29 minutes ago

The Securities and Exchange Board of India (Sebi) has clarified that off-market sales of unlisted equity shares by an existing shareholder through privately negotiated transactions will not be considered a deemed public issue, provided the number of buyers does not exceed 200 in a financial year. The clarification came in response to IDBI Bank's request regarding its proposed sale of unlisted equity investments. Sebi said such transactions are secondary share transfers and do not amount to a company offering securities to investors. The regulator also clarified that contractual rights such as the right of first refusal can be honoured during such transfers.Read more

59 minutes ago

Aurionpro Solutions has secured an additional INR 50 crore contract from the Mumbai Metropolitan Region Development Authority (MMRDA) to expand the Automatic Fare Collection (AFC) system on Mumbai Metro Line 5. The order will strengthen the metro's ticketing and passenger management infrastructure by deploying advanced fare collection technologies across additional stations. The contract reinforces Aurionpro's role in Mumbai's expanding metro network while supporting the city's efforts to enhance commuter convenience through digitally integrated public transport systems.Read more

1 hour ago

LIC Housing Finance reported a 9% year-on-year increase in its net profit for the first quarter of FY27, supported by lower expenses and an improvement in asset quality. While the company's total income and interest income declined compared to the corresponding period last year, its gross and net non-performing assets (NPAs) showed further improvement. The latest quarterly performance reflects continued focus on maintaining asset quality and cost control, even as revenue remained under pressure amid the evolving lending environment.Read more

1 hour ago

HSBC has agreed to sell its Australian home and personal loan portfolio valued at AUD 36 billion (USD 25.3 billion) to Blackstone in what is being described as the world's largest home loan portfolio transaction. The deal forms part of HSBC's ongoing global restructuring strategy aimed at exiting non-core retail businesses and strengthening its corporate and institutional banking operations. Subject to regulatory approvals, the transaction is expected to be completed in the first half of 2027. Blackstone will manage the portfolio through multiple investment funds, with Pepper Money overseeing loan servicing in Australia.Read more

2 hours ago

The Himachal Pradesh government has submitted proposals worth INR 234 crore to the Department for Promotion of Industry and Internal Trade (DPIIT) for the development of two plug-and-play industrial parks under the Central government's Bharat Audyogik Vikas Yojna (BHAVYA). The proposed projects include a 150-acre industrial park in Solan district and a 75-acre park in Una district, with a combined estimated investment of INR 234 crore. If approved, the projects will be implemented jointly by the state government and the National Industrial Corridor Development Corporation (NICDC). The initiative aims to strengthen industrial infrastructure, improve ease of doing business, attract investments and support employment generation across the state.Read more

2 hours ago

Western Railway is set to significantly accelerate the reconstruction of the Bandra-Khar flyover as part of the Mumbai Urban Transport Project (MUTP) aimed at adding a sixth suburban rail line between Mumbai Central and Borivali. By adopting an intensive construction approach, authorities expect to rebuild the flyover in about 45 days instead of the previously estimated 90 days. The move is expected to minimise traffic disruption while helping maintain momentum on one of Mumbai's key rail capacity enhancement projects.Read more

3 hours ago

Leela Palaces Hotels and Resorts reported a strong financial performance for the first quarter of FY27, with its consolidated net profit rising more than five times year-on-year to INR 48.8 crore. The growth was supported by higher revenue from operations, reflecting continued demand for luxury hospitality services. While total expenses also increased during the quarter, the company's revenue growth outpaced the rise in costs. The latest results come as India's luxury hospitality sector continues to benefit from strong domestic travel, premium tourism and business travel demand.Read more

3 hours ago

Maharashtra has approved the construction of 1,60,463 houses under the Pradhan Mantri Awas Yojana (Urban) 2.0 after more than 4.21 lakh beneficiaries registered on the unified web portal. During a review meeting, Chief Minister Devendra Fadnavis directed implementing agencies to speed up project execution while maintaining quality standards. The state also reviewed its housing stock management strategy and the proposed Housing Stock Portal, which aims to integrate available housing across multiple agencies and improve allotment for eligible beneficiaries, including several special categories.Read more

