1 minute ago

• The Association of Global NICMARians (AGNI) hosted ASPIRE 2026 in Mumbai, bringing together professionals from the construction, infrastructure, real estate and project management sectors.
• The symposium focused on the theme “Innovation to Transformation”, highlighting technology adoption, artificial intelligence, sustainability and data-driven decision-making.
• AGNI announced plans to launch an Industry Benchmarking Programme and a digital ecosystem featuring multiple industry-focused tools.
• The event also marked the launch of the first AGNI Excellence Awards, which attracted 34 nominations and shortlisted 12 startups.
• AGNI and the Construction Industry Development Council (CIDC) agreed to collaborate on industry development, skill enhancement and innovation adoption initiatives.Read more

31 minutes ago

The Delhi Development Authority (DDA) has launched a Single Window Clearance System for its Online Building Plan Approval System (OBPAS), developed and implemented by SoftTech Engineers Limited. The digital platform is designed to streamline the building permit approval process by integrating application submission, compliance scrutiny, approvals, inspections and no-objection certificate (NOC) coordination within a unified system. The platform incorporates AI-powered CAD scrutiny, real-time tracking, geo-tagged site inspections, online fee payments and digital certificate issuance. The initiative aims to improve transparency, reduce processing timelines and minimise manual intervention in building approvals, supporting DDA’s broader objective of delivering efficient and technology-driven urban governance in the national capital.Read more

1 hour ago

• Bihar has announced plans to develop 11 mega industrial parks and create a 50,000-acre land bank to support future industrial and manufacturing projects across the state.
• The government will also establish food parks in all 38 districts to boost agro-processing, local industries and employment opportunities.
• The initiative aims to improve land availability for investors, strengthen industrial infrastructure and enhance Bihar’s ease of doing business ecosystem.
• Officials have been directed to simplify approvals, promote entrepreneurship and accelerate growth in sectors such as food processing, textiles, pharmaceuticals and MSMEs.
• The move forms part of Bihar’s broader strategy to attract private investment, expand industrial activity and generate long-term employment.Read more

1 hour ago

• PDS has been certified as a Great Place to Work across 10 countries, including India, Hong Kong, Germany, China, Bangladesh, Vietnam, the UK, Turkiye, Sri Lanka and Pakistan.
• The certification was based on direct employee feedback, with nearly 90% participation across surveyed locations.
• The company said the recognition reflects its focus on fostering trust, inclusion, collaboration and employee empowerment.
• PDS continues to invest in leadership development, employee engagement, wellbeing initiatives and recognition programmes across its global operations.
• The certification is awarded through a research-based assessment of workplace culture, employee trust, pride and camaraderie.Read more

2 hours ago

The Delhi Development Authority (DDA) has extended the booking deadline for flats under its Towering Heights Housing Scheme in Karkardooma, East Delhi, until June 30, offering additional time to both individual homebuyers and government agencies interested in bulk purchases. The extension follows earlier revisions to the booking schedule and comes as DDA continues to market one of the capital’s most prominent residential developments. Developed under the supervision of NBCC, the project comprises a 48-storey residential tower rising 155 metres, making it Delhi’s tallest residential building. The scheme is also the first housing project to be developed under the city’s Transit Oriented Development (TOD) policy, aimed at promoting high-density housing around public transport infrastructure.Read more

Kolkata News Desk

3 hours ago

• SOTC Travel has expanded its retail network in West Bengal with the launch of a new outlet on B.T Road in Kolkata.
• The new branch marks the company’s ninth store in Kolkata and forms part of its strategy to strengthen its presence across key metropolitan and tier-I and tier-II markets.
• The location is expected to cater to families, professionals, entrepreneurs and younger travellers seeking domestic and international holiday packages.
• The company reported continued demand for spiritual tourism, luxury cruises, expedition travel and adventure-focused experiences.
• SOTC is also promoting travel protection solutions, including its TravSure initiative and visa rejection cover, to enhance customer confidence.Read more

