16 minutes ago

India plans to add 100 vessels to its merchant fleet over the next five years as it seeks to reduce dependence on foreign shipping lines and lower its annual freight outgo of around USD 75 billion. Shipping Minister Sarbananda Sonowal announced the plan at the National Shipping Board’s first Sagar Samvad, which also outlined a five-point roadmap covering fiscal reforms, assured cargo support, competitive financing, regulatory changes and ease of doing business. The move is part of India’s wider efforts to strengthen domestic shipping, shipbuilding and maritime employment under its long-term maritime development plans.Read more

1 hour ago

Sembcorp Green Infra Ltd has filed its Draft Red Herring Prospectus with Sebi to raise up to INR 3,750 crore through an initial public offering, with the entire issue comprising a fresh issue of equity shares. The company plans to use the IPO proceeds to repay certain borrowings of the company and its subsidiaries. As of March 31, 2026, Sembcorp Green Infra had 3.60 GW of operational renewable energy capacity and around 4.04 GW/GWh under construction. The renewable energy producer is also expanding into hybrid, storage-backed, round-the-clock and firm and dispatchable renewable energy projects.Read more

2 hours ago

The cricket competition at the 2026 Asian Games in Japan is facing concerns over the readiness of its venue and accommodation ahead of the tournament. Participating boards, including Pakistan, have questioned the recently laid and relatively untested pitch at Korogi Sports Park, converted from a baseball field, along with limited dressing-room facilities and small hotel rooms. The Pakistan Cricket Board raised the issue at an Asian Cricket Council meeting, following which the BCCI also approached Indian Olympic Association and Asian Games organisers. India’s men’s and women’s teams are scheduled to enter from the quarter-final stage.Read more

3 hours ago

India's air cargo sector is gaining momentum as stronger exports, cross-border e-commerce and evolving supply chains increase demand for faster freight movement. International shipments are emerging as an important growth segment, while policy changes and investments in airport cargo infrastructure are improving the efficiency of air freight operations. The expansion is creating opportunities for airlines, freight forwarders, warehousing companies and logistics providers. Rising demand from sectors such as electronics, pharmaceuticals, perishables and high-value goods is also strengthening India's position as an increasingly important hub for time-sensitive and international cargo.Read more

4 hours ago

Schneider Electric has launched its Installed Base Tracking campaign in India to help businesses create digital identities for critical electrical assets and improve asset lifecycle management. The initiative targets industries, commercial buildings, infrastructure and data centres, enabling organisations to shift from reactive maintenance to predictive and condition-based maintenance. By digitally recording equipment details, service history and lifecycle status, the company aims to improve planning, reduce downtime risks and support more efficient maintenance and modernisation decisions across India's expanding critical infrastructure.Read more

29 Aug 2026

ITC Hotels has announced a range of Raksha Bandhan offerings across its properties in Mumbai, Hyderabad and Agra, covering festive dining, gifting, chocolate-making and an eco-friendly Rakhi ritual. At ITC Maratha in Mumbai, guests can attend a Raksha Bandhan feast at Peshwa Pavilion on August 28, 29 and 30, alongside a Fabelle chocolate masterclass from August 28 to 30. ITC Grand Central will host a family dinner at Hornby's Pavilion on August 28, with a 50% saving for sisters dining with their brothers. ITC Kohenur has introduced festive hampers, cakes and mithai boxes from August 21 to 28, along with a Fabelle masterclass. At ITC Mughal, Agra, guests can participate in an eco-friendly Rakhi ritual, brunch and live music at INR 2,800 per person.Read more

29 Aug 2026

Bhumika Realty, the real estate arm of Bhumika Group, has partnered with PVR INOX Ltd to establish a 25,000 sq ft multiscreen multiplex at The Icon, its mixed-use development in Sector 27A, Faridabad. The cinema will occupy the second and third floors of the project and is planned to begin operations alongside the opening of the mall. The agreement represents the second association between the two companies after PVR INOX’s presence at Urban Square in Udaipur. Located on NH-19 along the Delhi-Mathura Road corridor, The Icon is a RERA-approved development comprising premium retail, residences and hospitality. Designed by Bentel Associates of South Africa, the project is intended to cater to the established residential and commercial catchment around Sector 27A, as well as consumers from across Faridabad and adjoining South Delhi areas.Read more

