13 minutes ago

India's long-term growth in natural gas consumption will depend on expanding transmission and distribution infrastructure, reforming gas pricing and market regulations, and increasing investment in gas-intensive industries, according to a new report by the International Gas Union (IGU). While the country has significantly increased its LNG regasification capacity, inadequate midstream infrastructure and market constraints continue to limit gas adoption. The report also highlights India's dependence on LNG and LPG imports, particularly through the Strait of Hormuz, and notes that recent geopolitical disruptions have exposed vulnerabilities in the country's energy supply chain. It says lower global LNG prices alone will not boost gas demand unless accompanied by infrastructure development, market liberalisation and regulatory reforms.Read more

43 minutes ago

Bank of Baroda reported a 48% year-on-year decline in its consolidated net profit for the June quarter of FY27 after making a one-time settlement payment of nearly INR 5,680 crore in the long-running NMC Group dispute in the UAE. The lender said the out-of-court settlement was a commercially prudent decision and does not create any future liability. Despite the exceptional impact, the bank maintained healthy loan and deposit growth, retained its FY27 guidance, strengthened its international business strategy, and continued to report stable asset quality and capital adequacy.Read more

1 hour ago

ACME Solar Holdings has operationalised an additional 2.29 GWh of Battery Energy Storage System (BESS) capacity in Rajasthan during the current financial year, taking its total operational storage capacity to 3.62 GWh across three project sites in the state. The expansion strengthens the company's energy storage portfolio and supports the integration of renewable energy into the grid. Battery energy storage systems play a key role in improving grid reliability, balancing intermittent renewable power generation and supporting India's growing clean energy and energy transition goals.Read more

1 hour ago

The Union Cabinet has approved the BHAVYA-Rasayan Scheme with a financial outlay of INR 3,030 crore to establish three dedicated chemical parks across India. Announced in the Union Budget for FY2026–27, the scheme aims to strengthen the country's chemical manufacturing ecosystem by creating common infrastructure and utilities. The Centre will provide up to INR 1,000 crore for each park, while the respective state governments will contribute at least INR 500 crore. The initiative is expected to attract significant private investment, improve logistics efficiency, and support the growth of upstream, downstream and ancillary industries.Read more

Indore News Desk

27 Jul 2026

The Indore Municipal Corporation (IMC) has constituted a five-member committee to investigate the alleged unauthorised transfer of 356 property tax accounts. The panel will examine how the transfers were processed, identify procedural lapses and recommend corrective measures where necessary. The inquiry is expected to strengthen oversight of municipal property records, improve accountability in property tax administration and safeguard the integrity of ownership-related data maintained by the civic body.Read more

27 Jul 2026

Adani Energy Solutions Ltd (AESL) has secured an INR 8,500 crore power transmission project in Andhra Pradesh through the Centre's tariff-based competitive bidding process. The project will strengthen power infrastructure for upcoming green hydrogen and green ammonia facilities in the Visakhapatnam region while supporting rising electricity demand from new data centres and digital infrastructure. To be executed through a special purpose vehicle, the project will add 1,582 circuit kilometres of transmission lines and 10,500 MVA of transformation capacity, further expanding AESL's nationwide transmission network.Read more

27 Jul 2026

Telangana Chief Minister A. Revanth Reddy has directed officials implementing the Indiramma Housing Scheme to prioritise the construction of affordable homes within established residential areas and close to beneficiaries' workplaces instead of developing housing on city outskirts. The directive aims to reduce commuting time, safeguard livelihoods and improve access to urban infrastructure and public services. The state government has also instructed officials to identify suitable government land for the programme and accelerate implementation. The move forms part of Telangana's broader affordable housing strategy, which seeks to deliver housing that is better integrated with existing urban neighbourhoods while ensuring improved quality of life for economically weaker sections.Read more

27 Jul 2026

Retail space leasing across shopping malls and high streets in Delhi-NCR rose 78% year-on-year to 1.3 million sq. ft. during the first half of 2026, driven by robust expansion by fashion retailers, food and beverage (F&B) operators and department stores, according to Cushman & Wakefield. Mall leasing more than doubled during the period, while leasing in high streets recorded moderate growth. The consultancy attributed the momentum to sustained retailer demand for quality retail assets, with vacancies in Grade A malls remaining low. Industry executives said expanding organised retail, improving infrastructure and the emergence of new consumption corridors across the National Capital Region are supporting long-term growth in the retail real estate market.Read more

