1 minute ago

A cyclonic storm that hit the desert region recently caused partial damage at the Bhadla Solar Park in Phalodi district, a 2.25 GW solar energy hub spread across around 56 sq km. The facility hosts over 10 million solar panels installed by multiple private and public companies. While authorities confirmed that only one plant faced disruption, local accounts suggest wider impact across nearby villages. Damage includes uprooted solar panels and affected electricity infrastructure. Restoration work is currently in progress as officials assess the full extent of losses and system disruption.Read more

31 minutes ago

The Lakshadweep Administration has initiated the acquisition of 121,359 square metres, or around 30 acres, of private land on Agatti Island for beachfront facilities and a peripheral beach road. The proposal, based on a Social Impact Assessment conducted by SIACS, covers land on both the eastern and western coasts of the island. Given Agatti’s total area of 3.84 square kilometres, the plan has sparked concerns among residents and environmental groups over its potential impact on ecosystems and livelihoods.Read more

1 hour ago

• The National Investigation Agency (NIA) has filed chargesheets against 31 individuals in four cases related to alleged obstruction of the Special Intensive Revision (SIR) of electoral rolls in West Bengal's Malda district.
• The accused have been charged over incidents involving road blockades, disruption of official duties and the alleged restraint of judicial officers engaged in the electoral exercise.
• The chargesheets have been submitted before the NIA Special Court in Kolkata following investigations based on digital, technical, documentary and oral evidence.
• The agency has stated that investigations remain ongoing to identify additional individuals allegedly involved in the incidents.Read more

1 hour ago

• Rajasthan currently has 81 infrastructure projects under implementation with a combined investment of INR 2.72 lakh crore.
• The projects are being monitored through the Project Monitoring Group (PMG) mechanism to address implementation bottlenecks.
• Key sectors include railways, roads, petroleum and natural gas, power, and urban infrastructure.
• The review focused on expediting clearances, resolving pending issues and improving coordination among stakeholders.Read more

2 hours ago

Spanish hotel group Melia has decided to stop managing, marketing and providing brand services for 15 hotels in Cuba, citing worsening economic, legal and geopolitical conditions on the island. The company, which has operated in Cuba since 1990, said the decision was driven by factors beyond its control that affected the viability and safety of continuing operations. The move comes as the United States increases pressure on Cuba through stricter sanctions and other measures. Melia noted that most of the affected hotels were already closed or inactive as Cuba's tourism sector continues to face significant challenges.Read more

2 hours ago

The long-delayed Kalyan–Badlapur highway expansion project continues to face significant hurdles more than a decade after work began, with key stretches remaining incomplete despite expenditure exceeding INR 100 crore. Land acquisition challenges, pending clearances, legal disputes and unfinished infrastructure have slowed progress on a corridor that serves as a major transport link for the rapidly growing Kalyan-Dombivli-Badlapur region. The delays have contributed to persistent traffic congestion, particularly at bottlenecks and bridge approaches, even as authorities pursue wider plans to improve regional connectivity through new highway infrastructure and road network upgrades.Read more

3 hours ago

Mister Hair Clinics, a Bengaluru-headquartered hair and skin care clinic network, has announced an expansion roadmap to increase its footprint from 16 clinics to 100 clinics across India by 2031. The company has opened franchise opportunities to support growth across tier-2 and tier-3 cities, along with selected metro markets. The strategy is anchored in a standardised clinical and operational model, with plans to expand its presence across multiple states while tapping into India’s fast-growing hair restoration and medical aesthetics marketRead more

3 hours ago

• Maharashtra has secured USD 2 billion in funding from the World Bank for a large-scale road infrastructure programme.
• The initiative will focus on upgrading state highways and district roads across the state.
• Planned works include road rehabilitation, bridge improvements, maintenance measures and technology-based monitoring systems.
• The programme aims to enhance connectivity, road safety and climate resilience across key transport corridors.
• To be implemented in phases, it will strengthen links between urban centres, industrial clusters and rural regions, making it one of Maharashtra’s largest externally funded road projects.Read more

4 hours ago

Mexican real estate investment trust Fibra Mty has completed its acquisition of Fibra Macquarie after securing acceptance from holders of more than 80% of the target company's certificates. The transaction, valued at approximately USD 1.7 billion based on accepted certificates, marks one of the largest consolidation moves in Mexico's REIT sector. Following the announcement, certificates of both entities declined in trading. The acquisition is expected to expand Fibra Mty's consolidated asset base to nearly USD 6.5 billion and pave the way for operational integration and greater scale in the country's commercial real estate market.Read more

