3 minutes ago

Scandinavian Airlines (SAS) is set to resume regular services between India and Scandinavia with five weekly non-stop flights connecting Mumbai and Copenhagen. The service, scheduled to begin in October, will be operated using a 226-seat Airbus A330 and will restore the airline’s direct presence in India after its earlier withdrawal from the market. SAS had initially planned to restart the route earlier this year, but its inaugural flight was forced to return to Copenhagen because the required final regulatory approval had not been secured. The renewed service is expected to improve direct connectivity for business and leisure travellers.Read more

33 minutes ago

Canadian home sales increased for the fourth consecutive month in July, while home prices recorded their first monthly rise since late 2024, according to data from the Canadian Real Estate Association (CREA). Sales rose 0.5% from the previous month, although they remained 5.3% lower than a year earlier on an unadjusted basis. CREA’s Home Price Index increased 0.1% month-on-month but was still down 3.3% year-on-year. New listings declined for a third straight month, bringing the market closer to its long-term balance between supply and demand.Read more

1 hour ago

Around 100 metres of an under-construction section of National Highway-53 in Kendrapara district, Odisha, caved in on Sunday following a week of incessant rainfall. The affected section is located near Nilachal Bazar under the Marshaghai police station limits and forms part of the ongoing rebuilding and widening of NH-53. Three trucks parked on the construction stretch fell into a ditch after the road gave way. No injuries or fatalities were reported because no drivers or helpers were inside the vehicles at the time. A senior official from the National Highways Authority of India’s (NHAI) Bhubaneswar Regional Office attributed the collapse to prolonged water stagnation caused by the sustained rainfall. The incident has raised concerns among local residents about the condition of the highway construction.Read more

1 hour ago

Gujarat Chief Minister Bhupendra Patel has announced that the state government will purchase private land in areas where government, Gram Panchayat, wasteland or Gauchar land is insufficient, and provide residential plots free of cost to eligible rural families. The move is aimed at expanding the coverage of the state’s rural housing programme and ensuring that land shortages do not prevent eligible families from receiving plots to build homes. The announcement was made on August 15 as part of a wider package of rural housing and infrastructure measures.Read more

2 hours ago

The Mumbai Metropolitan Region Development Authority has imposed a cumulative penalty of INR 12.5 crore on the contractor and consulting agencies working on Metro Line 9 following a safety lapse at the under-construction Medetiya Nagar station in Mira-Bhayandar. The incident occurred on Monday when granite stones fell from a foot-over bridge area into the barricaded construction zone during debris removal work. J Kumar Infraprojects, the primary contractor, was fined INR 10 crore, while sub-agencies Gajanan and Systra-CEG-General Consultant were penalised INR 1.5 crore and INR 1 crore respectively. No injuries were reported.Read more

2 hours ago

Around 1,500 people were evacuated from Aayakar Bhavan on Maharshi Karve Road in south Mumbai after a fire broke out in the Income Tax Department building on August 17. The blaze originated in the basement of the multi-storey government office, triggering a large-scale emergency response. Mumbai Fire Brigade personnel, along with police, BEST, ambulance services and civic officials, were deployed at the site. Firefighting and evacuation operations continued as authorities worked to contain the blaze and ensure the safety of people inside the building. No injuries were reported.Read more

3 hours ago

Germany recorded a nearly 14% year-on-year increase in permits for apartment construction in June, adding to signs that the country's property sector is gradually recovering from its prolonged downturn. Authorities approved permits for around 21,600 apartments during the month, about 2,600 more than a year earlier. The rise in permits is important for the construction industry as approvals provide an indication of future building activity. However, the recovery remains at an early stage, with housing officials noting that permit levels are still well below what Germany needs.Read more

3 hours ago

The Bombay High Court has directed Maharashtra’s Food and Drug Administration (FDA) to pay INR 5 lakh to Pune-based Gurunanak Dairy and Sweets after the regulator kept the shop’s licence suspended despite a subsequent inspection finding 98 per cent compliance. The court allowed the establishment to resume operations and criticised the FDA for continuing the suspension after the compliance report. The shop had approached the court claiming losses of INR 8.74 lakh following its closure in June. The court said the regulator’s food-safety objective was commendable but its action had gone beyond what was warranted.Read more

