1 minute ago

Britain’s construction sector contracted at its fastest pace in six years during the past month as economic uncertainty, inflationary pressures and disruptions linked to the Iran conflict weighed on project activity. Data from S&P Global showed a sharp decline in new work, with residential construction emerging as the weakest segment. Rising fuel, energy and transport costs pushed input prices higher, while shipping disruptions added further pressure on supply chains. The sector also continued to reduce its workforce, and business confidence weakened amid concerns over future order books and the broader economic outlook.Read more

31 minutes ago

• A major redevelopment project worth INR 71.58 crore is transforming Vadodara's historic Pratapnagar railway station.
• The upgrade aims to improve passenger amenities, operational efficiency and rail infrastructure in the region.
• The project is expected to ease pressure on Vadodara Junction while supporting future growth in rail traffic.
• Modern facilities and enhanced connectivity are being planned as part of the station's long-term transformation.Read more

1 hour ago

• Mumbai has launched the redevelopment of a 100-acre slum cluster around Gilbert Hill in Andheri West, making it one of the city's largest slum redevelopment initiatives.
• The project will cover nearly 14,000 hutments and several existing residential structures under Maharashtra's newly introduced cluster redevelopment policy.
• It is the first major project among 19 large slum clusters identified across Mumbai for integrated redevelopment.
• The redevelopment aims to improve housing, civic infrastructure, road networks and public amenities while creating a planned urban neighbourhood.
• The project is expected to serve as a model for future cluster redevelopment projects across the city.Read more

1 hour ago

The Brihanmumbai Municipal Corporation (BMC) is advancing the long-pending Gargai Dam project in Palghar district, with infrastructure firm Soma Enterprises expected to execute the main construction package. The project, estimated at over INR 5,100 crore after revisions, is designed to augment Mumbai's water supply by 440 million litres per day (MLD) and become the city's eighth water source. Planned near Ogada village in Wada taluka, the dam is targeted for completion by 2029 and is expected to play a key role in addressing Mumbai's rising long-term water demand.Read more

2 hours ago

IHG Hotels & Resorts has signed a management agreement with Zon Hotels (Mumbai) Private Ltd to develop InterContinental Mumbai Goregaon, strengthening its luxury hospitality presence in India’s financial capital. The 350-key hotel is expected to open in the first quarter of 2030 and will be located in Goregaon, a rapidly growing commercial and business district. The development comes as Mumbai continues to witness strong demand from both business and leisure travellers. The project also reflects IHG’s broader expansion strategy in India, where the company already operates 52 hotels and has a significant pipeline of upcoming properties.Read more

2 hours ago

• The Supreme Court has constituted a high-powered expert committee to re-examine the definition and extent of the Aravalli range.
• The exercise is expected to influence future decisions related to mining, land use and environmental protection across the region.
• The move comes amid concerns over inconsistencies in identifying Aravalli areas across different states and agencies.Read more

3 hours ago

The Telangana government has inaugurated a new biologics manufacturing facility developed by Theranym Biologics in Sangareddy district with an investment of INR 1,200 crore. Located at Borpatla village, the facility is expected to generate employment for more than 1,500 local youths and strengthen the state's position in the life sciences sector. The plant will manufacture medicines used in the treatment of cancer and other life-threatening diseases, with products targeted for export to international markets, including the United States. State ministers D Sridhar Babu and Damodar Rajanarasimha attended the inauguration ceremony. The project adds to Telangana’s growing pharmaceutical and biotechnology ecosystem and is expected to enhance the global standing of products manufactured in the state.Read more

3 hours ago

The Union Cabinet has approved a one-time budgetary support of up to INR 10,000 crore for Oil Marketing Companies to provide Aviation Turbine Fuel price stabilisation support to scheduled Indian airlines covering both domestic and international operations. The decision, announced on 3 June 2026, is a direct response to exceptional fuel price volatility stemming from the ongoing West Asia crisis. The support will be disbursed on an interest-free basis and will remain operational for 36 months or until the advance is fully recovered, whichever is earlier. It builds upon a series of earlier measures including a 25 per cent cap on domestic ATF base price increases, a 25 per cent reduction in landing and parking charges, and VAT reductions on ATF in Delhi and Maharashtra to 7 per cent.Read more

