6 minutes ago

• Hitachi Construction Machinery Co Ltd plans to change its corporate name to Landcros Corp from April 1, 2027.
• The rebranding marks a major identity shift for the global construction and mining equipment manufacturer.
• The company has not announced any operational or management changes linked to the new name.
• Hitachi Construction Machinery has a strong international presence, including in infrastructure and mining markets across Asia and India.
• The move comes as global industrial companies increasingly focus on independent branding, technology upgrades and long-term business repositioning.Read more

36 minutes ago

• Life Insurance Corporation of India (LIC) reported a net profit of INR 23,420 crore in the March quarter of FY26, making it the most profitable entity in India’s financial sector.
• The state-owned insurer also retained its position as the highest profit-making Central Public Sector Enterprise (CPSE) during the fourth quarter.
• It was followed by State Bank of India (INR 19,684 crore) and HDFC Bank (INR 19,221 crore) in quarterly profitability.
• LIC’s Assets Under Management rose to INR 57,29,396 crore as of March 2026, reflecting steady growth across its portfolio.Read more

1 hour ago

Brihanmumbai Municipal Corporation has initiated the process to raise INR 1,000 crore through municipal bonds in FY27 to support its urban infrastructure funding requirements. The issuance forms part of the civic body’s broader strategy to use market-based borrowing for financing ongoing and planned infrastructure projects across Mumbai. Backed by its strong credit profile and AAA rating, the BMC continues to tap capital markets to diversify funding sources and meet rising capital expenditure needs in India’s financial capital.Read more

1 hour ago

BPTP Ltd announced an investment of INR 1,200 crore to develop its luxury residential project, Downtown 66, located in Sector 66, Gurugram. The project will include 504 apartments and is being funded mainly through internal accruals. Construction work has already begun, with completion expected in the next four years. The company is targeting revenue of over INR 2,500 crore from the development, with apartment prices starting at INR 5.32 crore. It also recently launched Skynest in Greater Faridabad with an investment of INR 1,100 crore amid rising demand in the NCR housing market.Read more

2 hours ago

• RL Commercial REIT Inc confirmed that it is evaluating possible assets for infusion into the company.
• The company did not disclose details regarding the assets, valuation or timeline for any potential transaction.
• The move reflects ongoing expansion and portfolio growth efforts within the REIT sector.
• RL Commercial REIT mainly holds office properties in the Philippines, including assets leased to corporate and BPO tenants.
• Market participants are closely monitoring REIT acquisition pipelines amid evolving office market conditions and interest rate trends.Read more

2 hours ago

MCGM has floated a tender for appointment of a triennial contractor to undertake conservation, cleaning, security and operational maintenance of monuments and heritage structures across Mumbai’s Fort Heritage Precinct. The scope covers restoration of fountains, statues, pyaavs, landscaping, electrical systems and round-the-clock security arrangements for key heritage assets including Flora Fountain and Fitzgerald Fountain. The civic body has also laid down detailed financial, technical and contractual conditions related to deposits, performance guarantees, maintenance obligations and defect liability responsibilities for contractors participating in the project.Read more

3 hours ago

• Telangana government has secured INR 13,600 crore refinancing from Indian Railway Finance Corporation (IRFC) for the Hyderabad Metro Rail project.
• The refinancing will replace high-cost debt and improve the metro project’s long-term financial stability.
• The agreement was signed between IRFC, L&T Metro Rail (Hyderabad) Ltd and Hyderabad Metro Rail Limited (HMRL).
• The move comes after the Telangana government recently took complete ownership control of the Hyderabad Metro project through HMRL.
• Hyderabad Metro’s 69.2-km Phase-I network currently serves around five lakh passengers daily across three corridors.Read more

3 hours ago

• Eldeco Housing and Industries has approved its audited standalone and consolidated financial results for FY26 at its board meeting held on May 25.
• The company received unmodified audit opinions from statutory auditors for both standalone and consolidated financial statements under SEBI listing regulations.
• Eldeco’s consolidated operations include an extensive network of wholly owned subsidiaries engaged in real estate, housing and infrastructure development projects across multiple regions in India.Read more

