7 minutes ago

The Union Cabinet has approved two major highway infrastructure projects in Delhi and Uttar Pradesh with a combined investment of around INR 14,115 crore. The projects include a six-lane tunnel connecting Dwarka Expressway to Nelson Mandela Marg in Delhi and a new access-controlled highway section between Kanpur and Kabrai in Uttar Pradesh. The projects are aimed at improving regional connectivity, reducing travel time, easing traffic congestion, and strengthening the National Highway network as the Centre continues to invest in transport infrastructure across the country.Read more

37 minutes ago

Bengaluru recorded a marginal 1% year-on-year increase in housing sales during the April–June quarter, with 15,285 residential units sold despite an 8% rise in average property prices, according to Anarock. The city outperformed the seven major Indian residential markets, where overall sales declined 6% amid global uncertainties. New housing launches in Bengaluru surged 41% to 21,670 units, with nearly 96% of the supply concentrated in the premium and luxury segments priced at INR 80 lakh and above. The increase in project launches helped sustain demand, although it also pushed unsold inventory to 79,180 units by the end of the quarter.Read more

1 hour ago

Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies, has secured a 236.22 MW utility-scale solar module supply contract for a major solar project in Flemingsburg, Kentucky. The modules will be manufactured at the company's facility in Brookshire, Texas, strengthening Waaree's presence in the US market. While the company did not disclose the value of the contract, the latest order adds to its growing international order book and reflects its continued focus on supplying domestically manufactured solar modules to support clean energy projects in the United States.Read more

1 hour ago

The Chandigarh Housing Board (CHB) has asked allottees to verify their outstanding dues through its online portal to improve transparency and facilitate timely payments. The initiative allows property owners to access updated financial details, including pending instalments, interest and other charges, before making payments. The board said the online verification system is intended to simplify the payment process, reduce disputes over dues and strengthen digital service delivery for residents across its housing schemes.Read more

2 hours ago

Haryana and Rajasthan have signed an agreement for the Yamuna Water Project to implement a long-pending drinking water supply initiative. The project will transport Rajasthan's allocated share of Yamuna water through underground pipelines, benefiting districts in both states. The agreement defines water allocation, cost-sharing, operations and maintenance, and dispute resolution mechanisms. It aims to improve water availability, support groundwater recharge through storage structures, and enable coordinated implementation with support from the Central Government.Read more

2 hours ago

Al Ramz Real Estate Company has signed an agreement with Oud Capital to establish a Shariah-compliant real estate investment fund with a target size of more than SAR 1 billion. The fund will be fully owned by Al Ramz and will finance the development of the company's residential projects. The development contract is valued at around SAR 391 million, with a development fee of approximately SAR 39 million. The three-year arrangement is expected to support the company's financial performance through 2029 while expanding its residential development portfolio.Read more

02 Jul 2026

International Holding Company (IHC) has shared a business update outlining key developments across its portfolio during the second quarter of 2026, ahead of its first-half financial results. The company said it continued to focus on disciplined investments, portfolio expansion and value creation across multiple sectors. During the quarter, IHC completed several strategic transactions, increased its exposure to emerging technologies, expanded its international presence and backed sectors such as real estate, energy and industrials. It expects its H1 2026 financial results to reflect the momentum built across its diversified businesses.Read more

02 Jul 2026

Delhi International Airport handled 7.5 million domestic-to-international transfer passengers during FY2025-26, reinforcing its position as India's largest aviation hub. Airport operator Delhi International Airport Limited (DIAL) attributed the growth to expanded airline connectivity, integrated terminal operations and improved transfer infrastructure. Domestic transfers remained the largest segment, while international connecting traffic also increased steadily. The figures highlight Delhi Airport's growing role in strengthening India's aviation infrastructure, regional connectivity and international passenger transit network.Read more

