29 minutes ago

Realty Income has expanded its revolving credit facilities and global commercial paper programmes to a combined capacity of USD 5.5 billion, strengthening its access to capital for future growth. The revised facilities include an accordion feature that can increase borrowing capacity to USD 6.5 billion, subject to lender approvals. The company has also lowered its borrowing costs under the new arrangement while extending the maturity profile through two equal tranches maturing in 2029 and 2030. The move is aimed at enhancing liquidity and supporting future investments.Read more

59 minutes ago

• Madhya Pradesh has launched the INR 5,017 crore Ujjain-Jaora Greenfield Highway project to strengthen road connectivity across the Malwa region.
• The 98.73-km four-lane corridor will provide direct access to the Delhi-Mumbai Expressway and improve connectivity between Ujjain and Jaora.
• The project is expected to support industrial growth, logistics, tourism and preparations for Simhastha 2028.
• The highway will be developed by the Madhya Pradesh Road Development Corporation (MPRDC) under the Hybrid Annuity Model (HAM) and is targeted for completion by December 2027.Read more

Mumbai News Desk

1 hour ago

• Mumbai Metro One Private Limited (MMOPL), a subsidiary of Reliance Infrastructure Ltd, has entered into a debt restructuring agreement with the National Asset Reconstruction Company Limited (NARCL), a government-owned entity.
• The restructuring will reduce MMOPL's outstanding debt by more than INR 1,100 crore and lead to the withdrawal of insolvency proceedings initiated against the company.
• MMOPL operates the Versova–Andheri–Ghatkopar Metro Line-1, one of Mumbai's busiest metro corridors, serving over five lakh commuters daily.
• The agreement covers financial obligations of INR 2,771.32 crore and includes a monitoring mechanism to oversee implementation of the restructuring plan.Read more

1 hour ago

Delhi Lieutenant Governor Taranjit Singh Sandhu has approved a series of long-pending land allotments to remove hurdles affecting several infrastructure and public welfare projects across the capital. The approvals include land for new Delhi Metro facilities, more than 150 borewells, waste management infrastructure, police stations and public utilities. The decisions are expected to accelerate project execution, improve urban services and strengthen civic infrastructure. The move is also aimed at improving coordination among government agencies and ensuring that land-related issues do not delay essential public projects in Delhi.Read more

2 hours ago

• Gujarat Real Estate Regulatory Authority (GujRERA) has tightened scrutiny of new real estate project registrations after finding that nearly 50% of applications under review involve developers with pending complaints or regulatory proceedings.
• Developers seeking approval for new projects are now being asked to resolve outstanding complaints, penalties and other dues before fresh registrations are granted. In some cases, projects have received conditional approvals subject to compliance within stipulated timelines.
• The enhanced due diligence covers both complaints filed by homebuyers and suo motu proceedings initiated by the regulator, with the aim of improving accountability and protecting homebuyers.
• GujRERA is also preparing to display developers' complaint histories on its public portal, enabling prospective buyers to review a promoter's regulatory track record before investing in a project.Read more

15 Jul 2026

The Telangana High Court has directed the state government to allot 2BHK houses at Kollur to 71 families displaced from Bhimrao Bada in Hyderabad, bringing an end to a 17-year rehabilitation dispute. The court ruled that the families, evicted during the construction of the P.V. Narasimha Rao Expressway, could not be denied permanent housing despite administrative delays. The judgment reinforces the state's obligation to honour rehabilitation commitments made to project-affected residents.Read more

15 Jul 2026

India's Oil and Natural Gas Corporation (ONGC) plans to develop a 1.75 million metric tonne (MT) strategic petroleum reserve (SPR) in Mangaluru as part of the country's efforts to strengthen energy security. The proposed facility will add to India's existing emergency crude storage capacity and may also be used for commercial purposes after obtaining government approval. The move comes as India continues to expand its strategic reserves following recent global supply disruptions and deepen energy partnerships with countries such as the UAE and Japan to improve crude oil storage and supply resilience.Read more

