32 minutes ago

UK-based brokerage Mojo Mortgages has reported strong growth and operational improvements through a hybrid advisory model combining human expertise with artificial intelligence, according to its chief executive Andy Oldham. Based on an analysis of Companies House data tracking brokers with revenues exceeding GBP 1 million between 2022 and 2024, the firm recorded a three-year compound annual growth rate of 102%, with revenues rising from GBP 3.5 million to GBP 14.2 million. The approach integrates automation tools across advisory functions, reducing administrative workloads and improving productivity. The model also supports faster customer processing and increased advisor capacity. The development reflects a broader shift within the UK mortgage sector towards technology-enabled advisory frameworks that balance digital efficiency with personalised guidance.Read more

1 hour ago

Mumbai has emerged as one of the world's most luxury car-focused cities, ranking seventh globally in a study analysing online search demand across 50 affluent urban markets. The research, conducted by premium automotive retailer Stratstone, assessed over 3.6 million monthly Google searches across leading luxury and hypercar brands. Mumbai recorded 129,940 monthly searches, making it the highest-ranking city in Asia. European cities dominated the list, with London, Paris and Milan taking the top three positions. The study also identified Porsche as the most searched luxury car brand globally, followed by Lamborghini and Ferrari. The findings reflect strong aspirational demand patterns in global urban centres, including high-density, high-income markets such as Mumbai.Read more

Bangalore News Desk

2 hours ago

Bengaluru is witnessing a slowdown in A-khata approvals, with only a small fraction of applications cleared despite a large base of eligible properties. Out of over 8,300 applications filed since the conversion process opened, just around 800 approvals have been granted, highlighting systemic bottlenecks. Missing documentation, including approved layout plans and access records, has emerged as a key hurdle, while high conversion charges linked to guidance value have deterred applicants. The issue affects an estimated 8.2 lakh B-khata properties awaiting regularisation. The delays continue to impact property transactions, financing and development activity, underlining structural challenges in Bengaluru's property record framework.Read more

3 hours ago

The PMLA Appellate Tribunal has provided major relief to developer Avinash Bhosale by setting aside most of the Enforcement Directorate's asset attachments in the Yes Bank DHFL case. While properties worth over INR 163 crore were earlier attached, the tribunal retained only around INR 25 crore linked to specific transactions. It found that several deals examined by the ED were older and not directly connected to the alleged offence. The case relates to Yes Bank's INR 3,700 crore investment in DHFL and the alleged diversion of funds through multiple entities.Read more

4 hours ago

The Odisha government has announced plans to convert roads leading to mining areas into 8-lane highways as part of a broader infrastructure push in mineral-rich districts. Chief Minister Mohan Charan Majhi made the announcement while laying the foundation stone for the INR 1,581.21 crore Barbil bypass-cum-ring road project in Keonjhar district. The 18.3-km project forms part of a wider programme that includes multiple infrastructure works, power projects, and industrial initiatives. The move is aimed at improving logistics efficiency, supporting mining-linked transportation, and strengthening connectivity between industrial clusters and ports. The plan also includes expediting the Barbil Paradip corridor and enhancing regional infrastructure to support large-scale investments and employment generation.Read more

5 hours ago

The Haryana Real Estate Regulatory Authority (HRERA) has ordered Vatika Ltd to pay approximately INR 62 lakh in compensation to homebuyers for failing to deliver a residential plot in Gurugram even after more than a decade. The ruling, issued in the past week, relates to a plot in Sector 85 under the Vatika India Next project, where possession promised earlier remained unfulfilled. HRERA found that the allotted plot was not part of the approved layout plan, making delivery unfeasible. The authority directed the developer to compensate buyers for financial loss and prolonged delay, reinforcing regulatory scrutiny over project compliance and timelines in the NCR real estate market.Read more

18 Apr 2026

The Chhattisgarh cabinet has approved a 50% reduction in land registration charges for properties registered in the name of women, aimed at promoting ownership and financial inclusion. The decision was taken during a cabinet meeting chaired by the chief minister in Nava Raipur. In a parallel move, the cabinet also approved a 25% concession in stamp duty for defence personnel, ex-servicemen and their widows for property purchases up to INR 25 lakh. The policy is expected to encourage property ownership among women, particularly in rural and semi-urban areas, despite an estimated revenue impact of around INR 153 crore. The measure reflects a targeted approach towards gender-focused asset ownership in the housing market.Read more

