11 minutes ago

A consortium led by Swiss-Japanese waste management company Kanadevia Inova plans to begin construction of a USD 1.5 billion waste-to-energy plant in Casablanca later this year, with full operations expected by mid-2030. The project, developed in partnership with Morocco's Nareva and Japan's Itochu, aims to process around 1.5 million metric tons of waste annually while generating 115 megawatts of electricity. The facility is expected to reduce methane emissions from the Mediouna landfill, improve waste management in Morocco's largest city, and supply electricity to nearly one million people.Read more

41 minutes ago

Tamil Nadu Chief Minister C. Joseph Vijay has virtually inaugurated infrastructure projects worth INR 112.85 crore, covering multiple sectors aimed at strengthening public amenities and civic infrastructure. The projects include improvements to roads, public buildings, water supply and other essential facilities across different parts of the state. The government said the initiatives are intended to enhance service delivery, improve urban and rural infrastructure, and support balanced regional development through continued investment in public assets.Read more

1 hour ago

The Maharashtra government has asked officials to speed up the second phase of the Karanja Fishing Harbour project in Raigad by deploying experienced technical staff and modern equipment. The project aims to strengthen fishing infrastructure, improve operational facilities and benefit around 6,600 fishermen. While the first phase has largely been completed by the Maharashtra Maritime Board, the proposal for the second phase is under review after the government sought revisions. Once completed, the expanded harbour will increase operational capacity and provide several new facilities for the fishing community.Read more

1 hour ago

Completion of the Chennai-Bengaluru Expressway has been delayed due to pending land acquisition on a 25.5-km stretch in Tamil Nadu, despite most sections of the corridor being ready. Ongoing legal proceedings in the Madras High Court have slowed acquisition of the remaining land, preventing the National Highways Authority of India (NHAI) from completing the final link. Once operational, the access-controlled expressway is expected to significantly reduce travel time between Chennai and Bengaluru while improving freight movement and regional connectivity.Read more

2 hours ago

Smartworks Coworking Spaces Ltd has leased 1.41 lakh sq ft of office space at Bharti Real Estate's Worldmark commercial development in Aerocity, Delhi, as part of its ongoing expansion in the Delhi-NCR office market. The Gurugram-based flexible workspace operator will invest INR 25 crore to establish a new centre, which is expected to become operational by September. The expansion comes amid sustained demand for premium office space, particularly from Global Capability Centres (GCCs), and further strengthens the company's presence in one of India's largest enterprise office markets. As of the end of June, Smartworks operated 70 centres spanning 16.9 million sq ft across 15 cities in India and Singapore.Read more

2 hours ago

Three employees sustained injuries after a section of ceiling plaster collapsed inside the Brihanmumbai Electric Supply and Transport (BEST) undertaking's Majas bus depot in Mumbai. The incident occurred while maintenance work was underway at the facility, prompting authorities to rush the injured workers to hospital for treatment. Following the accident, BEST officials initiated an inspection of the affected structure and began assessing the condition of the depot. The incident has renewed concerns over the maintenance and structural safety of ageing public infrastructure across Mumbai.Read more

3 hours ago

Police in Maharashtra have arrested three individuals for allegedly attempting to extort INR 8.5 crore from a real estate developer in Thane district. According to investigators, the accused repeatedly threatened the builder and demanded money over multiple attempts before law enforcement intervened. Acting on the developer's complaint, police launched an investigation, gathered evidence and apprehended the suspects. The case is being investigated under provisions related to extortion, criminal intimidation and other relevant offences, with authorities probing whether additional individuals were involved.Read more

3 hours ago

A wholly owned subsidiary of Shalimar Paints Ltd. has signed an agreement to sell its commercial property in Gurugram for INR 50 crore as part of the company's strategy to monetise non-core assets and strengthen its balance sheet. In a separate institutional real estate transaction, Edelweiss Emerging Asset Allocation AIF (EAAA) has acquired a Grade A office park in Pune, reinforcing investor interest in income-generating commercial assets despite evolving market conditions. The Gurugram property divestment is expected to unlock value for Shalimar Paints and improve liquidity, while the Pune acquisition reflects continued confidence in India's office real estate market. Both transactions highlight the sustained momentum in commercial real estate, with corporates monetising assets and institutional investors expanding their portfolios through strategic acquisitionsRead more