02 Jul 2026

Authorities in Raipur demolished 77 houses during an anti-encroachment drive in Nakti village near Swami Vivekananda Airport earlier this week, prompting protests from residents who claimed several homes had been built under government housing schemes and stood on ancestral land. The operation, undertaken jointly by the revenue department and the Raipur Municipal Corporation, cleared nearly nine hectares of government land that officials alleged had been under illegal occupation for years. While the administration said due legal procedures had been followed and rehabilitation had been arranged in Nava Raipur, villagers disputed the ownership claim, alleging the land was common grazing land recorded in their forefathers' names and questioning the demolition of houses constructed under state-backed housing programmes.Read more

02 Jul 2026

The Union Territory of Ladakh has begun work on India’s first Petroglyph Conservation Park at Sindhu Ghat in Leh to preserve centuries-old rock carvings threatened by development and natural degradation. The project will relocate vulnerable petroglyphs from across Ladakh to a dedicated conservation site, while promoting research, public awareness and heritage tourism. The initiative also includes collaboration between the Archaeological Survey of India and the Ladakh administration to strengthen long-term preservation of the region’s archaeological heritage.Read more

02 Jul 2026

Digital Realty has agreed to acquire Blackstone's stake in three data centres in Northern Virginia through a USD 3.5 billion cash-and-stock transaction, strengthening its presence in the world's largest data centre market. The acquisition comes as demand for hyperscale facilities continues to grow due to artificial intelligence (AI) and cloud computing. The deal covers three fully leased facilities with a combined IT capacity of 288 megawatts and is expected to support Digital Realty's earnings growth as the projects become operational over the next two years. The companies will also continue their partnership on other data centre investments.Read more

02 Jul 2026

The National Highways Authority of India (NHAI) has reduced its outstanding debt by 43 per cent over the past three years, even as highway project awards dropped to a seven-year low in FY26. NHAI’s debt declined to around INR 1.8 lakh crore from a peak of INR 3.35 lakh crore, while project awards fell amid tighter land acquisition and statutory clearance norms. The agency is prioritising financial discipline alongside economically viable highway development.Read more

02 Jul 2026

• APSEZ and the Mediterranean Shipping Company (MSC) Group have signed binding agreements worth USD 1.4 billion to expand their long-standing partnership in India's ports and logistics sector.
• As part of the deal, MSC will acquire a 50% stake in Adani Ennore Container Terminal Pvt. Ltd. (AECTPL), strengthening collaboration in container terminal operations.
• The two companies will also establish a 50:50 joint venture to develop and operate the North Tug Berth container terminal at Nhava Sheva, enhancing container handling capacity at one of India's busiest ports.
• The partnership is expected to improve port infrastructure, boost operational efficiency, support growing maritime trade and reinforce India's position as a major global logistics and shipping hub.Read more

02 Jul 2026

Air India Express is preparing to expand its international network by launching services to Georgia and exploring entry into Europe as part of its next growth phase. The Tata Group-owned airline is strengthening connectivity across West Asia, Southeast Asia and Central Asia while supporting expansion through fleet additions and network optimisation. The proposed routes form part of the carrier's strategy to widen its short- and medium-haul international footprint and complement the Air India Group's broader global network expansion.Read more

02 Jul 2026

Property registrations in Mumbai increased 16% year-on-year to 13,413 units in June, marking the highest level recorded for the month in the past 14 years, according to Knight Frank India. The registrations, based on data from the Maharashtra Department of Registrations and Stamps, cover transactions in both the primary and secondary property markets within the Brihanmumbai Municipal Corporation (BMC) limits. The strong performance comes despite a high base in the corresponding period last year, when 11,599 properties were registered. Knight Frank attributed the growth to sustained end-user demand and continued confidence among homebuyers, reflecting the resilience of Mumbai's residential market.Read more

02 Jul 2026

Thailand’s government has decided to extend reduced ownership transfer and mortgage registration fees for another year in an effort to support the country's struggling property sector. The concession, which lowers both fees to 0.01% for eligible residential properties, will now remain in effect until June 2027. The move is aimed at encouraging home purchases, easing financial pressure on buyers, and helping revive demand in the real estate market, which continues to face challenges from weak economic conditions and slower property transactions.Read more