15 Jul 2026

Union Home Minister Amit Shah launched a mass plantation drive in Gujarat's Gandhinagar Lok Sabha constituency, where over one crore trees were planted in a single day under the 'Ek Ped Maa Ke Naam' campaign. He also inaugurated and laid the foundation stones for multiple development projects, taking the total value of completed works in the constituency to INR 28,492 crore. The initiative includes new Oxygen Parks, clean public transport, solar rooftop expansion and measures to increase regional green cover to 20% by 2029.Read more

15 Jul 2026

The Delhi government has requested the Centre to declare the 8.8-km Mandi Road in south Delhi a National Highway and transfer its development to the National Highways Authority of India (NHAI). Chief Minister Rekha Gupta has written to Union Road Transport and Highways Minister Nitin Gadkari, stating that the move would enable integrated planning, uniform engineering standards and faster infrastructure upgrades. The corridor links Delhi with Faridabad and Gurugram and serves as an important route for inter-state traffic. The proposal is intended to improve regional connectivity, reduce congestion and support planned infrastructure development across the National Capital Region (NCR).Read more

15 Jul 2026

Dubai's residential property market recorded transactions worth AED 225.7 billion during the first half of 2026, marking a 16% decline from the record levels seen a year earlier, according to Anarock. The consultancy attributed the slowdown to geopolitical tensions in West Asia, which temporarily affected buyer sentiment during March and April. Residential property prices softened by 4–7% between February and April before stabilising, while average prices remained higher than a year earlier at around AED 1,900 per sq ft. Anarock said the market recovered steadily following ceasefire efforts, supported by sustained demand and strong structural fundamentals.Read more

15 Jul 2026

The third BRICS Transport Ministers' Meeting concluded in Nagpur under India's BRICS Chairship 2026 with the adoption of a ministerial declaration aimed at strengthening cooperation on transport infrastructure and sustainable mobility. The declaration establishes a collaborative framework covering infrastructure circularity, Sustainable Aviation Fuel (SAF), transport decarbonisation, urban mobility hubs, logistics supply chains and railway research. The meeting followed a two-day gathering of senior officials and brought together transport ministers, policymakers and technical experts from BRICS member countries to advance cooperation on transport planning, connectivity and infrastructure development.Read more

15 Jul 2026

North Goa's premium residential market recorded a 4-6% year-on-year decline in capital values during the first half of 2026, according to Savills India. The correction follows a strong price rally over the past few years that was driven by demand from second-home buyers, high-net-worth individuals (HNIs), and investors. The consultant attributed the moderation to rising unsold inventory, particularly in the plot segment, prompting developers to offer more flexible pricing. Meanwhile, premium housing markets in Gurugram, Noida, Mumbai and Bengaluru continued to register steady price appreciation during the same period.Read more

15 Jul 2026

Naveen Jindal Group is evaluating locations across at least nine states, including Gujarat, Odisha, Andhra Pradesh, Tamil Nadu, Jharkhand and Chhattisgarh, for the development of nuclear power projects with a planned capacity of 18 GW. The proposed investment, estimated to run into lakhs of crores of rupees, forms part of the group's diversification strategy and is intended to support the Centre's target of achieving 100 GW of nuclear power capacity by 2047. The projects will be undertaken through Jindal Nuclear Power Private Limited, a wholly owned subsidiary of Jindal Renewables. The group is also holding discussions with technology providers and state governments while assessing sites based on land availability, water resources, transmission connectivity, regulatory readiness and long-term project feasibility.Read more

15 Jul 2026

ITC Hotels Ltd has signed a management agreement with Orions Hospitality for the development of Welcomhotel Dehradun Selaqui, a 117-key property in Uttarakhand. The agreement expands the hospitality company's presence in the state as Dehradun continues to witness growth in business travel, tourism and destination events. The project will be managed under the Welcomhotel brand and is intended to cater to the evolving accommodation requirements of corporate and leisure travellers while strengthening ITC Hotels' portfolio in northern India.Read more

