8 minutes ago

• The Kerala government and the Adani Group are working to resolve differences over the proposed sale of a 49% stake in Adani Vizhinjam Port Private Limited to MSC Group's Terminal Investment Limited (TiL).
• The state government has maintained that its prior approval is mandatory under the concession agreement before any change in shareholding can take effect.
• Adani has since approached the state seeking formal approval while clarifying that the proposed transaction does not alter the ownership of the port or its concession rights.
• Both sides are now engaged in discussions aimed at ensuring the investment proceeds within the framework of the concession agreement.Read more

Gurugram News Desk

38 minutes ago

• Authorities have begun enforcement against unauthorised constructions within the eco-sensitive zone (ESZ) of Sultanpur National Park, issuing the first round of notices to alleged violators after a joint field inspection.
• Joint teams from the forest, wildlife, town planning, pollution control and public health departments verified residential, commercial and farmhouse properties to assess compliance with environmental regulations.
• Officials have indicated that demolition action will initially target under-construction buildings, while legal proceedings against completed structures will continue in accordance with applicable regulations.
• The drive forms part of a broader effort to curb encroachments and protect the ecological integrity of the Ramsar-designated wetland and its surrounding buffer zone.Read more

1 hour ago

The Tiruchirappalli Corporation's IBT link road project, designed to connect the Panjapur Integrated Bus Terminus with key state and national highways, is expected to be completed only by early 2028. Delays in land acquisition, pending railway approvals and the absence of administrative sanction for the final phase have slowed construction. While work is progressing on the first two phases, officials are addressing project bottlenecks to improve connectivity and support traffic movement around the city's new transport hub.Read more

1 hour ago

Property intelligence platform Landeed plans to invest around INR 30 crore during FY27 to strengthen its artificial intelligence capabilities, expand state-level coverage and enhance its property intelligence platform. The real estate technology startup will invest in graphics processing unit (GPU) infrastructure, specialised language models, Indic optical character recognition (OCR), document intelligence and customer acquisition. Backed by investors including Y Combinator, Draper Associates and Bayhouse Capital, the company recently launched Terra, an AI-powered platform built on more than 773 million land and property records across 26 states and four Union Territories to support property due diligence and decision-making for banks, developers, legal professionals and other stakeholders.Read more

2 hours ago

• A Mumbai sessions court has discharged Jolly Maker-I Premises Co-operative Housing Society and two former office-bearers in a criminal case arising from a 2012 fire at the society's Cuffe Parade high-rise.
• The court held that the prosecution did not comply with mandatory legal requirements before initiating proceedings under the Maharashtra Fire Prevention and Life Safety Measures Act, 2006.
• The case stemmed from allegations that non-functional firefighting systems delayed efforts to control the blaze.
• The ruling concludes a long-running prosecution that highlighted the importance of fire safety compliance in high-rise residential buildings.Read more

2 hours ago

Smartworks Coworking Spaces Ltd has acquired Singapore-based Workstudio Spaces Pte. Ltd as part of its international expansion strategy. The acquisition increases the Gurugram-based managed workspace operator's footprint in Singapore to four operational centres, spanning around 76,000 sq ft with a seating capacity of more than 1,500. The transaction also adds over 45 enterprise clients to its Singapore portfolio. Smartworks, which operates 66 centres across 15 cities in India and Singapore with a portfolio of 16.1 million sq ft, did not disclose the acquisition value. The expansion comes amid growing demand for managed flexible office spaces and follows the company's return to profitability in FY26.Read more

3 hours ago

The Haryana government has approved infrastructure and procurement proposals worth INR 340.84 crore following meetings of the High Powered Purchase Committee (HPPC) and High Powered Works Purchase Committee (HPWPC), chaired by Chief Minister Nayab Singh Saini. The approved projects include roads, sewage treatment plants, drainage systems, sewer networks and power infrastructure across Gurugram, Faridabad, Sonipat and Panchkula. Following negotiations with bidders, the government reduced the overall project cost from INR 355.95 crore, generating savings of approximately INR 15.11 crore. The approvals also include procurement of electrical equipment for state power utilities and laboratory infrastructure for the dairy sector.Read more

3 hours ago

• The Uttar Pradesh Cabinet has approved the renaming of Jalalabad town and its municipal body in Shahjahanpur district as Parshurampuri.
• The decision follows the Union government's no-objection approval granted in 2025 and formalises a proposal that had been pending for several years.
• The renaming is based on the town's religious and historical association with Lord Parshuram, whom many believe was born in the region.
• The move is the latest in a series of place-name changes undertaken by the Uttar Pradesh government to align locations with their cultural and historical identities.Read more

