1 minute ago

State Bank of India (SBI) has completed a land agreement with the Andhra Pradesh Capital Region Development Authority (APCRDA) for developing a residential complex for its staff in Amaravati. The project will come up on 2.05 acres at Ainavolu and is planned with a built-up area of 4.46 lakh square feet. SBI plans to invest around INR 214 crore in the development. Construction is scheduled to begin in June 2027, with completion targeted for 2028. The project is part of SBI’s wider expansion in Amaravati, where it is also developing a regional office.Read more

16 minutes ago

Delhi Industries Minister Sardar Manjinder Singh Sirsa visited Amaravati as part of an official tour and reviewed the capital city’s planning, infrastructure projects and development initiatives. During the visit, the delegation went to the APCRDA headquarters at Rayapudi and the Amaravati Integrated Command and Control Centre, where officials presented the city’s master plan through the Digital Twin Platform. The delegation also visited the Government Administrative Department and Head of Department towers under construction. Officials highlighted Amaravati’s planned transport network, green spaces, technology-led development and the use of diagrid structures in the government towers.Read more

31 minutes ago

Mindspace Business Parks REIT has accepted bids worth INR 5 billion for a bond issue with a maturity of two years and one month, according to bankers involved in the transaction. The bonds carry a coupon of 7.6335%, payable quarterly. The REIT had invited commitment bids during the day and received the full issue size reported by bankers. The issue has been rated AAA by Crisil. Mindspace REIT has continued to access the debt market while funding its commercial property portfolio and ongoing capital expenditure. Its credit ratings have remained at the highest level in recent assessments.Read more

Navi Mumbai News Desk

1 hour ago

Mumbai’s airport capacity constraints are accelerating the shift of dedicated cargo operations to Navi Mumbai International Airport (NMIA), as limited availability of ad-hoc slots at Chhatrapati Shivaji Maharaj International Airport coincides with planned infrastructure works. The transition is gaining pace in August, with NMIA targeting a complete shift of dedicated freighter operations from Mumbai by 26 August. The new airport has already received its first international freighter from Hong Kong and is expected to add 13 international cargo services. The shift is also supported by Mumbai airport’s temporary suspension of dedicated freighter operations during airside infrastructure upgrades, prompting carriers to move services to NMIA.Read more

1 hour ago

A Gujarat court has rejected the bail applications of Popular Builders owner Dashrath Patel in two separate cases involving allegations of illegal land acquisition in Ahmedabad district. The cases relate to disputed parcels in Sanand taluka, including land at Chekhla village, where Patel and others have been accused of using fraudulent documentation and other means to obtain control over property. The prosecution has opposed bail, citing the seriousness of the allegations, the scale of the transactions and the possibility of evidence being influenced. Patel’s defence has contested the accusations and sought relief in both matters. The court’s latest orders keep the builder in custody while investigations into the alleged land deals continue.Read more

1 hour ago

The Centre has allocated INR 13,427 crore for the construction of around 11 lakh houses in Bihar under the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G). The funding is aimed at supporting rural households that remain without adequate permanent housing, while also strengthening basic infrastructure and living conditions in villages. The programme is expected to provide a significant boost to rural housing construction, generate demand for local building materials and labour, and support broader development across Bihar's rural areas.Read more

2 hours ago

A crane tilted and fell towards an adjoining structure while it was being positioned for demolition work at Building No. 1, Bhandari Metallurgy in Kurla. The crane had been brought to the site, but operations had not yet started when the incident occurred. The soft ground at the location appears to have affected the crane’s stability during positioning. Some people sustained minor injuries, following which the Mumbai Metropolitan Region Development Authority (MMRDA) arranged medical assistance. Machinery and manpower were also mobilised to remove the fallen crane, while the site was secured as precautionary measures were put in place.Read more

2 hours ago

Vedaanta Senior Living has launched Viveka by Vedaanta, a platform aimed at connecting professionals aged above 60 with organisations looking for experienced talent. The platform offers consulting assignments, advisory and mentoring roles, part-time work, volunteering and passion-led engagements. The initiative comes as retirement is increasingly being viewed as a phase where people can continue to contribute while having greater flexibility in choosing how they work. Based on Vedaanta's experience with senior living communities and interactions with residents and families, Viveka seeks to address the gap between experienced seniors and organisations looking for seasoned professionals.Read more