4 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) has allotted 108 returnable plots to 95 farmers from Undavalli village who had contributed land for the Amaravati capital city project. The allotment was carried out through a transparent online e-lottery process in the presence of the beneficiaries, with provisional certificates distributed after the draw. The plots were allotted under the Negotiated Settlement Policy and as compensation for land acquired for the Seed Access Road. Farmers were also advised to complete the registration process, with survey and GIS teams set to assist in identifying their allotted plots.Read more

4 hours ago

Builders FirstSource has lowered its 2026 revenue forecast after reporting weaker-than-expected second-quarter results, reflecting continued pressure in the US residential housing market. Lower housing starts, high home prices and elevated interest rates have affected demand for building materials, resulting in lower sales and earnings. The company has also revised its annual sales guidance to account for pricing challenges, commodity cost pressures and margin constraints. Despite these challenges, Builders FirstSource expects productivity initiatives to generate cost savings during 2026 as it continues to manage a difficult market environment.Read more

5 hours ago

The Mumbai Metropolitan Region Development Authority (MMRDA) has crossed a major construction milestone on the Orange Gate–Marine Drive underground road tunnel, with more than 650 metres excavated using a tunnel boring machine (TBM). Part of the INR 8,056 crore project, the twin-tube corridor is being developed to create a high-speed underground connection between the Eastern Freeway and Marine Drive. Once completed, the tunnel is expected to cut travel time across South Mumbai by up to 20 minutes while easing congestion on existing surface roads.Read more

5 hours ago

The Reserve Bank of India (RBI) has directed banks to strengthen their counterfeit currency detection systems after finding that some lenders were not adequately identifying and reporting fake Indian currency notes (FICNs). Banks have been instructed to install note authentication and sorting machines at branches located in districts along international borders, enhance staff training, and improve monitoring of counterfeit notes. The RBI has also set a deadline of October 31, 2026, for completing the training of all cash handling staff and asked banks to use counterfeit note data to identify hotspots and strengthen preventive measures.Read more

6 hours ago

The Enforcement Directorate (ED) has conducted searches at multiple premises linked to the Imperia Group in Delhi-NCR as part of an ongoing money laundering investigation into an alleged homebuyers' fraud. During the operation, the agency seized cash worth INR 50.50 lakh, three luxury vehicles and various documents and digital records. The probe centres on allegations that funds collected from homebuyers for residential projects were diverted, resulting in delays and financial losses for buyers across several housing developments.Read more

6 hours ago

Rightmove has lowered its revenue growth forecast for FY2026 after continued weakness in the UK new home market affected business expectations. The company said lower housing construction activity, increased competition from the resale market and cautious buyer sentiment have weighed on the sector. While revenue growth guidance has been revised downward, Rightmove has maintained its operating profit outlook and plans to return around GBP 400 million to shareholders over the next 12 months. The company is also facing legal costs linked to an ongoing competition lawsuit filed by estate agents.Read more

7 hours ago

The Lucknow Development Authority (LDA) has made the submission of valid fire safety certificates compulsory for obtaining building plan approvals in the city, strengthening compliance with fire safety regulations. The requirement applies to commercial and public-use buildings, while smaller structures will need affidavits and undertaking documents instead. The directive, issued in accordance with the Fire Safety and Emergency Services Act, 2022, requires applicants to secure a valid fire no-objection certificate (NOC) before construction begins. Existing buildings that are not covered under mandatory fire NOCs must also obtain fire safety certification following inspection by the Fire Department. The move is intended to improve fire safety standards across a broad range of building categories in Lucknow.Read more

7 hours ago

Real estate developers in West Bengal have urged the state government to withdraw the temporary restriction on high-rise construction as the deadline for structural safety audits expires. Industry representatives have argued that the blanket curb has delayed projects, disrupted construction schedules and affected employment across the sector despite many developments already complying with prescribed safety standards. The appeal follows the state government's decision to suspend approvals for taller buildings after concerns over structural safety. Developers have requested that projects meeting regulatory requirements be allowed to resume while authorities continue to scrutinise non-compliant buildings, warning that prolonged restrictions could have wider economic implications for the state's housing and construction industries.Read more