4 hours ago

The Centre’s PM Surya Ghar Muft Bijli Yojana has crossed 41 lakh beneficiary households, with the government aiming to reach 75 lakh rooftop solar-powered homes by the end of 2026. Union New and Renewable Energy Minister Pralhad Joshi said more than 65 lakh applications are currently under process, reflecting strong adoption of residential solar energy across the country. Launched in February 2024 with an outlay of INR 75,021 crore, the scheme provides subsidies for rooftop solar installations and offers households up to 300 units of free electricity each month. The programme has also recorded substantial growth in rooftop solar deployment on government buildings, with over 53,000 structures already solarised and 855 MW of cumulative installed capacity achieved.Read more

5 hours ago

Australia’s House of Representatives has passed a landmark tax reform bill that proposes significant changes to property investment taxation and capital gains treatment, while also introducing new tax relief measures for workers. The legislation is aimed at improving housing affordability by limiting tax concessions for property investors and encouraging investment in new housing supply. The reforms, which form a key part of the federal government's recent budget agenda, will now move to the Senate for approval. The package also includes additional tax offsets and deductions for individual taxpayers alongside previously announced tax cuts.Read more

6 hours ago

Lucknow district administration has significantly revised circle rates across several villages located along emerging expressway and infrastructure corridors, with some areas witnessing increases of up to 100%. The revisions cover villages situated near the Purvanchal Expressway, Kisan Path, IT City expansion zone and other rapidly urbanising pockets. Officials said the move reflects changing land values driven by infrastructure investments, industrial development proposals and rising real estate activity. The revised rates are expected to influence land transactions, stamp duty collections and future development planning across the district.Read more

7 hours ago

Egypt is in the final stages of launching a USD 500 million equivalent Samurai bond in Japan, marking its first yen-denominated bond issuance in three years. The planned fundraising comes as the country continues efforts to diversify financing sources and strengthen fiscal stability. The African Development Bank had earlier agreed to provide a partial guarantee for the bond issuance, supporting investor confidence. While Egypt's economy has received support from major real estate investments and an IMF loan programme, rising energy costs and inflation linked to the Iran conflict continue to put pressure on the country's finances.Read more

8 hours ago

Pan IIT Alumni India has soft-launched “Pan IIT AI Niti (Pariniti)”, a dedicated artificial intelligence policy think tank aimed at contributing to India’s AI governance, infrastructure and innovation ecosystem. Announced during a gathering at Bombay Gymkhana in Mumbai, the initiative will focus on multiple layers of the AI value chain, including semiconductors, cloud infrastructure, data centres, energy systems, algorithms and AI governance. The think tank will operate through specialised verticals involving IIT alumni, industry executives, policymakers, venture capital professionals and researchers. Praxis Global Alliance has been appointed as the knowledge and think tank partner for the initiative. The platform is expected to generate policy recommendations, research papers and industry inputs for government and institutional stakeholders.Read more

Pune News Desk

9 hours ago

• Ceratec Group has announced plans for an on-demand built-to-suit commercial development with a potential built-up area of around 10 lakh sq ft in Wakad, Pune.
• The project, located adjacent to EON West, is expected to generate approximately INR 1,000 crore in revenue.
• The development will target occupiers including Global Capability Centres (GCCs), IT and ITES firms, corporate headquarters, educational institutions, healthcare providers and hospitality operators.
• The company is seeking partnerships with channel partners, international property consultants and leasing associates for tenant acquisition.
• The announcement comes amid rising demand for Grade A office spaces driven by multinational corporations, GCC expansion and technology-led businesses.Read more

10 hours ago

• Chandigarh administration has moved a proposal that may grant ownership rights to nearly 35,000 rehabilitation colony residents
• The colonies were originally allotted under lease or licence-based rehabilitation schemes for economically weaker sections
• A draft policy has been prepared and sent for approval at the central level for further clearance
• A fresh committee has been formed to review legal, financial and procedural aspects and study similar models in other cities
• The move comes after earlier committees failed to resolve long-standing ownership and title issuesRead more