29 Aug 2026

Karnataka’s Bhoo Guarantee initiative has received a muted response from Bengaluru property owners despite a temporary reduction in the fee for converting B-Khata properties into A-Khata. Of nearly 8.5 lakh identified B-Khata properties, only a small proportion applied for conversion during the concession period. The Greater Bengaluru Authority had reduced the conversion charge from 5% to 2% of the guidance value in an effort to encourage participation, but property owners cited the overall cost of regularisation and limited immediate benefits as key concerns. The weak response has also affected civic bodies’ revenue expectations.Read more

29 Aug 2026

German semiconductor major Infineon Technologies has leased 6,31,923 sq ft of office space at Bagmane Solarium City in Whitefield, Bengaluru, under a 10-year agreement with an estimated rental outgo of more than INR 750 crore. The transaction, documented through property data platform Propstack, covers ground to the ninth floor of the building and carries an initial monthly rent of INR 5.56 crore, or INR 88 per sq ft. The lease is scheduled to begin on December 1, 2026, with an eight-month rent-free period and a 15% escalation every three years. The transaction comes shortly after Infineon announced the acquisition of Bengaluru-based power semiconductor start-up C2i Semiconductors, as the company expands its engineering and research operations in India.Read more

29 Aug 2026

The Madhya Pradesh Cabinet has approved INR 3,960.09 crore for upgrading the 91.64-km Seoni-Balaghat highway into a four-lane road with paved shoulders. The project will be implemented under the Hybrid Annuity Model and is aimed at improving connectivity between Seoni and Balaghat while strengthening links with Nagpur, Gondia, Mandla and Bhandara. The corridor is expected to improve the movement of passengers and goods across eastern Madhya Pradesh and support regional economic activity. The approval is part of the state government's broader push to expand and upgrade its road infrastructure network.Read more

29 Aug 2026

Cybersecurity company OPSWAT has opened its first India-based office and Critical Infrastructure Protection (CIP) lab in Bengaluru, providing customers and partners with local engineering and sales support. The facility will allow visitors to test cybersecurity defences through simulated real-world attack scenarios covering both information technology (IT) and operational technology (OT) environments. The Bengaluru office will also host product demonstrations, executive briefings, workshops and meetings with channel partners and system integrators. The company said the facility is aimed at supporting organisations across sectors that rely on critical infrastructure and face increasing cybersecurity risks.Read more

29 Aug 2026

Gujarat Inject (Kerala) Limited (GIKL) has entered into a strategic business partnership with England-based Storenergy Limited to jointly explore opportunities in the Renewable Energy Storage Technology (REST) segment in India. The partnership, announced from Vadodara on August 24, will focus on identifying, evaluating and developing potential opportunities in the Indian market. The agreement is intended to allow GIKL to participate in the country's growing renewable energy storage segment and assess related business opportunities. The companies will combine GIKL's interest in the Indian market with Storenergy's capabilities in renewable energy storage. While the partnership establishes a framework for collaboration, commercial terms for individual projects or opportunities will be determined separately at a later stage. The transaction has also been stated to be not a related-party transaction.Read more

29 Aug 2026

Flexible workspace operators leased 191,306 seats across India’s top eight cities during the first half of 2026, marking a 68.4% increase from 113,623 seats in the corresponding period last year, according to Cushman & Wakefield data reported by The Economic Times, Times of India and BW Businessworld. Gross leasing volume reached 8.4 million sq ft, up 55% year-on-year from 5.4 million sq ft. Flex operators accounted for nearly one-fifth of the approximately 43 million sq ft of total office leasing during the period. Global Capability Centres (GCCs) contributed 44% of flex seat demand. Bengaluru led the market with 57,487 seats, while Hyderabad and Delhi NCR recorded strong annual growth in flex seat leasing.Read more