18 Apr 2026

Dubai's real estate market recorded AED 4.6 billion in net gains for investors in March, driven by 3,308 resale transactions valued at AED 15.39 billion. Data released by f&m Properties indicated that 89.5% of resale deals were profitable, with villas and plots leading returns. Rental activity remained strong, with 36,658 residential tenancy contracts worth AED 3.16 billion, two-thirds of which were renewals. Average residential rents rose 7% year-on-year, led by a 15.9% increase in villa rents. The data reflects sustained investor interest and stable end-user demand despite broader geopolitical uncertainties impacting the region.Read more

Delhi News Desk

18 Apr 2026

The Lieutenant Governor of Delhi has directed authorities to address civic and maintenance issues at Swabhiman Apartments, a DDA-developed housing project in Ashok Vihar. The intervention followed complaints from residents regarding seepage, waste management, lift malfunctions and security concerns. The project comprises 1,675 flats allotted under an in-situ rehabilitation scheme for slum dwellers. Officials have been instructed to take immediate corrective measures and ensure sustained upkeep of the complex. The move highlights growing concerns around post-occupancy maintenance in public housing projects and the need for coordinated action between multiple agencies responsible for operations and infrastructure.Read more

Ludhiana News Desk

18 Apr 2026

Real estate developers in Ludhiana have raised concerns over the rapid proliferation of illegal colonies, urging authorities to take stricter enforcement action to curb unregulated development. Industry stakeholders indicated that such colonies, often developed on agricultural land without approvals, are undermining compliant developers and eroding government revenues. They also flagged the absence of basic infrastructure and legal protections for buyers in these projects. The issue has gained urgency amid continued expansion of unauthorised layouts across the city, despite periodic demolition drives and FIRs against violators. Developers have called for early-stage intervention, tighter monitoring of land-use changes and stricter penalties to prevent further unplanned urban growth.Read more

18 Apr 2026

The Delhi Metro Rail Corporation (DMRC) organised a workshop on escalator safety, bringing together industry experts, officials and stakeholders to strengthen operational practices and public awareness. The session marked the conclusion of a week-long safety campaign focused on lifts and escalators across the metro network. Around 150 participants attended in person, with international original equipment manufacturers joining virtually. The workshop featured technical presentations and demonstrations, including virtual reality-based rescue training tools. The initiative reflects DMRC's continued focus on passenger safety and system reliability, particularly as metro networks expand and passenger volumes increase across urban transport systems.Read more

18 Apr 2026

Bain Capital has opened a new office in Abu Dhabi Global Market (ADGM), marking an expansion of its presence in the Middle East and reinforcing long-term engagement with regional investors. The office will act as a hub to support capital formation, portfolio company expansion, and potential direct investments across sectors such as healthcare, aviation, financial technology, and digital infrastructure. The move builds on the firm's longstanding relationships in the region and follows its partnership with the Abu Dhabi Investment Office under the FIDA cluster. The development reflects Abu Dhabi's growing role as a global financial centre, supported by regulatory stability, access to institutional capital, and increasing interest from international investment firms seeking regional growth opportunities.Read more

18 Apr 2026

The Central Bureau of Investigation (CBI) has registered a case against Ozone Projects Pvt Ltd, its executives and bank officials in connection with alleged corruption and cheating of homebuyers under a subvention scheme. The action follows directions from the Supreme Court as part of a wider probe into a builder bank nexus. The case pertains to projects where home loans were allegedly disbursed in buyers names, with developers failing to service pre-EMIs as agreed. The development is part of a broader crackdown, with multiple FIRs and searches across states targeting similar practices. The investigation focuses on fund diversion, regulatory violations and financial irregularities affecting homebuyers.Read more

18 Apr 2026

Brazil-based Ebanx has announced an expansion into Southeast Asia and adjacent markets, entering Thailand, Indonesia and Turkey while planning launches in Malaysia and Vietnam in the coming quarter. The move marks a strategic push beyond Latin America, where the firm has historically operated. Backed by Advent International and FTV Capital, Ebanx has seen rising international contribution, with 65% of gross profit generated outside Brazil in the past year. The expansion targets high-growth digital commerce markets with low credit card penetration, positioning the firm to support global merchants seeking localised payment solutions.Read more

