18 minutes ago

India’s focus on longevity and preventive healthcare is set to get a new platform with the Longevity Summit India 2026: India Vows for Longevity, which will bring together scientists, clinicians, wellness experts, entrepreneurs, innovators and hospitality leaders. The two-day summit at Fairmont Mumbai will examine developments in longevity science, personalised medicine, human performance, technology and healthy ageing. A key part of the programme will focus on the changing role of senior living, with Shrem Group and Emoha set to unveil Shremoha, a premium senior independent living platform that combines residences, hospitality, wellness, community and access to geriatric care.Read more

48 minutes ago

The Reserve Bank of India (RBI) has proposed a common framework for determining interest rates on loans and advances across banks and non-banking financial companies (NBFCs). The draft rules seek to bring greater consistency in the way fixed-rate and floating-rate loans are priced while allowing regulated entities to account for their operational scale, loan categories and borrower risk. The proposed directions would also require board-approved interest rate policies and annual reviews. For microfinance and small-value loans, lenders would have to set an explicit ceiling on the Annual Percentage Rate (APR), including interest and other charges.Read more

Mumbai News Desk

1 hour ago

Five senior citizens, including three women, were injured after a cement-roofed gazebo collapsed at Mala Garden in Pratiksha Nagar, Sion East, on Wednesday evening. The open-sided structure, supported by a galvanised iron (GI) frame, gave way at around 4.45 pm while all five people were seated inside. The injured, aged between 64 and 79, were taken to the civic-run Sion Hospital in private ambulances before Mumbai Fire Brigade personnel reached the site. Officials said all five were in a stable condition following the incident.Read more

1 hour ago

State-owned NBCC Ltd reported a 17 per cent year-on-year increase in consolidated net profit to INR 158 crore for the first quarter of the current financial year. The company had recorded a consolidated net profit of INR 135.03 crore in the corresponding quarter last year. However, consolidated total income declined to INR 2,320.90 crore from INR 2,465.48 crore. NBCC operates across project management consultancy and real estate, with its wider business also covering redevelopment, infrastructure and overseas projects. The company entered the current financial year with a sizeable order book and continued project activity.Read more

2 hours ago

India’s top 11 listed residential developers are projected to achieve combined pre-sales of INR 1.82 lakh crore in FY27, up from INR 1.49 lakh crore in FY26, marking a 22.3% year-on-year increase, according to an ANAROCK Research analysis of investor presentations. The projected growth comes despite higher property prices, elevated construction costs and continuing global economic uncertainty. Godrej Properties is expected to record the highest pre-sales at INR 39,000 crore, followed by Prestige Estates at INR 35,300 crore. Oberoi Realty is projected to post the strongest growth, while DLF is expected to remain broadly flat.Read more

2 hours ago

Ashiana Housing reported a consolidated net profit of INR 13.11 crore for the June quarter, with consolidated income from operations at INR 107 crore. The company also approved a proposal to raise up to INR 5 crore through the issue of non-convertible debentures and bonds on a private placement basis. The results come as the developer continues to operate across residential and senior living segments. Ashiana Housing has delivered more than 28 million square feet across five states and has about 7.3 million square feet under development, according to its investor information.Read more

3 hours ago

China Resources Land reported gross contracted sales of RMB14.10 billion for July, with contracted gross floor area reaching 0.410 million square metres. Sales value increased 6.0% year-on-year during the month, indicating a modest improvement in the company’s contracted sales performance. The latest figures come as Chinese property developers continue to operate in a challenging housing market, with sales performance remaining closely watched for signs of stabilisation. China Resources Land has also continued to generate recurring income from its investment property portfolio, providing another source of revenue alongside property development.Read more

3 hours ago

The closure of the Delhi-Meerut Expressway for the Kanwar Yatra has continued to disrupt traffic movement across the Delhi-NCR region, with diversions placing additional pressure on NH-9 and the Eastern Peripheral Expressway. Commuters travelling between Delhi, Ghaziabad and Meerut have faced prolonged delays as traffic has been redirected to alternative routes. The disruption has been compounded by rain and increased movement associated with the annual pilgrimage. Authorities have been managing diversions and traffic flow as the Kanwar Yatra reaches its concluding phase.Read more

