27 minutes ago

Existing home sales in the US declined for a second consecutive month as higher mortgage rates, elevated home prices and limited housing supply continued to weigh on buyers. Sales fell 1.7% to a seasonally adjusted annual pace of 4.06 million units, while the median price rose 2% to USD 434,100. Housing inventory also declined to 1.54 million units. First-time buyers accounted for only 29% of purchases, well below the level considered necessary for a stronger housing market. At the same time, small business sentiment improved, with hiring plans reaching their strongest level in several years.Read more

57 minutes ago

A fire that broke out on the 11th floor of a residential building in Mumbai's Vile Parle (West) late Tuesday night claimed the lives of two people, including a 2.5-year-old child, while six others were injured. The blaze was reported from two flats in the high-rise on Baptista Road, near St Xavier School, triggering a rescue and firefighting operation. Emergency teams responded to the incident and worked to assist residents affected by the fire. Police and other authorities are expected to examine the circumstances surrounding the blaze and determine its cause.Read more

1 hour ago

A Parliamentary Standing Committee on Railways has again asked the Railway Ministry to prepare zone-specific strategies to increase freight traffic, particularly in areas with limited mineral movement and industrial activity. The Committee has also called for a structured annual review of freight rates based on commodity demand, competition, logistics costs and operating expenses. It welcomed measures such as network expansion, Dedicated Freight Corridors, yard modernisation and private investment in wagons. The Ministry reported that the average number of freight trains per day increased from 4,968 in 2021-22 to 6,789 in 2024-25, while crew shortages remain an issue.Read more

1 hour ago

Suraj Estate Developers has approved the issuance of non-convertible debentures (NCDs) worth INR 165 crore through a private placement, adding another debt-raising route for the Mumbai-based real estate developer. The NCDs are proposed to be senior, secured and unrated. The move comes as the company continues to expand its project pipeline in South-Central Mumbai, where it focuses on residential and commercial development, including redevelopment projects. The company had also raised funds through equity and debt instruments in the past to support project development, acquisitions, working capital and business expansion.Read more

2 hours ago

The Finance Ministry is set to hold a two-day PSB Confluence bringing together senior leadership of public sector banks and public financial institutions to discuss measures aimed at improving people-centric banking outcomes. Finance Minister Nirmala Sitharaman and Minister of State for Finance Pankaj Chaudhary are expected to attend the conclave. The discussions will cover seven areas, including deposit mobilisation, youth banking, infrastructure investment, global capability centres, agriculture and horticulture value chains, credit cards and priority sector lending. Around 125 senior representatives are expected to participate and work on scalable and time-bound initiatives.Read more

2 hours ago

While Mumbai's real estate market has transformed dramatically over the decades, a handful of Bollywood families continue to preserve homes that have remained within their lineage for generations. From sprawling palaces and heritage bungalows to redeveloped family compounds, these properties represent far more than luxury addresses. They reflect family history, architectural legacy and emotional continuity, serving as homes where multiple generations of actors, filmmakers, writers and cultural icons have lived, worked and created enduring legacies that continue to shape Indian cinema.Read more

2 hours ago

MENA for Touristic and Real Estate Investment reported consolidated net profit attributable to the company of EGP 253,922 in the second quarter, while consolidated revenue stood at EGP 2.9 million. The figures were reported this week through a Reuters filing. MENA is an Egypt-based real estate company with activities spanning tourism, real estate investment, construction, project management and urban development. The company has been listed on the Egyptian Exchange since 1995 and has a long operating history in residential and tourism-related developments across Egypt and other regional markets.Read more

3 hours ago

The Kiratpur-Manali four-lane highway in Bilaspur district has been closed beyond Mandi Bharari Chowk following continuous rockfall near Mehla. Traffic has been diverted through Swarghat and Nauni Chowk to maintain movement between Chandigarh and destinations including Bilaspur, Hamirpur, Mandi, Kullu and Manali. The closure comes during a period of heavy monsoon activity in Himachal Pradesh, when several roads have been affected by landslides and other weather-related disruptions. The highway is a key connectivity route to Manali and also has strategic importance for onward access towards Leh-Ladakh.Read more

3 hours ago

India’s logistics and industrial real estate market recorded its strongest first-half performance in H1 2026, with gross leasing across the top eight cities reaching a record 36.2 million square feet (MSF), according to Cushman & Wakefield. Leasing rose 18% year-on-year and 2% over H2 2025, supported by sustained demand from logistics, manufacturing and automotive occupiers. Warehousing accounted for 67% of total activity, while industrial leasing grew 36% YoY to nearly 12 MSF. Delhi NCR led city-wise demand with a 24% share, followed by Chennai at 17% and Pune at 16%.Read more

