26 minutes ago

The Maharashtra State Road Development Corporation (MSRDC) has completed the bulk of the eight-laning work on the 23.8-kilometre Thane-Vadape stretch of the Mumbai-Nashik Highway, with major civil works targeted for completion by August 2026. Once fully operational, the upgraded corridor is expected to cut travel time on the stretch from the current 90 to 120 minutes down to around 30 to 40 minutes. The INR 1,182 crore project, being executed under the Hybrid Annuity Model, includes the construction of three major bridges and ten vehicular underpasses, with the railway overbridge, the sole remaining major structure, targeted for completion by September 2026.Read more

56 minutes ago

Indian Hotels Company Ltd (IHCL), part of the Tata Group, has approved the merger of Oriental Hotels Ltd (OHL) through an all-stock transaction aimed at consolidating its hospitality business. The boards of both companies have cleared the Scheme of Arrangement, under which OHL shareholders will receive 25 IHCL shares for every 117 OHL shares. The merger is expected to be completed in the second half of FY2028, subject to regulatory and shareholder approvals, and is intended to simplify the group's ownership structure and strengthen operational integration.Read more

1 hour ago

India’s All India House Price Index (HPI) rose 1.1% quarter-on-quarter during the April-June quarter of FY27, supported mainly by higher house prices in Chandigarh, Lucknow and Thiruvananthapuram, according to Reserve Bank of India (RBI) data. On a year-on-year basis, the index increased 3.6% in the first quarter of FY27, matching the growth recorded in the same quarter a year earlier. Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram were among the cities that contributed most to the annual increase. The RBI compiles the index every quarter using transaction-level data from registration authorities.Read more

1 hour ago

The Brihanmumbai Municipal Corporation (BMC) has started demolition of alleged unauthorised alterations and encroachments in flats at Rustomjee Crown, a luxury residential project in Prabhadevi. The action follows complaints alleging that residents had enclosed common areas around lifts and incorporated them into their apartments, along with other changes that were not part of the sanctioned building plan. The civic body had issued notices to more than 100 flats and has now begun enforcement action after following the required legal process. The demolition drive is expected to continue over the coming days.Read more

Bangalore News Desk

1 hour ago

Puravankara Limited has entered into a joint development agreement for a 7.83-acre land parcel in South-East Bengaluru, carrying an estimated Gross Development Value of INR 1,100 crore. The project will have a saleable area of approximately 0.89 million square feet and will be developed as a residential community. This marks the company's fifth land transaction in Bengaluru for FY27. Managing Director Ashish Puravankara said the deal reflects the company's disciplined, capital-light approach to expanding its development pipeline in markets with consistent end-user demand.Read more

2 hours ago

Homebuyers of OSB Golf Heights in Gurugram's Sector 69 have protested over prolonged construction delays, alleging that only around 10% of the project has been completed even after eight years. Buyers have sought intervention from authorities, citing continued uncertainty over possession and the status of their investments. The project is an affordable housing development registered with Haryana RERA, where regulatory proceedings have also been recorded. The dispute highlights continuing concerns over stalled housing projects in Gurugram and the difficulties faced by buyers awaiting completion despite years of financial commitments.Read more

2 hours ago

Sebi has decided to introduce an IT Resilience Index (ITRI) to assess the performance and resilience of information technology systems used by market infrastructure institutions (MIIs), including stock exchanges, depositories and clearing corporations. The framework will use nine parameters with defined weightages to enable consistent assessment across MIIs. It will also include an Early Warning System to identify emerging weaknesses that could result in system performance issues or disruptions. MIIs will operationalise the framework, including real-time service monitoring, by February 2027, with the first index calculation covering the half-year ended March 2027.Read more

2 hours ago

Renewable energy developers may exercise penalty-free exit options from several plain solar and high-tariff hybrid projects that are struggling to secure power purchase agreements (PPAs), Ministry of New and Renewable Energy (MNRE) Secretary Santosh Kumar Sarangi said at the BloombergNEF Summit in New Delhi. Renewable Energy Implementing Agencies (REIAs) have been asked to explore ways of getting distribution companies (DISCOMs) to procure power from stalled projects, including by modifying their project profiles within discovered tariffs. Around 42 GW of renewable energy capacity is currently without PPAs, according to Sarangi.Read more

3 hours ago

The Belagavi chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI) has urged the Belagavi City Corporation (BCC) to expedite the renewal and activation of registered engineers’ licences on Karnataka’s Nirman-2 portal. Several licensed engineers are currently unable to submit or process building permission applications because their licences have not been renewed or activated on the digital platform. CREDAI said the issue is affecting builders, engineers and citizens awaiting approvals. The association has specifically sought faster action for applications involving alterations and additions, as well as Ground Plus Four (G+4) building permissions. The issue has raised concerns over delays in the construction approval process and the delivery of related civic services in Belagavi.Read more