4 hours ago

Radisson Hotel Group has opened Park Inn by Radisson Bengaluru Whitefield, marking the brand’s entry into one of Bengaluru’s major technology and commercial hubs. The 82-room upper-midscale property is intended to cater to rising hospitality demand from corporate travellers, project teams and urban professionals in Whitefield. The hotel strengthens Radisson Hotel Group’s presence in Bengaluru, one of India’s key business travel markets, as technology activity, commercial development and residential growth continue to influence travel patterns and accommodation demand in the eastern part of the city. The opening also adds internationally branded hotel capacity to a micro-market that has developed into an important employment and business destination. Radisson said the property was positioned to serve the evolving requirements of business travellers as Whitefield continues to attract technology companies, commercial activity and residential development.Read more

4 hours ago

The Telangana High Court has allowed authorities to resume land acquisition proceedings for a section of Hyderabad Metro Rail Phase-II after vacating an interim stay imposed earlier in the case. The dispute concerns properties required for the MGBS-Chandrayangutta corridor, where landowners had challenged the acquisition process and alignment. The court said decisions on Metro alignment and land requirements involve technical assessments that fall primarily within the domain of expert authorities. It, however, left questions concerning the legality and procedural compliance of the acquisition open for consideration during the final hearing of the writ petition.Read more

5 hours ago

Logicap, backed by Alta Capital, has expanded its warehousing portfolio through the acquisition of operational assets owned by Xander Investment Management. The transaction involves approximately 2.6 million sq ft of warehousing space across Chennai and Kolkata and is valued at around INR 1,500 crore. A further acquisition involving an asset in Bhiwandi is expected to take the overall transaction value to about INR 2,000 crore. The expansion will increase Logicap’s warehousing footprint and strengthen its presence across some of India’s key logistics and consumption markets.Read more

5 hours ago

Rating agency ICRA expects the share of green debt in the total borrowings of Indian Real Estate Investment Trusts (REITs) to climb to 15-17 per cent over the next three years, from around 12 per cent currently. Outstanding green borrowings among Indian REITs rose nearly sevenfold to approximately Rs 8,400 crore by March 2026, up from around Rs 1,200 crore in March 2022, doubling their share of total REIT debt from 6 per cent to 12 per cent over the four-year period. All five listed office REITs have achieved 5-star GRESB ratings, with green-certified penetration across their portfolios currently at 75-90 per cent, ICRA said.Read more

6 hours ago

The Ministry of Housing and Urban Affairs (MoHUA) utilised 99.78 per cent of its revised budget allocation during 2025-26, spending INR 57,075.19 crore against the revised estimate of INR 57,203.78 crore. The ministry’s scheme-wise expenditure was INR 52,978.83 crore against an allocation of INR 53,096.53 crore. Metro projects recorded full utilisation, while PMAY-Urban and PMAY-Urban 2.0, AMRUT, Swachh Bharat Mission-Urban and PM-eBus Sewa also recorded high utilisation. However, no expenditure was incurred under the Scheme for Industrial Housing, National Urban Digital Mission and Urban Challenge Fund, prompting concerns from a parliamentary panel.Read more

6 hours ago

Tribeca Developers and Ira Realty are jointly developing a Trump-branded luxury residential project in Hyderabad’s Kokapet with an overall investment of around INR 2,000 crore. Trump Towers Hyderabad will comprise two 65-storey towers with 450 apartments, including 16 penthouses, across 22 lakh square feet of developable area. The project marks the Trump brand’s first entry into South India and is expected to be completed within four years. Tribeca plans to expand its Trump-branded portfolio further, with Bengaluru and Chennai under consideration, while hotels and golf-related developments are also being explored.Read more

7 hours ago

Land pooling for Amaravati has reached 70.66% in Pedamaddur under the second phase of the Land Pooling Scheme (LPS 2.0). Of the 1,018 acres targeted in the village, Andhra Pradesh Capital Region Development Authority (APCRDA) officials have so far collected 719.35 acres from farmers. The process is progressing with farmers voluntarily coming forward to provide their land for the development of the capital. Several farmers recently submitted their land-related documents to APCRDA officials, further advancing the consolidation process in the village.Read more