4 hours ago

India needs to simplify land acquisition and address structural issues in land and capital markets to attract higher investments, according to NITI Aayog Vice Chairman Ashok Kumar Lahiri. Speaking at the NCAER India Policy Forum 2026, he said ease of doing business reforms have progressed but more work is needed at the grassroots level. He also highlighted the importance of domestic savings, public infrastructure spending and policy support in driving investment. Lahiri said India has the potential to achieve its Viksit Bharat 2047 goal if structural bottlenecks are removed and the country continues improving its investment environment.Read more

4 hours ago

The Dharavi Redevelopment Project (DRP) has secured the clearance of more than 2,200 residential units in Sector 6, paving the way for demolition activities in Meghwadi, one of the first clusters to undergo redevelopment. Demolition is part of the redevelopment of the 35-acre railway land parcel in Matunga, where rehabilitation buildings are planned for eligible residents under the project. Residents who have vacated have either shifted to transit accommodation or opted for monthly rental assistance, while discussions continue with those yet to relocate. Authorities said the clearance marks a significant milestone in the implementation of the Adani-led Dharavi redevelopment, although relocation efforts continue in other parts of Sector 6.Read more

5 hours ago

India's leading listed real estate developers are preparing an aggressive pipeline of residential launches in FY27, with companies including DLF, Godrej Properties, Prestige Estates and Lodha Developers focusing on premium and luxury housing across major cities. Despite expectations of a more measured pace of residential sales growth compared with the previous fiscal, developers are relying on new launches, stronger execution and sustained demand for branded housing to achieve ambitious sales targets. The strategy reflects continued confidence in the premium residential segment even as the broader market enters a more balanced growth phase.Read more

5 hours ago

Host Hotels & Resorts has raised its full-year 2026 adjusted funds from operations (FFO) forecast following better-than-expected demand across its luxury and upscale hotel portfolio. Strong group travel, continued spending by affluent travellers and higher domestic and international visitor numbers during the recently concluded FIFA World Cup supported the company's performance. The real estate investment trust also increased its room revenue growth guidance for the year after reporting second-quarter results that exceeded analysts' expectations for both adjusted FFO and total revenue.Read more

6 hours ago

Construction of the Vadodara station for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) corridor has reached a significant milestone, with major structural work completed at the concourse, platform and track levels. Steel fabrication for the station building is now progressing, marking another step in the development of India's first bullet train project. The elevated station, being built above the existing railway infrastructure, is designed to integrate seamlessly with Vadodara Junction while enhancing passenger connectivity and supporting future high-speed rail operations.Read more

6 hours ago

Property Share Investment Trust has filed draft IPO papers for its fourth Small and Medium Real Estate Investment Trust (SM REIT) scheme, PropShare Lumina, with an issue size of up to INR 485 crore. The scheme offers investors an opportunity to invest in two fully leased Grade A+ commercial office towers in Noida's OESPL Business Centre. The asset is leased to 19 tenants and spans over 437,025 square feet of super built-up area. The proposed issue reflects the growing adoption of SM REITs, a SEBI-regulated investment vehicle designed to widen retail participation in income-generating commercial real estate.Read more

7 hours ago

The Delhi Development Authority (DDA) has extended the last date for submitting applications under its Narela housing scheme to August 31, 2026. The extension applies to the current allotment of residential flats in Narela and is intended to provide prospective homebuyers with additional time to complete the application process. The revised schedule has been notified through an official order issued by the authority, while all other terms and conditions of the scheme remain unchanged.Read more

7 hours ago

China is strengthening its efforts to prevent and reduce the impact of landslides and floods as extreme weather events become more frequent. The government plans to improve monitoring of geological hazards, particularly shallow landslides and debris flows caused by heavy rainfall, while enhancing flood management infrastructure. Authorities have identified key high-risk regions for focused intervention and are also using aerospace remote sensing to improve risk detection. The move follows a series of deadly landslides and ongoing heavy rainfall that has raised concerns over public safety and infrastructure resilience.Read more

8 hours ago

Actor Madhuri Dixit and her husband, Dr Shriram Nene, have sold two properties in Mumbai's western suburbs for a combined value of INR 9.25 crore. The transactions include a commercial office in Andheri West and a residential apartment in Juhu, according to property registration documents reviewed by CRE Matrix. Both properties recorded substantial appreciation over their purchase prices, reflecting the sustained demand for residential and commercial real estate in established micro-markets such as Andheri and Juhu. The deals also highlight continued activity in Mumbai's premium property market.Read more