27 Jul 2026

Miramar Hotel and Investment Co Ltd has entered into a joint venture to acquire a 50% interest in the MPM Plaza property. The company said the joint venture was formed over the past week, with the total capital requirement for the venture expected to be HKD 400 million. The funding will be contributed equally by both partners in a 50:50 ratio. The transaction is part of the company's property investment strategy and expands its presence in the real estate sector through a jointly owned commercial asset.Read more

27 Jul 2026

Road safety experts have stressed the need for practical, affordable and evidence-based measures to improve road safety across India, particularly in urban areas where most crashes occur due to poor road design. Speaking at a conference organised by the India chapter of the International Road Federation, experts said interventions such as better road markings, improved street lighting, raised pedestrian crossings, roundabouts and safer intersections can significantly reduce accidents. They also highlighted the role of technology and global best practices in creating safer roads while improving mobility for all users.Read more

27 Jul 2026

Co-living operator Union Living expects to more than double its revenue to INR 85–90 crore in FY27 as it expands its managed rental housing portfolio across key urban markets. The Mumbai-based company, which reported revenue of INR 38 crore in FY26, has accelerated capacity additions, particularly in Pune, where it has added 1,000 beds since April. Union Living currently operates 16 co-living centres across Mumbai, Pune, Ahmedabad and Gurugram, offering around 3,000 beds for students and working professionals. The company plans to increase its capacity to 4,000 beds by March 2027, supported by a build-to-suit development model and growing demand for professionally managed rental accommodation.Read more

27 Jul 2026

A fire that broke out in a residential high-rise in Thane led to the evacuation of around 80 residents as emergency teams carried out rescue and firefighting operations. The blaze, which reportedly originated in the building's electrical duct, was brought under control without any loss of life. Authorities also rescued a resident trapped inside a lift during the incident. Officials have launched an inquiry into the cause of the fire while assessing the extent of damage to the building's electrical infrastructure.Read more

27 Jul 2026

Consumer expectations from shopping malls in India have evolved beyond conventional retail, with destinations increasingly combining shopping, dining, entertainment and lifestyle experiences. Phoenix Palladium in Mumbai has positioned itself within this segment by offering a mix of international and domestic brands, restaurants, entertainment venues and year-round events. Spread across approximately 2.1 million sq. ft., the destination houses more than 650 brands and over 50 dining outlets. The development illustrates the broader transformation of India's organised retail sector, where developers are focusing on integrated, experience-led environments to attract longer visitor stays and repeat footfall.Read more

27 Jul 2026

Morgan Stanley Real Estate Investing (MSREI) has expanded its presence in the European logistics sector by acquiring a portfolio of five fully leased logistics assets across key French markets. Spread across Paris, Lille, Bordeaux, Nîmes and Tours, the portfolio covers nearly 160,000 square metres and will be managed with a long-term value creation strategy. FIRE Asset Management has been appointed as the operating partner. The acquisition reflects MSREI's continued focus on industrial and logistics real estate, supported by strong occupier demand and favourable market fundamentals in France.Read more

27 Jul 2026

Haryana Chief Minister Nayab Singh Saini has directed officials to prioritise cleanliness, planned urban development and civic infrastructure in Gurugram, while reviewing public grievances related to housing, utilities and environmental compliance. During a review meeting, he instructed authorities to ensure the scientific disposal of construction and demolition (C&D) waste, improve basic amenities in regularised colonies and prevent builders from disconnecting electricity supplies over maintenance disputes. The Chief Minister also set a one-month deadline to eliminate open dumping of C&D waste across the city and called for stricter enforcement against violations. The directions form part of the state government's efforts to strengthen urban governance and improve civic infrastructure in Gurugram.Read more

27 Jul 2026

Mumbai Metro Line 2B has reached another construction milestone with the successful installation of the first 70-tonne back-span pier segment of the Bandra Railway Over Bridge. The development marks the beginning of steel superstructure work on one of the city's most complex cable-stayed bridges. Being built over the Western Express Highway and the Western Railway corridor near Bandra Railway Station, the project is progressing while rail and road traffic remain operational. Once completed, Metro Line 2B will improve east-west connectivity, reduce travel time and integrate with several major transport networks across Mumbai.Read more

