29 minutes ago

Malaysia-based IJM Corp is evaluating the possibility of listing its construction business as part of efforts to explore strategic options for the group. The company has begun the process of appointing advisers to assess the proposal but said no final decision has been taken. Market reports had earlier indicated that the listing could raise nearly USD 293.40 million and unlock significant shareholder value. The move comes months after Sunway's takeover attempt for IJM failed to meet the required acceptance conditions.Read more

59 minutes ago

Goa Tourism has reviewed a series of initiatives aimed at strengthening the state's position as a year-round tourism destination. The plans include a proposed partnership with TUI Group to improve Goa's visibility in Europe, large-scale celebrations for World Tourism Day 2026, and the promotion of sports tourism through international events. The state is also focusing on digital transformation, sustainability, stakeholder collaboration and community participation as part of its long-term tourism strategy to attract diverse visitor segments and strengthen its global presence.Read more

1 hour ago

Bandhan Bank reported a strong financial performance for the first quarter of FY27, with net profit rising 35% year-on-year to INR 502 crore, supported by growth in lending and improved asset quality. Net interest income also increased during the quarter, while gross advances recorded double-digit growth across key business segments. The bank reduced provisions significantly, maintained a healthy capital position, and continued to strengthen its retail and digital banking business. The board also approved the appointment of an interim Chief Financial Officer, effective from September 26, 2026.Read more

1 hour ago

ACME Solar Holdings has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 300 MW Inter-State Transmission System (ISTS)-connected wind-solar hybrid renewable energy project. The agreement increases the company's PPA-backed portfolio to 6,870 MW out of its total contracted capacity of 8,070 MW. The project will use ACME Solar's existing grid connectivity in high solar irradiation and wind resource locations and will supply power at a minimum annual capacity utilisation factor of 30 per cent, further strengthening its renewable energy pipeline.Read more

2 hours ago

Indian Overseas Bank (IOB) reported a strong performance for the first quarter of FY27, with consolidated net profit rising 45.64 per cent year-on-year to INR 1,716.29 crore. The growth was supported by higher net interest income, strong non-interest income, lower bad loans and healthy loan and deposit growth. The bank also outlined its plans to raise capital through an offer-for-sale (OFS) and a qualified institutional placement (QIP), while remaining optimistic about corporate lending, FCNR-B deposits and credit growth during the current financial year.Read more

2 hours ago

UltraTech Cement reported a strong rise in its first-quarter financial performance, supported by higher cement demand, increased sales volumes and operational efficiencies despite elevated fuel costs. The company also announced a larger capacity expansion plan for FY2028, reflecting confidence in long-term demand. While rising petcoke and coal prices continued to put pressure on margins, improved operating performance and its large-scale operations helped offset the impact. Analysts believe pricing remains the key challenge for the cement industry even as demand continues to stay healthy.Read more

3 hours ago

The Reserve Bank of India (RBI) has mobilised USD 20.72 billion under its foreign currency mobilisation measures introduced in early June, providing a strong boost to India's balance of payments. Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits contributed the majority of the inflows, easing concerns over weak participation. Economists believe the strong response could help maintain a balance of payments surplus despite higher crude oil prices, while also supporting the rupee and strengthening the RBI's ability to manage currency market volatility.Read more

22 Jul 2026

Punjab National Bank (PNB) has approved its acquisition financing policy and plans to begin operations in this segment from the third quarter of FY27, starting with domestic entities. The move follows the Reserve Bank of India’s final guidelines allowing banks to finance up to 75 per cent of acquisition deal value, subject to conditions. PNB is also looking to mobilise USD 2.5 billion in FCNR (B) deposits by September 30 and has already collected USD 425 million by mid-July. The bank recently reported a sharp rise in quarterly net profit.Read more

22 Jul 2026

IndiGo has selected Honeywell Aerospace's avionics and power systems for 810 Airbus A320neo family aircraft that will join its fleet over the coming years, marking one of the largest equipment agreements for the aerospace company. The partnership strengthens IndiGo's long-term fleet expansion strategy as it continues to grow its domestic and international operations. Honeywell will supply critical onboard systems and provide aftermarket support, building on its decade-long association with the airline and supporting the carrier's expanding fleet.Read more