8 hours ago

Delhi's Indira Gandhi International Airport has expanded its domestic network to 90 destinations following the launch of direct flight services to Daman. Operated by Alliance Air, the new route further strengthens the airport's domestic connectivity, which now includes direct access to 32 of India's 36 states and Union Territories. The airport currently handles more than 1,050 domestic flight movements every day and serves over 5 million domestic passengers each month. The expanded network also includes seasonal winter destinations such as Khajuraho and Jaisalmer, reinforcing Delhi's position as India's largest domestic aviation hub.Read more

9 hours ago

State-owned NBCC Ltd has secured a project management consultancy (PMC) contract worth INR 780.38 crore from the Reserve Bank of India (RBI) for the development of an office complex and residential quarters in Amaravati, Andhra Pradesh. Under the project, NBCC will oversee the construction of the RBI's new office at Nelapadu and residential accommodation for its officers and staff at Inavolu. The order further strengthens NBCC's government project portfolio, where the company continues to execute large-scale institutional, infrastructure and redevelopment assignments across the country.Read more

9 hours ago

The Odisha government has approved the proposal for the Bhubaneswar–Cuttack–Puri–Paradip City Economic Region (BKPBER) project, an integrated urban development initiative aimed at accelerating investment, industrial growth, tourism, logistics and employment generation. The project, estimated to cost INR 55,000 crore, will be implemented under the City Economic Region (CER) scheme with financial support from the Asian Development Bank and the Centre. Covering the urban local bodies of Bhubaneswar, Cuttack, Puri and Jagatsinghpur districts, the initiative seeks to strengthen regional connectivity, develop modern infrastructure and position the corridor as a major economic hub in line with Odisha Vision 2036.Read more

9 hours ago

Indian homes have transformed dramatically over the past few decades. As cities expanded, land became costlier and apartments replaced sprawling ancestral homes, many traditional spaces quietly disappeared from everyday life. Courtyards, verandahs, terraces and grain stores once played an important role in family routines, climate-responsive design and cultural traditions. Today, compact layouts, changing lifestyles and modern construction practices have made these spaces increasingly rare. Here's a look at ten features that were once integral to Indian homes and the reasons they have gradually faded from contemporary residential architecture.Read more

10 hours ago

UK-based building materials manufacturer Ibstock has lowered its outlook for full-year earnings, saying its annual profit is likely to be at the lower end of market expectations as the country's construction sector continues to face weak demand. The company reported lower revenue and a pre-tax loss for the first half of the year, affected by subdued private housebuilding activity, higher energy costs and a non-cash impairment charge. Despite expecting improved earnings in the second half, Ibstock said market conditions remain challenging due to economic and political uncertainties.Read more

10 hours ago

Dilip Buildcon Limited has secured a road project worth approximately INR 160 crore in Odisha under the Engineering, Procurement and Construction (EPC) mode. The contract strengthens the company's infrastructure portfolio and supports the state's ongoing efforts to improve road connectivity. The project is expected to enhance transport efficiency, facilitate smoother movement of goods and passengers, and contribute to regional economic development. The award comes amid continued government focus on expanding and upgrading road infrastructure to improve connectivity and support industrial and commercial growth across the country.Read more

10 hours ago

The Reserve Bank of India (RBI) has kept the policy repo rate unchanged at 5.25%, in line with market expectations, as it continues to assess the impact of rising global crude oil prices and domestic inflation trends. The Monetary Policy Committee (MPC) retained its policy stance while making marginal revisions to its growth and inflation forecasts. Economists said the central bank has adopted a balanced and data-driven approach, while real estate consultants believe stable interest rates will support housing demand, particularly during the festive season, although the move alone may not revive the affordable housing segment.Read more

11 hours ago

The Enforcement Directorate (ED) carried out searches across Punjab and Chandigarh as part of its money laundering investigation into alleged irregularities in the Punjab Small Industries and Export Corporation (PSIEC). The probe is linked to accusations that industrial plots were fraudulently allotted to private individuals through fake firms and alleged collusion with PSIEC officials. Investigators are also examining the alleged diversion of industrial land for residential use, which reportedly caused losses to the state exchequer. A company linked to jailed Punjab minister Sanjeev Arora has also come under the agency's scrutiny.Read more

