8 minutes ago

BRICS trade ministers have agreed to study the creation of an Invoice Discounting Mechanism to improve access to trade finance for micro, small and medium enterprises across member countries. The proposal, included in the Jaipur Consensus, aims to help MSMEs convert confirmed trade receivables into immediate working capital and reduce financing constraints. The ministers also backed greater use of digital trade documentation, including e-invoices and electronic bills of lading, to strengthen integration with global value chains. The move comes amid a global MSME finance gap estimated at USD 5.7 trillion, rising to USD 8 trillion when informal enterprises are included.Read more

38 minutes ago

Arvind SmartSpaces Ltd reported an eight-fold rise in consolidated net profit to INR 97.39 crore for the quarter ended June, supported by a sharp increase in total income. The Ahmedabad-based Lalbhai Group’s real estate arm had posted a net profit of INR 11.96 crore in the corresponding quarter of the previous financial year. Total income increased to INR 322.02 crore in the first quarter of FY27 from INR 106.39 crore a year earlier, according to a regulatory filing. The company also recorded a more than two-fold increase in sales bookings, with pre-sales reaching INR 432 crore during April-June, compared with INR 175 crore in the corresponding period of FY26. Arvind SmartSpaces has projects across Ahmedabad, Gandhinagar, Baroda, Bengaluru, the Mumbai Metropolitan Region and Pune.Read more

1 hour ago

Dream Finders Homes has agreed to acquire US homebuilder Beazer Homes in an all-cash transaction valued at approximately USD 2.2 billion, including debt. Under the agreement, Beazer shareholders will receive USD 33.50 per share, placing the company’s equity value at about USD 916 million. The transaction is expected to create the sixth-largest homebuilder in the US and is scheduled to close in the fourth quarter of 2026, subject to customary conditions. The deal follows months of negotiations between the two companies. Dream Finders had offered approximately USD 704 million, or USD 25.75 per share, in May, but Beazer’s board rejected the proposal as significantly undervaluing the company. Beazer operates across 15 markets in 13 states, selling homes across multiple price segments and providing related financing services. Its shares have risen nearly 80% since the initial offer was disclosed.Read more

1 hour ago

Asia Pacific’s real estate investment market recorded USD 105 billion in transactions during the first half of 2026, marking its strongest first-half performance since 2022, according to Colliers. Office assets accounted for USD 40.2 billion of regional investment, followed by retail at USD 26.7 billion and industrial assets at USD 22.8 billion. Data centres attracted a further USD 6.7 billion as institutional interest in the sector increased. Capital remained concentrated in liquid markets, with China and Japan each attracting more than USD 25 billion, while Australia and Singapore recorded USD 15.8 billion and USD 14.1 billion, respectively. In India, domestic investors accounted for around 57% of investment after capital deployment increased 80% year-on-year, while foreign inflows rose 24% and represented about 43% of total investment.Read more

1 hour ago

Dubai’s residential property market continues to record strong transaction activity, but buyers are becoming more deliberate in evaluating developments, according to Satish Sanpal, founder and chairperson of ANAX Holding. The shift follows a period of rapid market growth, with Dubai recording more than AED 917 billion in real estate transactions during 2025, its highest annual total, while first-quarter 2026 transaction value reached AED 252 billion, a 31% year-on-year increase. Sanpal said buyers were taking longer to commit and paying greater attention to pricing, construction quality and developer credibility. The changing buyer approach is also increasing the importance of fundamentals such as location, layouts, amenities and long-term property appeal. ANAX’s portfolio includes V-Suites in Business Bay, Evora Residences in Al Furjan and ELLE Residences on Dubai Islands.Read more

2 hours ago

The Comptroller and Auditor General has flagged the prolonged underutilisation of 81.42 acres of land in Baprola, southwest Delhi, by the Delhi State Industrial and Infrastructure Development Corporation. The land was acquired in 2006 for developing a Gems and Jewellery Park and a Fashion Design Hub, but repeated changes in the proposed use left nearly 59 per cent of the allotted area unused for more than 17 years. The audit also highlighted unfruitful expenditure of INR 29.45 crore and an outstanding ground rent liability of INR 15.79 crore.Read more