22 Jul 2026

The International Finance Corporation (IFC) and HSBC will invest up to USD 40 million to support the modernisation and decarbonisation of Sri Lanka's Port of Colombo. The funding will be used to procure advanced twin-lift ship-to-shore cranes aimed at improving productivity, operational efficiency and energy performance at the South Asia Gateway Terminal (SAGT). The investment is also expected to strengthen the port's role as South Asia's leading transhipment hub, reduce carbon emissions, create employment opportunities and encourage greater participation of women in the maritime sector.Read more

22 Jul 2026

Bihar Chief Minister Shri Samrat Choudhary has inaugurated the Belwa–Minapur Link Channel under the Bagmati–Burhi Gandak River Link Project in Sheohar district, developed at a cost of INR 130.88 crore. The project aims to improve flood management and expand irrigation in North Bihar. During his visit, the Chief Minister also inaugurated and laid the foundation stone for around 40 development projects worth nearly INR 200 crore across the district. The river-link infrastructure is designed to divert surplus floodwaters from the Bagmati River to the Burhi Gandak basin, reducing flood risks while improving water availability for agriculture. The projects form part of the Bihar government's efforts to strengthen irrigation infrastructure, flood resilience and rural development in flood-prone regions of the state.Read more

22 Jul 2026

Borosil has expanded its offline retail presence by launching its first exclusive brand stores in Pune and Gurugram as part of its long-term omnichannel strategy. The company plans to open more company-owned outlets in key cities before expanding through a franchise-led model across India. The stores showcase Borosil's complete range of kitchen, dining, home and lifestyle products in one location, allowing customers to experience products before purchase. Borosil is also evaluating opportunities to enter markets such as Mumbai and Bengaluru as it strengthens its premium retail presence.Read more

22 Jul 2026

India's data centre sector continued its growth momentum in the first half of 2026, with fresh capacity additions rising 59 per cent year-on-year to 258 MW IT, according to Savills India. The expansion increased the country's total operational data centre stock to 1.8 GW IT. The consultancy expects India's data centre capacity to exceed 7 GW IT by 2030, supported by strong demand from hyperscalers and large enterprises. However, the availability of adequate power supply and suitable land continues to remain a major challenge for future data centre development across key markets.Read more

22 Jul 2026

Maharashtra has begun work on a new law that proposes the blockchain-based tokenisation of land and other immovable properties, making it the first state in India to pursue such legislation. The proposed framework aims to digitally represent property value through tokens while ensuring legal protection and ownership clarity. An expert committee with representatives from SEBI, BSE, NSE and industry specialists will help draft the framework. The initiative is expected to improve property transactions, unlock the value of real estate assets and support the state's long-term economic growth plans.Read more

22 Jul 2026

India's core infrastructure sectors recorded a five-month high growth of 5% in June, supported by strong output from cement, electricity and the newly added iron ore sector. The government has revised the Index of Core Industries (ICI) with a new base year of 2022-23 and expanded it to include nine sectors by adding iron ore. While cement and electricity posted robust growth, output of crude oil, natural gas, refinery products and fertilisers declined. Experts said the improvement was driven by a few sectors rather than broad-based growth across the economy.Read more

22 Jul 2026

Morocco is planning to add 60,000 hotel beds before the 2030 FIFA World Cup as part of a broader strategy to strengthen its tourism sector and improve visitor infrastructure. The expansion will increase the country's hotel capacity by around 20% while complementing large-scale investments in transport, airports, stadiums and urban infrastructure. After becoming Africa's most visited destination last year, Morocco is now targeting 26 million tourists by 2030 by expanding air connectivity, promoting new destinations and positioning Rabat as a major cultural, sports and business hub.Read more

22 Jul 2026

South Korean President Lee Jae Myung has come under criticism after property records showed that he and his wife extended credit to buyers of their Seoul apartment, despite his government's strict mortgage lending rules aimed at curbing property speculation. The financing arrangement has triggered political and public debate over whether it contradicts the intent of the housing policy. Lee's office said the apartment was sold below market value and that the credit arrangement was made due to the buyers' financial circumstances.Read more

22 Jul 2026

The Mumbai Port Authority (MbPA) has intensified its efforts to recover nearly INR 3,500 crore in unpaid lease rentals from eight major defaulting entities occupying port land on Mumbai's eastern waterfront. The authority has appointed senior legal officials and leading law firms to pursue recoveries and plans to initiate criminal action against unauthorised occupants. MbPA said the unpaid dues are affecting funding for key waterfront redevelopment and maritime infrastructure projects under its long-term master plan, while urging tenants to clear their outstanding liabilities.Read more