4 hours ago

The Enforcement Directorate (ED) has arrested four promoters and directors of Earth Infrastructures Ltd in a money laundering investigation linked to an alleged INR 2,004 crore homebuyer fraud. The case involves over 19,425 homebuyers and investors who allegedly invested in projects that remained incomplete or undelivered. The agency has alleged diversion of around INR 467 crore through related entities. The investigation stems from multiple Delhi Police EOW FIRs and an SFIO complaint against the company’s promoters and directors.Read more

5 hours ago

• Odisha is preparing to launch 47 national highway projects worth INR 12,102 crore after completing 49 road infrastructure projects valued at INR 1,721 crore.
• The upcoming projects include bypasses, bridges and corridor upgrades aimed at improving regional and inter-district connectivity.
• A state-level review assessed the status of ongoing, tender-stage and pending highway works to accelerate implementation timelines.
• The planned investments form part of a broader effort to strengthen Odisha's transport network and support economic growth through improved road infrastructure.Read more

5 hours ago

Disney India has leased approximately 1.75 lakh sq ft of office space at Embassy TechVillage in Bengaluru under a five-year agreement, marking one of the larger office transactions in the city this year. The lease, carrying a monthly rental of about INR 2.01 crore, covers multiple floors within the business park. The transaction reflects sustained demand for premium office assets in Bengaluru from global occupiers, particularly in the technology, media and services sectors, amid continued expansion of corporate operations in India.Read more

6 hours ago

The Central Road Research Institute (CRRI) carried out a detailed study of Layout Pooling Scheme (LPS) roads being developed in Amaravati, focusing on internal road networks and associated civic infrastructure. Over a two-day field visit, the team examined construction progress across multiple LPS zones, including drainage, sewerage systems, and power line planning. Findings were presented to the Amaravati Development Corporation (ADC) leadership. The study also included technical recommendations on road design standards based on traffic load requirements for both internal and trunk roads in the capital region.Read more

6 hours ago

BEST has approved the transfer of its Dharavi and Kalakilla bus depots in Mumbai for the Dharavi Redevelopment Project, facilitating the handover of 11.58 acres of land. The decision enables project developer Navbharat Mega Developers Pvt Ltd (NMDPL) to proceed with redevelopment plans while maintaining bus operations through temporary facilities. The depots will eventually be replaced by new multi-storey transport hubs. The move removes a key operational hurdle for the INR 96,000 crore Dharavi Redevelopment Project currently underway.Read more

7 hours ago

British Land has appointed Joanne McNamara as its new chief executive officer, filling the leadership position left vacant after Simon Carter’s departure earlier this year. McNamara joins from Oxford Properties, where she serves as executive vice president of its European business. Her appointment comes at a time when the company continues to benefit from strong demand for high-quality office space, particularly from artificial intelligence and technology firms. British Land recently reported annual underlying profit ahead of market expectations, supported by resilient leasing activity across its commercial property portfolio.Read more

7 hours ago

• The extended section of the Mrinaltai Gore flyover in Mumbai is set to open on June 6, improving connectivity in the western suburbs.
• The project aims to streamline traffic movement in Goregaon and reduce congestion on key arterial routes.
• Officials expect significant reduction in travel time for commuters using the upgraded corridor.
• The upgraded infrastructure is also expected to ease peak-hour bottlenecks by diverting vehicular load from surrounding internal roads.Read more

8 hours ago

• Supply chain operator Prozo has expanded its logistics presence in Maharashtra with a new 50,000 sq ft fulfilment centre in Bhiwandi, Thane district.
• The facility is designed to support FMCG, fashion and lifestyle, and healthcare distribution requirements across the state.
• With this addition, Prozo now operates seven fulfilment centres in Maharashtra, covering a total warehousing footprint of 4.1 lakh sq ft.
• The expansion reinforces Bhiwandi’s position as a key warehousing hub within western India’s logistics network.Read more

8 hours ago

Maharashtra and Finland have strengthened cooperation on circular economy and waste-to-value systems, with key participation from Maharashtra Chief Secretary Rajesh Aggarwal, IAS, MMRDA Metropolitan Commissioner Dr. Sanjay Mukherjee, IAS, and Consul General of Finland Erik af Hällström. The discussions were held during a circular economy conclave hosted by MMRDA and the Consulate General of Finland in Mumbai. The engagement comes ahead of the World Circular Economy Forum 2026 in India and reflects ongoing collaboration involving Chief Minister Devendra Fadnavis and Finnish leaders, including Ville Tavio and President Alexander Stubb, focused on sustainability, recycling and clean energy initiatives.Read more