3 hours ago

The Delhi Development Authority is reviewing its residential property conversion policy with the aim of simplifying the leasehold-to-freehold process and making it easier for citizens. Conversion requests have been kept on hold during the review, with no confirmed timeline for their resumption. The suspension followed the adoption of revised circle rates by the Delhi government and has also raised the issue of conversion charges. DDA’s existing framework allows residential flats and built-up plots to be converted to freehold after payment of applicable charges and dues, subject to conditions relating to property disputes and government land.Read more

4 hours ago

Sunstone Hotel Investors has entered into a USD 300 million equity distribution agreement with a group of sales agents, allowing it to sell common stock from time to time through at-the-market or negotiated transactions. The new programme replaces its previous equity distribution arrangement and also provides for possible forward sale agreements. Sales agents can receive commissions of up to 2% of gross sales. The move comes as Sunstone manages capital investments, property dispositions and stock repurchases. The company owns 13 hotels with 6,178 rooms and recently completed the USD 279 million sale of Hyatt Regency San Francisco.Read more

4 hours ago

The Centre has granted final approval, with conditions, for felling nearly 1.40 lakh trees in forest areas of Madhya Pradesh’s Indore and Khargone districts for the Mhow-Khandwa railway gauge conversion project. Around 1.24 lakh of these trees are in Indore. The 156-kilometre project involves replacing the existing metre-gauge alignment with a broad-gauge line. Tree cutting is expected to begin after the monsoon, while the Railways will have to implement a Green Railway Corridor Management Plan covering plantation, rainwater harvesting and energy-efficient operations. Compensatory plantation will cover 916 hectares in Dhar and Jhabua.Read more

5 hours ago

A special CBI court in Mumbai has rejected a plea by Purvi Modi, sister of fugitive diamantaire Nirav Modi, seeking permission to record her statement in the Punjab National Bank fraud case through video conferencing. Purvi, a Belgian national, has sought to become an approver in the case, and the CBI has said her statement must be recorded before her plea can be considered. She and her husband Maiank Mehta have already turned approvers in the related money laundering case being investigated by the Enforcement Directorate. The development comes as multiple proceedings in the long-running PNB fraud case continue.Read more

5 hours ago

Delhi International Airport Ltd (DIAL) is planning to raise INR 3,550 crore through a 15-year bond issue as part of a debt restructuring exercise. The proposed fundraising will primarily refinance the airport operator’s existing $522.6 million dollar-denominated notes due this year, along with associated transaction and hedging costs. The bonds are expected to carry a coupon of around 9.50%, subject to market conditions and investor demand. DIAL plans to finalise investors in August and is targeting a mid-October pay-in. The proposed structure will replace short-term dollar obligations with longer-term rupee funding and staggered repaymentsRead more

6 hours ago

Tata Group-owned Indian Hotels Company (IHCL) has created a new Select Service Business vertical bringing together four brands across mid-scale hotels, experiential leisure, premium homestays and food services. The vertical will include Ginger, Tree of Life, amã Stays & Trails and Qmin, with a combined network of more than 700 properties and outlets. The move follows the expansion of IHCL’s portfolio through ANK Hotels and Pride Hospitality. The company expects the new vertical to support faster expansion across hospitality segments and has set a target of more than 25 per cent enterprise revenue CAGR under its Accelerate 2030 plan.Read more

6 hours ago

The Brihanmumbai Municipal Corporation (BMC) will place a proposal before its Improvements Committee on August 12 for leasing the 23,822 sq m Century Mills plot in Lower Parel to Peddar Realty Ltd for redevelopment. Peddar Realty emerged as the highest bidder with an offer of INR 1,351 crore, marginally above the civic body’s INR 1,348 crore reserve price. The 30-year lease covers a site with existing mill-worker tenements and shops. The redevelopment is expected to provide rehabilitation housing to eligible former mill workers’ families, while the remaining development is intended to generate revenue for the civic body.Read more

7 hours ago

Fusion Finance reported a profit after tax of INR 62 crore in the first quarter of financial year 2026-27, compared with a loss of INR 92 crore in the year-ago quarter. The improvement was supported by higher net interest margins, lower credit costs and better asset quality. Core net interest income rose 6 per cent quarter-on-quarter to INR 236 crore, while disbursements increased 88 per cent year-on-year to INR 1,783 crore. The lender also reduced its gross NPA ratio to 2.51 per cent and maintained collection efficiency above 99.7 per cent during the quarter.Read more