4 hours ago

The reopening of Mumbai’s Monorail is likely to be delayed further as the Mumbai Metropolitan Region Development Authority (MMRDA) seeks additional safety checks and has yet to finalise an evacuation plan for passengers in case a train becomes stranded. The Chembur–Sant Gadge Maharaj Chowk corridor has remained shut for nearly a year and has already undergone safety testing and received clearance from the Commissioner of Metro Rail Safety. However, MMRDA wants further inspection of the elevated corridor and additional safeguards before passenger services resume. The authority has not announced a revised reopening date.Read more

4 hours ago

Blue Dart Express is preparing to expand its presence in the e-commerce logistics market by introducing a cross-border delivery service aimed at enabling Indian online sellers to reach international customers. The company plans to launch the service in September, building on its existing domestic parcel network and international logistics capabilities. The initiative comes as India’s e-commerce ecosystem increasingly looks towards overseas markets and cross-border trade. Blue Dart expects the new offering to strengthen its position in international express logistics while helping businesses, particularly small and medium-sized sellers, access customers beyond India.Read more

4 hours ago

Skyline Builders Group Holding has acquired two gold and silver mineral properties in Nevada as it expands beyond its existing construction-focused business. The acquisitions include the early-stage Mill Creek gold exploration project and the past-producing Irwin gold and silver property. Mill Creek covers about 720 acres across 36 mining claims, while Irwin has recorded historical assays of up to 7.5 grams of gold and 96 grams of silver per tonne. The acquisitions come ahead of Skyline’s planned business combination with Cove Kaz Resources, which is focused on tungsten and critical mineral projects in Kazakhstan.Read more

5 hours ago

The Enforcement Directorate (ED) has summoned Punjab-cadre IAS officer Kanwal Preet Brar for questioning on August 18 as part of its money-laundering investigation into alleged irregularities linked to the Suntec City project in Mohali. The probe centres on the processing and approval of modified change of land use (CLU) permissions for the project. The ED is examining allegations that forged consent documents were used during the approval process. The project, spread across 108.58 acres, has already come under the agency’s investigation over alleged generation and concealment of proceeds of crime.Read more

5 hours ago

Suraj Estate Developers reported a 7.4% year-on-year increase in consolidated profit after tax (PAT) to INR 22.85 crore for the quarter ended June 30, 2026. Consolidated total income rose 9.8% to INR 146.23 crore, while EBITDA increased 9% to INR 54.8 crore. The Mumbai-focused developer recorded a 74% rise in sales value to INR 141 crore and a similar increase in sales area to 28,834 sq ft. During the quarter, the company also acquired a Dadar West land parcel for about INR 18 crore, with an estimated gross development value of INR 100 crore.Read more

5 hours ago

A pre-dawn fire at the four-storey Bideshini hotel in the temple town of Tarapith, Birbhum district, West Bengal, killed eight people and left several injured on Monday. Five of the deceased belonged to a single family from Meghalaya's South Garo Hills who had travelled to the town for prayers at the Goddess Tara temple. Police detained hotel owner Kalyan Paul and are investigating whether fire-safety norms were followed, with guests alleging a rear exit was found blocked.Read more

6 hours ago

The Asian Development Bank (ADB) has approved a USD 50 million emergency loan for the Maldives to help the country manage fuel shortages and protect essential energy and water services amid the impact of the ongoing conflict in West Asia. The Maldives depends heavily on imported fuel, with about 94 per cent of its electricity generated using fuel. Rising global fuel prices and weaker tourist arrivals have added pressure on government finances. The assistance will support fuel imports and help maintain electricity, water, transport, food, medical supply and waste management services across the island nation.Read more

6 hours ago

Light House Green Sara Centre Ltd has pledged an investment of INR 10,000 crore to establish a hyperscale data centre in Thoothukudi, Tamil Nadu. The commitment was among 97 memoranda of understanding worth INR 67,542 crore signed at the state's first Vettri Tamil Nadu Investors Conclave 2026 in Chennai. The event, held in the presence of Chief Minister Chandrasekaran Joseph Vijay, is expected to generate more than one lakh jobs across automotive, renewable energy, life sciences, electronics, research and development, and data centre sectors.Read more

