24 minutes ago

Amazon India has expanded its freight operations on the Western Dedicated Freight Corridor (WDFC) in partnership with Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), with a train flagged off from New Dadri Railway Station. The company has become the first e-commerce player to operate the inaugural Joint Parcel Product-Rapid Cargo Service (JPP-RCS) train on the WDFC. The daily service will connect Amazon’s northern and western networks, covering key locations including Delhi, Ahmedabad and Surat, with onward connectivity to Pune, Mumbai and Goa. The move will shift more shipments from road to rail.Read more

54 minutes ago

Shiv Sena (UBT) MLA Aaditya Thackeray has urged Maharashtra Chief Minister Devendra Fadnavis to intervene in the worsening traffic and infrastructure problems in Pune’s Hinjewadi IT hub. He has sought a single agency to maintain roads, greater deployment of traffic police and urgent repairs to damaged roads. Thackeray also called for the completed section of the Shivajinagar-Hinjewadi Metro Line 3 to begin services without waiting for a formal inauguration. He warned that companies could consider moving out if basic infrastructure issues, including traffic, water supply and garbage management, are not addressed promptly.Read more

1 hour ago

Indian Railways has launched a one-year pilot of its integrated “Rail Parcel” app-based platform to provide door-to-door parcel logistics through partnerships with private service providers. South Central Railway started the pilot in February across 17 stations in Hyderabad, Visakhapatnam, Vijayawada, Guntur, Rajahmundry, Bengaluru and Chennai. The platform brings first-mile pickup, last-mile delivery and packaging services together, while railways handle the middle-mile movement. Three private logistics partners have been onboarded through an Expression of Interest process. The initiative builds on the Joint Parcel Product-Rapid Cargo Service, which generated about INR 56 crore in revenue up to February 2026.Read more

1 hour ago

Hindustan Power has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, with the Indian Renewable Energy Development Agency (IREDA) sanctioning debt of INR 1,135 crore. The project was awarded to the company through a competitive bidding process in 2025 and has a long-term power purchase agreement with Uttar Pradesh Power Corporation Ltd (UPPCL). The project is progressing according to schedule and is expected to add to Uttar Pradesh’s renewable energy capacity while supporting the state’s rising electricity requirements through clean power generation.Read more

2 hours ago

The New Delhi Municipal Council (NDMC) is unlikely to introduce the Unit Area Method (UAM) for property tax assessment during the current financial year, despite earlier preparations to shift towards a uniform system. The proposed reform is intended to replace the remaining use of the older rateable value method and bring greater consistency to property tax assessment across the NDMC area. The delay follows administrative and implementation-related issues that have held up the rollout. The reform has been under consideration as part of amendments to the NDMC Act, 1994, and was expected to rationalise the existing tax structure. Earlier proposals indicated that the revised system could reduce the tax burden for some properties, particularly older and self-occupied premises, while bringing the remaining properties under a common assessment framework.Read more

Delhi News Desk

2 hours ago

The Delhi government has approved seven new fire stations in the Outer North and South West districts to improve emergency coverage and reduce response times across underserved areas. The additions will increase the Delhi Fire Service network from 71 operational stations and are part of a wider plan to strengthen infrastructure, manpower and technology. The department is also pursuing additional sites, recruiting personnel and upgrading firefighting equipment. Its modernisation programme includes a central command and control centre, artificial intelligence, GPS, GIS and drone-based systems. The expansion is intended to address gaps in geographical coverage as Delhi continues to urbanise.Read more

3 hours ago

The Union Cabinet has approved four railway multi-tracking projects and a highway project worth a combined INR 13,041 crore across West Bengal, Odisha, Andhra Pradesh, Tamil Nadu and Bihar. The railway projects, costing INR 9,450 crore, will add about 410 km of lines across eight districts, strengthening passenger and freight capacity along the Howrah-Chennai route. The INR 3,591-crore highway project covers an 83-km section of NH-22 between Muzaffarpur, Sitamarhi and Sonbarsa in Bihar. The road corridor will be four-laned under the hybrid annuity model.Read more

23 Aug 2026

India is set to approve a USD 1.2 billion incentive scheme to promote domestic manufacturing of high-value construction and infrastructure equipment, according to government sources. The scheme is expected to attract USD 1.8 billion in fresh investment and provide incentives over seven years. It will cover equipment such as tunnel boring machines, firefighting systems and elevators, while introducing local value-addition targets for machines that are currently fully imported. The plan is aimed at reducing India's dependence on imports, particularly from China, as the country expands spending on roads, metros, airports and other infrastructure.Read more