3 hours ago

India’s production of critical structures for the C-130J Super Hercules is strengthening the country’s defence manufacturing partnership with the US, according to US Ambassador Sergio Gor. During a visit to the Tata-Lockheed Martin Aerostructures facility in Hyderabad, Gor highlighted the joint venture’s role in supporting aerospace manufacturing and supply chains. Established in 2010, the facility is the global source of C-130J empennage assemblies for new aircraft produced in the US. The joint venture is now looking to participate in India’s requirement for around 80 Medium Transport Aircraft under a multi-billion-dollar procurement programme.Read more

3 hours ago

Haryana Real Estate Regulatory Authority (HRERA) has directed Pyramid Infratech to pay annual interest of 10.8% to four homebuyers over delayed possession of flats in its Pyramid Fusion Homes project in Gurugram's Sector 70A. The authority determined that possession was due in August 2023 and rejected the developer's reliance on Covid-related restrictions, pollution-control measures and labour shortages as grounds for further delay. The project received its occupation certificate in August 2024, with possession subsequently offered and handed over. HRERA has given the developer 90 days to pay the accrued interest.Read more

4 hours ago

Tamil Nadu has dropped plans to build a second airport for Chennai at Parandur, a project estimated to cost INR 274 billion (USD 2.86 billion), and is now looking at alternative locations with less impact on agricultural land. The proposed airport had received civil aviation clearance under the previous government but faced opposition from farmers. Chennai is a major manufacturing and industrial centre, with factories and suppliers linked to Hyundai, Renault, Apple, Foxconn and Tata Electronics. The state also plans to expand the existing airport’s capacity from 30 million to 55 million passengers annually.Read more

4 hours ago

Commerce and Industry Minister Piyush Goyal has invited Japanese companies to increase investments in India, expand localisation and establish research, innovation and global capability centres. Speaking to Japanese businesses in Tokyo, Goyal highlighted India’s economic growth, large domestic market and expanding international trade ties through free trade agreements. He also said the government was willing to support innovation funding and encouraged companies to build engineering partnerships with Indian academic institutions. Japan is already India’s fifth-largest investor, with USD 48.14 billion in FDI received between April 2000 and March 2026, accounting for 6% of total FDI during the period.Read more

4 hours ago

The Goa government has approved an extension of the deadline for applications to regularise eligible homes built on comunidade land, increasing the application window from six months to 18 months. The move is intended to help eligible landless occupants who could not complete the process within the original period because of documentation and administrative constraints. The one-time framework covers dwelling houses constructed before February 28, 2014. It also provides for compensation to comunidades and the return of excess encroached land, balancing residents' housing needs with comunidade land rights.Read more

Hyderabad News Desk

5 hours ago

Hyderabad’s Raidurg Panmaktha, now part of the Knowledge City corridor, has emerged as a major revenue generator for Telangana, with government land auctions bringing more than INR 10,000 crore into the state exchequer over the past two decades. Nearly INR 8,000 crore has been realised in the last two-and-a-half years as demand for premium land accelerated. The latest auction of a 5.25-acre plot fetched INR 1,386 crore, or INR 264 crore per acre, setting a new benchmark. The surge reflects strong investor demand for strategically located land along Hyderabad’s western IT corridor.Read more

Noida News Desk

5 hours ago

beYon, the laboratory-grown diamond jewellery brand from the House of Titan, has opened its second exclusive store and its first in North India at Central 50, Sector 50, Noida. The launch expands the brand’s retail presence beyond Mumbai as demand for laboratory-grown diamond jewellery grows among consumers. The store offers more than 1,200 designs in BIS Hallmarked gold across earrings, rings, pendants, necklaces, bracelets, bangles and nosepins. With prices starting at INR 20,000 and most products priced below INR 1 lakh, the brand is targeting everyday jewellery purchases as well as gifting occasions.Read more

5 hours ago

Rustomjee has launched Ozone Skye, a 50-storey premium residential project on S.V. Road in Goregaon West, with a gross development value of around INR 400 crore. The project comprises 158 residences in 1, 2 and 3 BHK configurations and includes sky-level amenities across the 49th and 50th floors. The development is located close to Lower Malad Metro Station and Goregaon Railway Station and has access to major roads, business districts, retail destinations and social infrastructure. Its location is also expected to benefit from upcoming infrastructure projects, including Metro Line 6 and the Goregaon-Mulund Link Road.Read more