7 hours ago

The Centre is set to introduce an AI-enabled smart streetlighting programme across Andhra Pradesh, with Energy Efficiency Services Limited (EESL) partnering with urban local bodies to deploy intelligent LED lighting systems. The initiative is planned across 123 urban local bodies in the state and will use technologies such as adaptive lighting, remote monitoring and data-driven controls to improve energy efficiency and streetlight management. The project is expected to bring automated lighting operations to a large urban network while reducing electricity consumption, maintenance requirements and associated costs.Read more

8 hours ago

Mumbai Police have sought documents after BJP MLA Mihir Kotecha complained that a road reserved under the Development Plan (DP) in Mulund West had allegedly been incorporated into a private residential project. The proposed road, connecting Off Park Road and the Tansa Pipeline area to LBS Marg, runs across survey plots 543, 544 and 547 in Nahur village. Kotecha has sought an investigation into the alleged encroachment and demanded that the missing road stretch be restored to the BMC’s T Ward for public use.Read more

8 hours ago

The Uttarakhand Cabinet has approved an MoU with Uttar Pradesh for extending the Ganga Expressway towards Haridwar, taking forward plans for a faster inter-state road connection. The proposed Meerut-Haridwar link is expected to reduce travel time between the two cities from around three hours to nearly 90 minutes. The extension is also expected to improve connectivity for pilgrims, tourists and commercial traffic moving between western Uttar Pradesh and Uttarakhand. The proposed route is expected to pass through areas including Amroha and Bijnor before reaching Haridwar.Read more

9 hours ago

Nearly 88% of buildings constructed in Nagpur city do not have mandatory Occupancy Certificates (OCs), prompting Union Minister Nitin Gadkari to set a four-month deadline for authorities to address the long-standing issue. Of 3,669 buildings identified, only 426 have obtained OCs, leaving 3,243 without the required certification. The absence of OCs has raised concerns over regulatory compliance and building safety. Authorities have been directed to examine pending cases, streamline approvals and take steps to bring eligible buildings into the formal certification system within the stipulated period.Read more

9 hours ago

Vietnam has started construction of what it describes as its largest and most advanced domestically made anti-submarine frigate, marking another step in its efforts to strengthen local defence manufacturing. The vessel is being built at the defence ministry’s Song Thu Shipyard in Danang City, with most of its weapons and military equipment expected to be developed or assembled within the country. The project involves Viettel and other defence research and manufacturing units working with the navy and shipyard. The move also comes as Vietnam seeks to reduce its dependence on imported military equipment, particularly from Russia.Read more

10 hours ago

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has asked 470 complainants to submit their bank account details and affidavits to facilitate the transfer of refunds ordered in their cases. The authority has appealed to the concerned complainants to provide the required information so that the refund process can be completed. The move is aimed at clearing pending refund transfers arising from RERA orders and ensuring that eligible amounts reach the beneficiaries. Complainants have been advised to submit accurate banking information and the required affidavit within the stipulated process.Read more

10 hours ago

Indore’s real estate market has shown signs of recovery, with property registrations rising 8.5% during the first four months of the current financial year compared with the corresponding period of the previous year. The increase follows a relatively sluggish performance in the preceding fiscal year and indicates renewed activity in the city’s property market. The rise in registrations has also contributed to higher government revenue from property transactions, with collections during the first quarter crossing INR 820 crore. The trend points to improving buyer sentiment and stronger transaction activity in Indore.Read more

11 hours ago

Simon Property Group has raised its full-year outlook for real estate funds from operations (FFO), supported by continued leasing demand and higher rents across its retail properties. The company expects annual real estate FFO of USD 13.20 to USD 13.30 per share, while its net income forecast has also been revised. Revenue in the latest quarter rose about 20% to USD 1.79 billion, exceeding market expectations. Occupancy remained at 96%, while base minimum rent per square foot increased 6.3%. However, quarterly FFO per share came in below analysts’ estimates.Read more

11 hours ago

The Maharashtra government has approved forest-land diversion linked to two Adani Group projects in the state, covering separate developments in Raigad and Nagpur. One approval concerns 0.6497 hectare of forest land required for infrastructure associated with Adani Cementation’s Raigad Cement Bulk Terminal in Alibag taluka, while another state government order records the diversion of 87.351 hectares for Adani Power Maharashtra’s Gondkhairi Underground Coal Mine in Nagpur. Both approvals are subject to conditions covering compensatory afforestation, statutory clearances, forest protection and compliance with environmental requirements.Read more