4 hours ago

Mumbai’s next phase of urban expansion is increasingly being defined by infrastructure-led growth across the extended Mumbai Metropolitan Region (MMR), with industry stakeholders referring to the trend as “Mumbai 3.0”. Spanning emerging locations such as Panvel, Karjat, Khalapur, Pen and Alibaug, the growth cycle is being supported by major connectivity projects including the Navi Mumbai International Airport, Atal Setu, the Virar–Alibaug Corridor and railway upgrades. Real estate developers and market experts say rising property prices and limited land availability in Mumbai and parts of Navi Mumbai are prompting homebuyers and investors to explore peripheral markets. Organised plotted developments, integrated townships and branded land projects are gaining traction as buyers seek affordability, flexibility, lifestyle amenities and long-term capital appreciation in infrastructure-linked micro-markets.Read more

4 hours ago

• Bengaluru-based real estate consultancy Propsoch has raised USD 2 million (approximately INR 19 crore) in a seed funding round led by Athera Venture Partners, Sparrow Capital, and Vakil Group, with proceeds earmarked for strengthening research and advisory capabilities, team expansion, and market growth.
• The raise follows an earlier USD 6,00,000 in pre-seed funding backed by the family office arms of the Godrej Group and the Vakil Group, alongside individual investments from Mohit Malhotra, former MD and CEO of Godrej Properties, and Bhaskar Bhat, former MD of Titan Company.Read more

5 hours ago

• MoRT&H issued an Urban Decongestion Policy on 29 May 2026 requiring all future NH bypass and ring road projects in urban areas to be fully access-controlled, minimum 4-lane corridors with closed tolling and design speeds of 100–120 kmph replacing the non-access-controlled model that has repeatedly led to fresh ribbon development along existing corridors.
• State governments must mandatorily participate in project financing through one of four approved models: land acquisition cost-sharing, GST and royalty reimbursement, land pooling, or value capture financing over 15 years.
• Of 83 cities assessed for NH congestion, 80 recorded speed drops exceeding 10 per cent on urban highway stretches; interventions are underway in 32 cities, with 48 remaining to be addressed under this policy.Read more

5 hours ago

Great Portland Estates has said that its City Tower development is expected to generate around GBP 8.5 million in annual rental income from approximately 43,000 sq ft of fully managed office space. The announcement highlights the company's continued focus on the growing demand for flexible and managed workspaces in London. The project forms part of Great Portland Estates' strategy to enhance rental performance through premium office offerings and value-added services. The update comes as occupiers increasingly seek flexible workplace solutions in key business districts, supporting demand for managed office environments.Read more

6 hours ago

• Ludhiana Municipal Corporation has made public key details of its INR 1,546 crore 24x7 water supply project as concerns grow over extensive road excavation across the city.
• The project aims to modernise the city's water distribution network through new pipelines, reservoirs, pumping infrastructure and household connections.
• Civic authorities have sought to improve transparency by sharing project information while assuring residents that restoration of affected roads will be undertaken after construction activities are completed.Read more

7 hours ago

ITC Hotels Limited has expanded its boutique hospitality portfolio in North East India by signing its 25th property under the Storii brand. The company has entered into a definitive agreement for the development of 'Storii by ITC Hotels Guwahati', a 43-room property located within Assam's Amchong Tea Estate. The project marks another addition to the company's growing presence in the country's experiential and leisure hospitality segment. The development is expected to strengthen the supply of branded accommodation in the region, which is increasingly attracting tourism and hospitality investments. The property is being developed in partnership with Bhauram Jodhraj, whose promoters own and manage the historic tea estate.Read more

8 hours ago

• Goa Chief Minister Pramod Sawant said more than 5,000 applications under the Majhe Ghar scheme have been approved across the state.
• Ownership orders for eligible beneficiaries are set to be distributed by June 10 in both North Goa and South Goa.
• The scheme was introduced to regularise houses and provide legal ownership rights to residents facing property-related issues.
• The government has received strong public response to the initiative, with tens of thousands of forms distributed since its launch.
• The programme is expected to provide legal clarity and housing security to thousands of families across Goa.Read more