11 hours ago

Agro Chem Federation of India organised an awareness and interaction programme in Chandigarh focused on sustainable agricultural practices, responsible agrochemical usage and stronger collaboration between industry stakeholders and agri-input distribution networks. The event, themed “Strengthening Dealer Industry Partnership for Sustainable Agriculture”, brought together agri dealers, distributors, retailers, advisors and industry professionals from Punjab and Haryana. Discussions centred on scientific pesticide usage, counterfeit product prevention, stewardship initiatives, environmental safety and farmer education amid evolving regulatory requirements. Industry representatives stated that agri dealers continue to play a critical role in influencing farming practices at the grassroots level, particularly in improving awareness regarding safe and judicious use of agricultural inputs across farming communities.Read more

12 hours ago

• Navi Mumbai Municipal Corporation (NMMC) has intensified water quality testing across Belapur and Nerul after residents reported discoloured and turbid water following a two-day water supply shutdown.
• Mayor Sujata Patil and Deputy Mayor Dashrath Bhagat reviewed water sample testing conducted across residential sectors, villages and slum settlements.
• Laboratory tests indicate that water supplied across the city meets international potable water standards despite temporary turbidity caused by sediment movement in pipelines.
• NMMC has directed officials to inspect potential pipeline leakages and undertake washout operations in affected areas.
• The civic body has urged housing societies to clean underground and overhead water tanks and use water judiciously amid limited reservoir reserves before the monsoon.Read more

05 Jun 2026

• Uttar Pradesh government has acquired nearly 100 hectares of land in Niwari, Modinagar, Ghaziabad.
• The land will be developed into a planned industrial hub under UPSIDA.
• The move is part of the state’s broader strategy to expand industrial infrastructure and manufacturing capacity.
• The project is expected to support logistics, manufacturing units, and industrial investment in the region.
• Ghaziabad’s proximity to Delhi-NCR makes it a key location for future industrial development and investor interest.Read more

05 Jun 2026

Prime Minister Shri Narendra Modi on 5 June 2026 inaugurated, dedicated, and laid the foundation stones for projects worth approximately INR 22,655 crore across Gujarat, Daman, and Lakshadweep, spanning roads, power, healthcare, civil aviation, tourism, and maritime connectivity. In Surat, INR 18,800 crore of projects were unveiled, including Vadodara–Mumbai Expressway packages and a 220-bed ESIC hospital. In Daman, INR 2,970 crore of projects were initiated, anchored by the NAMO Airport terminal, NAMO Hospital, Iconic Bridge, and a NIFT campus. Foundation stones for INR 885 crore of port infrastructure were laid for Lakshadweep.Read more

05 Jun 2026

Prism, the parent company of travel technology firm Oyo, has received approval from the Securities and Exchange Board of India (Sebi) to launch its proposed initial public offering (IPO) worth INR 6,650 crore. The company had submitted its draft papers through the confidential filing route late last year and is now preparing to move to the next stage of the listing process. The IPO is expected to value the company between USD 7 billion and USD 8 billion. Prism is also assessing market conditions before finalising its public filing and broader listing timeline.Read more

05 Jun 2026

• Madhya Pradesh cabinet has approved a SVAMITVA-linked initiative to issue legal land title deeds to rural landholders.
• The scheme will convert drone-surveyed SVAMITVA land records into officially registered ownership documents.
• Beneficiaries will be able to use land as collateral to access bank loans for housing, business, and agriculture.
• The state government will fully bear stamp duty and registration charges for the process.
• A dedicated committee will oversee implementation, monitoring, and inter-department coordination.Read more

05 Jun 2026

The Maharashtra government and Prasar Bharati have signed an MoU to jointly develop a 150-acre media and entertainment hub on Prasar Bharati-owned land in Malad, Mumbai. The project aims to create an integrated ecosystem for film, television, digital media and related industries. Planned in phases, the development will involve detailed land-use planning, infrastructure creation and statutory approvals. The initiative is intended to support Mumbai’s media and entertainment sector while strengthening infrastructure for content creation and allied activities.Read more