11 hours ago

Kimco Realty has raised its full-year net income forecast after reporting second-quarter revenue and funds from operations (FFO) that exceeded market expectations. The real estate investment trust benefited from steady leasing demand across its grocery-anchored shopping centres, supported by limited retail space supply and consistent consumer demand for essential goods. The company also increased the lower end of its annual FFO guidance while maintaining the upper end. The results reflect continued strength in the open-air retail segment, where leasing activity and shopper footfall have remained stable despite broader market challenges.Read more

12 hours ago

The Reserve Bank of India (RBI) has said the country's rural economy and agriculture sector have become more resilient due to better irrigation, higher farm mechanisation, improved crop varieties and the growth of allied activities. RBI Governor Sanjay Malhotra noted that these developments have reduced the impact of rainfall deficiencies on agricultural output and rural incomes. Deputy Governor Poonam Gupta also highlighted that increased irrigation coverage, easier access to farm credit and technological improvements have strengthened the sector over the past 15 years. The central bank also reiterated that its monetary policy remains driven by inflation and growth data.Read more

12 hours ago

Anubhav Sharma, Director of real estate company 32nd Milestone, and his wife Mamata Sharma have been arrested in connection with a cheating case and remanded to six days' police custody, officials said on Monday. The couple's son, Dhruv Dutt Sharma, and Shireen Sharma had earlier been arrested in the same case. The accused are alleged to have cheated several investors by selling properties that had already been mortgaged to banks. The case originated from a complaint filed on 20 December last year, alleging that a shop at 32nd Milestone, Sector 15, Gurugram, was sold to the complainant's son for approximately INR 28 lakh by misrepresenting its actual area.Read more

13 hours ago

Deshpande Landmark Private Limited Managing Director Yogesh Ambadas Deshpande has been honoured with the Landmark Award 2026 for his contribution to Pune's premium residential and redevelopment sector. The recognition acknowledges the company's work in luxury housing, transparent business practices, quality construction and timely project delivery. Presented at an event organised by the Lokmat Group in association with Bank of Maharashtra, the award also reflects the company's focus on customer trust, redevelopment, modern housing and long-term community development. Established in 2005, Deshpande Landmark has built a presence in Pune's premium housing market.Read more

13 hours ago

Karnataka has stepped up efforts to attract fresh industrial investments through an investment roadshow in Mumbai, with the JSW Group committing to invest INR 1.20 lakh crore in the state over the next five years. The discussions also covered expansion plans by several major companies across manufacturing, semiconductors, aerospace, packaging and consumer goods. The proposed investments are expected to strengthen Karnataka's industrial ecosystem, generate employment, boost research and development, and reinforce the state's position as a preferred destination for large-scale manufacturing and technology-led industries.Read more

14 hours ago

A Delhi court has granted interim protection from arrest to the chairman and managing director of Raheja Developers Limited in connection with an Enforcement Directorate (ED) investigation linked to an alleged money laundering case. The court directed both executives to cooperate with the investigation while restraining the agency from taking coercive action until the next hearing. The ED case stems from a Central Bureau of Investigation (CBI) FIR concerning alleged diversion of homebuyers' funds and delayed housing projects. The court observed that the investigation had been ongoing for several years and sought the ED's response before deciding on the matter. The interim relief will remain in force until the next scheduled hearing.Read more

14 hours ago

The Taxation and Other Laws (Amendment) Bill, 2026 proposes to restore tax-free dividend income for investors in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), even as the underlying special purpose vehicles (SPVs) migrate to the newer corporate tax regime. According to Finance Ministry sources, the government intends to keep the measure revenue-neutral by levying an additional surcharge at the SPV level rather than taxing investors directly. The proposal forms part of a broader set of reforms in the Bill aimed at improving tax predictability for domestic and overseas investors across sectors.Read more

15 hours ago

The Delhi government has commenced construction of a new foot overbridge across the Najafgarh drain to improve pedestrian connectivity and safety in west Delhi. The project, inaugurated by Public Works Department (PWD) Minister Parvesh Sahib Singh Verma, is intended to address long-standing access issues faced by residents and daily commuters. The bridge will connect Mukherjee Nagar, Gauri Mandir, Rajapura, Roop Nagar and the Yamuna route, while providing a safer crossing for students, senior citizens and other pedestrians. The initiative follows a recent incident involving the collapse of an older bridge and forms part of the government's wider efforts to strengthen public infrastructure through improved safety standards and connectivity.Read more

