23 minutes ago

The Reserve Bank of India (RBI) has imposed monetary penalties on Bank of Baroda and GIC Housing Finance Ltd for deficiencies in regulatory compliance identified during statutory inspections. Bank of Baroda has been fined INR 63.6 lakh for non-compliance with provisions relating to the Fair Practices Code for Lenders and Know Your Customer (KYC) norms, while GIC Housing Finance has been penalised INR 3.1 lakh for shortcomings in implementing KYC risk review requirements. The RBI clarified that the penalties relate to regulatory compliance deficiencies and do not affect the validity of transactions or agreements entered into with customers.Read more

53 minutes ago

A Mumbai sessions court has denied bail to Rajendra Lodha, former director of Lodha Developers, in connection with an alleged INR 181 crore corporate land fraud case. The court held that the material collected during the investigation indicated his prima facie involvement in the alleged conspiracy and observed that economic offences undermine public confidence in commercial and financial institutions. The court also noted that the investigation remains incomplete, with an auditor's report still awaited, and expressed concerns that the accused could influence witnesses if released. The case relates to alleged irregularities in land transactions and misuse of fiduciary responsibilities while serving as a director of the company.Read more

1 hour ago

A massive wildfire burning in southwestern France has forced the evacuation of 10,000 residents from nearly two dozen towns and villages near the Spanish border after scorching around 4,600 hectares in the foothills of the French Pyrenees. Authorities warned that strong winds and prolonged heatwave conditions could accelerate the blaze, complicating firefighting efforts. The wildfire has also disrupted the Tour de France, while neighbouring Spain continues battling separate fires in Catalonia and Castellón, highlighting the growing impact of extreme weather and wildfire risks across southern Europe.Read more

1 hour ago

The Brihanmumbai Municipal Corporation (BMC) has directed developers, contractors and other construction stakeholders to suspend hazardous construction activities and implement enhanced safety measures across project sites following a red alert for extremely heavy rainfall and strong winds in Mumbai. The advisory mandates inspections of scaffolding, cranes, material hoists and other temporary structures, while requiring the suspension of lifting operations and work at height where weather conditions pose a safety risk. The civic body has also instructed construction agencies to secure loose materials, conduct site-wide safety inspections and ensure workers use appropriate protective equipment until weather conditions improve. Compliance with the advisory has been made mandatory.Read more

2 hours ago

• Three workers lost their lives and several others remain missing after a rain-triggered landslide struck a tunnel construction site in Kerala's Wayanad district.
• Rescue teams, including the NDRF, SDRF, Fire and Rescue Services, police and local volunteers, are continuing search operations despite heavy rainfall and unstable terrain.
• Nine injured workers have been rescued and admitted to hospitals, while authorities are assessing the damage and investigating the cause of the incident.
• The tragedy has once again raised concerns over infrastructure work in Wayanad's landslide-prone areas, especially during the monsoon season.Read more

2 hours ago

Sobha Ltd reported its highest-ever quarterly sales bookings of INR 3,656.1 crore during the first quarter of FY27, marking a 76 per cent increase from the corresponding period last year. The Bengaluru-based developer sold 1,432 homes and plots spanning 2.34 million sq ft, supported by strong demand for newly launched projects in Bengaluru and Gurugram. Bengaluru accounted for more than half of the company's total sales value, while Delhi-NCR contributed nearly 38 per cent. During the quarter, Sobha also launched 6.89 million sq ft of saleable area across three projects and completed 671 homes across eight developments.Read more

3 hours ago

The Odisha government has signed a memorandum of understanding (MoU) with UAE-based International Holding Company (IHC) and the Adani Group to establish an integrated greenfield aluminium project involving an investment of INR 1.10 lakh crore. Described by the state government as the largest foreign direct investment (FDI) proposal in Odisha's history and the biggest in India's metallurgy sector, the project will comprise an alumina refinery, aluminium smelter, captive power plant, downstream manufacturing park and supporting infrastructure. The development is expected to generate around 53,500 direct and indirect jobs, strengthen the state's aluminium value chain, and support manufacturing across multiple industries. The project will be implemented in two phases, subject to statutory approvals.Read more