8 hours ago

The Sanmar Group has invested INR 100 crore in Chennai-based Aham Housing Finance, acquiring a controlling stake in the affordable housing lender. The capital infusion is expected to strengthen Aham's balance sheet, support branch expansion and enhance lending operations across underserved markets. The transaction marks Sanmar's entry into the housing finance sector as the diversified conglomerate broadens its presence in financial services. Aham Housing Finance will continue focusing on home loans for low- and middle-income households, particularly in semi-urban and rural regions.Read more

8 hours ago

The Bihar government has relaxed restrictions on the sale, purchase and transfer of land in proposed Greenfield Satellite Township areas after the final publication of their development plans. The move is aimed at providing relief to landowners while ensuring planned urban development is not affected. The revised policy allows land transactions under defined conditions and is expected to improve investor confidence without disrupting township projects. The state has been planning 11 Greenfield satellite townships to support urban expansion, ease pressure on existing cities and create modern, well-planned urban centres.Read more

8 hours ago

Buying a home involves far more than paying the quoted property price. In 2026, homebuyers must account for several additional expenses, including stamp duty, GST on under-construction homes, loan processing fees, legal documentation, maintenance deposits, parking charges and interior fit-outs. While these costs vary across states and projects, they can significantly increase the overall investment required. Industry estimates suggest that buyers should budget an additional 15–20% over the advertised property price to comfortably cover these mandatory and optional expenses before taking possession of a home.Read more

9 hours ago

Mortgage rates in the United States increased for the second consecutive week, with the average 30-year fixed-rate home loan reaching 6.76% in the week ended 24 July, close to its highest level in a year, according to the Mortgage Bankers Association (MBA). The rise follows higher US Treasury yields and renewed inflation concerns linked to escalating geopolitical tensions in the Middle East. Rates on 15-year fixed mortgages climbed to 6.15%, while five-year adjustable-rate mortgages increased to 5.98%. Higher borrowing costs also weighed on housing demand, with overall mortgage applications falling 6.4% during the week as refinancing and home purchase activity weakened amid ongoing affordability pressures.Read more

9 hours ago

TATA Starbucks is looking to strengthen its presence across both metropolitan markets and emerging high-growth cities as it continues its long-term expansion strategy in India. The company recently opened its first Starbucks Reserve store in South India, taking the total number of Reserve stores in the country to six. With more than 500 stores across over 80 cities, India has become one of Starbucks' fastest-growing markets globally. The company also reported 11 per cent year-on-year revenue growth in the first quarter of FY27, supported by strong same-store sales and continued customer demand.Read more

9 hours ago

Mumbai's luxury housing market recorded its strongest-ever first-half performance, with sales of homes priced at INR 10 crore and above reaching a record INR 18,512 crore during the first six months of 2026, according to a report by India Sotheby's International Realty and CRE Matrix. The growth was supported by higher transaction volumes and a steady rise in property prices. Demand remained concentrated in established premium locations, while the INR 20-40 crore segment continued to witness healthy traction. Worli emerged as the top-performing luxury micro-market during the period.Read more

10 hours ago

Tamil Nadu Chief Minister C. Joseph Vijay reviewed the progress of Chennai Metro Rail's Phase I and Phase II projects, inspecting key construction sites, operational facilities and the city's upcoming driverless metro corridor. During the visit, he travelled on the operational metro network, reviewed work on major infrastructure projects and assessed preparedness for future services. The inspection also covered last-mile connectivity, feeder transport and passenger facilities. The review comes as Chennai Metro continues work on its 118.9-km Phase II expansion, one of the country's largest urban transport infrastructure projects.Read more

10 hours ago

The Bank of England has kept its benchmark interest rate unchanged at 3.75 per cent after inflation in the UK slowed more than expected in June, giving policymakers time to assess the economic impact of rising geopolitical tensions in the Middle East. While most members of the Monetary Policy Committee supported maintaining rates, a few favoured a hike due to concerns over higher energy prices triggering fresh inflation. The central bank said future policy decisions would depend on how the energy shock affects inflation, wages and overall economic activity.Read more

11 hours ago

Chennai-based real estate developer Casagrand has entered the international property market with the launch of two residential developments in Dubai, together carrying an estimated gross development value of around INR 1,000 crore. The projects, located on Dubai Islands, represent the company's first overseas venture and form part of a broader strategy to establish a long-term presence in the UAE. The expansion reflects the growing interest of Indian developers in tapping global residential markets with strong investor demand.Read more