18 Apr 2026

Industrial and warehousing demand across India's top eight cities reached 11 million sq ft in Q1 2026, reflecting a 22% year-on-year increase, according to Colliers. Third-party logistics (3PL) companies led activity, contributing around one-third of total leasing at approximately 3.5 million sq ft, with demand rising 1.8 times annually. Delhi NCR and Chennai together accounted for nearly half of overall absorption, while Bengaluru and Hyderabad recorded strong growth. New supply stood at 12.5 million sq ft, up 33% year-on-year, leading to a rise in vacancy levels to 16.7%. Despite near-term risks from global supply chain disruptions, long-term demand drivers remain supported by logistics expansion and policy-led manufacturing growth.Read more

Hyderabad News Desk

18 Apr 2026

Jeh Aerospace has entered into a long-term agreement with Liebherr-Aerospace & Transportation SAS to manufacture high-precision landing gear components for commercial aircraft. Production will take place at its Hyderabad facility, marking its integration into a global aerospace supply chain. The partnership reflects increasing global reliance on Indian manufacturers for critical aviation parts. Jeh Aerospace's track record of delivering over 200,000 flight-critical components without defects supported the deal, which is expected to strengthen India's role in precision aerospace manufacturing and long-term global programmes.Read more

18 Apr 2026

A Dubai-based developer recorded pre-construction sales worth USD 47 million for a 42-storey residential tower in Dubai Marina after opting for 3D architectural animations instead of a physical show home. The decision, taken in early 2023, reduced marketing costs significantly and shortened the project's go-to-market timeline. Within roughly three months of launch, 68% of units were sold before construction began, with a majority of buyers located overseas. The digital strategy involved producing multiple animated walkthroughs, covering unit variations, finishes, and surroundings, enabling remote decision-making. Industry comparisons cited in the case indicate faster conversion timelines and higher sales efficiency compared to traditional methods. The shift reflects a broader trend in global real estate markets where developers increasingly rely on digital visualisation tools to engage international buyers and optimise pre-sales.Read more

18 Apr 2026

SVR Srinivas, Managing Director of Amaravati Growth & Infrastructure Corporation Limited, reviewed the progress of key residential projects at the Amaravati Government Complex in the past week. The inspection covered MLA and MLC housing towers as well as Ministers bungalows being developed under the People's Capital initiative. He held discussions with contractors and engineering teams, stressing timely completion and adherence to quality standards. The review focused on strengthening coordination and monitoring mechanisms to ensure efficient execution and delivery as planned.Read more

18 Apr 2026

Enviro Infra Engineers Limited (EIEL) has strengthened its order book to over INR 4,600 crore following fresh project wins worth more than INR 2,240 crore since March 2026. The contracts span water, wastewater and renewable energy segments, including the company's entry into the battery energy storage system (BESS) space through NTPC projects totalling INR 1,070 crore. The execution pipeline is spread over 15&24 months, providing revenue visibility of approximately INR 2,000 crore for FY2027. With a diversified portfolio and expanding presence across states such as Bihar, Maharashtra and Telangana, the company continues to benefit from government-led infrastructure spending in water and renewable sectors.Read more

18 Apr 2026

Amaal has appointed CITIC Middle East Contracting LLC as the main contractor for the AED 1.8 billion MANSORY Residences, a 60-storey ultra-luxury residential tower in Dubai's Meydan Horizon masterplan. The project, positioned as the world's first MANSORY-branded residential development, is scheduled for completion by late 2028. Backed by CITIC Construction Co. Ltd, the contractor will undertake full turnkey execution, including structural works, MEP systems, and integration of smart home and automotive-focused features. The development comes amid sustained demand for high-value, design-led residential assets in Dubai, supported by strong investor activity and rising transaction volumes in the emirate's property market. The partnership also reflects broader UAE-China economic ties, with increasing cross-border investment and construction collaboration.Read more

18 Apr 2026

Srishti Group has introduced limited-period festive offers across its residential projects, Craft d Srishti in Nahur (West) and Srishti Oasis in Bhandup (West), aligned with the Akshaya Tritiya buying season. The scheme includes financial incentives such as zero GST, no floor rise charges, spot discounts, and a flexible payment plan, alongside a 10 gm gold coin for buyers. The developments are located along the Goregaon-Mulund Link Road (GMLR), a key infrastructure corridor expected to improve east west connectivity in Mumbai. The offer window remains open until the end of the current month, targeting both end-users and investors.Read more

