5 minutes ago

A service lane along the Delhi-Jaipur Highway in Gurugram will remain closed for nearly two months from August 18 to facilitate construction of a reinforced cement concrete stormwater drain. The Gurugram Metropolitan Development Authority (GMDA) is undertaking the work along the highway and sectors 76 to 80 to improve drainage and address waterlogging concerns. The closure is expected to affect local traffic movement, particularly commuters using the service road. Authorities have advised motorists to follow traffic directions and use alternative routes where necessary while the drainage infrastructure is being constructed.Read more

35 minutes ago

The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of alleged dubious transactions involving Indiabulls Housing Finance Ltd (IHFL), now known as Sammaan Capital Ltd, and related entities. The court said the CBI must independently examine five allegations already looked into by the Delhi Police Economic Offences Wing (EOW), while a Mumbai special court will consider the agency’s request to investigate the sixth allegation involving the alleged routing of INR 1,575 crore. The case relates to allegations including suspicious loans, fund diversion, share-price manipulation and loan evergreening.Read more

1 hour ago

The Brihanmumbai Municipal Corporation (BMC) has proposed an underground pedestrian vestibule costing approximately INR 702.44 crore to connect the Mahalaxmi Racecourse and Science Centre Metro station area with the Coastal Road and Worli Promenade. The proposal, now before the Standing Committee, designates the BMC as primary funding agency while the Mumbai Metropolitan Region Development Corporation (MMRCL) will implement the project. The Congress party has questioned the funding structure, citing the civic body's existing financial liabilities.Read more

1 hour ago

Global investment firm Bain Capital has sold a 5.64% unitholding in Bengaluru-based Embassy Office Parks REIT for INR 2,325.28 crore through open market transactions. The transaction involved 5,34,51,142 units sold by Bain Capital affiliate APAC Company XXIII Ltd at prices ranging from INR 435.01 to INR 435.05 per unit. The sale comes as Embassy REIT plans to acquire 10–12 million sq ft of office space over the next three to four years while developing another 6.2 million sq ft at a cost of INR 3,500 crore. The REIT operates more than 52 million sq ft across five major office markets. Its first-quarter FY2027 net operating income rose 17% year-on-year to INR 1,020 crore, while revenue from operations increased 17% to INR 1,241 crore.Read more

2 hours ago

The Lucknow Municipal Corporation (LMC) has introduced a one-time settlement (OTS) scheme to recover outstanding house, water and sewerage taxes from 2,24,749 buildings across eight zones of the city. The dues total around INR 1,500.76 crore, including INR 724.76 crore in arrears, INR 497.41 crore in pending dues and INR 278.58 crore in interest. The scheme, which began on August 15, offers a 100% waiver on accumulated interest and surcharges for eligible residential, non-residential and government properties with dues outstanding as of April 1, 2026. Applications can be filed online or offline until November 14, while the scheme will remain operational until December 15. Taxpayers with dues exceeding INR 1 lakh can pay the amount in three instalments.Read more

2 hours ago

The Kerala government will lease 18.16 acres of land on an island near Kochi city to Cochin Shipyard for a ship block building project involving an investment of around INR 5,000 crore. The project is expected to create about 2,000 direct jobs and generate additional indirect employment. The state will receive an annual lease amount of INR 1.45 crore, which will rise to around INR 1.70 crore including GST. The proposal, which had remained pending for some time, was cleared after discussions with Cochin Shipyard. The project is also expected to support Kerala’s shipbuilding sector and attract further investment.Read more

3 hours ago

Pune’s expanding Metro network and the proposed High Capacity Mass Transit Route (HCMTR) are being planned together at more than 20 points where the two elevated transport corridors will intersect. Under the proposed arrangement, the Metro viaduct will pass above the HCMTR road, allowing both systems to operate without requiring one corridor to be diverted. The coordination is part of efforts to integrate Pune’s major public transport and road infrastructure projects. The HCMTR, planned as an elevated six-lane corridor, is expected to improve citywide connectivity and reduce traffic congestion.Read more

