2 minutes ago

The Enforcement Directorate (ED) conducted searches at multiple locations across Delhi-NCR as part of a money laundering investigation into alleged cheating of homebuyers through subvention schemes. The investigation concerns real estate companies AVJ Developers (India) and Rudra Buildwell Construction and stems from two separate FIRs registered by the Central Bureau of Investigation (CBI). According to officials, the alleged arrangement involved a nexus between builders and banks under which homebuyers were offered a ‘No EMI till possession’ scheme. Buyers obtained housing loans and booked flats or apartments in the developers’ projects, but possession was allegedly not handed over even after several years. The ED’s investigation is being conducted under the Prevention of Money Laundering Act (PMLA).Read more

32 minutes ago

Delhi is set to develop Anand Vihar, Kashmere Gate and Sarai Kale Khan as multi-modal transport hubs to integrate different public transport systems and improve passenger connectivity across the capital. The three locations are being planned as key interchange points linking metro services with railways, interstate bus services and other modes of urban transport. The initiative is part of efforts to improve integration between Delhi’s major transport networks and facilitate smoother passenger movement between terminals and services. The hubs are expected to consolidate transport infrastructure at the three locations while improving interchange facilities for commuters. The plan involves coordination among multiple agencies responsible for Delhi’s transport and urban infrastructure, with the proposed hubs intended to support more seamless movement across the city’s major transport corridors.Read more

1 hour ago

Smartworks Coworking Spaces Ltd is adding 176,285 square feet of coworking capacity in Pune with an investment of INR 280 million. The addition is expected to further increase the company’s operational footprint in the city as demand for flexible and managed office space continues to grow. Smartworks had about 10.4 million square feet of operational space across 54 centres in 15 cities at the end of June, while its total footprint stood at around 16.9 million square feet. The company has also recently expanded its Pune operations through new enterprise client engagements.Read more

1 hour ago

MahaMetro has resurfaced Nagpur’s Wardha Road double-decker flyover after potholes and rough patches affected the ride quality for commuters. The repair followed reports highlighting the deteriorating condition of the city’s double-decker flyovers, particularly around the Ajni and Airport Square approaches and exits. The Wardha Road structure, which combines a road flyover and Metro viaduct, was opened in 2020 and continues to be maintained by MahaMetro. The repair also comes as both the Wardha Road and Kamptee Road structures are expected to eventually be handed over to the Nagpur Municipal Corporation.Read more

2 hours ago

Arihant Foundations & Housing Ltd reported a consolidated net profit of INR 240.9 million, or INR 24.09 crore, for the June quarter, according to the company’s latest financial update. Consolidated revenue from operations stood at INR 1.34 billion, or INR 134 crore. The company had reported consolidated revenue of INR 84.89 crore and net profit of INR 16.35 crore in the corresponding quarter of the previous financial year. Arihant operates in residential and commercial real estate development, with its portfolio focused largely on Chennai and surrounding markets.Read more

2 hours ago

China’s new home prices remained under pressure in July as weak demand continued to affect the property market. New home prices fell 0.1% from the previous month, while the annual decline narrowed slightly to 3.2% from 3.3% in June, according to Reuters calculations based on National Bureau of Statistics data. Only 17 of 70 surveyed cities recorded monthly price increases. Property sales, investment and new construction starts also declined at a faster pace during the first seven months of the year. Local governments continue to introduce measures to support housing demand, but a broad recovery remains uncertain.Read more

Delhi News Desk

3 hours ago

Delhi Chief Minister Smt Rekha Gupta inaugurated a two-lane slip road bridge connecting Ghazipur in East Delhi with the Hindon Canal on Thursday. The bridge is intended to improve road connectivity for residents of Kondli, Kalyanpuri, Ghazipur and surrounding areas, while easing traffic pressure and reducing commuting time. Delhi Public Works Department Minister Parvesh Sahib Singh said the project had remained incomplete for six years because of pending issues, including payment to the contractor, before the BJP government cleared the matters and completed the work. Union Minister of State for Road Transport and Highways and East Delhi MP Harsh Malhotra said the bridge over a large drain would improve connectivity for residents of Trilokpuri, Kondli and Patparganj assembly constituencies. The government also said the Barapulla flyover, under construction for 10 years, had been completed and would be inaugurated soon.Read more