29 Aug 2026

A catastrophic flash flood swept through Nepal's Rasuwa district on 26 August, killing at least 95 people, according to Nepal's Prime Minister's Office, with three further deaths reported across the border in Tibet. The flood, which surged suddenly through the Bhotekoshi River without preceding rainfall, devastated the towns of Timure and Syabrubesi, damaged multiple hydropower stations, and swept away bridges, roads and border infrastructure along the Nepal-China crossing at Rasuwagadhi. Hundreds remain missing, including at least 403 foreign nationals and 93 Nepali tourists, according to the Prime Minister's Office, with dozens of security personnel from the Nepali Army, Nepal Police and Armed Police Force also unaccounted for.Read more

29 Aug 2026

Tiruchirappalli International Airport has commenced domestic air cargo operations, opening a new freight channel for businesses in central Tamil Nadu. The facility handled around 2.46 tonnes of cargo on its first day, with the initial consignment transported on a domestic passenger flight. The service follows security clearance from the Bureau of Civil Aviation Security and is expected to benefit exporters, manufacturers and traders by providing faster access to markets within India. The airport will initially use its integrated passenger terminal for cargo handling as domestic freight activity develops.Read more

29 Aug 2026

Juniper Green Energy, through its subsidiary Juniper Nirjara Energy, has signed a 25-year power purchase agreement with SJVN Ltd for a 50 MW Firm and Dispatchable Renewable Energy project. The PPA carries a tariff of INR 4.25 per unit and requires the project to provide four hours of peak-hour supply with 90% monthly availability, along with a minimum annual capacity utilisation factor. The project will integrate solar power with battery energy storage to meet these supply requirements. The agreement expands Juniper’s FDRE portfolio and strengthens its integrated renewable energy and storage capabilities.Read more

29 Aug 2026

The Pune Municipal Corporation (PMC) is facing property tax arrears of around INR 2,500 crore from 32 merged areas, putting pressure on its finances and ability to fund civic infrastructure. The outstanding amount comprises INR 1,650 crore in principal tax and INR 850 crore in interest. Of around 4.40 lakh properties in these areas, only about 1.10 lakh owners have paid their dues. Residents have resisted payments citing inadequate civic services, while the PMC continues to seek a resolution to improve collections and strengthen its revenue position.Read more

29 Aug 2026

Indiabulls has entered into a development management agreement with a private landowner for a residential project spread across 10.84 acres along Dwarka Expressway in Gurugram. The project is expected to have around 21 lakh sq ft of saleable area and an estimated gross sales value of INR 3,700 crore. According to the company’s exchange filing, RERA registrations for Phases 1 and 3 have been obtained, while the project is expected to be launched by mid-October 2026. The development will take Indiabulls’ overall project GDV to INR 27,308 crore.Read more

29 Aug 2026

South African property company Putprop has entered into a lease renewal addendum with Larimar Properties Proprietary Limited, extending its existing rental arrangement. Under the renewed agreement, the maximum rental income available to Putprop will be R3.78 million, excluding VAT. The agreement relates to an existing property lease and provides for continued rental income from the tenant. The company disclosed the arrangement as part of its latest regulatory update, although it did not provide further details on the property, lease period or specific terms of the renewed agreement.Read more

29 Aug 2026

SVC Co-operative Bank has conducted a nationwide cyber fraud awareness campaign across 213 housing societies, reaching more than 19,061 residents through its network of 203 branches across 10 states and one Union Territory. The initiative focused on educating residents about phishing, investment scams, impersonation, OTP and UPI frauds, QR code scams, digital arrest frauds and fake customer care calls. Bank officials also shared basic cyber hygiene practices and advised residents to report suspected fraud through the National Cyber Crime Helpline 1930 or the government’s cybercrime reporting portal.Read more

29 Aug 2026

Cheaper home loans have not made buying easier, as property prices in India's metros have climbed faster than the rate cuts could offset. Rental yields across major cities remain as low as 2–4%, often below fixed deposit returns, while price-to-rent ratios in Mumbai and Delhi have moved well past global benchmarks that favour ownership. Career mobility, the opportunity cost of a down payment, and the rise of tier-2 buying markets are reshaping what was once considered a simple, emotional decision into a city-specific financial calculation for India's 25-to-40 population.Read more