Mumbai News Desk

02 Jul 2026

A 51-year-old pedestrian died after a third-floor balcony of a MHADA cessed building collapsed in Walkeshwar, South Mumbai, amid the monsoon. The incident has renewed concerns over the structural condition of ageing cessed buildings and the pace of repairs and redevelopment. Civic authorities have launched an investigation, while the tragedy has drawn attention to the risks posed by deteriorating building infrastructure during the rainy season.Read more

Patna News Desk

02 Jul 2026

The Patna Metro will extend passenger services up to Malahi Pakri station from July 2, marking the next milestone in Bihar's urban transit project. The newly commissioned stretch has received the necessary safety clearances and is expected to improve connectivity in eastern Patna while reducing travel time for daily commuters. The state government has also directed officials to implement comprehensive traffic management measures around the corridor ahead of the launch. The extension is expected to enhance public transport accessibility and support the city's expanding urban mobility network.Read more

02 Jul 2026

Bharat Petroleum Corporation Ltd. (BPCL) will acquire a 40% stake in Tiki Tar and Shell India Private Ltd. (TTSIPL) for INR 85 crore to strengthen its presence in the value-added bitumen segment. The acquisition, approved by the Department of Investment and Public Asset Management (DIPAM), will enable BPCL to offer specialised bitumen products used in highways, airports and urban infrastructure projects. The company expects the partnership to support growing demand for advanced road construction materials driven by India's expanding infrastructure pipeline.Read more

02 Jul 2026

• Heavy rainfall continued across Mumbai, Thane and Palghar for the second consecutive day, leading to widespread waterlogging, traffic congestion and disruptions to suburban train services.
• Several low-lying areas witnessed inundation, while road traffic slowed significantly due to flooding and poor visibility during peak hours.
• Three flights were temporarily diverted because of adverse weather before returning to Mumbai as conditions improved.
• The India Meteorological Department (IMD) has forecast heavy to very heavy rainfall accompanied by gusty winds over Mumbai and its suburbs during the next 24 hours.Read more

02 Jul 2026

Prestige Group has signed a Letter of Intent (LOI) with HSBC to develop a new integrated office campus at Prestige JRC Signature Towers on Bengaluru's Outer Ring Road. Under the proposed 20-year arrangement, HSBC will occupy around 1.2 million sq ft across two office towers, reflecting sustained demand for premium office space in India's leading commercial markets. The project, which is currently under construction and expected to be completed by October next year, is subject to definitive agreements and regulatory approvals. The move also strengthens Bengaluru's position as a preferred destination for global capability centres (GCCs).Read more

02 Jul 2026

Curbline Properties has priced an underwritten public offering of 10 million common shares, expected to generate gross proceeds of around USD 308.5 million before expenses. The offering has been structured through forward sale agreements with major financial institutions and is scheduled to close on July 1, subject to customary conditions. The REIT plans to use the proceeds received upon settlement for general corporate purposes, including property acquisitions, working capital, capital expenditure and debt repayment, as it continues to expand its convenience shopping centre portfolio.Read more

02 Jul 2026

The Maharashtra government has announced plans to expand CCTV coverage and strengthen police patrolling across Mumbai's suburban railway network following the fatal stabbing of a commuter on a local train. Responding to the incident in the state assembly earlier this week, Minister of State for Home Yogesh Kadam said the accused was identified and arrested within 15 hours using CCTV footage and Facial Recognition System (FRS) technology. The government has also approached the Centre to increase CCTV installations across the suburban rail network. Alongside enhanced surveillance, the state plans to improve emergency medical response, intensify intelligence-led policing and continue preventive safety initiatives to protect millions of daily rail commuters.Read more