3 hours ago

The Securities and Exchange Board of India (SEBI) has revised the framework for calculating net distributable cash flow (NDCF) for Infrastructure Investment Trusts (InvITs), allowing payments towards major maintenance expenses of road projects funded through external debt to be added back while calculating NDCF. The provision applies at both the special purpose vehicle (SPV)/holding company and trust levels. The regulator has, however, linked the benefit to project-level unitholder approval, auditor certification and detailed disclosures. The move follows industry requests for a change in the treatment of debt-funded major maintenance costs under the existing NDCF framework.Read more

4 hours ago

A state-wide inspection by the Maharashtra Food and Drug Administration has led to the suspension of licences of 14 food business establishments linked to Blinkit, Zepto, Instamart and other operators after serious food safety and hygiene violations were found. The drive covered 86 facilities across Maharashtra and examined storage, temperature control, cleanliness, pest management and compliance with food safety norms. While no licence was cancelled, the FDA issued 60 improvement notices and temporarily halted operations at one delivery facility until deficiencies are corrected.Read more

4 hours ago

China and Hong Kong equities declined as investors turned cautious ahead of Unitree Robotics’ closely watched Shanghai IPO and a series of interim earnings results. Weakness in the property sector added pressure, with real estate stocks among the leading decliners in mainland China and CK Asset falling sharply in Hong Kong after it did not announce a special dividend despite stronger interim earnings. Tightening liquidity, concerns over domestic demand and China’s widening cross-border tax collection also affected sentiment. Technology stocks were mixed, while rare-earth shares and some communications stocks performed better.Read more

5 hours ago

Actor Ajay Devgn and his mother, producer Veena Devgan, have leased a bungalow in Mumbai’s Juhu for five years, with the total rental value estimated at INR 10.61 crore. The property, located in Kapol Co-operative Housing Society, has a built-up area of around 7,803 square feet. The monthly rent starts at INR 16 lakh and will increase by 5% every year, reaching about INR 19.45 lakh in the fifth year. The registered agreement also includes an INR 48 lakh security deposit, with stamp duty and registration charges paid as part of the transaction.Read more

5 hours ago

India’s security infrastructure is increasingly relying on connected surveillance systems that combine cameras with power backup, communications, connectivity, monitoring and maintenance. Brihaspathi Technologies has worked on surveillance projects for the Border Security Force (BSF) across sensitive border locations as well as for the Visakhapatnam City Police Commissionerate. The BSF deployment covered Berhampore, Malda and Jaisalmer and involved IP-based CCTV systems supported by power and communication infrastructure. The Visakhapatnam project focused on CCTV coverage at strategic locations within the Steel Plant Police Station jurisdiction under the RINL-CSR initiative.Read more

6 hours ago

Brigade Enterprises reported a 37 per cent year-on-year rise in consolidated net profit to INR 216.94 crore in the first quarter of FY27, compared with INR 157.95 crore in the corresponding quarter of the previous fiscal year. However, consolidated total income declined 11.5 per cent to INR 1,179.22 crore from INR 1,332.86 crore. The company recorded overall sales of INR 1,061 crore during the quarter, while average sales realisation rose 21 per cent to INR 14,256 per square foot. Its real estate and leasing businesses also reported growth in key operating parameters.Read more

6 hours ago

Nexent Capital IFSC Private Limited, the GIFT City-based arm of US-based Nexent Capital Management, has received registration from the International Financial Services Centres Authority (IFSCA) to operate as an investment banker within India’s International Financial Services Centre. Granted on July 31, 2026, under the IFSCA (Capital Market Intermediaries) Regulations, 2025, the registration allows the firm to undertake regulated investment banking activities from GIFT City. Its permitted services include IPOs, FPOs, SPAC listings, secondary listings, depository receipt issuances, debt capital market transactions and other capital market advisory mandates. The firm plans to expand its cross-border investment banking platform, focusing particularly on companies from the US and Europe seeking capital raising and listing opportunities through GIFT City.Read more

6 hours ago

A home loan is often viewed as a long-term financial burden, but for many Indian families, it has become the foundation of substantial wealth. The difference wasn't just buying a house, it was making smarter borrowing and investment decisions along the way. From choosing growth corridors and prepaying strategically to resisting the urge to overspend, these habits have helped ordinary homeowners build properties worth several crores over time. Here are 10 lessons inspired by the home loan decisions that have quietly created wealth across generations.Read more