2 hours ago

The Centre and state tax authorities are working on common guidelines for documents and information required for GST registration of businesses that pass on tax credit of more than INR 2.5 lakh per month. The move aims to reduce differences in procedures followed by central and state GST formations and speed up registration processing. The proposal will be placed before the GST Council after discussions with states. Tax officials are also examining automation of GST registration cancellation and clearer grounds for cancellation. Around 1.68 crore businesses are currently registered under GST, with 65 per cent of new registrations using the simplified route.Read more

3 hours ago

The Enforcement Directorate (ED) has conducted searches at seven premises linked to the Tashee Group and its promoter Kashi Nath Shukla in Delhi-NCR as part of a money laundering investigation arising from an alleged INR 386-crore homebuyer fraud. The searches were carried out under the Prevention of Money Laundering Act (PMLA), following a criminal case concerning alleged diversion of funds collected from homebuyers. The investigation is examining the financial transactions of the group, its promoter and associated entities. The case relates to allegations that hundreds of buyers were affected by financial irregularities connected with real estate projects. The agency has collected documents and other material during the searches.Read more

3 hours ago

Around 75% of corporate occupiers surveyed by CBRE South Asia expect their office portfolios in India to expand over the next two years, indicating stronger corporate commitment to physical workplaces. The eighth edition of CBRE’s India Office Occupier Survey, conducted between April and June 2026, found that 30% of respondents expect their portfolios to grow by more than 30%, up from 18% in the previous survey. Another 33% anticipate a 10–30% increase, while 14% expect growth of less than 10%. The findings come as India’s office stock crosses 1 billion sq ft and leasing activity reaches record levels, with global capability centres and flexible workspace operators remaining major sources of demand.Read more

3 hours ago

Manipal Health Enterprises, which operates Manipal Hospitals, reported a 4.2% year-on-year decline in net profit to INR 243 crore for the first quarter of FY27, even as revenue from operations increased 38.1% to INR 3,091 crore. EBITDA rose 26.4% to INR 749 crore during the quarter, supported by higher inpatient and outpatient volumes. The reported profit excludes INR 89 crore in post-tax interest on non-convertible debentures raised to fund the acquisition of Sahyadri Hospitals, while adjusted profit after tax increased 30.9% year-on-year. The June quarter also marked the company’s first reporting period as a listed entity following its IPO. Average Revenue per Occupied Bed, excluding Sahyadri, increased 8.7% to INR 77,200 per day, indicating higher revenue intensity across the existing hospital network.Read more

4 hours ago

HP Global has entered the Haridwar residential real estate market with the launch of Amrit Aarogyam Phase-II, a premium housing project involving an investment of around INR 100 crore. Spread across nearly 2.5 lakh square feet, the project will comprise 200 units and is aimed at buyers seeking homes focused on spirituality and wellness. Located near the Delhi-Haridwar Expressway, Patanjali Yogpeeth and the Ganga, the project is being funded through investor participation and internal accruals and is planned for completion within 18 months. The company is also evaluating land acquisition opportunities in Rishikesh.Read more

4 hours ago

IndiQube has secured a workspace expansion deal with a leading global audio series platform, which has leased nearly 1,300 seats at the managed workspace provider’s tech park facility on Bengaluru’s Outer Ring Road. The deal is valued at approximately INR 68 crore and expands an existing relationship between the two companies. The client had initially scaled its operations from IndiQube’s Koramangala facility before moving to the larger enterprise environment on the city’s prime IT corridor. The transaction adds to IndiQube’s enterprise portfolio and its presence among India’s high-growth technology companies. The company said startups and unicorns account for nearly a quarter of its overall occupancy, with more than 50 unicorns having selected IndiQube as their workspace partner.Read more

4 hours ago

The growth of quick-commerce, same-day delivery and changing consumer expectations is pushing logistics operators to position warehouses closer to urban demand centres. Facilities located within or near cities can reduce last-mile distances, improve delivery speeds and lower transportation costs. The shift is also encouraging the development of micro-fulfilment centres, automated storage systems and adaptive reuse of underutilised urban properties. While urban warehousing comes with significantly higher real estate costs and space constraints, operators are increasingly balancing these challenges against the operational benefits of faster and more efficient deliveries.Read more