4 hours ago

• Utopia Real Estate Investment and Tourism reported a Q1 net profit after tax of EGP 9.1 million.
• The company posted quarterly revenue of EGP 13.8 million during the same period.
• The earnings update reflects ongoing activity in Egypt’s real estate and tourism sectors.
• Property and tourism-linked firms in Egypt continue to face inflationary and financing cost pressures while maintaining operations.
• Investors are closely tracking quarterly performances of listed real estate companies to assess market demand and revenue trends.Read more

4 hours ago

• Supreme Court directed the proposed Aravalli expert committee to consult environmentalists, scientists and stakeholders before finalising the definition of the Aravalli Hills.
• The court said the panel should remain small and manageable while allowing wider consultations during the review process.
• The matter is linked to concerns over mining activity and environmental protection across Rajasthan, Haryana, Delhi and Gujarat.
• The apex court had earlier kept its previous Aravalli definition order in abeyance after objections from environmental groups and researchers.
• Restrictions on fresh mining leases and renewals in the Aravalli region continue until further orders from the court.Read more

5 hours ago

• Maharashtra Chief Minister Devendra Fadnavis said the proposed Samruddhi Expressway extension is expected to improve economic activity and connectivity in eastern Maharashtra.
• The expansion is likely to connect districts such as Gadchiroli, Chandrapur and Gondia with the state’s larger road and logistics network.
• The Samruddhi Mahamarg has already reduced travel time between Mumbai and Nagpur from nearly 16 hours to around eight hours.
• The state government is positioning the expressway corridor as a major infrastructure and industrial development route with logistics parks, warehousing hubs and manufacturing clusters planned along the network.
• The project forms part of Maharashtra’s larger infrastructure push involving highways, ports, industrial corridors and freight connectivity projects.Read more

5 hours ago

Flexible workspace operator Awfis Space Solutions Ltd reported a sharp rise in consolidated net profit for the March quarter, supported by higher demand for managed office spaces across key cities. The company’s revenue also recorded healthy growth during the quarter and the full financial year. Awfis continued to benefit from expansion in the co-working and flexible office segment as companies increasingly adopted hybrid working models and managed workspace solutions. The firm, which operates across 18 cities with over 250 centres, has been steadily expanding its footprint amid rising demand from startups, enterprises and global capability centres.Read more

6 hours ago

• The Bombay High Court has directed removal of roadside stalls obstructing Mumbai Metro Line 2-B construction in K/West ward.
• The court stated that public infrastructure projects cannot be delayed due to objections from a few private occupants.
• MCGM has been permitted to demolish the structures and hand over the site to MMRDA if the stalls are not vacated within the court timeline.Read more

6 hours ago

• Ajmera Realty & Infra India approved its audited standalone and consolidated financial results for FY26 at a board meeting held in Mumbai.
• The company has recommended a final dividend of Re 1 per equity share for FY26, subject to shareholder approval at the upcoming AGM.
• Ajmera Realty reported growth in consolidated net profit, total comprehensive income and net worth during FY26 while maintaining an unmodified audit opinion on its financial statements.Read more

7 hours ago

• Centerbridge Partners is reportedly in discussions to acquire a stake in US-based real estate company Merritt Properties, according to a Financial Times report.
• The potential transaction could value Merritt Properties at nearly USD 3 billion.
• Merritt Properties has a significant portfolio of industrial, warehouse, office and flex-space assets across the United States.
• The talks reflect continued investor interest in stable, income-generating commercial real estate assets despite recent market challenges.
• The reported deal also highlights increasing private equity activity in industrial and logistics-focused real estate platforms.Read more

7 hours ago

• Reliance Infrastructure reports consolidated net profit of INR 918.07 crore in Q4 FY26, down sharply from INR 4,387.08 crore a year earlier
• Revenue and total income decline marginally to INR 4,154.34 crore in the March quarter, reflecting weaker operating performance
• Rising expenses, particularly higher power purchase costs, weigh on profitability during the reporting period
• Company appoints new CEO and CFO as part of senior management restructuringRead more

8 hours ago

Brigade Enterprises has signed a joint development agreement to develop a premium housing project in Kompally, Hyderabad, with an estimated revenue potential of INR 850 crore. The project will be developed on a 5.6-acre land parcel as the company continues to strengthen its residential portfolio in Hyderabad. Brigade Enterprises also reiterated its plan to invest nearly INR 5,000 crore across residential, commercial, retail and hospitality projects over the next three to four years. Hyderabad remains a key market for the Bengaluru-based developer due to rising housing demand, infrastructure growth and steady real estate activity across premium residential segments.Read more