7 hours ago

Arrow Exploration Corp. has acquired a producing oil property in Thorsby, Central Alberta, giving it a 100% working interest in an asset producing around 550 barrels of oil equivalent per day. The acquisition, valued at CAD 12.15 million, or approximately USD 8.9 million, has been funded from the company’s cash reserves. The property generated about CAD 2 million in operating income over the past 12 months and has 4.973 million boe of proved reserves and 7.537 million boe of proved plus probable reserves.Read more

7 hours ago

Maharashtra Chief Minister Devendra Fadnavis has acknowledged serious infrastructure problems in Pune district’s Chakan industrial belt and said the state government is working on a coordinated mechanism to address them. The issue has gained attention after 20 small-scale companies said they plan to shift operations to the Khandala industrial belt in Satara district, citing traffic congestion and poor infrastructure. NCP (SP) chief Sharad Pawar has also raised concerns over roads, pollution, water supply, electricity and traffic in Chakan. Fadnavis said the Pune district collector would coordinate with agencies involved in the area to resolve the issues.Read more

7 hours ago

The Ministry of Housing and Urban Affairs (MoHUA) utilised 99.78% of its revised budget allocation during 2025-26, spending INR 57,075.19 crore against a revised estimate of INR 57,203.78 crore, according to a parliamentary panel report. Scheme-level expenditure stood at INR 52,978.83 crore against the revised estimate of INR 53,096.53 crore. Metro and MRTS projects recorded full utilisation of INR 29,451 crore, while PMAY-Urban and PMAY-Urban 2.0 saw expenditure of INR 8,948.82 crore, representing 99.84% utilisation. AMRUT recorded 99.68% utilisation and Swachh Bharat Mission-Urban 97.27%. However, the parliamentary committee raised concerns over schemes that remained unspent and called for more realistic budget estimates and timely implementation of approved programmes.Read more

8 hours ago

The Construction Federation of India (CFI) has called for greater attention to project preparation, technical expertise, quality-based procurement and long-term asset performance as India expands its infrastructure network. CFI President M. V. Satish said the next phase of development should focus on building infrastructure that is safer, more durable and capable of performing over its full lifecycle. The industry body highlighted gaps in site investigations, detailed project reports, utility mapping, risk assessment and maintenance, while also stressing that technologies such as BIM, GIS, LiDAR, drones, digital twins and AI should support engineering expertise rather than replace it.Read more

8 hours ago

Shriram Properties reported a 46% year-on-year decline in consolidated net profit to INR 11.04 crore for the quarter ended June 30, 2026, compared with INR 20.59 crore in the corresponding period a year earlier. The decline was primarily attributed to higher expenses, with operational costs and tax outgo increasing during the April-June quarter, while the company also recorded losses from joint venture projects. Total income increased marginally to INR 271.04 crore from INR 261.54 crore. Despite the decline in profit, sales bookings rose 10% to INR 484 crore during the quarter. The developer has a presence in Bengaluru, Chennai, Pune and Kolkata, with 52 delivered projects covering more than 32.9 million sq ft. As of June 30, its pipeline comprised 41 projects with an aggregate development potential of 33.7 million sq ft.Read more

9 hours ago

Heavy widespread rainfall disrupted road connectivity across Himachal Pradesh on Wednesday, with 313 roads, 65 water supply schemes and 112 transformers affected, according to the State Emergency Operation Centre (SEOC). Mandi recorded the highest number of road closures at 117, followed by Chamba with 74, Kullu with 60 and Shimla with 36. Other affected districts included Sirmaur, Kangra, Una, Kinnaur and Lahaul-Spiti. The disruption came as the weather department forecast a wet spell in the state until August 17 and issued a yellow warning for heavy rainfall in isolated areas until August 18. Since the onset of the monsoon on June 30, rain-related incidents have claimed 70 lives and caused estimated losses of INR 910 crore across the state.Read more

9 hours ago

Swedish construction company Skanska has secured a USD 957 million contract from the Los Angeles County Metropolitan Transportation Authority for the East San Fernando Valley Light Rail Transit Project in Van Nuys, California. The project covers a 10.8-kilometre at-grade light rail line, a 10.5-hectare rail and maintenance facility and 11 new stations. Construction is already underway and the project is expected to be completed by December 2031. The new line will improve connections between high-density communities in the eastern San Fernando Valley and the wider Los Angeles County rail network.Read more