23 Aug 2026

Chinese construction companies and Chinese-led joint ventures have secured a strong presence on the shortlist for Ethiopia Airlines’ planned new airport near Addis Ababa. Of the 33 shortlisted entries, 15 include Chinese firms or Chinese-led partnerships. The airport is expected to cost around USD 12.5 billion and could eventually handle up to 110 million passengers a year. The project includes a four-runway airport, terminal, support facilities and road links. Bidders will now move to the tender stage, with the facility expected to be completed by 2030 and supported partly through financing arranged by the African Development Bank.Read more

23 Aug 2026

India has expanded its transshipment air cargo network to four additional domestic origin stations and two international destinations, allowing eligible cargo to move through transit stations without mandatory re-screening. The expanded network now includes Bengaluru, Ahmedabad, Mumbai and Hyderabad, along with London and Copenhagen. The move follows the successful Proof of Concept for domestic-to-international transshipment on the Chennai-Delhi-Frankfurt route. The Civil Aviation Ministry said the revised framework is intended to improve ease of doing business and make air cargo movement more efficient. The government also plans to extend the framework to international-to-international and international-to-domestic transshipments.Read more

23 Aug 2026

Rajasthan Chief Minister Bhajan Lal Sharma has invited companies from the UAE to invest in Rajasthan, particularly in energy and hospitality, citing the state's tourism potential, heritage and investment opportunities. Speaking at the UAE-Rajasthan Tourism and Investment Round Table, Sharma highlighted the state's forts, palaces, wildlife, handicrafts, textiles, gems and jewellery and mineral resources. He also pointed to policies aimed at creating a favourable business environment and Rajasthan's push towards energy self-reliance. UAE Minister of Economy and Tourism Abdullah bin Touq Al Marri said UAE companies were interested in Rajasthan's hospitality sector and called for stronger air connectivity between Jaipur and Dubai.Read more

23 Aug 2026

ITC Hotels has signed a management agreement for a 51-key hotel in Assagao, North Goa, under its Storii by ITC Hotels brand. The property will offer rooms and suites, an all-day dining restaurant and dining, social and recreational spaces. The signing expands the company's presence in Goa and adds to its portfolio in North Goa, where tourism demand and interest in experiential travel have been increasing. The hotel is being developed in partnership with Ananda Hospitality Services Private Limited and will be positioned around Assagao's local character, culinary offerings, natural surroundings and access to beaches and other tourism destinations.Read more

23 Aug 2026

Indian Potash Limited (IPL) is preparing to reopen the Badamba Cooperative Sugar Mill in Cuttack district, Odisha, after more than 15 years of closure, with an estimated INR 360 crore investment in revival and modernisation. The project will include a 3,500 tonnes-per-day sugarcane crushing unit, a 16 MW co-generation power plant, a 10-tonne-per-day Bio-CNG facility and a cold-storage unit. It is expected to directly benefit around 10,000 farmers in Badamba block by restoring a local market for sugarcane and supporting cultivation. The revival is part of IPL’s wider strategy of bringing closed cooperative sugar mills back into operation and strengthening the agricultural value chain. The company operates 11 sugar mills across Uttar Pradesh, Gujarat and Odisha and has undertaken similar revival projects in Gujarat.Read more

23 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) has invited single women living within its jurisdiction to register for benefits under welfare schemes being developed as part of Maharashtra’s proposed policy for single women. The initiative follows a May 22, 2026 government resolution issued by the Women and Child Development Department, which established a committee to prepare a policy addressing the social, economic, educational, legal, health and rehabilitation-related concerns of single women. NMMC has asked eligible women to register at their nearest ward office by August 25, 2026. The category includes widows, legally divorced women, abandoned women, unmarried adult women living alone, and women with disabilities or others living alone due to difficult circumstances. The civic body has also provided ward-wise contact details of its social workers and group organisers for further information.Read more

23 Aug 2026

Aureya FM, formerly WTC Trades & Projects and the facilities management arm of Brigade Group, has appointed retired Indian Naval Officer Vivek Kalia as its chief operating officer. Based in Bengaluru, Kalia will oversee the company’s operations, business growth, customer experience and organisational effectiveness as it provides integrated, technology-enabled facilities management services across commercial, retail, co-working and community projects. Kalia brings more than 21 years of experience in the Indian Navy, followed by seven years with Airbus, where he established and expanded its training business across India and South Asia. He subsequently worked with Airbus Defence and Space, leading strategic defence sales campaigns and engaging with customers on business and operational requirements.Read more