27 Jul 2026

Global capability centres (GCCs) continue to strengthen India's commercial real estate market, with foreign companies leasing 104.6 million square feet of Grade A office space across seven major cities since 2022, according to Colliers India. The report highlights that India remains the preferred destination for multinational firms due to its skilled workforce, cost advantage and technology ecosystem. GCCs accounted for 37 per cent of total office leasing during the period, while their share rose to 46 per cent in the first half of this year, reflecting their growing role in driving office demand.Read more

27 Jul 2026

The Central Government has approved power distribution projects worth INR 40,739 crore for Uttar Pradesh under the Revamped Distribution Sector Scheme (RDSS). The investment will be used to modernise electricity distribution infrastructure, strengthen network capacity and improve the quality and reliability of power supply across the state. The programme is also expected to reduce distribution losses, enhance operational efficiency and support Uttar Pradesh's rising electricity demand driven by rapid urbanisation, industrial growth and expanding consumer connectivity.Read more

27 Jul 2026

Lodha Developers Ltd has set a target of achieving a 20% increase in net profit to INR 4,100 crore in FY27 after reporting its highest-ever quarterly earnings for the April–June period. The Mumbai-based developer posted a twofold rise in net profit to INR 1,373.1 crore, supported by higher revenue, improved margins and sustained housing demand. The company has already achieved one-third of its full-year profit guidance in the first quarter. It also reported growth in residential sales bookings and reiterated its confidence in long-term expansion, backed by strong demand for branded housing, low leverage and plans to enter the Delhi-NCR residential market during the current financial year.Read more

27 Jul 2026

Blackstone is planning to establish an office at Dubai International Financial Centre (DIFC), marking its return to Dubai after relocating its regional base to Abu Dhabi in 2019, according to sources. The move is expected to strengthen the world's largest alternative asset manager's presence across the Gulf as it expands its focus on private wealth and regional investments. The company is expected to retain its Abu Dhabi office while increasing its presence in Dubai, which has emerged as a major financial hub attracting global investment firms, family offices and high-net-worth individuals.Read more

27 Jul 2026

Maha Mumbai Metro has achieved its highest-ever single-day ridership, with 3,73,637 passengers travelling on the network. The latest milestone marks the sixth ridership record set within a span of 33 days, reflecting the growing preference for metro travel in the Mumbai Metropolitan Region. The network also reported that more than 72% of commuters used digital, paperless tickets, highlighting the increasing adoption of eco-friendly travel options. The achievement underlines the steady rise in metro usage as connectivity across the city continues to expand.Read more

27 Jul 2026

HCLTech has partnered with AI startup Sarvam and the Odisha government to establish its first AI data center at the upcoming Odisha Sovereign AI Park with a planned investment of INR 14,257 crore. The project is aimed at strengthening India's sovereign AI ecosystem and supporting the development of AI applications for government and enterprise use. Alongside the data center, HCLTech will also set up a Global Technology Center in Bhubaneswar, which is expected to employ around 5,000 people and begin operations by 2028, expanding the company's AI and digital engineering presence in India.Read more

27 Jul 2026

The Supreme Court has postponed the hearing on a plea filed by a group of homebuyers seeking refunds in connection with the Supertech Twin Towers matter. The petition relates to purchasers who have sought repayment following the demolition of the illegal towers in Noida and the subsequent legal proceedings involving affected stakeholders. The deferment means the matter will be considered at a later date, while homebuyers continue to await judicial clarity on their claims for refunds and related relief.Read more

27 Jul 2026

I Squared Capital and Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) have entered into a partnership to jointly explore infrastructure opportunities outside Japan. The collaboration will focus on transportation and urban development projects across the Middle East, Asia Pacific and Europe. The agreement brings together I Squared Capital's global investment capabilities and JOIN's network across Japan's infrastructure sector. The development comes shortly after I Squared Capital signed another strategic agreement with Saudi Arabia's Public Investment Fund (PIF) to invest up to USD 2 billion in real estate and infrastructure assets in the Kingdom.Read more

Bangalore News Desk

27 Jul 2026

The Bangalore Development Authority (BDA) has introduced stricter norms governing modifications to sanctioned building plans after Occupancy Certificates (OCs) have been issued. The move is aimed at preventing unauthorised alterations that could affect the approved design, common areas and rights of apartment owners. By tightening the approval process, the authority seeks to improve regulatory compliance, strengthen urban planning oversight and provide greater protection to homebuyers in completed residential developments.Read more