10 hours ago

The Comptroller and Auditor General of India (CAG) has flagged delays in railway safety works, with 20,304 safety-related projects remaining unfinished during FY 2024-25. The audit also raised concerns over the funding and use of the Rashtriya Rail Sanraksha Kosh (RRSK), noting that Indian Railways contributed only a fraction of the internal resources originally envisaged for the fund. The audit report further pointed to the use of RRSK money for non-priority works, budgetary irregularities and a backlog of renewal and replacement works. The findings come as railway expenditure and gross traffic receipts continued to rise.Read more

10 hours ago

Bengaluru-based flexible workspace operator IndiQube Spaces reported a consolidated net loss of INR 23.88 crore for the quarter ended June 30, 2026, narrowing from INR 36.75 crore in the corresponding period a year earlier. Total income increased to INR 448.81 crore during the first quarter of FY27 from INR 324.12 crore in the year-ago period, according to a regulatory filing. However, total expenses also rose, reaching INR 479.32 crore from INR 374.08 crore. IndiQube operates a nationwide network of 137 coworking centres across 17 cities and has 10.61 million sq ft of area under management. The company’s operations cover flexible workspace facilities across multiple Indian markets, with Bengaluru serving as its base.Read more

Delhi News Desk

11 hours ago

The Delhi government has identified around 10 acres at ITO for a new high-tech single-tower secretariat, with plans to redevelop the existing Income Tax Office, MSO Building and adjoining government land. The proposal is part of a wider redevelopment of 18 acres, including five acres currently belonging to the Income Tax Office, which will be relocated to a newly constructed multi-storey office building on the opposite side. The Public Works Department has moved away from an earlier twin-tower design and is now pursuing a single-tower configuration. The project is intended to consolidate government offices that are currently spread across Delhi and address space constraints at the Players Building near Indira Gandhi Indoor Stadium. A request for the land has been sent to the Centre, while a global construction tender is planned as the project moves into its preliminary stage.Read more

11 hours ago

Uber has expanded its bike taxi services to seven additional cities in West Bengal as part of its wider effort to increase its presence across India. The service has been launched in Asansol, Kharagpur, Murshidabad, Bardhaman, Panskura, Habra and Malda. Uber Bike is aimed at providing an affordable option for short-distance journeys and improving last-mile connectivity in smaller cities and emerging urban centres. The expansion will also provide local drivers with flexible earning opportunities. The company plans to take its services to more than 225 cities across the country.Read more

12 hours ago

Cloudangles, a California-headquartered deep-tech and enterprise technology company, has opened a Global Engineering Centre (GEC) in Hyderabad as part of its plans to expand its engineering and technology capabilities. The centre, which became operational earlier this week, is expected to scale to 1,000 engineers over the next two years. Its operations will cover application development, engineering, data and analytics, artificial intelligence, automation, digital productivity, innovation and corporate systems. The facility will also focus on product engineering, advanced analytics, cloud and emerging technologies as Cloudangles expands its global engineering operations.Read more

12 hours ago

A tribunal order concerning the Jaipur Development Authority (JDA) has brought the issue of commercial activity on land designated for residential use under renewed scrutiny. The matter comes amid wider judicial attention to the unauthorised commercial use of residential areas in Jaipur and other state capitals. The Supreme Court has directed municipal bodies across state capitals to identify residential properties being used for commercial purposes and submit compliance reports. In Jaipur, concerns have centred on commercial establishments operating in areas earmarked for residential development, raising questions over land-use compliance, planning enforcement and coordination between development and civic authorities. The issue has implications for developers, property owners and commercial establishments operating from residential plots, particularly where the underlying land-use designation does not permit such activity. The latest tribunal-related developments add to the regulatory scrutiny surrounding the conversion and commercial use of residential land in the city.Read more

13 hours ago

The Centre plans to establish four dedicated critical minerals processing parks in Gujarat, Maharashtra, Andhra Pradesh and Odisha as part of its efforts to build domestic processing capacity for minerals needed by the battery and clean energy industries. The proposed parks will develop element-specific ecosystems, with lithium and nickel being prioritised initially. Each facility is expected to bring processing and downstream industries together in one location. State governments will lead the planning and implementation, while the Centre will provide technical support. The initiative forms part of the broader National Critical Mineral Mission, which has an outlay of INR 34,300 crore over seven years.Read more