15 Jul 2026

Icade has acquired the remaining 49% stake in SAS Tour Eqho, the company that owns the Eqho Tower estate in Paris, from South Korean investors. With this transaction, the French real estate company has taken full ownership of the asset. The company said the acquisition is expected to generate a return of more than 8% and improve its net operating cash flow. The move aligns with Icade’s strategy of strengthening its investment portfolio through selective acquisitions of high-quality commercial assets.Read more

Pune News Desk

15 Jul 2026

• The Maharashtra government has constituted a five-member high-level inquiry committee to investigate the building collapse at the Moshi waste-to-energy plant in Pimpri Chinchwad that claimed nine lives.
• The committee will examine the causes of the collapse, assess possible lapses in planning, construction and safety practices, fix accountability and recommend measures to prevent similar incidents.
• Meanwhile, the Pimpri Chinchwad Municipal Corporation (PCMC) has initiated departmental action, issued notices to the civic environment department and the plant operator, and ordered an internal review.
• Preliminary findings indicate that the collapsed three-storey administrative building had an occupancy certificate only for the ground floor, prompting criminal proceedings and a wider investigation into regulatory compliance.Read more

15 Jul 2026

Kalpataru Ltd has reported a 6% year-on-year increase in sales bookings to INR 1,329 crore for the first quarter of FY27, supported by sustained demand in the residential market. Customer collections rose 17% to INR 1,365 crore during the April–June period, reflecting improved cash inflows. The Mumbai-based developer also highlighted its expanded project portfolio, comprising 83 completed developments and 31 ongoing and forthcoming projects across key cities. In FY26, the company posted significant growth in both revenue and net profit, indicating stronger operational performance.Read more

15 Jul 2026

Cube Highways Trust has secured investment commitments of INR 1,250 crore from strategic investors, including Premji Invest and HDFC Group entities, ahead of its proposed INR 5,000 crore initial public offering (IPO), which will open for subscription on July 22. The issue, comprising an offer for sale (OFS) by existing unitholders, marks the trust's transition from a privately listed to a publicly listed Infrastructure Investment Trust (InvIT). The InvIT owns a portfolio of 27 operational road assets covering 8,754 lane kilometres across 12 states and one Union Territory, with an average residual concession period of 18 years. The trust's assets under management increased to INR 36,842 crore in FY26 following nine acquisitions, reflecting continued expansion of its operational road portfolio.Read more

15 Jul 2026

Deputy Chief Minister Eknath Shinde has informed the Maharashtra Legislative Assembly that all civic amenities promised under the approved plan have been provided at the Pradhan Mantri Awas Yojana (PMAY-Urban) housing colony in Wathoda, Nagpur. Responding to allegations regarding inadequate infrastructure, poor construction quality and rising crime, the government said the project complies with prescribed standards and independent technical inspections have certified its quality. The clarification came after legislators raised concerns over the availability of roads, drainage, water supply and other public services at the affordable housing project.Read more

15 Jul 2026

DLF Chairman and Whole-time Director Rajiv Singh received remuneration of INR 44.06 crore during FY26, marking a 20% increase from the previous financial year, according to the company's latest annual report. The rise comes alongside improved financial performance, with the developer reporting marginal growth in consolidated profit and higher total income. Managing Directors Ashok Kumar Tyagi and Devinder Singh also recorded higher remuneration during the year. In his message to shareholders, Singh highlighted DLF's growth prospects, citing India's macroeconomic resilience, continued infrastructure investment and urbanisation as key drivers for the company's future expansion.Read more

15 Jul 2026

Morrisons is in discussions with multiple parties, including U.S.-based Realty Income, for a real estate financing transaction valued at around USD 803 million. The proposed arrangement is expected to differ from a traditional sale-and-leaseback structure and could instead be backed by a portfolio of the retailer's stores. The move follows the company's earlier efforts to unlock value from its freehold property assets as it continues to streamline operations amid intense competition, changing consumer spending patterns, and rising cost pressures in the UK grocery market.Read more