3 hours ago

Himachal Pradesh's forts and royal residences preserve the legacy of its former hill kingdoms while continuing to shape the state's cultural and tourism landscape. From medieval hill forts to royal palaces converted into heritage destinations, these landmarks reflect centuries of architecture, governance and craftsmanship. Recent conservation initiatives and tourism-led restoration projects undertaken during FY2025-26 have renewed attention on several historic sites, ensuring they remain important symbols of Himachal Pradesh's architectural and cultural identity.Read more

3 hours ago

A total of 174 families have been relocated to facilitate the construction of terminal stations for Mumbai's proposed Pod Taxi project in Bandra-Kurla Complex (BKC). The rehabilitation clears the way for implementing India's first large-scale automated personal rapid transit system, designed to improve last-mile connectivity within BKC. The project, estimated to cost INR 1,016.34 crore, will operate on a public-private partnership (PPP) model and is expected to serve the growing commuter base travelling between BKC and nearby railway stations. Construction is planned over three years, followed by a 30-year concession period.Read more

4 hours ago

Raymond Realty Ltd has reported sales bookings of INR 700 crore for the first quarter of FY27, more than doubling from INR 306 crore recorded in the corresponding period last year. The company attributed the growth to sustained demand for its premium residential portfolio despite not launching any new housing projects during the quarter. Customer collections also increased to INR 550 crore, while borrowings rose to support ongoing construction and working capital requirements for projects launched during FY26. As of June 30, the company reported outstanding borrowings of INR 1,097 crore, liquidity of INR 270 crore and a net debt position of INR 827 crore.Read more

4 hours ago

Home affordability remained stable across six of India's eight major residential markets during the first half of 2026, according to Knight Frank India's Affordability Index. While affordability improved marginally in Ahmedabad and Pune due to lower home loan interest rates, Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) continued to exceed the affordability threshold despite showing gradual improvement. The report attributes the resilience to stable lending rates, sustained income growth and moderate housing prices, indicating that residential demand remains well supported across most key urban markets.Read more

Ludhiana News Desk

4 hours ago

Four illegally constructed commercial buildings were demolished by the Ludhiana Municipal Corporation (MC) as part of an enforcement drive against unauthorised constructions violating building bylaws. The action targeted three buildings in Model Town Extension and one in Model Town Gol Market, where construction had proceeded without mandatory approvals. Civic officials said the demolition was carried out following routine inspections and reiterated that similar action would continue against violators. The drive forms part of the corporation's broader effort to strengthen compliance with urban planning regulations and curb unauthorised commercial development in the city.Read more

5 hours ago

• L&T Finance plans to raise INR 1,000 crore through two bond issuances, comprising a reissue of its June 2031 securities and a fresh three-year-and-three-month bond.
• The company has proposed a yield of 7.98% on the reissued bonds and a 7.85% coupon on the new debt.
• The fundraising reflects continued reliance on the domestic bond market by NBFCs to diversify funding sources and support lending operations.
• The proposed issues are expected to attract institutional investors amid sustained demand for high-quality corporate debt.Read more

5 hours ago

Tata Power Solaroof, a part of Tata Power Renewable Energy Limited, has launched the 'Ghar Ghar Solar' campaign in Punjab, targeting the installation of rooftop solar systems with battery energy storage solutions across one lakh households over the next three years. According to the company, the initiative combines rooftop solar, battery storage and financing support to encourage wider adoption of distributed renewable energy. The programme aligns with the Centre's PM Surya Ghar Muft Bijli Yojana, under which eligible households can avail subsidies for rooftop solar installations. Tata Power has also introduced a village-focused campaign to promote community participation in solar adoption across rural and semi-urban areas.Read more

6 hours ago

Odisha Real Estate Regulatory Authority (ORERA) has directed all registered real estate agents to strengthen their anti-money laundering (AML) and counter-terrorism financing (CTF) compliance by verifying clients against the latest United Nations Security Council (UNSC) sanctions list. The directive follows communications from the Director General of Audit, Indirect Taxes & Customs, and requires agents to comply with obligations under the Prevention of Money Laundering Act (PMLA) and related rules. The move reinforces due diligence requirements, strengthens regulatory oversight and aligns Odisha's real estate sector with global financial compliance standards.Read more