2 hours ago

DLF Ltd has sold a penthouse for INR 271 crore at its upcoming super-luxury residential project The Dahlias in DLF Phase 5, Gurugram, according to sources. The 17-acre project, launched in October 2024, comprises 420 apartments and penthouses. Sources said entrepreneur Manav Sardana, who was associated with Imperial Auto, has purchased the penthouse. The transaction is among the costliest residential deals in terms of per-square-foot value, reflecting strong demand for ultra-luxury homes in Gurugram.Read more

2 hours ago

The Enforcement Directorate has filed chargesheets in two separate money-laundering cases involving companies and former executives of the Reliance Anil Ambani Group. One prosecution complaint concerns Reliance Infrastructure and allegations of fund diversion linked to four NHAI-awarded toll-road projects. The second is a supplementary chargesheet in the Reliance Communications case involving alleged diversion and layering of credit facilities. The agency has alleged that funds were routed through shell entities and group companies for purposes unrelated to their sanctioned use. Assets worth INR 8,078 crore have been attached in the RCOM case.Read more

3 hours ago

The Indonesian government will acquire the majority stake held by state-owned construction company PT Wijaya Karya (PT Wika) in the operator of the Jakarta–Bandung high-speed railway, as part of efforts to address the company's mounting financial liabilities without placing additional pressure on the national budget. The transaction will increase the government's ownership in PT Kereta Cepat Indonesia China (KCIC), which operates the country's first high-speed rail service, Whoosh. Officials said the move is intended to strengthen financial oversight of the project, which has faced cost overruns, land acquisition challenges, pandemic-related delays and ballooning debt since construction began. The railway was jointly developed by Indonesian and Chinese partners under China's Belt and Road Initiative.Read more

3 hours ago

A bridge in Maharashtra’s Gadchiroli district, inaugurated only three years ago, has collapsed, disrupting connectivity to several villages in the region. The incident has raised concerns over the durability of infrastructure in an area where bridges and roads are critical for maintaining access during the monsoon. The structure had been developed to improve connectivity between settlements in Gadchiroli and provide a more reliable route across the region. Its failure has once again brought attention to the vulnerability of transport links in remote areas during periods of heavy rainfall and flooding.Read more

3 hours ago

The Jaipur Development Authority (JDA) has temporarily suspended its enforcement drive against commercial establishments operating without the required permissions in areas under its jurisdiction. The pause will remain in place for 15 days, giving affected property owners and operators an opportunity to address compliance-related issues. The move follows concerns surrounding action against establishments functioning in violation of approved land-use or development norms. The authority is expected to review the situation during the temporary period before deciding on the next course of action against properties found operating without the necessary approvals.Read more

4 hours ago

JLL Business Services has opened a Global Capability Centre (GCC) in Hyderabad, strengthening its operations in India and adding to the city’s growing base of global capability centres. Telangana IT and Industries Minister D Sridhar Babu inaugurated the facility, which spans 1,20,000 square feet across two floors at Prestige Sky Tech in the Financial District. The centre is JLL Business Services’ second hub in India after Gurugram and is expected to create more than 1,600 high-skilled jobs over the next two years. The facility will support JLL’s global operations through standardised processes and technology-enabled workflows.Read more

4 hours ago

The Appellate Tribunal under SAFEMA has disposed of appeals filed by actor K. Ramcharan Tej and former cricketer V. Chamundeshwarnath, along with two other purchasers, over villa plots in Hyderabad’s Boulder Hills that were attached in a money-laundering investigation. The tribunal found that the purchasers had paid substantial portions of the agreed consideration, but no sale deeds had been executed. However, it declined to conclusively determine whether they were bona fide purchasers or connected to the alleged wrongdoing. Their claims can now be examined by the PMLA trial court.Read more