Mumbai News Desk

22 Jul 2026

The Maharashtra government has approved INR 45 crore for an eco-tourism and bird park project at Bhandup, to be developed along the Thane Creek shoreline within the Ramsar-designated Thane Creek Flamingo Sanctuary. Mumbai Suburban Guardian Minister Ashish Shelar inspected the proposed site and said the project will feature India's first AI-powered bird detection and monitoring system at an eco-tourism destination, alongside a mangrove nature trail, observation towers and a nature interpretation centre. The project has already secured clearances from multiple state and central authorities and is expected to be developed with minimal disturbance to the surrounding ecology.Read more

22 Jul 2026

Indian real estate recorded 39 deals worth USD 2.3 billion during the April-June quarter, according to Grant Thornton Bharat, marking a nearly threefold increase over the previous quarter. The rise was driven by a recovery in fundraising through IPOs and Qualified Institutional Placements (QIPs), along with strong private equity investments. Merger and acquisition activity also remained steady, while institutional investors continued to focus on income-generating commercial assets. The quarter also saw major REIT transactions, reflecting sustained investor interest in India's commercial real estate sector.Read more

22 Jul 2026

The Directorate of Enforcement (ED) has provisionally attached 389 immovable properties valued at INR 240.03 crore under the Prevention of Money Laundering Act (PMLA) in connection with an alleged money laundering case linked to the Grand Venezia Commercial Complex project in Greater Noida. The attachment includes commercial units in Grand Venice Mall and properties in Goa. The investigation alleges that investor funds were diverted through related entities after buyers were promised assured returns and timely possession of commercial units.Read more

22 Jul 2026

The Telangana government has launched the Indiramma Indlu-LIG Flats scheme to provide affordable housing support to eligible urban poor families across Hyderabad and surrounding urban areas. Announced in the past week, the initiative will facilitate the construction or purchase of Low-Income Group (LIG) flats with financial assistance of INR 6 lakh per beneficiary. The programme forms part of the state's broader Indiramma housing initiative aimed at expanding access to permanent housing for economically weaker sections in urban centres. The scheme is expected to cover beneficiaries residing in the Comprehensive Integrated Residential Urban Expansion (CURE) region while complementing the government's ongoing affordable housing efforts. It also seeks to address housing shortages in rapidly urbanising areas through a structured subsidy-based model backed by the state government.Read more

22 Jul 2026

Knowledge Economic City has announced the sale of two land plots within its masterplan in Madinah for a total net transaction value of SAR 229.1 million. The company expects the transaction to generate a gross profit of SAR 207.5 million, significantly higher than the recorded book value of the assets. The proceeds will be used to improve liquidity, strengthen the company's financial position and support ongoing strategic development projects. The transaction forms part of the company's broader strategy to optimise its land portfolio while advancing the long-term development of its master-planned project in Madinah.Read more

22 Jul 2026

Patel Engineering Ltd (PEL) has said it is working alongside disaster response agencies and local authorities to support rescue operations following the collapse of an under-construction tunnel at the NHPC Teesta Stage VI Hydroelectric Project in Sikkim's Namchi district. The incident, triggered by a landslide in the past week, claimed 10 lives and trapped 25 people, including project officials and workers, inside the ADIT-3 tunnel at Samardung in Jholungey. The company stated that it has deployed all necessary resources and engineering support to assist rescue teams in stabilising the tunnel and reaching those trapped. Authorities, including the National Disaster Response Force (NDRF) and State Disaster Response Force (SDRF), remain engaged in the ongoing rescue operation.Read more

22 Jul 2026

Smartworks Coworking Spaces Ltd has expanded its engagement with L&T Technology Services by leasing more than 1,100 managed workspace desks at its Pune facility. The five-year agreement is expected to generate rental income of INR 55 crore for Smartworks. With the latest transaction, the flexible workspace operator now manages over 2,750 desks for L&T Technology Services across multiple cities. The deal reflects continued demand from large enterprises for managed office campuses offering operational flexibility and scalability. As of the end of FY2025–26, Smartworks operated a portfolio of 16.1 million sq ft across 66 centres in India and Singapore, serving more than 770 enterprise clients.Read more