05 Jun 2026

Home sales across the Greater Toronto Area (GTA) recorded their strongest monthly increase in 10 months during the past month, supported by improving housing affordability and lower borrowing costs. Seasonally adjusted sales rose 10% from the previous month, marking the third consecutive monthly gain. However, home prices continued to face pressure, with the home price index slipping marginally. On an annual basis, sales increased while new listings declined sharply, indicating changing market dynamics. Industry experts expect market activity to strengthen further in the second half of the year, subject to economic and geopolitical developments.Read more

05 Jun 2026

• Mumbai Monorail has received final safety clearance from the Commissioner of Metro Rail Safety (CMRS) following upgrades to its signalling, communication and operational systems.
• The approval enables the MMRDA to fully implement the modernised infrastructure across the 19.54-km Chembur–Jacob Circle corridor.
• The upgrade programme was undertaken to improve safety, reliability and operational efficiency on the network.
• The clearance marks the completion of a major modernisation initiative for India’s first monorail system.Read more

05 Jun 2026

France has awarded its prestigious “Palace” distinction to six additional luxury hotels, expanding the country’s highest tier of hospitality recognition to 33 properties. The newly recognised establishments include three hotels in Paris alongside properties in Megève, Cannes and the Champagne region. Introduced in 2010, the designation is reserved for exceptional five-star hotels that meet stringent standards relating to service, location, heritage and guest experience. The recognition is widely regarded as one of the most sought-after accolades in global luxury hospitality.Read more

05 Jun 2026

Haryana has emerged as the top-performing state in the country in terms of growth in state GST collections for May, registering a 22 per cent year-on-year increase, significantly higher than the national average of 6 per cent. The state reported net SGST collections of INR 4,456 crore, marking an increase of INR 807 crore compared to the same period last year. Haryana has also maintained strong performance in cumulative GST growth during the first two months of FY 2026–27, recording a 40 per cent rise over the corresponding period last year, supported by steady economic activity and tax administration efficiency.Read more

05 Jun 2026

Growing investment requirements for AI-led data centre development are expected to increase the role of private infrastructure and real estate capital in the coming years, according to Goldman Sachs. The brokerage has raised its capital expenditure forecast for the world’s four largest hyperscale technology companies to USD 5.3 trillion between FY2025 and FY2030. As funding needs rise, companies are expected to access a wider range of public, securitised and private financing channels. Goldman also anticipates stronger growth in private infrastructure assets, supported by increasing demand for data centres, power networks and related digital infrastructure.Read more

05 Jun 2026

The Delhi government has announced a crackdown on buildings operating without mandatory fire safety clearances following the fatal fire at a hotel in Malviya Nagar that claimed 21 lives. Authorities have directed civic agencies to identify and seal properties lacking fire safety No Objection Certificates (NOCs) and other statutory approvals. The action comes amid growing scrutiny of safety violations after investigations revealed multiple lapses at the affected property, including the absence of fire clearance and unauthorised construction. The enforcement drive will cover hotels, commercial establishments and other high-risk buildings across the capital as authorities seek to strengthen compliance with fire safety regulations and prevent similar incidents.Read more

05 Jun 2026

• Heavy pre-monsoon showers led to temporary flooding at the Andheri Subway, forcing authorities to suspend traffic movement for a brief period.
• The incident has renewed attention on one of Mumbai’s most flood-prone transport corridors despite ongoing drainage and pumping infrastructure upgrades.
• Civic authorities maintain that flood-mitigation measures have improved response times, but recurring waterlogging continues to challenge mobility during intense rainfall events.Read more