12 hours ago

The Uttar Pradesh government has introduced a four-month One-Time Settlement (OTS) scheme to help property owners clear pending house tax, water tax and sewerage tax dues without paying interest or surcharge. The scheme will be implemented across all 762 urban local bodies, covering 17 municipal corporations, 200 municipal councils and 545 nagar panchayats. It will cover outstanding dues up to April 1, 2026, for residential, commercial and mixed-use properties, with taxpayers allowed to pay the principal amount in up to three instalments.Read more

12 hours ago

Total Transport Systems Limited reported a strong financial performance for the first quarter of FY27, with consolidated revenue from operations rising 31.3% year-on-year to INR 193.6 crore. EBITDA increased 48.3% to INR 6.5 crore, while profit after tax rose 40.5% to INR 4.1 crore. Margins also improved during the quarter, supported by higher business activity across logistics services and tighter cost management. The company said its diversified service portfolio, customer relationships and asset-light business model continue to support its operations. It also remains focused on technology, productivity and service capability improvements.Read more

13 hours ago

Maharashtra has introduced new conditions for old buildings seeking new water, drainage and similar utility connections. Applicants will have to submit construction permits and valid structural stability certificates, while buildings will also need to provide for rainwater harvesting and solid waste or bio-sludge management systems. An engineer will examine the structural certificate, while a feasibility report will assess available space and any possible risk to the building or neighbouring structures. The procedure will apply across municipal corporations, municipalities and nagar panchayats and will operate within the state's existing development and planning regulations.Read more

13 hours ago

The Centre is expanding the Green Energy Corridor and Inter-State Transmission System to support the integration of more than 500 GW of non-fossil fuel capacity by 2030 and over 600 GW by 2032. The transmission network is being strengthened alongside renewable-energy additions, with 220 kV-and-above transmission capacity projected to reach 6.48 lakh circuit km by 2031-32. The Green Energy Corridor is being implemented in 10 states in two phases to evacuate 44 GW of renewable power, while battery storage, pumped-storage and hybrid projects are being planned to improve grid stability.Read more

14 hours ago

VinSpace, a subsidiary of Vietnamese conglomerate Vingroup, has signed a launch contract with SpaceX for its satellite missions, with the first launches planned for 2027. The satellites will be deployed through a SpaceX Transporter rideshare mission, allowing multiple customers to share the same launch. VinSpace is involved in satellite research, development, manufacturing and in-orbit operations. The company said the missions will support technology testing, satellite development, international cooperation and future commercial applications. Established with initial capital of INR equivalent to USD 11.4 million, VinSpace is part of Vingroup’s wider expansion into high-technology sectors.Read more

12 Aug 2026

Gurugram civic authorities have demolished more than 30 illegal buildings as part of a citywide enforcement drive against unauthorised construction and encroachments. The action targeted structures and properties found violating applicable development and building norms, with civic teams carrying out demolition and enforcement operations at multiple locations. The drive is aimed at curbing unauthorised construction and reclaiming spaces affected by encroachment. Authorities have indicated that enforcement will continue against properties found in violation, placing renewed focus on compliance with planning and construction regulations across Gurugram.Read more

12 Aug 2026

Waaree Renewable Technologies Ltd has received a Letter of Award for setting up a 124 MWp DC solar power project. The project will include a 124 MWp DC/88 MW AC solar photovoltaic plant and an associated 132/33 kV Pooling Substation. The company will handle the engineering, procurement, construction, installation, testing and commissioning of the solar plant as well as the associated balance-of-system infrastructure. The scope also covers civil works and the complete execution of the pooling substation. The solar generation assets will be spread across multiple project sites.Read more

12 Aug 2026

Goa’s Town and Country Planning Department has notified around 9.73 lakh sq metres of land in parts of Mormugao and Salcete as non-developable areas under Section 39A of the Goa Town and Country Planning Act. The notification covers multiple land parcels identified for protection from development, including areas in Sao-Jorge Island in Mormugao. The move is part of the state’s efforts to restrict development in environmentally sensitive and ecologically important areas. The notification places the identified parcels outside the scope of normal development activity under the applicable planning framework.Read more

