28 minutes ago

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

58 minutes ago

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

1 hour ago

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

1 hour ago

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

2 hours ago

• 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

2 hours ago

• 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

3 hours ago

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

3 hours ago

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

4 hours ago

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

4 hours ago

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

5 hours ago

• 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

5 hours ago

• 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

6 hours ago

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

6 hours ago

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

7 hours ago

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

7 hours ago

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

8 hours ago

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

8 hours ago

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

9 hours ago

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

9 hours ago

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

10 hours ago

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

10 hours ago

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

10 hours ago

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

11 hours ago

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

11 hours ago

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

Ludhiana News Desk

11 hours ago

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

12 hours ago

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

12 hours ago

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

13 hours ago

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

13 hours ago

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

14 hours ago

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

14 hours ago

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

15 hours ago

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

15 hours ago

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

16 hours ago

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

16 hours ago

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

17 hours ago

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

Chennai News Desk

17 hours ago

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

18 hours ago

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

18 hours ago

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

19 hours ago

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

19 hours ago

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

Chennai News Desk

20 hours ago

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

20 hours ago

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

21 hours ago

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

21 hours ago

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

22 hours ago

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

07 Jul 2026

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

07 Jul 2026

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

07 Jul 2026

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