12 minutes ago

The Odisha government has approved the proposal for the Bhubaneswar–Cuttack–Puri–Paradip City Economic Region (BKPBER) project, an integrated urban development initiative aimed at accelerating investment, industrial growth, tourism, logistics and employment generation. The project, estimated to cost INR 55,000 crore, will be implemented under the City Economic Region (CER) scheme with financial support from the Asian Development Bank and the Centre. Covering the urban local bodies of Bhubaneswar, Cuttack, Puri and Jagatsinghpur districts, the initiative seeks to strengthen regional connectivity, develop modern infrastructure and position the corridor as a major economic hub in line with Odisha Vision 2036.Read more

27 minutes ago

Indian homes have transformed dramatically over the past few decades. As cities expanded, land became costlier and apartments replaced sprawling ancestral homes, many traditional spaces quietly disappeared from everyday life. Courtyards, verandahs, terraces and grain stores once played an important role in family routines, climate-responsive design and cultural traditions. Today, compact layouts, changing lifestyles and modern construction practices have made these spaces increasingly rare. Here's a look at ten features that were once integral to Indian homes and the reasons they have gradually faded from contemporary residential architecture.Read more

57 minutes ago

UK-based building materials manufacturer Ibstock has lowered its outlook for full-year earnings, saying its annual profit is likely to be at the lower end of market expectations as the country's construction sector continues to face weak demand. The company reported lower revenue and a pre-tax loss for the first half of the year, affected by subdued private housebuilding activity, higher energy costs and a non-cash impairment charge. Despite expecting improved earnings in the second half, Ibstock said market conditions remain challenging due to economic and political uncertainties.Read more

1 hour ago

Dilip Buildcon Limited has secured a road project worth approximately INR 160 crore in Odisha under the Engineering, Procurement and Construction (EPC) mode. The contract strengthens the company's infrastructure portfolio and supports the state's ongoing efforts to improve road connectivity. The project is expected to enhance transport efficiency, facilitate smoother movement of goods and passengers, and contribute to regional economic development. The award comes amid continued government focus on expanding and upgrading road infrastructure to improve connectivity and support industrial and commercial growth across the country.Read more

1 hour ago

The Reserve Bank of India (RBI) has kept the policy repo rate unchanged at 5.25%, in line with market expectations, as it continues to assess the impact of rising global crude oil prices and domestic inflation trends. The Monetary Policy Committee (MPC) retained its policy stance while making marginal revisions to its growth and inflation forecasts. Economists said the central bank has adopted a balanced and data-driven approach, while real estate consultants believe stable interest rates will support housing demand, particularly during the festive season, although the move alone may not revive the affordable housing segment.Read more

1 hour ago

The Enforcement Directorate (ED) carried out searches across Punjab and Chandigarh as part of its money laundering investigation into alleged irregularities in the Punjab Small Industries and Export Corporation (PSIEC). The probe is linked to accusations that industrial plots were fraudulently allotted to private individuals through fake firms and alleged collusion with PSIEC officials. Investigators are also examining the alleged diversion of industrial land for residential use, which reportedly caused losses to the state exchequer. A company linked to jailed Punjab minister Sanjeev Arora has also come under the agency's scrutiny.Read more

2 hours ago

Kimco Realty has raised its full-year net income forecast after reporting second-quarter revenue and funds from operations (FFO) that exceeded market expectations. The real estate investment trust benefited from steady leasing demand across its grocery-anchored shopping centres, supported by limited retail space supply and consistent consumer demand for essential goods. The company also increased the lower end of its annual FFO guidance while maintaining the upper end. The results reflect continued strength in the open-air retail segment, where leasing activity and shopper footfall have remained stable despite broader market challenges.Read more

2 hours ago

The Reserve Bank of India (RBI) has said the country's rural economy and agriculture sector have become more resilient due to better irrigation, higher farm mechanisation, improved crop varieties and the growth of allied activities. RBI Governor Sanjay Malhotra noted that these developments have reduced the impact of rainfall deficiencies on agricultural output and rural incomes. Deputy Governor Poonam Gupta also highlighted that increased irrigation coverage, easier access to farm credit and technological improvements have strengthened the sector over the past 15 years. The central bank also reiterated that its monetary policy remains driven by inflation and growth data.Read more