13 hours ago

Gujarat Chief Minister Bhupendra Patel has asked banks to improve the speed and reach of credit delivery, particularly for MSMEs, women entrepreneurs, rural artisans, small farmers and other beneficiaries at the last mile. Chairing the 190th meeting of the State Level Bankers’ Committee in Gandhinagar, Patel said the banking sector would have an important role as India works towards becoming the world’s third-largest economy. He also asked banks to use technology to process government-backed loan applications faster and expand financial support to groups covered under Gujarat’s new Industrial Policy 2026.Read more

14 hours ago

JSW Cement Limited's Board of Directors, at a meeting held on 13 August 2026, approved the company's unaudited financial results for the quarter ended 30 June 2026, reporting consolidated revenue from operations of INR 1,896.41 crore, up from INR 1,559.82 crore in the corresponding quarter last year. The company posted a consolidated profit of INR 153.43 crore for the quarter, against a loss of INR 1,366.41 crore in the year-ago period, which had been impacted by a large one-off exceptional charge linked to the conversion of compulsorily convertible preference shares. The Board also approved raising funds of up to INR 500 crore through the issuance of rated, listed non-convertible debentures on a private placement basis.Read more

14 hours ago

Irish Residential Properties REIT plc (IRES) reported higher earnings for the first half of 2026, with EPRA earnings reaching EUR 15.30 million and EPRA earnings per share (EPS) increasing 5.8% year-on-year. The company also recorded a 5.4% rise in IFRS net asset value (NAV) per share to 138.8 euro cents. The results come as IRES continues to manage its residential rental portfolio in Ireland through asset recycling, portfolio investment and selective acquisitions. Its performance follows a year of improved earnings in 2025, when adjusted earnings excluding fair value movements rose 7.4% to EUR 32.8 million.Read more

15 hours ago

Patna Metro has received a funding boost of INR 628.32 crore under the Centre’s capital investment support framework, with the allocation aimed at supporting ongoing construction of the city’s metro rail network. The additional funding comes as work continues on the project’s corridors and associated infrastructure in Patna. The allocation is expected to provide further financial support for construction activities and help maintain momentum on the project. The development comes alongside the Bihar government’s efforts to advance the metro network as a major component of the city’s urban transport infrastructure.Read more

15 hours ago

The Jammu Division of Northern Railway has expanded its cash pickup arrangement with the State Bank of India (SBI) to cover 18 more railway stations, taking the total number of stations under the facility to 67. The arrangement is intended to improve the security of railway revenue, speed up cash deposits and reduce the responsibility of station staff involved in transporting and depositing collections. The facility is particularly relevant for remote stations, where accumulated cash previously had to be retained for several days. The move is part of the division’s broader efforts to improve financial and commercial management.Read more

16 hours ago

Delhi’s draft Master Plan 2047, approved by the Delhi Development Authority and awaiting clearance from the Centre, has projected a requirement for around 40 lakh additional homes by 2047. The plan proposes a three-pronged housing strategy centred on small-format dwellings, affordable rental housing and new development in land pooling and transit-oriented development zones. With limited land availability, dwelling units measuring 25–60 sqm of carpet area have been proposed to increase supply. The draft also provides for slum rehabilitation, regeneration of existing housing stock, improvements in resettlement and regularised unauthorised colonies, and private-sector participation. Land pooling and transit-oriented development areas alone have the potential to accommodate about 30 lakh dwelling units.Read more

16 hours ago

The Railway Ministry has moved six rail infrastructure projects worth around INR 31,814 crore to the Hybrid Annuity Model (HAM), replacing a revenue-linked framework with a structure designed to lower financial risk for private investors. The move is expected to bring private capital into new railway track development, with projects involving nearly INR 16,000 crore of private funding. Under HAM, the government provides a substantial portion of the project cost while the private developer finances the balance and receives payments over the concession period. The shift is aimed at accelerating project execution while reducing exposure to traffic and revenue risks.Read more

