8 minutes ago

Tattva Wellness Spa has expanded its presence in North India with the opening of its first outlet in Jalandhar at Radisson Hotel on GT Road. The new facility offers massage therapies, skincare treatments, salon services and wellness add-ons for hotel guests as well as local residents. The spa features dedicated therapy rooms, steam and shower facilities, and follows Tattva's element-inspired wellness philosophy. The launch further strengthens the brand's network, which now spans more than 120 locations across India through partnerships with hotels, resorts and standalone wellness centres.Read more

38 minutes ago

The Madhya Pradesh Rural Road Development Authority (MPRRDA) has invited bids for the repair and maintenance of rural roads and cross-drainage structures in Rewa district under the Pradhan Mantri Gram Sadak Yojana (PMGSY) and other government schemes. The contract covers roads that have completed their initial five-year maintenance period, with the selected contractor expected to undertake restoration and upkeep works to improve road quality, safety and connectivity across the project area.Read more

1 hour ago

Shiksha Financial Services India Private Limited has completed its first securitisation transaction with a housing finance company by partnering with DMI Housing Finance Private Limited. The deal involved the issuance of pass-through certificates worth INR 43.4 million backed by a pool of mortgage-backed loans. With this transaction, Shiksha's cumulative securitisation fundraising has crossed INR 200 million. The company said the deal expands its investor base while strengthening its long-term funding strategy. The transaction also reflects continued investor confidence in Shiksha's micro-loan against property portfolio, which primarily serves MSMEs and informal sector workers.Read more

Mumbai News Desk

1 hour ago

The Maharashtra government has approved a comprehensive redevelopment of Mumbai's Film City to transform the decades-old production complex into a modern entertainment and media hub. The proposed project aims to upgrade production infrastructure, introduce advanced filming facilities and improve supporting amenities to meet evolving industry requirements. The redevelopment is expected to enhance Maharashtra's competitiveness in the media and entertainment sector while creating opportunities for investment, employment and film tourism through a future-ready production ecosystem.Read more

2 hours ago

Mumbai's luxury housing market is witnessing a shift in buyer preferences, with greater focus on construction quality, developer credibility and long-term value alongside location. Sobha Inizio, located on Mumbai's Eastern Waterfront near Atal Setu, is positioned to benefit from improving connectivity and upcoming infrastructure projects. The development features sea-facing residences, wellness amenities and premium specifications. The company has also introduced a sales gallery and Mumbai's first developer museum to offer buyers greater insight into its construction practices, quality standards and development philosophy.Read more

2 hours ago

The European Investment Bank (EIB) Group has selected Nextensa’s Treemont development in Brussels as the future home of its Permanent Representation in the city. The relocation is planned for the second quarter of 2028 and marks a long-term office commitment in Brussels' European district. Treemont is being developed as a timber-framed, carbon-neutral office building with a strong focus on sustainability and modern workplace standards. The move highlights the growing demand for environmentally efficient office spaces among major European institutions.Read more

3 hours ago

Air India has announced that it will shift its operations at New York's John F. Kennedy International Airport from Terminal 4 to the newly developed Terminal 6 in 2028. The move is part of the airline's efforts to enhance the travel experience for passengers on its India-US routes. Along with relocating its operations, Air India will open its signature Maharaja Lounge at the new terminal. Until the transition takes place, the airline will continue operating its Delhi and Mumbai flights from Terminal 4 using Airbus A350 and Boeing 777 aircraft.Read more

3 hours ago

Foreign banks have passed on the Reserve Bank of India's policy rate cuts to borrowers and depositors more effectively than public and private sector banks during the current easing cycle, according to the RBI's latest monthly bulletin. The data showed that foreign banks recorded the steepest reductions in lending as well as deposit rates across both fresh and outstanding accounts. The central bank also noted that the transmission of policy rate cuts remained particularly strong in sectors linked to repo-based lending, including infrastructure, reflecting the growing impact of external benchmark-linked lending norms.Read more

4 hours ago

The Uttar Pradesh Police have registered an FIR against Ansal Group and four other individuals following allegations of cheating in a residential plot transaction valued at around INR 43 lakh. The complaint alleges that the buyer was induced to purchase a plot that was subsequently not handed over despite payment being made. The case has been registered after directions from the state government, and investigators are examining the transaction and the roles of those named in the complaint.Read more