5 hours ago

Terreno Realty Corporation has acquired an industrial property in Redmond, Washington, for approximately USD 8 million as it continues to expand its industrial real estate portfolio across major coastal US markets. The property comprises a 21,000-square-foot distribution building on 1.5 acres and is located next to an existing Terreno property on Seattle’s Eastside. The vacant facility has five grade-level loading positions and parking for 56 vehicles. Terreno expects the property to have a stabilised capitalisation rate of 5.9 per cent once occupancy reaches market levels.Read more

5 hours ago

The proposed INR 2,100-crore elevated corridor along Chennai’s East Coast Road (ECR), connecting Thiruvanmiyur with Uthandi, appears unlikely to proceed after the project was omitted from Tamil Nadu’s latest policy note. The four-lane corridor was planned to cover about 13.5 km and was intended to address congestion along one of Chennai’s important southern coastal routes. The project had been formally launched earlier this year, but its exclusion from the latest policy document indicates that the government is reconsidering its implementation. The development leaves the project’s previously announced construction plans uncertain.Read more

5 hours ago

Avenue Supermarts, which operates the DMart retail chain, has approved an additional investment of up to INR 500 crore in its online grocery subsidiary Avenue E-Commerce Ltd, which operates the DMart Ready business. The investment was approved at the company’s annual general meeting held on August 20, as the subsidiary continues to expand its online operations despite widening losses. Avenue E-Commerce reported 17% revenue growth in FY26 to INR 4,094 crore, while its net loss increased to INR 307 crore. The latest funding could take total investment in the subsidiary to nearly INR 2,000 crore.Read more

6 hours ago

Krishvi Group is planning an INR 760-crore investment across three residential developments in Bengaluru, with a combined estimated gross development value of INR 1,050 crore. The projects will be spread over 6.5 acres and together comprise around seven lakh sq ft of residential development. Two projects are planned in Hennur, while the third, HBR Lakeside Residences, is located in HBR Layout. The Hennur developments will involve outright land acquisitions, whereas the HBR Layout project will be undertaken through a joint development arrangement. The proposed investments will expand the developer’s presence in North Bengaluru’s residential market, where demand for premium housing has continued to support new project launches.Read more

6 hours ago

Swedish construction company Skanska has secured a contract worth about USD 1.2 billion to build four data centres in the southeastern United States for an existing client. The facilities will have a combined area of around 75,000 square metres, or 808,000 square feet. Skanska’s work will cover the building shells and interior fit-outs for technical spaces, support areas and offices. Construction is scheduled to begin in the third quarter of 2026 and is expected to be completed in the third quarter of 2028. The company has not disclosed the exact locations or the identity of the client.Read more

7 hours ago

Kochi Metro Rail Ltd (KMRL) has proposed changing its name to Keralam Metro Rail Ltd as its role expands beyond Kochi to urban transport projects across Kerala. Managing Director Loknath Behera has submitted the recommendation to the state government seeking in-principle approval. The proposal follows the state government's official name change to Keralam and is aimed at reflecting KMRL's wider responsibilities, which now include the Kochi Water Metro, electric mobility projects and metro projects planned for Thiruvananthapuram and Kozhikode. The company has completed Kochi Metro's first phase from Aluva to Tripunithura and is currently implementing its second phase.Read more

Navi Mumbai News Desk

7 hours ago

Residents of Asawari Gruhasankul in Taloja Phase-2, Navi Mumbai, staged a protest outside CIDCO Bhawan in CBD-Belapur over persistent water shortages affecting 4,338 apartments across 51 towers. Around 200 residents, including women and senior citizens, participated in the agitation and sought a reliable supply of potable water. Residents said the housing complex, developed by CIDCO, has faced inadequate water supply since they received possession in 2021, despite repeated assurances over the past three years. They also complained about the quality and cost of tanker water and said piped supply is available for only around 10 minutes a day. CIDCO authorities have assured residents that the issue will be addressed within 15 to 20 days, while also warning that housing societies using booster pumps could face legal action.Read more

