11 minutes 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

41 minutes 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

1 hour 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

1 hour 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

2 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

2 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

3 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

3 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

4 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

4 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

5 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

5 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

6 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

6 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

7 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

7 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

8 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

8 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

9 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

9 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

10 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

10 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

17 Aug 2026

The Supreme Court has asked all states and Union territories to consider a representation seeking policies governing the regularisation and demolition of long-standing unauthorised constructions. The direction came while the court declined to entertain a public interest litigation seeking a uniform framework to protect unauthorised dwelling units occupied by economically vulnerable people. A bench headed by Chief Justice Surya Kant said conditions and ground realities vary across states, making a single framework impractical. The court instead said the issues raised could be considered by competent authorities while framing new policies or reviewing existing ones. The petition highlighted differing approaches to unauthorised colonies, including cases involving demolition without adequate notice or rehabilitation, while the court reiterated existing safeguards governing demolition proceedings.Read more

17 Aug 2026

Mumbai’s Santacruz-Chembur Link Road (SCLR) network has been fully opened, strengthening east-west connectivity between the city’s western and eastern suburbs. The completed network is expected to reduce travel times for commuters by up to 35 minutes on key routes and improve access to major arterial roads. The development was inaugurated along with the Chembur Metro station, while work on other major transport projects also advanced. The expanded road network is expected to ease pressure on congested corridors and improve connectivity towards Chembur, BKC and surrounding suburban areas.Read more

17 Aug 2026

NoBroker and Sumadhura Group are set to host a two-day property expo in Bengaluru, bringing more than 10 Sumadhura projects together at one venue. The event, scheduled for August 15 and 16 at Sheraton Grand Bengaluru Whitefield Hotel & Convention Centre, will allow homebuyers to compare projects, configurations, locations, pricing and payment options directly with the developer. A new Sumadhura project is also expected to be launched exclusively at the expo, with visitors getting early access to project details. Buyers booking during the event can avail of an INR 1 lakh voucher along with other event-specific offers.Read more

17 Aug 2026

The Assam Cabinet has approved administrative sanction for INR 2,100 crore towards the first phase of land acquisition and development of the proposed Aerotropolis Satellite City near Guwahati airport. Chief Minister Himanta Biswa Sarma said the total land acquisition requirement for the project is estimated at around INR 4,000 crore, with discussions with landowners already underway. The satellite city is planned as a major urban development project around the airport and is expected to support the expansion of Guwahati’s urban infrastructure and economic activity. The Cabinet’s decision provides funding for the initial stage of land acquisition and development. The state government also approved a draft lease deed between Assam Industrial Development Corporation Ltd and Indian Hotels Company Ltd for a Taj Gateway Hotel at Jagiroad, which is expected to serve the ecosystem developing around Tata’s upcoming semiconductor facility.Read more

17 Aug 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has started a series of village-level meetings as part of the preparation of Village Circulation Plans and Village Integration Plans under the Amaravati Master Plan. Meetings were held at Venkatapalem and Krishnayapalem to explain the proposed road network, its integration with existing village roads and future infrastructure requirements. Officials also sought feedback from residents and are conducting surveys to map existing roads and connectivity. The exercise is aimed at incorporating local requirements into village-level planning as Amaravati’s wider infrastructure development progresses.Read more

17 Aug 2026

Kalpataru Projects International Ltd (KPIL) has secured new orders and notifications of awards worth approximately INR 3,526 crore across its domestic businesses. The latest contracts cover an engineering, procurement and construction (EPC) order for an industrial plant, power transmission and distribution (T&D) projects, and residential building orders. With these additions, KPIL’s year-to-date order intake for FY27 has crossed INR 11,000 crore. The company has continued to add orders across its infrastructure businesses, including T&D, buildings and factories, water, railways and urban infrastructure, supporting a diversified order pipeline.Read more

17 Aug 2026

Mumbai One, the common mobility application developed by the Mumbai Metropolitan Region Development Authority (MMRDA), has crossed 1 crore cumulative ticket transactions, with 1,04,11,824 tickets booked across public transport services in the Mumbai Metropolitan Region (MMR). Launched in October 2025, the platform has recorded 8,16,402 downloads in about 10 months, with Android users accounting for 74% and iOS users for 26%. Metro services have generated the largest share of transactions, followed by suburban railway and municipal bus services. The platform currently connects 11 public transport operators and services through a single digital ticketing interface.Read more

17 Aug 2026

The Board of Directors of Awfis Space Solutions Limited, 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 424.92 crore, up from INR 334.70 crore in the corresponding quarter last year. Consolidated profit for the period rose to INR 23.96 crore, from INR 9.98 crore a year earlier. The Board also approved the re-appointment of Protiviti India Members Private Limited as internal auditors for FY27 and the appointment of Abhishek Poddar as a Non-Executive Independent Director for a five-year term.Read more

17 Aug 2026

The 645-km stretch of National Highway 66 passing through Kerala is scheduled for completion by May 2028, Union Minister for Road Transport and Highways Nitin Gadkari said. The project includes highway works across the state, with the core roadway component targeted for completion by April 2027 and elevated corridors expected to be completed by May 2028. The timeline provides a phased completion schedule for one of Kerala’s major national highway infrastructure projects. The National Highways Authority of India (NHAI) is responsible for implementing the works, which form part of the broader development and upgrading of NH-66. The project is significant for Kerala’s road infrastructure, given the highway’s role as a major north-south transport corridor connecting key parts of the state.Read more