4 hours ago

Aljazira REIT has renewed the lease agreement for Warehouse No. 2 in Block No. 10, also known as the Second Compound, extending the tenancy for another three years. The renewed contract carries an annual rental value of SAR 1.4 million, excluding VAT. The renewal reflects the REIT's continued focus on maintaining occupancy across its income-generating assets and ensuring stable rental income from its logistics and industrial property portfolio. Warehouse assets have remained an important segment for REITs amid sustained demand for storage and distribution facilities.Read more

5 hours ago

The Odisha government has launched a large-scale initiative to identify, reclaim and settle over 60,426 acres of land belonging to the Shree Jagannath Temple, Puri, spread across Odisha and six other states. The exercise aims to recover temple land under encroachment or involved in long-pending legal disputes while creating a comprehensive digital record of temple-owned properties. Of the total land identified, around 395 acres are located outside Odisha. The state government plans to work with authorities in other states to protect and recover these properties. The initiative is expected to strengthen land administration, improve transparency in temple asset management and safeguard one of India's largest religious landholdings for future generations.Read more

5 hours ago

Kerala highlighted its potential to become a preferred destination for Global Capability Centres (GCCs) during the Kerala GCC Outlook 2026 conclave held in Thiruvananthapuram. Industry experts pointed to the state's strong education ecosystem, skilled workforce, quality of life and startup ecosystem as major advantages. They also stressed the need for improved infrastructure, better connectivity, ready-to-move incubation spaces and stronger collaboration between academia, industry and the government. The discussions also underlined Kerala's lower employee attrition rates and the role of the state's global diaspora in attracting future GCC investments.Read more

6 hours ago

IKEA is planning to strengthen its presence in the Delhi-NCR market by expanding to around six stores over the next few years through a mix of city-format and large-format outlets. The company is set to open its second city-format store in the region at DLF Avenue, Saket, while large-format stores are already planned in Noida and Gurugram. The expansion is part of IKEA's broader India strategy, which includes increasing investments, expanding e-commerce operations, and reaching more customers through multiple retail formats.Read more

6 hours ago

The Odisha government has approved 23 investment proposals worth INR 4,573 crore through the State Level Single Window Clearance Authority (SLSWCA). The projects, spread across 11 districts, are expected to generate employment for nearly 23,000 people and cover sectors such as information technology, renewable energy, advanced manufacturing, healthcare, hospitality and apparel. Key approvals include HCL Technologies' global development centre, an alkaline electrolyser manufacturing unit by ACME Cleantech Solutions, a solar power plant, battery manufacturing, healthcare infrastructure and new five-star hotels, reflecting the state's continued focus on industrial growth and investment.Read more

6 hours ago

India is home to architectural wonders that go far beyond grand palaces and modern skyscrapers. Hidden across forests, mountains and rocky landscapes are extraordinary homes that have been carved into caves, built around ancient trees or seamlessly blended into hillsides. Many were created centuries ago, while others are modern marvels inspired by nature. These unique homes tell stories of survival, tradition, craftsmanship and sustainable living. Here are eight remarkable Indian homes that prove some of the country's most fascinating residences are those built in harmony with nature.Read more

7 hours ago

A consortium backed by BlackRock and Abu Dhabi investment fund MGX has committed an additional USD 5 billion in growth capital to Aligned Data Centers after completing its USD 40 billion acquisition of the US-based data centre operator from Macquarie Asset Management. The investment forms part of the consortium's broader strategy to expand digital infrastructure supporting artificial intelligence (AI) and cloud computing. Aligned Data Centers currently operates or is developing 51 data centre campuses with more than 6.4 gigawatts (GW) of operational and planned capacity globally. The consortium plans to deploy USD 30 billion in equity initially, with total investments potentially reaching USD 100 billion, including debt.Read more

7 hours ago

The National Highways Authority of India (NHAI) has revised its consultancy contract norms for National Highway projects by introducing minimum monthly remuneration for key engineering professionals and updating the engagement policy for site engineers. The changes are aimed at attracting experienced professionals, creating better career opportunities for young engineers, and retaining technical expertise within the highway sector. NHAI has also amended its consultancy contract documents to ensure trained field engineers can move into consultancy roles, helping improve project supervision and the long-term quality of highway infrastructure.Read more