6 hours ago

The Himachal Pradesh government has initiated the process of taking over three hydropower projects previously allotted to SJVN, including the 382 MW Sunni project, as part of its efforts to secure greater benefits from the state's natural resources. Chief Minister Sukhvinder Singh Sukhu also directed officials to renegotiate the terms of the 500 MW Duggar hydroelectric project being developed by NHPC following proposed changes to its design. Separately, the state highlighted the resolution of the long-pending Kishau dam project, under which Himachal Pradesh is expected to receive 211 MW of free power without capital investment, generating an estimated INR 600 crore in annual revenue.Read more

7 hours ago

Office space leasing across India's nine major cities increased 10% year-on-year to a record 45.5 million sq ft during the first half of 2026, according to CBRE. The performance was driven by sustained demand from Global Capability Centres (GCCs) and flexible workspace operators despite global economic uncertainty. Gross leasing by GCCs rose to 19.6 million sq ft, while co-working operators leased 11.1 million sq ft during the period. New office supply reached 32 million sq ft, the highest ever recorded for the first half of a calendar year. CBRE said demand remained broad-based across occupier categories, with tenants continuing to prioritise high-quality, sustainable and flexible office spaces.Read more

7 hours ago

The Haryana government is strengthening its digital land administration framework through the rollout of the upgraded Paperless Registration 2.0 and Auto-Mutation system. Chief Minister Nayab Singh Saini has directed officials to simplify property registration, land transaction and mutation services by making them transparent, secure and time-bound. The upgraded platform introduces Aadhaar-based e-KYC, biometric authentication, digital signatures and QR code-enabled document verification, while integrating online approvals from government departments. The state has also set deadlines for clearing pending mutation and Khata Kasht cases, alongside exploring online property registration for non-resident Haryana residents through video-based verification to improve accessibility and service delivery.Read more

8 hours ago

Sunsure Energy has secured a financing commitment of INR 262 crore for the development of a 75 MWp open-access solar project in Ilayangudi, Tamil Nadu. The funding package is led by Dutch entrepreneurial development bank FMO, with the remaining approximately INR 71 crore sanctioned by Axis Bank. According to the company, the transaction marks FMO's first project financing in India's Group Captive Commercial and Industrial (C&I) renewable energy segment. The project will supply renewable electricity to commercial and industrial consumers across Tamil Nadu through the open access mechanism, supporting businesses in reducing dependence on conventional power sources and advancing their clean energy transition.Read more

8 hours ago

• Prime Minister Shri Narendra Modi launched the Modified UDAN Scheme with an outlay of nearly INR 29,000 crore to strengthen regional air connectivity and aviation infrastructure over the next 10 years.
• The scheme aims to develop 100 aerodromes, 200 helipads and provide continued support for regional airport operations and airline connectivity across underserved areas.
• The Prime Minister also inaugurated the new terminal building at Jodhpur Airport, developed at a cost of INR 480 crore to cater to growing passenger demand.
• The initiatives are expected to enhance regional connectivity, promote tourism and trade, and support inclusive economic development in line with the vision of Viksit Bharat 2047.Read more

9 hours ago

Luxury Roof, a real estate platform specialising in premium residential properties, has announced an expanded focus on luxury housing markets in Gurugram and Bengaluru. The company said it offers curated listings across high-end residential developments, including apartments, villas and integrated townships, targeting homebuyers and investors seeking premium properties. According to the company, the platform provides access to projects developed by established real estate brands in key micro-markets across both cities. Luxury Roof stated that its services are intended to help buyers evaluate projects through verified listings, market information, pricing trends and location insights while supporting informed property purchase and investment decisions.Read more

9 hours ago

Tata Power Renewable Energy Ltd (TPREL) has commissioned the 100.8 MW Jewali Wind Project in Dharashiv district, Maharashtra, expanding its operational renewable energy portfolio. According to the company, the project will supply electricity to Tata Power Mumbai Distribution to support Renewable Purchase Obligation (RPO) compliance. The wind farm is expected to generate around 299 million units of electricity annually and reduce carbon dioxide emissions by an estimated 245 million kg each year. With the commissioning, TPREL's wind portfolio has crossed 3.9 GW, while its total renewable utility capacity has reached 11.6 GW, including projects under construction across multiple states.Read more