22 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has deployed a special sanitation team to Pandharpur as part of the Maharashtra government's Safai Apnao, Bimari Bhagao campaign during the Ashadhi Wari pilgrimage. With lakhs of devotees expected to visit the temple town, the civic body will undertake a two-day cleanliness drive focused on maintaining hygiene across key public areas. The operation will be carried out under the guidance of Municipal Commissioner Dr Kailas Shinde and will include sanitation inspectors, sanitation workers and specialised suction and jetting units. The initiative aims to ensure a clean and hygienic environment around the temple precincts, public conveniences and sewerage infrastructure during one of Maharashtra's largest annual religious gatherings.Read more

22 Jul 2026

Portugal’s stricter immigration rules are creating fresh challenges for the country’s construction sector at a time when it is trying to address a severe housing shortage. Industry leaders say the new measures have reduced the availability of migrant workers, who make up a significant share of the construction workforce. With the country planning large-scale affordable housing and infrastructure projects, developers and trade bodies have warned that labour shortages could delay construction, increase project costs and affect the delivery of new homes over the coming years.Read more

22 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has clarified that the online recruitment examinations under its Direct Recruitment 2025–26 drive will be conducted as scheduled on July 21 and 22 despite an earlier resolution passed by the General Body seeking a temporary suspension of the recruitment process. The civic body received 19,220 applications for 132 vacancies across Group A, Group B and Group C cadres. The examinations will be conducted by TCS iON across 13 centres in six districts. NMMC has put in place extensive administrative and security measures, including the appointment of coordination officers and observers, police deployment and mobile jammers, while urging candidates to rely only on official sources for recruitment-related information.Read more

22 Jul 2026

India’s nine core infrastructure sectors recorded a five-month high growth of 5 per cent in June, supported by robust production of cement, electricity and iron ore. The government has also introduced a revised index with 2022-23 as the new base year and added iron ore as the ninth core sector. While output of crude oil, natural gas, refinery products and fertilisers declined, higher production in construction-related sectors helped improve overall growth. The April-June performance also showed a stronger expansion compared to the corresponding period last year.Read more

Mumbai News Desk

22 Jul 2026

The directors of Mumbai-based luxury developer Notandas Realty, Mahesh Jagwani and Harsh Jagwani, have acquired the heritage Villa Wilson bungalow in Juhu for INR 135 crore, marking the company's second high-profile bungalow purchase in the suburb this year. Spread across a plot of about 1,038.5 square metres with a future developable area of roughly 11,836.94 square metres, the property was previously owned by the Wilson family for more than five decades. The company plans to develop a luxury residential project on the site with a projected gross development value of INR 600 crore.Read more

22 Jul 2026

The Andhra Pradesh government's Greenfield International Airport at Bhogapuram, developed by GMR Visakhapatnam International Airport Limited on a public-private partnership basis, is set to be inaugurated by Prime Minister Narendra Modi on August 1, as confirmed by Chief Minister Chandrababu Naidu. Built over 2,203 acres near Visakhapatnam at an estimated cost of INR 4,592 crore, the airport has already cleared a validation flight and received its aerodrome licence. The project, which has seen its opening date revised several times, is now positioned to reshape connectivity and economic activity across North Andhra.Read more

22 Jul 2026

Goa is synonymous with golden beaches and vibrant nightlife, but beyond its famous coastline lies a collection of islands waiting to be explored. Surrounded by rivers, estuaries and the Arabian Sea, these islands offer everything from serene beaches and Portuguese-era villages to birdwatching, mangrove forests and heritage churches. Whether you're seeking adventure, tranquillity or a glimpse into Goa's rich history, these ten islands showcase a quieter and often overlooked side of India's favourite coastal destination.Read more

22 Jul 2026

Healthpeak Properties and Brookfield Asset Management have entered into a strategic joint venture valued at approximately USD 2.1 billion to strengthen their healthcare real estate portfolio. Under the agreement, Brookfield has acquired a 49% stake in the venture, while Healthpeak has retained a 51% ownership and will continue to manage the assets. The transaction has generated USD 1.02 billion in proceeds for Healthpeak through the sale of its minority interest. The agreement also provides Healthpeak with the option to repurchase Brookfield's stake after the seventh year under pre-agreed terms.Read more