3 hours ago

Anubhav Sharma, Director of real estate company 32nd Milestone, and his wife Mamata Sharma have been arrested in connection with a cheating case and remanded to six days' police custody, officials said on Monday. The couple's son, Dhruv Dutt Sharma, and Shireen Sharma had earlier been arrested in the same case. The accused are alleged to have cheated several investors by selling properties that had already been mortgaged to banks. The case originated from a complaint filed on 20 December last year, alleging that a shop at 32nd Milestone, Sector 15, Gurugram, was sold to the complainant's son for approximately INR 28 lakh by misrepresenting its actual area.Read more

3 hours ago

Deshpande Landmark Private Limited Managing Director Yogesh Ambadas Deshpande has been honoured with the Landmark Award 2026 for his contribution to Pune's premium residential and redevelopment sector. The recognition acknowledges the company's work in luxury housing, transparent business practices, quality construction and timely project delivery. Presented at an event organised by the Lokmat Group in association with Bank of Maharashtra, the award also reflects the company's focus on customer trust, redevelopment, modern housing and long-term community development. Established in 2005, Deshpande Landmark has built a presence in Pune's premium housing market.Read more

4 hours ago

Karnataka has stepped up efforts to attract fresh industrial investments through an investment roadshow in Mumbai, with the JSW Group committing to invest INR 1.20 lakh crore in the state over the next five years. The discussions also covered expansion plans by several major companies across manufacturing, semiconductors, aerospace, packaging and consumer goods. The proposed investments are expected to strengthen Karnataka's industrial ecosystem, generate employment, boost research and development, and reinforce the state's position as a preferred destination for large-scale manufacturing and technology-led industries.Read more

4 hours ago

A Delhi court has granted interim protection from arrest to the chairman and managing director of Raheja Developers Limited in connection with an Enforcement Directorate (ED) investigation linked to an alleged money laundering case. The court directed both executives to cooperate with the investigation while restraining the agency from taking coercive action until the next hearing. The ED case stems from a Central Bureau of Investigation (CBI) FIR concerning alleged diversion of homebuyers' funds and delayed housing projects. The court observed that the investigation had been ongoing for several years and sought the ED's response before deciding on the matter. The interim relief will remain in force until the next scheduled hearing.Read more

5 hours ago

The Taxation and Other Laws (Amendment) Bill, 2026 proposes to restore tax-free dividend income for investors in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), even as the underlying special purpose vehicles (SPVs) migrate to the newer corporate tax regime. According to Finance Ministry sources, the government intends to keep the measure revenue-neutral by levying an additional surcharge at the SPV level rather than taxing investors directly. The proposal forms part of a broader set of reforms in the Bill aimed at improving tax predictability for domestic and overseas investors across sectors.Read more

5 hours ago

The Delhi government has commenced construction of a new foot overbridge across the Najafgarh drain to improve pedestrian connectivity and safety in west Delhi. The project, inaugurated by Public Works Department (PWD) Minister Parvesh Sahib Singh Verma, is intended to address long-standing access issues faced by residents and daily commuters. The bridge will connect Mukherjee Nagar, Gauri Mandir, Rajapura, Roop Nagar and the Yamuna route, while providing a safer crossing for students, senior citizens and other pedestrians. The initiative follows a recent incident involving the collapse of an older bridge and forms part of the government's wider efforts to strengthen public infrastructure through improved safety standards and connectivity.Read more

Gurugram News Desk

6 hours ago

A ceiling section from a balcony at a residential society in Gurugram collapsed, prompting residents to raise concerns over construction quality and building safety. While no injuries were reported, homeowners have demanded an independent structural audit and intervention by regulatory authorities to assess the condition of the complex. The incident has renewed focus on maintenance standards in residential projects, with residents seeking accountability, timely repairs and a comprehensive investigation into the structural integrity of the development.Read more

6 hours ago

Road accident fatalities on India's national highways declined by 4% in 2025, marking the first such reduction since the COVID-19 pandemic, according to information shared by Union Road Transport and Highways Minister Nitin Gadkari in Parliament. However, the overall number of road accidents across the country increased by 5.3%, with more than 5.13 lakh crashes claiming 1.83 lakh lives. The government also shared updates on highway safety measures, black spot identification using AI, ongoing national highway projects, vehicle scrapping, bridge maintenance, and the expansion of Advanced Traffic Management Systems.Read more

7 hours ago

PNB Housing Finance reported a 4 per cent year-on-year increase in its net profit for the first quarter of FY27, supported by growth in interest income and overall business expansion. The company also recorded a rise in total income, net interest income and assets under management during the quarter. While its asset quality improved with a lower gross NPA ratio, the net interest margin and capital adequacy ratio witnessed a decline compared to the corresponding period last year. The lender continued to maintain healthy capital levels despite the moderation.Read more