29 Aug 2026

The Pune Cantonment Board is seeking approval to commercially utilise a 5.43-acre defence land parcel in Koregaon Park to strengthen its finances. The land, classified as ‘C’ land and managed by the board, has remained unused for decades. The board has approached the Principal Directorate of Defence Estates, Southern Command, for statutory sanction to explore commercial use. The proposal comes as the board faces a monthly funding gap, with expenses of at least INR 12 crore against revenue of about INR 2 crore, increasing its dependence on central government aid.Read more

29 Aug 2026

Mumbai’s luxury residential market recorded 1,499 transactions involving homes priced at INR 5 crore or more during April-June 2026, with a combined registered value of INR 14,903 crore, according to the latest Lighthouse Luxury report, powered by Zapkey’s property registration intelligence. The data indicates an average of about 16 luxury homes registered daily, with transactions averaging INR 164 crore in value each day. Worli remained the highest-value micro-market, while Goregaon East, Andheri West, Vile Parle West and Santacruz West featured among the leading locations by transaction value. Godrej Properties led developer performance with INR 1,304 crore across 110 registrations, while Godrej Trilogy in Worli alone accounted for 37 deals worth INR 799 crore. The quarter also recorded notable luxury leases involving public figures and a INR 211 crore residential sale in Chennai.Read more

Nagpur News Desk

29 Aug 2026

MIHAN India Ltd and Maharashtra Airport Development Company Ltd have paid INR 5 crore towards outstanding property tax to the Nagpur Municipal Corporation (NMC), giving a boost to the civic body's ongoing recovery campaign. The payment was made as NMC intensifies efforts to collect long-pending dues across all 10 zones. The corporation has set a September 30 deadline for the drive and is prioritising commercial properties and major defaulters. Officials have been authorised to issue notices, initiate attachment proceedings and pursue other legal measures against properties with significant unpaid tax liabilities. MIHAN India Ltd and Maharashtra Airport Development Company Ltd have cleared INR 5 crore in outstanding property tax dues with the Nagpur Municipal Corporation (NMC), as the civic body steps up its campaign to recover accumulated tax liabilities from property owners across the city.Read more

29 Aug 2026

BikeWo GreenTech Limited is exploring strategic opportunities to expand into warehousing and integrated logistics infrastructure, as part of its broader vision to build a comprehensive mobility and logistics ecosystem. The Hyderabad-based electric mobility firm intends to evaluate technology-enabled warehousing across sectors including e-commerce, automotive and electric mobility, FMCG, retail and enterprise logistics, with an initial focus on Hyderabad before expanding to other Indian markets. The company said it would consider a mix of owned, leased, operated, build-to-suit and partnership-led models, with the expansion currently at an exploratory stage.Read more

29 Aug 2026

Gaurs Group expects sales bookings of around INR 5,500 crore in the current financial year, supported by a strong pipeline of residential launches in Noida and along the Yamuna Expressway. The company plans to launch three to four housing projects by March next year. It has also partnered with Seaform Germany to procure premium modular kitchens and wardrobe solutions worth INR 150 crore over five years, covering more than 10,000 kitchens across its projects. The developer said housing demand remains strong in Noida, Greater Noida and Ghaziabad, where supply from established developers remains limited.Read more

29 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) and Navi Mumbai Police Commissionerate have launched a 11-bed de-addiction and rehabilitation centre at the Mother Teresa building in Sector 8, CBD Belapur, to provide treatment, counselling and rehabilitation support to people affected by substance dependence. Maharashtra Chief Minister Devendra Fadnavis inaugurated the facility virtually from D Y Patil University of Excellence, Nerul, during the launch of the Navi Mumbai Police’s ‘Campus Connect’ campaign under the ‘Drug-Free Navi Mumbai’ initiative. The centre will be operated by Bandhilki Foundation and will provide rehabilitation, life-skills, vocational training, skill development, recreational and patient-support programmes. It will also involve families in counselling and follow-up support, with psychiatrists, psychologists or counsellors, nurses and other trained personnel providing care.Read more