27 Jul 2026

Central Railway is planning a 26-km emergency access road along the Karjat-Lonavala ghat section to strengthen disaster response during monsoon-related disruptions. The proposed road will allow rescue teams, maintenance staff and heavy equipment to reach affected locations more quickly, reducing delays in restoring train services. The initiative follows recent landslides that disrupted rail operations on the busy Mumbai-Pune corridor and highlighted the need for better access to remote sections of the ghat route.Read more

27 Jul 2026

Piramal Realty has launched Phase 2 of its premium integrated residential project, Piramal Vaikunth, in Balkum, Thane, with an estimated Gross Development Value (GDV) of around INR 4,700 crore. The company has introduced the first residential tower under the new phase, featuring 2 and 3-bedroom homes, while the total investment for Phase 2 is estimated at INR 3,600 crore. The expansion builds on the completed infrastructure and residential community developed during Phase 1 and comes as Balkum continues to gain traction due to multiple upcoming infrastructure and connectivity projects across the Mumbai Metropolitan Region.Read more

27 Jul 2026

Indian Railways has approved the construction of a 14.52-km third railway line between Nimpura West Outer Cabin and Midnapur in West Bengal at an estimated cost of INR 440 crore. The project is intended to increase rail capacity on a heavily used section of the South Eastern Railway, enabling smoother movement of passenger and freight trains. The additional line is expected to improve operational efficiency, reduce congestion and strengthen rail connectivity while supporting future traffic growth across the region.Read more

27 Jul 2026

Kolkata's growth has been inseparable from the bridges that span the Hooghly River, connecting the city with Howrah and beyond. From the first permanent crossing at Vivekananda Setu to the iconic Howrah Bridge, the elegant Vidyasagar Setu and the modern Nivedita Setu, each structure was built to solve the challenges of its time. Together, these bridges transformed trade, transport and urban expansion, making them far more than engineering landmarks they became the backbone of one of India's oldest and busiest metropolitan regions.Read more

27 Jul 2026

Malaysia and Hong Kong have signed a new agreement to simplify dual initial public offering (IPO) listings and strengthen cooperation between their capital markets. The arrangement introduces a streamlined framework that allows companies to use a single set of submission documents for simultaneous listings in both markets. It also supports the mutual recognition and cross-listing of exchange-traded funds (ETFs) and real estate investment trusts (REITs), giving investors in both jurisdictions access to a wider range of investment products while encouraging greater regional capital market participation.Read more

27 Jul 2026

India has awarded 10,389 km of National High-Speed Corridors and Greenfield Expressways, of which 4,809 km have been completed while 5,580 km remain under construction, the Ministry of Road Transport and Highways informed Parliament. The government said project execution is being regularly monitored at the project, state and central levels to accelerate construction and address implementation bottlenecks. To expedite delivery, the Centre has introduced measures including digital land acquisition through the Bhoomi Rashi portal, faster environmental clearances via the revamped Parivesh portal and online approvals for railway overbridges and underbridges. Rajasthan has the highest completed corridor length at 1,192 km, while several states, including Bihar, Punjab and Andhra Pradesh, continue to witness significant construction activity.Read more

27 Jul 2026

The US has imposed a 10 per cent tariff on goods imported from India under a new trade measure linked to the enforcement of laws against forced labour. The revised tariff is lower than the 12.5 per cent initially proposed after India amended its foreign trade policy to prohibit the import of goods produced using forced labour. The move is part of a broader US action covering 60 economies. While India has opposed the investigation behind the tariffs, the reduced rate is being seen as an indication that trade discussions between the two countries continue to remain active.Read more

27 Jul 2026

The Supreme Court has intensified its scrutiny of enforcement measures against illegal constructions in Haryana, particularly in Gurugram, while reviewing the role of civic authorities in implementing court directions. The proceedings focus on whether municipal agencies have acted effectively against unauthorised structures and complied with earlier judicial orders. The case is expected to influence future enforcement practices, strengthen institutional accountability and reinforce the importance of regulatory compliance in urban planning and development.Read more