7 hours ago

CSB Bank reported a 27% year-on-year increase in its net profit for the first quarter of FY27, supported by healthy growth in its core banking income. The private sector lender recorded higher total income, interest income and net interest income during the quarter, reflecting steady business growth. Asset quality also improved, with both gross and net non-performing assets declining compared to the corresponding period last year. Lower provisions further supported profitability, although the bank's capital adequacy ratio moderated from the year-ago level while remaining comfortably above regulatory requirements.Read more

8 hours ago

Mahindra Holidays & Resorts India Ltd (MHRIL) reported a consolidated net loss of INR 8.56 crore for the first quarter of FY27, compared with a profit of INR 7.17 crore in the corresponding period last year. The company attributed the decline to growth-related costs in its domestic business and geopolitical uncertainties affecting its international operations. Despite the loss, revenue from operations increased to INR 732.81 crore from INR 701.40 crore a year earlier. MHRIL said it remains on track to add around 1,000 resort keys during FY27 and continues to target a portfolio of 10,000 keys by FY30, despite project execution challenges linked to supply chain constraints and labour shortages.Read more

8 hours ago

Singapore has launched a new green government infrastructure bond, aiming to raise between SGD 2.1 billion and SGD 2.6 billion (around USD 2 billion) to finance eligible long-term infrastructure projects. The 20-year bond, issued by the Monetary Authority of Singapore (MAS) on behalf of the government, is being offered to both retail and institutional investors. The proceeds will support projects under the country's Green Bond Framework, reinforcing Singapore's efforts to fund sustainable infrastructure while expanding its green financing programme through the domestic capital market.Read more

9 hours ago

KFin Technologies has entered into a long-term lease for more than 2.42 lakh sq ft of office space in Kokapet, Hyderabad, with a total rental commitment of about INR 282.85 crore over 15 years. The office will support the company's future operational and workforce requirements as it expands its presence in Hyderabad. The transaction adds to the growing volume of large commercial leasing deals in the city's western corridor, where demand continues to be driven by technology, financial services and Global Capability Centre (GCC) occupiers.Read more

9 hours ago

The Department of Land Resources (DoLR) has clarified that the NAKSHA urban land survey will not alter property ownership, land boundaries or existing legal titles, dismissing rumours surrounding the ongoing pilot project in Goa. Implemented under the Digital India Land Records Modernization Programme (DILRMP), the GIS-based initiative aims to create accurate digital maps of urban land parcels to improve land administration, planning and public infrastructure.The government said the rights of non-resident property owners and people living abroad remain fully protected, with multiple verification stages ensuring that absence during the survey does not affect ownership. Following the completion of field surveys, the public verification process in the Goa pilot area will be held from July 16 to August 14, 2026, allowing property owners to verify records using existing ownership documents.Read more

10 hours ago

NHPC has announced an ex gratia payment of INR 5 lakh to the next of kin of each worker who lost their life in the tunnel collapse at its under-construction Teesta Stage-VI Hydroelectric Project in Sikkim. Rescue operations are continuing with the support of multiple central, state and local agencies to locate the remaining trapped workers. Senior NHPC officials are overseeing the operation at the site. The incident, suspected to have been triggered by a methane gas explosion, has once again raised concerns over safety measures at large infrastructure and hydropower construction projects.Read more

10 hours ago

Punjab & Sind Bank is preparing to expand its international banking operations by launching an International Financial Services Centre (IFSC) Banking Unit at GIFT City in Gandhinagar by November this year. After receiving approvals from the Reserve Bank of India and the International Financial Services Centres Authority (IFSCA), the bank has begun IT integration and staffing for the new unit. The branch is expected to support foreign currency deposit mobilisation, external borrowings and foreign exchange business. Alongside this expansion, the bank has also reported improved quarterly financial performance driven by higher income and better asset quality.Read more

11 hours ago

The Haryana government has restored the suspension on approvals for stilt-plus-four (S+4) residential buildings while proceedings on the matter continue before the Punjab and Haryana High Court. The Town and Country Planning Department has instructed field offices to stop granting fresh permissions until further directions are issued. The decision is intended to ensure that building approvals remain aligned with the ongoing judicial process and the state's regulatory review of the S+4 housing policy.Read more