15 Jul 2026

Faalcon Concepts Ltd has secured a work order worth INR 101.93 crore from Splendor Information Technology Pvt Ltd for façade works at the Splendor ONYX commercial development in Sector 142, Noida. The three-year contract covers the design, fabrication, supply and installation of aluminium glazing façade systems. The order is valued at more than three times the company's standalone FY26 revenue and is expected to strengthen revenue visibility over the execution period. Between January and July 2026, the company has secured cumulative orders worth around INR 125.9 crore, reinforcing its order book in the commercial infrastructure segment.Read more

15 Jul 2026

MMM Capital PCL has entered into a sales management (hybrid) agreement with a guaranteed purchase arrangement for a new real estate project with a total value of THB 1.34 billion. The agreement is aimed at supporting the sales and marketing of the project while providing a guaranteed purchase mechanism. Such hybrid sales management models are commonly used by developers to improve sales visibility and reduce inventory-related risks. The company has not disclosed additional details regarding the project's location, development timeline or other commercial terms.Read more

Mumbai News Desk

15 Jul 2026

The Maharashtra Legislature has passed an amendment to the Maharashtra Housing and Area Development Authority (MHADA) Act to revive the implementation of Section 79A, clearing a major legal hurdle that had stalled the redevelopment of more than 13,000 old and dilapidated cessed buildings in Mumbai. The amendment seeks to restore MHADA's powers to intervene when landlords fail to initiate redevelopment of unsafe structures while enabling occupants to undertake redevelopment with majority consent. The Bill now awaits the Governor's assent and is expected to accelerate long-pending redevelopment projects, improving housing safety for lakhs of residents across Mumbai.Read more

15 Jul 2026

Knowledge Economic City (KEC) has awarded a construction contract worth SAR 117.6 million to Astra Construction Company for the Riyadh Schools Complex. The contract covers architectural works, mechanical, electrical and plumbing (MEP) installations, and external development works for the project. The construction is scheduled to be completed within 10 months. The latest award adds to KEC's ongoing development activities, with the company continuing to roll out contracts across its mixed-use projects in Saudi Arabia as part of its broader development plans.Read more

15 Jul 2026

The Karnataka High Court has upheld the uniform property tax regime for five-star hotels within Bengaluru's erstwhile BBMP limits, ruling that luxury hotels constitute a distinct category eligible for a common tax slab irrespective of location. Dismissing petitions challenging the levy, the court held that the classification does not violate Article 14 of the Constitution. The judgment reinforces the civic authority's taxation framework, providing greater legal certainty for municipal revenue collection and reducing the scope for future disputes.Read more

Pune News Desk

15 Jul 2026

Actor Ranbir Kapoor has acquired a 25.7-acre land parcel in Mulshi near Pune for INR 16.42 crore, marking another addition to his growing real estate portfolio. The transaction, registered on July 10, 2026, attracted stamp duty and registration charges of over INR 1 crore. Located in the rapidly developing Mulshi region, the purchase follows Kapoor's recent investment in Ayodhya, highlighting sustained interest in premium land acquisitions amid rising demand for second homes and long-term real estate investments.Read more

15 Jul 2026

Shapoorji Pallonji (SP) Group has opened subscriptions for its first US dollar-denominated bond issue, seeking to raise USD 650 million as part of a broader INR 25,500 crore fundraising programme aimed primarily at refinancing existing debt. The three-year bond, issued through Mercury Finance, follows multiple delays linked to uncertainty surrounding the group's investment in Tata Sons. Market sources said easing hedging costs after measures introduced by the Reserve Bank of India to encourage foreign currency inflows helped revive the transaction. The fundraising programme also includes a separate zero-coupon bond issuance through another group entity.Read more