11 hours ago

The Bombay High Court has directed the Maharashtra government to submit details of inspections conducted by the Food and Drug Administration (FDA) at canteens and food establishments operated by government and semi-government institutions. The direction came while the court reviewed food safety enforcement practices, observing that regulatory standards should apply equally to both public and private establishments. The matter is expected to influence future monitoring and compliance mechanisms for institutional kitchens and public food facilities across the state.Read more

12 hours ago

Suraksha Group has completed construction of 7,913 apartments across 84 residential towers at Jaypee Wish Town in Noida, marking significant progress since taking over Jaypee Infratech through the insolvency process. The company has already secured occupancy certificates for 4,213 homes and has sought approvals for another 2,229 units. As part of its resolution plan, Suraksha Group is working to complete around 20,000 stalled homes while upgrading township infrastructure. The company said it is coordinating with authorities to obtain approvals and hand over homes to long-waiting buyers.Read more

12 hours ago

The Securities and Exchange Board of India (Sebi) has introduced the operational framework for GARUDA, a green channel mechanism aimed at simplifying and accelerating the launch of Alternative Investment Fund (AIF) schemes. The framework allows regular AIF schemes to be launched after a shorter processing timeline while creating a separate, simplified route for Accredited Investor-only funds, Large Value Funds and Angel Funds. Sebi has also strengthened disclosure requirements by defining the responsibilities of merchant bankers and AIF managers, while making it clear that filing a scheme document does not amount to regulatory approval.Read more

13 hours ago

India recorded 5,13,563 road accidents in 2025, resulting in 1,83,382 deaths, with over-speeding emerging as the leading cause, according to information shared in Parliament. Road Transport and Highways Minister Nitin Gadkari also provided updates on road safety, national highway maintenance, EV adoption, highway asset monetisation, and project awards. During the first half of 2026, more than 2.85 lakh road accidents were reported. The government said it is continuing highway maintenance, expanding road infrastructure, and increasing the share of electric vehicles while taking action against contractors for poor-quality work.Read more

13 hours ago

IRB Infrastructure reported a 51% year-on-year increase in its consolidated net profit for the first quarter of FY27, supported by higher revenues and steady toll collections. The company also announced an interim dividend of INR 60 crore for shareholders. Toll revenue grew 14% during the quarter, reflecting continued traffic growth across its operational road assets. The company said it remains focused on expanding its infrastructure portfolio and reiterated its long-term target of increasing its asset base to INR 1,40,000 crore by 2030.Read more

14 hours ago

CGH Earth is planning a major expansion as it aims to double its room inventory to 1,000 keys and increase its annual revenue to INR 1,000 crore by FY30. The hospitality company is focusing on an asset-light growth strategy by adding properties through management contracts and leases while investing around INR 100 crore. With projects underway in Gujarat and Madhya Pradesh and discussions progressing in Rajasthan, the company plans to strengthen its presence beyond southern India by developing hotels in heritage, wildlife and nature-based destinations.Read more

14 hours ago

Real estate developers Brigade Enterprises and Prestige Estates Projects have expanded their residential development pipelines through separate land acquisitions in Bengaluru and the Mumbai Metropolitan Region. Brigade has acquired a two-acre land parcel in East Bengaluru for a premium residential project with an estimated gross development value (GDV) of around INR 475 crore. Meanwhile, Prestige Estates has entered into a joint development agreement for a 14.6-acre land parcel in Thane, where it plans to develop a large mixed-use residential project with a projected GDV of approximately INR 4,500 crore.Read more

15 hours ago

The upcoming Gurugram Metro corridor will provide a direct interchange with Delhi Metro's Yellow Line at Millennium City Centre, significantly improving connectivity between the city's new metro network and the National Capital Region. The corridor will also include five interchange stations linking commuters to the Rapid Metro, railway network, bus services and the proposed Regional Rapid Transit System (RRTS). Officials say the integrated network is expected to reduce travel time, encourage public transport use and support seamless multimodal mobility across Gurugram.Read more