11 hours ago

UCO Bank reported an 8% year-on-year increase in its net profit for the first quarter of FY27, supported by higher income, improved interest earnings and a sharp rise in operating profit. The state-owned lender also recorded better asset quality, with both gross and net non-performing assets declining compared to the same period last year. Lower provisions for bad loans and a stronger capital adequacy ratio further strengthened its financial position, although its return on assets saw a marginal decline during the quarter.Read more

12 hours ago

Anant Raj Ltd has approved a restructuring plan to separate its data centre and cloud services business from its real estate operations through a demerger. The move will consolidate the company's digital infrastructure business under a dedicated entity while allowing both businesses to pursue independent growth strategies. Existing shareholders will receive shares in the new company after the demerger. The decision comes as the developer continues to expand its data centre footprint alongside its core real estate business and reports strong financial growth in FY26.Read more

12 hours ago

The Centre has ruled out runway expansion at the Shimla and Kullu airports, citing geographical constraints that make such projects technically unviable. An expert committee has instead recommended identifying a new site to meet Shimla's future aviation requirements. Meanwhile, the proposed expansion of Kangra Airport remains under consideration but is contingent on the completion of land acquisition. The developments reflect the challenges of strengthening air connectivity in Himachal Pradesh's mountainous terrain while balancing engineering feasibility, environmental concerns and infrastructure needs.Read more

13 hours ago

India needs to address structural issues such as high trade costs, regulatory complexity, infrastructure gaps and barriers to global trade integration to achieve its goal of becoming a developed nation by 2047, according to the World Trade Organization's latest Trade Policy Review. While the report acknowledged India's strong economic growth, financial inclusion efforts and expanding free trade agreements, it also highlighted the need for further reforms to improve competitiveness, attract foreign investment and strengthen India's position in global value chains amid growing external trade challenges.Read more

13 hours ago

Mahindra & Mahindra Financial Services reported a strong financial performance in the first quarter of FY27, driven by improved net interest margins, lower impairment provisions and healthy loan disbursement growth. The company also maintained stable asset quality despite some pressure in select segments and continued to diversify its loan portfolio beyond vehicle financing. Management said the company has started its long-term growth plan positively and remains confident of sustaining healthy margins while expanding its assets under management over the coming years.Read more

14 hours ago

Ocado has secured a new agreement to build a large robotic warehouse for a fast-growing European retailer, providing fresh momentum to its technology solutions business after a challenging period. The automated facility is expected to become operational in 2028 and will use Ocado's latest fulfilment technology. The deal comes after the company's shares came under pressure following weak first-half results and amid changes in its partnerships in North America. The agreement also follows Ocado's recent technology partnership with Asda, reflecting its continued focus on expanding its automation business.Read more

14 hours ago

The Lucknow Municipal Corporation (LMC) has approved a One-Time Settlement (OTS) scheme to help house tax defaulters clear pending dues by offering relief on accumulated interest and penalties. The initiative aims to improve tax recovery while easing the financial burden on property owners whose outstanding liabilities have increased due to delayed payments and revised property assessments. Civic officials expect the scheme to encourage voluntary compliance, strengthen municipal finances and generate additional revenue for infrastructure development and public services across the city. Eligible property owners will be able to settle their dues within the notified period under the scheme, with the detailed operational framework and implementation guidelines to be announced by the municipal corporation.Read more

15 hours ago

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that benefits arising from redevelopment agreements cannot automatically be taxed as property receipts under the "Income from Other Sources" provisions of the Income-tax Act. The tribunal observed that redevelopment arrangements involve an exchange of legally enforceable rights supported by consideration rather than a gratuitous transfer of property. The ruling provides judicial clarity on the taxation of redevelopment transactions and is expected to guide the assessment of similar cases involving homeowners and redevelopment projects.Read more

15 hours ago

GreenLine Mobility has partnered with Dabur India to deploy LNG-powered trucks for the FMCG company's logistics operations across India. The collaboration is aimed at reducing emissions from long-haul freight while maintaining operational efficiency and reliability. It also aligns with Dabur India's sustainability goals and reflects the increasing adoption of lower-emission transport solutions by Indian businesses. GreenLine, which operates a fleet of more than 1,000 LNG-powered trucks across key freight corridors, continues to expand its presence across sectors including FMCG, steel, cement, mining and chemicals.Read more

