Chennai News Desk

26 minutes 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

56 minutes 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

1 hour 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

1 hour 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

2 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

Mumbai News Desk

07 Jul 2026

• Eleven people were injured after a fire broke out in the meter room of a residential building in Mumbai's Jogeshwari area.
• Thick smoke spread rapidly through the six-storey structure, prompting a rescue operation by the Mumbai Fire Brigade.
• Most of the injured suffered from smoke inhalation and were shifted to nearby hospitals for treatment.
• Authorities have launched an investigation into the cause of the fire while highlighting the risks posed by electrical installations in residential buildings.Read more

07 Jul 2026

Prestige Estates Projects Ltd has acquired a 50% stake in Advent Convention and Hotels International Ltd (ACHIL) for up to INR 504 crore as part of its expansion strategy in the commercial real estate segment. The investment will support the joint development of a commercial project in Andheri East, Mumbai, spanning 21,978.22 square metres. The proposed development will offer approximately 1.50 million sq ft of leasable space and has an estimated gross development value (GDV) of INR 4,500 crore. The transaction was disclosed in a regulatory filing made in the past week. The acquisition comes after Prestige Estates reported a sharp increase in its annual profit and income, reflecting continued growth across its residential, commercial and hospitality businesses.Read more

07 Jul 2026

Swedish real estate company Trianon has signed a five-year lease agreement with home and kitchen retailer Cervera for a 400-square metre store at Burlov Center, located north of Malmö. The new outlet is expected to open later this year, taking the shopping centre's occupancy level to 94%. The agreement marks another step in Trianon's ongoing repositioning of Burlov Center, which has witnessed several new leasing deals and retail additions in recent years as part of a wider mixed-use redevelopment plan.Read more

07 Jul 2026

Shapoorji Pallonji Real Estate (SPRE) has launched Vyomora, a 25-acre residential development in Hinjawadi, Pune, marking its third housing project in the micro-market. The first phase comprises 720 apartments across five residential towers, offering two, three and three-bedroom duplex homes with prices starting from INR 84.99 lakh (all-inclusive). Located in Pune's IT corridor, the project is positioned close to major technology campuses and is expected to benefit from existing and planned transport infrastructure, including Metro Line 3 and the proposed Ring Road. The development forms part of SPRE's continued expansion in western Pune, where it is focusing on integrated residential communities.Read more

07 Jul 2026

Cube Highways Trust is preparing to launch an initial public offering (IPO) worth around INR 5,000 crore later this month, according to people familiar with the matter. The proposed issue will comprise entirely an offer-for-sale (OFS), aimed at broadening the InvIT's investor base and improving trading liquidity. As of March 31, 2026, the infrastructure investment trust owned 27 operational highway assets covering 8,754 lane kilometres across 12 states and one Union Territory. During FY26, the trust completed nine acquisitions, increased its assets under management to INR 36,842 crore, declared distributions of INR 1,851 crore and signed commitment letters for four additional highway projects.Read more

07 Jul 2026

Traffic on the Mumbai-bound carriageway of the Mumbai–Pune Expressway's Missing Link bypass resumed late on Monday after remaining closed for more than 18 hours due to a landslide triggered by heavy rainfall. The Maharashtra State Road Development Corporation (MSRDC) reopened two lanes following detailed safety inspections near Tunnel 2, while one lane remained closed because of continued water flow from the hillside above. The landslide damaged a protective drainage structure but did not affect the structural integrity of the tunnel. During the closure, traffic was diverted through the Lonavala ghat section, contributing to severe congestion on the expressway. Authorities restored movement only after debris removal and engineering assessments confirmed the route was safe.Read more