Lucknow News Desk

8 hours ago

The Uttar Pradesh government has approved INR 164.77 crore for construction of a road overbridge (ROB) at the Mahanagar railway crossing in Lucknow. The project is intended to address persistent traffic congestion at the crossing, where road users face delays when trains pass through the area. The proposed overbridge is expected to improve traffic movement and provide a grade-separated connection for commuters travelling through Mahanagar and surrounding areas. The approval adds to Lucknow’s ongoing efforts to strengthen road infrastructure and remove railway-level crossings that create bottlenecks on important urban routes.Read more

8 hours ago

Realty firm Brigade Enterprises has leased around 1.62 lakh square feet of office space in Thiruvananthapuram to US-based healthcare technology company HealthEdge. The space is spread across 11 floors of Brigade Square, the developer's first IT office building in the Kerala capital. The 2 lakh square feet commercial project is part of Brigade Group's expansion in Thiruvananthapuram. The company has also signed an MoU with the Kerala government to develop a 2 million square feet World Trade Center at Technopark Phase 1.Read more

9 hours ago

Swiggy's quick-commerce arm Instamart is set to shift from its existing marketplace model to an inventory-led model after shareholders approved changes to the company's foreign ownership cap. The move will allow Swiggy to qualify as an Indian-owned and controlled company, enabling it to hold inventory under India's foreign investment rules. The change is expected to improve Instamart's contribution margin by about 80 basis points through bulk buying, better supply-chain control and lower wastage. However, the inventory model will also increase working capital requirements as Swiggy will need to fund and manage stock.Read more

9 hours ago

India’s real estate investment trusts are increasing expansion through acquisitions and new office development as demand for high-quality commercial space remains firm. The country now has six REITs, comprising five office-focused and one retail-focused trust, together managing more than 214 million sq ft of assets. As of June, their combined gross assets under management exceeded INR 3.17 lakh crore. Embassy Office Parks REIT is pursuing sponsor and third-party acquisitions, with a potential 12–13 million sq ft pipeline, while its development pipeline stands at 6.2 million sq ft. Other REITs, including Knowledge Realty Trust, Brookfield India Real Estate Trust, Mindspace Business Parks REIT and Bagmane Prime Office REIT, are also pursuing expansion.Read more

10 hours ago

Ghaziabad is set to introduce a systematic identification and grading system for its road network, covering around 2,000 km of roads within the city's jurisdiction. Under the initiative, roads will receive unique identification numbers and condition-based grades, creating a structured database for monitoring their physical health and maintenance requirements. The move is aimed at improving accountability, enabling authorities to track repair needs more efficiently and helping officials prioritise road-related works. The system could also provide a more organised framework for allocating resources and monitoring the performance of maintenance agencies across the city.Read more

Pune News Desk

10 hours ago

Pune’s worsening traffic congestion is being linked to rapid urban expansion, rising vehicle ownership and infrastructure that has not kept pace with growth. The city’s built-up area has expanded by about 330% since 1990, while around 1,300 new vehicles are added each day. Traffic authorities have identified 65 congested junctions, with several operating beyond their capacity. Pune’s public transport network has also struggled to match the city’s expansion, while multiple committees and mobility plans have produced limited relief. Authorities are now examining measures including flyovers, junction improvements and efforts to raise average traffic speeds.Read more

11 hours ago

Amazon Web Services (AWS) plans to open an AWS Builder Loft in Hyderabad as part of its global expansion of permanent community spaces for developers and technology professionals. Hyderabad will be among three new locations, alongside Berlin and São Paulo. The spaces will offer free workshops, networking events, pitch nights, content creation facilities and collaboration areas. The Hyderabad facility will focus on helping Indian developers build skills in artificial intelligence and cloud-native technologies while connecting with other professionals. AWS launched its first Builder Loft in San Francisco in 2025, with the new locations expanding the initiative internationally.Read more