4 hours ago

The West Bengal government has released the second instalment of financial assistance to more than 10.20 lakh beneficiaries under its renamed rural housing scheme, Paschim Banga Awas. Around INR 6,122 crore has been transferred directly into beneficiaries' bank accounts through the Direct Benefit Transfer (DBT) mechanism to support house construction. The scheme, previously known as Banglar Bari, has been renamed following a fresh verification of beneficiaries. Each eligible family will receive a total financial assistance of INR 1.20 lakh, with the current instalment released only to those who have completed construction up to the lintel level. The state government has said the remaining eligible beneficiaries will receive assistance after completing the required construction stage and undergoing field verification.Read more

5 hours ago

Home sales across the Greater Toronto Area (GTA) continued to recover, rising for the fifth consecutive month in July, according to the Toronto Regional Real Estate Board (TRREB). Seasonally adjusted sales increased 3.2% over the previous month, reaching their highest level since September 2025. Home prices also recorded a second straight monthly increase, reflecting improving buyer confidence amid encouraging economic indicators. However, annual comparisons remained weak, with home sales, prices and new listings all declining from a year earlier, indicating that the market is still adjusting despite recent signs of recovery.Read more

Patna News Desk

5 hours ago

Patna Police have arrested builder Bhushan Singh in connection with five alleged cheating cases involving property transactions worth more than INR 5 crore. Singh, associated with Green Housing Society, is accused of accepting payments from multiple people after promising to provide land but allegedly failing to complete the transactions or return the money. The cases were registered at Shri Krishnapuri police station following separate complaints. Police said Singh had been asked several times to join the investigation but did not cooperate, leading investigators to obtain an arrest warrant from the court.Read more

5 hours ago

Allcargo Logistics reported a consolidated net profit of INR 14 crore for the first quarter of FY27, compared with a net loss in the corresponding period last year. The logistics company recorded the turnaround on the back of improved operational performance across its businesses, although revenue from operations declined year-on-year. During the quarter, the company also announced a leadership change with Dinesh Kumar Lal assuming the role of Chairman. The results reflect continued efforts to strengthen profitability while navigating changing market conditions in the logistics sector.Read more

Mumbai News Desk

6 hours ago

The Brihanmumbai Municipal Corporation (BMC) is planning a facelift for Mumbai’s historic Dadar Kabutarkhana, nearly a year after the pigeon-feeding site was closed following restrictions on feeding pigeons in public spaces. The civic body proposes replacing the existing tarpaulin covering with transparent acrylic sheets, landscaping the surrounding traffic island, adding greenery and repairing adjoining pavement. The 1933-built Grade II heritage structure will retain its existing physical form, while the makeover is aimed at restoring its appearance and improving the surrounding public space.Read more

6 hours ago

The Maharashtra Housing and Area Development Authority (MHADA) has announced the results of its latest housing lottery, with 2,640 applicants securing affordable homes across Mumbai. The draw covers residential units under various income categories, offering homeownership opportunities in different parts of the city. The lottery is part of MHADA's ongoing efforts to expand access to affordable housing amid rising property prices in Mumbai. Successful applicants will now proceed with document verification and other formalities before taking possession of their allotted homes.Read more

Mumbai News Desk

6 hours ago

The Brihanmumbai Municipal Corporation (BMC) has directed housing societies across Mumbai to remove unauthorised ramps and other encroachments built over public footpaths within one month. The initiative forms part of the civic body's 'Pedestrian First' campaign, which aims to restore footpaths for safe and uninterrupted pedestrian movement. Officials have warned that failure to comply within the stipulated deadline will invite enforcement action, with the BMC undertaking demolition of illegal structures and recovering the associated costs from the concerned societies.Read more

7 hours ago

Across India, some of the country’s most famous streets carry names that reflect far more than geography. Many were originally named during the colonial era and were later renamed after kings, freedom fighters and political leaders who shaped India’s identity. From New Delhi’s Kartavya Path to Chennai’s Anna Salai and Mumbai’s Chhatrapati Shivaji Maharaj Marg, these roads commemorate struggles for independence, regional pride, national integration and democratic values. Their names preserve important chapters of Indian history while reminding citizens how public spaces can become lasting symbols of a nation’s cultural and political transformation.Read more