10 hours ago

Kolkata-based Ganesh Industrial Complex plans to invest around INR 600 crore in developing industrial parks across the Delhi-NCR region as it expands its presence amid growing demand for industrial and logistics infrastructure. The company is currently developing an industrial park at Sohna while acquiring additional land in Haryana, with plans to establish a footprint of about 110 acres in the region. It currently holds a land bank of more than 2,500 acres across Delhi-NCR and West Bengal, including over 1,000 acres earmarked for future developments. The expansion is being driven by improved transport infrastructure, growing manufacturing activity and increasing demand for warehousing and industrial facilities.Read more

Chennai News Desk

10 hours ago

• Arihant Foundations & Housing has acquired over half an acre of prime land on Anna Salai (Mount Road), Chennai, adjacent to Hyatt Regency, to develop a Grade A commercial office project.
• The proposed development has an estimated Gross Development Value (GDV) of INR 300 crore and is designed as a boutique office complex catering to premium corporate occupiers.
• The project is expected to meet growing demand from Global Capability Centres (GCCs), IT companies, financial institutions and engineering firms seeking high-quality office space in Chennai's central business district.
• The acquisition strengthens Arihant Foundations' commercial real estate portfolio and aligns with its strategy of expanding through premium land acquisitions in high-value urban micro-markets, following its recent investment near Boat Club.Read more

11 hours ago

Union Minister for Road Transport and Highways Nitin Gadkari reviewed the progress of multi-modal logistics parks (MMLPs), ropeway projects, intermodal stations and wayside amenities being developed across India during a meeting of the National Highways Logistics Management Ltd (NHLML). The review focused on project implementation, multimodal connectivity and infrastructure delivery. Gadkari assessed project-specific challenges and directed stakeholders to address execution bottlenecks on priority to accelerate completion. According to the government, the projects are intended to improve logistics efficiency, strengthen connectivity across transport modes, lower transportation costs and support regional economic development through the creation of integrated transport infrastructure.Read more

11 hours ago

The Airports Economic Regulatory Authority (AERA) is unlikely to extend the 25% reduction in landing and parking charges for domestic flights at major airports after the expiry of the three-month relief period, according to sources. The waiver, introduced in the past quarter following a directive from the Ministry of Civil Aviation, was intended to ease financial pressure on airlines amid disruptions arising from tensions in West Asia. Airport operators have not received any communication extending the concession, indicating that the reduced tariff has lapsed. The development comes after private airport operators sought the restoration of normal charges and requested permission to recover the revenue forgone during the concession period.Read more

12 hours ago

State-owned Power Grid Corporation of India Ltd (Powergrid) has secured a green loan of JPY 80 billion from the Japan Bank for International Cooperation (JBIC) to finance the Khavda–Nagpur High Voltage Direct Current (HVDC) transmission project. The loan agreement was signed in the past month and forms part of the financing for transmission infrastructure required to integrate renewable energy into India's power grid. According to the company, the funding reflects continued collaboration between Powergrid and JBIC in developing critical electricity transmission assets. JBIC, headquartered in Tokyo, is Japan's policy-based financial institution and is wholly owned by the Japanese government.Read more

12 hours ago

The Central government is preparing a comprehensive strategy to attract global pension funds and sovereign wealth funds (SWFs) to finance India's expanding infrastructure pipeline and net-zero transition. The initiative targets long-term investors from countries including Australia, Japan, Canada, the UAE, Saudi Arabia and Norway, while leveraging platforms such as the National Investment and Infrastructure Fund (NIIF). The move aims to bridge India's projected USD 6.5 trillion climate financing gap by encouraging greater participation in highways, railways, ports, airports and renewable energy projects through stable policy support and investment-friendly financing structures.Read more