16 hours ago

The Municipal Corporation of Gurugram (MCG) is facing a backlog of around 5,000 pending property ID applications, delaying property-related services and transactions for residents. Officials attributed the pendency to an increase in applications, administrative delays and the recent reshuffling of clerical staff, which slowed the verification and approval process. MCG has begun deploying additional personnel and streamlining digital processes to expedite approvals and reduce the backlog, while assuring applicants that pending cases will be cleared in phases. Property IDs are essential for services such as property tax assessment, ownership verification and property transactions, making timely processing crucial for residents and the real estate sector.Read more

16 hours ago

HDFC Bank shares extended their losing streak for the third consecutive session, with the stock declining more than 8 per cent over three trading days and eroding nearly INR 1 lakh crore from the bank's market capitalisation. The sharp fall came despite the lender reporting a rise in June quarter net profit, as investors remained concerned about pressure on net interest margins (NIMs) and weaker operating performance. The decline also pushed HDFC Bank to the third position in India's market capitalisation rankings, behind Reliance Industries and Bharti Airtel.Read more

17 hours ago

Air India will resume non-stop flights between Delhi and Toronto from August 1 by deploying its new Boeing 787-9 Dreamliner aircraft on the route. The airline will also increase flight frequency from five weekly services to a daily schedule. The move comes more than a year after the closure of Pakistan's airspace forced Air India to operate longer routes with a fuel stop in Vienna. The new aircraft will reduce travel time by nearly three hours and offer upgraded cabin products across business, premium economy and economy classes as part of the airline's fleet modernisation.Read more

17 hours ago

The National Bank for Agriculture and Rural Development (NABARD) has approved financial assistance of nearly INR 15,056 crore for 6,175 rural infrastructure projects in Haryana under the Rural Infrastructure Development Fund (RIDF). The investment will support infrastructure such as roads, irrigation systems and drinking water facilities while strengthening rural connectivity and public services. The announcement coincided with NABARD's 45th Foundation Day celebrations, where the institution also highlighted its ongoing initiatives in rural finance, farmer collectives, women's empowerment and sustainable agricultural development.Read more

18 hours ago

Merlinhawk Aerospace has partnered with Boeing Defence India to provide in-country maintenance and lifecycle support for advanced Electro-Optical/Infrared (EO/IR) systems used on Indian military platforms. The collaboration will be supported through Merlinhawk's L3Harris WESCAM Authorised Service Centre in Bengaluru, helping reduce dependence on overseas repairs. The partnership is expected to improve turnaround time, fleet availability and mission readiness while supporting the government's focus on strengthening indigenous defence manufacturing and sustainment capabilities under the Atmanirbhar Bharat initiative.Read more

18 hours ago

IndiaMART InterMESH Ltd reported a steady financial performance for the first quarter of FY27, driven by growth in its core business and accounting software segment. The company's net profit and revenue both recorded double-digit year-on-year growth, while expenses also increased in line with business expansion. Total income crossed INR 521 crore during the quarter, supported by higher operational revenue and other income. The results reflect continued demand for the company's digital B2B marketplace and related software offerings.Read more

23 Jul 2026

Gurugram Police have registered a case against Orris Infrastructure Pvt Ltd, its directors Vijay Gupta and Amit Gupta, and authorised signatory Jitender Singh over allegations of cheating and criminal conspiracy linked to a land collaboration agreement in Badha village near Manesar. The complainants, who are legal heirs of the original landowners, alleged that plots promised under a development agreement were subsequently transferred to third parties despite earlier allotment letters issued in their favour. The FIR was registered on 7 July under Sections 420 and 120-B of the Indian Penal Code (IPC). Police said the matter is under investigation and legal action will be taken based on the findings.Read more

23 Jul 2026

Steel Authority of India Ltd (SAIL) has granted in-principle approval to expand the capacity of its flagship Bhilai Steel Plant in Chhattisgarh from 6.8 million tonnes per annum (MTPA) to 10.2 MTPA with an estimated investment of INR 31,000 crore. The project is expected to create direct and indirect employment during construction and operations. The expansion will be supported by raw materials sourced from SAIL's captive mines as well as domestic and imported supplies, with the project targeted for completion within 42 months.Read more