8 hours ago

Western Railway has cleared nearly 1,500 sq m of encroached land between Goregaon and Malad stations after the Bombay High Court declined relief to occupants challenging eviction proceedings. The demolition drive covered railway land near Chincholi Phatak, Haji Bapu Road, Dhobi Ghat and Govind Nagar in Malad (East), where 36 hard and 24 soft encroachments were removed. Court records showed that the structures were classified as unauthorised constructions on railway property, with petitions filed by 25 occupants seeking rehabilitation protection under Mumbai Urban Transport Project (MUTP) policies. The High Court observed that the petitioners failed to establish legal ownership, tenancy or enforceable rights over the land, allowing railway authorities to proceed with eviction and demolition operations.Read more

9 hours ago

Tamdeen Real Estate has announced that one of its subsidiaries has signed a contract for the design of a new hotel complex planned on company-owned land in the Dasman area of Kuwait. The contract is valued at nearly KWD 3.5 million and marks another step in the company’s hospitality and mixed-use development strategy. The project is expected to strengthen Tamdeen’s presence in Kuwait’s real estate and tourism-related segments, where developers have been increasing investments in hospitality assets amid growing demand for premium accommodation and commercial infrastructure.Read more

9 hours ago

• Housing sales across 75 major Indian cities fell 1% to 7,09,793 units in FY26, according to Liases Foras.
• Total residential sales value increased 16% year-on-year to INR 9.33 lakh crore due to higher property prices and demand for premium homes.
• New housing supply rose 10% to 6,20,842 units, while unsold inventory increased 13% to nearly 12 lakh units.
• Mumbai Metropolitan Region remained the country’s largest housing market with 23.7% share of total sales, followed by Bengaluru.
• Pune recorded a sharp 25% decline in annual housing sales despite having one of the highest residential supplies among major cities.Read more

10 hours ago

States will be able to submit applications from June 1 under the INR 33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) scheme to develop 100 plug-and-play industrial parks across India over 2026–27 to 2031–32. The first phase will select 50 proposals through two rounds of evaluation, with up to 20 projects expected in the first round ending July 31, 2026. The scheme, approved by the Union Cabinet on March 18, aims to create investment-ready industrial infrastructure with defined land and connectivity norms.Read more

10 hours ago

• SAMHI Hotels reported a net profit of INR 566.54 crore for FY26, supported by improved hotel performance, portfolio expansion and sustained travel demand.
• The company continued to strengthen its presence across key business and leisure hospitality markets while expanding strategic partnerships and acquisitions.
• SAMHI also advanced new growth initiatives, including a large hotel project in Navi Mumbai and expansion into experiential hospitality through its investment in RARE India.Read more

11 hours ago

• Redco Properties Group Ltd announced that China Billion International will acquire 48 million shares of Redco Healthy.
• The transaction is valued at HKD 45.12 million, according to the company’s exchange filing.
• The deal is part of ongoing portfolio and investment management efforts by Chinese property companies.
• Chinese developers have increasingly focused on liquidity management, restructuring and non-core asset adjustments amid market challenges.
• Redco Healthy represents the group’s diversification into healthcare and wellness-related business segments beyond traditional real estate operations.Read more

11 hours ago

The Reserve Bank of India (RBI) has imposed monetary penalties on City Union Bank, Mintifi Finserve, and Newa Investments for non-compliance with regulatory directions. City Union Bank was fined INR 10.10 lakh for charging loan-related fees on certain priority sector agricultural loans and for failing to report self-help group member-level data to credit information companies. Mintifi Finserve was penalised INR 3.10 lakh for delays in uploading KYC records to the central registry. Newa Investments was fined INR 2.70 lakh for governance-related violations involving changes in its board structure without prior RBI approval.Read more