9 hours ago

European luxury brands are increasing their focus on the United States as affluent consumers continue to support demand despite broader economic uncertainties. Strong stock market performance, rising wealth linked to the technology and artificial intelligence sectors, and steady income growth among high-net-worth individuals have made the US a key growth market for luxury retailers. Luxury groups are opening more stores, hosting major fashion events, and expanding into emerging affluent cities. The trend comes as weaker consumer sentiment in Europe, slowing growth in China, and geopolitical tensions affecting global travel continue to weigh on luxury spending in several other markets.Read more

Lucknow News Desk

9 hours ago

The Lucknow administration has approved 48 road construction and strengthening projects worth INR 11.66 crore in Sarojini Nagar under the Chief Minister Rapid Road Development Scheme. The works will cover nearly 10 km of internal and connecting roads across the constituency, aimed at improving local connectivity and easing commuter movement. The initiative also includes ongoing civic upgrades such as improved street lighting and infrastructure strengthening in several villages. Officials said the projects have been launched in phases to enhance road quality and address long-pending connectivity gaps in the area.Read more

10 hours ago

The Enforcement Directorate (ED) has initiated an investigation into Vedanta Group under the Foreign Exchange Management Act (FEMA) and conducted searches at multiple company premises across India. The probe is examining certain foreign exchange-related transactions, including a 2023 instance in which Vedanta Resources, the London-based parent company, reportedly refunded part of a brand fee to Vedanta Ltd. The agency is also reviewing other corporate structures within the group. Vedanta has acknowledged the regulatory action and stated that it is fully cooperating with authorities while continuing to comply with all applicable laws and regulations.Read more

10 hours ago

• KPIL and its international subsidiaries have secured new orders worth approximately INR 2,002 crore across power transmission & distribution, buildings & factories, and railways businesses.
• The contracts include overseas T&D projects, repeat orders in the construction segment and a metro rail-related railway project in India.
• The latest wins strengthen KPIL’s presence in key international markets while reinforcing its position across core infrastructure sectors and supporting future growth visibility.Read more

11 hours ago

• The Maharashtra government has formally taken ownership of Mumbai’s iconic Air India Building at Nariman Point through a completed acquisition worth INR 1,601 crore.
• The transaction involves the transfer of the 23-storey sea-facing commercial structure from Air India Assets Holding Limited to the state government.
• The acquisition is aimed at addressing the state’s office space constraints by consolidating multiple government departments under one centrally located facility.
• The move follows approvals from the Centre and the state cabinet, with funds already transferred and agreement formalities completed in early June 2026.Read more

11 hours ago

• Punjab RERA has directed a builder to refund excess amounts collected from homebuyers and obtain pending completion certificates for the project.
• The authority found that additional charges linked to area changes could not be imposed without proper contractual backing and buyer consent.
• Homebuyers had challenged extra financial demands and raised concerns over the project's regulatory compliance.
• The order reinforces RERA's stand on transparency, buyer protection and adherence to approved project commitments.
• The ruling also highlights the importance of securing statutory approvals before project handover and possession.Read more

12 hours ago

Delhi International Airport Limited (DIAL) is expected to finalise a new 20-year master plan for Indira Gandhi International Airport (IGIA) within the next two to two-and-a-half months, outlining the airport’s long-term infrastructure and operational strategy. The plan will account for evolving airline business models, changing market dynamics, passenger growth and future infrastructure requirements. The development comes as IGIA, India’s busiest airport, handled 78.7 million passengers during FY 2025-26 and continues to prepare for future capacity expansion. The master plan is expected to address terminal development, airside infrastructure and operational requirements while supporting Delhi’s ambition to strengthen its position as a major aviation hub amid increasing competition and changing traffic patterns.Read more

12 hours ago

• The Income Tax Appellate Tribunal (ITAT) has upheld a family settlement involving transfer of a Delhi property to a daughter-in-law, rejecting the Revenue Department’s tax claim.
• The Tribunal held that the registered gift deed merely formalised an existing family settlement and did not constitute a taxable transfer under the Income Tax Act.
• ITAT also ruled that provisions relating to taxation of certain gifts and property transfers were not applicable, dismissing the Revenue’s appeal against the taxpayer.Read more