05 Jun 2026

Godrej Capital is aiming to increase its assets under management (AUM) by over 30% to INR 38,000 crore during the current financial year, while setting a longer-term target of INR 1 lakh crore over the next five years. Alongside expanding its lending business, the company has entered the wealth management segment through the launch of Godrej Wealth. The firm plans to strengthen its presence across India, introduce new lending products, and deepen its affordable housing finance portfolio. The company also intends to explore a public listing after achieving greater scale and demonstrating consistent business performance.Read more

05 Jun 2026

MHADA will begin handing over 500 redeveloped homes to eligible residents of the Naigaon BDD Chawl project in Mumbai from 6 June. The allotments are part of the Maharashtra government’s redevelopment of the century-old BDD chawls at Naigaon, Worli and N M Joshi Marg. The new apartments replace ageing tenements with larger homes and improved amenities. The handover marks a key milestone in the rehabilitation of thousands of residents under one of Mumbai’s largest public housing redevelopment programmes.Read more

05 Jun 2026

Kotak Alternate Asset Managers (Kotak Alts) has completed the final close of its 14th real estate fund at nearly USD 1 billion, attracting commitments from a subsidiary of the Abu Dhabi Investment Authority (ADIA), South Korea's National Pension Service (NPS Korea) and other institutional investors. The fund will focus on providing structured financing across residential, commercial and mixed-use real estate projects in India. The milestone underscores sustained global investor confidence in the country's property sector and marks NPS Korea's first investment in India's alternative assets market.Read more

05 Jun 2026

Spanish real estate company Merlin Properties plans to moderate the growing share of revenue generated by its data centre business to avoid overdependence on a single asset class. The company is progressing with a major investment programme across Spain and Portugal, supported by rising demand for AI infrastructure. While data centres are expected to become a significant contributor to rental income over the next several years, Merlin intends to maintain a diversified portfolio across offices, retail and logistics assets. The company also sees Portugal emerging as a key market for future expansion due to supportive policies for data centre development.Read more

05 Jun 2026

• MCD intensified action against unauthorised construction across Delhi during 2025.
• Around 4,766 illegal or non-compliant constructions were officially booked by the civic body.
• Authorities issued nearly 3,989 demolition orders under the Delhi Municipal Corporation Act.
• Enforcement actions were carried out on 3,294 properties, including demolitions and sealing drives.
• The drive reflects tighter monitoring of building violations amid rising concerns over structural safety in urban areas.Read more

05 Jun 2026

A church in Bandra has clarified that its Bandstand-facing property is not for sale after a fake online listing claiming a valuation of around INR 900 crore circulated widely on digital platforms. The listing sparked speculation in Mumbai’s premium coastal real estate market, known for high-value luxury residences and celebrity homes. The institution has categorically denied any intent to sell the land and confirmed that no such transaction has been authorised, calling the listing misleading and unauthorised. The incident has also raised concerns over the growing circulation of unverified property listings on online real estate platformsRead more

05 Jun 2026

• Rajasthan has amended provisions under its building regulations to align construction approvals with updated fire safety directives issued by the state government.
• The changes mandate greater adherence to relevant Indian Standard (IS) codes covering fire protection, structural safety, water services, sanitation, lightning protection and earthquake-resistant construction.
• Developers, architects and structural engineers will now be required to provide enhanced compliance certifications and undertakings during approval and occupancy processes.Read more

05 Jun 2026

Tijara & Real Estate Investment Co KSCP has signed an addendum to its existing credit limit agreement, strengthening its financing arrangements with a focus on both debt management and business expansion. The revised facility will be used to restructure existing debt worth 4.1 million Kuwaiti dinars while also providing funding for the company’s real estate activities. The move reflects the company’s efforts to improve its financial position, optimize borrowing costs and secure additional liquidity for ongoing and future property-related operations in Kuwait’s real estate market.Read more