29 Aug 2026

Trichy is set to introduce green centre medians across 25 roads as part of an urban improvement initiative aimed at reducing heat stress and improving the city’s road environment. The proposed medians will incorporate vegetation while also helping organise traffic movement along key stretches. The initiative comes as the city looks to strengthen green infrastructure and address the impact of rising temperatures and increasing urbanisation. The project is expected to improve streetscape quality, provide shade and contribute to a more comfortable environment for pedestrians and motorists.Read more

29 Aug 2026

The National Company Law Tribunal’s approval of a repayment plan for Essel Group founder Subhash Chandra should not be viewed as a 99.97% write-off of Rs 22,006 crore in bank loans, according to sources citing the insolvency court’s order. The admitted amount represents claims against Chandra as a personal guarantor for loans taken by Essel/Zee-linked companies, rather than debt personally borrowed by him. The approved plan provides for around Rs 6.25 crore from Chandra’s personal estate, while the underlying corporate borrowers remain liable for their debts and are expected to make payments of about Rs 1,494 crore.Read more

29 Aug 2026

Hyderabad-based real estate developer ASBL has launched its latest residential project, ASBL Legacy, at RTC X Roads in Hyderabad. Spread across approximately 7.97 acres, the project will comprise three towers of G+50 floors and is expected to be completed by June 2031. The company has already received RERA registration and plans to begin bookings by the end of September. ASBL said it will invest INR 1,800 crore in construction over the next five years, in addition to the INR 400 crore already invested in the land. The project will offer three- and four-BHK homes.Read more

29 Aug 2026

Water and wastewater technology company Gradiant is expanding its Global Engineering Center (GEC) in Coimbatore, increasing its engineering workforce from around 100 to more than 200 professionals. The expansion will strengthen the centre’s capabilities in process, detailed design and project engineering and allow it to take greater responsibility for Gradiant’s international projects. The company said the investment will support its growing business across semiconductors, advanced manufacturing, renewable energy and pharmaceuticals. Gradiant also plans to further expand its engineering operations in India over the next three years, with Coimbatore and Chennai forming a strategic global engineering hub.Read more

29 Aug 2026

IT services company HCLTech and German chemicals and biotechnology firm Wacker Chemie AG have established a Global Capability Centre (GCC) in Pune. The centre will support Wacker’s engineering, IT and digital transformation initiatives and is intended to provide a flexible and resilient delivery platform. The GCC expands the companies’ existing strategic partnership, with HCLTech bringing its expertise in DevSecOps and automation to help build a high-performing team, strengthen governance and support Wacker’s digital modernisation efforts. Wacker operates 27 production sites globally and reported annual sales of around 5.5 billion euros in 2025.Read more

29 Aug 2026

Indonesia’s sovereign wealth fund Danantara has started construction of a 3 trillion rupiah (USD 169.54 million) waste-to-energy plant near the Bantargebang landfill, the country’s largest dumpsite. The facility is planned to process 1,500 tonnes of waste a day and is expected to begin operations in mid-2028. The project is Danantara’s second waste-to-energy facility to enter construction, following its Bali project that began in July. The development comes as Indonesia seeks to expand waste-to-energy capacity across several cities to address growing waste management pressures and reduce dependence on landfills.Read more

29 Aug 2026

The reconstruction of the Maris Road Over Bridge (RoB) near Fort railway station in Trichy is expected to be completed by October 2026, according to Trichy MP Shri Durai Vaiko. The bridge has remained closed during reconstruction, forcing commuters to use alternative routes and adding pressure on surrounding roads. The project has faced delays during execution, affecting the earlier completion schedule. Authorities are now monitoring the construction to meet the revised timeline. Once reopened, the bridge is expected to restore an important road link in central Trichy and ease congestion on diversion routes.Read more

29 Aug 2026

Gaja Alternative Asset Management Ltd made its stock market debut on August 26 at a premium of nearly 16% over its issue price of INR 160 per share. The shares opened at INR 185.20 on the BSE and INR 185 on the NSE, valuing the company at INR 2,481.07 crore. The company’s INR 550-crore initial public offering was subscribed 31.33 times on the final day of bidding. The issue comprised a fresh share sale of INR 450 crore and an offer for sale of up to INR 100 crore, with proceeds from the fresh issue earmarked for debt repayment, seeding new funds and general corporate purposes.Read more