15 Jul 2026

A Delhi court has cancelled the bail granted to Rahul Chamola, director of Nivas Promoters Pvt Ltd, in a case involving the alleged cheating of homebuyers in a Greater Noida housing project. The court found that Chamola repeatedly violated bail conditions, ignored judicial directions and failed to cooperate fully with the investigation. The prosecution had sought cancellation of his bail, granted in December 2023, citing persistent non-compliance, including failure to appear before the court, non-payment of costs imposed by the judiciary and repeated breaches of investigation requirements. The court held that his conduct constituted sufficient legal grounds to revoke the concession of bail.Read more

15 Jul 2026

Long before food delivery apps and social media reviews, these cafes and restaurants were serving merchants, soldiers, writers, freedom fighters, and travellers. Spread across India, these colonial-era establishments have survived changing tastes, political upheavals, and decades of urban transformation. Step inside any of them, and you'll find more than just food you'll find a living piece of history.Read more

15 Jul 2026

Guangzhou R&F Properties has reported contracted sales of RMB 2.37 billion for June 2026, according to its latest operational update. During the month, the company recorded contracted gross floor area (GFA) sales of 679,100 square metres. The disclosure forms part of the developer's regular monthly sales reporting, offering an update on its sales performance and transaction volumes. Guangzhou R&F Properties continues to publish monthly operational data as investors monitor demand trends and sales activity in China's residential property market.Read more

Mumbai News Desk

15 Jul 2026

Mumbai University has approved plans to establish 12 new skill-based colleges during the 2027–28 academic year, including five institutions in Mumbai, as part of its five-year perspective plan aimed at aligning higher education with industry requirements under the National Education Policy (NEP) 2020. The proposed colleges will offer vocational and employment-oriented programmes tailored to regional economic needs across Mumbai, Thane, Raigad, Ratnagiri, Sindhudurg and Palghar. The initiative seeks to enhance employability, improve access to higher education and strengthen the university's role in developing a skilled workforce for emerging sectors.Read more

15 Jul 2026

Smartworks Coworking Spaces has expanded its enterprise leasing portfolio by signing a managed office agreement for more than 930 seats in Pune with the Indian subsidiary of a UK-based company. The latest transaction adds to the company's growing list of large corporate mandates as demand for flexible workspaces continues to rise. In recent months, Smartworks has secured several large leasing deals across major cities, reflecting increasing interest from multinational companies seeking managed office solutions in India.Read more

15 Jul 2026

• The Maharashtra government has suspended 15 Revenue Department officials, including deputy collectors and tehsildars, over alleged irregularities in land record modifications.
• The action follows an official inquiry that identified suspected misuse of legal provisions governing corrections to land records.
• Authorities have ordered departmental proceedings and directed a broader review of similar cases across the state to detect potential irregularities.
• The government has also indicated that amendments to the Maharashtra Land Revenue Code will be considered to strengthen safeguards against future misuse.Read more

15 Jul 2026

KRP Development Holdings Ltd has announced that one of its subsidiaries has entered into an agreement to acquire the entire equity interest in Holly Trent Investment Holdings. The transaction, valued at RMB 23.8 million, was signed recently and marks the company's latest corporate acquisition. The deal will result in the subsidiary taking full ownership of Holly Trent Investment Holdings upon completion, subject to the agreed terms and conditions. The company has not disclosed additional financial or operational details of the acquisition.Read more

15 Jul 2026

The Maharashtra government is planning to establish an Urban Challenge Fund to strengthen urban infrastructure and improve governance across cities. The proposed initiative aims to help urban local bodies overcome financial and administrative hurdles by encouraging innovative funding models, including municipal bonds and public-private partnerships. The fund is expected to support projects across 22 focus areas such as digital governance, mobility, redevelopment, water supply and sanitation. Maharashtra is targeting projects worth INR 44,800 crore under the initiative with financial support from the Centre, the state and market-based funding.Read more