9 hours ago

Indian Railways has announced two weekly summer special train services on the Hyderabad–Mangaluru Central and Bilaspur–Yelahanka corridors to accommodate increased passenger demand during June and July 2026. The Hyderabad–Mangaluru service will operate four round trips between 3 and 25 June, while the Bilaspur–Yelahanka special will run five round trips between 3 June and 2 July. The trains will connect major cities across Telangana, Karnataka, Tamil Nadu, Kerala, Chhattisgarh and Maharashtra, providing additional capacity on heavily travelled routes during the peak travel season.Read more

10 hours ago

• Maharashtra education authorities have directed the closure of an unauthorised school operating in Chunabhatti after finding that it lacked the required permissions to run classes.
• The order affects hundreds of students, with parents being informed that children may need to be relocated to other recognised schools before the new academic term.
• The development has triggered concern among families over admissions, academic continuity and logistical arrangements, while education officials have initiated steps to facilitate student transfers.Read more

11 hours ago

• Uttar Pradesh will prepare GIS-based master plans for 93 tier-II towns across 49 districts to support planned urban development.
• The initiative will create digital land-use maps and geospatial databases for towns with populations between 50,000 and 99,999.
• The plans will help authorities manage infrastructure, housing, transportation, public amenities and future growth more effectively.
• The programme aligns with the Centre's AMRUT 2.0 mission and expands the use of GIS technology in urban planning across the state.
• Officials expect the move to reduce unplanned expansion and improve development planning in emerging urban centres.Read more

12 hours ago

Infrastructure major Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with the Tamil Nadu government to undertake three projects involving a total investment of INR 18,600 crore. The proposed developments include a data centre expansion in Kanchipuram, an electronics and electrical systems manufacturing facility in Coimbatore, and the expansion of L&T’s Kattupalli shipyard. Together, the projects are expected to generate more than 8,000 jobs across the state. The investments are aimed at strengthening Tamil Nadu’s digital infrastructure, manufacturing ecosystem and maritime capabilities while supporting long-term economic growth.Read more

13 hours ago

The Union Cabinet has approved two National Highway widening projects in Telangana with a combined length of 190.76 km and an estimated investment of INR 7,597.16 crore. The projects involve the four-laning of the Armoor–Jagtial–Mancherial section of NH-63 and the Jagtial–Karimnagar section of NH-563, which pass through several heavily urbanised and congested locations in the state. The developments will be executed under the Hybrid Annuity Model (HAM) and Build-Operate-Transfer (BOT) frameworks. Designed with bypasses around built-up areas and a target speed of 100 kmph, the projects aim to improve regional connectivity, reduce travel times, support freight movement and strengthen economic activity across Nizamabad, Jagtial, Mancherial and Karimnagar districts.Read more

14 hours ago

The Telangana government will implement revised property registration values across the state from June 5, updating official land and property rates to better reflect prevailing market conditions. The revision, applicable across all sub-registrar offices, follows a comprehensive review of transaction data, infrastructure development and local market trends in both urban and rural areas. The updated rates are expected to influence stamp duty and registration charges while helping align government valuations with current real estate prices and strengthen revenue collections.Read more

07 Jun 2026

• Pune Municipal Corporation (PMC) has asked occupants of 36 unsafe wadas and old buildings to vacate the premises ahead of the monsoon.
• The structures were identified as dangerous during the civic body's pre-monsoon structural audit across the city.
• Raviwar Peth has the highest number of unsafe properties, followed by Ghorpadi Peth, Shukrawar Peth and Bhavani Peth.
• PMC has warned residents against staying in the buildings and directed owners to undertake repairs or demolition where necessary.
• The move comes amid continuing concerns over ageing structures, redevelopment delays and safety risks in Pune's old city areas.Read more

07 Jun 2026

Dubai South recorded the highest residential property transaction volumes in Dubai for the third consecutive month in May, reinforcing its position as one of the emirate’s fastest-growing real estate markets. According to a market analysis by fäm Properties, the area registered 1,357 sales transactions worth AED 1.6 billion during the month, representing a 15.9% increase in volume over April. Residential sales transactions in Dubai South have risen by 36.4% since the end of February, driven largely by sustained growth in the off-plan market. Across Dubai, property sales reached 10,281 transactions valued at AED 28.9 billion in May, with primary market sales continuing to dominate activity. The latest figures underline strong demand from both investors and end-users across the emirate’s residential sector.Read more