07 Jul 2026

The Andhra Pradesh government has built an investment pipeline of more than 275 industrial projects across the Rayalaseema region, with proposed investments exceeding INR 4.58 lakh crore and the potential to generate over 3.57 lakh employment opportunities, according to government sources. The pipeline includes 172 projects approved by the State Investment Promotion Board (SIPB) and 103 investment proposals signed during the CII Partnership Summit. The investments span sectors including steel, electronics, semiconductors, renewable energy, defence, aerospace, automotive, footwear and food processing, with districts across Rayalaseema being developed as specialised manufacturing clusters supported by industrial infrastructure, logistics, connectivity and workforce development initiatives.Read more

07 Jul 2026

Arbor Realty Trust has priced an upsized private offering of USD 325 million in 6.25% convertible senior notes due 2029, increasing the size of the issue from the initially proposed USD 300 million. The offering is part of the company's capital management strategy and is expected to strengthen its financial position. The proceeds are expected to support the redemption of existing debt, share repurchases and general corporate purposes. The transaction also includes an option for initial purchasers to buy additional notes, subject to the terms of the offering.Read more

07 Jul 2026

The Enforcement Directorate (ED) has provisionally attached assets worth INR 58.34 crore belonging to Ritu Singal, wife of former Bhushan Steel promoter Neeraj Singal, in connection with a money laundering investigation linked to alleged diversion of company funds. The attached assets include land and part of a residential property in Indore, Madhya Pradesh, along with equity shares and bank balances. The action forms part of an ongoing investigation initiated on the basis of a complaint filed by the Serious Fraud Investigation Office (SFIO). The agency has alleged that funds were diverted from Bhushan Steel through fraudulent transactions, causing substantial losses to financial institutions.Read more

Abhay Rao

07 Jul 2026

As artificial intelligence, social media algorithms and digital platforms increasingly shape public discourse, distinguishing truth from persuasion has become more difficult than ever. This opinion piece examines how confirmation bias, targeted content and declining trust in institutions are influencing the way people consume information. While technology itself is not inherently harmful, the essay argues that human values, critical thinking and responsible journalism remain essential in navigating an era of competing narratives. It concludes that discernment is a continuous practice, beginning with the willingness to question, reflect and seek a broader understanding of the truth.Read more

07 Jul 2026

Prestige Estates Projects Ltd plans to invest between INR 14,000 crore and INR 15,000 crore in construction activities during FY27, with expenditure directed towards residential and commercial developments across South India, the Mumbai Metropolitan Region and Delhi-NCR. The Bengaluru-based developer intends to allocate the majority of the capital towards housing projects, while continuing work on office and retail developments. The planned investment follows a record FY26 in which the company achieved sales bookings of INR 30,024 crore. Prestige is also targeting annual pre-sales of up to INR 36,000 crore this financial year, supported by a project launch pipeline valued at around INR 58,000 crore, subject to regulatory approvals.Read more

07 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 10 new real estate projects across Lucknow, Gautam Buddha Nagar, Agra and Ghaziabad, involving an estimated investment of INR 1,278 crore. The developments comprise residential, commercial and mixed-use projects that will collectively create around 4,498 residential and commercial units. Lucknow accounted for the highest number of approved projects, while Gautam Buddha Nagar attracted the largest investment value. UP RERA said the approvals are expected to support planned urban development, meet rising demand for housing and commercial infrastructure, generate employment during construction, and stimulate allied sectors. The authority also reiterated its commitment to ensuring regulatory compliance and timely project completion under the Real Estate (Regulation and Development) Act.Read more

07 Jul 2026

A defence manufacturing unit with a proposed investment of INR 3,000 crore is set to be developed in Shivpuri, Madhya Pradesh, with the groundbreaking ceremony scheduled to take place in the past week. The project, being established through the Adani Group, will be linked to the Uttar Pradesh Defence Industrial Corridor, according to Union Minister Jyotiraditya Scindia. The development is expected to strengthen industrial activity in the region while supporting India's defence manufacturing capabilities. Madhya Pradesh Chief Minister Shri Mohan Yadav and Karan Adani are expected to attend the foundation ceremony, which marks a significant investment in the state's emerging defence manufacturing ecosystem.Read more