7 hours ago

Circle rates are often viewed simply as government-fixed property values used to calculate stamp duty, but their influence extends much further. They determine the minimum value at which a property can be registered, affect taxation, influence home loan eligibility, shape state revenues and even signal future infrastructure-led development. By setting a benchmark for property transactions, circle rates play a significant role in controlling market liquidity, discouraging undervaluation and influencing investment decisions. Understanding how these government valuations work is essential for buyers, sellers, developers and investors alike.Read more

7 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) has allotted 113 returnable plots to 42 farmers from five Amaravati villages through an e-lottery. The allotment covers farmers who recently contributed land for the development of Amaravati as well as eligible beneficiaries seeking alternative plots due to road alignment, court cases or land acquisition affecting their earlier allotments. The lottery was conducted using an online randomisation system in the presence of the beneficiaries. APCRDA officials also issued provisional allotment certificates and said GIS personnel and village surveyors would help farmers identify their allotted plots.Read more

8 hours ago

Hindustan Construction Company (HCC) has secured a contract worth INR 524.17 crore from NHPC Ltd for civil and hydro-mechanical works at the Salal Power Station in Jammu and Kashmir. The 27-month project covers the works needed to make the undersluices of the concrete dam fully functional and operational, along with related ancillary and enabling works. The rehabilitation is expected to improve the dam’s operational efficiency and sediment management while supporting its long-term safety and reliability. Salal Power Station remains one of NHPC’s important hydroelectric assets in the region.Read more

8 hours ago

Manappuram Finance reported a sharp rise in consolidated profit for the June quarter, with earnings increasing to INR 585 crore from INR 132 crore in the corresponding quarter of the previous year. Total income also increased, supported by higher interest income and growth in net interest income. The company’s assets under management expanded by 57 per cent to INR 69,635 crore, while its gold loan AUM nearly doubled to INR 57,006 crore. The board also declared an interim dividend of INR 1 per equity share, reflecting the company’s quarterly financial performance.Read more

8 hours ago

The Pune Municipal Corporation (PMC) has directed officials to expedite pending road works around the Kharadi-Keshavnagar bridge and make the facility available to traffic by August 15. The bridge is expected to improve connectivity between Kharadi and Keshavnagar and provide an additional crossing for traffic in the rapidly developing eastern part of Pune. PMC officials have reviewed the remaining works and instructed agencies to complete them within the stipulated timeframe. The planned opening is aimed at easing traffic movement and improving connectivity for residents and commuters using the corridor.Read more

9 hours ago

British construction group Balfour Beatty has raised its full-year 2026 operating profit forecast, supported by strong demand for infrastructure projects in the UK and the US. The company now expects low-double-digit percentage growth in profit from operations, compared with its earlier high-single-digit forecast. Its underlying operating profit rose to GBP 153 million in the first half from GBP 108 million a year earlier. Demand for US building projects and UK power infrastructure supported the performance, while the company ended the first half with an order book of around GBP 23 billion.Read more

9 hours ago

A section of the Gurugram-Sohna elevated highway near Subhash Chowk has caved in again while repair work was underway at the same location. The affected stretch subsided after a truck carrying construction material passed over the portion being repaired, damaging one lane. The National Highways Authority of India has described such an occurrence as possible during construction. However, the latest incident has renewed concerns as the same section had suffered subsidence in May, following a reported rupture of a GMDA pipeline. The highway, constructed at a cost of around INR 2,000 crore, has faced repeated cave-ins.Read more

Delhi News Desk

10 hours ago

The Delhi Assembly has approved the Delhi Urban Shelter Improvement Board (DUSIB) (Amendment) Bill 2026, shifting the statutory cut-off date for identifying eligible Jhuggi Jhopri (JJ) clusters from January 1, 2006 to January 1, 2025. The amendment is intended to align the DUSIB Act, 2010 with the Delhi Slum and Jhuggi Jhopri Rehabilitation and Relocation Policy, 2026 and provide a legal framework for the rehabilitation and relocation of newer settlements. Urban Development Minister Ashish Sood said the government plans to undertake in-situ development so that eligible residents can remain near their existing livelihoods. The change is expected to expand the number of settlements covered by government intervention and increase the financial obligations for rehabilitation, relocation and basic civic infrastructure. The revised framework will come into effect after formal notification of the new rules.Read more