07 Jun 2026

Sundaram Home Finance plans to expand its affordable housing and small-ticket lending operations by opening 25 new Emerging Business (EB) branches across South India during the current financial year. The expansion will focus on Tier 3 and Tier 4 towns in Tamil Nadu, Karnataka, Andhra Pradesh and Telangana, reflecting the company's increasing emphasis on rural and semi-urban markets. The lender is targeting disbursements of around INR 1,000 crore in the EB segment this year, up from INR 590 crore recorded in FY26. To support the expansion, the company also plans to recruit around 300 employees. The move follows the lender crossing the milestone of 100 EB branches last year and comes amid growing demand for affordable housing finance in smaller towns across the southern states.Read more

07 Jun 2026

• Thomas Cook India has expanded support for Indian enterprises operating or planning expansion in the European Union through its Cyprus subsidiary, Travel Circle International (Cyprus) Limited.
• The initiative aligns with Eurobank’s growing presence in India, including the establishment of its representative office in Mumbai.
• The two organisations aim to facilitate business travel, cross-border transactions and investment activity between India and Europe.
• Thomas Cook’s Cyprus operations provide Indian corporate clients with access to EU-based travel services and localised support.
• The move comes amid increasing India-EU economic engagement following the conclusion of the India-EU Free Trade Agreement in January 2026.Read more

07 Jun 2026

The Union Cabinet has approved the upgradation of the Khagaria-Purnea section of NH-31 and NH-231 in Bihar into a four-lane highway under the Build-Operate-Transfer (BOT) toll model at an estimated cost of INR 3,936.05 crore. The project is aimed at addressing congestion, geometric deficiencies and safety concerns across key stretches passing through Khagaria, Bhagalpur, Katihar and Purnia districts. The scheme also includes the development of a 6.729-km greenfield bypass around Purnea city. Once completed, the upgraded corridor is expected to reduce travel time significantly, improve logistics efficiency and strengthen connectivity with major economic and transport hubs, including PM Gati-Shakti economic nodes, railway stations, an airport and key national and state highways.Read more

07 Jun 2026

South Korea’s Korea Electric Power Corporation (KEPCO) has secured a contract for the second phase of the cogeneration power plant at Saudi Aramco’s Jafurah project in Saudi Arabia, strengthening its presence in the kingdom’s energy infrastructure sector. The company expects to generate approximately KRW 2.1 trillion (USD 1.4 billion) in revenue from the project. The facility will have a power generation capacity of 331 MW and produce around 465 metric tonnes of steam per hour. Construction is scheduled for completion by June 2029, after which the plant will supply electricity and steam for 17 years. The project expands on the first phase of the Jafurah cogeneration development, which KEPCO secured through an international tender in 2022.Read more

07 Jun 2026

NAREDCO Maharashtra and NAREDCO Pune supported a felicitation ceremony for successful UPSC candidates in Mumbai, reaffirming their focus on youth development and leadership initiatives. Organised jointly with Yuva Utthan Foundation at the Yashwantrao Chavan Centre, Nariman Point, the event recognised the achievements of civil services aspirants and highlighted the role of public service in nation-building. The programme brought together senior political leaders, government officials, industry representatives and members of the administrative services. NAREDCO Maharashtra, which has supported the initiative for the past four years, said it plans to expand its education and youth empowerment programmes under its corporate social responsibility initiatives, with a focus on encouraging future generations to pursue careers in governance and public administration.Read more

07 Jun 2026

Fuji Media Holdings has reportedly received stronger-than-anticipated investor interest for the sale of its real estate subsidiary, Sankei Building, with multiple bids exceeding JPY 1 trillion (USD 6.26 billion). According to a Bloomberg News report, more than 15 companies participated in the first round of bidding, including global investment firms KKR, Blackstone and Goldman Sachs. The reported offers surpass earlier estimates that valued the business between JPY 500 billion and JPY 800 billion. Fuji Media is now expected to reopen the initial bidding process to allow additional time for evaluating proposals, with revised bids due by mid-June. The transaction highlights continued investor appetite for large-scale real estate assets in Japan despite a challenging global investment environment.Read more

07 Jun 2026

Home loan borrowers are closely monitoring the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, being held from June 3 to June 5, as expectations build around the future trajectory of interest rates and lending costs. While inflation has remained broadly within the central bank’s comfort range, concerns over rising global energy prices, potential weather-related disruptions and the possibility of higher food inflation continue to influence the policy outlook. At the same time, signs of moderating economic growth have added complexity to the RBI’s decision-making process. Industry stakeholders expect the central bank to maintain its current policy stance, with the meeting’s commentary likely to provide important guidance on borrowing costs, home loan EMIs and housing demand trends over the coming months.Read more