Chennai News Desk

13 hours ago

• India's real estate sector attracted USD 2.9 billion in institutional investments during the second quarter of CY2026, according to a recent report.
• Chennai and Bengaluru together accounted for nearly 27% of the total investment inflows, driven by strong demand for commercial and industrial assets.
• Domestic capital continued to gain momentum alongside sustained foreign investor participation.
• The report indicates that resilient office leasing, expanding logistics infrastructure and data centre investments are supporting continued investor confidence across major property markets.Read more

13 hours ago

Tata Steel is working with the Dutch government to develop a long-term transition plan for its steel operations in the Netherlands as the company responds to increasingly stringent environmental regulations that now exceed European Union standards. The discussions focus on ensuring Tata Steel Nederland remains environmentally compliant, financially viable and operationally sustainable. The company is progressing with a low-carbon transformation programme at its IJmuiden plant, while also strengthening its energy security through the acquisition of Vattenfall's co-generation power plants. Separately, Tata Steel continues to advance its decarbonisation strategy in the UK through a major investment in a new electric arc furnace at Port Talbot.Read more

14 hours ago

• The India Meteorological Department (IMD) issued the season's first red alert for Mumbai and adjoining districts as intense monsoon activity triggered widespread heavy rainfall.
• Several parts of Mumbai recorded more than 100 mm of rainfall within 24 hours, causing waterlogging, traffic congestion and disruption to suburban rail and road transport.
• Civic authorities intensified flood response measures, while schools in some neighbouring districts were shut as a precaution and residents were advised to avoid unnecessary travel.
• The IMD attributed the weather to multiple active monsoon systems and warned that heavy to extremely heavy rainfall could continue over Konkan and adjoining regions in the coming days.Read more

14 hours ago

GK Energy has secured an INR 235.92 crore contract from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to deploy 10,000 solar-powered agricultural water pumping systems across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana. The project covers the design, manufacture, supply, transportation, installation, testing and commissioning of 3 HP, 5 HP and 7.5 HP solar pump systems, with execution scheduled within 60 days of the work order or Notice to Proceed. Following this award, GK Energy's cumulative orders from MSEDCL have reached INR 637.83 crore. The initiative aims to expand solar-powered irrigation infrastructure, providing farmers with a reliable renewable energy source while reducing dependence on conventional electricity.Read more

15 hours ago

Bajaj Housing Finance has raised INR 1,500 crore through a bond issue with a tenure of three years and three months, attracting investor interest in the domestic debt market. The non-convertible debentures carry a coupon rate of 7.53% and were issued through the commitment bidding route. The fundraising comes amid sustained activity in India's corporate bond market, where highly rated financial institutions continue to tap debt markets for medium-term funding to support lending operations and business expansion.Read more

07 Jul 2026

Austria’s Supreme Court has upheld former billionaire Rene Benko’s conviction in one of the first criminal cases linked to the collapse of property group Signa, while ordering a retrial on a separate insolvency fraud charge. The ruling confirms one conviction involving a EUR 300,000 transfer to Benko’s mother but reopens proceedings over EUR 360,000 in rent-related payments. The lower court will now decide a fresh overall sentence after the retrial. The case is among several investigations arising from Signa’s collapse, Austria’s biggest corporate bankruptcy.Read more

07 Jul 2026

IRB Infrastructure Developers Ltd has announced that its sponsored platforms, IRB Infrastructure Trust and IRB InvIT Fund, have entered into a binding term sheet for the transfer of two build-operate-transfer (BOT) highway assets at an enterprise value of INR 4,605 crore. The transaction involves highway projects in Maharashtra and Rajasthan and has received approval from the boards of the investment managers of both entities. The company said the transfer forms part of its asset monetisation and platform strategy, while supporting its long-term objective of expanding its infrastructure asset base through its sponsor and operations and maintenance platform.Read more

07 Jul 2026

Shapoorji Pallonji Real Estate (SPRE) will organise a one-day multi-city property showcase in Mumbai, bringing together 15 residential developments across Mumbai, Thane, Pune, Gurugram and Howrah. According to the company, the event will allow prospective homebuyers and investors to explore apartments, villas and plotted developments with prices starting from INR 60 lakh. The showcase follows a similar event held in Gurugram and is intended to present projects across multiple markets under one roof. SPRE said visitors will be able to access project information, consult its sales and advisory teams, and compare residential options across different cities and price segments.Read more