07 Jul 2026

ITC Properties Group has announced that its wholly owned subsidiary will acquire sale shares and a related sale loan from Profit Tycoon for a total consideration of HKD 336.68 million. The transaction involves the purchase of 20 issued shares in PYI Investment, representing a 20% stake in the company. The acquisition is part of ITC Properties' strategy to strengthen its presence in mainland China's property and infrastructure sector through PYI Investment's land holdings and development projects. The deal will also establish a shareholder arrangement between the two parties.Read more

07 Jul 2026

Dharampal Satyapal (DS) Group has partnered with Marriott International to develop a 200-room luxury hotel under the W Hotels brand near Indira Gandhi International Airport in Delhi. The project, with an estimated investment of INR 400 crore, is scheduled to open in the second half of 2027 and will mark the debut of the W Hotels brand in Delhi-NCR. Located close to Aerocity, the development is aimed at serving business and leisure travellers. The project forms part of DS Group's broader hospitality expansion strategy, under which it plans to double its room inventory by 2029 and invest around INR 1,000 crore across new hospitality developments.Read more

07 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) collected a record INR 434.02 crore in property tax during the first quarter of FY2026–27, marking a significant increase from INR 372.42 crore collected during the corresponding period last year. The collection, recorded between April 1 and June 30, was driven by technology-enabled administration, expanded digital payment options and targeted recovery from long-standing defaulters. A total of 1,43,329 property owners paid their dues, with digital payments accounting for more than 72% of the total collections. Industrial properties contributed the highest share of revenue, while Ghansoli emerged as the top-performing administrative division in terms of tax collections.Read more

07 Jul 2026

Oberoi Realty Ltd has reported gross bookings of approximately INR 8,109 crore in the first phase of its debut residential project in the Delhi-NCR market, reflecting strong demand for luxury housing in Gurugram. The bookings were achieved at the company's newly launched Three Sixty North development on Golf Course Extension Road, where 13.52 lakh sq ft of RERA carpet area has been sold. The 14.8-acre project has an estimated development cost of INR 6,000 crore and a projected revenue potential of INR 16,000 crore across two phases. The first phase comprises 832 apartments across six residential towers, with prices starting from INR 18 crore per unit.Read more

07 Jul 2026

Swedish commercial property company Platzer reported improved financial performance for the second quarter, supported by positive net lettings and higher occupancy levels. Rental income increased 2 per cent year-on-year, while income from property management rose 4 per cent. The company also strengthened its industrial and logistics portfolio during the quarter and repurchased shares worth SEK 97 million. Despite ongoing economic uncertainty, Platzer said it remains cautiously optimistic as market conditions continue to improve gradually. Analysts continue to maintain a mixed view on the stock, with the average recommendation remaining at 'hold'.Read more

07 Jul 2026

Laser Power & Infra Ltd (LPIL) has fixed a price band of INR 203–214 per share for its INR 742 crore initial public offering (IPO), which will open for subscription on July 9 and close on July 13, with the anchor investor portion scheduled to open a day earlier. The Kolkata-based power transmission products manufacturer aims to raise INR 542 crore through a fresh issue, while promoters will divest shares worth INR 200 crore through an offer for sale (OFS). The proceeds from the fresh issue will be used primarily to reduce outstanding debt. As of March 31, 2026, the company had an order book of INR 3,243 crore and reported revenue of INR 2,326 crore for FY26.Read more

07 Jul 2026

Premium co-living operator Housr has introduced a zero-deposit rental product through a partnership with fintech platform CirclePe, enabling residents to move into its properties without paying an upfront security deposit. The facility has been integrated into Housr's resident management application and will be rolled out across the company's portfolio in India. Under the model, residents can replace the traditional security deposit with a monthly payment, reducing initial move-in costs. The initiative targets one of the key financial barriers in the rental housing market, particularly in metropolitan cities where security deposits often require tenants to commit substantial upfront capital.Read more