23 Aug 2026

Sundaram Home Finance is expanding its Emerging Business (EB) segment in Andhra Pradesh, targeting disbursements of INR 150 crore in the state during FY27, compared with around INR 50 crore recorded in FY26. The housing finance company plans to double its EB branch network in Andhra from around 10 to 20 branches, with most new outlets planned in smaller towns. It has already opened a branch in Chittoor as part of the expansion and expects to hire around 60 employees for the segment in the state. The company is linking the expansion to increasing industrial activity and potential housing demand in Tier 2 and Tier 3 towns. Nationally, Sundaram Home Finance has more than 100 EB branches across southern India and reported Q1 FY27 net profit of INR 85 crore.Read more

23 Aug 2026

India Ratings and Research (Ind-Ra) has maintained a neutral outlook for India’s transport infrastructure sector for FY27, citing stable operational assets and healthy growth in highway toll revenue. The agency expects higher NHAI road awards through the hybrid annuity and build-operate-transfer models, a strong InvIT ecosystem and steady domestic air traffic to support the sector. However, delays in under-construction HAM projects and near-term pressure on aviation traffic remain concerns. Road InvIT assets under management stood at INR 3,168 billion as of March 2026 and could reach around INR 6,000 billion by FY30.Read more

23 Aug 2026

Local currencies are expected to play a larger role in cross-border trade and payments as countries look to reduce transaction costs, currency mismatches and settlement-related challenges, RBI Deputy Governor Rohit Jain said. He highlighted the growth in India's foreign exchange reserves and domestic forex market turnover while outlining the factors that could shape the market over the next decade. Jain also stressed the need for wider technology adoption, greater participation by public sector banks and stronger safeguards against unauthorised online forex platforms. He said transparency, efficient settlement and customer protection would remain important as the market expands.Read more

23 Aug 2026

Hiranandani Communities has partnered with The Fern Hotels & Resorts, under the Series by Marriott collaboration, to introduce branded serviced apartments at Hiranandani Sands, a 225-acre coastal township in Nagaon, Alibaug. The collaboration brings residential ownership together with professionally managed hospitality services, including a proposed “lock-and-leave” model under which owners can make their units available for rentals when they are not in personal use, subject to applicable management and operating terms. The partners said the offering is intended to support Alibaug’s evolution beyond its established weekend tourism market by attracting long-stay guests, digital nomads and international travellers. The development also incorporates sustainability and community initiatives covering green-certified design, renewable energy, water conservation, biodiversity and local cultural engagement.Read more

23 Aug 2026

India’s senior living market is projected to grow from around INR 300 billion in 2026 to more than INR 1 trillion by 2030, according to Colliers, supported by demographic changes, rising life expectancy, nuclear families, higher incomes and greater retirement preparedness. Demand for senior housing is expected to increase from 20–22 lakh units currently to nearly 30 lakh units by 2030, while organised supply could rise from around 25,000 units to 1 lakh units. This would increase market penetration from about 1.3% to nearly 4%. Developers, operators and investors have announced capital commitments exceeding INR 130 billion since 2025, with deployment expected over the next three to four years. Colliers expects 30–40% of new launches to come from Tier II and III cities and spiritual hubs.Read more

23 Aug 2026

Cargo Force is seeing sustained growth in personal and household cargo shipments from the UK to India, with demand expanding beyond the country’s largest metropolitan markets ahead of Diwali. Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Pune continue to account for significant shipment volumes, while Tier-2 and Tier-3 cities including Ahmedabad, Chandigarh, Jaipur, Lucknow, Coimbatore, Kochi, Indore and Surat are recording the fastest growth. The company has handled more than 52,000 shipments over the past two years, reporting a 99% delivery success rate. Clothing and footwear remain the largest shipment category, followed by food and groceries, while festive gifts, cosmetics, household goods and toys also contribute to demand. Diwali remains the strongest seasonal period, with gifting-led shipments increasing in the weeks before the festival.Read more

23 Aug 2026

The International Financial Services Centres Authority (IFSCA) is working to ensure that regulatory compliance does not increase the cost of capital for businesses, its chairperson K Rajaraman said. Speaking at an Assocham summit on the corporate bond market, Rajaraman said regulations should be sufficient to maintain order in the market without creating unnecessary costs for businesses. He also highlighted the need for Indian companies to expand globally and access foreign currency capital. Bank lending in GIFT City has crossed USD 85 billion, while outstanding external commercial borrowings are around USD 45 billion.Read more