28 Aug 2026

A special Prevention of Money Laundering Act (PMLA) court in Mumbai has allowed ICICI Bank to place INR 33.02 crore in rental income linked to properties attached in the Mehul Choksi money laundering case into a fixed deposit. The amount, generated from a commercial property in a Kolkata mall, had been lying in a Kotak Mahindra Bank account. The court directed that the fixed deposit be maintained in the court’s name, with the funds protected from any adjustment against ICICI Bank’s outstanding claims. Future rental income will also be covered by the arrangement.Read more

28 Aug 2026

Air India has entered into an interline partnership with Bhutan’s national carrier, Drukair-Royal Bhutan Airlines, allowing passengers to travel across the two airlines’ networks through a single connected journey. The agreement is intended to improve air connectivity between India and Bhutan and broaden access to destinations across South Asia. Air India said the partnership gives it connectivity to nearly all countries in the South Asian Association for Regional Cooperation (SAARC) region through its own services or partner networks. SAARC comprises India, Bhutan, Pakistan, Bangladesh, Nepal, Afghanistan, the Maldives and Sri Lanka.Read more

28 Aug 2026

Bihar Chief Minister Samrat Choudhary has constituted a committee to examine notices issued by the Patna Municipal Corporation (PMC) over commercial activities being conducted in residential buildings. The committee, headed by Deputy Chief Minister Vijay Kumar Choudhary, will study the issue and work towards a practical and public-interest solution. The panel includes the urban development and housing minister, rural development minister, cooperation minister and a legislative council member. The move follows a delegation’s meeting with the chief minister seeking resolution of the notices issued by the civic body.Read more

28 Aug 2026

Cement manufacturers operating in Tamil Nadu are set to benefit from the cessation of the Mineral Bearing Land Tax (MBLT) on limestone following the Mines and Minerals (Development and Regulation) Amendment Act, 2026. The state had imposed a levy of INR 160 per tonne of limestone from April 2025, increasing input costs for cement producers. The amendment restricts states from imposing fresh taxes or levies on mineral rights and mineral-bearing land, subject to conditions prescribed by the Centre. The move is expected to reduce operating costs and support cement makers’ margins.Read more

28 Aug 2026

Private home prices in Hong Kong fell 0.5% in July, marking their first monthly decline in 16 months, according to data from the Rating and Valuation Department. The decline followed a revised 0.2% increase in June, although prices remained 7.3% higher during the first seven months of the year and 12.8% above their March 2025 low. Realtors expect the market to undergo a short period of consolidation as buying activity faces pressure from a correction in stock markets and tighter curbs by China on outbound investment.Read more

28 Aug 2026

The Uttar Pradesh Cabinet has approved the extension of the Ganga Expressway from Meerut to Haridwar at an estimated cost of INR 10,761 crore. The proposed six-lane greenfield corridor will have provisions for future expansion to eight lanes and is expected to improve connectivity between western Uttar Pradesh and Haridwar. The project will also strengthen the road link between Prayagraj and Haridwar, two major pilgrimage centres associated with the Kumbh Mela. The state government expects the improved connectivity to support tourism, trade, investment and economic activity across the regions along the corridor.Read more

Bangalore News Desk

28 Aug 2026

Mumbai-based Shree Naman Group has emerged as the successful bidder for two premium hotels- JW Marriott Bengaluru and Crowne Plaza Pune- in transactions valued at around INR 1,800 crore. The acquisitions, being pursued through separate insolvency resolution processes, will significantly expand the group’s hospitality footprint beyond its existing portfolio. While the bids have been accepted by creditors, the transactions remain subject to approvals under the ongoing insolvency proceedings before they are completed, making them among the notable hotel asset transactions in India’s hospitality sector this year.Read more