7 hours ago

Hungarian real estate investment company Appeninn is evaluating a potential listing on the Warsaw Stock Exchange following its recent acquisition of 11 retail properties in Poland worth more than EUR 100 million (USD 115 million), according to a Reuters report. The transaction strengthens the company's presence in Poland and aligns with its strategy of expanding income-generating real estate assets across Central and Eastern Europe. The acquisition also increases the value of Appeninn's Polish portfolio to more than EUR 170 million, making it one of the largest retail property transactions announced in Poland this year.Read more

7 hours ago

The West Bengal government has expedited land acquisition for the Chalsa–Naxalbari railway line, a strategically important project located near the India-China-Bhutan tri-junction. Authorities have approved the transfer of around 380 hectares of land to facilitate construction of the corridor, which is expected to strengthen rail connectivity in North Bengal. Besides improving regional transportation, the project is considered significant for enhancing logistics and strategic mobility in the sensitive Doklam region, close to India's northern borders.Read more

8 hours ago

Mindspace Business Parks REIT reported a strong operational performance for the first quarter of FY2026-27, with its net operating income (NOI) rising 28 per cent year-on-year to INR 788 crore. The company also announced a distribution of INR 442 crore to unitholders and leased 0.9 million square feet of office space during the quarter. The performance was supported by healthy leasing activity, strong demand across its business parks and a largely pre-committed under-construction portfolio. The REIT also expanded its integrated campus ecosystem by launching two new office projects and two hotel developments.Read more

8 hours ago

ITC Hotels plans to expand its operating portfolio to 250 properties with more than 22,000 keys over the next five years, supported by a pipeline of 78 hotels with over 8,000 keys. The company is following an asset-right strategy that combines investments in owned properties with management contracts and acquisitions. New developments are planned in Puri, Visakhapatnam and Delhi, while the Bhubaneswar hotel is being expanded. ITC Hotels is also adding properties across Kerala, Ahmedabad, Ayodhya, Bodh Gaya, Gandhinagar, Guwahati, Jaipur, Rajgir, Shahjahanpur and Shirdi as it widens its presence across business, leisure and pilgrimage markets.Read more

9 hours ago

Beijing has deployed 72 robotic employees across its municipal parks this summer to undertake tasks such as cleaning, patrolling, visitor assistance, pest detection and promoting compliance with park regulations. According to state-run Beijing Daily, the robots are helping park authorities improve operational efficiency by supporting routine maintenance and visitor management across public green spaces.The deployment is part of China's broader push to integrate robotics into public services under its national "Robot Plus" strategy. The initiative reflects the country's efforts to address an ageing population, labour shortages and growing demand for AI-driven automation in urban management.Read more

9 hours ago

Signature Global reported a consolidated net loss of INR 16.52 crore for the first quarter of the current financial year, compared to a net profit of INR 34.43 crore in the corresponding period last year. The decline came as the company's total income dropped to INR 611.72 crore from INR 898.35 crore a year earlier. The Gurugram-based developer has been actively expanding its residential portfolio in recent years and remains one of the country's leading listed real estate companies despite the weaker quarterly financial performance.Read more

Mumbai News Desk

10 hours ago

Demolition of structures in Dharavi's Meghwadi area triggered protests after civic authorities began clearing houses as part of the Dharavi Redevelopment Project. Residents and local groups alleged that some families were evicted despite concerns over rehabilitation eligibility and relocation, leading to tensions at the site. During the unrest, a project office linked to the redevelopment initiative was stormed and damaged by protestors. Authorities deployed police to restore order and continued the demolition drive, while officials maintained that the exercise was being carried out in accordance with the approved redevelopment plan.Read more