6 hours ago

Odisha’s Housing and Urban Development Department has intensified hearings on appeals concerning building plan violations, demolition proceedings and other planning disputes under the Odisha Development Authorities (ODA) Act, 1982. The move follows increased enforcement against unauthorised structures after the Supreme Court’s intervention on illegal construction. Records of the appellate authority show that 387 appeals were listed for hearing over the past 18 months, of which 100 have been disposed of, leaving 287 pending. Some cases date back to 2002 and 2004. Appeals involving the Bhubaneswar Development Authority, Bhubaneswar Municipal Corporation, Cuttack Municipal Corporation and Cuttack Development Authority are among those under consideration. The department has increased the frequency of hearings to address the backlog while maintaining the requirement for case-by-case examination of records, site reports and submissions.Read more

6 hours ago

Water has played a central role in Indian architecture for centuries, serving not only as a source of life but also as an element of religious symbolism, climate control, landscape design, acoustics and defence. Across different regions, architects and rulers developed structures that incorporated lakes, channels, tanks, streams and seas directly into their layouts. From sacred complexes surrounded by water to forts designed around freshwater reserves, these monuments demonstrate how traditional Indian architecture adapted to local geography and climate while giving water a strong functional and visual role.Read more

6 hours ago

The Vatican is planning a renewable energy plant costing around EUR 100 million that could make Vatican City fully energy self-sufficient within about two years, according to sources involved in discussions on the project. The agrivoltaic facility is expected to have a capacity of 80 to 90 megawatts and will combine solar power generation with agriculture at the Vatican-owned Santa Maria di Galeria estate near Rome. The project could take 18 to 24 months, including approvals and administrative procedures. Contracts are expected to be put out to tender in the coming weeks, with surplus electricity supplied to Italy.Read more

7 hours ago

The Enforcement Directorate conducted searches at multiple locations in Uttar Pradesh and Haryana as part of a money laundering investigation linked to an alleged GST fraud involving bogus Input Tax Credit (ITC). Nine premises in Muzaffarnagar and Ghaziabad, along with locations in Faridabad, were searched under the Prevention of Money Laundering Act. Officials said INR 1.1 crore in cash was seized from two locations in the two Uttar Pradesh cities. The investigation centres on Jambudwip Exports and Imports, which is accused of generating and passing fraudulent ITC through fabricated invoices and e-way bills without any actual movement of goods.Read more

7 hours ago

DP World is seeking an extension of the concession period for its Nhava Sheva International Container Terminal at Jawaharlal Nehru Port near Mumbai beyond its 30-year tenure, which ends in 2027. The company also operates the adjacent Nhava Sheva (India) Gateway Terminal, whose concession runs until 2031. DP World said it plans to operationalise its new mega-container terminal at Tuna-Tekra by the end of next year and has committed an additional USD 5 billion investment in India. The company has already invested USD 3 billion in the country over the past three decades.Read more

7 hours ago

The Goa government is preparing to launch a major housing scheme for citizens without homes of their own, under the Chief Minister Housing Scheme, with the launch likely to take place around Diwali. Goa Housing Board Chairman Jit Arolkar said eligibility criteria are being finalised, with applicants likely required to furnish proof of at least 30 years' residence in the state. Rather than outright ownership, homes will be allotted on lease, with beneficiaries required to vacate if they later become financially capable of buying their own house. The scheme will be rolled out across all talukas, beginning with Pernem.Read more

8 hours ago

Realty firm Elan Group has partnered with Marriott International to manage an upcoming JW Marriott Hotel Gurugram and JW Marriott Residences at its 50-acre township in Sector 106, Dwarka Expressway, Gurugram. Elan will handle construction and development, while Marriott Hotels India will manage both the hotel and residences upon completion. Sales for the branded residences will begin after RERA registration is secured. The tie-up adds to a growing list of Delhi-NCR developers entering the branded homes segment.Read more

8 hours ago

The Varanasi Municipal Corporation has collected INR 39.36 lakh in property tax from 276 property owners within the first three days of its One-Time Settlement (OTS) scheme for tax defaulters. Launched on August 15, the initiative offers a full waiver of interest and surcharge when eligible taxpayers clear their principal dues in a single payment. The civic body has also introduced an instalment facility for taxpayers with dues of up to INR 1 lakh. The scheme will remain open until December 15, giving defaulters a wider window to settle pending municipal taxes.Read more

Delhi News Desk

9 hours ago

The Enforcement Directorate (ED) has submitted a status report in a sealed cover before the Rouse Avenue court in New Delhi as it continues investigating the role of real estate company DLF in the Shikohpur land deal. The agency has sought additional time to complete the investigation and has supplied documents to the accused, while seeking three weeks to provide a list of unrelied documents. The court also received a translation certificate for a Gujarati-language land deed. The matter has been listed for September 23, with the court directing the ED to address an unanswered query in its next report.Read more