13 hours ago

Adani Group companies reported record capital expenditure of INR 1.53 lakh crore and an all-time high EBITDA of INR 94,834 crore in FY26, reflecting a strong push towards infrastructure development across energy, utilities, transport and logistics. The group commissioned several major projects, including renewable energy assets, battery storage systems, Navi Mumbai International Airport and the Ganga Expressway. Despite significant investments, leverage remained below the group's stated threshold, while liquidity levels stayed strong. The performance highlights Adani Group's ongoing focus on infrastructure, energy transition and logistics as key long-term growth drivers.Read more

13 hours ago

• The long-pending four-laning of the Trichy–Karaikudi National Highway has been revived, with updated planning incorporating elevated corridor sections at critical congestion points.
• The project aims to upgrade the existing two-lane highway into a four-lane standard to improve regional connectivity in central Tamil Nadu.
• Detailed Project Report (DPR) preparation has reached an advanced stage, with alignment refinement and engineering studies underway for key stretches.
• The proposal includes two elevated corridors designed to bypass high-density traffic zones and improve safety and travel efficiency along the corridor.Read more

14 hours ago

• Odisha State Housing Board (OSHB) is planning four new residential projects that will add 6,877 housing units in Bhubaneswar and Rourkela.
• More than 1,800 units have been earmarked for affordable housing categories, including EWS and LIG segments.
• The projects include developments at Suango, Patrapada, Ranasinghpur and Basanti Colony.
• OSHB is also expanding its housing footprint across district headquarters while continuing multiple ongoing projects across Odisha.
• The move is aimed at addressing rising urban housing demand and improving access to affordable homes in key growth centres.Read more

14 hours ago

• Hungary’s central bank has reported that the country’s banking system remained well-capitalised during 2025, while cautioning that risks in the housing market have increased.
• The National Bank of Hungary said house prices rose by 23.5% in nominal terms during 2025, contributing to higher market overvaluation.
• Housing market overvaluation increased to 22.5%, raising concerns about the potential for future price corrections.
• Borrowers’ average loan-to-value ratio rose significantly following the introduction of a subsidised mortgage programme for first-time homebuyers.
• The central bank noted that stable debt-service-to-income ratios and fixed-rate mortgages continue to support household repayment capacity.Read more

15 hours ago

• Residents of Vatika India Next and nearby sectors continue to face a nearly seven-kilometre detour to access the Dwarka Expressway due to two incomplete road links.
• The missing connections are linked to land acquisition, right-of-way constraints and pending infrastructure works across sectors in New Gurugram.
• GMDA records show that one link could not proceed because land was not handed over, while another required realignment owing to site constraints.Read more

16 hours ago

The Maharashtra cabinet has approved a proposal to secure financial assistance from the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) for major road infrastructure projects across the state. The funding is expected to support Phase III of the Chief Minister's Gram Sadak Yojana and the Maharashtra State Road Improvement Project, aimed at enhancing road connectivity and transport infrastructure. The cabinet also approved the expansion of Hyderabad (Sind) National Collegiate University in Mumbai by bringing six educational institutions under its framework, strengthening higher education infrastructure in the city.Read more

17 hours ago

• The Supreme Court has pulled up the Jaipur Development Authority (JDA) for failing to act against commercial establishments operating in residential areas of Jaipur.
• The court expressed dissatisfaction over JDA's failure to file a compliance affidavit and provide details of action taken despite earlier directions.
• The bench observed that planning authorities have a responsibility to protect the residential character of designated housing zones.
• The case is linked to a wider exercise ordered by the Supreme Court to identify and address unauthorized commercial use of residential properties across cities.
• The matter highlights growing judicial scrutiny of urban planning violations, zoning compliance and enforcement by development authorities.Read more

18 hours ago

• The Dalmandi road widening project in Varanasi has gained momentum, with 112 buildings demolished so far as part of a major infrastructure upgrade.
• The project aims to widen the congested 650-metre stretch connecting Naisadak and Chowk, improving access to the Kashi Vishwanath Dham corridor.
• Nearly 187 properties have been identified for acquisition and demolition under the project, which carries an estimated cost of around INR 224 crore.
• Authorities have completed compensation and acquisition procedures for several affected property owners, allowing demolition work to progress.
• The redevelopment is expected to ease congestion, improve pedestrian movement and strengthen connectivity within Varanasi's historic commercial district.Read more