10 hours ago

Afcons Infrastructure has secured the Letter of Acceptance from the Brihanmumbai Municipal Corporation for the design and construction of a desalinated water conveyance tunnel connecting the proposed pumping station at Manori to Charkop and Mahavir Nagar in Kandivali. Valued at INR 1,918 crore, including GST and operations and maintenance, the project is aimed at strengthening Mumbai's long-term water supply network. The company said the project adds to its portfolio of major water infrastructure works, including ongoing tunnel and water supply projects for BMC, CIDCO and other government agencies in India and overseas.Read more

11 hours ago

Realty major DLF Ltd has set a target of achieving INR1 lakh crore in housing sales over the next four to five years, averaging around INR 20,000 crore annually, as it continues to expand its premium residential portfolio.The company said it will maintain its strategic focus on the luxury housing segment, where demand has remained strong across key markets.Despite owning around 50 million sq ft of commercial office and retail assets, DLF has no immediate plans to monetise the portfolio through a Real Estate Investment Trust (REIT).The company believes its existing business strategy and recurring rental income from commercial assets provide sufficient long-term value without the need for a REIT listing at present.Read more

11 hours ago

The Pune Municipal Corporation (PMC) has urged prospective homebuyers to verify all statutory approvals before purchasing properties in the city's newly merged villages, warning against illegal constructions lacking development permissions. The advisory comes amid a rise in unauthorised residential projects in the 23 villages merged into PMC limits, where several buildings have been constructed without mandatory civic approvals.PMC said buyers who purchase such properties may face legal, financial and civic service-related challenges, as unauthorised structures are not eligible for regular municipal permissions or essential services.The civic body has intensified enforcement against illegal developments and advised citizens to verify sanctioned building plans and approvals with the municipal authorities before completing any transaction.Read more

12 hours ago

The SVAMITVA Scheme has facilitated the disbursement of 11,147 loans worth INR 1,713 crore against rural property cards issued under the programme, according to the Ministry of Panchayati Raj.The scheme uses drone surveys and Continuously Operating Reference Stations (CORS) technology to map rural inhabited (abadi) areas, create accurate property records and reduce land-related disputes.As of now, drone surveys have been completed in 3.30 lakh villages, with the generated geospatial data being integrated into the Gram Manchitra platform for village-level planning and governance.The update was shared by Union Minister Rajiv Ranjan Singh (Lalan Singh) in a written reply in the Rajya Sabha on August 5, 2026.Read more

12 hours ago

The Union Cabinet has approved the development of the 135.871-km, four-lane access-controlled Guwahati–Tezpur Corridor on National Highway-15 in Assam at an estimated cost of INR 8,970.20 crore. The project will be executed under the build-operate-transfer (BOT) toll model and includes major road infrastructure such as bypasses, bridges, flyovers and an emergency landing facility. Once completed, the corridor is expected to reduce travel time, improve road safety, strengthen connectivity to industrial, tourism and logistics hubs, and support economic growth across Assam and neighbouring Arunachal Pradesh.Read more

13 hours ago

The Bhubaneswar Municipal Corporation (BMC) has issued notices to 4,632 residential property owners found to be using their premises for commercial purposes without the required approvals. The action is part of a wider enforcement drive against unauthorised constructions and land-use violations, following directions from the Supreme Court and the Odisha government's Housing and Urban Development Department. Property owners have been asked to submit valid approvals within a month, failing which the civic body may initiate legal action, including sealing of premises.Read more

13 hours ago

Brigade Hotel Ventures Ltd reported a 140 per cent year-on-year increase in its consolidated profit after tax for the first quarter of FY27, supported by steady operational performance across its hospitality portfolio. Revenue also recorded a modest increase during the quarter, while Bengaluru remained the company's strongest-performing market with higher Revenue Per Available Room (RevPAR), average room rates and healthy occupancy levels. The company also continued to expand its hospitality portfolio through property rebranding and upcoming hotel launches, while maintaining its focus on doubling its room inventory across luxury, leisure and business segments.Read more