4 hours ago

Mumbai recorded more than 1,100 tree fall incidents during the first six days of July, exceeding the total reported across each of the previous three monsoon seasons. Civic officials attributed the unprecedented spike to gale-force winds reaching up to 78 kmph, driven by an active monsoon system. The incidents have disrupted road and rail transport, damaged residential and commercial properties, interrupted power supply in several areas and resulted in fatalities and injuries. The surge has intensified scrutiny of the city's urban infrastructure, tree management practices, emergency response systems and public safety preparedness during the monsoon.Read more

4 hours ago

• Tier-II cities are increasingly driving India's housing market, supported by infrastructure development, expanding service-sector employment and improving economic activity.
• Developers have maintained healthy inventory levels by moderating new project launches, reducing the risk of oversupply and sharp price corrections.
• Housing demand has diverged across cities, with some emerging as premium residential markets while others continue to be driven by affordable and mid-segment housing.
• The report highlights that infrastructure growth, affordability, developer quality and financing trends will shape the next phase of expansion in Tier-II residential markets.Read more

5 hours ago

• The UK construction sector remained in contraction in June 2026, with the S&P Global UK Construction PMI improving marginally to 38.4 from 38.2 in May, indicating a slightly slower pace of decline.
• Commercial construction showed signs of stabilisation and new orders rose to a three-month high, boosting optimism that market conditions could improve in the coming months.
• Housebuilding recorded its steepest decline of 2026, while civil engineering activity fell to its sharpest contraction since April 2020, driven by delayed infrastructure projects and fewer public-sector tenders.
• Despite 18 consecutive months of employment declines, the sector benefited from easing input cost inflation and improved subcontractor availability, offering some relief to construction firms amid challenging market conditions.Read more

5 hours ago

The Ministry of Road Transport and Highways (MoRTH) has proposed new regulations to make cybersecurity and software update management systems mandatory for technologically advanced vehicles, aiming to strengthen protection against cyberattacks as automobiles become increasingly software-driven. The draft rules, aligned with the AIS-189 standard, will be implemented in phases beginning with Level-3 and above automated vehicles from October 2026, before expanding to OTA-enabled and other software-equipped vehicles by 2029. The proposal seeks to align India's automotive cybersecurity framework with global best practices while inviting stakeholder feedback before final implementation.Read more

6 hours ago

The Himachal Pradesh Housing and Urban Development Authority (HIMUDA) has approved an annual work plan and budget of INR 251 crore for FY27, with a strong focus on housing, infrastructure and future land acquisition. The budget includes an allocation of INR 52 crore for procuring land to support upcoming urban development projects across the state. The approvals were made during the authority's 59th board meeting chaired by Housing and Town and Country Planning Minister Rajesh Dharmani. The board also cleared a one-time settlement policy for a housing colony in Una district, approved amendments to contractor enlistment rules and reviewed HIMUDA's financial performance, which exceeded its turnover target in FY26.Read more

Ahmedabad News Desk

6 hours ago

• The Ahmedabad Municipal Corporation (AMC) has identified nearly 220 recently rebuilt roads as vulnerable to cave-ins following multiple road collapses during the ongoing monsoon, raising concerns over the quality of restoration work after underground utility projects.
• The issue gained attention after a 20-foot-deep cave-in on a newly reconstructed RCC road in Satellite, where a parked car fell into the excavation pit, prompting the civic body to inspect road stretches restored after pipeline, drainage, electricity and telecom utility works.
• AMC has launched inspections and directed agencies to strengthen restoration practices and improve coordination during utility works, while experts have called for stricter quality control, proper trench compaction and enhanced monitoring to ensure road safety and prevent similar incidents during the monsoon.Read more

7 hours ago

• The Delhi High Court has sought the Centre's response to petitions filed by members and the staff welfare association of the Delhi Gymkhana Club challenging the eviction proceedings initiated against the institution.
• The court also asked the Union government to ensure that the hearing before the Estate Officer is deferred until after the High Court takes up the matter later this month.
• The dispute stems from the Centre's move to reclaim the club's 27.3-acre property after terminating its perpetual lease, citing public purpose and defence infrastructure requirements.
• The case now shifts to judicial scrutiny as both sides prepare to present their arguments on the legality of the eviction process.Read more