6 hours ago

Juniper Hotels will invest around INR 850 crore to develop a 550-key five-star hotel in Sector 23, Dwarka, Delhi. The company has signed a licence deed with the Delhi Development Authority through its wholly owned subsidiary, Juniper Hospitality Assets Pvt Ltd. The hotel is targeted for completion by 2030. Once operational, the project is expected to take Juniper Hotels’ presence in New Delhi to around 1,000 keys. The company is also working on other developments and evaluating inorganic opportunities as it aims to increase its portfolio to approximately 3,900 keys by FY 2030-31.Read more

7 hours ago

K Hospitality Corp's restaurant platform, Charcoal Concepts, and UK-based The Restaurant Group have formalised a joint venture to expand the pan-Asian dining chain Wagamama across India. The partnership targets at least 100 outlets over the next ten years and was announced alongside the opening of Wagamama's fourth Indian restaurant in Mumbai. One report places the investment at INR 550 crore. The move builds on the brand's debut Indian outlet in Churchgate, Mumbai, which opened roughly a year earlier and outperformed initial expectations, prompting the scaled-up partnership.Read more

7 hours ago

The Centre has told the Supreme Court that it has accelerated the drafting of rules under the Bharatiya Vayuyan Adhiniyam, 2024, with the final framework expected within three weeks. The development came during a hearing on a petition seeking stronger regulation of airfares, ancillary charges and passenger protection in India. The government placed the draft rules before a bench of Justices Vikram Nath and Sandeep Mehta in a sealed cover, saying final discussions were underway. The court asked the Centre to publish the draft within seven days and warned that airlines failing to comply with applicable airfare directions should face strict action. The petition, filed by social activist S Laxminarayanan, seeks an independent and robust aviation regulator and measures to address unpredictable fluctuations in ticket prices and additional charges levied by private airlines.Read more

7 hours ago

Bengaluru-based real estate developer Puravankara Ltd reported a consolidated net profit of INR 25.23 crore for the quarter ended June, compared with a net loss of INR 68.55 crore in the corresponding period a year earlier. The company’s total income increased to INR 877.15 crore during the first quarter of the current financial year from INR 538.64 crore in the same period of the preceding year, according to a regulatory filing. Puravankara is among India’s major real estate developers and has completed 97 projects so far, covering a combined 59 million sq. ft. across nine cities. Its completed project portfolio spans Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa.Read more

8 hours ago

National Australia Bank shares fell more than 5% after the lender forecast a sharp slowdown in housing credit growth, citing weaker homebuyer activity following recent tax changes. NAB reported third-quarter cash earnings of AUD 1.83 billion, while Australian home loan applications declined 15% from the previous quarter. The bank expects investor credit growth to move from more than 8% last year to a 1.4% contraction in its 2027 financial year, while total housing credit growth is forecast to slow from around 7.5% to 2.5%. NAB also warned of pressure on property prices in Sydney and Melbourne.Read more

8 hours ago

The Enforcement Directorate (ED) has provisionally attached immovable properties valued at INR 129.80 crore in an alleged real estate fraud involving homebuyers and investors in Ahmedabad. The action was taken by the agency’s Ahmedabad Zonal Office under Section 5(1) of the Prevention of Money Laundering Act, 2002, through an order dated August 14. The case involves Ronak Ravjibhai Sonani, Vipulbhai Gordhanbhai Gangani, Keshav Narayan Group and others. The investigation followed five FIRs registered in Ahmedabad and relates to alleged schemes that offered flats and shops at pre-launch prices and promised returns of 54–100 per cent. The ED has alleged that the projects lacked mandatory RERA registration and non-agricultural permissions, while buyers were allegedly not given the promised properties or refunds.Read more

8 hours ago

Five associations representing Unitech Ltd homebuyers have urged the government and Supreme Court to expedite the appointment of a new chairman and managing director and allow monetisation of the developer’s unsold assets to fund stalled housing and commercial projects. The CMD position has remained vacant since Yudhvir Singh Malik’s tenure ended on 20 July 2026. Unitech’s projects, primarily in Delhi-NCR, have faced delays of more than 15 years, leaving around 15,000 customers awaiting delivery. Buyers estimate that INR 11,000–12,000 crore is required to complete the stalled developments, while around INR 3,000 crore could be contributed by customers. The associations have made separate demands concerning lenders’ claims, an audit of loans and priority for homebuyers in the resolution process.Read more