17 Aug 2026

The Greater Chennai Corporation (GCC) has suspended its revised property tax assessments for properties identified as under-assessed, following complaints from residents over higher-than-expected tax demands. The decision, announced on Thursday, restores the tax payable for affected properties to the amount applicable before the revision. The exercise was undertaken to correct assessments where property details did not match the corporation’s records. Taxpayers who have already paid the revised amount will not receive an immediate refund; instead, the excess payment will be adjusted against their property tax dues for subsequent half-years.Read more

17 Aug 2026

The Ministry of Road Transport and Highways has revised key provisions in its standard bidding and concession documents for Build-Operate-Transfer (BOT) national highway projects to make the sector more attractive to private investors. The changes include wider eligibility for fund houses, clearer provisions on ownership changes, traffic targets, damages and force majeure, and termination compensation before commercial operations. The government has also streamlined debt-due calculations and changed the dispute-resolution framework, with smaller disputes going to arbitration and larger claims being handled through conciliation or mediation.Read more

17 Aug 2026

Traffic movement around Juhu Circle and adjoining parts of Andheri West was disrupted after a crane deployed for Mumbai Metro Line 2B construction developed a technical problem. The breakdown affected a busy road junction and resulted in congestion for commuters travelling through the area. The incident occurred amid ongoing elevated metro construction, where heavy equipment is being used along existing road corridors. The disruption highlights the traffic-management challenges involved in executing large transport projects in densely developed parts of Mumbai, where construction activity and everyday road movement have to operate alongside each other.Read more

17 Aug 2026

Aditya Birla Real Estate reported a consolidated net loss of INR 34.59 crore for the quarter ended June 30, 2026, widening 27.7% from INR 27.08 crore in the year-ago period. Consolidated total income, however, rose 30.7% year-on-year to INR 205.72 crore. The company’s real estate arm, Birla Estates, recorded segment revenue of INR 171.99 crore, compared with INR 130.26 crore a year earlier. During the quarter, Birla Estates also entered the Navi Mumbai redevelopment market through a Vashi project, while the company continued its transition towards a predominantly real estate-focused business.Read more

17 Aug 2026

Maharashtra Chief Minister Shri Devendra Fadnavis inaugurated a set of infrastructure projects aimed at improving road and public transport connectivity across Mumbai and the Mumbai Metropolitan Region. The projects include the final BKC-Vakola arm of the Santacruz-Chembur Link Road Phase-2, Chembur Metro station on Metro Line 2B and the second tunnel boring machine for the Thane-Borivali twin-tunnel road project. The state government also highlighted the planned procurement of 238 air-conditioned suburban train rakes and the expansion of Mumbai’s Metro network as part of efforts to improve mobility and support the city’s growing passenger demand.Read more

17 Aug 2026

The Bihar government has removed restrictions on the sale, purchase and transfer of land across the Pataliputra Greenfield Satellite Township in Patna following notification of the township’s draft development plan. The decision, announced this week by urban development and housing minister Nitish Mishra, applies to the entire notified township, including its core area. The department has informed the Patna collector-cum-district registrar, clearing the way for transactions under applicable rules. The move follows withdrawal of earlier restrictions imposed in the designated special area and provides landowners greater certainty over property transactions.Read more

17 Aug 2026

UCO Bank has launched its International Financial Services Centre (IFSC) Banking Unit (IBU) at GIFT City, Gandhinagar, expanding its international banking operations and access to cross-border financial services. The unit will provide trade finance, external commercial borrowings, foreign currency loans, loan syndication, treasury services and other permitted services. It will serve Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers. UCO Bank is also offering a 6.50 per cent interest rate on FCNR(B) deposits through the unit. The move builds on the bank’s international banking presence in Singapore and Hong Kong.Read more

17 Aug 2026

The Centre has cleared the first phase of a highway expansion project in Tumakuru district that will create a 52-km four-lane corridor linking Sira, Badavanahalli and Bairenahalli in central Karnataka. The 20.2-km Sira–Badavanahalli section of NH-69 is expected to enter construction shortly after the National Highways Authority of India completed tendering. The remaining 32-km Badavanahalli–Bairenahalli section, estimated to cost around INR 1,000 crore, is in the final stages of approval. Together, the two projects are estimated to cost INR 1,585 crore, with the Centre bearing the full cost, including land acquisition. The upgraded corridor is expected to strengthen road links with Bengaluru, Tirupati and Chennai, improve access to industrial areas in Tumakuru and facilitate freight movement towards manufacturing hubs and Chennai port.Read more

17 Aug 2026

GB Realty plans to invest more than INR 5,000 crore over the next three years as it expands its luxury residential business across North India. The developer is looking to strengthen its presence in the high-end housing segment while entering additional real estate categories and markets. The expansion will build on the company’s existing presence in the Chandigarh Capital Region and is expected to include luxury and ultra-luxury developments. The investment plan comes as developers increasingly expand beyond established markets to capture demand for premium housing in emerging North Indian locations.Read more