9 hours ago

A three-day global energy event in New Delhi is expected to help advance an investment and partnership pipeline worth INR 45,000 crore in India’s power sector through 2032. Bharat Electricity, POWERGEN India & Indian Utility Week 2026 will bring together more than 15,000 professionals, over 250 exhibitors and more than 150 industry leaders to discuss smart grids, renewable energy, low-carbon solutions and digital utilities. The event will also provide a platform for project development, technology procurement, joint ventures, manufacturing proposals and strategic partnerships across the electricity value chain.Read more

10 hours ago

Smartworks Coworking Spaces Ltd has announced approximately INR 2.35 billion in incremental contracted rental revenue, adding to its contracted income from its managed workspace business. The company operates flexible office spaces for businesses across major Indian commercial markets. The latest revenue addition reflects new rental contracts secured by the company and provides visibility into future income from its workspace portfolio. Smartworks has been expanding its managed office presence as demand for flexible and managed workspaces continues to grow among companies seeking office space without taking on the full operational responsibilities of conventional commercial leases.Read more

Mumbai News Desk

10 hours ago

The Brihanmumbai Municipal Corporation (BMC) is considering a regulatory framework for more than 1,500 privately operated sports turfs across Mumbai following approval of a resolution on an Advanced Smart Turf Policy. The proposed system is intended to standardise registration, operating conditions, safety measures and digital transactions for artificial sports facilities. It also addresses concerns involving late-night activity, noise, floodlighting and fire safety, particularly where turfs operate close to residential buildings. The framework could differentiate operating hours according to the surrounding land use, with tighter restrictions proposed for residential areas. The move comes as privately run football, cricket and other sports facilities have expanded across the city.Read more

11 hours ago

The plan to monetise 271 hectares of land around Dr Babasaheb Ambedkar International Airport in Nagpur has moved forward, with Mihan India Ltd initiating the process to appoint a consultant for preparing a development roadmap. The identified land comprises 122 hectares belonging to the Airports Authority of India and 149 hectares held by Maharashtra Airport Development Company. The proposed plan will assess opportunities for commercial, industrial, residential and aviation-linked development. The exercise comes alongside the airport's planned modernisation and could support new investment and infrastructure growth around the airport corridor.Read more

11 hours ago

Odisha is planning to develop around 30,000 affordable housing units under Pradhan Mantri Awas Yojana-Urban 2.0, as the state expands its focus on housing for economically weaker sections. The initiative will cover projects across multiple urban local bodies, with land being identified for affordable housing developments. The state is also working on rental and transit housing alongside ownership-led projects. The Centre has sanctioned more than 2.09 lakh PMAY-U 2.0 houses nationally in its latest approval round, including proposals from Odisha, supporting the state's wider affordable housing programme.Read more

Patna News Desk

12 hours ago

The Patna Municipal Corporation (PMC) has taken action on 26,746 cases of unauthorised non-residential use of residential properties, as part of a citywide ward-by-ward survey being conducted in compliance with Supreme Court directives. The exercise follows an order dated 18 February 2026 passed in SLP (Civil) No. 8044/2025, which required urban local bodies across the country to identify and act against residential premises being illegally used for commercial or other non-residential purposes. The survey, under way across all of PMC's zones, forms part of a broader national enforcement drive targeting unauthorised land-use violations in cities.Read more

12 hours ago

Andhra Pradesh Chief Minister Shri N Chandrababu Naidu has thanked Prime Minister Shri Narendra Modi and Union Road Transport Minister Shri Nitin Gadkari following the approval of the 1,107-km Kharagpur-Amaravati greenfield highway. The corridor includes a 457-km four-lane stretch through Andhra Pradesh, to be built at an estimated cost of INR 32,000 crore. Shri Naidu said the project will link Andhra Pradesh with Eastern India, lower logistics costs for farmers and industry, and support the growth of Amaravati as an economic hub.Read more

13 hours ago

The Reconciliator under Goa's Department of Cooperation has directed builder M/s Kurtarkar Real Estates to pay INR 19,74,716 in outstanding maintenance dues for 39 unsold units at the Kurtarkar Landmark complex in Gogol, Margao. The order, passed in favour of the Kurtarkar Landmark Cooperative Housing Maintenance Society, rejected the developer's contention that maintenance liability applies only to sold and occupied units, citing Rule 135(5) of the Goa Cooperative Societies Rules, 2003.Read more

13 hours ago

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

14 hours ago

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

14 hours ago

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

15 hours ago

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

15 hours ago

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

16 hours ago

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

16 hours ago

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

Gurugram News Desk

17 hours ago

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

17 hours ago

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

Pune News Desk

18 hours ago

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

25 Aug 2026

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

25 Aug 2026

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

25 Aug 2026

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

25 Aug 2026

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

25 Aug 2026

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

25 Aug 2026

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