9 hours ago

Saatvik Solar Industries has signed an initial agreement with the Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) to establish a 3.6 GW solar cell manufacturing facility at Gopalpur, Odisha. The proposed plant will form part of the company’s broader manufacturing development in the state and is expected to generate employment while supporting the surrounding industrial ecosystem. Saatvik is already advancing its Phase I integrated manufacturing facility at Gopalpur, where construction and equipment installation have reached key milestones. The company said the dedicated 220 kV substation is ready for charging, while manufacturing lines are undergoing installation, testing and validation. Its cell manufacturing line is expected to begin ramp-up shortly, with an ALMM-II inspection planned for September. The phased development is intended to build an integrated solar manufacturing base focused on scale, quality and supply-chain resilience.Read more

9 hours ago

Max Estates Ltd reported a 30% year-on-year decline in consolidated net profit to INR 8.35 crore for the quarter ended June, compared with INR 11.93 crore in the corresponding period of the previous financial year. The company's total income remained broadly unchanged at INR 80.07 crore during the first quarter of the current fiscal year, against INR 80.12 crore a year earlier, according to a regulatory filing. Established in 2016, Max Estates is the real estate arm of Max Group and has residential and commercial projects across Delhi-NCR. The company also operates Max Asset Services, a real estate services and management business. Its operations are focused on property development and related services within the Delhi-NCR market.Read more

9 hours ago

President Droupadi Murmu said India’s economy continues to remain resilient despite global warfare and instability, with growth projected to be more than twice the global average. In her address to the nation on the eve of Independence Day, she highlighted the role of self-reliance, digital infrastructure, renewable energy and physical connectivity in strengthening the country’s economic base. She also pointed to India’s progress on Sustainable Development Goals and the rapid expansion of highways, waterways, railways and airways. According to her, these developments are creating business opportunities, supporting employment and improving investor confidence.Read more

10 hours ago

India's biggest cities are increasingly developing smaller economic ecosystems within their boundaries. These districts are no longer just office clusters surrounded by residential neighbourhoods; they are evolving into self-contained destinations with workplaces, hotels, restaurants, retail, housing, healthcare and entertainment. Bandra-Kurla Complex in Mumbai has become a major financial hub, while GIFT City is building an international financial ecosystem almost from scratch. Similar transformations are underway in Hyderabad, Bengaluru, Gurugram, Kolkata and Pune. Together, these districts show how India's urban growth is moving from a single city centre towards multiple specialised economic centres.Read more

10 hours ago

Asking prices for newly listed homes in Britain recorded their sharpest August decline since 2018, with the average price falling 2.0% over the four weeks to August 8, according to Rightmove. The fall was larger than the typical 1.3% August decline seen over the past decade. Prices were also 1.0% lower than a year earlier, marking the biggest annual decline since December 2023. A large supply of homes, seasonal weakness and higher mortgage rates are putting pressure on sellers. Buyer demand has improved modestly, but remains below last year’s level.Read more

10 hours ago

Navi Mumbai International Airport (NMIA) has received its first international freighter, marking another step in the expansion of its cargo operations. The Hong Kong Air Cargo-operated Airbus A330-200F arrived from Hong Kong carrying around 60 tonnes of import and export shipments. The carrier will operate three weekly services, resulting in six weekly cargo air traffic movements between the two cities. NMIA is also preparing for 13 additional freighter services connecting it with major markets across Asia, Europe and West Asia. The expansion comes as cargo operations at Mumbai airport face a planned suspension of dedicated freighter flights.Read more

11 hours ago

WeWork Global has sold a 2.52% stake in flexible workspace operator WeWork India Management for INR 244.14 crore through open-market transactions, reducing its holding in the Indian company to 12.3% from 14.82%. The sale involved 35 lakh equity shares transferred in five tranches by its affiliate 1 Ariel Way Tenant Ltd at an average price of INR 697.55 per share. Despite the reduction, WeWork Global remains the largest public shareholder. The transaction comes as WeWork India reported a consolidated net loss of INR 4.30 crore for the April-June quarter, although total income increased to INR 700.74 crore. The Indian business, majority-owned by Embassy Group, began in 2017 as a joint venture between WeWork Global and Embassy Group and remains the exclusive licensee of the WeWork brand in India.Read more