Mumbai News Desk

07 Jul 2026

• Eleven people were injured after a fire broke out in the meter room of a residential building in Mumbai's Jogeshwari area.
• Thick smoke spread rapidly through the six-storey structure, prompting a rescue operation by the Mumbai Fire Brigade.
• Most of the injured suffered from smoke inhalation and were shifted to nearby hospitals for treatment.
• Authorities have launched an investigation into the cause of the fire while highlighting the risks posed by electrical installations in residential buildings.Read more

07 Jul 2026

Prestige Estates Projects Ltd has acquired a 50% stake in Advent Convention and Hotels International Ltd (ACHIL) for up to INR 504 crore as part of its expansion strategy in the commercial real estate segment. The investment will support the joint development of a commercial project in Andheri East, Mumbai, spanning 21,978.22 square metres. The proposed development will offer approximately 1.50 million sq ft of leasable space and has an estimated gross development value (GDV) of INR 4,500 crore. The transaction was disclosed in a regulatory filing made in the past week. The acquisition comes after Prestige Estates reported a sharp increase in its annual profit and income, reflecting continued growth across its residential, commercial and hospitality businesses.Read more

07 Jul 2026

Swedish real estate company Trianon has signed a five-year lease agreement with home and kitchen retailer Cervera for a 400-square metre store at Burlov Center, located north of Malmö. The new outlet is expected to open later this year, taking the shopping centre's occupancy level to 94%. The agreement marks another step in Trianon's ongoing repositioning of Burlov Center, which has witnessed several new leasing deals and retail additions in recent years as part of a wider mixed-use redevelopment plan.Read more

07 Jul 2026

Shapoorji Pallonji Real Estate (SPRE) has launched Vyomora, a 25-acre residential development in Hinjawadi, Pune, marking its third housing project in the micro-market. The first phase comprises 720 apartments across five residential towers, offering two, three and three-bedroom duplex homes with prices starting from INR 84.99 lakh (all-inclusive). Located in Pune's IT corridor, the project is positioned close to major technology campuses and is expected to benefit from existing and planned transport infrastructure, including Metro Line 3 and the proposed Ring Road. The development forms part of SPRE's continued expansion in western Pune, where it is focusing on integrated residential communities.Read more

07 Jul 2026

Cube Highways Trust is preparing to launch an initial public offering (IPO) worth around INR 5,000 crore later this month, according to people familiar with the matter. The proposed issue will comprise entirely an offer-for-sale (OFS), aimed at broadening the InvIT's investor base and improving trading liquidity. As of March 31, 2026, the infrastructure investment trust owned 27 operational highway assets covering 8,754 lane kilometres across 12 states and one Union Territory. During FY26, the trust completed nine acquisitions, increased its assets under management to INR 36,842 crore, declared distributions of INR 1,851 crore and signed commitment letters for four additional highway projects.Read more

07 Jul 2026

Traffic on the Mumbai-bound carriageway of the Mumbai–Pune Expressway's Missing Link bypass resumed late on Monday after remaining closed for more than 18 hours due to a landslide triggered by heavy rainfall. The Maharashtra State Road Development Corporation (MSRDC) reopened two lanes following detailed safety inspections near Tunnel 2, while one lane remained closed because of continued water flow from the hillside above. The landslide damaged a protective drainage structure but did not affect the structural integrity of the tunnel. During the closure, traffic was diverted through the Lonavala ghat section, contributing to severe congestion on the expressway. Authorities restored movement only after debris removal and engineering assessments confirmed the route was safe.Read more

07 Jul 2026

The Andhra Pradesh government has built an investment pipeline of more than 275 industrial projects across the Rayalaseema region, with proposed investments exceeding INR 4.58 lakh crore and the potential to generate over 3.57 lakh employment opportunities, according to government sources. The pipeline includes 172 projects approved by the State Investment Promotion Board (SIPB) and 103 investment proposals signed during the CII Partnership Summit. The investments span sectors including steel, electronics, semiconductors, renewable energy, defence, aerospace, automotive, footwear and food processing, with districts across Rayalaseema being developed as specialised manufacturing clusters supported by industrial infrastructure, logistics, connectivity and workforce development initiatives.Read more