Vriti Gothi

02 Jul 2026

Indian REITs have emerged as one of the country's fastest-growing real estate investment vehicles, with market capitalisation rising from INR 264 billion in FY20 to nearly INR 1.6 trillion in FY25. Since their inception, the country's listed REITs have distributed more than INR 29,100 crore to investors and currently offer yields of around 6-7%, among the highest globally. However, headline distributions reveal only part of the story. Occupancy levels, tenant quality, lease tenures, cash flow generation and debt management ultimately determine a REIT's ability to sustain and grow returns. As India's REIT market continues to mature, understanding these metrics is becoming essential for investors seeking to assess value, compare opportunities and identify long-term income-generating assets.Read more

Mumbai News Desk

02 Jul 2026

• The proposed redevelopment plan for Motilal Nagar in Goregaon has come under scrutiny after authorities identified several deficiencies requiring revision before further approvals.
• The observations relate to planning, infrastructure, traffic management and compliance aspects, with officials seeking additional technical details and modifications to the proposal.
• Authorities have directed the project proponent to address the shortcomings through revised plans and supporting documentation before the proposal can move forward.
• The review highlights the emphasis on ensuring that one of Mumbai's largest redevelopment projects meets planning, safety and regulatory standards before implementation.Read more

02 Jul 2026

American Overseas Group reported a decline in its first-quarter net income as lower net earned property and casualty premiums and higher operating expenses weighed on its financial performance. While gross written premiums and fee income increased during the quarter, the fall in earned premiums impacted overall earnings. The company also continued its capital management strategy by reducing outstanding debt by USD 3.4 million. Looking ahead, American Overseas Group said it intends to further lower its leverage unless more attractive capital allocation opportunities arise.Read more

02 Jul 2026

• The Odisha Real Estate Appellate Tribunal (OREAT) has ruled that the Odisha Real Estate Regulatory Authority (ORERA) cannot retain the entire project registration fee if an application is rejected or withdrawn after the prescribed period.
• Calling the practice arbitrary and without legal backing, the tribunal directed ORERA to refund the fees in two cases after deducting 12% towards administrative expenses.
• The tribunal observed that registration fees under the Real Estate (Regulation and Development) Act are regulatory in nature and cannot be treated as a penalty.
• OREAT also recommended that ORERA introduce a transparent refund mechanism for rejected or withdrawn applications to avoid similar disputes in the future.Read more

02 Jul 2026

• The proposed Paliyam Thuruth-Kadamakkudy bridge in Kerala has received in-principle approval for its alignment, clearing a major hurdle for the long-pending connectivity project.
• Authorities have agreed on acquiring a small portion of land belonging to the Kochi Water Metro without affecting its future expansion plans.
• The bridge is expected to improve connectivity between Kadamakkudy and neighbouring areas, providing easier access to NH-66 and reducing dependence on ferry services.
• The proposal will now require Cabinet approval before land acquisition and construction activities can commence.Read more

Nagpur News Desk

02 Jul 2026

• Maharashtra has infused another INR 30 crore into the Nagpur Metro Phase-II project, taking its total equity contribution to INR 607 crore.
• The latest funding means the state has released over 60% of its committed equity share of INR 998.20 crore for the metro expansion.
• Nagpur Metro Phase-II spans 43.80 km and will improve connectivity to Kanhan, Butibori, Hingna and Transport Nagar, supporting the city's expanding urban areas.
• The project has also received approval for a 1.4-km extension of the Kamptee corridor, while construction and land acquisition continue across multiple sections.Read more

02 Jul 2026

• The Ministry of Road Transport and Highways has notified user fee collection for the 71.7-km Phase-1 Bengaluru–Bethamangala section of the NE-7 Greenfield Expressway in Karnataka.
• Four toll plazas, including three interchange plazas, have been designated under a closed user fee collection system, with toll charges linked to the actual distance travelled.
• The notification also provides for concessional passes for frequent users, distance-based tolling and additional charges for overloaded vehicles.
• The Phase-1 project has an estimated capital cost of INR 8,431.15 crore, with toll rates to be revised annually in accordance with National Highways Fee Rules.Read more