10 hours ago

Larsen & Toubro (L&T) has agreed to transfer its data centre and cloud services business to its wholly owned subsidiary Vyoma.AI Ltd for an estimated INR 1,400 crore through a slump sale. The consideration will be paid through fully paid-up equity shares of Vyoma.AI, subject to closing adjustments and an independent valuation. In a separate transaction, L&T will transfer its entire holding in L&T Network Services Pvt Ltd (LTNSPL) to Vyoma.AI for INR 30 crore. The restructuring will place both businesses under Vyoma.AI as L&T builds a dedicated digital infrastructure platform focused on data centres, cloud and AI services.Read more

11 hours ago

NDR InvIT Trust, sponsored by NDR Warehousing Private Limited, has proposed converting its existing private InvIT into a public InvIT through an initial public offering of up to INR 750 crore. The proposed issue includes a fresh issue of units worth up to INR 450 crore and an offer-for-sale of up to INR 300 crore by Investcorp India Warehousing IFSC Trust. Funds from the fresh issue will largely support the acquisition of two warehousing entities, while the Trust plans to use the remaining amount for general purposes. The move comes as NDR continues expanding its warehousing and industrial asset portfolio across major logistics markets.Read more

11 hours ago

The Amaravati Development Corporation (ADC) is undertaking extensive greenery and landscaping work along the Seed Access Road, one of the main roads connecting the capital region. The work is being carried out ahead of the road’s formal inauguration by Andhra Pradesh Chief Minister Chandrababu Naidu on August 13. Officials from the greenery department are planting 26 varieties of trees and ornamental plants along different sections of the road. Golden Neem and Plumeria Rubra, brought specially from nurseries, will form the main attraction. Landscaping is also being carried out around the Buckingham Canal, while preserved trees at Anantavaram are being given a more landscaped setting.Read more

12 hours ago

The total income tax liability of entities filing returns through ITR-7 rose to INR 1,043 crore in Assessment Year 2025-26, nearly three times the liability recorded five years earlier, according to data presented in Parliament. ITR-7 is used by charitable and religious trusts, political parties, universities, colleges and research institutions, among others. While income from property held under trust for wholly charitable or religious purposes is generally exempt from income tax, the exemption is subject to conditions under the Income Tax Act, 1961. The data showed fluctuations in liability over the five-year period.Read more

12 hours ago

A-1 Ltd has secured orders worth INR 38.70 crore from Solar Group of Industries for the supply of acids and industrial chemicals to Solar Industries and its group entities. The orders are scheduled to be executed over a three-month period ending October 31, 2026, providing revenue visibility across the second and third quarters of FY 2026-27. The order follows an INR 12 crore contract from the same group received in June. A-1 reported a sharp rise in first-quarter revenue and profit, while continuing to operate across chemical trading, distribution and transportation and expanding into electric mobility.Read more

13 hours ago

The Comptroller and Auditor General of India (CAG) has flagged significant deficiencies in the implementation of the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) in Jharkhand, including gaps in beneficiary identification, planning and utilisation of available funds. According to the audit findings tabled in the Jharkhand Assembly, more than 6.32 lakh eligible rural households remained outside the scheme because of inaccuracies in the priority list, delays in finalising beneficiaries and the state’s inability to fully utilise housing targets allocated by the Centre. The audit found that Jharkhand had identified 22.34 lakh eligible households by November 2022, but only 16.02 lakh houses were allocated by the Centre. Of the 15,92,124 houses sanctioned between 2016 and 2024, 15,62,249 had been constructed by January 2025. The CAG also flagged weaknesses in financial management and fund utilisation.Read more

13 hours ago

Chhatrapati Sambhajinagar has the potential to develop into a globally competitive manufacturing hub, supported by the Aurangabad Industrial City (AURIC), an established manufacturing base, skilled workforce and resilient supply chains, according to CII Western Region Deputy Chairman Milon Nag. He said industrial regions outside India's traditional metropolitan centres could drive the country's next phase of economic growth. The Shendra-Bidkin Industrial Area within AURIC was identified as a key catalyst for investment, infrastructure, technology, skills, innovation and employment as Maharashtra works towards its USD 1 trillion economy target.Read more