7 hours ago

Hexaware Technologies has entered into a strategic partnership with US-based rental housing technology provider SmartRent Inc. to implement AI-led customer support, revenue management and sales process automation. The collaboration will focus on three areas: AI-enabled customer experience, an intelligent bill-to-cash platform and deployment of Salesforce Revenue Cloud Advanced. According to the companies, the initiative is intended to improve customer support, streamline revenue operations and enhance sales efficiency through automation and AI-powered workflows. The partnership reflects the growing adoption of artificial intelligence and cloud technologies within the rental housing technology sector to improve operational performance and customer engagement.Read more

Noida News Desk

8 hours ago

• Five years after Greater Noida Authority launched its Smart Village initiative, several participating villages continue to struggle with damaged internal roads and incomplete civic infrastructure.
• Residents say deteriorating roads, waterlogging and poor connectivity have persisted despite repeated assurances and allocations for village development.
• While the Authority maintains that infrastructure upgrades are being implemented in phases, locals argue that progress has been uneven across villages.
• The situation has renewed concerns over the pace of rural infrastructure development in rapidly urbanising parts of the National Capital Region.Read more

8 hours ago

• The Telangana government has introduced the Greater Hyderabad Municipal Corporation (Amendment) Bill, 2026, to enable the reorganisation of urban local bodies within the proposed Core Urban Region (CURE).
• The Bill seeks to provide a legal framework for establishing one or more municipal corporations within the Core Urban Region to improve integrated planning and service delivery.
• The proposed amendments align the GHMC Act with the Telangana Municipalities Act, 2019, and the Telangana Panchayat Raj Act, 2018, while replacing an ordinance that came into force in December 2025.
• The government says the reforms aim to address administrative fragmentation, improve infrastructure planning and strengthen metropolitan governance across the Hyderabad region.Read more

9 hours ago

The Centre has approved an INR 3,400 crore expansion of IndianOil LNG's Ennore terminal in Tamil Nadu, doubling its regasification capacity from 5 MMTPA to 10 MMTPA. The project will be executed within the existing 128-acre facility at Kamarajar Port and is aimed at meeting rising natural gas demand across southern India. The expansion is expected to support industrial consumption, city gas distribution networks, power generation and other energy-intensive sectors. It will also strengthen India's gas import, storage and transmission infrastructure while improving long-term energy security and regional supply reliability.Read more

9 hours ago

The Bombay Chamber of Commerce & Industry, in collaboration with the Brihanmumbai Municipal Corporation (BMC), organised the Namaste Mumbai Conclave 2026 and The Grand CivicTech Fund Quest in Mumbai earlier this month. The event brought together government officials, industry leaders, investors, academicians and entrepreneurs to discuss Mumbai's future as a creative, cultural and innovation-driven city. Alongside panel discussions on urban development and city branding, the conclave featured a CivicTech startup competition aimed at supporting technology-led solutions for urban governance. Niramai Health Analytix Pvt. Ltd. emerged as the winner of the competition, while BMC highlighted its efforts to foster civic innovation through its SMILE incubation programme.Read more

08 Jul 2026

• Germany's coalition government has proposed reforms to encourage investment in gas-fired power plants as part of its strategy to strengthen energy security during the transition away from coal.
• The reforms include raising the maximum permissible bid for power station tenders and easing certain operational requirements to improve project viability.
• The government plans to tender 12 GW of new gas-fired power generation capacity in 2026, with projects distributed across northern and southern Germany.
• Industry representatives have welcomed the measures, while opposition leaders have criticised the proposals over concerns about rising costs and increased dependence on gas.Read more

08 Jul 2026

Uttarakhand Chief Minister Pushkar Singh Dhami has inaugurated a 220.90-metre pre-stressed girder bridge over the Dhangarhi Nala in Nainital district, built at a cost of INR 29.65 crore on National Highway-309. The bridge is designed to provide uninterrupted connectivity between the Kumaon and Garhwal regions by addressing recurring monsoon disruptions caused by rising water levels in the Dhangarhi Nala. The state government said the project will improve road safety, facilitate passenger and freight movement, and support tourism and regional economic activity. During the event, the Chief Minister also announced that the nearby 175.60-metre Panaud Bridge, being constructed at a cost of around INR 18.43 crore, is nearing completion.Read more

Ahmedabad News Desk

08 Jul 2026

The Ahmedabad Municipal Corporation (AMC) has safely demolished five additional spans of the old Subhash Bridge as part of its bridge reconstruction project. The controlled demolition marks another milestone in replacing the ageing structure with a wider and more modern bridge. Authorities implemented traffic diversions and safety measures during the operation to minimise public inconvenience. The project is expected to improve connectivity across the Sabarmati River and enhance traffic capacity between eastern and western parts of Ahmedabad.Read more