3 hours ago

The Allahabad High Court has criticised the Uttar Pradesh government for taking possession of land belonging to the Shri Thakur Ram Jankiji deity at Sugriv Kila in Ayodhya, acquired for development around the Ram Janmabhoomi Temple, without paying the agreed sale consideration. A sale deed for 1,512 square metres was executed in December 2023 for approximately INR 1.38 crore, but the court noted the state had taken possession while simultaneously disputing the deity's title to the land. The court described the sequence of events as appearing deliberately engineered to delay payment.Read more

4 hours ago

The National Highways Authority of India's rollout of Multi-Lane Free Flow (MLFF) barrier-less tolling has led to a marked decline in electronic notices issued for unpaid tolls, as road users increasingly maintain active, sufficiently funded FASTags to avoid penalties. The system, first launched at Chorayasi toll plaza on NH-48 in Gujarat on 1 May 2026, has since been extended to plazas including Mundka Bakkarwala, Gharaunda, Daulatpura and Shahjahanpur, using ANPR camera technology to deduct tolls without requiring vehicles to stop.Read more

4 hours ago

Keemti Jewels, the lab-grown diamond jewellery brand founded by Armaan Kothari and backed by the Kothari Group, Nikhil Kamath and Kavin Shah, has opened 11 stores within four months of its launch. The brand is now targeting a network of 88 stores by December 2026 as it expands across metros and Tier 2 cities. Its retail presence currently spans Mumbai, Pune, Indore, Delhi and Gurgaon. Keemti is following an omnichannel model combining physical stores, e-commerce and marketplaces, while using the Kothari Group's manufacturing experience to offer certified lab-grown diamond jewellery through a direct-to-consumer model.Read more

5 hours ago

Aedifica NV is investing EUR 20 million in the development of two care homes in Finland as part of its continued expansion in European healthcare real estate. The projects are expected to generate an initial yield of more than 6.5%. Finland remains one of Aedifica’s key markets, with the company already holding a sizeable portfolio of care homes and other specialised healthcare properties in the country. The latest investment adds to a series of development projects announced by Aedifica in Finland this year, reflecting its focus on expanding its healthcare property portfolio through new developments.Read more

5 hours ago

The Master Plan of Delhi for 2047 proposes using the city's existing canals and drains to generate solar and hydro energy, as part of a broader push to increase renewable energy capacity. The plan also recommends expanding the agriculture-cum-solar farm scheme, installing solar panels on government and institutional buildings, and gradually shifting the power needs of public facilities such as metro stations, airports, railway stations and bus depots to renewable sources. The proposal also includes underground power transmission networks across Delhi, with land pooling areas to be prioritised.Read more

6 hours ago

Hyatt-affiliated luxury hospitality firm Juniper Hotels has outlined an expansion plan involving capital expenditure of approximately INR 2,000 crore, aimed at nearly doubling its room inventory from around 1,836 keys to 4,000 keys by FY31. The growth strategy combines greenfield developments in Bengaluru, Guwahati and Kaziranga, a leasehold hotel project in Delhi's Dwarka, and selective acquisitions, including a potential buyout of the distressed JW Marriott Bengaluru through the insolvency resolution process. The company also plans new brand tie-ups to diversify its premium hospitality portfolio.Read more

6 hours ago

Ayala Corporation has purchased 600,000 common shares of Ayala Land Inc. at an average price of 15.180 Philippine pesos per share, according to a Reuters report. The transaction increases Ayala Corporation's holding in its real estate subsidiary, although the latest transaction alone represents a relatively small addition to its overall stake. Ayala Land is one of the Philippines' largest property developers, with operations spanning residential and commercial development, estates, offices, retail, hotels and other real estate businesses. Ayala Corporation remained the company's controlling shareholder, with an effective ownership of 51.85% as of the end of 2024.Read more

7 hours ago

The National Highways Authority of India (NHAI) has expanded the online FASTag Local Pass facility to 121 toll plazas across the country, allowing eligible commuters to apply for monthly passes through the Rajmargyatra Mobile App. The facility removes the need to visit toll plazas physically or submit documents manually. Commuters living within 20 km of an eligible toll plaza can apply online, with their residential address and vehicle details verified through DigiLocker, VAHAN and GIS-based checks. The initiative is aimed at making local toll travel more convenient while improving transparency and efficiency in toll operations.Read more