18 Apr 2026

Noida International Airport (Jewar Airport) has installed over 6,000 low-emission, recyclable furniture units across its terminal and operational areas, marking one of the first large-scale deployments of such systems in India's airport infrastructure. Executed by AFC Furniture Solutions, the installation spans public seating, workstations and control desks across a 1,00,000 sq m facility. The furniture, designed with a 66% recyclability rate and lower carbon footprint, supports the airport's net-zero target. The project aligns with broader sustainability goals in airport design, where emissions reduction is being extended beyond core infrastructure to interior fit-outs and operational assets.Read more

18 Apr 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a public grievance redressal session at its headquarters in Rayapudi, Amaravati, where Commissioner V. Vijay Rama Raju, IAS, received petitions from farmers, residents and other stakeholders. Held in the past week, the session recorded a total of 30 grievances relating to land, planning and civic concerns within the capital region. Senior officials across engineering, planning, land administration, survey, legal and social development departments were present during the review. The Commissioner assessed each submission and instructed relevant departments to initiate prompt action to address the issues. The exercise forms part of APCRDA's ongoing administrative mechanism to engage with affected stakeholders and monitor grievance resolution within the Amaravati capital region development framework.Read more

18 Apr 2026

Drone-based land mapping under the SVAMITVA scheme has led to a 23% increase in sanctioned rural loan amounts, according to a working paper by the Economic Advisory Council to the Prime Minister. The initiative converts residential land parcels into verifiable assets, enabling villagers to use them as collateral for formal credit. The scheme, implemented by the government with support from the Survey of India, focuses on digitising rural land records through drone surveys. By providing legal property documentation, the programme has improved access to institutional finance, reduced land disputes, and strengthened rural economic participation. The development highlights the growing role of geospatial technology in formalising land ownership and unlocking credit flows in India's rural economy.Read more

18 Apr 2026

The Karnataka government is moving ahead with a housing initiative to develop planned residential layouts for Scheduled Caste and Scheduled Tribe communities, adopting a private developer-style model. The pilot will cover nearly 1,000 acres, with initial land parcels already identified in districts such as Belagavi, Ballari and Mysuru. Backed by an allocation of about INR 20 crore under the SCP/TSP scheme, the project focuses on delivering fully serviced plots with infrastructure in place before allotment, addressing long-standing gaps seen in earlier site distribution programmes.Read more

18 Apr 2026

Trehan IRIS's upcoming retail-led mixed-use project, IRIS Broadway GrenoWest, has been awarded Most Promising Upcoming Shopping Centre of the Year 2026-27 at the MAPIC India Shopping Centre Awards held earlier this month. Located in Greater Noida West, the project spans around 1 million sq ft and is designed as a fully air-conditioned retail and entertainment destination. Conceptualised by UK-based Benoy, the development features a large central atrium and integrated leisure offerings. The recognition highlights the project's positioning within India's evolving retail real estate landscape, where developers are focusing on experiential formats, mixed-use planning, and consumer-centric design to drive footfall and long-term asset value.Read more

18 Apr 2026

Land compensation has commenced for the long-pending railway projects connecting Jeypore with Nabarangpur and Malkangiri in Odisha, marking a key step forward after nearly a decade of delays. The projects, announced in the Union Budget 2016-17, involve a 42-km Jeypore Nabarangpur line and a 130-km Jeypore Malkangiri corridor. Authorities have initiated disbursement of compensation funds across multiple villages in Koraput district, with INR 37 crore released for affected areas. The projects require land acquisition across dozens of villages and are aimed at improving connectivity in tribal and remote regions. The move is expected to accelerate stalled execution timelines and support broader infrastructure development in southern Odisha.Read more

18 Apr 2026

The lease for the Consumer Financial Protection Bureau's headquarters in Washington has been terminated by a U.S. Treasury bank regulation agency, with the property set to be handed over to the federal government's central real estate management body. The decision comes amid continued uncertainty over the Trump administration's long-standing stance on the agency, which was created after the 2008 financial crisis to oversee consumer financial services. The move also follows earlier attempts to scale down the bureau's operations, workforce, and physical presence in the capital, raising questions about its future structure and functioning.Read more