12 hours ago

Industry body ASSOCHAM has stated that India is better positioned to manage retail inflation compared to other top 10 global economies, even as West Asia tensions continue to disrupt global energy markets. It has recommended that the Reserve Bank of India maintain the repo rate in its upcoming June monetary policy review while supporting MSMEs through liquidity, interest subvention and moratorium measures. ASSOCHAM noted India’s inflation rose marginally from 3.2 per cent in February 2026 to 3.5 per cent in April 2026, remaining significantly lower than sharper increases seen in the US during the same period.Read more

12 hours ago

• Union Minister Nitin Gadkari reviewed national highway projects in Rajasthan and Himachal Pradesh this week.
• The review covered 10,064 km of highways in Rajasthan and 1,947 km in Himachal Pradesh, focusing on quality and maintenance standards.
• He directed officials to strengthen monsoon preparedness through drainage management, slope protection, and preventive maintenance measures.
• Emphasis was placed on timely execution of projects and the use of advanced construction technologies.
• The discussions highlighted the importance of highway infrastructure in improving connectivity, mobility, and economic activity.Read more

13 hours ago

• Shriram Properties Ltd reported a 65 per cent rise in consolidated net profit to INR 78.53 crore for the quarter ended March 31, compared with INR 47.66 crore a year earlier.
• The growth was driven by higher income, supported by steady demand in the housing segment across key markets.
• Total quarterly income increased to INR 662.73 crore from INR 427.51 crore in the corresponding period of the previous year.
• For fiscal 2025–26, net profit rose to INR 100.81 crore, while total income climbed to INR 1,356.93 crore.
• The company continues to expand its presence with a large project pipeline across Bengaluru, Chennai, Pune and West Bengal.Read more

13 hours ago

Creast Mark for Contracting and Real Estate Development reported a net profit after tax of EGP 45 million for the first quarter of the current financial year, reflecting steady performance in its contracting and real estate operations. The company also posted net revenue of EGP 88.2 million during the quarter. The latest earnings update indicates continued activity across Egypt’s construction and property sectors, which have remained active despite inflationary pressures and changing financing conditions in the market. The company has been focusing on strengthening project execution and maintaining revenue generation through its ongoing development and contracting business.Read more

14 hours ago

• NTPC reported a strong increase in quarterly and annual consolidated profit for FY26 despite a marginal decline in total income during the March quarter.
• Growth in joint venture earnings and subsidiary performance supported the company’s overall financial results during the year.
• NTPC’s coal-based power plants recorded higher operational efficiency compared to the national average Plant Load Factor during FY26.Read more

14 hours ago

Rescue teams in the Philippines continued search operations for a second day after a multi-storey building under construction collapsed in Angeles city near Manila. Authorities confirmed that four people had died while 17 remained missing, most of them construction workers feared trapped under the debris. Rescue teams used manual methods, K9 units and thermal scanners to locate survivors as unstable conditions prevented the use of heavy machinery. Families of missing workers expressed frustration over limited updates from officials. Investigators have started examining the cause of the collapse, while labour authorities revealed that the site had previously faced safety-related violations and a temporary work stoppage order in 2025.Read more

15 hours ago

Mumbai Metropolitan Region Development Authority is preparing to resume Mumbai monorail services after an eight-month suspension, with final safety trials scheduled this week. Operations were halted following a fire incident and technical issues linked to signalling and communication systems. Authorities said testing and certification processes are in the final stages, with mandatory safety clearances awaited before commercial operations restart. The resumption is expected to restore connectivity across key eastern Mumbai corridors and address long-pending commuter disruptions caused by the shutdown.Read more

16 hours ago

The Income Tax Department organised an outreach programme under ‘PRARAMBH-2026’ in Thane to create awareness about provisions of the Income Tax Act 2025 among taxpayers and financial stakeholders. The event, conducted by the office of the Principal Commissioner of Income Tax-1, Thane, witnessed participation from more than 350 taxpayers, industry representatives, chartered accountants and cooperative banks. Sessions focused on key provisions including the new ‘Tax Year’ concept, return filing procedures and revised TDS/TCS frameworks aimed at improving taxpayer convenience and reducing compliance requirements.Read more