14 hours ago

A Bailey bridge over the Tamak drain in Uttarakhand’s Chamoli district was washed away by floodwaters on Monday evening, disrupting road connectivity between Jyotirmath and the Niti Valley and cutting off around a dozen villages, including Jumma and Niti, as well as the border area. The bridge formed part of the Malari-Niti National Highway, which connects Jyotirmath with the border region. A Border Roads Organisation (BRO) driver, identified as Pankaj and a resident of Pithoragarh district, went missing after being swept away when the bridge collapsed while he was observing the rising floodwaters. A vehicle was also swept away. Relief and rescue teams from the district administration, SDRF and NDRF were deployed. The BRO has begun alternative arrangements, with traffic expected to resume within a day or two.Read more

14 hours ago

Sri Lanka has decided to lease six former ministerial bungalows in Colombo’s Cinnamon Gardens area for 30 years as part of an effort to turn underused state-owned properties into income-generating assets. The properties can be developed for tourism-related businesses, boutique hotels, cafes and restaurants, while ownership of the land and buildings will remain with the government. The move is linked to the government’s broader effort to reduce public spending on politicians and make better use of vacant state properties. Investors will be responsible for securing the approvals and other requirements needed to develop the properties.Read more

15 hours ago

The Allahabad High Court has ruled that a bank can recover outstanding loan dues from a guarantor without first exhausting its remedies against the principal borrower. The Lucknow bench held that a guarantor’s liability is co-extensive with that of the borrower under Section 128 of the Indian Contract Act, 1872, unless the guarantee agreement states otherwise. The ruling came while dismissing petitions filed by two employees who had guaranteed loans taken by their colleague from UP Postal Primary Cooperative Bank Ltd. The court also upheld monthly salary deductions of INR 10,000 from the guarantors.Read more

15 hours ago

BRICS countries are discussing ways to link their central bank digital currencies (CBDCs) and fast payment systems to make cross-border payments faster and less expensive, Reserve Bank of India Governor Sanjay Malhotra said. The discussions include systems such as India’s Unified Payments Interface (UPI) and are aimed particularly at reducing costs for retail transactions, trade and remittances. Malhotra also said India is working to expand the use of the rupee in international transactions through local-currency arrangements with other countries. He added that India’s strong banking sector and macroeconomic fundamentals would help the economy manage geopolitical and external risks.Read more

16 hours ago

Embassy Developments Ltd reported a consolidated net loss of INR 234.40 crore for the April-June quarter of the current financial year, widening from INR 165.64 crore in the corresponding period a year earlier. The company's total income also declined sharply to INR 241.28 crore from INR 694.05 crore in the year-ago quarter. Separately, the board approved a preferential allotment of convertible warrants worth INR 363 crore to Embassy Group at INR 111.51 per share. The issue price represents an 80% premium over both the prevailing market price and the regulatory floor price prescribed under Securities and Exchange Board of India regulations. Embassy Developments is engaged in residential and commercial development across Bengaluru, the Mumbai Metropolitan Region, Delhi-NCR, Chennai and Indore.Read more

16 hours ago

The West Bengal government plans to restrict e-rickshaws, locally known as ‘totos’, to designated localities and prevent them from operating on national highways, state highways and other major roads. Transport Minister Arjun Singh said only licensed e-rickshaws manufactured by registered companies in accordance with prescribed guidelines would be permitted to operate in local areas. The move follows complaints received by the Transport Department about unregulated e-rickshaws using major roads, resulting in traffic congestion and safety concerns. The department has also directed police to enforce the existing restrictions. Officials said e-rickshaws are primarily intended to provide last-mile connectivity and are already prohibited from operating on major roads under existing guidelines. The government has also raised concerns over untrained drivers and teenagers operating such vehicles, citing potential risks to passenger and public safety.Read more