27 Jul 2026

SL Green Realty Corp. has signed a 10-year office lease spanning 98,420 square feet at 11 Madison Avenue in Manhattan with a leading artificial intelligence company. The transaction covers the building's entire 11th floor and reflects the continued demand for premium office space from AI and technology firms. The lease adds to SL Green's strong leasing activity this year, while reinforcing the growing presence of AI companies across its Madison Avenue office portfolio, including both 11 Madison Avenue and the neighbouring One Madison Avenue.Read more

27 Jul 2026

Gulshan Group has announced plans to invest around INR 1,000 crore in a new residential development at Wave City in Ghaziabad following the approval of the project's building plans by the Ghaziabad Development Authority. The development is expected to add premium housing inventory within the integrated township while incorporating sustainability, energy efficiency and modern urban infrastructure in line with the latest Uttar Pradesh building regulations. The investment reflects continued confidence in Ghaziabad's expanding residential market and the growing appeal of integrated township developments.Read more

Mumbai News Desk

27 Jul 2026

A proposal to award a INR 2,241-crore contract for a major underground tunnel project in Mumbai has been held up after members of a BMC civic committee sought additional scrutiny before granting approval. Corporators raised concerns over the tendering process, project costs and technical aspects of the contract, prompting the committee to defer its decision and seek further clarifications from civic officials. The proposed tunnel forms part of Mumbai's broader transport infrastructure programme aimed at reducing traffic congestion and improving east-west connectivity through grade-separated corridors.The delay could temporarily affect the project's implementation timeline, although the Brihanmumbai Municipal Corporation (BMC) has maintained that the tunnel remains a priority infrastructure initiative.Read more

27 Jul 2026

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has allocated INR 28 crore for infrastructure development in Vizianagaram and Nellimarla municipalities, with a focus on improving roads, parks, drainage and urban amenities.Key projects include the widening of the 1.45-km Seetham College–JNTU master plan road to 80 feet at an estimated cost of INR 7.2 crore, alongside civic infrastructure works across Vizianagaram municipality. Of the total allocation, INR 16 crore has been sanctioned for development works in Vizianagaram municipality, while INR 4 crore has been earmarked for Nellimarla. The authority has also committed additional funding after the completion of ongoing projects. The initiative forms part of VMRDA's broader strategy to strengthen urban infrastructure and support balanced regional development across its jurisdiction.Read more

27 Jul 2026

The Central government has eased foreign direct investment (FDI) norms by allowing foreign-funded e-commerce companies to operate an inventory-based model exclusively for exports. The move is aimed at boosting India's outbound shipments while ensuring that domestic retail businesses remain unaffected. According to the Global Trade Research Initiative (GTRI), the policy is expected to benefit large global e-commerce companies, including Amazon, and could signal a broader opening of India's online retail sector in the future. However, the think tank also cautioned that the decision could weaken India's negotiating position in future trade agreements.Read more

27 Jul 2026

Mahindra Lifespace Developers reported a strong financial performance for the first quarter of FY27, with consolidated net profit rising 67% year-on-year to INR 85.55 crore. The company also posted a sharp increase in total income, supported by robust residential sales and healthy profitability. The developer said it has started the financial year on a positive note, backed by sustained demand across its residential projects. Mahindra Lifespace continues to expand its presence with a sizeable residential portfolio across seven cities and integrated developments spanning more than 5,500 acres.Read more

27 Jul 2026

Kerala is expecting investments of around INR 10,000 crore in the maritime sector as it works to strengthen its position as a major shipbuilding and port development hub. The state government said the investment is expected to come through multiple maritime projects, including the proposed entry of the Tata Group into the shipbuilding sector. The initiative is part of Kerala's broader strategy to expand its maritime ecosystem by leveraging the growth of ports, shipbuilding, logistics and allied industries. The state also aims to generate employment and attract long-term investments through these projects.Read more

27 Jul 2026

The National Highways Authority of India (NHAI) will set up a dedicated Vadodara Project Implementation Unit (PIU) to improve project execution and address chronic congestion on the NH-48 corridor, one of western India's busiest highway stretches. The new unit will oversee highway widening, bridge upgrades, traffic management and maintenance works on the Vadodara section, where frequent bottlenecks have affected passenger and freight movement. The decision follows persistent traffic snarls on the highway, particularly around the Jambuva–Golden Chowkdi stretch, which carries heavy industrial and commercial traffic. The dedicated PIU is expected to improve coordination with local authorities, speed up project implementation and strengthen long-term traffic management on the strategic Delhi–Mumbai highway corridor.Read more