23 Aug 2026

The pandemic sent millions of Indian professionals home with their laptops, and many never fully left. What began as a temporary adjustment has since settled into architectural fact: developers now build for people who work, study and live within the same four walls. From the quiet rise of the study room to balconies that have moved from luxury to necessity, this piece traces ten shifts in how Indian apartments are designed, built and sold today, and what they reveal about the country's changing relationship with home.Read more

23 Aug 2026

Mumbai-based Srishti Group has launched its latest brand campaign, “The House of Pride”, featuring the proposition “Get More Life. Less Rush.” The campaign brings together Craft de Srishti in Nahur (West) and Srishti Oasis in Bhandup (West), both located along the Goregaon-Mulund Link Road corridor. The campaign focuses on connectivity as a factor influencing the quality of urban life, particularly in a city where commuting time forms a significant part of residents’ daily routines. Craft de Srishti offers 2 BHK and 3 BHK residences, while Srishti Oasis comprises 1 BHK, 2 BHK and 3 BHK homes. The developer said the campaign reflects a broader approach to premium housing that considers connectivity, planning and lifestyle convenience alongside the physical characteristics of a home.Read more

23 Aug 2026

Uganda is seeking to borrow up to EUR 207.7 million, or about USD 242.55 million, from Citibank to help finance the construction of a major road in the eastern part of the country. The project is expected to improve connectivity and provide an alternative transport route between northern and southern Uganda. The proposed borrowing comes as the country faces rising public debt and a growing interest burden. The IMF expects Uganda’s debt-to-GDP ratio to increase to 55.5% in the current fiscal year and approach 60% by 2030/31.Read more

23 Aug 2026

Trinity Business Park is being developed across 16 acres in Amingaon, North Guwahati, with more than 3 million sq. ft. of planned built-up space combining retail, wholesale trade, offices, hospitality, food and beverage, entertainment and logistics infrastructure. Designed by architect Santosh Banka, the development seeks to consolidate several commercial activities within a single masterplan rather than relying on the fragmented market districts that have traditionally served the region. The project includes a 60,000 sq. ft. Open-to-Market plaza, 80-foot-wide roads, dedicated loading bays, truck corridors and integrated service infrastructure. Its planning also incorporates Vastu Shastra principles, including the positioning of entrances, water and electrical infrastructure. The development is intended to serve local businesses, national retailers, employees and visitors while supporting the evolving commercial requirements of Northeast India.Read more

23 Aug 2026

91Springboard has appointed Pawan Hegde as Director – Sales and Sachin Khopde as Head – Finance as the flexible workspace operator expands its business beyond conventional coworking. The appointments are intended to strengthen its enterprise sales, financial governance and operational capabilities as it develops a broader workspace platform covering ready-to-use offices, managed workspaces and enterprise solutions. Hegde brings more than 19 years of experience in flexible workspace and managed offices, with previous leadership roles at Regus, Upflex and COWRKS. Khopde has more than 18 years of experience in finance, governance and business strategy, including roles at PwC, Reliance Industries, Metro Cash and Carry India and JioMart. 91Springboard currently operates 46 hubs across nine cities, offering around 37,000 seats across approximately 1.9 million sq. ft. of workspace.Read more

23 Aug 2026

Fintech company PhonePe has signed a Memorandum of Understanding (MoU) with the Ministry of Electronics and Information Technology (MeitY) to integrate its enterprise data intelligence platform, PulsePro, with the PM GatiShakti framework. The platform uses aggregated and anonymised transaction data to provide market signals and hyperlocal insights across geographies and categories. The collaboration is intended to support infrastructure planning, economic analysis and urban and rural development by adding real-world activity trends to the existing datasets available through the PM GatiShakti National Master Plan.Read more

23 Aug 2026

Nehlia Developers has appointed Krishan Kaushik as Vice President – Sales & Marketing as the company strengthens its leadership team and prepares for expansion in Delhi-NCR. Kaushik has more than 11 years of experience across sales, marketing, business development and team leadership, with specific exposure to the Gurugram real estate market. He will lead the company’s sales and marketing function, focusing on sales strategy, channel partner expansion, customer engagement, team building, process improvement and support for project launches. Before joining Nehlia Developers, he held senior sales and marketing positions at Lamose Group, SignatureGlobal and ROF Group, where his responsibilities included business development, channel management, team building and revenue generation.Read more