11 hours ago

Larsen & Toubro (L&T) has secured an ultra-mega order in the Middle East for the development of multiple offshore facilities, expanding the infrastructure major’s portfolio of large-scale energy projects in the region. L&T Energy Hydrocarbon Offshore (LTEH Offshore) will execute the engineering, procurement, construction, installation and commissioning (EPCIC) work for the facilities. L&T classifies orders valued above INR 15,000 crore as ultra-mega. The company said the award reinforces LTEH Offshore’s presence in the Middle East and reflects customer confidence in its ability to execute complex offshore developments. The business has integrated engineering, project management, procurement, fabrication and installation capabilities, supported by an offshore vessel fleet. Over four decades, it has delivered fixed platforms, subsea pipelines, brownfield modifications, deepwater structures and pipelines, and decommissioning projects across global markets.Read more

12 hours ago

A landslide at a construction site in Nandan County in southwestern China’s Guangxi region killed at least one person and left four others trapped, according to local authorities. The incident occurred shortly before noon as several parts of the country continued to face heavy rainfall and heightened geological disaster risks. China has experienced a series of deadly floods and landslides this summer. Authorities in Sichuan and Shaanxi had also issued warnings over heavy rain and increased risks of floods and landslides, while Typhoon Dolphin brought extreme rainfall to several regions during the past week.Read more

12 hours ago

As many as 396 infrastructure projects across sectors such as roads and railways, with a combined estimated cost of INR 18.66 lakh crore, have been evaluated through the Network Planning Group under the PM GatiShakti initiative. Of these, 256 projects have received sanction, while 198 are currently under implementation. The initiative is aimed at improving coordination between infrastructure ministries and creating integrated multimodal connectivity to lower logistics costs. The government’s latest logistics assessment also indicates that logistics expenditure has fallen to 7.97% of GDP in 2023-24, showing the broader impact of infrastructure and policy measures.Read more

13 hours ago

Cochin Shipyard reported a 19.36% year-on-year decline in consolidated net profit for the June quarter, with profit falling to INR 151.45 crore from INR 187.82 crore in the corresponding quarter last year. The decline came even as total income increased to INR 1,161.25 crore. Higher expenses also affected profitability. Segment-wise, shipbuilding revenue increased sharply, while ship-repair revenue declined, resulting in a mixed quarterly performance. The state-owned company continues to operate across shipbuilding and ship-repair activities, with facilities in Kochi and other parts of the country.Read more

13 hours ago

Delhi’s Indira Gandhi International Airport (IGIA) is planning to increase its annual passenger handling capacity from 106 million currently to 125 million under a proposed 10-year master plan extending to 2036. Delhi International Airport Ltd (DIAL) plans to raise capacity to 116 million by April 2030 and subsequently to 125 million by 2032. The expansion includes a proposed Pier E at Terminal 3 (T3), with capacity for 10 million passengers, targeted for completion by April 2030. Decisions on a fourth terminal and an Automated People Mover remain pending, although the master plan is expected to earmark a 7.5-kilometre right of way for an APM system. The airport handled 6 million passengers in July, while traffic during FY2026-27 up to July stood at 26.4 million.Read more

Mumbai News Desk

14 hours ago

The Brihanmumbai Municipal Corporation’s Improvement Committee has approved the lease of about 15 acres of reclaimed land at the former Mulund dumping ground to Navbharat Mega Developers Pvt Ltd, the special purpose vehicle implementing the Dharavi Redevelopment Project. The five-year lease will allow the company to establish a casting yard, precast element manufacturing facility and ready-mix concrete plant for the redevelopment works. The proposal had earlier faced objections over environmental and civic concerns, but was cleared by the panel on August 14 following further consideration. The BMC is expected to receive about INR 103.47 crore in gross rent.Read more

14 hours ago

Finance Minister Nirmala Sitharaman said the government will soon constitute a high-level committee on Banking for Viksit Bharat to prepare a roadmap for the banking sector to support India’s development goals. The panel was proposed in the Union Budget to comprehensively review the sector while maintaining financial stability, inclusion and consumer protection. The announcement came during the two-day PSB Confluence, where public sector banks and financial institutions discussed deposit mobilisation, youth banking, investment financing, global capability centres, agriculture infrastructure, credit cards and priority sector lending.Read more