7 hours ago

Germany-based real estate company Vonovia reported a rise in the value of its property portfolio during the first half of the year, indicating that the country's residential property market continues to recover. However, the company also faced higher financing costs, which affected its earnings during the period. While Vonovia maintained its long-term targets for 2028, it said investment activity remained cautious due to ongoing market uncertainty. The company also noted that slower sales reflected a more careful approach from investors despite improving property valuations.Read more

8 hours ago

The Ministry of Road Transport and Highways (MoRTH), through the National Highways Authority of India (NHAI), has revised its performance rating framework for Detailed Project Report (DPR) consultants by introducing a modified evaluation methodology. The updated system incorporates additional assessment parameters and assigns revised ratings to consultancy firms based on their overall performance. The revised ratings will be considered for future consultant selection and are intended to strengthen accountability, improve DPR quality and enhance project planning for national highway development.Read more

8 hours ago

A promoter group entity of Adani Power, Ardour Investment Holding Ltd, has sold a 0.65 per cent stake in the company to another promoter group firm, Adani Infra (India) Ltd, through an open market block deal valued at INR 2,627 crore. Following the transaction, Ardour Investment Holding's stake in Adani Power declined to 3.03 per cent from 3.68 per cent. The latest deal comes after Adani Infra recently increased its holdings in Adani Green Energy through similar promoter-level stake transfers, reflecting an ongoing restructuring of shareholding within the Adani Group.Read more

9 hours ago

Train services on the Mangaluru–Bengaluru route resumed in phases after remaining suspended for two days following landslides triggered by heavy rainfall in the Western Ghats. The disruption affected rail traffic between Shiribagilu and Yedakumari in the Subrahmanya Road–Sakleshpur section, one of the most challenging stretches on the route. Following track restoration and safety certification, South Western Railway restarted operations for several passenger and express services while continuing cancellation of one train due to precautionary measures. Railway officials also deployed engineers and technical personnel to inspect the affected corridor and reinforce vulnerable slopes before restoring normal movement, with some trains experiencing delays owing to the phased resumption.Read more

9 hours ago

The Reserve Bank of India (RBI) has indicated that it is too early to draw conclusions on whether merchant discount rate (MDR) charges will be introduced for digital payments following the government's proposed legal amendments. RBI Governor Sanjay Malhotra said the focus remains on strengthening the country's digital payments infrastructure while discussions continue on how its costs should be funded. The central bank also highlighted the growing adoption of the e-rupee and the expansion of the Unified Lending Interface (ULI), supported by the increasing digitisation of land records across states.Read more

10 hours ago

K2 Infragen Limited has secured an investment-grade credit rating of ACUITE BBB- with a stable outlook for its long-term bank facilities worth INR 200 crore. The rating covers both long-term borrowings and short-term working capital requirements, reflecting the company's operational stability, business strength and consistent cash flow generation. The development is expected to improve the company's financial flexibility as it continues expanding its infrastructure business across India. The rating also strengthens the company's standing with financial institutions and supports its plans for future growth and project execution.Read more

10 hours ago

India is stepping up efforts to strengthen its aviation ecosystem by promoting the domestic manufacturing of trainer aircraft and seaplanes while expanding pilot training capacity. The Civil Aviation Ministry is working with the Directorate General of Civil Aviation (DGCA) to improve infrastructure at Flying Training Organisations (FTOs) across the country. The government has also issued Letters of Intent to 11 FTOs for new training bases at Airports Authority of India (AAI) airports. These measures come as India prepares to meet the growing demand for commercial pilots driven by a large aircraft expansion planned by domestic airlines over the next decade.Read more

Nagpur News Desk

11 hours ago

The Nagpur Municipal Corporation (NMC) has constituted seven inspection teams to examine the alleged misuse of air-conditioning (AC) plant rooms in buildings across the city. The exercise will assess whether these designated utility spaces are being used in accordance with sanctioned building plans and applicable development regulations. Based on the inspection findings, the civic body will determine the need for enforcement action against violations. The initiative is part of NMC's broader efforts to strengthen regulatory compliance and ensure adherence to approved construction norms.Read more

Visakhapatnam News Desk

11 hours ago

The Greater Visakhapatnam Municipal Corporation (GVMC) has signed a cooperation agreement with the Government of Moscow to strengthen collaboration in smart mobility, digital governance and urban development. The partnership aims to facilitate the exchange of expertise and best practices in intelligent transport systems, public services, digital technologies and sustainable city planning. The agreement is expected to support Visakhapatnam's ongoing transformation into a technology-driven urban centre while fostering international cooperation in municipal governance and smart city initiatives.Read more