05 Jun 2026

• The Cabinet Committee on Economic Affairs approved three separate national highway upgradation and construction projects on 3 June 2026, with a combined capital outlay of INR 19,834 crore across Bihar, Telangana, and Odisha.
• The projects cover a total of 494.47 km, spanning the Khagaria–Purnea corridor on NH-31 and NH-231, the Armoor–Mancherial and Jagtial–Karimnagar stretches on NH-63 and NH-563, and the Rameshwar–Paradeep coastal highway.
• All three corridors will be built to 4-lane standards, with design speeds of 100 km per hour, and are expected to collectively reduce travel times, lower vehicle operating costs, and strengthen logistics connectivity across the three states.Read more

05 Jun 2026

• The Uttarakhand High Court has extended its interim stay on demolition drives affecting private properties in Haldwani linked to a road widening and urban beautification project.
• The court has also continued protection against demolition of slum settlements in Dehradun amid concerns raised over rehabilitation and due process.
• The matter involves petitions challenging state-led eviction and removal actions undertaken for infrastructure expansion and civic redevelopment works.
• The hearings have brought into focus the balance between urban infrastructure development and safeguarding housing rights of affected residents.Read more

05 Jun 2026

Bundelkhand Industrial Development Authority (BIDA), a Uttar Pradesh government body headquartered in Jhansi, issued a Request for Proposal in April 2025 to select a consultant for technical and financial feasibility studies and preparation of detailed project reports for the Activation Area of its Master Plan 2045. The assignment spans 12 infrastructure segments including a 38-kilometre greenfield expressway, power transmission, water supply, sewage treatment, and ICT systems. Eligible bidders must demonstrate a minimum average annual turnover of INR 75 crore, with the 12-month contract open to consortia of up to three firms.Read more

05 Jun 2026

• Welspun One plans to lease over 10 million sq ft of warehousing and industrial space across India during the next three years.
• The company is expanding its logistics and industrial real estate portfolio amid sustained demand from manufacturing, e-commerce, third-party logistics and retail occupiers.
• The planned leasing is expected to come from assets being developed under the firm's investment platforms across multiple logistics markets.
• The company remains focused on scaling its portfolio through institutional capital, development activity and long-term tenant partnerships.Read more

05 Jun 2026

• Lucknow Development Authority has reopened bookings for premium flats in its Basant Kunj housing project after closing earlier registrations.
• The scheme offers 3 BHK and 3 BHK with servant quarter units under a lottery-based allotment system.
• Around 364 flats are part of the Park View Apartments project, spread across four towers with up to 20 floors.
• Prices are fixed at about INR 74.59 lakh for 3 BHK and INR 94.92 lakh for larger units.
• Payments are structured with instalments and regulated under UP RERA guidelines.Read more

05 Jun 2026

A special committee of the Jharkhand Assembly has examined concerns related to mining activities and overburden dumping on private, government, and forest lands in Dhanbad district. The panel chairperson stated that Bharat Coking Coal Limited (BCCL) has paid INR 200 crore to the state for using government land for mining purposes. The committee also noted that Central Coalfields Limited and Eastern Coalfields Limited have acknowledged similar usage and are expected to contribute over INR 1,000 crore in revenue. The panel is also focused on ensuring fair compensation to landholders affected by mining operations.Read more

05 Jun 2026

The Chandigarh Municipal Corporation has collected a record INR 61 crore in property tax during its annual rebate window, marking the highest-ever revenue generated in this period. The strong collection was driven by timely payments from residential and commercial property owners who availed rebate benefits offered under the city’s tax scheme. The surge reflects improved compliance and efficient tax recovery during the April–May rebate cycle, which is a key revenue mobilisation period for the civic body ahead of penalties coming into effect after the deadline.Read more

05 Jun 2026

DTDC Express has introduced a self-onboarding digital platform designed to simplify and speed up logistics registration for businesses. The system allows companies to complete KYC, register, and start shipping within 10 minutes without manual intervention. Launched earlier this week, the platform targets the growing MSME and D2C segments, which require faster and more efficient logistics solutions. The initiative aims to reduce traditional onboarding delays caused by documentation and operational dependencies. With strong early adoption, the platform has already attracted over 22,000 registrations and onboarded more than 5,000 businesses across multiple regions in India.Read more