07 Jul 2026

Adani Enterprises has partnered with Abu Dhabi-based International Resources Holding (IRH), an IHC Group company, to establish a USD 11.5 billion (INR 1.08 lakh crore) integrated aluminium project in Odisha through a 50:50 joint venture. The project will comprise a 4 MMTPA alumina refinery, 2 MMTPA aluminium smelter, 4,000 MW captive power plant and a 1 MMTPA downstream manufacturing park, making it India's largest integrated aluminium investment. The venture marks Adani Group's entry into the aluminium sector, challenging the dominance of existing industry leaders while supporting Odisha's emergence as a global aluminium manufacturing hub and creating over 53,500 employment opportunities.Read more

07 Jul 2026

Gross office leasing across India's eight largest property markets declined 1% year-on-year to around 21 million sq ft during the April–June quarter, according to Cushman & Wakefield. Net absorption fell 14.5% to 11.6 million sq ft as limited availability of premium office space constrained occupier expansion despite sustained demand. The consultancy attributed the moderation primarily to supply-side constraints rather than weakening market fundamentals. Global Capability Centres (GCCs) continued to drive leasing activity, while tightening vacancy levels and improving rentals are expected to encourage developers to increase commercial project launches after a period of stronger focus on residential developments.Read more

07 Jul 2026

Long before apartments and gated communities became India's default address, every region developed its own idea of home. Some were designed to withstand earthquakes, others cooled entire households without electricity, while a few functioned like miniature cities for joint families. Today, these remarkable home types are disappearing as lifestyles change and urbanisation accelerates. Yet scattered across India, a handful still survive preserved in heritage villages, palaces, museums, and family estates. These are not just old houses; they are living blueprints of a forgotten way of life and a reminder that architecture once evolved with climate, culture, and community.Read more

07 Jul 2026

InterRent Real Estate Investment Trust (REIT) has announced that its planned acquisition by Carriage Hill Properties Acquisition Corp. is expected to close on July 9, 2026, after nearly all closing conditions were fulfilled. The all-cash transaction, announced last year, will see Carriage Hill acquire all eligible InterRent units for CAD 13.55 per unit. Following completion, the REIT is expected to be delisted from the Toronto Stock Exchange and will seek to cease being a reporting issuer, marking the final stage of one of Canada's major residential REIT acquisitions.Read more

07 Jul 2026

D S Kulkarni Developers Ltd has announced that its board will consider acquiring a 100% equity stake in Pune-based Moonbrick Realty Private Limited at its upcoming board meeting. Alongside the proposed acquisition, the company will also consider appointing a new Company Secretary and Compliance Officer. The proposed transaction marks a potential step in expanding the developer's business through an inorganic growth strategy. However, the company has not yet disclosed the financial terms, valuation, or timeline for completing the acquisition.Read more

07 Jul 2026

Nukleus Office Solutions Limited has expanded its presence in the National Capital Region with the launch of a new business centre at Okaya Centre in Noida's Sector 62. Spread across approximately 75,000 sq ft, the facility has been developed to cater to startups, small and medium enterprises (SMEs), and large corporates seeking flexible and managed office spaces. The expansion comes amid growing demand for professionally managed workplaces offering operational flexibility and enterprise-grade infrastructure. Located in one of Noida's established commercial districts, the business centre benefits from strong connectivity to Delhi, Greater Noida and Ghaziabad, reinforcing the company's strategy of expanding across key office markets in the NCR.Read more

07 Jul 2026

Frasers Property has appointed Tan Wee Hsien as the CEO designate of its Singapore business as part of a planned leadership transition. He will join the company on September 8, 2026, before taking over as CEO on October 1, 2026. He succeeds Soon Su Lin, who will step down from the role and become an adviser to Group CEO Panote Sirivadhanabhakdi. Tan joins from CapitaLand Development and brings around three decades of real estate experience across the Asia-Pacific region. The appointment comes as Frasers Property continues to strengthen its leadership team and execute its long-term business strategy.Read more