15 hours ago

The Andhra Pradesh government has approved an advance tariff subsidy of INR 1,381 crore for the state's three power distribution companies (DISCOMs) for the financial year 2026-27. The allocation includes separate grants for Andhra Pradesh Eastern, Southern and Central power distribution companies to support tariff subsidy payments. Following this approval, the Energy Department has retained a balance budget of INR 1,364 crore from the total allocation of INR 2,744.4 crore. The move is aimed at ensuring timely financial support to the utilities for maintaining power supply and meeting subsidy commitments.Read more

16 hours ago

National Australia Bank (NAB) has reported a 15% quarter-on-quarter decline in domestic home loan applications, indicating softer demand in Australia's housing market. The slowdown comes after tax reforms aimed at increasing housing supply and follows similar trends highlighted by other major lenders. While the bank's home and business lending books continued to expand, it also reported an increase in loans under close monitoring due to challenging business conditions. NAB said sectors such as construction, transport and storage were facing the greatest pressure, partly due to supply chain disruptions and higher freight costs linked to the conflict in the Middle East.Read more

16 hours ago

Reliance Infrastructure has received an arbitral award of approximately INR 157 crore in a dispute related to debt servicing for Mumbai Metro Line 1. The award pertains to claims arising from financial obligations associated with the metro project and is expected to strengthen the company's financial position. While the arbitration has concluded in Reliance Infrastructure's favour, the matter could still be subject to further legal proceedings under the applicable arbitration framework.Read more

17 hours ago

Indian Railway Finance Corporation (IRFC) reported a 10% year-on-year increase in net profit for the first quarter of FY27, supported by higher lease income and growth in overall revenue. The company recorded its highest-ever quarterly revenue, net worth and profitability despite a decline in interest income and a slight moderation in net interest margin. IRFC also maintained its zero non-performing asset (NPA) status while continuing to diversify beyond its traditional railway financing business. The company's net worth reached a record level, reflecting steady financial growth during the quarter.Read more

17 hours ago

Webuild has improved its financial outlook for 2026 and announced a cash offer worth around USD 338 million to acquire Italian construction company Trevi Finanziaria. The revised guidance projects revenue, operating profit and net cash to surpass 2025 levels, supported by a strong order backlog. The company said it remains cautious about providing long-term financial targets due to geopolitical uncertainties and inflationary pressures. Webuild also indicated it would remain disciplined on acquisitions to safeguard its financial position despite market speculation over further takeover opportunities.Read more

18 hours ago

Maharashtra has registered more than 4.21 lakh beneficiaries under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0, while approval has been granted for the construction of 1,60,463 houses under various housing verticals. During a recent review meeting, Chief Minister Devendra Fadnavis directed implementing agencies to accelerate project execution while maintaining construction quality and timelines. The state government also reviewed a housing stock management policy and is developing an integrated portal to streamline the allocation of homes available with agencies such as MHADA, CIDCO, MMRDA, BMC and SRA.Read more

18 hours ago

Juniper Green Energy has raised INR 539.4 crore from 31 anchor investors ahead of the launch of its INR 1,800 crore initial public offering (IPO), which is scheduled to open for public subscription on Thursday. The anchor book saw strong participation from domestic mutual funds, insurance companies, sovereign wealth funds and foreign investors, with domestic mutual funds accounting for nearly 75% of the allocation. The company plans to use the IPO proceeds mainly for debt repayment, funding its subsidiaries and meeting general corporate requirements as it continues to expand its renewable energy portfolio across India.Read more

19 hours ago

Kamdhenu reported a 34 per cent year-on-year increase in its consolidated net profit for the first quarter of FY27, supported by higher revenue and improved sales volumes. The company's revenue from operations and steel sales both registered steady growth during the quarter, driven by better performance across its product portfolio. Manufacturing volumes from both owned facilities and franchisee operations also increased compared to the corresponding period last year. The company remains optimistic about demand, citing the government's continued infrastructure and manufacturing push as a key growth driver for the steel sector.Read more

19 hours ago

The Rajasthan government has approved development proposals worth INR 196.39 crore for the financial year 2026-27 to accelerate infrastructure and welfare initiatives across the state's tribal regions. The sanctioned projects cover sectors including education, healthcare, drinking water, roads, livelihood generation and community infrastructure. The approval is aimed at improving socio-economic conditions in tribal-dominated districts through targeted public investment while supporting inclusive regional development and strengthening access to essential services.Read more