17 hours ago

Andhra Pradesh Chief Minister N Chandrababu Naidu has inaugurated the E3 Seed Access Road and a bridge that strengthens connectivity between Vijayawada and Amaravati. The infrastructure is part of the road network being developed to support the state capital region and improve access to Amaravati. The newly opened stretch is expected to facilitate smoother movement for commuters and provide a more direct route towards the capital area. The project is also part of the government’s broader effort to accelerate infrastructure creation in Amaravati, where road, bridge and other supporting projects are being taken up to prepare the region for expanded residential, commercial and administrative activity.Read more

17 hours ago

Hinduja Group plans to invest INR 2,500 crore across its businesses in Tamil Nadu, with the proposed investments spanning renewable energy, electric mobility, automotive, financial services, energy, battery charging infrastructure and digital mobility solutions. A major part of the commitment will involve developing more than 200 MW of renewable energy projects through Hinduja Renewables Energy Pvt Ltd, covering solar, wind and battery technologies. In the mobility segment, OHM Global Mobility Ltd will operationalise electric buses for public transport in the state and expand its mobility solutions value chain. The group said it would also examine opportunities across its other business areas as part of the investment plan. Its existing Tamil Nadu presence includes Ashok Leyland, Gulf Oil India, Hinduja Leyland Finance, Hinduja Housing Finance, Switch Mobility, Ohm Mobility, Gro Digital and Hinduja Tech.Read more

18 hours ago

The Ministry of Heavy Industries has received 20 bids from companies seeking to establish integrated sintered neodymium-iron-boron (NdFeB) rare earth permanent magnet manufacturing facilities in India. Larsen & Toubro and Coal India are among the bidders under the government’s INR 7,280-crore scheme, which aims to create 6,000 metric tonnes per annum of domestic manufacturing capacity. The initiative is intended to build an indigenous rare earth magnet supply chain, reduce import dependence and strengthen India’s position in a sector critical to electric vehicles, renewable energy, electronics, aerospace and defence applications.Read more

18 hours ago

Syama Prasad Mookerjee Port Kolkata (SMPK) has reclaimed 15.6 acres of port land spread across 24 parcels following a coordinated effort to remove encroachments. The recovery is part of the port authority’s continuing efforts to protect and improve the use of its land assets. Earlier official data submitted to Parliament showed 170.4 acres under encroachment at the Kolkata Dock System, involving 706 identified encroachers. The port has been using inspections, security personnel, boundary walls and fencing, along with support from local authorities, to prevent fresh encroachments and recover occupied land.Read more

17 Aug 2026

Haryana has approved a standardised digital mechanism for the identification and marking of Prime Khasras, aimed at bringing uniform implementation of the process across the state. The Revenue and Disaster Management Department has cleared the Prime Khasra Module on the Revenue Haryana Portal, along with a Standard Operating Procedure and User Manual for its operation. Under the approved system, authorised revenue officers will be able to select and designate a Prime Khasra following verification of relevant records and the uploading of supporting documents. The SOP and User Manual will be circulated to Divisional Commissioners, Deputy Commissioners, Sub-Divisional Officers, Tehsildars and Naib Tehsildars for implementation.Read more

17 Aug 2026

EV leasing platform Drivn has entered into an agreement with AVG Logistics to deploy 100 electric trucks across India. The vehicles will be used for AVG Logistics’ different freight and business requirements, while the specific routes and corridors will be finalised later. The partnership brings together AVG Logistics’ logistics operations and Drivn’s financing and leasing model for commercial electric vehicles. The agreement comes as logistics companies increasingly look at alternatives to conventional diesel fleets, while financing, vehicle costs, battery performance and charging infrastructure remain key considerations in the shift towards electric heavy-duty transport.Read more

17 Aug 2026

An alleged scam worth INR 305 crore involving fake work ordeINR for the upcoming Kumbh Mela works in Nashik has come to light, leading to the arrest of two peINRons so far, while several other INRs remain on the run, a local police officer said on Wednesday. The arrested accused, identified as Tanay Mahajan and Narendra Totaram Mahajan, allegedly cheated a complainant of INR 2.17 crore under the pretext of helping him secure a housekeeping work order for the Kumbh Mela. The accused reportedly gained the complainant's trust by showing him a fake work order bearing the Government of India emblem and the name of the Nashik Trimbakeshwar Kumbh Mela Authority.Read more