12 Aug 2026

An Air India Airbus A320 operating a Phuket-Delhi flight experienced a sudden loss of around 300 feet in altitude during cruise, with sources reporting multiple technical glitches, including an autopilot disconnection and triple hydraulic failures. The aircraft also encountered turbulence before stabilising and continuing its journey to Delhi. At least 17 passengers and crew members were reported injured in the incident. The Aircraft Accident Investigation Bureau (AAIB) has begun a probe, while France's BEA and Airbus are joining the investigation to provide technical assistance. The pilot's confirmatory psychoactive substance test is also awaited.Read more

12 Aug 2026

Canada’s Public Sector Pension Investment Board (PSP Investments) is exploring a potential sale of its Indian road assets held through Roadis, its global road investment platform. The pension fund is working with an adviser to assess a possible divestment that could value the assets at around USD 1.5 billion, including debt. The Indian portfolio has been an important contributor to Roadis’ growth. Preliminary interest has reportedly emerged from other investment firms and industry players, although discussions remain at an early stage and no final decision has been taken on a sale.Read more

12 Aug 2026

The Railways has approved a survey for a proposed 95-km broad-gauge railway line connecting Theni in Tamil Nadu with Erumeli in Kerala, an important gateway for pilgrims travelling to Sabarimala. The survey will assess the feasibility of establishing a direct rail connection between the two locations and will form the basis for preparing a detailed project report. Railway Minister Ashwini Vaishnaw confirmed the approval in Parliament. The proposal will require further appraisal, consultations with the state governments and necessary clearances before any construction decision is taken.Read more

12 Aug 2026

Athulya Senior Care has expanded its presence in Bengaluru with the inauguration of its third Integrated Geriatric Care Centre in Mathikere. The new facility, with around 100 beds, will provide assisted living, rehabilitation, memory care, emergency support and other senior-focused healthcare services under one roof. The launch comes as Karnataka faces a growing need for specialised elder care, with senior citizens accounting for 9.2% of the state's population. Athulya now operates more than 300 dedicated senior care beds in Bengaluru and over 1,500 beds across 12-plus locations in five Indian cities.Read more

12 Aug 2026

The Meghalaya government is set to establish its second state guest house in Navi Mumbai, with Kharghar selected as the proposed location. The facility is intended to provide accommodation and support services for officials, visitors and residents of Meghalaya travelling to the Mumbai metropolitan region. The proposed development will expand the state's institutional presence outside Meghalaya and strengthen its connectivity with one of India's major urban and commercial centres. Kharghar, a planned node of Navi Mumbai, has emerged as a significant residential and institutional hub with established transport and social infrastructure.Read more

12 Aug 2026

Average prices of luxury independent floors in South Delhi's Category A and B colonies increased by 6-21% year-on-year during April-June 2026, according to a report by Golden Growth Fund (GGF), a Category II real estate-focused Alternative Investment Fund. Category A colonies recorded the strongest gains, with 2,500 sq. ft. floors rising 21% to an average of INR 23 crore from INR 19 crore a year earlier. Prices for 6,000 sq. ft. floors increased 20%, reaching an average of INR 48.5 crore. In Category B colonies, 2,500 sq. ft. floors rose 10% to an average of INR 10.75 crore, while 3,200 sq. ft. floors increased 6% to INR 16.5 crore. GGF attributed the price movement to limited supply, redevelopment activity and demand from high-net-worth and NRI buyers.Read more

12 Aug 2026

Swedish real estate group SBB has appointed Andreas Morfiadakis as its new chief executive officer, replacing Leiv Synnes with immediate effect. The leadership change comes as SBB moves forward with its transition from an integrated property company into an investment company focused on social infrastructure businesses. Morfiadakis brings experience in real estate, company building and capital markets, having founded and led residential property company KlaraBo. The appointment follows several years of restructuring at SBB after the Swedish property market downturn put pressure on the company’s finances and business model.Read more

12 Aug 2026

Jet Airways founder Naresh Goyal has approached a special PMLA court in Mumbai seeking discharge from the money laundering case linked to an alleged INR 538.62 crore bank fraud involving Canara Bank. The court agreed to hear his plea after directing that he should not seek an adjournment during the proceedings. The prosecution has been asked to file its response before the matter is taken up again on August 17. Goyal was arrested by the Enforcement Directorate in 2023 and is currently out on medical bail. The case originated from a CBI FIR against Jet Airways and others.Read more