23 Jul 2026

Austria has officially converted Adolf Hitler’s birthplace in Braunau am Inn into a police station, ending years of debate over the future of the historic building. The government believes the move will reduce its appeal as a destination for neo-Nazi visitors by removing its symbolic association with Hitler. While many local residents have welcomed the decision, Holocaust remembrance groups argue that the redevelopment does not do enough to acknowledge the crimes of the Nazi regime. The project reflects Austria’s continuing effort to address one of the most sensitive parts of its history.Read more

23 Jul 2026

Uttar Pradesh Chief Minister Yogi Adityanath inaugurated and laid the foundation stone for development projects worth around INR 574 crore in Bulandshahr, reinforcing the state's focus on infrastructure-led growth and public welfare. The projects span roads, civic infrastructure, education, drinking water and other public amenities aimed at improving services across the district. During his visit, the Chief Minister also interacted with beneficiaries of government welfare schemes and outlined the state's emphasis on strengthening infrastructure, governance and regional economic development.Read more

23 Jul 2026

China continues to lead the world in large-scale wind and solar energy development, but a significant portion of electricity transmitted from its renewable energy megabases still depends on coal-fired power, according to a new report by Global Energy Monitor. While renewable capacity is expanding rapidly, limited transmission infrastructure and the continued use of coal for grid stability remain major challenges. The report also highlights the need for more energy storage systems to improve renewable integration and reduce dependence on coal in the country's long-distance power transmission network.Read more

23 Jul 2026

The Andhra Pradesh government has initiated the acquisition of 1,903 acres in Srikakulam district for the second phase of the Mulapeta Port project, reinforcing its strategy to expand maritime infrastructure along the state's coastline. The land will support the development of port-related facilities and improve cargo handling capacity. The move forms part of a broader programme under which the state has approved land acquisition for multiple port projects aimed at strengthening logistics, industrial growth and coastal connectivity.Read more

23 Jul 2026

Flexible workspace operator 315Work Avenue has leased 45,000 sq ft of office space at Bhartiya City, Thanisandra, Bengaluru, as part of its expansion strategy in India's managed office market. The new enterprise-grade workspace is intended to meet rising demand from enterprises, Global Capability Centres (GCCs), technology companies and high-growth start-ups seeking flexible office solutions. The transaction was facilitated by Colliers India. Bengaluru-based 315Work Avenue currently manages around 4 million sq ft of office space, comprising 80,000 seats across 55 locations in Bengaluru, Chennai, Hyderabad, Mumbai and Pune, strengthening its presence in key commercial markets.Read more

23 Jul 2026

A total of 629 out of 1,191 under-construction national highway projects have exceeded their original completion schedules, Union Road Transport and Highways Minister Nitin Gadkari informed Parliament in the past week. In separate replies to the Rajya Sabha, the minister also said 103 contractors and concessionaires were blacklisted or penalised between FY24 and FY26 for poor-quality highway construction. The government is implementing a phased rollout of Advanced Traffic Management Systems (ATMS) across 52,647 km of four-lane and wider national highways and expressways. Gadkari also said 6,358 black corridors have been identified using AI-based tools, while more than 77 lakh FASTag Annual Passes had been issued by June 2026.Read more

23 Jul 2026

Ashiana Housing Ltd has sold 224 premium residential units worth INR 372.45 crore at its Ashiana Oma project in Jaipur, reflecting sustained demand for organised housing in the city. Developed under a revenue-sharing joint venture model, the 10.35-acre project comprises 280 residential units and is located at Mansarovar Extension, Jaisinghpura, along Jaipur's Ajmer Road corridor. The homes sold account for around 4.80 lakh sq ft of saleable area. The listed developer said the strong response indicates increasing buyer preference for planned residential communities offering quality construction, open spaces and long-term value. Ashiana Housing has delivered more than 55 projects across its portfolio.Read more

23 Jul 2026

Long Yuan Construction Group has announced that one of its subsidiaries has won a contract worth 556.2 million yuan for the construction of an auto science and technology base project. The development marks another addition to the company's project portfolio and is expected to support its order book. While the company has not disclosed further details about the project, the contract highlights its continued participation in large-scale infrastructure and industrial construction projects in China amid ongoing investments in manufacturing and technology facilities.Read more