14 hours ago

The Gujarat government has proposed amendments to its planning regulations that would prohibit paying guest (PG) facilities in newly developed apartment schemes and commercial buildings. Under the draft rules, future PG accommodations would be permitted only as standalone developments under a separate planning category. The proposed changes also introduce dedicated regulations for preschools. The state has invited public objections and suggestions before finalising the amendments, which are aimed at bringing greater clarity to urban planning norms and reducing disputes over land use and approvals.Read more

14 hours ago

British homebuilder Persimmon has raised its expected home completions for 2026 to the upper end of its earlier guidance after reporting higher deliveries and improved first-half earnings. Despite the stronger operational performance, the company cautioned that rising construction costs, driven by inflation and higher energy prices linked to the Middle East conflict, could affect profit margins in 2027. While Persimmon has identified cost-saving measures to offset part of the impact, it also reported softer buyer enquiries in July, reflecting continued pressure on the UK housing market amid elevated mortgage rates.Read more

15 hours ago

The National Highways Authority of India (NHAI) has taken disciplinary action after a 300-metre pavement slippage was detected on the Kanpur–Lucknow Expressway on 26 July 2026. The authority has proposed declaring PNC Infratech Ltd. a non-performer, suspended toll collection and directed the concessionaire to repair the damaged stretch at its own cost, estimated at 3 crore. Several project officials have been removed and debarred, while an expert team led by Professor K.S. Reddy of IIT Kharagpur will investigate the incident using advanced pavement assessment technologies.Read more

15 hours ago

The Reserve Bank of India (RBI) has said it does not see any major concern regarding allegations of banks resorting to window dressing to improve their financial numbers before quarterly reporting. RBI Governor Sanjay Malhotra stated that such practices do not change a bank's actual financial position and offer no real advantage, as investors and customers are aware of the underlying fundamentals. The central bank said its supervisory framework continuously monitors regulated entities, while Deputy Governor Swaminathan J reiterated that India's banking system remains resilient and any instances of non-compliance are addressed through established supervisory processes.Read more

16 hours ago

EIH Ltd, which operates the Oberoi and Trident hotel brands, has entered into a long-term partnership with Bhartiya Group to develop a portfolio of 20 ultra-luxury lifestyle resorts across India and select international destinations. The collaboration aims to cater to the growing demand for wellness-focused luxury travel by combining Bhartiya Group's expertise in integrated lifestyle developments with The Oberoi Group's hospitality standards. The first three resorts are planned in Coorg, Kabini and Hampi, with operations expected to begin by 2030, while the broader expansion will take place under EIH's management.Read more

16 hours ago

The Lok Sabha has passed the Taxation and Other Laws (Amendment) Bill, 2026, which introduces a series of tax and regulatory changes aimed at strengthening domestic manufacturing, attracting foreign investment and simplifying business operations. The Bill provides legal backing for changes to the zero-MDR framework for UPI and RuPay transactions, extends tax benefits for electronics manufacturing, eases tax rules for foreign fund managers and protects tax-free dividends for REIT and InvIT investors. It also introduces measures to boost India's data centre ecosystem and expand the country's role in the global diamond trade.Read more

17 hours ago

Indian Bank has set a long-term goal of expanding its total business to INR 35 lakh crore by 2032 as part of its roadmap towards its 125th foundation year. The public sector lender recently crossed the INR 15 lakh crore business mark, supported by steady growth in deposits and advances. The bank has also reported improved financial performance for the June quarter, with higher net profit, stronger interest income and lower bad loans. Alongside its expansion plans, Indian Bank aims to strengthen its presence as a global bank while continuing to support government-led financial inclusion programmes.Read more

17 hours ago

Southern Railway has invited bids for surveys, detailed designs and preparation of tender documents for the proposed Madurai–Thoothukudi broad gauge railway line, reviving progress on the long-pending project. The consultancy contract, valued at around INR 2.51 crore, covers pre-construction activities for a key section of the route and is to be completed within four months. The rail line, whose estimated cost has increased to around INR 2,600 crore from its original sanctioned value, is expected to improve connectivity between Madurai and the port city of Thoothukudi while supporting passenger and freight movement.Read more