12 hours ago

Flipkart has announced expanded investments across Uttar Pradesh to strengthen logistics infrastructure, support micro, small and medium enterprises (MSMEs), promote agriculture-linked initiatives and improve market access for local businesses. Since entering the state in 2020, the e-commerce company has developed a network comprising fulfilment centres, grocery facilities and last-mile delivery hubs, creating direct and indirect employment opportunities. The company said more than 85,000 sellers from Uttar Pradesh are now active on its marketplace, while dedicated programmes for farmers, artisans, women entrepreneurs and small businesses continue to expand. The investments form part of Flipkart's broader strategy to enhance digital commerce, supply chain efficiency and inclusive economic growth across the state.Read more

Delhi News Desk

06 Aug 2026

The Delhi High Court has expressed concern over the deteriorating and uninhabitable condition of thousands of flats constructed under the Centre's Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme, intended for the rehabilitation of slum dwellers in the city. The court has been monitoring the matter for several years after taking cognisance of the non-allotment of a large number of these flats, originally built to house economically weaker section families. Of the approximately 52,000 flats sanctioned under the scheme across multiple locations, only a fraction have been allotted so far, with a significant number left vacant and in a dilapidated state for years due to delays between central and state authorities.Read more

06 Aug 2026

Restaurant Brands Asia, the master franchisee of Burger King in India, reported an improvement in its financial performance during the first quarter of FY27, with its consolidated loss narrowing to INR 33 crore and revenue from operations rising 17.9% year-on-year. The company also completed a major ownership transition, with Inspira Global acquiring a controlling 42% stake through a fresh capital infusion of INR 1,050 crore. The funding is expected to strengthen the company's balance sheet and support its expansion, digital investments, restaurant development and long-term growth strategy.Read more

06 Aug 2026

The Securities and Exchange Board of India (SEBI) has proposed allowing depository receipts to be issued against units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The proposal aims to provide overseas investors with another avenue to invest in and trade Indian REITs and InvITs through foreign currency-denominated instruments. SEBI has suggested aligning the framework for these depository receipts with the existing rules applicable to equity depository receipts. The regulator has also invited public comments on the proposal until August 25, after which the framework may be finalised.Read more

06 Aug 2026

Navi Mumbai International Airport (NMIA) has started its dedicated international freighter operations with the launch of an IndiGo CarGo flight to Sharjah. The inaugural service handled around 20 tonnes of cargo, including general cargo, perishables and bonded transfer shipments from Mumbai and Ahmedabad. The development marks a key milestone in the airport's cargo operations and strengthens its role as an emerging logistics gateway for the Mumbai Metropolitan Region and western India. NMIA's integrated cargo infrastructure is designed to support domestic, international, express and transit cargo, along with specialised handling for multiple cargo categories.Read more

06 Aug 2026

The US Federal Reserve's latest Senior Loan Officer Survey showed that lending standards for commercial and industrial (C&I) loans remained largely unchanged during the second quarter, while demand increased among large and middle-market businesses. Demand from smaller firms remained stable. Banks reported mixed trends across household lending, with weaker demand for residential real estate loans and tighter standards for credit card lending. The findings come as the Federal Reserve continues to assess inflation, economic growth and labour market conditions while keeping interest rates unchanged at its latest policy meeting.Read more

06 Aug 2026

A new 600-passenger luxury cruise has been launched on the Narmada River at Ekta Nagar in Gujarat to strengthen tourism infrastructure around the Statue of Unity. Commercial operations will begin after the required statutory approvals and safety clearances are obtained. The new vessel has been introduced to meet rising tourist demand and will serve as both a sightseeing cruise and a venue for social, cultural and corporate events. It joins the existing 200-passenger cruise already operating in the area and is expected to further enhance visitor experiences at one of India's leading tourism destinations.Read more

06 Aug 2026

Juniper Green Energy's INR 1,800 crore initial public offering (IPO) witnessed strong investor interest, closing with an overall subscription of 7.97 times. The issue was largely driven by institutional investors, with the Qualified Institutional Buyers (QIB) portion attracting nearly 25 times subscription. Ahead of the public issue, the renewable energy company raised INR 539.4 crore from anchor investors, including Abu Dhabi Investment Authority and Nippon India Mutual Fund. The company plans to utilise the IPO proceeds primarily for debt repayment, investments in subsidiaries and general corporate purposes, while its shares are scheduled to list later this week.Read more