Noida News Desk

11 hours ago

Tenants in several high-rise residential societies in Noida are being asked to pay additional monthly charges to use common amenities such as swimming pools, gyms and clubhouses, despite paying regular maintenance fees. Resident Welfare Associations say the charges are intended to regulate access, protect equipment and meet security and upkeep costs. Tenants argue that they are legal occupants and should have access to common facilities on the same terms as homeowners. Reported charges range from INR 500 to INR 1,000 a month in some societies. The Noida Authority has said such decisions are often arbitrary and that it currently lacks specific regulations to intervene.Read more

12 hours ago

A US federal appeals court has upheld a more than USD 1 billion settlement resolving antitrust claims that real estate brokerages conspired to inflate agents’ commissions. The 8th US Circuit Court of Appeals rejected objections from home buyers and sellers who argued that the settlement unfairly released their claims. The settlement covers tens of millions of class members and includes USD 418 million from the National Association of Realtors, USD 250 million from HomeServices of America and USD 333 million in legal fees. The decision also keeps in place changes to long-standing rules governing real estate agent commissions.Read more

12 hours ago

Wyndham Hotels & Resorts is set to introduce its European lifestyle brand Vienna House in India with the signing of a 100-key Vienna House Easy property in Vrindavan. The hotel is scheduled to open in 2029 and will mark the brand's entry into the Indian market. Wyndham currently has more than 50 hotels in its India pipeline, with around 25-30 per cent expected to become operational over the next two years. The company expects to end the year with about 100 operational hotels in India as it continues expanding its presence across the country.Read more

Nagpur News Desk

13 hours ago

The Nagpur Municipal Corporation (NMC) has launched a special property tax recovery drive targeting around INR 2,400 crore in accumulated arrears, with a recovery goal of at least INR 1,000 crore between August 20 and September 30. The campaign will initially focus on commercial, mixed-use and other non-residential properties as well as vacant plots, with particular attention to 703 properties owing more than INR 5 lakh and 3,924 properties with dues between INR 1 lakh and INR 5 lakh. More than 400 personnel from the NMC’s tax and other departments have been deployed across the city’s 10 zones. Enforcement measures include property attachment, seizure of movable assets, disconnection of water and sewer connections and legal proceedings to freeze bank accounts of defaulting commercial establishments.Read more

13 hours ago

Amazon India has expanded its freight operations on the Western Dedicated Freight Corridor (WDFC) in partnership with Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), with a train flagged off from New Dadri Railway Station. The company has become the first e-commerce player to operate the inaugural Joint Parcel Product-Rapid Cargo Service (JPP-RCS) train on the WDFC. The daily service will connect Amazon’s northern and western networks, covering key locations including Delhi, Ahmedabad and Surat, with onward connectivity to Pune, Mumbai and Goa. The move will shift more shipments from road to rail.Read more

14 hours ago

Shiv Sena (UBT) MLA Aaditya Thackeray has urged Maharashtra Chief Minister Devendra Fadnavis to intervene in the worsening traffic and infrastructure problems in Pune’s Hinjewadi IT hub. He has sought a single agency to maintain roads, greater deployment of traffic police and urgent repairs to damaged roads. Thackeray also called for the completed section of the Shivajinagar-Hinjewadi Metro Line 3 to begin services without waiting for a formal inauguration. He warned that companies could consider moving out if basic infrastructure issues, including traffic, water supply and garbage management, are not addressed promptly.Read more

14 hours ago

Indian Railways has launched a one-year pilot of its integrated “Rail Parcel” app-based platform to provide door-to-door parcel logistics through partnerships with private service providers. South Central Railway started the pilot in February across 17 stations in Hyderabad, Visakhapatnam, Vijayawada, Guntur, Rajahmundry, Bengaluru and Chennai. The platform brings first-mile pickup, last-mile delivery and packaging services together, while railways handle the middle-mile movement. Three private logistics partners have been onboarded through an Expression of Interest process. The initiative builds on the Joint Parcel Product-Rapid Cargo Service, which generated about INR 56 crore in revenue up to February 2026.Read more

15 hours ago

Hindustan Power has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, with the Indian Renewable Energy Development Agency (IREDA) sanctioning debt of INR 1,135 crore. The project was awarded to the company through a competitive bidding process in 2025 and has a long-term power purchase agreement with Uttar Pradesh Power Corporation Ltd (UPPCL). The project is progressing according to schedule and is expected to add to Uttar Pradesh’s renewable energy capacity while supporting the state’s rising electricity requirements through clean power generation.Read more