Hyderabad News Desk

19 hours ago

• A 5.09-acre land parcel in Hyderabad’s Raidurg was sold through an e-auction at INR 204 crore per acre, generating around INR 1,040 crore for the Telangana government.
• The plot was acquired by Vamsiram Builders, making it the second major land transaction in Raidurg within a span of days.
• The sale follows a recent auction of a 6.29-acre parcel that fetched a record INR 237 crore per acre.
• Together, the two transactions have generated nearly INR 2,529 crore from 11.38 acres of land.
• The strong bidding reflects sustained demand for premium commercial land in Hyderabad’s established IT and business corridor.Read more

20 hours ago

• The Ministry of Railways has approved a new stoppage for the Solapur–Hassan Express at Channarayapatna railway station in Karnataka's Hassan district.
• The halt addresses a long-pending demand from local residents and is expected to improve connectivity to Channarayapatna and the nearby pilgrimage centre of Shravanabelagola.
• The announcement was made by Union Minister of State for Railways and Jal Shakti V. Somanna during a South Western Railway programme.
• Railway infrastructure projects, including station redevelopment works in Hassan, Arsikere and Sakleshpur, are also progressing under ongoing modernization initiatives.
• The move is expected to benefit daily commuters, pilgrims and regional travellers while strengthening rail access across the district.Read more

21 hours ago

• Ganesh Real Estate Management Institute (GREMI) has inaugurated its City Campus at Million Minds Tech City in Ahmedabad and will begin academic operations from August 2026.
• The institute is Gujarat’s first AICTE-approved standalone institution dedicated exclusively to real estate education and management.
• GREMI is backed by an initial investment commitment of INR 500 crore and plans to develop a 100-acre integrated university campus in Ahmedabad.
• The first batch will comprise around 70 students enrolled in the Postgraduate Certificate in Management (PGCM) in Real Estate Development and Management.
• The institution aims to create a structured education ecosystem for the built environment sector, covering urban planning, real estate finance, construction technology, governance and sustainability.Read more

22 hours ago

• Madhya Pradesh is witnessing a sharp rise in fly ash brick prices, increasing input costs for housing and construction projects.
• Developers have raised concerns over the impact on project budgets and residential construction expenses.
• Industry stakeholders said the increase could eventually affect homebuyers through higher property costs.
• The issue has intensified concerns over rising material prices amid ongoing residential and infrastructure development across the state.Read more

Gurugram News Desk

23 hours ago

• The Punjab and Haryana High Court has clarified that protection from enforcement action applies only to property owners directly involved in the ongoing litigation related to building violations in Gurugram.
• The ruling allows the Department of Town and Country Planning (DTCP) to proceed against thousands of other properties facing allegations of unauthorized construction and misuse.
• The matter is linked to violations reported across DLF Phases 1 to 5, including excess floor coverage, additional floors and commercial activities in residential properties.
• Authorities had previously identified over 5,000 suspected violations and issued notices to property owners.
• The decision is expected to strengthen compliance measures and accelerate enforcement action across several residential colonies in Gurugram.Read more

03 Jun 2026

A Gram Sabha was held in Penumaka village by the Andhra Pradesh Capital Region Development Authority (APCRDA) as part of the ongoing land acquisition process for Amaravati. Senior APCRDA officials informed villagers about the status of land pooling and acquisition activities, highlighting that eligible landowners still have an opportunity to join the Land Pooling Scheme within the prescribed timeframe. Officials also reviewed names included in the acquisition notification, invited objections from residents, and outlined ongoing infrastructure development works in the capital region. Farmers were urged to cooperate with the development process and complete pending registration formalities.Read more

Ahmedabad News Desk

03 Jun 2026

• Gandhigram railway station in Ahmedabad has been added to the long-distance express network with the launch of its first express train service.
• Western Railway has introduced a special train service connecting Gandhigram with Prayagraj, marking a new operational milestone for the station.
• The move is aimed at improving direct connectivity for passengers in western Ahmedabad, particularly in surrounding residential and commuter catchments.
• The development is part of broader efforts by Indian Railways to expand boarding points and decongest major terminal stations in the region.Read more

03 Jun 2026

• Flexible workspace operator IndiQube Spaces Ltd has signed a five-year office leasing agreement valued at INR 52 crore with a consulting and management services firm.
• The transaction covers more than 700 desks at IndiQube’s co-working facility in Yelahanka, North Bengaluru.
• The deal was disclosed by the company through a regulatory filing released in the past week.
• The agreement reflects continued demand for managed and flexible workspaces from corporate occupiers seeking long-term office solutions.
• IndiQube currently operates across 17 cities and manages a portfolio exceeding 9.66 million sq ft.Read more