17 Aug 2026

Larsen & Toubro (L&T) has secured an order valued between INR 10,000 and INR 15,000 crore to build the country's largest single-cluster artificial intelligence infrastructure facility, marking the company's entry into the AI Factory business. Through its AI infrastructure arm, LTN Compute, and its AI and data centre business, Vyoma.AI, L&T will set up an NVIDIA B300-based AI Factory at its Chennai data centre campus to power the AI-native cloud platform of US-based Together AI. The facility is intended to support large-scale inference, fine-tuning and training workloads, strengthening India's AI infrastructure ecosystem.Read more

17 Aug 2026

Union Finance Minister Nirmala Sitharaman has called on multilateral institutions to help attract private investment into infrastructure projects across BRICS economies, citing common structural constraints in mobilising capital at scale. Speaking at a seminar in Jaipur on the role of the New Development Bank in mobilising private capital, she said investment depended not only on the availability of funds but also on predictable policies, investor confidence and credible long-term frameworks. India, which holds the BRICS presidency in 2026, is seeking greater private participation alongside public infrastructure spending. The Finance Ministry has created a three-year pipeline of infrastructure projects estimated at more than INR 17 lakh crore for development through public-private partnerships. The National Infrastructure Pipeline, launched in 2019, covered 13,000 projects worth an estimated INR 185 lakh crore as of March 2025.Read more

17 Aug 2026

The Centre has approved a fourth railway line through the strategically important Chicken’s Neck, or Siliguri Corridor, in north Bengal, strengthening rail capacity on the key route connecting the Northeast with the rest of India. The Malda-New Jalpaiguri section is a crucial link for both passenger and freight movement, while a nearly 29-km double-line underground project between Tinmai Ghat and Bagdogra is also being taken forward. Other works include doubling in the Barsoi section, redevelopment of New Jalpaiguri station and new local train services for border and remote areas.Read more

Chennai News Desk

17 Aug 2026

Chennai-based residential developer DRA has started presence-less property registration and e-sale deed services for its customers under Tamil Nadu’s STAR 2.0 digital registration framework. The company has established dedicated infrastructure and digital compliance systems at its head office to enable customers to complete registrations remotely without visiting Sub-Registrar Offices. DRA said the system offers greater flexibility, including registrations on weekends, public holidays and auspicious days. The developer is the first CREDAI Tamil Nadu member to adopt the framework and has been working with the Inspector General of Registration’s office and TCS to improve the process based on customer experience.Read more

17 Aug 2026

The proposed 72.44-kilometre Ghaziabad-Jewar corridor will have 11 Namo Bharat stations and 18 metro stations, according to the National Capital Region Transport Corporation (NCRTC). The corridor will connect Ghaziabad with Greater Noida, the Yamuna Expressway region and Noida International Airport at Jewar. Planned for a maximum operational speed of 180 kmph, the corridor is expected to bring travel time between Ghaziabad, Noida and the airport down to around 40-50 minutes. The project is currently at the Detailed Project Report stage, with most of the alignment planned to be elevated.Read more

17 Aug 2026

EFC (I) Limited, a listed Real Estate as a Service company, has entered into a Share Acquisition Agreement to acquire 100 per cent equity shareholding in Ultrafresh Modular Solutions Limited, a 51 per cent subsidiary of TTK Prestige Limited, subject to fulfilment of conditions precedent. Ultrafresh, which has a 25-year presence in India's modular solutions segment, manufactures modular kitchens, wardrobes and customised furniture through an integrated design, manufacturing, supply and installation model, operating out of a facility in Nalagarh, Himachal Pradesh. The acquisition is intended to strengthen EFC's furniture manufacturing and Design & Build businesses with an established North India production base.Read more

17 Aug 2026

Essar group IT company Black Box Ltd has secured a USD 131 million (about INR 1,240 crore) order from a new US-based global Tier-1 hyperscaler for a major data centre project in the United States. The company disclosed the order in a regulatory filing on Wednesday, but did not identify the client. Under the engagement, Black Box will undertake project-related work at a key location in the US over an approximately three-year period. The company also indicated that the engagement is expected to expand further over time. The order adds to Black Box’s business with hyperscale data centre operators and forms part of its efforts to increase its presence in this segment. Chief executive Sanjeev Verma described the contract as an important step in the company’s hyperscaler growth journey.Read more