02 Jul 2026

Before India’s cities became defined by glass towers, metro networks and dense skylines, urban life was slower, more personal and deeply community-driven. Streets were less congested, homes were mostly low-rise, and neighbourhoods shaped everyday routines more than infrastructure did. From industrial centres like Coimbatore and Nagpur to emerging state capitals such as Bhubaneswar and Raipur, most cities were still evolving at ground level. This list revisits 10 Indian cities and how life, culture and movement functioned before skyscrapers reshaped their identity.Read more

02 Jul 2026

Swiss healthcare real estate company Infracore has finalized the pricing of its initial public offering (IPO) at 54 Swiss francs per share, valuing the company at around USD 1 billion. The listing is expected to begin on or around July 9 on the Swiss stock exchange. The company plans to raise approximately 200 million Swiss francs, with the proceeds to be used for acquiring additional hospital properties and repaying shareholder loans. Majority shareholder Medical Properties Trust may sell additional shares if investor demand exceeds the shares being offered.Read more

02 Jul 2026

• Air China and Singapore Airlines have signed a Memorandum of Understanding (MoU) to establish a commercial joint venture aimed at strengthening cooperation and enhancing connectivity between Singapore, China and other international destinations.
• The partnership will explore expanding codeshare services, coordinating flight schedules, introducing joint fare products and pursuing revenue-sharing arrangements, subject to regulatory approvals.
• Both airlines also plan to strengthen collaboration between their frequent flyer programmes, allowing members to enjoy more opportunities to earn and redeem miles across both networks.
• The agreement is expected to improve travel options, support tourism and business travel, and strengthen economic and people-to-people ties between Singapore and China.Read more

02 Jul 2026

The Union Cabinet has approved an additional investment commitment of INR 30,000 crore to the National Investment and Infrastructure Fund (NIIF), doubling the Government of India's total allocation to INR 60,000 crore. The fresh capital will support the launch of NIIF Infrastructure Fund II and future investment strategies focused on transportation, energy, digital infrastructure, urban infrastructure and electric mobility. Managed by National Investment and Infrastructure Fund Ltd (NIIFL), the sovereign-backed investment platform currently oversees capital commitments of around INR 40,000 crore and has returned nearly INR 12,000 crore to investors through portfolio exits. The additional allocation is expected to catalyse private investment in nationally significant sectors and strengthen India's long-term infrastructure financing ecosystem.Read more

02 Jul 2026

• Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu visited the remote Bara Bhangal region after nearly 15 years, becoming the first Chief Minister to stay overnight in the area.
• During the visit, he interacted with residents, farmers and sheep rearers, reviewed local challenges and reaffirmed the government's commitment to improving infrastructure and public services in the region.
• The Chief Minister highlighted initiatives to promote natural farming and informed residents about enhanced Minimum Support Prices (MSPs) for agricultural produce and wool.
• The visit formed part of the state's 'Sarkar Gaon Ke Dwar' initiative, aimed at improving governance and development in remote and inaccessible areas.Read more

02 Jul 2026

Barclays has acquired a 999-year lease for its global headquarters at One Churchill Place in London's Canary Wharf for GBP 750 million (USD 992.8 million), strengthening its long-term presence in the financial district. The transaction extends the bank's control of the property well beyond the expiry of its existing lease in 2039 and is expected to have a broadly neutral impact on its capital ratio and earnings. The move also reflects improving confidence in Canary Wharf, where office leasing activity has picked up after a prolonged slowdown following the pandemic.Read more

02 Jul 2026

Private airport operators have urged the Centre to withdraw the temporary 25 per cent reduction in landing and parking charges for domestic airlines, arguing that the relief has outlived its purpose and is affecting airport finances. They said prolonged concessions could constrain debt servicing and delay infrastructure expansion projects. The operators maintained that easing fuel cost pressures and improving operating conditions no longer justify the temporary measure introduced during the West Asia crisis.Read more