Mumbai News Desk

15 hours ago

The Brihanmumbai Municipal Corporation’s Improvement Committee has approved a 30-year lease of about 25,543 sq m of its Century Mills land in Lower Parel to Peddar Realty Ltd for redevelopment at a consideration of INR 1,321 crore. The agreement includes an option to extend the lease by another 30 years. The proposal concerns an existing mill workers’ colony comprising 23 buildings, 476 residential tenements and 10 shops. Eligible occupants are to be rehabilitated as part of the redevelopment. The approval faced opposition from Shiv Sena (UBT) and Congress members over the terms and proposed use of the civic land.Read more

15 hours ago

Hazoor Multi Projects Ltd has secured a INR 28.47-crore contract from the National Highways Authority of India (NHAI) to operate as the user fee collection agency at Madangundi Fee Plaza on NH-31 in Jharkhand. The order was awarded through the e-tender process, according to a regulatory filing by the company. The project is located at kilometre 12.3 of the highway and has a tenure of 12 months. NHAI issued the Letter of Award to Hazoor Multi Projects for the user fee agency engagement. The company operates across renewable energy and infrastructure, including road construction projects undertaken on an engineering, procurement and construction (EPC) basis. The contract adds a highway-related assignment to the company's existing activities in the infrastructure and energy sectors.Read more

Hyderabad News Desk

16 hours ago

Hundreds of properties in Hyderabad’s Jubilee Hills and Banjara Hills have been included in Telangana’s prohibited properties list under Section 22-A of the Registration Act, restricting owners from registering, selling or transferring their holdings. The inclusion forms part of a wider revision of prohibited-property records following directions from the Telangana High Court and has affected established residential plots, houses, apartments and housing societies. Owners have questioned the classification of properties with longstanding ownership and registration records. The exercise has also affected properties across Greater Hyderabad, prompting representations seeking correction or removal from the restricted list.Read more

16 hours ago

Kerala is set to begin full export-import operations at Vizhinjam International Seaport, moving the facility beyond its existing transshipment role. The launch will take place alongside Mission Samudra, a state-backed port-led industrial and logistics development programme supported by a INR 400 crore catalytic fund. The mission will cover eight industrial clusters, three new cities and the state’s 600-kilometre coastline. Direct cargo movement through Vizhinjam is expected to reduce transit time and logistics costs while supporting exports, warehousing, cold storage, logistics parks and employment across Thiruvananthapuram and neighbouring districts.Read more

17 hours ago

India’s six listed Real Estate Investment Trusts (REITs) collectively distributed INR 3,136 crore to more than 4.85 lakh unitholders during the June quarter of FY27, according to data from the Indian REITs Association (IRA). The listed trusts covered by the data are Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, Knowledge Realty Trust and Bagmane Prime Office. The distribution was more than double the INR 1,559 crore paid by four listed REITs during the corresponding quarter a year earlier. Knowledge Realty Trust and Bagmane Prime Office were listed subsequently. Since inception, the six REITs have cumulatively distributed more than INR 34,800 crore. Their combined gross assets under management stood above INR 3.17 lakh crore as of June 2026.Read more

17 hours ago

The Trump administration has asked the US Supreme Court to allow construction of a USD 400 million ballroom at the White House to continue while it prepares a full appeal against a lower court ruling. The US Court of Appeals for the District of Columbia Circuit had ordered a halt to above-ground construction, saying the project required congressional approval. The administration has argued that the project is necessary for national security and forms part of an integrated secure complex. The National Trust for Historic Preservation, which challenged the project, has urged the Supreme Court to reject the administration’s request.Read more

18 hours ago

The Punjab and Haryana High Court has directed the Haryana government’s urban local bodies department and the Municipal Corporation of Gurugram (MCG) to prepare a standard operating procedure and fixed timelines for removing debris after civic works. The court’s direction came during a petition concerning the delay in clearing road debris and the difficulties faced by residents. The court observed that people should not have to repeatedly approach the judiciary for basic civic issues such as road clearance. The proposed framework is expected to establish clear responsibility and ensure that debris is removed within a defined period after work is completed.Read more