7 hours ago

Hyderabad-based Active.in is targeting a turnover of INR 250 crore in financial year 2026-27, following revenue of INR 187 crore in the previous financial year. The company plans to add 15 franchise outlets across South India and Bhubaneswar over the next 12–18 months as it expands its reach across residential, commercial and infrastructure markets. Its expansion plans include a new showroom in Bengaluru and a manufacturing facility in Karnataka. Active.in is also investing in powder coating, glass processing and surface coatings to strengthen its manufacturing capabilities and support its long-term goal of becoming an INR 1,000 crore business.Read more

8 hours ago

The Mithapur-Sipara stretch of Patna's Mithapur-Mahuli-Punpun elevated corridor is likely to open this month, completing the final missing link of the wider project connecting southern Patna to National Highway 30 and NH-22. Once operational, travel across the roughly nine-kilometre Mithapur-Mahuli stretch is expected to take seven to eight minutes, down from nearly an hour previously. The Bhupatipur-Punpun section of the corridor, built at a cost of around INR 1,105 crore, was inaugurated by Bihar Chief Minister Nitish Kumar in mid-2025.Read more

8 hours ago

Manipal Health Enterprises will acquire the entire operations and assets of Kinder Women’s Hospital in Bengaluru for a cash consideration of INR 130 crore. The healthcare provider has signed a Business Transfer Agreement with Kindorama Healthcare Private Limited for the transaction, which covers the hospital in Doddanekundi. The deal does not involve any share acquisition. The addition of the hospital will strengthen Manipal Hospitals’ presence in Bengaluru’s Whitefield micro-market and expand its healthcare network and clinical capabilities in one of the city’s growing healthcare markets.Read more

9 hours ago

ReNew Energy Global Plc reported a 16% year-on-year increase in net profit to INR 595.3 crore in the April-June quarter of FY27, supported by higher revenue from power sales and its solar module and cell manufacturing business. Total revenue rose to INR 4,786.4 crore, while revenue from power sales increased to INR 2,674.9 crore. The company’s overall portfolio stood at 20.5 GW, including battery energy storage capacity, while commissioned capacity reached 13.1 GW before a subsequent addition of 466 MW. ReNew is also expanding its solar cell manufacturing capacity by another 4 GW.Read more

9 hours ago

The Tamil Nadu Registration Department has made its ‘Anywhere Registration’ system mandatory for the first sale of plots and flats from August 17, removing the requirement for buyers, builders and developers to visit Sub-Registrar Offices for these transactions. The first phase covers first-sale plot registrations by developers, along with the corresponding deposit of title deeds, and first-sale apartment registrations by builders with linked mortgage documents. Applicants must create dedicated portal logins, upload Aadhaar details, complete fingerprint or iris-based authentication, submit photographs and make payments online. The initiative is intended to reduce physical footfall at registration offices, improve transparency and distribute workloads more evenly. The state has also amended provisions under the Registration Act, 1908, to provide legal validity to digitally registered documents.Read more

19 Aug 2026

Four buildings in Gurugram’s DLF Phase III were sealed during an enforcement drive against unauthorised construction, illegal paying guest (PG) facilities, guest houses and encroachments. The Town and Country Planning Department also demolished unauthorised structures in a stilt parking area and cleared around 1.5 km of road right of way. In one building, around 500 square metres of parking space had been converted into rooms and other facilities. Officials said stilt areas cannot be enclosed or used for purposes beyond those permitted under building regulations.Read more

19 Aug 2026

Gujarat Cotex Ltd is expanding beyond its textile business by entering the infrastructure and real estate sectors through a new division, Prabhat Infratech. The division will undertake residential, commercial and apartment development projects, with an initial focus on Surat and emerging growth centres such as Dholera Smart City. The company said the diversification is aimed at creating additional long-term business platforms and revenue streams. The move will allow Gujarat Cotex to explore development opportunities in locations where infrastructure expansion and economic activity are expected to support demand for residential and commercial projects.Read more