02 Jul 2026

• The Andhra Pradesh government has approved a special incentive package for M/s NAN MagneTech to establish a INR 1,250 crore rare earth permanent magnet manufacturing facility in Nellore district.
• The greenfield project will come up on 25 acres at Naidupeta Industrial Park, generate around 400 jobs and is targeted for commissioning by June 2028.
• The project is expected to strengthen India's domestic rare earth magnet manufacturing capabilities while positioning Andhra Pradesh as a key processing hub for the ASEAN and Indo-Pacific region.
• The state has sanctioned a customised package of incentives, including capital subsidy, power and water reimbursements, and land-related concessions, subject to investment milestones and policy conditions.Read more

02 Jul 2026

• The National Highways Authority of India (NHAI) has successfully defended an arbitration case related to the six-laning of the Kamrej-Chalthan section of NH-48 in Gujarat, significantly reducing the contractor's claim.
• Against claims worth approximately INR 174.49 crore, the Arbitral Tribunal awarded only INR 54 lakh, resulting in substantial savings of public funds.
• NHAI relied on digital project records, drone imagery and technical documentation to establish that adequate land was available and that the contractor had failed to execute key components of the project.
• The outcome highlights the growing role of technology-driven project monitoring, robust contract management and evidence-based dispute resolution in infrastructure development.Read more

02 Jul 2026

The International Financial Services Centres Authority (IFSCA) has proposed a unified Know Your Customer (KYC) framework for GIFT IFSC to streamline client onboarding across regulated entities. The draft framework introduces a unique client identification number and mandatory integration with KYC Registration Agencies (KRAs), allowing verified KYC records to be reused across institutions. The proposal aims to eliminate duplicate verification, strengthen regulatory compliance, reduce onboarding time and enhance ease of doing business within India's international financial services hub.Read more

Delhi News Desk

02 Jul 2026

Delhi has revived the Public-Private Partnership (PPP) model for in-situ slum redevelopment under its new rehabilitation policy, but the prolonged experience of Kathputli Colony has highlighted the challenges of large-scale urban renewal. More than a decade after thousands of families were shifted to transit accommodation, many beneficiaries are still awaiting permanent homes. The project, once envisioned as a model for slum rehabilitation, has become a reminder of how delays in execution can affect livelihoods, community networks and public confidence even as the government prepares to replicate the approach elsewhere.Read more

02 Jul 2026

India Infrastructure Finance Company Ltd (IIFCL) is preparing to raise a USD 1 billion foreign-currency loan from overseas investors while simultaneously negotiating an additional USD 400 million loan from the Asian Development Bank (ADB), as it expands long-term funding for infrastructure financing. The proposed borrowing, which would be the state-owned lender's largest foreign-currency loan to date, follows recent Reserve Bank of India measures encouraging overseas borrowings to improve dollar inflows. The fundraising programme also includes plans for a blended finance facility and the company's first dollar-denominated bond, strengthening its resource mobilisation strategy to support infrastructure projects across sectors.Read more

Mumbai News Desk

02 Jul 2026

The redevelopment of Mumbai's Arthur Road Jail has been delayed as the Mankhurd transit prison, built to house inmates during construction, is nearing full capacity. The Maharashtra government requires additional transit accommodation before shifting prisoners and beginning redevelopment of the ageing central Mumbai jail. The project forms part of the state's broader prison modernisation programme aimed at addressing overcrowding, improving inmate facilities and unlocking prime government-owned land for planned redevelopment.Read more

02 Jul 2026

• Uttar Pradesh is strengthening its infrastructure and digital governance framework as part of its strategy to become a USD 1 trillion economy, with a focus on improving connectivity, ease of doing business and public service delivery.
• The state is expanding its network of expressways, airports, waterways, logistics hubs and defence manufacturing corridors to attract investments, improve regional connectivity and generate employment.
• The government believes sustained investments in physical infrastructure, technology-driven governance and industrial development will strengthen economic growth and help achieve its long-term development goals while contributing to the vision of Viksit Bharat.Read more