18 Apr 2026

Crietor Group has launched The Skye, a luxury residential development in Kozhikode, Kerala, with a total project value of approximately INR 250 crore. Spread across 10 acres at Kashmir Kunnu, the project will comprise 62 villas with plot sizes ranging from 7 to 12 cents and built-up areas between 3,200 sq ft and 5,700 sq ft. Prices start from INR 2.6 crore, excluding statutory charges. The development includes a 22,000 sq ft clubhouse, recreational amenities, and internal infrastructure designed for low-density living. The company has also appointed Shriya Saran as brand ambassador, reflecting its positioning in the premium housing segment.Read more

18 Apr 2026

Accor and Contact Developments have signed an agreement to develop the Pullman New Capital Hotel & Residences in Egypt's New Administrative Capital, marking the debut of the Pullman brand in Cairo. The mixed-use project will comprise a 150-key five-star hotel and 100 branded residences, located along Mohammed Bin Zayed Road overlooking the Green River. The development reflects growing demand for integrated hospitality and residential assets in emerging urban centres and aligns with Egypt's Vision 2030. The project also marks Contact Developments entry into the hospitality sector while strengthening Accor's expansion in the Middle East and Africa region.Read more

18 Apr 2026

Noida and Ghaziabad have transitioned from peripheral extensions of Delhi NCR into established luxury residential markets, supported by early developer investments and infrastructure-led growth. Key corridors such as the Noida Expressway and the FNG Expressway have enabled premium developments across micro-markets including Sector 150, Sector 144, Noida Extension, and Siddharth Vihar. Developers such as Gulshan Group, Nimbus Group, Prateek Group, County Group, and Experion Developers have played a central role in shaping these markets through early entry and premium positioning. The region also recorded 9,677 new residential unit launches in Q1 2026, reflecting a 26% year-on-year increase and sustained demand for high-value housing.Read more

18 Apr 2026

Authorities have imposed strict timelines for completing drainage and urban infrastructure works to prevent waterlogging during the upcoming monsoon season. The directives include desilting of drains, repair of damaged sewer lines, and clearance of encroachments across identified flood-prone zones. The move follows recurring incidents of urban flooding in previous years, prompting agencies to prioritise time-bound execution of pre-monsoon works. Officials have been instructed to ensure coordination across departments and complete all critical interventions before the onset of heavy rainfall. The initiative is aimed at improving stormwater management capacity, reducing disruption to urban mobility, and strengthening resilience in vulnerable areas through targeted infrastructure upgrades.Read more

18 Apr 2026

India�s annual infrastructure spending has increased more than six-fold since 2014, crossing INR 12 lakh crore, Prime Minister Narendra Modi stated while inaugurating the Delhi�Dehradun Expressway. The expenditure, which stood at below INR 2 lakh crore annually before 2014, has expanded significantly as part of the government�s focus on roads, railways, logistics, and urban infrastructure. The Prime Minister highlighted that projects worth over INR 2.25 lakh crore are currently underway in Uttarakhand alone. The expressway project, built at a cost of INR 12,000 crore, is expected to reduce travel time and logistics costs. The infrastructure push is positioned as a key driver of economic growth, improved connectivity, and regional development across the country.Read more

18 Apr 2026

The Jharkhand State Housing Board (JSHB) has directed the cancellation of trade licences issued to commercial establishments operating within residential colonies in Ranchi, following regulatory directions to enforce land-use norms. The move, reported in the past week, affects areas such as Bariatu, Argora and Harmu, where large-scale commercial activity has emerged over time. The action is aligned with a Supreme Court directive requiring states to identify and act against unauthorised commercial use in residential zones. Municipal authorities have begun surveys and issued notices, while halting new licence approvals. The decision has raised concerns among traders, many of whom depend on these establishments for livelihood, and highlights the challenges of balancing zoning compliance with evolving urban economic activity.Read more

17 Apr 2026

India's infrastructure expansion is leading to increased demand for digital twin technology, according to Bentley Systems. The company noted that large and complex projects across transport, utilities and urban development are encouraging the use of data-driven tools. Digital twins help improve planning, execution and long-term asset management through real-time monitoring and predictive insights. Interest is rising among both government bodies and private developers. However, issues such as data integration, lack of standardisation and shortage of skilled professionals continue to limit faster adoption across the sector.Read more