12 Aug 2026

The government is stepping up efforts to reduce road fatalities, with a target of cutting road accidents and deaths by half by 2030 and working towards zero road fatalities in the longer term. Road Transport and Highways Minister Nitin Gadkari said 100 districts with high accident rates have been identified for focused intervention, including action at accident-prone black spots. India recorded 5,13,563 road accidents and 1,83,382 deaths in 2025, with an average of 59 crashes and 21 fatalities every hour. Two-wheeler users accounted for the largest share of road deaths, highlighting the need for stronger compliance with helmet and traffic safety rules.Read more

12 Aug 2026

Brookfield India Real Estate Trust (BIRET) and NCW’s Prime Offices Fund have entered into binding agreements to jointly acquire 2.64 lakh square feet of institutional-quality office space in Mumbai’s Bandra-Kurla Complex (BKC) for an enterprise value of INR 1,700 crore. The property comprises three contiguous office floors and will be acquired from a Brookfield private real estate fund through an equal partnership. The transaction adds another Mumbai office asset to BIRET’s portfolio, while expanding the presence of NCW’s Prime Offices Fund in India’s institutional office market.Read more

12 Aug 2026

UK housebuilder Bellway has warned that its near-term outlook remains uncertain as weaker demand, higher mortgage rates and rising construction costs continue to weigh on the housing market. The company expects underlying operating profit for the financial year to come in at around GBP 320 million, at the lower end of its previous guidance. Bellway completed 9,695 homes during the year, above its earlier target, supported by bulk sales. However, its forward order book fell to GBP 1.20 billion. The company has also announced a GBP 50 million share buyback and renewed calls for government action on housing affordability.Read more

12 Aug 2026

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has granted an automatic four-month extension to the registration and completion timelines of eligible real estate projects in the state under the Force Majeure provisions of the Real Estate (Regulation and Development) Act, 2016. The order follows the Government of India's recognition of the prevailing West Asia situation as a Force Majeure event and an advisory from the Ministry of Housing and Urban Affairs to state regulators to provide a uniform extension. The measure applies to projects whose original, revised or extended completion dates fall on or after February 28, 2026. The extension is intended to address delays linked to global supply chain disruptions and logistical difficulties. Developers will not need to file individual applications to avail the extension, a move industry representatives said would provide greater regulatory certainty.Read more

12 Aug 2026

Raymond Realty is accelerating its expansion across Mumbai through an asset-light joint development agreement strategy, with six signed JDAs spanning prime locations including Bandra, Mahim, Sion and Wadala. The portfolio has an estimated gross development value of around INR 14,000 crore, while the company has set a target for JDA projects to contribute 50% of annual pre-sales by FY28. Its latest project, Invictus by GS, BKC, is a roughly two-acre redevelopment with an estimated revenue potential of more than INR 2,000 crore, marking the company’s move into Mumbai’s ultra-luxury segment.Read more

12 Aug 2026

The Maharashtra government has directed urban local bodies across the state to remove unauthorised hotels, dhabas, eateries and other commercial structures operating within the Right of Way (ROW) of National Highways. The order follows directions issued by the Supreme Court in April 2026 after a fatal road accident in Rajasthan. Existing unauthorised structures are to be demolished within 60 days, while licences and approvals for establishments in highway safety zones will be reviewed. District-level highway safety task forces will also be formed to monitor encroachments and strengthen enforcement.Read more

12 Aug 2026

Sri Lankan shares closed higher for a fourth consecutive session, supported by gains in real estate and communication services stocks. The CSE All Share Index rose 0.22% to 21,417.47, while trading volume increased marginally to 123.9 million shares. Market turnover more than doubled to 3.81 billion Sri Lankan rupees, equivalent to about USD 11.4 million. Foreign investors remained net sellers, selling shares worth 2.38 billion Sri Lankan rupees, while domestic investors bought stocks worth 3.79 billion Sri Lankan rupees. SMB Finance and Industrial Asphalts were among the leading gainers.Read more

Chennai News Desk

12 Aug 2026

Chennai Metro Rail Phase-II has achieved 54.62% physical progress on its planned 118.9-km network, with the Union government releasing INR 14,545.91 crore for the project so far. The INR 63,246-crore Phase-II project comprises three corridors Madhavaram-SIPCOT, Lighthouse-Poonamallee Bypass and Madhavaram-Sholinganallur with around 42 km underground. The project is being monitored by the Centre and Tamil Nadu government at multiple levels. Meanwhile, the 14.64-km Poonamallee Bypass-Vadapalani stretch, the first operational section of Phase-II, has completed mandatory safety clearances and is awaiting its inauguration date.Read more