Read more

17 hours ago

• Kamarajar Port in Tamil Nadu has become India's second major port to achieve an 18-metre navigational draft following a capital dredging project worth approximately INR 440 crore.
• The enhanced draft enables the port to handle larger Capesize and fully loaded bulk carriers, strengthening its cargo-handling capability and improving operational efficiency.
• The development is expected to reduce logistics costs, minimise vessel waiting time and reinforce the port's role in supporting India's growing maritime trade.
• Officials said the upgrade aligns with the government's broader objective of enhancing port infrastructure and boosting India's global shipping competitiveness.Read more

17 hours ago

The Centre has exempted units operating from the International Financial Services Centre (IFSC) at GIFT City from obtaining a licence from the Directorate General of Maritime Administration (DGMA) to charter foreign vessels. The move has been notified under the Coastal Shipping Act, 2025, and is expected to simplify vessel leasing for eligible entities. Earlier, foreign-flagged ships required DGMA approval to undertake coastal trade in Indian waters. The decision comes after concerns were raised that the new law could affect Indian commodity trading firms relying on foreign vessels for international operations.Read more

13 Jul 2026

• Debris removal operations continued at the Kashedi Ghat section of National Highway 66 after a landslide triggered by heavy rainfall disrupted traffic on the Mumbai–Goa highway.
• Mumbai-bound vehicles have been diverted to the opposite carriageway while authorities work to restore normal movement on the affected stretch.
• The landslide temporarily closed the highway for several hours, with machinery and emergency personnel deployed to clear mud and rocks from the roadway.
• Authorities have advised motorists to exercise caution as restoration work continues amid ongoing monsoon conditions.Read more

13 Jul 2026

Interarch Building Solutions Ltd has inaugurated a new manufacturing facility in Kheda, Gujarat, as part of its capacity expansion strategy for India's steel construction sector. Spread across nearly 12 acres, the first phase of the plant adds 20,000 metric tonnes (MT) of annual manufacturing capacity with an investment of INR 60 crore. A planned second phase will add another 20,000 MT per annum, increasing the facility's total capacity to 40,000 MT annually, with cumulative investment expected to reach INR 70 crore. The project is expected to create more than 400 direct and indirect jobs. The company said the expansion will strengthen its ability to meet growing demand for prefabricated steel building solutions across industrial, commercial and infrastructure projects.Read more

13 Jul 2026

The Maharashtra government has announced that slums established on government forest land before January 1, 2011, will be protected through a rehabilitation policy rather than eviction, subject to legal approvals. Forest Minister Ganesh Naik informed the Legislative Assembly that the state would seek necessary permissions from the judiciary and the Centre wherever required. The proposal aims to address long-standing housing issues affecting eligible occupants while ensuring compliance with forest conservation laws and applicable rehabilitation frameworks.Read more

13 Jul 2026

• Tripura has urged the Centre to raise the annual cap on externally aided projects (EAPs) from INR 4,000 crore to INR 10,000 crore to support larger infrastructure projects.
• Chief Minister Manik Saha said the request was placed before Union Finance Minister Nirmala Sitharaman during the recent North Eastern Council (NEC) plenary session.
• The state highlighted progress under the Smart City Mission, water body rejuvenation and other urban infrastructure projects while seeking greater financial flexibility.
• Tripura also aims to attract Memorandums of Understanding (MoUs) worth INR 1 lakh crore through the Destination Tripura: Business Conclave 2026.Read more

13 Jul 2026

New Century Group Hong Kong Ltd has announced that one of its subsidiaries has granted a mortgage loan worth HKD 8.7 million with a repayment period of 12 months. The transaction forms part of the company's financial services activities and was disclosed through a regulatory filing. The company has not released additional details about the borrower, the purpose of the loan, or the interest terms. The announcement comes as listed companies continue to disclose material lending transactions in line with Hong Kong's regulatory requirements.Read more

13 Jul 2026

• The National Capital Region Transport Corporation (NCRTC) has begun preparing a Detailed Project Report (DPR) for a proposed Regional Rapid Transit System (RRTS) corridor linking Ghaziabad with Noida International Airport at Jewar.
• The proposed high-speed transit corridor aims to significantly reduce travel time between Ghaziabad, Noida, Greater Noida and the upcoming airport, while strengthening regional connectivity across the National Capital Region.
• The DPR will assess the project's alignment, station locations, technical feasibility, passenger demand, costs and implementation strategy before it is taken up for approvals.
• The proposed corridor forms part of broader efforts to expand the NCR's rapid transit network and improve multimodal connectivity to the greenfield airport ahead of its phased operational rollout.Read more