17 hours ago

• Cement companies expect industry growth of 7–8 per cent in FY27, driven by infrastructure spending, housing demand and urbanisation
• Firms including UltraTech Cement, Ambuja Cements, Shree Cement, Dalmia Bharat and Nuvoco Vistas remain optimistic on medium-term demand outlook
• Sector faces near-term headwinds from higher fuel costs, freight expenses and geopolitical tensions in West Asia impacting margins
• Companies step up capital expenditure and focus on premiumisation to offset cost pressures and improve realisationsRead more

18 hours ago

AU Real Estate has announced plans to invest INR 1,200 crore in a new residential development in Ghaziabad, Uttar Pradesh. The company has introduced a 5.6-acre housing project named Cosmos Corner in Siddharth Vihar, which will include around 831 residential units. The project is expected to generate an estimated revenue potential of INR 1,600 crore upon completion. The company highlighted the growing appeal of Siddharth Vihar in the NCR housing market. The development is part of AU Real Estate’s ongoing expansion across the Delhi-NCR region with multiple residential projects in progress.Read more

19 hours ago

• RBI announces four-day variable rate repo (VRR) auction of INR 1.50 lakh crore scheduled for May 25.
• Funds will be reversed on May 29, with bidding window set between 9:30 am and 10:00 am.
• Banking system liquidity surplus has narrowed sharply due to recent GST-related outflows.
• Overnight call money rates have risen above the repo rate, prompting additional liquidity infusion measures.Read more

20 hours ago

• HeidelbergCement India Ltd reported a 10.38 per cent decline in net profit to INR 45.21 crore in the March quarter of FY26, compared to INR 50.45 crore in the same period last year, mainly due to lower sales realisation.
• Revenue from operations increased 5.5 per cent to INR 646.22 crore, supported by a 7.8 per cent rise in sales volume, though prices fell by 2 per cent.
• EBITDA per tonne declined 10 per cent to INR 649, while total expenses rose 5.9 per cent year-on-year to INR 586.77 crore.
• For FY26, net profit rose 25.5 per cent to INR 133.97 crore and revenue increased 7.6 per cent to INR 2,361.27 crore.
• The board recommended a 70 per cent dividend, amounting to INR 7 per equity share for FY26.Read more

21 hours ago

Qatar Holding LLC, affiliated with the Qatar Investment Authority, has sold a 0.40% stake in Adani Energy Solutions for around INR 643 crore through an open market transaction. Birla Mutual Fund acquired the shares at an average price of INR 1,339 apiece. The transaction comes shortly after Adani Energy Solutions reported growth in quarterly revenue and a sharp rise in full-year profit for FY26, supported by higher operational income across its energy transmission and infrastructure business segments.Read more

22 hours ago

Suzlon Energy reported a 5.6 per cent decline in consolidated net profit to INR 1,114 crore in the March quarter of FY26, mainly due to lower deferred tax benefits compared to the previous year. However, the company posted strong growth in revenue, which rose significantly on a yearly basis. For the full FY26 period, both profit and revenue showed notable improvement, supported by higher execution in wind turbine deliveries and a strong order book. The company also highlighted steady demand from public sector and commercial & industrial customers, along with improved cash position and operational performance.Read more

23 hours ago

Government of Bihar has sought an additional INR 1,600 crore from the Centre for implementation of the Pradhan Mantri Awas Yojana-Gramin scheme. The state said the funds are required to accelerate construction of rural houses, support eligible beneficiaries and clear pending liabilities under the programme. Bihar’s request comes amid continued demand for affordable rural housing and ongoing efforts to improve housing coverage across districts through centrally sponsored housing initiatives.Read more

26 May 2026

• The Delhi government is planning a major modernisation of property registration services through digital upgrades and infrastructure revamps at sub-registrar offices.
• Proposed reforms include online appointments, token-based systems, digital verification mechanisms and upgraded public service facilities.
• The initiative aims to reduce delays, improve transparency and curb fraud in property registration and ownership transactions across the capital.Read more

26 May 2026

• Rajasthan and the Centre have invited investors to expand electronics and semiconductor manufacturing in the state with policy support and infrastructure incentives.
• The state highlighted development of semiconductor clusters, industrial corridors and integrated manufacturing ecosystems across key regions.
• Officials stated that semiconductor and electronics investments are expected to strengthen industrial growth, domestic manufacturing capacity and employment generation in Rajasthan.Read more