07 Jul 2026

SpiceJet has reduced its scheduled flights by 44% compared with April as fleet shortages and operational challenges continue to affect its network. The airline has temporarily suspended services on several routes after its operational fleet fell sharply following the return of wet-leased aircraft. While the carrier plans to induct additional aircraft in the coming months, the reduced schedule reflects ongoing efforts to align operations with available capacity and improve service reliability.Read more

07 Jul 2026

Peninsula Land Ltd has launched Peninsula Estates, Alibaug ONE, an 11-acre plotted residential development in Alibaug, Maharashtra. The gated project comprises 92 residential plots, with base plot sizes starting at 2,454 sq ft and introductory prices from INR 2.39 crore. Registered under the Real Estate (Regulation and Development) Act (RERA), the development is located within approximately 20 minutes of Mandwa Jetty and is positioned to cater to buyers seeking second homes and long-term residential investments. The project includes planned infrastructure, landscaped open spaces and lifestyle amenities, while the developer has highlighted clear land titles and master-planned development as key features.Read more

07 Jul 2026

The Telecom Regulatory Authority of India's (TRAI) proposal to introduce a separate infrastructure provider category for satellite communication services has received support from both telecom operators and satellite service providers. Industry stakeholders believe the framework can promote infrastructure sharing, improve operational efficiency and accelerate satellite broadband deployment across the country. However, discussions continue on issues such as spectrum usage, regulatory obligations and the scope of infrastructure sharing as the sector prepares for commercial satellite communication services.Read more

07 Jul 2026

JioBlackRock Asset Management plans to offer a complete range of mutual fund products within three years as it expands into specialised investment funds (SIFs), exchange-traded funds (ETFs) and offshore products through GIFT City. The joint venture between Jio Financial Services and BlackRock has shortlisted 10 outbound products for regulatory approval while preparing to launch additional SIFs and its first ETFs, broadening investment options for Indian investors and strengthening GIFT City's financial ecosystem.Read more

07 Jul 2026

The Bihar Cabinet has approved a new framework for levying user fees on state highways, introducing a dedicated mechanism to finance the development, upgradation and maintenance of the state's road network. Cleared under the Road User Fee (Determination and Collection of Rates) Rules, 2026, the policy establishes vehicle-wise user fee rates, annual revisions, exemptions for specified categories, concessional passes and discounts for frequent users. It also prescribes higher charges for vehicles without FASTag and contains provisions relating to overloaded vehicles.Read more

07 Jul 2026

JSW Steel has started construction of its proposed 2 million tonnes per annum (MTPA) steel plant in Andhra Pradesh through its wholly owned subsidiary, JSW Rayalaseema Steel Ltd. The project, with a total planned investment of over INR 16,350 crore, will be developed in two phases and will use Electric Arc Furnace (EAF) technology to produce low-carbon-emission structural steel. The facility is expected to strengthen the company's manufacturing footprint while supporting India's transition towards more sustainable steel production using recycled scrap and direct reduced iron.Read more

07 Jul 2026

Senior officials of the Andhra Pradesh Capital Region Development Authority (APCRDA) reviewed the construction progress of Iconic Towers 1 and 2 at the Amaravati Government Complex. During the site visit, APCRDA Commissioner V. Vijaya Rama Raju and Additional Commissioner Abhishek Kumar assessed the pace of work and held discussions with contractors and engineering officials. The review focused on construction quality, safety, project timelines and resource deployment. Officials directed the executing agencies to maintain prescribed standards while ensuring adequate manpower and faster execution to achieve the planned project milestones.Read more