28 Aug 2026

MMRDA is awaiting a final technical report from the Airports Authority of India (AAI) regarding the additional height required for the overhead equipment system on Mumbai Metro Line 7A. SYSTRA-CEG-SMCIPL, the project's General Consultant/Engineer, was responsible for design and coordination of permissions, including airport-area height restrictions. However, the additional OHE height requirement was not adequately considered during the relevant design and planning stage. MMRDA is following up with AAI and will assess the technical implications and determine the next steps after receiving the final clearance.Read more

28 Aug 2026

The New Delhi Municipal Council (NDMC) on Wednesday publicly apologised to residents for rain-triggered waterlogging across several areas under its jurisdiction, following heavy rainfall on 25 August that inundated parts of the national capital, including its VVIP zones housing ministers, judges and senior bureaucrats. NDMC Chairman Manoj Kumar Dwivedi said the civic body normally clears waterlogging within 15 to 20 minutes, but water took over an hour to drain at three to four locations after more than 72 mm of rainfall fell in under two hours. He said the intense spell could not be treated as an excuse and pledged short- and long-term measures to make the entire NDMC area free of waterlogging, while inviting suggestions from residents.Read more

28 Aug 2026

Aroundtown, one of Germany’s largest listed landlords, reported a 62% decline in net profit for the first half of 2026 as falling German commercial property prices affected its valuation results. Net profit stood at EUR 218 million, compared with the previous year, while higher financing costs also weighed on earnings. Funds from operations (FFO I), a key measure of operating performance for real estate companies, declined to EUR 144 million from EUR 150 million. Despite the weaker profit, Aroundtown retained its full-year FFO I guidance of EUR 275 million to EUR 305 million.Read more

28 Aug 2026

Indian Railways is preparing two new public-private partnership frameworks, the Development Partner Model and Hybrid Annuity Model, to attract private capital into a INR 2.62 trillion asset pipeline under National Monetisation Pipeline 2.0. The proposed structures are intended to make projects such as new rail lines, station redevelopment, freight terminals, private wagon and container operations, maintenance facilities, power projects and budget hotels more attractive to investors. The initiative seeks to expand private participation while retaining public control over strategically important railway assets.Read more

28 Aug 2026

The Centre is monitoring 1,775 ongoing infrastructure projects worth a revised INR 37.11 lakh crore across 17 ministries and departments as of July 2026. The Ministry of Road Transport and Highways accounts for the largest share with 993 projects valued at INR 9.62 lakh crore, while the Ministry of Railways is implementing 190 projects with a revised cost of INR 6.38 lakh crore. Cumulative expenditure across all monitored projects has reached INR 19.26 lakh crore, or about 51.91% of the revised project cost. Transport and logistics remains the largest infrastructure sector by project count and value.Read more

28 Aug 2026

State Bank of India’s home loan portfolio is expected to cross the INR 10 lakh crore mark during the current quarter, driven by sustained housing demand, chairman C S Setty said. SBI had crossed INR 9 lakh crore in home loans during the previous financial year and currently accounts for about 28% of India’s home loan market. The lender is also working to expand access through dedicated processing centres and is exploring securitisation to recycle capital and support further lending. The milestone reinforces SBI’s dominant position in housing finance.Read more

28 Aug 2026

Assam has received approval for 3.8 lakh new houses under the Pradhan Mantri Awas Yojana, involving an investment of nearly INR 5,000 crore. Assam Chief Minister Himanta Biswa Sarma received the approval from Union Agriculture Minister Shivraj Singh Chouhan during a meeting. Additional houses will also be sanctioned for flood-affected areas to support reconstruction, while further housing assistance is expected for tea garden areas. The state also received INR 139 crore under the Rashtriya Krishi Vikas Yojana for agricultural investment and sustainable farming.Read more

28 Aug 2026

Sugee Group has entered the Thane market with Sugee Lake District, a 52-acre waterfront development in Thane West featuring commercial offices, retail, hospitality and lifestyle spaces. Located opposite Korum Mall near Cadbury Junction, the project will include Grade A++ offices, high-street retail, dining and a six-acre lakeview promenade. The first commercial tower will rise 45 storeys above ground, with office spaces ranging from around 800 square feet to 6,000 square feet. The project has also been registered under LEED, with a focus on resource efficiency and environmentally responsible design.Read more