15 Jul 2026

• The Enforcement Directorate (ED) has provisionally attached assets worth INR 1,021 crore as part of its money laundering investigation involving the Reliance Anil Ambani Group.
• The attached properties include land parcels, buildings and other immovable assets allegedly linked to entities under investigation.
• The agency's action follows allegations of financial irregularities and diversion of funds connected to loans obtained from financial institutions.
• The provisional attachment has been carried out under the Prevention of Money Laundering Act (PMLA), with the investigation continuing into the alleged transactions and beneficiary entities.Read more

Mumbai News Desk

15 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has set August 31, 2026, as the deadline for completing the Vidyavihar railway flyover, which is expected to improve east-west connectivity in Mumbai's eastern suburbs.
• Around 80% of the project has been completed, with the remaining works including girder installation, deck slab construction, lighting and safety infrastructure.
• The civic body has also directed contractors to accelerate work on the Mankhurd-Maharashtra Nagar flyover, targeting completion by May 2027.
• Both projects are expected to ease traffic congestion, improve connectivity and reduce travel time for daily commuters.Read more

15 Jul 2026

L&T Finance reported a strong performance for the June quarter, with consolidated net profit rising 29 per cent year-on-year to INR 902 crore. The company also recorded growth in its loan book, retail disbursements and net interest margin, while asset quality continued to improve. Gross Stage 3 assets declined and credit costs reduced due to stronger collections and the use of artificial intelligence-led tools. Unsecured personal loan disbursements more than doubled during the quarter, reflecting robust demand across retail lending segments.Read more

15 Jul 2026

• A district court in Maharashtra's Washim has ordered the attachment of an NHAI-operated toll plaza after compensation awarded to landowners in an acquisition case remained unpaid.
• The order follows the National Highways Authority of India's alleged failure to comply with revised compensation directions issued by the competent authority.
• The attachment is intended to facilitate recovery of pending dues owed to affected landowners whose property was acquired for a national highway project.
• The case is being viewed as a significant development in the enforcement of land acquisition compensation orders against public infrastructure agencies.Read more

15 Jul 2026

Institutional investments in India's real estate sector reached a record USD 4.1 billion during the first half of 2026, registering a 58 per cent year-on-year increase, according to Vestian. The growth was supported by stronger participation from both domestic and foreign investors, particularly during the second quarter. Commercial assets continued to attract the largest share of investments due to sustained demand from Global Capability Centres (GCCs), while investors also diversified into other real estate segments. Industry experts believe improving economic conditions and stronger investor confidence are expected to support continued investment activity.Read more

15 Jul 2026

Puravankara Ltd reported a strong operational performance for the first quarter, with pre-sales increasing 28% year-on-year and customer collections rising 40% compared to the same period last year. Alongside its sales performance, the company entered into an agreement with ICICI Prudential Asset Management Company for the sale of a commercial property. The transaction values the asset at an enterprise value of INR 6.26 billion. The company has continued to focus on improving cash flows through higher collections while monetising select commercial assets to strengthen its business.Read more

15 Jul 2026

• The West Bengal government has announced a direct land purchase policy under which it will purchase land directly from willing owners and transfer it to industries, replacing the contentious land acquisition model that triggered disputes in Singur and Nandigram.
• The policy will be accompanied by a single-window clearance mechanism for investment proposals of INR 100 crore and above, aimed at simplifying project approvals and improving the state's ease of doing business.
• The government said the initiative seeks to create a transparent and consent-based framework for industrial land procurement while balancing the interests of landowners and investors.
• Industry associations have welcomed the move, stating that the policy could remove a long-standing hurdle to industrial development and strengthen investor confidence in West Bengal's manufacturing ecosystem.Read more