15 hours ago

The New Delhi Municipal Council (NDMC) is unlikely to introduce the Unit Area Method (UAM) for property tax assessment during the current financial year, despite earlier preparations to shift towards a uniform system. The proposed reform is intended to replace the remaining use of the older rateable value method and bring greater consistency to property tax assessment across the NDMC area. The delay follows administrative and implementation-related issues that have held up the rollout. The reform has been under consideration as part of amendments to the NDMC Act, 1994, and was expected to rationalise the existing tax structure. Earlier proposals indicated that the revised system could reduce the tax burden for some properties, particularly older and self-occupied premises, while bringing the remaining properties under a common assessment framework.Read more

Delhi News Desk

16 hours ago

The Delhi government has approved seven new fire stations in the Outer North and South West districts to improve emergency coverage and reduce response times across underserved areas. The additions will increase the Delhi Fire Service network from 71 operational stations and are part of a wider plan to strengthen infrastructure, manpower and technology. The department is also pursuing additional sites, recruiting personnel and upgrading firefighting equipment. Its modernisation programme includes a central command and control centre, artificial intelligence, GPS, GIS and drone-based systems. The expansion is intended to address gaps in geographical coverage as Delhi continues to urbanise.Read more

16 hours ago

The Union Cabinet has approved four railway multi-tracking projects and a highway project worth a combined INR 13,041 crore across West Bengal, Odisha, Andhra Pradesh, Tamil Nadu and Bihar. The railway projects, costing INR 9,450 crore, will add about 410 km of lines across eight districts, strengthening passenger and freight capacity along the Howrah-Chennai route. The INR 3,591-crore highway project covers an 83-km section of NH-22 between Muzaffarpur, Sitamarhi and Sonbarsa in Bihar. The road corridor will be four-laned under the hybrid annuity model.Read more

23 Aug 2026

India is set to approve a USD 1.2 billion incentive scheme to promote domestic manufacturing of high-value construction and infrastructure equipment, according to government sources. The scheme is expected to attract USD 1.8 billion in fresh investment and provide incentives over seven years. It will cover equipment such as tunnel boring machines, firefighting systems and elevators, while introducing local value-addition targets for machines that are currently fully imported. The plan is aimed at reducing India's dependence on imports, particularly from China, as the country expands spending on roads, metros, airports and other infrastructure.Read more

23 Aug 2026

Chinese construction companies and Chinese-led joint ventures have secured a strong presence on the shortlist for Ethiopia Airlines’ planned new airport near Addis Ababa. Of the 33 shortlisted entries, 15 include Chinese firms or Chinese-led partnerships. The airport is expected to cost around USD 12.5 billion and could eventually handle up to 110 million passengers a year. The project includes a four-runway airport, terminal, support facilities and road links. Bidders will now move to the tender stage, with the facility expected to be completed by 2030 and supported partly through financing arranged by the African Development Bank.Read more

23 Aug 2026

India has expanded its transshipment air cargo network to four additional domestic origin stations and two international destinations, allowing eligible cargo to move through transit stations without mandatory re-screening. The expanded network now includes Bengaluru, Ahmedabad, Mumbai and Hyderabad, along with London and Copenhagen. The move follows the successful Proof of Concept for domestic-to-international transshipment on the Chennai-Delhi-Frankfurt route. The Civil Aviation Ministry said the revised framework is intended to improve ease of doing business and make air cargo movement more efficient. The government also plans to extend the framework to international-to-international and international-to-domestic transshipments.Read more

23 Aug 2026

Rajasthan Chief Minister Bhajan Lal Sharma has invited companies from the UAE to invest in Rajasthan, particularly in energy and hospitality, citing the state's tourism potential, heritage and investment opportunities. Speaking at the UAE-Rajasthan Tourism and Investment Round Table, Sharma highlighted the state's forts, palaces, wildlife, handicrafts, textiles, gems and jewellery and mineral resources. He also pointed to policies aimed at creating a favourable business environment and Rajasthan's push towards energy self-reliance. UAE Minister of Economy and Tourism Abdullah bin Touq Al Marri said UAE companies were interested in Rajasthan's hospitality sector and called for stronger air connectivity between Jaipur and Dubai.Read more