07 Jun 2026

The Uttar Pradesh government has approved urban development projects worth around INR 3,500 crore for Agra, Bareilly and Prayagraj as part of its broader strategy to expand planned urbanisation and create new growth centres across the state. The investment will support township development, housing, infrastructure creation and urban expansion in three key cities. The move aligns with the state's New City Promotion Scheme and wider urban development agenda, which focuses on reducing pressure on existing urban centres while improving infrastructure and housing availability. The projects are expected to strengthen real estate activity, improve civic infrastructure and create new opportunities for residential and commercial development in the three cities.Read more

07 Jun 2026

Nexus Seawoods Mall in Navi Mumbai has launched the fourth edition of its Denim & Sneaker Fest, a retail-focused shopping event running until June 21. Timed to coincide with the back-to-school and college shopping season, the festival brings together a range of international and domestic fashion brands showcasing denim apparel and sneaker collections. Alongside product launches and seasonal promotions, the event features consumer engagement activities including sneaker customisation workshops, denim upcycling sessions and interactive DIY stations. The initiative forms part of the mall's efforts to drive footfall and retail spending during the summer shopping period by offering a mix of fashion-focused experiences, promotional campaigns and brand activations across its retail premises.Read more

07 Jun 2026

The Himachal Pradesh government is preparing a new land pooling policy modelled on frameworks adopted in other states as it seeks to support planned urban expansion, reduce congestion in key cities and facilitate township development. The decision was taken during a meeting of a Cabinet Sub-Committee reviewing measures to ease pressure on Shimla, major industrial centres and district headquarters. The proposed policy is expected to play a key role in the development of a new township in the Baddi-Barotiwala-Nalagarh (BBN) region and a satellite town near Chandigarh. State authorities have indicated that the policy will focus on land assembly through stakeholder participation, enabling infrastructure creation and urban development without relying solely on conventional land acquisition methods.Read more

07 Jun 2026

Danube Properties has expanded its international presence with the opening of a new sales office in Knightsbridge, Central London, strengthening its footprint in the United Kingdom. The office, located at 44 Brompton Road, follows the launch of the developer’s first UK office in Harrow two years ago. Designed to serve investors and homebuyers interested in Dubai real estate, the facility will offer personalised advisory services, dedicated marketing suites and virtual reality-based property showcases. The expansion forms part of the UAE-based developer’s broader strategy to increase engagement with overseas investors and build a stronger presence in key global markets. The company has also indicated plans to pursue further growth across the UK and Europe in the coming years.Read more

07 Jun 2026

PNB Housing Finance is set to raise up to INR 5 billion through a five-year bond issue, according to market sources. The proposed fundraising includes a base issue size of INR 4 billion and a greenshoe option of INR 1 billion. The non-convertible debentures will carry an annual coupon rate of 8.35%, with investor commitments scheduled to be sought on June 5. The issue has received AAA ratings from Care Ratings and India Ratings, indicating the highest degree of creditworthiness. The proposed bond sale comes amid continued activity in India's corporate debt market, where highly rated financial institutions are tapping investors to secure long-term funding amid evolving interest rate conditions.Read more

07 Jun 2026

Sattva Group, in partnership with Knowledge Realty Trust and rePurpose Global, has advanced the Karnataka Zero Waste Initiative with a field visit across key waste management and coastal restoration sites in Dakshina Kannada. Launched on Earth Day 2026, the three-year programme aims to recover between 3.5 million and 4.5 million kilograms of waste, integrate 80,000 households into formal waste management systems and reduce plastic leakage across 50 coastal villages. During the visit, representatives reviewed operations at Someshwara Beach, Kadeshwalya village, Pachanady and the Bantwal Material Recovery Facility. The initiative has already recovered more than 1.5 lakh kilograms of dry waste and processed over 50,000 kilograms of low-value plastic, while supporting waste workers and strengthening local waste management infrastructure.Read more