08 Jul 2026

The Delhi Forest Department has approved the transplantation of 1,049 trees and the felling of 42 trees for the redevelopment of the General Pool Residential Accommodation (GPRA) colony in Sarojini Nagar. The approval, granted under the Delhi Preservation of Trees Act, 1994, requires NBCC to transplant the trees, undertake compensatory plantation of 10,910 indigenous saplings at Bharat Vandana Park in Dwarka and comply with the Tree Transplantation Policy, 2020. The clearance also mandates geo-tagged documentation, annual monitoring and additional plantation if transplanted trees fail to survive. Environmental groups have criticised the decision, raising concerns over tree survival rates, biodiversity loss and transparency in monitoring.Read more

08 Jul 2026

BHP Group has agreed to transfer its San Manuel property in Arizona to Canada's Faraday Copper Corp in exchange for a 30% equity stake, strengthening its exposure to the Copper Creek copper project. Following the transaction, BHP's total holding in Faraday is expected to increase to around 32.5%, including shares acquired through a private placement earlier this year. The companies believe combining San Manuel's infrastructure with the adjacent Copper Creek project could support investment, job creation and domestic copper production in the United States, subject to technical studies and regulatory approvals.Read more

08 Jul 2026

The collapse of an illegal multi-storey structure in Mumbai's Mankhurd that killed six people has renewed focus on redevelopment delays, unauthorised construction and enforcement gaps in the city's eastern suburbs. Officials said the building stood on government-owned land and collapsed onto an adjoining authorised dwelling during heavy rainfall. The incident has highlighted longstanding challenges involving ageing housing, weak soil conditions, delayed rehabilitation and recurring illegal construction across one of Mumbai's most vulnerable urban settlements.Read more

08 Jul 2026

Furniture and appliance rental platform Rentomojo Ltd has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its proposed initial public offering (IPO). The offering comprises a fresh issue of equity shares worth up to INR 150 crore and an offer for sale (OFS) of up to 2.84 crore equity shares by existing shareholders. According to the draft red herring prospectus (DRHP), the company plans to utilise the proceeds from the fresh issue towards debt repayment, warehouse lease expenses and general corporate purposes. The regulatory approval marks a key step in the company's plans to access the public markets.Read more

Mumbai News Desk

08 Jul 2026

• Relentless monsoon rains brought large parts of the Mumbai Metropolitan Region to a standstill, disrupting business operations, road traffic, rail services and flight schedules while prompting emergency measures.
• Waterlogging, landslides and flooded railway tracks led to cancellations, delays and diversions of suburban, long-distance and intercity transport services, severely affecting commuters.
• Authorities advised private establishments to allow employees to work from home where possible, while civic agencies deployed emergency teams to restore normalcy and manage flood-prone areas.
• The IMD warned that heavy to very heavy rainfall is likely to continue, keeping transport networks, businesses and public services on high alert.Read more

08 Jul 2026

• TPG Rise Climate, along with GIC and ICICI Bank, has signed definitive agreements to acquire 100% of Aseem Infrastructure Finance Ltd. (AIFL) from the National Investment and Infrastructure Fund (NIIF) and other shareholders in a deal valued at around INR 5,000 crore.
• Aseem Infrastructure Finance, established by NIIF in 2020, has emerged as a leading non-banking financial company (NBFC) focused on financing renewable energy, power transmission and sustainable infrastructure projects across India.
• The acquisition supports TPG Rise Climate's Global South Initiative, aimed at accelerating climate-focused investments, while positioning Aseem to expand financing for India's clean energy and infrastructure transition.
• The transaction highlights growing global investor confidence in India's sustainable infrastructure sector and is expected to strengthen the availability of long-term capital for renewable energy and climate-related projects.Read more

08 Jul 2026

Wallenstam reported a stronger financial performance in the first half of 2026, with profit after tax rising to SEK 652 million, primarily driven by gains in the value of its investment properties despite rental income remaining stable at SEK 1.56 billion. The company maintained a robust 97% occupancy rate and achieved a 91% commercial lease renewal rate, reflecting resilient tenant demand. It also increased investment in new construction and reconstruction projects to SEK 1.388 billion, while stating that its financial position remains strong and that development activities across its property portfolio will continue through the remainder of 2026, even as analysts maintain a largely 'hold' outlook on the stock.Read more