05 Jun 2026

• The Mumbai–Ahmedabad Bullet Train Project has achieved a breakthrough in its third mountain tunnel, a 417-metre-long structure located in Palghar district, Maharashtra.
• The milestone marks the completion of all three mountain tunnels between the upcoming Vapi and Boisar Bullet Train stations, a key section of the high-speed rail corridor.
• With three mountain tunnels excavated within the last five months, construction activity is accelerating across one of the project’s most technically challenging stretches.Read more

05 Jun 2026

Residents’ welfare associations (RWAs) across Delhi have called for comprehensive fire safety standard operating procedures (SOPs) for residential buildings following a series of fatal fire incidents in the capital. The demand comes after recent tragedies in Vivek Vihar, Palam and Hauz Khas highlighted concerns over inadequate fire preparedness, obstructed escape routes, electrical safety lapses and the absence of uniform guidelines for residential properties. Resident groups have urged authorities to introduce clear protocols covering emergency evacuation, building maintenance, fire audits and compliance monitoring. The issue has gained prominence as rising temperatures and increased use of electrical appliances have heightened concerns about fire risks in homes and apartment complexes across the city.Read more

05 Jun 2026

China’s prolonged housing market downturn is now affecting property management companies, with falling fee collections putting pressure on revenues and operations. Many homeowners are delaying or refusing payments due to weak economic conditions, declining home values and dissatisfaction with service charges. At the same time, financially stressed developers are struggling to pay maintenance fees for unsold housing inventory. As collection rates fall, several management firms are exiting residential projects, creating concerns over deteriorating services, declining property values and growing pressure on local governments to step in and maintain basic community infrastructure.Read more

05 Jun 2026

Reliance Industries subsidiary Model Economic Township Ltd (METL) has entered into two memorandums of understanding with the Government of Haryana, committing a combined investment of INR 8,646 crore for its integrated township project in Jhajjar. The agreements, announced during the launch of Haryana’s Make in Haryana Industrial Policy 2026, include investments from companies operating within the 8,250-acre Reliance MET City. The initiative is expected to generate over 33,000 jobs and spans multiple manufacturing sectors including automotive, electronics and medical devicesRead more

05 Jun 2026

• Sebi has proposed amendments to the net distributable cash flow (NDCF) framework applicable to Infrastructure Investment Trusts (InvITs) operating road assets.
• The proposal seeks to address the treatment of large maintenance expenditures that are periodically incurred during the lifecycle of highway projects.
• Road-sector InvITs may be allowed to adjust certain debt-funded maintenance costs while calculating distributable cash flows, subject to investor approval and disclosure requirements.
• The market regulator has invited stakeholder feedback before finalising the proposed changes.Read more

05 Jun 2026

• The Securities and Exchange Board of India (Sebi) has cancelled the registrations of five Alternative Investment Funds (AIFs) for failing to comply with mandatory reporting requirements.
• The affected entities are Exponential Innovation Fund, Florintree India Flexi Advantage Trust, Prime Realty Capital, Rudrabhishek Infrastructure Trust and Victory Investment Fund.
• The funds did not submit Quarterly Activity Reports (QARs) for all four quarters of 2025 despite regulatory obligations.
• Sebi initiated summary proceedings and issued show-cause notices in April 2026 after identifying repeated non-compliance.
• The regulator concluded that the violations were established and ordered immediate cancellation of registrations under applicable regulations.Read more

05 Jun 2026

Northern Railway’s Jammu Division reported earnings of INR 66.50 lakh through a special ticket-checking drive carried out in May 2026. The drive focused on identifying ticketless and irregular travel across stations, trains, and platforms within the division’s jurisdiction. A total of 12,693 cases were registered during the period, reflecting strict enforcement against violations. Officials stated that the initiative was aimed not only at revenue protection but also at discouraging unauthorised travel and improving discipline among passengers. Similar enforcement drives are expected to continue in the coming period to maintain compliance.Read more