19 Aug 2026

Haryana’s Department of Town and Country Planning (DTCP) has rejected a representation by Advance India Projects Ltd (AIPL) seeking cancellation of the licence and developer change approvals for Oberoi Realty’s Three Sixty North project in Gurugram. In an order dated August 13, DTCP held that Licence No. 69 of 2025 and the June 2025 approval transferring development rights to Oberoi Realty remain legally valid. The decision follows directions from the Punjab and Haryana High Court to decide AIPL’s representation. With the DTCP order, restrictions on fresh allotments and creation of third-party rights have ceased to operate.Read more

19 Aug 2026

Scandinavian Airlines (SAS) is set to resume regular services between India and Scandinavia with five weekly non-stop flights connecting Mumbai and Copenhagen. The service, scheduled to begin in October, will be operated using a 226-seat Airbus A330 and will restore the airline’s direct presence in India after its earlier withdrawal from the market. SAS had initially planned to restart the route earlier this year, but its inaugural flight was forced to return to Copenhagen because the required final regulatory approval had not been secured. The renewed service is expected to improve direct connectivity for business and leisure travellers.Read more

19 Aug 2026

Canadian home sales increased for the fourth consecutive month in July, while home prices recorded their first monthly rise since late 2024, according to data from the Canadian Real Estate Association (CREA). Sales rose 0.5% from the previous month, although they remained 5.3% lower than a year earlier on an unadjusted basis. CREA’s Home Price Index increased 0.1% month-on-month but was still down 3.3% year-on-year. New listings declined for a third straight month, bringing the market closer to its long-term balance between supply and demand.Read more

19 Aug 2026

Around 100 metres of an under-construction section of National Highway-53 in Kendrapara district, Odisha, caved in on Sunday following a week of incessant rainfall. The affected section is located near Nilachal Bazar under the Marshaghai police station limits and forms part of the ongoing rebuilding and widening of NH-53. Three trucks parked on the construction stretch fell into a ditch after the road gave way. No injuries or fatalities were reported because no drivers or helpers were inside the vehicles at the time. A senior official from the National Highways Authority of India’s (NHAI) Bhubaneswar Regional Office attributed the collapse to prolonged water stagnation caused by the sustained rainfall. The incident has raised concerns among local residents about the condition of the highway construction.Read more

19 Aug 2026

Gujarat Chief Minister Bhupendra Patel has announced that the state government will purchase private land in areas where government, Gram Panchayat, wasteland or Gauchar land is insufficient, and provide residential plots free of cost to eligible rural families. The move is aimed at expanding the coverage of the state’s rural housing programme and ensuring that land shortages do not prevent eligible families from receiving plots to build homes. The announcement was made on August 15 as part of a wider package of rural housing and infrastructure measures.Read more

19 Aug 2026

The Mumbai Metropolitan Region Development Authority has imposed a cumulative penalty of INR 12.5 crore on the contractor and consulting agencies working on Metro Line 9 following a safety lapse at the under-construction Medetiya Nagar station in Mira-Bhayandar. The incident occurred on Monday when granite stones fell from a foot-over bridge area into the barricaded construction zone during debris removal work. J Kumar Infraprojects, the primary contractor, was fined INR 10 crore, while sub-agencies Gajanan and Systra-CEG-General Consultant were penalised INR 1.5 crore and INR 1 crore respectively. No injuries were reported.Read more

19 Aug 2026

Around 1,500 people were evacuated from Aayakar Bhavan on Maharshi Karve Road in south Mumbai after a fire broke out in the Income Tax Department building on August 17. The blaze originated in the basement of the multi-storey government office, triggering a large-scale emergency response. Mumbai Fire Brigade personnel, along with police, BEST, ambulance services and civic officials, were deployed at the site. Firefighting and evacuation operations continued as authorities worked to contain the blaze and ensure the safety of people inside the building. No injuries were reported.Read more