26 May 2026

• NCRTC invites e-tender bids for licensing 818 sq m of commercial space at Sarai Kale Khan Namo Bharat station.
• Spaces to be leased for 9–15 years for retail, food and beverage, and commuter-oriented services.
• Initiative is part of developing station areas into integrated, transit-oriented urban hubs.
• Sarai Kale Khan station is a key multi-modal interchange on the 82-km Delhi–Meerut RRTS corridor.Read more

26 May 2026

• Uzbekistan offers incentives for fintech, AI and digital infrastructure firms, including preferential tax regimes and special economic zones
• Deputy Minister Shokhrukh Gulamov highlights policy push for joint ventures, public-private partnerships and digital infrastructure development
• India–Uzbekistan trade reached USD 1.317 billion in 2025, rising 33.3 per cent year-on-year with strong import-export growth
• 397 Indian-invested enterprises now operate in Uzbekistan as bilateral investment and connectivity deepen across sectorsRead more

26 May 2026

Realty firm Knowledge Realty Trust (KRT), sponsored by Sattva Group and Blackstone, will invest INR 700 crore over the next three years to develop 1.4 million sq ft of office space in Bengaluru. The REIT, which holds a 46.5 million sq ft portfolio across six cities, is also pursuing acquisitions for inorganic expansion. The company reported strong leasing momentum, 92 per cent occupancy, and rising net operating income, driven largely by demand from global capability centres.Read more

26 May 2026

A sharp rise in US Treasury yields has triggered heavy hedging activity among mortgage-backed securities (MBS) investors, adding pressure to the ongoing bond market selloff. Investors managing mortgage-linked portfolios have been selling Treasury futures to reduce risk as higher interest rates slow refinancing activity and extend the duration of mortgage assets. Analysts said the recent volatility has become more disruptive than previous periods of rising yields due to the growing share of high-coupon mortgages in the market. The Federal Reserve’s quantitative tightening programme has also shifted more convexity risk back to private investors, increasing market sensitivity to rate movements.Read more

26 May 2026

• The Centre has opened a four-month application window for states to seek approval for 50 industrial parks under the BHAVYA scheme.
• The scheme aims to develop plug-and-play industrial infrastructure through partnerships between states and private sector players.
• Industrial parks ranging from 100 to 1,000 acres will receive infrastructure support, with cluster-based manufacturing and regional industrialisation forming the core focus areas.Read more

26 May 2026

• Yatra Online reported a decline in quarterly profit and revenue during the March 2026 quarter amid geopolitical disruptions affecting international travel demand.
• The company stated that uncertainty linked to the West Asia conflict impacted MICE travel, leading to booking deferrals and cancellations.
• Despite short-term pressures, Yatra reported growth in gross bookings, corporate demand and operational performance across air travel and hotel businesses.Read more

26 May 2026

Dalmia Bharat has signed a Business Transfer Agreement through its subsidiary Dalmia Cement (Bharat) Ltd to acquire cement assets of debt-laden Jaiprakash Associates, currently under insolvency proceedings and acquired by Adani Enterprises via a resolution plan. The transaction, valued at an enterprise value of INR 2,850 crore, includes cement plants in Madhya Pradesh and Uttar Pradesh with 5.2 MTPA capacity, 3.3 MTPA clinker capacity and 99 MW of thermal power assets. Post acquisition, Dalmia Bharat’s capacity will rise to 54.7 MTPA.Read more

26 May 2026

• Switzerland will vote on June 14 on a referendum proposing a population cap of 10 million before 2050.
• The proposal is backed by the Swiss People’s Party (SVP) and has raised concerns over immigration and EU ties.
• Rapid population growth in areas like Knonau in Zug has increased pressure on housing and public infrastructure.
• Supporters say rising population levels are affecting living conditions and services in small regions.
• Business groups and the Federal Council warn that the plan could impact labour supply and trade with the EU.Read more

26 May 2026

• Maharashtra government is accelerating development of data centre projects to position the state as a major national hub.
• Chief Minister Devendra Fadnavis reviews MoUs signed at Davos and IT policy-linked investments in Mumbai.
• Senior officials to be assigned responsibility for monitoring project execution to ensure timely completion.
• Navi Mumbai, Mahape, Khalapur and Panvel identified as key data centre and infrastructure development clusters.Read more