06 Aug 2026

The Pune Municipal Corporation (PMC) has initiated the process to revive the long-pending High Capacity Mass Transit Route (HCMTR) project by inviting bids to appoint consultants for technical work and land acquisition. The move comes after directions from the Maharashtra government to fast-track the project, which has been delayed for over a decade due to land acquisition, environmental clearances and changes in the city's transport network. The revised 43-km elevated corridor is expected to improve connectivity across Pune, with the civic body aiming to issue construction tenders by October after completing the preparatory work.Read more

06 Aug 2026

International Workplace Group (IWG) has strengthened its presence in India's flexible workspace market by opening four new Regus centres across Noida, Bengaluru and Hyderabad. The expansion adds over 3,180 sq m of premium workspace and forms part of the company's long-term strategy to scale its nationwide network through partnerships with property owners. IWG expects to grow its India portfolio to more than 325 centres over the next three to five years as demand for hybrid and flexible office solutions continues to rise.Read more

06 Aug 2026

China Railway Construction Corporation (CRCC) reported that the total value of newly signed contracts during the second quarter reached 520.3 billion yuan (USD 77.05 billion). The update reflects the company's continued order inflow across its engineering and infrastructure businesses. CRCC is one of China's largest state-owned construction companies with operations spanning railways, highways, bridges, tunnels, urban infrastructure and overseas projects. The latest contract value provides an indication of the company's business pipeline and future execution prospects as China continues to invest in transport and infrastructure development.Read more

Mumbai News Desk

06 Aug 2026

The Bombay High Court has granted permission for the felling of 847 mangrove trees to enable construction of a 132 KV transmission line linked to the Mumbai-Ahmedabad bullet train project. The plea was filed by the Maharashtra State Electricity Transmission Company Limited (MSETCL), seeking approval to divert 3.35 hectares of forest land, including 1.9656 hectares of mangrove forest, in Dahanu taluka, Palghar district. The transmission line, running 13.06 kilometres between the Dahanu sub-station and the proposed Amberserai traction sub-station, was found necessary ahead of the bullet train project's scheduled inauguration in October. The court noted the project's national importance while also raising concerns over the adequacy of compensatory afforestation carried out at a distant location.Read more

06 Aug 2026

Gateway Distriparks reported an 18 per cent year-on-year decline in its consolidated profit after tax for the first quarter of the current financial year, mainly due to the continued impact of the West Asia conflict, higher fuel prices and rising operating costs. While revenue remained almost unchanged, EBITDA also witnessed a marginal decline. The company said global uncertainties affected consumption and production during the quarter. Despite near-term challenges, Gateway Distriparks is moving ahead with capacity expansion through its Indore Inland Container Depot, the Ankleshwar Multi Modal Logistics Park and subsidiary Snowman Logistics.Read more

06 Aug 2026

MakeMyTrip reported an 8.6% year-on-year increase in adjusted operating profit for the quarter ended June, supported by strong growth in bookings and revenue despite external challenges affecting travel demand. Gross bookings rose nearly 20% in constant currency to around USD 2.9 billion, while revenue increased 16.1%. The company recorded healthy growth across its key business segments, including hotels, air ticketing and bus services. It also expressed confidence in India's long-term travel and tourism market, citing improving infrastructure and increasing travel demand.Read more

06 Aug 2026

CREDAI-MCHI will organise the 10th edition of its Design & Construction Conference on 19 August at the Jio World Convention Centre, Mumbai, marking a decade of its Procurement Wing. The event is expected to bring together more than 500 procurement heads, construction leaders, architects, consultants and senior real estate professionals, alongside over 50 construction and ancillary brands. The conference will feature product launches, technology demonstrations, business networking sessions and discussions on emerging construction trends. It will also recognise procurement professionals for their contribution to the sector and highlight the Procurement Wing's role in strengthening collaboration between developers and the construction supply chain over the past ten years.Read more

06 Aug 2026

The Maharashtra Housing and Area Development Authority (MHADA) is set to conduct the draw for its Mumbai Board Housing Lottery 2026 on August 6, offering 2,640 homes across various income categories. Ahead of the lottery, the authority has scheduled Oversight Committee meetings on August 5 and 6 to supervise the process and ensure transparency. The draw forms part of MHADA's annual affordable housing initiative, with successful applicants to be selected through a computerised lottery system.Read more