13 Jul 2026

• MMR recorded 17,148 residential sales priced below INR 50 lakh in the first half of 2026, while Mumbai city saw only 23 apartment sales in the ultra-luxury segment priced above INR 50 crore, according to Knight Frank India's H1 2026 report.
• The findings highlight the region's dual-speed housing market, where affordable homes continue to dominate transaction volumes despite growing interest in premium and luxury residential developments.
• Affordable housing demand remained concentrated in emerging MMR markets such as Thane, Navi Mumbai, Kalyan-Dombivli and Panvel, driven by end-user demand, improved infrastructure and relatively lower property prices.
• The report also indicates that while luxury housing contributes significantly to market value, affordable and mid-income homes continue to underpin overall residential sales, reflecting the sustained demand from first-time buyers and middle-income households.Read more

13 Jul 2026

Japanese conglomerate Mitsubishi has expressed interest in establishing a semiconductor manufacturing plant in West Bengal, marking a potential boost for the state's advanced manufacturing ambitions. The proposed facility could be located in Durgapur or Panagarh, with further discussions scheduled later this month. The state government said it is preparing a new industrial policy and incentive framework to attract investments in semiconductors, artificial intelligence, data centres and other sunrise sectors while positioning West Bengal as eastern India's preferred investment destination.Read more

13 Jul 2026

The Leela Palaces, Hotels and Resorts has unveiled The Leela Coorg Forest Sanctuary as the new identity for its recently acquired luxury retreat in Coorg, Karnataka. Spread across a 76-acre estate comprising ancient forests and coffee plantations in the Western Ghats, the property has been repositioned as a nature-led luxury destination. The retreat features 71 villas, a 27,000 sq ft wellness centre, multiple dining venues and curated outdoor experiences. The rebranding forms part of The Leela's portfolio expansion as it marks four decades in the hospitality sector and strengthens its presence in India's luxury leisure market.Read more

13 Jul 2026

UK housebuilder Vistry expects a stronger second half of the year despite forecasting a first-half pre-tax loss of GBP 30 million (USD 40 million). The company has outlined a strategic overhaul led by Chief Executive Adam Daniels, focusing on cost reductions, lower land purchases, a smaller regional footprint and the discontinuation of part-exchange operations to improve profitability and reduce debt. While first-half completions declined to around 6,100 homes due to delays in partner-funded developments, Vistry maintained its full-year adjusted profit guidance of GBP 200 million. The builder also expects to end the year with net cash exceeding GBP 100 million, supported by higher open-market sales, investment partner projects, government affordable housing grants and the impact of its restructuring programme.Read more

13 Jul 2026

A Delhi court has ruled that the Enforcement Directorate (ED) cannot treat summons served at the Delhi residence of real estate businessman Amit Katyal as valid service on his son, Krishan Katyal, who is a foreign national residing overseas. In its order issued earlier this week, the court held that the agency must follow the prescribed legal procedure for serving notices on individuals living abroad. The case forms part of the ED’s money laundering investigation into alleged homebuyer fraud linked to the Krrish Florence Estate project in Gurugram’s Sector 70. The ruling clarifies that Krishan Katyal is neither an accused in the predicate offence nor in the money laundering case currently under investigation.Read more

13 Jul 2026

A section of an under-construction flyover on the Nagpur–Kolhapur National Highway at Vishnupuri, on the outskirts of Nanded, Maharashtra, collapsed on Thursday, injuring two college students. The incident occurred near Shri Guru Gobind Singhji Institute of Engineering and Technology when a concrete slab fell from the structure. Authorities secured the site, diverted traffic and launched a technical investigation into the collapse. The inquiry will assess construction quality, structural integrity and safety compliance before work on the highway flyover project resumes.Read more

13 Jul 2026

India’s global capability centre (GCC) ecosystem continues to expand rapidly, with Tier 2 cities expected to play a bigger role as companies look beyond traditional metro locations. According to the Ministry of Electronics and Information Technology (MeitY), India now hosts more than 2,100 GCCs, generating nearly USD 98.4 billion in revenue and employing 2.36 million professionals. Industry experts said lower operating costs, better employee retention and a growing talent pool are making emerging cities more attractive, although stronger technology ecosystems, infrastructure and policy support will be essential to sustain future growth.Read more