18 hours ago

Several older cooperative housing societies in Chandigarh have sought relief from the Municipal Corporation's mandate requiring residential complexes with more than 50 dwelling units to process wet waste within their premises. The societies have argued that ageing infrastructure, space constraints and the high cost of setting up composting facilities make compliance difficult. They have urged the civic body to consider exemptions or provide alternative arrangements. The Municipal Corporation has acknowledged the concerns and is examining possible solutions while continuing to focus on improving solid waste management across the city.Read more

18 hours ago

J Kumar Infraprojects reported a nearly 6% year-on-year decline in consolidated net profit for the first quarter of FY27, with profit after tax standing at around INR 97 crore. Despite the drop in profitability, the infrastructure company recorded higher revenue from operations, reflecting continued execution of projects across its portfolio. The company remains focused on delivering ongoing infrastructure works in sectors such as metro rail, roads, bridges and civil construction. Its financial performance highlights the impact of higher costs even as project execution and order activity continue.Read more

19 hours ago

PNB Housing Finance expects its newly launched micro-housing loan business to build an asset under management of around INR 100 crore by the end of the current financial year as the company expands its presence in the affordable housing segment. The product has already been introduced, with the policy framework and employee training now in place to support wider disbursements. The company plans to maintain its existing underwriting standards despite targeting lower-income borrowers. It also expects leverage to rise gradually as previously raised capital is deployed for organic growth, while construction finance will remain a limited part of its overall portfolio.Read more

09 Aug 2026

The Union Cabinet has approved the INR 23,731 crore GOBARdhan scheme to expand compressed biogas (CBG) production by using agricultural and municipal waste as feedstock. The initiative aims to increase domestic CBG production nearly ten-fold, reduce dependence on imported fossil fuels and create opportunities for farmers, cooperatives, MSMEs, women entrepreneurs and rural businesses. The Cabinet has also cleared a 135.871-km, four-lane access-controlled Guwahati-Tezpur corridor on NH-15 in Assam at a cost of INR 8,970.20 crore. The highway is expected to improve connectivity, road safety and movement between Assam and Arunachal Pradesh.Read more

09 Aug 2026

Realty Income has raised its 2026 adjusted funds from operations (FFO) forecast after improving its expectations for same-store rental growth across its property portfolio. The REIT also increased its full-year investment target, reflecting continued confidence in expansion opportunities. Alongside its traditional retail-focused assets, the company is increasing its exposure to data centres through a major joint venture announced in the past month. Realty Income's quarterly adjusted FFO met market expectations, while its diversified tenant base and long-term lease strategy continued to support stable operational performance.Read more

09 Aug 2026

India's installed non-fossil fuel-based electricity generation capacity has surpassed 300 GW, with the country remaining on course to achieve its target of 500 GW by 2030, Union New and Renewable Energy Minister Pralhad Joshi said. Speaking at the 7th CII International Energy Conference & Exhibition in New Delhi, the minister stated that 30.58 GW of non-fossil fuel capacity was added during the first six months of the year, marking a 25% increase over the corresponding period last year. He also highlighted progress under the PM Surya Ghar Muft Bijli Yojana, noting that more than 50 lakh households have joined the scheme, while rooftop solar capacity has reached 14 GW.Read more

09 Aug 2026

BSE-listed Grovy India Ltd has raised approximately INR 15.01 crore through a preferential issue of equity shares to support its expansion in South Delhi's residential real estate market. The company allotted over 41.69 lakh equity shares, increasing its paid-up share capital to INR 17.51 crore. Grovy said the funds will support business growth and project execution, with plans to raise a total of INR 40 crore by the end of FY27. The developer is currently executing residential projects covering around 1.83 lakh sq ft in South Delhi and recently added new projects spanning about 50,000 sq ft.Read more