23 Aug 2026

ITC Hotels has signed a management agreement for a 51-key hotel in Assagao, North Goa, under its Storii by ITC Hotels brand. The property will offer rooms and suites, an all-day dining restaurant and dining, social and recreational spaces. The signing expands the company's presence in Goa and adds to its portfolio in North Goa, where tourism demand and interest in experiential travel have been increasing. The hotel is being developed in partnership with Ananda Hospitality Services Private Limited and will be positioned around Assagao's local character, culinary offerings, natural surroundings and access to beaches and other tourism destinations.Read more

23 Aug 2026

Indian Potash Limited (IPL) is preparing to reopen the Badamba Cooperative Sugar Mill in Cuttack district, Odisha, after more than 15 years of closure, with an estimated INR 360 crore investment in revival and modernisation. The project will include a 3,500 tonnes-per-day sugarcane crushing unit, a 16 MW co-generation power plant, a 10-tonne-per-day Bio-CNG facility and a cold-storage unit. It is expected to directly benefit around 10,000 farmers in Badamba block by restoring a local market for sugarcane and supporting cultivation. The revival is part of IPL’s wider strategy of bringing closed cooperative sugar mills back into operation and strengthening the agricultural value chain. The company operates 11 sugar mills across Uttar Pradesh, Gujarat and Odisha and has undertaken similar revival projects in Gujarat.Read more

23 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) has invited single women living within its jurisdiction to register for benefits under welfare schemes being developed as part of Maharashtra’s proposed policy for single women. The initiative follows a May 22, 2026 government resolution issued by the Women and Child Development Department, which established a committee to prepare a policy addressing the social, economic, educational, legal, health and rehabilitation-related concerns of single women. NMMC has asked eligible women to register at their nearest ward office by August 25, 2026. The category includes widows, legally divorced women, abandoned women, unmarried adult women living alone, and women with disabilities or others living alone due to difficult circumstances. The civic body has also provided ward-wise contact details of its social workers and group organisers for further information.Read more

23 Aug 2026

Aureya FM, formerly WTC Trades & Projects and the facilities management arm of Brigade Group, has appointed retired Indian Naval Officer Vivek Kalia as its chief operating officer. Based in Bengaluru, Kalia will oversee the company’s operations, business growth, customer experience and organisational effectiveness as it provides integrated, technology-enabled facilities management services across commercial, retail, co-working and community projects. Kalia brings more than 21 years of experience in the Indian Navy, followed by seven years with Airbus, where he established and expanded its training business across India and South Asia. He subsequently worked with Airbus Defence and Space, leading strategic defence sales campaigns and engaging with customers on business and operational requirements.Read more

23 Aug 2026

Sundaram Home Finance is expanding its Emerging Business (EB) segment in Andhra Pradesh, targeting disbursements of INR 150 crore in the state during FY27, compared with around INR 50 crore recorded in FY26. The housing finance company plans to double its EB branch network in Andhra from around 10 to 20 branches, with most new outlets planned in smaller towns. It has already opened a branch in Chittoor as part of the expansion and expects to hire around 60 employees for the segment in the state. The company is linking the expansion to increasing industrial activity and potential housing demand in Tier 2 and Tier 3 towns. Nationally, Sundaram Home Finance has more than 100 EB branches across southern India and reported Q1 FY27 net profit of INR 85 crore.Read more

23 Aug 2026

India Ratings and Research (Ind-Ra) has maintained a neutral outlook for India’s transport infrastructure sector for FY27, citing stable operational assets and healthy growth in highway toll revenue. The agency expects higher NHAI road awards through the hybrid annuity and build-operate-transfer models, a strong InvIT ecosystem and steady domestic air traffic to support the sector. However, delays in under-construction HAM projects and near-term pressure on aviation traffic remain concerns. Road InvIT assets under management stood at INR 3,168 billion as of March 2026 and could reach around INR 6,000 billion by FY30.Read more