22 Jul 2026

Heavy rainfall over the weekend triggered floods and landslides across several parts of northern and northeastern India, leaving at least 25 people dead and affecting thousands. The worst-hit areas include Jammu and Kashmir, Nagaland and Assam, where rescue operations are continuing and several people remain missing. Weather authorities have warned that active monsoon conditions are likely to continue over the coming week, raising concerns over additional flooding, landslides and disruptions. Similar weather-related incidents have also caused casualties and infrastructure damage in neighbouring Nepal.Read more

22 Jul 2026

Eyewear retailer Lenskart has leased 88,343 sq ft of office space at Worldmark 6 in Delhi Aerocity, reinforcing its corporate presence in one of the capital's leading commercial districts. The long-term lease is estimated to have a rental outgo of around INR 232 crore over its tenure, according to property registration documents. The transaction reflects continued demand from occupiers for premium Grade A office spaces in established business hubs offering strong connectivity and modern infrastructure. Delhi Aerocity has witnessed sustained leasing activity from companies across technology, consulting, aviation, financial services and consumer sectors.Read more

22 Jul 2026

The South 24 Parganas district administration has initiated demolition of a portion of a Trinamool Congress party office linked to MP Abhishek Banerjee in Amtala, citing alleged deviations from sanctioned building norms. The action follows an administrative review of the structure and has triggered a legal challenge before the Calcutta High Court. The case has drawn attention to the enforcement of building regulations, the approval process for commercial structures and the role of local authorities in addressing alleged unauthorised construction.Read more

22 Jul 2026

Brookfield Asset Management and Canada Pension Plan Investment Board (CPP Investments) have agreed to acquire LXP Industrial Trust in an all-cash transaction valued at around USD 5.2 billion. The deal reflects continued investor interest in industrial real estate, particularly warehouse and logistics assets, which continue to benefit from rising e-commerce activity and supply chain upgrades. LXP's shares gained in premarket trading following the announcement. The acquisition is expected to be completed in the fourth quarter of 2026, subject to shareholder approval and other customary closing conditions.Read more

22 Jul 2026

Aurum PropTech Ltd reported a consolidated net profit of INR 45.18 crore for the first quarter of FY2026–27, reversing a loss recorded a year earlier, primarily due to gains from the sale of two commercial buildings in Navi Mumbai. The Mumbai-based PropTech company also reported a rise in total income to INR 119.01 crore during the April–June quarter. The asset sale, valued at INR 112 crore, was completed during the quarter, with the balance gain recognised as other income from discontinued operations. The results come days after Aurum PropTech announced the acquisition of Housing.com in an all-equity transaction aimed at expanding its digital real estate ecosystem.Read more

22 Jul 2026

Meghna Infracon Infrastructure Ltd has launched a commercial development at Wagle Estate in Thane, within the Mumbai Metropolitan Region (MMR), with an estimated revenue potential of INR 300 crore. The project, named Meghna One, will have a developable area of approximately 2.8 lakh sq ft and will comprise premium office, retail and hospitality spaces. The launch forms part of the company's expansion in the commercial real estate segment, targeting one of MMR's established business districts, where demand for integrated commercial developments has remained steady.Read more

22 Jul 2026

The Central government is considering reviving its proposal to merge the National Bank for Financing Infrastructure and Development (NaBFID) with India Infrastructure Finance Company Ltd (IIFCL) to strengthen long-term infrastructure financing. The move follows progress on the proposed REC-PFC merger and aims to create a larger development finance institution with a combined loan book of nearly INR 1.85 trillion. The proposed consolidation is expected to enhance lending capacity and support financing requirements for India's expanding infrastructure pipeline.Read more

22 Jul 2026

Mahindra Logistics reported a strong financial performance for the first quarter of FY27, driven by growth across its contract logistics, express and mobility businesses. Standalone profit after tax increased nearly five times year-on-year, while consolidated operations returned to profitability. Revenue grew 23 per cent on both standalone and consolidated bases, supported by new customer additions, higher warehouse capacity and improved operational efficiencies. The company also reported continued expansion in e-commerce and quick commerce logistics, alongside a sustained turnaround in its express business.Read more

22 Jul 2026

The Ministry of Power has issued a draft notification proposing mandatory energy and sustainability ratings for large buildings and building complexes with a built-up area of 20,000 square metres or more. Under the proposal, new commercial, office and residential buildings above this threshold would need to obtain a BEE Star Rating or an equivalent rating from agencies such as GRIHA, IGBC, LEED or GEM. The draft, issued under the Energy Conservation Act, 2001, seeks to replace the existing 2018 building code rules and bring a uniform national benchmark to building energy performance.Read more