19 Aug 2026

Germany recorded a nearly 14% year-on-year increase in permits for apartment construction in June, adding to signs that the country's property sector is gradually recovering from its prolonged downturn. Authorities approved permits for around 21,600 apartments during the month, about 2,600 more than a year earlier. The rise in permits is important for the construction industry as approvals provide an indication of future building activity. However, the recovery remains at an early stage, with housing officials noting that permit levels are still well below what Germany needs.Read more

19 Aug 2026

The Bombay High Court has directed Maharashtra’s Food and Drug Administration (FDA) to pay INR 5 lakh to Pune-based Gurunanak Dairy and Sweets after the regulator kept the shop’s licence suspended despite a subsequent inspection finding 98 per cent compliance. The court allowed the establishment to resume operations and criticised the FDA for continuing the suspension after the compliance report. The shop had approached the court claiming losses of INR 8.74 lakh following its closure in June. The court said the regulator’s food-safety objective was commendable but its action had gone beyond what was warranted.Read more

19 Aug 2026

The reopening of Mumbai’s Monorail is likely to be delayed further as the Mumbai Metropolitan Region Development Authority (MMRDA) seeks additional safety checks and has yet to finalise an evacuation plan for passengers in case a train becomes stranded. The Chembur–Sant Gadge Maharaj Chowk corridor has remained shut for nearly a year and has already undergone safety testing and received clearance from the Commissioner of Metro Rail Safety. However, MMRDA wants further inspection of the elevated corridor and additional safeguards before passenger services resume. The authority has not announced a revised reopening date.Read more

19 Aug 2026

Blue Dart Express is preparing to expand its presence in the e-commerce logistics market by introducing a cross-border delivery service aimed at enabling Indian online sellers to reach international customers. The company plans to launch the service in September, building on its existing domestic parcel network and international logistics capabilities. The initiative comes as India’s e-commerce ecosystem increasingly looks towards overseas markets and cross-border trade. Blue Dart expects the new offering to strengthen its position in international express logistics while helping businesses, particularly small and medium-sized sellers, access customers beyond India.Read more

19 Aug 2026

Skyline Builders Group Holding has acquired two gold and silver mineral properties in Nevada as it expands beyond its existing construction-focused business. The acquisitions include the early-stage Mill Creek gold exploration project and the past-producing Irwin gold and silver property. Mill Creek covers about 720 acres across 36 mining claims, while Irwin has recorded historical assays of up to 7.5 grams of gold and 96 grams of silver per tonne. The acquisitions come ahead of Skyline’s planned business combination with Cove Kaz Resources, which is focused on tungsten and critical mineral projects in Kazakhstan.Read more

19 Aug 2026

The Enforcement Directorate (ED) has summoned Punjab-cadre IAS officer Kanwal Preet Brar for questioning on August 18 as part of its money-laundering investigation into alleged irregularities linked to the Suntec City project in Mohali. The probe centres on the processing and approval of modified change of land use (CLU) permissions for the project. The ED is examining allegations that forged consent documents were used during the approval process. The project, spread across 108.58 acres, has already come under the agency’s investigation over alleged generation and concealment of proceeds of crime.Read more

19 Aug 2026

Suraj Estate Developers reported a 7.4% year-on-year increase in consolidated profit after tax (PAT) to INR 22.85 crore for the quarter ended June 30, 2026. Consolidated total income rose 9.8% to INR 146.23 crore, while EBITDA increased 9% to INR 54.8 crore. The Mumbai-focused developer recorded a 74% rise in sales value to INR 141 crore and a similar increase in sales area to 28,834 sq ft. During the quarter, the company also acquired a Dadar West land parcel for about INR 18 crore, with an estimated gross development value of INR 100 crore.Read more

19 Aug 2026

A pre-dawn fire at the four-storey Bideshini hotel in the temple town of Tarapith, Birbhum district, West Bengal, killed eight people and left several injured on Monday. Five of the deceased belonged to a single family from Meghalaya's South Garo Hills who had travelled to the town for prayers at the Goddess Tara temple. Police detained hotel owner Kalyan Paul and are investigating whether fire-safety norms were followed, with guests alleging a rear exit was found blocked.Read more