20 hours ago

Andhra Pradesh Information Technology Minister Nara Lokesh laid the foundation stone for Tata Power and Suzlon's renewable energy projects at Pattikonda in Kurnool district. With a combined investment of INR 5,750 crore, the projects will develop 800 MW of solar and wind power capacity. The investment is expected to strengthen the state's renewable energy infrastructure, support rising industrial power demand, and reinforce Andhra Pradesh's efforts to expand clean energy generation. The projects also align with the state's broader focus on attracting large-scale investments in the renewable energy sector.Read more

20 hours ago

Fashion and apparel brands accounted for 40% of retail leasing across India's major cities during the first half of 2026, according to CBRE India's latest Retail Figures report. The segment remained the largest contributor to retail space absorption as domestic and international brands continued to expand their physical store networks. Strong consumer demand, rising mall occupancy and sustained retailer confidence supported leasing activity, with premium malls and high streets emerging as preferred expansion destinations.Read more

02 Aug 2026

Delhi Lieutenant Governor Taranjit Singh Sandhu has directed authorities to adopt an integrated and future-ready approach for the development of Aerocity, highlighting its strategic link with Dwarka, one of the capital's emerging investment hubs. During a recent review, he stressed better coordination between the Delhi Development Authority (DDA) and GMR, along with a focus on sustainable infrastructure, water conservation, flood management, traffic planning and seamless last-mile Metro connectivity. The initiative aims to support Aerocity's growth as a major commercial, hospitality and transit hub while ensuring long-term urban resilience.Read more

02 Aug 2026

US retail real estate investment trust (REIT) Regency Centers has increased its full-year 2026 earnings guidance after reporting sustained leasing demand and rising rental rates across its grocery-anchored shopping centre portfolio. The company raised its forecast for National Association of Real Estate Investment Trusts (Nareit) funds from operations (FFO) and core operating earnings, reflecting resilient occupancy and rental growth despite broader economic uncertainty. Regency Centres, which owns 481 shopping centres leased to leading grocery chains and national retailers, reported second-quarter Nareit FFO of USD 1.21 per share, matching analysts' expectations. The updated outlook underscores the continued strength of necessity-based retail assets in the US commercial real estate market.Read more

02 Aug 2026

Tata Power Renewable Energy Ltd has commenced construction of its 800 MW renewable energy project in Andhra Pradesh with an investment of INR 5,750 crore. The project combines 400 MW of solar and 400 MW of wind capacity and is being developed under the state's Integrated Clean Energy Policy. Spread across 3,462 acres, the project is expected to create around 4,000 direct and indirect jobs while strengthening India's renewable energy infrastructure through Inter-State Transmission System connectivity and supporting the country's clean energy capacity expansion.Read more

02 Aug 2026

Building plan approvals in Jaipur have slowed after the Jaipur Development Authority (JDA) made Fire No Objection Certificates (NOCs) mandatory before granting final approval for eligible projects. The revised process, introduced under Rajasthan's Fire Safety Provisions-2026, requires applicants to first obtain an in-principle approval from JDA and then secure a Fire NOC from the Jaipur Municipal Corporation (JMC). Architects and industry stakeholders have raised concerns over procedural delays and lack of clarity, saying the new system has increased uncertainty for applicants and temporarily affected the submission of new building proposals.Read more

02 Aug 2026

State-owned NLC India Ltd has announced that its renewable energy subsidiary, NLC India Renewables Ltd (NIRL), has secured a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop a 900 MW solar power project in Gujarat. The project was awarded through a tariff-based competitive bidding process, with GUVNL set to procure the electricity generated from the facility. Established in 2023, NIRL is responsible for managing NLC India's renewable energy assets and expanding its green energy portfolio through the development of solar and other non-conventional power projects in India and overseas.Read more

02 Aug 2026

The Adani Group reported robust financial and operational performance for FY 2025–26, supported by growth across its infrastructure, logistics, energy, airports, ports and digital businesses. The Group highlighted record revenue and profit, major infrastructure milestones, expansion in data centres and continued investments in strategic sectors. Leadership also outlined a long-term strategy focused on artificial intelligence, organisational transformation and accelerated capital deployment to support India's infrastructure and economic development.Read more