Gurugram News Desk

15 hours ago

A ceiling section from a balcony at a residential society in Gurugram collapsed, prompting residents to raise concerns over construction quality and building safety. While no injuries were reported, homeowners have demanded an independent structural audit and intervention by regulatory authorities to assess the condition of the complex. The incident has renewed focus on maintenance standards in residential projects, with residents seeking accountability, timely repairs and a comprehensive investigation into the structural integrity of the development.Read more

16 hours ago

Road accident fatalities on India's national highways declined by 4% in 2025, marking the first such reduction since the COVID-19 pandemic, according to information shared by Union Road Transport and Highways Minister Nitin Gadkari in Parliament. However, the overall number of road accidents across the country increased by 5.3%, with more than 5.13 lakh crashes claiming 1.83 lakh lives. The government also shared updates on highway safety measures, black spot identification using AI, ongoing national highway projects, vehicle scrapping, bridge maintenance, and the expansion of Advanced Traffic Management Systems.Read more

16 hours ago

PNB Housing Finance reported a 4 per cent year-on-year increase in its net profit for the first quarter of FY27, supported by growth in interest income and overall business expansion. The company also recorded a rise in total income, net interest income and assets under management during the quarter. While its asset quality improved with a lower gross NPA ratio, the net interest margin and capital adequacy ratio witnessed a decline compared to the corresponding period last year. The lender continued to maintain healthy capital levels despite the moderation.Read more

17 hours ago

Germany-based real estate company Vonovia reported a rise in the value of its property portfolio during the first half of the year, indicating that the country's residential property market continues to recover. However, the company also faced higher financing costs, which affected its earnings during the period. While Vonovia maintained its long-term targets for 2028, it said investment activity remained cautious due to ongoing market uncertainty. The company also noted that slower sales reflected a more careful approach from investors despite improving property valuations.Read more

17 hours ago

The Ministry of Road Transport and Highways (MoRTH), through the National Highways Authority of India (NHAI), has revised its performance rating framework for Detailed Project Report (DPR) consultants by introducing a modified evaluation methodology. The updated system incorporates additional assessment parameters and assigns revised ratings to consultancy firms based on their overall performance. The revised ratings will be considered for future consultant selection and are intended to strengthen accountability, improve DPR quality and enhance project planning for national highway development.Read more

18 hours ago

A promoter group entity of Adani Power, Ardour Investment Holding Ltd, has sold a 0.65 per cent stake in the company to another promoter group firm, Adani Infra (India) Ltd, through an open market block deal valued at INR 2,627 crore. Following the transaction, Ardour Investment Holding's stake in Adani Power declined to 3.03 per cent from 3.68 per cent. The latest deal comes after Adani Infra recently increased its holdings in Adani Green Energy through similar promoter-level stake transfers, reflecting an ongoing restructuring of shareholding within the Adani Group.Read more

18 hours ago

Train services on the Mangaluru–Bengaluru route resumed in phases after remaining suspended for two days following landslides triggered by heavy rainfall in the Western Ghats. The disruption affected rail traffic between Shiribagilu and Yedakumari in the Subrahmanya Road–Sakleshpur section, one of the most challenging stretches on the route. Following track restoration and safety certification, South Western Railway restarted operations for several passenger and express services while continuing cancellation of one train due to precautionary measures. Railway officials also deployed engineers and technical personnel to inspect the affected corridor and reinforce vulnerable slopes before restoring normal movement, with some trains experiencing delays owing to the phased resumption.Read more

19 hours ago

The Reserve Bank of India (RBI) has indicated that it is too early to draw conclusions on whether merchant discount rate (MDR) charges will be introduced for digital payments following the government's proposed legal amendments. RBI Governor Sanjay Malhotra said the focus remains on strengthening the country's digital payments infrastructure while discussions continue on how its costs should be funded. The central bank also highlighted the growing adoption of the e-rupee and the expansion of the Unified Lending Interface (ULI), supported by the increasing digitisation of land records across states.Read more

19 hours ago

K2 Infragen Limited has secured an investment-grade credit rating of ACUITE BBB- with a stable outlook for its long-term bank facilities worth INR 200 crore. The rating covers both long-term borrowings and short-term working capital requirements, reflecting the company's operational stability, business strength and consistent cash flow generation. The development is expected to improve the company's financial flexibility as it continues expanding its infrastructure business across India. The rating also strengthens the company's standing with financial institutions and supports its plans for future growth and project execution.Read more