17 Apr 2026

The government of Sweden disclosed that a pro-Russian cyber group attempted to disrupt operations at a thermal power plant in western Sweden during the past year, though the attack was unsuccessful due to built-in safeguards. Authorities indicated that the actor had links to Russian intelligence services. The incident reflects a broader increase in hybrid attacks targeting European infrastructure following the Russia's invasion of Ukraine. While no damage occurred, officials highlighted growing risks to critical energy assets, noting a shift from basic disruption tactics towards more destructive cyber capabilities across the region.Read more

17 Apr 2026

The 125-km Rishikesh-Karnaprayag rail project in Uttarakhand is now expected to be completed by 2028, with Railway Board Chairman Satish Kumar confirming a revised timeline. The project, sanctioned in 2016 and executed by Rail Vikas Nigam Limited (RVNL), was earlier targeted for commissioning by end-2026. The rail corridor, which passes through five districts including Dehradun and Rudraprayag, is designed to enhance connectivity to key religious and tourist destinations such as Devprayag and Karnaprayag. It also features India's longest transportation tunnel at 14.58 km and includes 19 major bridges. The revised timeline reflects execution challenges in difficult terrain while maintaining progress on tunnelling and bridge construction.Read more

17 Apr 2026

Muthoot Finance has raised INR 30 billion through a bond issuance with a tenure of three years and two months, according to bankers involved in the transaction. The non-banking financial company has priced the bonds at an annual coupon of 8.45%. The issue attracted investor participation following the opening of commitment bids. The bonds carry an AA+ rating from CRISIL and ICRA, indicating high credit quality. The fundraising reflects continued activity in India's corporate debt market, with NBFCs tapping bond markets to secure medium-term funding amid stable interest rate conditions.Read more

17 Apr 2026

Over 45,700 residential properties in Nashik are being occupied without mandatory building completion and occupancy certificates from the Nashik Municipal Corporation. Identified largely during a past property survey, these units have already been brought under the tax net despite non-compliance. The highest concentration is seen in Nashik Road, Panchavati and Cidco areas. The city's total property base has grown sharply in recent years, driven by redevelopment and urban expansion. The situation highlights gaps in enforcement, even as civic authorities continue to collect revenue from such properties.Read more

17 Apr 2026

Swedish Logistic Property AB reported a strong start to the year with a notable increase in rental and operating income. Rental income rose by 26% year-on-year, supported by portfolio expansion and stable demand for logistics assets. Net operating income also recorded a similar growth trend. The company has been consistently strengthening its position in the Nordic logistics market, benefiting from long-term leases and tenant demand driven by e-commerce and supply chain optimisation.Read more

17 Apr 2026

Diamond Power Infrastructure Ltd has secured a letter of intent from Adani Electricity Mumbai Ltd for the supply of power cables valued at INR 45.47 crore, inclusive of GST. The contract is scheduled for execution over a one-year period from May 2026 to May 2027. The company clarified that the transaction does not qualify as a related party deal. The order reflects ongoing procurement activity in Mumbai's power distribution network, where utilities continue to invest in infrastructure upgrades and capacity augmentation to support rising electricity demand across the metropolitan region.Read more

Indore News Desk

17 Apr 2026

The Indore Municipal Corporation intensified its action against illegal colonies by demolishing 16 unauthorised row houses in Anjani Nagar and Jagdish Nagar. The constructions were carried out without approvals and included illegal internal infrastructure such as roads and drainage. The civic body also raised concerns over fraudulent sales, where such properties are sold to unaware buyers. The action is part of a wider effort to control unplanned growth, as several unauthorised colonies in the city continue to face scrutiny due to lack of clear titles and planning violations.Read more

17 Apr 2026

Kalpataru Ltd has recorded a 6% year-on-year increase in sales bookings to INR 1,833 crore for the fourth quarter of FY26, compared to INR 1,724 crore in the corresponding period last year. For the full financial year, the Mumbai-based developer reported a 17% rise in pre-sales to INR 5,280 crore from INR 4,531 crore in FY25. The growth reflects sustained housing demand across key markets where the company operates. The performance underscores continued momentum in residential sales despite varying market conditions through the fiscal year.Read more