15 Jul 2026

Uttar Pradesh Chief Minister Yogi Adityanath reviewed the progress of key development projects, law and order arrangements, and preparations for the upcoming Shravan month in Varanasi. He instructed officials to complete ongoing infrastructure works on time while maintaining quality standards. The review covered the ropeway project, Jal Jeevan Mission works, road restoration, traffic management, sanitation, healthcare, security, and civic facilities for devotees. The Chief Minister also stressed better coordination among departments to ensure smooth execution of development works and uninterrupted public services during the religious season.Read more

Mumbai News Desk

15 Jul 2026

• A Maharashtra government-appointed committee has submitted an interim report recommending the removal of eight religious structures and the relocation or consolidation of three others in Dharavi Sector 1 as part of the Dharavi Redevelopment Project.
• The recommendations are based on the Supreme Court's September 29, 2009 cut-off date for unauthorised religious structures on public land, with post-cut-off structures proposed for removal.
• The committee has identified 590 religious structures across the redevelopment area and has begun a phase-wise review, having conducted 149 hearings involving trusts, community representatives and government officials.
• The report marks an important step in resolving land-use issues for the Dharavi Redevelopment Project while attempting to balance legal requirements, redevelopment objectives and religious sensitivities.Read more

15 Jul 2026

• AustralianSuper has committed an additional AUD 500 million to the National Investment and Infrastructure Fund (NIIF), increasing its total investment exposure in India to AUD 3.3 billion.
• The announcement was made during Prime Minister Shri Narendra Modi's visit to Australia and underscores the pension fund's long-term confidence in India's infrastructure and growth prospects.
• The fresh capital will be channelled through NIIF-managed infrastructure investment platforms spanning transport, energy, logistics and urban infrastructure.
• The expanded partnership reflects growing institutional interest in India's infrastructure sector and aligns with NIIF's strategy of attracting global long-term capital.Read more

15 Jul 2026

• Union Road Transport and Highways Minister Nitin Gadkari has said Gujarat's approach to land acquisition could serve as a model for other states undertaking infrastructure projects.
• He credited the state's administrative mechanisms for helping expedite highway development while reducing disputes during land acquisition.
• Gujarat has introduced measures to curb speculative land transactions along proposed highway alignments during the planning stage.
• The minister also reviewed ongoing national highway projects and urged the state to continue accelerating infrastructure development.Read more

15 Jul 2026

HFCL has secured an export order worth approximately USD 51.98 million (INR 495.8 crore) from an international data centre company to supply optical fibre cable-based connectivity solutions. The contract, awarded through the company's overseas wholly owned material subsidiary, is scheduled for execution by December 2026. The order follows HFCL's recent launch of its OptiQ AI data centre solutions portfolio and comes as the company expands its optical fibre manufacturing capacity. HFCL also reported a record order book of INR 13,483 crore for its Optical Fibre Cable (OFC) business during the previous financial year, reflecting growing demand for fibre connectivity infrastructure.Read more

15 Jul 2026

Transparency across the real estate sector is essential to attract long-term investment and support sustainable growth, Uttar Pradesh RERA Chairman Sanjay R. Bhoosreddy said while addressing a real estate conference recently. He highlighted the need to balance the interests of homebuyers and developers, increase the supply of affordable housing, and ensure timely project execution. The conference also saw RERA officials from Delhi, Haryana and Punjab discuss stronger enforcement powers, the use of artificial intelligence for project monitoring, and the importance of protecting homebuyers' interests.Read more

15 Jul 2026

Union Road Transport and Highways Minister Nitin Gadkari has said the government is conducting hydrogen fuel trials on 10 transport routes across India as part of its efforts to promote cleaner mobility. Speaking at the Prawaas 5.0 and Bharat Prawaas Awards in Gandhinagar, he described hydrogen as the future fuel for the transport sector and highlighted ongoing initiatives in alternative fuels, road safety, electric mobility and bus manufacturing. Gadkari also called for higher domestic bus production, lower charging costs for electric vehicles, faster approvals for bus body manufacturers and greater private investment in bus terminals to strengthen India's public transport ecosystem.Read more