07 Jun 2026

The Union Cabinet has approved two highway development projects worth INR 4,415.60 crore in Madhya Pradesh aimed at improving connectivity, road safety and freight movement across key districts. The projects involve upgrading and widening sections of NH-347B covering more than 108 km through Betul, Khandwa, Khargone and Barwani districts. The plan also includes the construction of a 16.20-km greenfield bypass in Khargone. Implemented under the Hybrid Annuity Model (HAM), the projects are expected to address existing geometric deficiencies, congestion and safety concerns while strengthening links to economic, logistics and social infrastructure nodes under the PM Gati Shakti framework.Read more

07 Jun 2026

Uttar Pradesh's real estate regulator has stated that more than 1.15 lakh residential and commercial units are currently available for sale across the state, rejecting concerns about any immediate supply shortage. The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has cautioned prospective homebuyers and investors against claims by developers or property agents suggesting that inventories are running low or that prices are likely to increase sharply. According to the regulator, the available stock includes flats, villas, plots, shops, offices and other commercial properties spread across the western, central and eastern regions of the state. UP RERA has advised buyers to conduct thorough due diligence, verify project details through the regulator's portal and make property investment decisions based on facts rather than marketing pressure.Read more

07 Jun 2026

• Kyro Capital has launched the Kyro India Opportunities Fund – I, a SEBI-registered Category II Alternative Investment Fund with a target corpus of INR 100 crore.
• The fund will invest in profitable growth-stage Indian companies expected to pursue initial public offerings within 24–36 months.
• Key sectors include energy and power, advanced manufacturing, aerospace and defence supply chains, and consumer and FMCG businesses.
• The fund targets a 35% internal rate of return (IRR) through pre-IPO primary investments and has a tenure of five years, extendable by two years.
• The first close is targeted for July 2026, with the platform expected to expand into additional India-focused and international investment strategies.Read more

07 Jun 2026

The Himachal Pradesh government has decided to prepare a Land Pooling Policy modelled on successful land assembly frameworks adopted in other states, including Punjab, as part of its broader urban planning and decongestion strategy. The decision was taken during a meeting of a Cabinet Sub-Committee chaired by Revenue, Horticulture and Tribal Development Minister Jagat Singh Negi. The committee reviewed plans for a new township in the Baddi-Barotiwala-Nalagarh (BBN) industrial belt and a proposed satellite town inspired by Chandigarh’s development model. Officials informed the panel that around 7,042 bighas of land had already been consolidated for the project. The meeting also focused on reducing traffic congestion in Shimla through infrastructure upgrades, relocation of wholesale markets and improved traffic management measures across key junctions.Read more

07 Jun 2026

SOTC Travel has introduced a month-wise spiritual tourism calendar covering pilgrimage circuits, religious festivals and faith-based travel experiences across India and neighbouring countries amid rising demand for spiritually oriented travel. The curated programme includes destinations such as Char Dham, Kailash Mansarovar, Ayodhya, Varanasi, Tirupati and the Sri Lanka Ramayana Trail, alongside major religious events including Rath Yatra, Janmashtami, Dev Deepawali and Onam. The company stated that travellers are increasingly combining pilgrimage with cultural exploration, heritage tourism and immersive local experiences. SOTC added that demand is being driven by senior citizens, families and multigenerational groups seeking organised travel with integrated logistics, accommodation and on-ground support as spiritual tourism evolves into a year-round travel segment.Read more

07 Jun 2026

Continuing geopolitical tensions in West Asia could prompt the Reserve Bank of India (RBI) to retain a cautious monetary policy stance amid renewed inflationary pressures, according to Umesh Gowda H A, Chairman and Founder of Sanjeevini Group. He noted that elevated commodity prices and currency market volatility stemming from the conflict are creating uncertainty around inflation and economic growth. While rising construction costs may gradually push up housing prices and temper short-term buyer sentiment, a stable interest rate environment would provide support to home loan borrowers. Developers are also expected to focus on product innovation and calibrated ticket sizes to sustain affordability and maintain demand across residential markets.Read more

07 Jun 2026

Inflection Point Ventures (IPV) has become one of the first investment platforms in India to provide investors access to startup deal flow from Y Combinator (YC), the Silicon Valley accelerator known for backing companies such as Airbnb, Stripe, Dropbox, Razorpay, Groww, Meesho and Zepto. Through its IPV Ultra platform, the firm will offer curated access to early-stage YC startups using the GIFT City investment framework. IPV has also announced its first investment from YC’s Winter 2026 cohort in Congruent, an artificial intelligence-driven radar technology company focused on autonomous vehicles. The move expands global startup investment opportunities for Indian ultra-high-net-worth investors and strengthens IPV’s international investment strategy. The company has invested more than INR 900 crore across over 280 startups and reported 16 exits during FY26.Read more