17 hours ago

Canada’s H&R Real Estate Investment Trust has agreed to a C$6.7 billion (USD 4.81 billion) transaction that will divide its portfolio between GO Residential REIT and a consortium including Blackstone, PSP Investments and Crestpoint. GO Residential will acquire 27 U.S. residential properties valued at about USD 2.8 billion, while the consortium will acquire H&R’s other assets. The deal values H&R at C$12.01 per trust unit, a 14.5% premium to its previous closing price. The transaction is expected to close in the fourth quarter of 2026 and represents the latest step in H&R’s multi-year portfolio restructuring.Read more

17 hours ago

Jakson Infra has secured an INR 128.21 crore contract from Resonia Ltd for the supply and construction of a 400 kV transmission line in Karnataka. The project covers approximately 90.07 km and involves the 400 kV Double Circuit (Quad) Jagalur-Kadakola Transmission Line, Element 1B, covering the middle section of the route. The project forms part of a wider transmission scheme involving the establishment of a 400 kV substation at Hampapura and associated transmission lines in Mandya district. Resonia received the project from REC Power Development and Consultancy Ltd through the Tariff-Based Competitive Bidding process. Once completed, the transmission infrastructure is expected to strengthen Karnataka's transmission capacity, improve grid reliability and support rising electricity demand.Read more

18 hours ago

Air India SATS Airport Services Private Limited (AISATS) has entered into an initial agreement with Concor Air Limited, a wholly owned subsidiary of Container Corporation of India, to facilitate faster movement of customs-cleared cargo from the Inland Container Depot (ICD) at Dadri to Noida International Airport (NIA). The arrangement will connect inland freight networks with AISATS’ Integrated Cargo Terminal at NIA for onward international dispatch. The partnership is expected to improve customs coordination, cargo handling and terminal processes while reducing turnaround time for exporters and shippers using the route.Read more

18 hours ago

Krystal Integrated Services, in a consortium with LC Infra Projects, has received two work orders with a combined contract value of INR 740.06 crore, including GST, from Maharashtra's Urban Development Department. Krystal holds a 40% share in the consortium, representing approximately INR 296.03 crore of the total contract value. LC Infra Projects is the lead member, while Krystal is the technical member. The contracts cover the development of sewage treatment plants, interception and diversion systems and sewer networks on an engineering, procurement and construction basis for urban local bodies under the Pune and Nagpur divisions. The projects include sewage treatment plants with capacities of 5 million litres per day and above and are scheduled to be completed within two years. Krystal's revenue from operations increased 11.65% year-on-year to INR 360.71 crore in Q1 FY27.Read more

19 hours ago

Finance Minister Nirmala Sitharaman said multilateral development banks have an important role in reducing investment risks, improving project bankability and building investor confidence to attract private capital across BRICS economies. Speaking at a seminar on the New Development Bank’s role in private capital mobilisation, she said development finance should increasingly be based on partnerships between governments, multilateral institutions and the private sector. She highlighted India’s sustained public infrastructure investment and measures such as Viability Gap Funding, the Hybrid Annuity Model, InvITs, the National Infrastructure Pipeline and PM Gati Shakti to support greater private participation.Read more

13 Aug 2026

Union Heavy Industries Minister H D Kumaraswamy reviewed a proposal for a flash-charging-based articulated electric bus system aimed at improving high-capacity public transport in Indian cities. The proposed system involves 18-metre bi-articulated electric buses that can carry around 130 passengers and receive rapid charging during short stops. Officials from several key ministries and government agencies participated in the discussion. The proposed charging model is intended to reduce charging downtime and support continuous bus operations, while helping cities move towards cleaner and more efficient public transport systems.Read more

13 Aug 2026

Digital infrastructure company Lightstorm has secured an INR 2,500 crore debt facility led by IndusInd Bank to support the expansion of its fibre network for India’s growing AI infrastructure. The company has also launched an AI-focused high-capacity fibre network, described as an AI superhighway, connecting AI hubs across India’s southern corridor with hyperscale centres in Singapore and Malaysia through the I-2SEA subsea cable system. The network is designed to provide high-capacity, low-jitter connectivity between data centres and AI infrastructure, while Lightstorm’s existing network spans more than 30,000 km of terrestrial fibre and 21,000 km of subsea fibre.Read more