27 Jul 2026

The Andhra Pradesh government has announced the introduction of Registration Seva Kendras (RSKs) to modernise property registration services and improve public access to land-related transactions. Inspired by the Passport Seva Kendra model, the centres will provide streamlined citizen services while all statutory powers remain with the Registration Department. Chief Minister N. Chandrababu Naidu clarified that the initiative is not a step towards privatisation, stressing that government officials will continue to oversee all legal and registration functions.Read more

27 Jul 2026

SpiceJet has expanded its operational fleet by leasing three Airbus A320 aircraft on a damp lease basis, with the aircraft set to enter service over the past week. The move is part of the airline's ongoing fleet augmentation strategy aimed at improving operational flexibility while managing costs. The carrier has also indicated that discussions are underway with additional lessors to induct more aircraft in the coming months. The expansion comes as SpiceJet continues its efforts to restore capacity and strengthen its network after operating with a reduced fleet.Read more

27 Jul 2026

India’s policy-driven growth has helped the country remain the world’s fastest-growing major economy despite increasing global uncertainty, ITC Chairman and Managing Director Sanjiv Puri said while addressing shareholders at the company’s Annual General Meeting. He said recent geopolitical developments, particularly the West Asia crisis, have made global volatility more structural than temporary, affecting trade and energy security. Highlighting India’s policy reforms, Puri said they have strengthened economic resilience. He also outlined ITC’s medium-term business performance, investment plans, exports, FMCG growth and contribution to the economy over the past five years.Read more

27 Jul 2026

Crown Castle has slightly increased its full-year site rental revenue and adjusted funds from operations (AFFO) forecasts, supported by continued growth in data consumption and demand for wireless infrastructure across the United States. While the company reported quarterly site rental revenue below analysts' estimates, its AFFO exceeded market expectations. The company is also continuing its strategic shift to become a pure-play tower operator after selling its fiber assets last year and announcing workforce reductions earlier this year as part of its restructuring efforts.Read more

27 Jul 2026

Bokaro Police have started a district-wide tenant verification campaign to improve public safety and strengthen crime prevention. The exercise requires landlords to submit the identity details of tenants residing in rented properties, enabling the police to maintain updated records and respond more effectively to security concerns. The initiative forms part of a broader effort to encourage responsible tenancy practices, enhance community policing and ensure better monitoring of residential areas across the district.Read more

27 Jul 2026

Shoppers Stop reported a lower consolidated net loss for the first quarter of FY27, supported by double-digit growth in revenue and total income. The retailer expanded its store network by opening eight new outlets across department stores, beauty stores and its affordable retail format, INTUN, while investing INR 44 crore in expansion. The company also maintained confidence in consumer demand ahead of the festive season and reiterated its focus on inventory management, operational efficiency, disciplined capital allocation and achieving a debt-free position by FY27.Read more

27 Jul 2026

India's Gati Shakti Cargo Terminal (GCT) network continued to expand, with 142 operational terminals handling 146 million tonnes of freight during FY26, according to information shared by Railway Minister Ashwini Vaishnaw in the Lok Sabha. The terminals, developed under a policy aimed at attracting private investment, have an estimated annual freight handling capacity of 224 million tonnes and have drawn around INR 10,000 crore in private investment. The initiative supports multiple industries by improving rail connectivity, reducing logistics costs and strengthening the country's multimodal freight infrastructure.Read more

27 Jul 2026

The Union government has reorganised the Ministry of Housing and Urban Affairs (MoHUA) by creating two distinct departments to improve administrative efficiency and policy execution. While one department will focus on the planning, development and management of assets and infrastructure in Delhi and the National Capital Region, the other will oversee housing, urban infrastructure and flagship urban schemes across the country. The move is expected to bring greater institutional focus to the unique governance requirements of the national capital while strengthening the implementation of urban development programmes nationwide.Read more

27 Jul 2026

Manipal Health Enterprises Ltd is set to launch its Initial Public Offering (IPO) on July 29, aiming to raise up to INR 9,275 crore through a combination of a fresh issue and an offer for sale. The company has fixed a price band of INR 560–590 per share, valuing it at more than INR 77,600 crore at the upper end. A major portion of the fresh issue proceeds will be used to reduce debt and acquire a minority stake in Sahyadri Hospitals. The IPO will close on July 31, with the proposed listing expected around August 5.Read more