07 Jun 2026

Western Railway has started fencing and concreting work on reclaimed land at Garib Nagar in Bandra East following the demolition of more than 500 unauthorised structures. The cleared land, spread across about 5,200 sq m, has been secured to prevent fresh encroachments and facilitate the planned expansion of Bandra Terminus. The project forms part of broader efforts to increase station capacity and improve rail infrastructure in Mumbai. Authorities have accelerated site protection measures while continuing debris removal and land development activities.Read more

07 Jun 2026

Bajaj Housing Finance has raised INR 20 billion through the reissue of its 7.83% May 2029 bonds, according to bankers involved in the transaction. The housing finance company accepted bids for the issue on June 4 and is expected to offer investors a yield of 8.15%. The bonds have a residual maturity of nearly three years and carry the highest AAA credit rating from Crisil. The fundraising comes amid active participation by financial institutions in India's corporate debt market as companies seek to secure medium-term funding through bond issuances. The transaction adds to a series of debt market deals announced this week, including planned bond offerings by PNB Housing Finance and REC.Read more

07 Jun 2026

• HTL International has outlined a series of sustainability initiatives across its furniture and sleep product businesses, focusing on material innovation, responsible sourcing and environmentally conscious manufacturing.
• The company has introduced upholstery fabrics made from recycled PET bottles, with each metre of fabric incorporating up to 37 recycled plastic bottles.
• Sustainable materials, certified fabrics and environmentally managed production processes are being deployed across its brands, including Fabbrica, Domicil and Corium.
• HTL has also strengthened traceability and environmental standards across its leather sourcing and tanning operations.
• The company said growing consumer awareness around sustainable living is driving demand for products that balance environmental responsibility with performance and design.Read more

07 Jun 2026

Essential Properties Realty Trust, Inc. has announced the pricing of USD 400 million of senior notes carrying a 5.375% interest rate and maturing in 2036. The debt issuance forms part of the company’s capital-raising strategy and is expected to support its funding requirements, including potential investments, refinancing and other corporate purposes. The real estate investment trust (REIT), which focuses on acquiring and managing single-tenant properties across the United States, continues to access the debt market as investors seek stable income-generating real estate assets amid evolving interest rate conditions.Read more

07 Jun 2026

Delhi Lieutenant Governor Taranjit Singh Sandhu has called for a coordinated and time-bound strategy across the National Capital Region (NCR) to address air pollution before the onset of winter. During a review meeting with the Commission for Air Quality Management (CAQM), officials identified road dust, vehicular emissions, biomass burning and industrial pollution as major pollution sources. The discussions focused on inter-agency coordination, dust-control measures, mechanised road sweeping and long-term environmental strategies aimed at improving air quality across Delhi-NCR.Read more

07 Jun 2026

Mumbai’s western suburbs are emerging as the city’s primary redevelopment corridor as ageing residential societies, limited land availability and expanding infrastructure networks accelerate urban renewal activity across locations including Santacruz, Andheri, Goregaon, Kandivali and Dahisar. Industry estimates indicate that redevelopment-led projects could add more than 44,000 housing units valued at nearly INR 1.3 lakh crore in the coming years. According to Knight Frank India, over 900 housing societies across Mumbai have signed redevelopment agreements since 2020, with a significant share concentrated in the western suburbs. Alongside housing society redevelopment, slum rehabilitation projects continue to reshape several suburban clusters, with more than 2,500 projects reportedly completed across Mumbai over the past three decades, benefiting approximately 2.83 lakh families and expanding the city’s formal housing supply.Read more

07 Jun 2026

• Delhi government has directed MCD to intensify action against illegal constructions after a building collapse near Saket Metro station in south Delhi.
• The incident led to multiple casualties and injuries, triggering urgent administrative response.
• Authorities have started inspections in vulnerable areas, especially across South Delhi zones like Saket and Mehrauli.
• Notices are being issued to owners of unauthorized buildings, with sealing and eviction drives planned.
• The government has also ordered accountability for officials linked to enforcement lapses and violations.Read more