03 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Grievance Day programme at its headquarters in Rayapudi, Amaravati, on June 1 to address issues raised by farmers and agricultural labourers in the capital region. A total of 27 petitions were received, covering matters such as the reallocation of returnable plots, land pooling concerns and related issues. Senior APCRDA officials, including Commissioner V. Vijaya Rama Raju and Additional Commissioners A. Bhargav Teja and Kollabathula Karthik, reviewed the representations and assured applicants that their concerns would be examined and resolved at the earliest. The authority also reiterated that grievance petitions can be submitted daily at its Citizen Grievance Center and announced that the dedicated Grievance Day programme will continue every Monday at the Rayapudi office.Read more

03 Jun 2026

• Realty developer Anant Raj Ltd has signed a Memorandum of Understanding (MoU) with the Haryana government to invest INR 20,000 crore in large-scale data centre infrastructure across the state.
• The agreement was signed during the launch of the Make in Haryana Policy and other sectoral policies by the Department of Industries & Commerce, Haryana.
• The proposed investment is in addition to the company's existing data centre expansion programme in Haryana.
• Anant Raj currently operates 28 MW of IT load in Manesar and Panchkula and plans to scale its total capacity to 307 MW by 2031-32.
• The investment is intended to strengthen digital infrastructure, support rising demand for data storage and cloud services, and enhance Haryana’s position as a technology investment destination.Read more

03 Jun 2026

Union Housing and Urban Affairs Minister Manohar Lal has reiterated that the Centre can resume government-owned land leased to institutions whenever required for public purposes. The statement follows a notice issued by the Land and Development Office directing Delhi Gymkhana Club to vacate its 27.3-acre Safdarjung Road property in New Delhi. The government has cited defence infrastructure and public security requirements for the move. The dispute has highlighted the Centre’s legal authority over leased public land administered by the L&DO.Read more

03 Jun 2026

• The Chief Minister of Assam met Union Railway Minister Shri Ashwini Vaishnaw to review ongoing and proposed railway expansion initiatives across the state.
• Discussions focused on strengthening rail connectivity, capacity enhancement, and faster execution of key railway infrastructure projects in Assam.
• Passenger amenities and station modernisation plans were also reviewed to improve commuter experience across major and regional railway stations.
• The engagement highlighted coordinated efforts between the Assam government and Indian Railways to accelerate transport infrastructure development in the North-East.Read more

03 Jun 2026

Real estate developer Anant Raj has announced plans to invest INR 250 billion in Haryana to strengthen its data centre and cloud services business. The company has signed an agreement with the Haryana Enterprises Promotion Centre to support the development of digital infrastructure in the state. The investment comes as demand for data storage, cloud computing and digital services continues to rise across India. The initiative aligns with Haryana’s industrial growth strategy and follows Anant Raj’s recent consideration of separating its data centre operations from its core real estate business.Read more

03 Jun 2026

• Union Road Transport and Highways Minister Nitin Gadkari reviewed the quality and maintenance status of 8,512 km of National Highways in Andhra Pradesh and 3,748 km in West Bengal.
• The review was conducted on June 1 following inputs and concerns received through media reports and social media platforms.
• Officials were directed to accelerate execution, strengthen quality monitoring systems and adopt modern construction technologies.
• The discussions covered highway safety, drainage, landscaping, black spot rectification, precast construction and compliance with quality standards.
• The ministry also emphasised monsoon preparedness measures to minimise disruptions and improve commuter safety across the highway network.Read more

03 Jun 2026

Newpark REIT has announced that discussions regarding a shareholder proposal to monetise shares are still ongoing, prompting the company to renew its cautionary announcement to investors. The update indicates that negotiations have not yet been finalised and that any potential transaction remains subject to further discussions and approvals. While details of the proposal have not been disclosed, the company has advised shareholders to continue exercising caution when dealing in its securities until a formal outcome is communicated. The development signals continued efforts to evaluate options that could unlock value for shareholders.Read more

03 Jun 2026

The Enforcement Directorate (ED) has arrested Chandigarh-based real estate businessman Vikram Wadhwa in connection with its investigation into the alleged INR 645 crore IDFC First Bank fraud case involving the diversion of public funds from government-linked accounts. Wadhwa was arrested under provisions of the Prevention of Money Laundering Act (PMLA) and is being investigated for his alleged role in the generation, layering and concealment of proceeds of crime. The case relates to the suspected embezzlement of funds belonging to the Haryana government, the Chandigarh Administration and two private schools. Investigators allege that the money was routed through multiple accounts and shell entities before being converted into cash and other assets.Read more