17 Apr 2026

BasisBank, owned by China-based Hualing Group, has acquired a 95.99% controlling stake in Liberty Bank, the third-largest bank in Georgia by assets. The transaction strengthens the acquirer's presence in the South Caucasus banking sector and aligns with increasing economic engagement between Georgia and China. Liberty Bank held a 5.5% market share as of mid-2025. The deal forms part of Hualing Group's broader strategy of expanding its financial services footprint in Georgia, where bilateral trade with China has seen steady growth in recent years.Read more

Goa News Desk

17 Apr 2026

The Goa government has initiated a INR 150 crore programme to rectify accident-prone black spots across key national highways, with funding support from the Ministry of Road Transport and Highways. The initiative includes engineering interventions such as flyovers, underpasses, slope protection, and junction redesign to improve road safety and traffic flow. Works are underway at multiple locations, including Dhargalim on NH-66, Verna Nuvem, and stretches in Ponda and Vasco. The programme follows safety concerns flagged during earlier inspections and aims to eliminate identified high-risk zones by 2026. The move is part of a broader push to strengthen highway safety infrastructure in the state amid rising traffic volumes and accident incidents.Read more

17 Apr 2026

EaseMyTrip has entered into multiple strategic agreements with corporate and institutional partners in Brazil to expand its footprint in the Latin American travel market. The company has signed MoUs with organisations including AGK Corretora de Cmbio, Neo Sector, AMVALE, DATAGRO, X3 Brazil, and Lummio Technologia. The partnerships are aimed at strengthening its presence in Brazil's corporate travel segment, supported by growing digital adoption and structured travel procurement systems. The move aligns with EaseMyTrip's international expansion strategy, focusing on tapping business travel demand and building local engagement through technology-led solutions in one of the region's largest travel economies.Read more

17 Apr 2026

Stegra has raised around USD 1.7 billion to complete its hydrogen-based steel plant in northern Sweden, strengthening one of Europe's key green industrial projects. The funding, led by the Wallenberg family along with global investors like Temasek and IMAS, will support construction, cover rising costs, and provide financial stability. The project has faced delays due to challenges in scaling green hydrogen and cost pressures. Despite this, investor participation indicates continued confidence in low-emission steel production and long-term industrial decarbonisation efforts.Read more

17 Apr 2026

Brigade Enterprises Ltd has signed a joint development agreement for an 8.63-acre land parcel in Gunjur, East Bengaluru, as part of a larger 39-acre integrated residential township planned in the Whitefield Sarjapur corridor. The project is estimated to generate a gross development value (GDV) of approximately INR 7,200 crore. The township will be developed through a mix of outright land purchases and joint development agreements. The location has seen sustained residential demand driven by infrastructure upgrades, connectivity improvements, and proximity to key employment hubs, making it a significant micro-market in Bengaluru's eastern growth corridor.Read more

17 Apr 2026

The National Highways Authority of India (NHAI) has directed all FASTag issuer banks to immediately validate vehicle registration numbers (VRNs) linked to FASTags to address data inconsistencies in the electronic toll collection system. The move follows complaints of mismatches between FASTag-captured VRNs and actual vehicle number plates, raising concerns over enforcement gaps and potential revenue leakage. NHAI noted that many discrepancies relate to FASTags issued before integration with the VAHAN database, when verification processes were limited. Banks have been instructed to verify issued FASTags and blacklist those linked to incorrect or invalid VRNs. The directive gains importance as India prepares to implement Multi-Lane Free Flow (MLFF) tolling, which relies on accurate vehicle identification for enforcement and penalty issuance.Read more

Mumbai News Desk

17 Apr 2026

Authorities have issued eviction notices to residents of seven slum settlements in Dharavi's Sector 6, asking them to vacate ahead of the monsoon to facilitate redevelopment works. Around 3,500 households on railway land in Matunga have been asked to relocate to enable construction of 10 rehabilitation buildings planned under the Dharavi Redevelopment Project (DRP), which aims to house nearly 11,000 families. The land has been incorporated into the notified redevelopment area, with officials stating that early clearance is necessary to begin construction. Residents and activists have raised concerns over lack of clarity on rehabilitation timelines, eligibility and long-term housing arrangements, despite short-term rental compensation being offered.Read more