08 Jul 2026

Interior Company, the home interiors business of Square Yards, is expanding its technology-enabled interior design and execution services as demand for organised post-possession home solutions grows across India. The company offers an integrated model covering design, procurement, project management and execution through a single platform. Its proprietary AI-powered design tools, including the Blocks platform, allow homeowners to visualise, customise and estimate interior costs in real time. Interior Company said it has completed more than 500 projects, built a network of over 2,000 design professionals and expanded its presence across 10 cities in India and two international markets, reflecting growing demand for structured interior execution services.Read more

08 Jul 2026

Indian Hotels Company Ltd (IHCL) signed 20 hotel projects during the first quarter of FY27 as it continued expanding its portfolio under the company's 'Accelerate 2030' growth strategy. The Tata Group hospitality company also opened 11 hotels during the April-June quarter, taking its operational portfolio to more than 380 properties, while its development pipeline reached 263 hotels. Most of the new signings were across the Gateway, Ginger and Tree of Life brands, with projects spanning emerging destinations and established markets across India. The company said it remains on track to achieve a portfolio of 700 hotels by 2030, while also strengthening its international presence with two new Taj hotel openings in Germany and South Africa.Read more

08 Jul 2026

Laser Power & Infra Ltd has fixed the price band for its INR 742 crore initial public offering at INR 203–214 per share, with the issue opening on July 9 and closing on July 13. The IPO comprises a fresh issue of INR 542 crore and an offer for sale of INR 200 crore. The proceeds will primarily be used to reduce debt, strengthen the company's balance sheet and support future capital expenditure. The fundraising will also help finance business expansion as the company scales its operations across India's power transmission, distribution and infrastructure sectors amid growing investment in utility and energy infrastructure.Read more

08 Jul 2026

• A consumer commission has issued non-bailable warrants (NBWs) against the Managing Director and a director of Deluris Buildtech India in execution proceedings related to compensation awarded to homebuyers.
• The action stems from alleged non-compliance with compensation orders passed in cases involving delayed possession of apartments in the Zara Rossa project in Gurugram.
• The commission directed that the warrants be executed through the Delhi Police, with the accused required to appear before the commission on the next scheduled hearing.
• Deluris Buildtech has maintained that possession of the project has already been handed over, while stating that review petitions and appeals against the compensation orders are pending before the appropriate forums.Read more

08 Jul 2026

• Gillco Group will invest INR 800 crore to develop Gillco Meraqui, a premium residential project spread across 12 acres on PR-7 Airport Road in Sector 126, Mohali.
• The development will comprise 444 luxury apartments across six high-rise towers, offering spacious 3+1 BHK and 4+1 BHK residences with a focus on premium amenities and design.
• The project is positioned along one of the Tricity region's fastest-growing corridors and is expected to cater to rising demand for high-end housing in Mohali.
• Gillco Group said the investment reflects its long-term expansion strategy and confidence in the sustained growth of Punjab's residential real estate market.Read more

08 Jul 2026

Spain and Portugal are closely monitoring their residential property markets as rapid house price growth and strong mortgage lending raise concerns about potential overheating. House prices increased by 12.9% year-on-year in Spain and 17.8% in Portugal during the first quarter of 2026, supported by robust demand, limited housing supply and favourable economic conditions. While regulators in both countries have introduced or are considering limited measures to improve financial stability, authorities believe current market conditions remain significantly different from those preceding the 2008 global financial crisis. Analysts say affordability pressures persist, but supply shortages rather than excessive credit continue to be the primary driver of price appreciation.Read more

08 Jul 2026

The Gujarat government has inaugurated the state's first six-lane cable-stayed flyover at Bhat Circle on the Gandhinagar–Ahmedabad Airport Road, marking a major milestone in strengthening the Ahmedabad–Gandhinagar growth corridor. Built at a cost of INR 175 crore, the 1.48-km-long project, along with upgraded service roads and a widened Narmada Canal bridge, is expected to ease congestion, improve travel time for nearly 2 lakh daily commuters, and provide seamless connectivity to key destinations such as GIFT City, Ahmedabad airport and surrounding urban centres. The project also supports Gujarat's long-term vision of developing modern transport infrastructure to facilitate economic growth, urban expansion and improved mobility across one of the state's busiest corridors.Read more

08 Jul 2026

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

08 Jul 2026

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

08 Jul 2026

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

08 Jul 2026

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

08 Jul 2026

• 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

08 Jul 2026

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

08 Jul 2026

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

08 Jul 2026

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

08 Jul 2026

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

08 Jul 2026

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

08 Jul 2026

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

08 Jul 2026

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

08 Jul 2026

• 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