19 Aug 2026

The Asian Development Bank (ADB) has approved a USD 50 million emergency loan for the Maldives to help the country manage fuel shortages and protect essential energy and water services amid the impact of the ongoing conflict in West Asia. The Maldives depends heavily on imported fuel, with about 94 per cent of its electricity generated using fuel. Rising global fuel prices and weaker tourist arrivals have added pressure on government finances. The assistance will support fuel imports and help maintain electricity, water, transport, food, medical supply and waste management services across the island nation.Read more

19 Aug 2026

Light House Green Sara Centre Ltd has pledged an investment of INR 10,000 crore to establish a hyperscale data centre in Thoothukudi, Tamil Nadu. The commitment was among 97 memoranda of understanding worth INR 67,542 crore signed at the state's first Vettri Tamil Nadu Investors Conclave 2026 in Chennai. The event, held in the presence of Chief Minister Chandrasekaran Joseph Vijay, is expected to generate more than one lakh jobs across automotive, renewable energy, life sciences, electronics, research and development, and data centre sectors.Read more

19 Aug 2026

Juniper Hotels will invest around INR 850 crore to develop a 550-key five-star hotel in Sector 23, Dwarka, Delhi. The company has signed a licence deed with the Delhi Development Authority through its wholly owned subsidiary, Juniper Hospitality Assets Pvt Ltd. The hotel is targeted for completion by 2030. Once operational, the project is expected to take Juniper Hotels’ presence in New Delhi to around 1,000 keys. The company is also working on other developments and evaluating inorganic opportunities as it aims to increase its portfolio to approximately 3,900 keys by FY 2030-31.Read more

19 Aug 2026

K Hospitality Corp's restaurant platform, Charcoal Concepts, and UK-based The Restaurant Group have formalised a joint venture to expand the pan-Asian dining chain Wagamama across India. The partnership targets at least 100 outlets over the next ten years and was announced alongside the opening of Wagamama's fourth Indian restaurant in Mumbai. One report places the investment at INR 550 crore. The move builds on the brand's debut Indian outlet in Churchgate, Mumbai, which opened roughly a year earlier and outperformed initial expectations, prompting the scaled-up partnership.Read more

19 Aug 2026

The Centre has told the Supreme Court that it has accelerated the drafting of rules under the Bharatiya Vayuyan Adhiniyam, 2024, with the final framework expected within three weeks. The development came during a hearing on a petition seeking stronger regulation of airfares, ancillary charges and passenger protection in India. The government placed the draft rules before a bench of Justices Vikram Nath and Sandeep Mehta in a sealed cover, saying final discussions were underway. The court asked the Centre to publish the draft within seven days and warned that airlines failing to comply with applicable airfare directions should face strict action. The petition, filed by social activist S Laxminarayanan, seeks an independent and robust aviation regulator and measures to address unpredictable fluctuations in ticket prices and additional charges levied by private airlines.Read more

19 Aug 2026

Bengaluru-based real estate developer Puravankara Ltd reported a consolidated net profit of INR 25.23 crore for the quarter ended June, compared with a net loss of INR 68.55 crore in the corresponding period a year earlier. The company’s total income increased to INR 877.15 crore during the first quarter of the current financial year from INR 538.64 crore in the same period of the preceding year, according to a regulatory filing. Puravankara is among India’s major real estate developers and has completed 97 projects so far, covering a combined 59 million sq. ft. across nine cities. Its completed project portfolio spans Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa.Read more

19 Aug 2026

National Australia Bank shares fell more than 5% after the lender forecast a sharp slowdown in housing credit growth, citing weaker homebuyer activity following recent tax changes. NAB reported third-quarter cash earnings of AUD 1.83 billion, while Australian home loan applications declined 15% from the previous quarter. The bank expects investor credit growth to move from more than 8% last year to a 1.4% contraction in its 2027 financial year, while total housing credit growth is forecast to slow from around 7.5% to 2.5%. NAB also warned of pressure on property prices in Sydney and Melbourne.Read more