06 Aug 2026

Sri Lotus Developers and Realty has been appointed as the developer for a commercial-cum-retail redevelopment project in Mumbai's Juhu, with an estimated Gross Development Value (GDV) of INR 1,600 crore. The project will be undertaken through the company's subsidiary and involves the redevelopment of an established commercial shopping complex. The proposed development is expected to offer around 3.46 lakh square feet of carpet area. Construction is planned to begin in Q3 FY28, with completion targeted within three to four years from the commencement of work. The project further strengthens the company's redevelopment portfolio in Mumbai.Read more

Mumbai News Desk

06 Aug 2026

The Union Ministry of Defence has issued a fresh notification easing decades-old construction restrictions around the Signal Transmitting Station, known as the Wireless Centre, in Juhu, Mumbai. The notification, issued on 3 August 2026, withdraws the nearly 50-year-old SRO 150 and replaces it with SRO 33(E), cutting the restricted no-construction zone from 500 metres to 100 metres around the installation. The move is expected to benefit thousands of residents living in nearly 200 ageing buildings and dense slum clusters in the area, many of which are over 75 years old. Mumbai North West MP Ravindra Waikar had pursued the matter with the Centre and state government over several months.Read more

06 Aug 2026

Australia-based Maas Group has raised its annual earnings forecast after securing a major order worth AUD 855 million from AI infrastructure company Firmus. The deal, signed under an existing Master Services Agreement, involves supplying modular electrical infrastructure and has also prompted the company to increase its investment in Firmus. Maas will invest an additional AUD 300 million, taking its stake in the Nvidia-backed company to 3.2%. The company said the investment aligns with its long-term strategy of expanding its presence in digital infrastructure while strengthening future earnings.Read more

06 Aug 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has recorded 300 million passenger journeys across its operational Metro network, marking a major milestone in Mumbai's public transport system. The latest 50 million passenger journeys were achieved in just 179 days, the fastest since Metro operations began in 2022, reflecting steady growth in commuter adoption. The expansion of Metro Line 2B Phase 1 and Metro Line 9 Phase 1 has strengthened connectivity and supported rising ridership. The authority said the network continues to witness higher daily passenger additions and growing public preference for Metro travel.Read more

Mumbai News Desk

06 Aug 2026

Mumbai Police have registered a case against the personal assistant of a Congress Member of Parliament and other individuals over an alleged INR 5.57 crore fraud linked to Slum Rehabilitation Authority (SRA) flats. The accused are alleged to have collected money from prospective buyers by promising allotment of rehabilitation homes through purported political influence. The complaint involves multiple victims who claim they were misled into believing they would receive SRA flats after making payments. The investigation is underway to ascertain the extent of the alleged fraud and identify the roles of all those involved.Read more

06 Aug 2026

The Securities and Exchange Board of India (Sebi) has exempted six Muthoot family trusts from making an open offer for the indirect acquisition of shares in Muthoot Microfin as part of an internal family restructuring. The move follows changes to the transaction structure after Muthoot Fincorp approved its proposed IPO and revised the shareholding arrangement to comply with promoter contribution norms. Sebi said the restructuring is meant for succession planning and will not change the control or management of Muthoot Microfin or affect the interests of public shareholders. The exemption will remain valid for one year, subject to specified conditions.Read more

06 Aug 2026

The Directorate of Enforcement (ED) is investigating 32 bank fraud cases under the Prevention of Money-laundering Act (PMLA), involving 54 accused who have fled India, the Finance Ministry informed Parliament. The government has initiated action under the Fugitive Economic Offenders Act (FEOA), extradition proceedings and asset attachment in these cases. The ministry also shared updates on unclaimed bank deposits, insurance grievances, foreign exchange reserves and RBI's intervention in the forex market, highlighting measures taken to strengthen financial oversight, improve depositor services and maintain economic stability.Read more

06 Aug 2026

Gaurs Group has launched a new residential project on the Yamuna Expressway in Delhi-NCR with an estimated revenue potential of INR 1,900 crore. Spread across 11.8 acres in Sector 22D, the development, named Gaur Alaris, will comprise 1,088 apartments. The launch comes amid sustained residential demand along the Yamuna Expressway corridor, supported by improving connectivity, ongoing infrastructure development and the upcoming Noida International Airport. The Delhi-NCR-based developer said the project is aimed at the premium housing segment. Gaurs Group has delivered more than 100 million sq ft of real estate and has completed over 75,000 housing units across more than 75 projects, including three integrated townships.Read more