02 Jul 2026

Force Motors has signed a memorandum of understanding (MoU) with the Ministry of Road Transport & Highways (MoRTH) to participate in the Centre's commercial vehicle replacement scheme for Delhi-NCR. Under the initiative, the company will offer OEM benefits through its authorised dealerships to eligible customers replacing older commercial vehicles. The scheme, approved by the Union Cabinet earlier this month with an outlay of INR 9,585 crore, aims to replace around 2.07 lakh BS-IV and older trucks and buses with BS-VI-compliant or electric vehicles to reduce emissions and modernise the region's commercial vehicle fleet.Read more

02 Jul 2026

The Uttar Pradesh Tourism Department has approved an INR 1.04 crore project to develop the origin of the Gomti River at Kalinagar Tehsil in Pilibhit district into a tourism and spiritual destination. An initial allocation of INR 78 lakh has already been released, with the Uttar Pradesh State Tourism Development Corporation (UPSTDC) appointed as the implementing agency. The project will introduce visitor infrastructure, including a multipurpose hall, landscaped gardens, pathways and solar-powered amenities, while improving facilities for pilgrims and tourists. The initiative aims to preserve the site's cultural and religious significance and promote nature-based tourism around Gomat Tal, the river's source, which flows nearly 960 km across Uttar Pradesh before joining the Ganga in Ghazipur.Read more

02 Jul 2026

Al-Mazaya Holding Company has taken another step towards its proposed merger with Waterfront Real Estate after its board approved the fair valuation report prepared by the appointed asset valuer and investment adviser. The board also decided to proceed with the merger by completing the required procedures and taking all necessary actions. The latest development follows the companies' preliminary agreement announced last year to study a merger by amalgamation, with Al-Mazaya expected to remain the merging entity and Waterfront Real Estate the merged company.Read more

02 Jul 2026

RITES Ltd. and Container Corporation of India (CONCOR) have signed a Memorandum of Understanding (MoU) to collaborate on Project Management Consultancy (PMC) services for logistics infrastructure projects across India. Under the agreement, RITES will provide end-to-end consultancy services from feasibility studies and detailed project reports to engineering, project supervision, quality assurance and construction management for projects entrusted by CONCOR. The partnership will support the development of multimodal logistics parks, inland container depots, rail-linked terminals, warehouses and allied infrastructure. By combining their expertise, the two Navratna public sector enterprises aim to accelerate project execution, strengthen multimodal connectivity and improve the efficiency of India's logistics network.Read more

02 Jul 2026

The boards of Power Finance Corporation (PFC) and REC have approved a merger scheme that will create a combined financing entity with a loan book exceeding INR 11 lakh crore, strengthening India's power sector financing ecosystem. Under the approved share exchange ratio, REC shareholders will receive 88 PFC equity shares for every 100 REC shares held, subject to shareholder, creditor and regulatory approvals. The merger is also contingent upon the merged entity continuing to qualify as a Government Company with majority government ownership, and is expected to enhance financing capacity for the country's expanding power and infrastructure sectors.Read more

02 Jul 2026

• Godrej Properties has acquired a 47-acre land parcel in South Chennai through an outright purchase, expanding its residential development portfolio in one of the city's fastest-growing corridors.
• The project will primarily comprise plotted residential developments with an estimated developable potential of 1.2 million sq ft and a revenue potential of around 500 crore.
• Located off Old Mahabalipuram Road (OMR), the site offers connectivity to major employment hubs, including SIPCOT and the Siruseri IT corridor, along with established social infrastructure.
• The acquisition aligns with Godrej Properties' strategy of expanding in high-growth residential markets by developing well-planned communities in locations driven by infrastructure growth and sustained housing demand.Read more