07 Jul 2026

Arbor Realty Trust has priced an upsized private offering of USD 325 million in 6.25% convertible senior notes due 2029, increasing the size of the issue from the initially proposed USD 300 million. The offering is part of the company's capital management strategy and is expected to strengthen its financial position. The proceeds are expected to support the redemption of existing debt, share repurchases and general corporate purposes. The transaction also includes an option for initial purchasers to buy additional notes, subject to the terms of the offering.Read more

07 Jul 2026

The Enforcement Directorate (ED) has provisionally attached assets worth INR 58.34 crore belonging to Ritu Singal, wife of former Bhushan Steel promoter Neeraj Singal, in connection with a money laundering investigation linked to alleged diversion of company funds. The attached assets include land and part of a residential property in Indore, Madhya Pradesh, along with equity shares and bank balances. The action forms part of an ongoing investigation initiated on the basis of a complaint filed by the Serious Fraud Investigation Office (SFIO). The agency has alleged that funds were diverted from Bhushan Steel through fraudulent transactions, causing substantial losses to financial institutions.Read more

Abhay Rao

07 Jul 2026

As artificial intelligence, social media algorithms and digital platforms increasingly shape public discourse, distinguishing truth from persuasion has become more difficult than ever. This opinion piece examines how confirmation bias, targeted content and declining trust in institutions are influencing the way people consume information. While technology itself is not inherently harmful, the essay argues that human values, critical thinking and responsible journalism remain essential in navigating an era of competing narratives. It concludes that discernment is a continuous practice, beginning with the willingness to question, reflect and seek a broader understanding of the truth.Read more

07 Jul 2026

Prestige Estates Projects Ltd plans to invest between INR 14,000 crore and INR 15,000 crore in construction activities during FY27, with expenditure directed towards residential and commercial developments across South India, the Mumbai Metropolitan Region and Delhi-NCR. The Bengaluru-based developer intends to allocate the majority of the capital towards housing projects, while continuing work on office and retail developments. The planned investment follows a record FY26 in which the company achieved sales bookings of INR 30,024 crore. Prestige is also targeting annual pre-sales of up to INR 36,000 crore this financial year, supported by a project launch pipeline valued at around INR 58,000 crore, subject to regulatory approvals.Read more

07 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 10 new real estate projects across Lucknow, Gautam Buddha Nagar, Agra and Ghaziabad, involving an estimated investment of INR 1,278 crore. The developments comprise residential, commercial and mixed-use projects that will collectively create around 4,498 residential and commercial units. Lucknow accounted for the highest number of approved projects, while Gautam Buddha Nagar attracted the largest investment value. UP RERA said the approvals are expected to support planned urban development, meet rising demand for housing and commercial infrastructure, generate employment during construction, and stimulate allied sectors. The authority also reiterated its commitment to ensuring regulatory compliance and timely project completion under the Real Estate (Regulation and Development) Act.Read more

07 Jul 2026

A defence manufacturing unit with a proposed investment of INR 3,000 crore is set to be developed in Shivpuri, Madhya Pradesh, with the groundbreaking ceremony scheduled to take place in the past week. The project, being established through the Adani Group, will be linked to the Uttar Pradesh Defence Industrial Corridor, according to Union Minister Jyotiraditya Scindia. The development is expected to strengthen industrial activity in the region while supporting India's defence manufacturing capabilities. Madhya Pradesh Chief Minister Shri Mohan Yadav and Karan Adani are expected to attend the foundation ceremony, which marks a significant investment in the state's emerging defence manufacturing ecosystem.Read more

07 Jul 2026

ITC Properties Group has announced that its wholly owned subsidiary will acquire sale shares and a related sale loan from Profit Tycoon for a total consideration of HKD 336.68 million. The transaction involves the purchase of 20 issued shares in PYI Investment, representing a 20% stake in the company. The acquisition is part of ITC Properties' strategy to strengthen its presence in mainland China's property and infrastructure sector through PYI Investment's land holdings and development projects. The deal will also establish a shareholder arrangement between the two parties.Read more