22 Jul 2026

Reliance Retail Ventures reported a decline in net profit for the first quarter of FY27 despite recording steady revenue growth and higher customer engagement. The company attributed the fall in profitability to continued investments in digital commerce and supporting infrastructure, which increased fixed costs and impacted margins. During the quarter, the retailer expanded its store network, added millions of new customers, and recorded a sharp rise in transactions, reflecting continued demand across its physical and digital retail formats.Read more

22 Jul 2026

Prime Minister Narendra Modi has dedicated 75 redeveloped railway stations across 20 states to the nation under the Amrit Bharat Station Scheme, redeveloped at a combined cost of approximately INR 1,570 crore. The stations have been transformed into modern, passenger-centric transit hubs that reflect local heritage while incorporating future-ready infrastructure. This marks the second major nationwide dedication under the scheme, after an earlier round covering 103 stations across 18 states and union territories in May 2025.Read more

22 Jul 2026

Sobha reported a sharp rise in its financial performance for the first quarter, supported by higher apartment prices and sustained demand for premium homes. The Bengaluru-based real estate developer recorded nearly four times growth in consolidated net profit, while revenue also increased significantly during the quarter. The company's performance reflects the continued resilience of India's residential real estate market, particularly in the premium segment. Stable domestic interest rates and steady homebuyer demand helped the sector maintain momentum despite global economic uncertainties and concerns over inflation linked to higher crude oil prices.Read more

22 Jul 2026

Tata Power has received a Letter of Award (LoA) from the Solar Energy Corporation of India Ltd (SECI) to supply 324 MW of electricity from its proposed 1,000 MW Bhivpuri Pumped Hydro Storage Project in Maharashtra. Awarded through a tariff-based competitive bidding process, the project will operate under a 40-year Pumped Storage Purchase agreement and is scheduled for commissioning by 2029. Developed under the Build, Own, Operate model, the facility will provide eight hours of energy storage to support peak power demand. The award strengthens Tata Power's long-duration energy storage portfolio, which forms part of its broader clean energy expansion and Net Zero 2045 strategy.Read more

22 Jul 2026

The Centre has allowed four companies with substantial ownership by entities from countries sharing a land border with India to participate in procurement bids for power projects for a two-year period beginning from June 24, 2026. The decision is subject to compliance with domestic content norms and comes with strict quality and cybersecurity safeguards. The government said the move is aimed at improving competition, ensuring price stability, addressing supply constraints, and supporting the objectives of the Atmanirbhar Bharat initiative, while maintaining national security through mandatory certification and testing.Read more

22 Jul 2026

Hut 8 has signed a second 15-year AI data centre lease worth USD 9.8 billion with an existing investment-grade customer, fully commercialising its 1-gigawatt Beacon Point campus in Texas. The agreement doubles the customer's contracted capacity at the site to 704 MW and raises the campus' base-term contract value to USD 19.6 billion. The company has expanded its total contracted AI data centre portfolio to 949 MW as demand for AI computing infrastructure continues to grow, supported by rising investments in advanced data centres worldwide.Read more

22 Jul 2026

Bondada Engineering has secured an order from NTPC Renewable Energy Ltd to develop a 100 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS) at Gujarat's Khavda Solar Park. The project, to be executed with Delectrik Systems Pvt Ltd as the technology partner, also includes a 10-year operations and maintenance contract. While the project value has not been disclosed, the order marks Bondada Engineering's entry into long-duration energy storage technologies and supports India's growing focus on strengthening renewable energy integration into the national power grid.Read more

22 Jul 2026

The International Financial Services Centres Authority (IFSCA) has released a consultation paper proposing to expand the list of overseas jurisdictions whose investment products can be distributed through GIFT City. The proposal would allow regulated distributors operating in GIFT IFSC to offer eligible investment products from additional international markets, including the European Union, the UAE, Singapore and Australia, subject to regulatory conditions. The move is aimed at broadening investment choices for eligible investors, strengthening GIFT City's position as an international financial services hub and aligning its distribution framework with global practices. IFSCA has invited public comments on the draft proposal before finalising the revised regulatory framework.Read more