18 hours ago

More than half of the 128 ready-to-move-in flats offered under the Delhi Development Authority’s (DDA) Karmjeevan Awas Yojana 2026 were booked on the first day, with 66 units sold, according to the authority. The scheme, launched on the occasion of India’s 80th Independence Day, offers homes in Pocket-II, Sector A6-A4, Narela at a 25% discount. The strongest demand was recorded for one-bedroom units, which were completely booked within hours, while two- and three-bedroom flats also attracted buyers. Discounted prices start at INR 33.40 lakh for one-bedroom units, INR 75.55 lakh for two-bedroom homes and INR 1.085 crore for three-bedroom units. The DDA said the scheme is aimed at government employees, working professionals and other eligible groups seeking relatively affordable home ownership in Delhi.Read more

19 hours ago

Kolkata Metro Railway plans to expand its rapid transit network to around 130 km in the coming years, according to General Manager Prem Sagar Gupta. The expansion was highlighted during the organisation’s Independence Day address at Metro Rail Bhavan, alongside details of passenger traffic, earnings and digital ticketing adoption. The network carried 23.60 crore passengers during FY26, underlining its role in Kolkata’s public transport system. Metro Railway also recorded earnings of INR 166 crore between April and July 2026, representing a 34% year-on-year increase. The organisation is simultaneously focusing on safety, passenger amenities and service reliability. Digital payment adoption has also increased, with commuters using electronic modes for tokens, smart cards, QR-code tickets and smart-card recharges through the Aamar Kolkata Metro app.Read more

19 hours ago

The Uttar Pradesh government has approved INR 8.99 crore for installing 1,342 CCTV cameras at 296 key traffic junctions across 51 districts. The project is aimed at improving road safety, monitoring traffic violations and strengthening enforcement in locations that are not covered by the Integrated Traffic Management System or Smart City surveillance projects. The network will include Automatic Number Plate Recognition and pan-tilt-zoom cameras, along with recording and supporting equipment. The state has directed the Uttar Pradesh Police headquarters’ traffic and road safety wing to complete the procurement process, with the sanctioned funds to be utilised by March 2027.Read more

20 hours ago

Kerala has approved implementation of the second phase of the Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0), under which around 30,000 eligible beneficiaries are expected to receive housing assistance. The state Cabinet cleared the scheme in line with the Centre’s eligibility criteria, with Kerala set to sign a memorandum of understanding with the Union government to secure INR 450 crore in central assistance. Under the revised funding structure, each homeless beneficiary will receive total assistance of INR 4 lakh, comprising INR 1.50 lakh from the Centre and INR 1 lakh from the state, with the balance shared by the municipality and beneficiary. Beneficiaries will also be required to bear 25% of the total project cost. The second phase will begin as the existing PMAY-Urban LIFE phase is scheduled for completion by 30 September 2026.Read more

20 hours ago

Prime Minister Shri Narendra Modi said India has begun semiconductor production at three plants, with another five to eight facilities expected to be established over the next seven to eight years. Speaking from the Red Fort on the 80th Independence Day, Modi highlighted semiconductor manufacturing as an important component of India’s push for greater technological self-reliance. Semiconductor chips are critical to sectors including electronics, healthcare, transport and other modern technologies. The prime minister said India had discussed developing domestic semiconductor manufacturing capacity for years but lacked large-scale production facilities. He said the government had since taken steps towards building self-reliance in the sector, with semiconductor exports already beginning. The planned expansion is expected to strengthen India’s broader objectives of Aatmanirbhar Bharat and Viksit Bharat.Read more

21 hours ago

Union Minister H D Kumaraswamy has urged Karnataka Chief Minister D K Shivakumar to take over the Bengaluru-Mysuru Infrastructure Corridor Project (BMICP), implemented by Nandi Infrastructure Corridor Enterprises (NICE), and immediately stop toll collection on the roads. In a seven-page letter sent to Shivakumar on August 15, Kumaraswamy cited observations made by the Karnataka High Court regarding alleged irregularities in the project’s implementation and sought corrective action by the state government. NICE currently operates a 41-kilometre peripheral road and a 10-kilometre link road in Bengaluru, on which tolls are collected. Kumaraswamy has also called for legislation to formally take over the project, citing alleged violations of the Framework Agreement and Project Technical Agreement. The Chief Minister said the government would examine the matter and act in accordance with the law.Read more