07 Jul 2026

The Punjab Cabinet has approved amendments to the state's land pooling policy aimed at increasing benefits for landowners while introducing measures to simplify project implementation and regularisation processes. Cleared during a Cabinet meeting in the past week, the revised policy increases the entitlement of commercial plots and provides larger residential plots for landowners opting out of commercial allotments. The amendments also introduce a special Letter of Intent provision for small farmers, extend the validity of Sahuliyat Certificates and exempt original landowners from stamp duty on developed plots allotted under the policy. In addition, the Cabinet approved changes to facilitate the regularisation of unauthorised colonies and waived facilitation charges for several citizen services linked to the ongoing electoral roll revision exercise.Read more

07 Jul 2026

NHAI has prohibited all public and private vehicle movement on the under-construction Bilaspur–Urga section of NH-130A, part of the Raipur–Dhanbad Economic Corridor under the Bharatmala Pariyojana. All entry and exit points have been sealed, with CCTV surveillance being installed to prevent unauthorised access. The stretch remains exclusively reserved for construction personnel, machinery and project-related vehicles until commissioning. The authority has warned that violators will face legal action and urged motorists to use designated alternative routes.Read more

07 Jul 2026

Nisus Finance has invested in Bengaluru-based Sumukha Housing to support the development and execution of multiple residential projects in the city. The partnership will provide strategic growth capital, enabling Sumukha Housing to scale project execution while maintaining its delivery standards and customer-centric approach. The investment focuses on demand-driven residential micro-markets backed by end-user demand, healthy cash flow visibility and balanced risk-return characteristics. The transaction aligns with Nisus Finance's strategy of expanding its domestic real estate portfolio through selective investments in high-growth residential markets.Read more

07 Jul 2026

Easterly Government Properties has completed a USD 200 million five-year term loan facility as part of its capital management strategy. The facility includes an accordion feature that allows it to be expanded to USD 250 million if required. The proceeds will primarily be used to repay borrowings under the company's existing USD 400 million revolving credit facility, while the remaining funds will support general corporate purposes. The refinancing is expected to strengthen the company's financial flexibility and optimise its debt structure over the coming years.Read more

07 Jul 2026

The Bombay High Court has upheld the Maharashtra government's decision to undertake integrated cluster redevelopment of MHADA layouts at Bandra Reclamation and Adarsh Nagar, dismissing petitions challenging the policy and tender process. The court observed that planned cluster redevelopment would enable better infrastructure, amenities, open spaces and coordinated urban planning compared to fragmented redevelopment. he redevelopment will cover approximately 98.27 acres at Bandra Reclamation and 34.33 acres at Adarsh Nagar, involving several ageing residential buildings developed by MHADA.Read more

07 Jul 2026

Hindustan Petroleum Corporation Limited (HPCL) reported that its operational efficiency programme, Project Samridhi, improved earnings by USD 0.54 per barrel during FY26 through cost optimisation and refinery performance enhancements. The initiative generated EBITDA gains of INR 1,691 crore while supporting broader investments in refining, pipeline and fuel retail infrastructure. The programme forms part of HPCL's strategy to strengthen operational efficiency, expand energy infrastructure and improve financial performance across its refining and marketing network.Read more

07 Jul 2026

Tata Motors has partnered with Welspun Renewable Energy Pvt Ltd to develop an 86 MW wind-solar hybrid renewable energy project that will supply clean electricity to four of its commercial vehicle manufacturing plants across Jharkhand, Uttar Pradesh, Uttarakhand and Karnataka. The project is expected to generate around 200 million units of renewable power every year and reduce more than 1.4 lakh tonnes of carbon dioxide emissions annually. The initiative supports Tata Motors' clean energy transition and aligns with its RE100 commitment to source 100 per cent renewable electricity by 2030.Read more

07 Jul 2026

Air India Express has fully restored its flight operations to West Asia after regional airspace conditions stabilised. Services to destinations including the UAE, Oman, Qatar, Bahrain, Kuwait, Saudi Arabia and Muscat have resumed according to schedule. The airline said the restoration follows the easing of operational disruptions caused by recent geopolitical tensions. With services returning to normal, Air India Express expects improved connectivity for passengers travelling between India and key West Asian markets.Read more