20 hours ago

India is stepping up efforts to strengthen its aviation ecosystem by promoting the domestic manufacturing of trainer aircraft and seaplanes while expanding pilot training capacity. The Civil Aviation Ministry is working with the Directorate General of Civil Aviation (DGCA) to improve infrastructure at Flying Training Organisations (FTOs) across the country. The government has also issued Letters of Intent to 11 FTOs for new training bases at Airports Authority of India (AAI) airports. These measures come as India prepares to meet the growing demand for commercial pilots driven by a large aircraft expansion planned by domestic airlines over the next decade.Read more

Nagpur News Desk

20 hours ago

The Nagpur Municipal Corporation (NMC) has constituted seven inspection teams to examine the alleged misuse of air-conditioning (AC) plant rooms in buildings across the city. The exercise will assess whether these designated utility spaces are being used in accordance with sanctioned building plans and applicable development regulations. Based on the inspection findings, the civic body will determine the need for enforcement action against violations. The initiative is part of NMC's broader efforts to strengthen regulatory compliance and ensure adherence to approved construction norms.Read more

Visakhapatnam News Desk

21 hours ago

The Greater Visakhapatnam Municipal Corporation (GVMC) has signed a cooperation agreement with the Government of Moscow to strengthen collaboration in smart mobility, digital governance and urban development. The partnership aims to facilitate the exchange of expertise and best practices in intelligent transport systems, public services, digital technologies and sustainable city planning. The agreement is expected to support Visakhapatnam's ongoing transformation into a technology-driven urban centre while fostering international cooperation in municipal governance and smart city initiatives.Read more

21 hours ago

Flipkart has announced expanded investments across Uttar Pradesh to strengthen logistics infrastructure, support micro, small and medium enterprises (MSMEs), promote agriculture-linked initiatives and improve market access for local businesses. Since entering the state in 2020, the e-commerce company has developed a network comprising fulfilment centres, grocery facilities and last-mile delivery hubs, creating direct and indirect employment opportunities. The company said more than 85,000 sellers from Uttar Pradesh are now active on its marketplace, while dedicated programmes for farmers, artisans, women entrepreneurs and small businesses continue to expand. The investments form part of Flipkart's broader strategy to enhance digital commerce, supply chain efficiency and inclusive economic growth across the state.Read more

Delhi News Desk

06 Aug 2026

The Delhi High Court has expressed concern over the deteriorating and uninhabitable condition of thousands of flats constructed under the Centre's Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme, intended for the rehabilitation of slum dwellers in the city. The court has been monitoring the matter for several years after taking cognisance of the non-allotment of a large number of these flats, originally built to house economically weaker section families. Of the approximately 52,000 flats sanctioned under the scheme across multiple locations, only a fraction have been allotted so far, with a significant number left vacant and in a dilapidated state for years due to delays between central and state authorities.Read more

06 Aug 2026

Restaurant Brands Asia, the master franchisee of Burger King in India, reported an improvement in its financial performance during the first quarter of FY27, with its consolidated loss narrowing to INR 33 crore and revenue from operations rising 17.9% year-on-year. The company also completed a major ownership transition, with Inspira Global acquiring a controlling 42% stake through a fresh capital infusion of INR 1,050 crore. The funding is expected to strengthen the company's balance sheet and support its expansion, digital investments, restaurant development and long-term growth strategy.Read more

06 Aug 2026

The Securities and Exchange Board of India (SEBI) has proposed allowing depository receipts to be issued against units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The proposal aims to provide overseas investors with another avenue to invest in and trade Indian REITs and InvITs through foreign currency-denominated instruments. SEBI has suggested aligning the framework for these depository receipts with the existing rules applicable to equity depository receipts. The regulator has also invited public comments on the proposal until August 25, after which the framework may be finalised.Read more

06 Aug 2026

Navi Mumbai International Airport (NMIA) has started its dedicated international freighter operations with the launch of an IndiGo CarGo flight to Sharjah. The inaugural service handled around 20 tonnes of cargo, including general cargo, perishables and bonded transfer shipments from Mumbai and Ahmedabad. The development marks a key milestone in the airport's cargo operations and strengthens its role as an emerging logistics gateway for the Mumbai Metropolitan Region and western India. NMIA's integrated cargo infrastructure is designed to support domestic, international, express and transit cargo, along with specialised handling for multiple cargo categories.Read more