19 Aug 2026

The Enforcement Directorate (ED) has provisionally attached immovable properties valued at INR 129.80 crore in an alleged real estate fraud involving homebuyers and investors in Ahmedabad. The action was taken by the agency’s Ahmedabad Zonal Office under Section 5(1) of the Prevention of Money Laundering Act, 2002, through an order dated August 14. The case involves Ronak Ravjibhai Sonani, Vipulbhai Gordhanbhai Gangani, Keshav Narayan Group and others. The investigation followed five FIRs registered in Ahmedabad and relates to alleged schemes that offered flats and shops at pre-launch prices and promised returns of 54–100 per cent. The ED has alleged that the projects lacked mandatory RERA registration and non-agricultural permissions, while buyers were allegedly not given the promised properties or refunds.Read more

19 Aug 2026

Five associations representing Unitech Ltd homebuyers have urged the government and Supreme Court to expedite the appointment of a new chairman and managing director and allow monetisation of the developer’s unsold assets to fund stalled housing and commercial projects. The CMD position has remained vacant since Yudhvir Singh Malik’s tenure ended on 20 July 2026. Unitech’s projects, primarily in Delhi-NCR, have faced delays of more than 15 years, leaving around 15,000 customers awaiting delivery. Buyers estimate that INR 11,000–12,000 crore is required to complete the stalled developments, while around INR 3,000 crore could be contributed by customers. The associations have made separate demands concerning lenders’ claims, an audit of loans and priority for homebuyers in the resolution process.Read more

19 Aug 2026

Saatvik Solar Industries has signed an initial agreement with the Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) to establish a 3.6 GW solar cell manufacturing facility at Gopalpur, Odisha. The proposed plant will form part of the company’s broader manufacturing development in the state and is expected to generate employment while supporting the surrounding industrial ecosystem. Saatvik is already advancing its Phase I integrated manufacturing facility at Gopalpur, where construction and equipment installation have reached key milestones. The company said the dedicated 220 kV substation is ready for charging, while manufacturing lines are undergoing installation, testing and validation. Its cell manufacturing line is expected to begin ramp-up shortly, with an ALMM-II inspection planned for September. The phased development is intended to build an integrated solar manufacturing base focused on scale, quality and supply-chain resilience.Read more

19 Aug 2026

Max Estates Ltd reported a 30% year-on-year decline in consolidated net profit to INR 8.35 crore for the quarter ended June, compared with INR 11.93 crore in the corresponding period of the previous financial year. The company's total income remained broadly unchanged at INR 80.07 crore during the first quarter of the current fiscal year, against INR 80.12 crore a year earlier, according to a regulatory filing. Established in 2016, Max Estates is the real estate arm of Max Group and has residential and commercial projects across Delhi-NCR. The company also operates Max Asset Services, a real estate services and management business. Its operations are focused on property development and related services within the Delhi-NCR market.Read more

19 Aug 2026

President Droupadi Murmu said India’s economy continues to remain resilient despite global warfare and instability, with growth projected to be more than twice the global average. In her address to the nation on the eve of Independence Day, she highlighted the role of self-reliance, digital infrastructure, renewable energy and physical connectivity in strengthening the country’s economic base. She also pointed to India’s progress on Sustainable Development Goals and the rapid expansion of highways, waterways, railways and airways. According to her, these developments are creating business opportunities, supporting employment and improving investor confidence.Read more

19 Aug 2026

India's biggest cities are increasingly developing smaller economic ecosystems within their boundaries. These districts are no longer just office clusters surrounded by residential neighbourhoods; they are evolving into self-contained destinations with workplaces, hotels, restaurants, retail, housing, healthcare and entertainment. Bandra-Kurla Complex in Mumbai has become a major financial hub, while GIFT City is building an international financial ecosystem almost from scratch. Similar transformations are underway in Hyderabad, Bengaluru, Gurugram, Kolkata and Pune. Together, these districts show how India's urban growth is moving from a single city centre towards multiple specialised economic centres.Read more