13 Aug 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) held Village Sabha meetings in Undavalli and Uddandarayunipalem to discuss the Amaravati Master Plan and village-level road network planning. The consultations focused on the proposed Village Circulation Plan and Village Integration Plan, including the integration of existing village roads with roads planned under Land Pooling Scheme (LPS) zones. Officials also explained ongoing surveys to map existing road connectivity and gather information for future infrastructure planning. Residents participated in the discussions and shared suggestions, which APCRDA said would be examined before the village-level plans are finalised.Read more

13 Aug 2026

Former BBMP Finance & Taxation Committee Chairman Manjunath Raju has called for stronger administrative implementation of Bengaluru’s existing Property Identification Number (PID) and GIS-based property mapping systems to improve property tax compliance and municipal revenue. His remarks come amid concerns over the gap between the estimated number of properties in the city and those covered by property tax collection and official records. Raju said Bengaluru’s earlier use of PID helped expand the identified taxable property base and improve collections, and suggested better integration, regular audits and greater administrative accountability to strengthen the system.Read more

13 Aug 2026

Australia is struggling to build homes fast enough to meet its target of 1.2 million new dwellings by 2029, with construction activity currently below the required pace. Official data shows completed home construction is 27% below the quarterly rate needed to achieve the target, while industry forecasts suggest the country could fall short by about 15%. Rising construction costs, worker shortages, longer project timelines, higher financing costs and stalled apartment projects are putting further pressure on supply. Builders in major cities are also facing competition for labour from large infrastructure projects, including preparations for the 2032 Brisbane Olympics.Read more

13 Aug 2026

Kalpataru Projects International Ltd (KPIL) reported a 46% year-on-year increase in consolidated net profit to INR 312 crore for the quarter ended June 30, 2026, compared with INR 214 crore in the corresponding quarter of 2025. Consolidated revenue rose to INR 6,408 crore from INR 6,171 crore. The company recorded order inflows of INR 7,668 crore during FY27 to date and was favourably placed as the lowest bidder for a further INR 7,300 crore of orders, mainly across its transmission and distribution and buildings and factories businesses. Its order book stood at INR 66,607 crore as of June 30, 2026. The board has also approved capital expenditure of up to INR 150 crore for a rolling mill at its Raipur plant as part of a backward-integration initiative.Read more

13 Aug 2026

Managed workspace provider Table Space Technologies Ltd has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering comprising a fresh issue of INR 800 crore and an offer for sale (OFS) of up to 6.55 crore equity shares. The OFS will include shares held by promoter AGS TS II Holdings Pte. Ltd., ultimately owned and controlled by funds of Hillhouse Investment, as well as individual promoters Karan Chopra and Kunal Mehra and other existing shareholders. The Bengaluru-headquartered company provides managed workspace solutions to Global Capability Centres, Fortune 500 companies and multinational corporations. As of March 31, 2026, it had 9.33 million sq. ft. of leased area across eight Tier-1 cities.Read more

13 Aug 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has opened a creche at its headquarters in Rayapudi, Amaravati, to help employees manage work responsibilities while caring for their young children. Located on the ground floor of the APCRDA project office next to SBI Bank, the facility is also available to employees of nearby government offices. It operates on weekdays from 10 am to 5:30 pm and provides children with a safe and supervised environment during working hours. The facility was inaugurated by APCRDA Social Development Group Director V. Ramulu.Read more

13 Aug 2026

The Leela Palaces, Hotels and Resorts has launched Melodies by The Leela, a sonic identity created as part of the hospitality brand’s celebration of four decades of True Indian Luxury. The platform debuts with A Living Raga, a 14-track album composed exclusively for The Leela by Grammy-winning sarod musicians Amaan Ali Bangash and Ayaan Ali Bangash. The album received its first listening at The Leela Palace New Delhi on August 7, with the gathering featuring Ustad Amjad Ali Khan and other guests. The initiative builds on more than 15 years of musical collaborations between The Leela and the Bangash brothers. The brand said the platform will develop through original compositions, destination-inspired collections and collaborations with artists, extending its cultural and sensory programming beyond its hotels’ physical spaces.Read more