23 Aug 2026

The Kerala government has decided to approach the Supreme Court seeking relief from restrictions on construction and land use near national highways. The state has raised concerns that the restrictions could have a wider impact in Kerala because of the state’s high population density and the close integration of settlements with highway corridors. The government is expected to seek a review or suitable modification of the order, arguing that rules designed around highway safety and access need to account for Kerala’s distinct geographical and urban-development conditions.Read more

23 Aug 2026

UAE-based developer Arada is expanding its Australian operations into Queensland with an AED 5 billion twin-tower residential project in Broadbeach on the Gold Coast. The development will be Arada’s first project outside New South Wales and will comprise close to 1,000 homes. Construction will be undertaken by Roberts Co, Arada’s Australian construction subsidiary. The project is planned for completion before the 2032 Olympic and Paralympic Games in Brisbane. The expansion follows Arada’s entry into Australia in 2024 and its acquisition of Roberts Co, supporting its plans to build a larger residential development pipeline across the country.Read more

23 Aug 2026

The Noida–Greater Noida Expressway is evolving from a key transport corridor into a residential market supported by expanding infrastructure, public transport and new housing development. The southern stretch, particularly Sectors 148, 150 and 151, is emerging as a connected residential belt with distinct development characteristics. Sector 148 benefits from the Aqua Line metro station, while Sector 151 has attracted developer interest following Noida Authority’s auction of two residential land parcels to Godrej Properties and VRC Construction. Sector 150 remains differentiated by its planned low-density development, with around 80% of its 600-acre area designated for green cover, parks and recreational infrastructure. ANAROCK data places its average quoted rate at INR 14,780 per sq ft in Q2 2026.Read more

23 Aug 2026

The Supreme Court’s intervention has cleared the way for regulatory approvals needed to revive the stalled Ansal Urban Condominiums project near Crossings Republik, Ghaziabad. The 26-acre development has been delayed for several years, leaving around 1,600 homebuyers awaiting completion. The project became part of insolvency proceedings after Ansal Urban Condominiums Pvt Ltd faced financial difficulties, with One City Infrastructure Pvt Ltd subsequently taking responsibility for implementing the approved resolution plan. In its 29 July 2026 judgment, the Supreme Court directed the relevant authorities to consider the renewal of the development licence and approval of revised plans, addressing an administrative hurdle that had held up the project.Read more

23 Aug 2026

India’s real estate sector has remained relatively resilient despite the continuing West Asia crisis, supported by healthy housing demand, office leasing led by Global Capability Centres, stronger developer balance sheets and sustained institutional participation. CareEdge Ratings estimates that real estate capital inflows stood at USD 3.5–4 billion during the first half of 2026, while residential sales in the top six cities are expected to remain broadly range-bound at around 3.55 lakh units during the year. Premium and luxury housing is expected to remain comparatively resilient, supported by affluent domestic buyers, high-net-worth individuals and non-resident Indians. However, prolonged high crude oil prices could raise construction costs by around 2–3%, creating greater pressure on affordable housing and highly leveraged developers.Read more

23 Aug 2026

Production growth across India’s nine key infrastructure sectors increased to 5.4% in July, supported by higher output of coal, refinery products, cement, electricity and iron ore. The growth was stronger than the 3.2% recorded in July last year but lower than the 6% expansion seen in June. The government has been releasing the core sector data with a revised base year of 2022-23 since June, replacing 2011-12. Iron ore has also been added to the index, taking the number of core sectors from eight to nine. Crude oil, natural gas and fertiliser production declined during the month.Read more

Gurugram News Desk

23 Aug 2026

The Municipal Corporation of Gurugram (MCG) has sought additional time from the National Green Tribunal (NGT) to determine a firm deadline for clearing all legacy waste at the Bandhwari landfill. In an affidavit filed before the tribunal, the civic body said 17.2 lakh metric tonnes (MT) of waste remained at the site as of August 16, while 3.6 lakh MT had been processed during the first eight months of 2026. MCG estimates that around 7.2 lakh MT of waste could remain at Bandhwari by March 2027, including unprocessed legacy waste and fresh waste generated before an alternative facility becomes operational.Read more

22 Aug 2026

Residents of Sushant Lok 1, 2 and 3 in Gurugram have sought a special one-time composition policy from the Haryana government to regularise minor and technical deviations in residential buildings. The proposal is aimed at providing relief to thousands of homeowners who could face enforcement action over relatively small building-code violations. The deviations cited include covered cut-out areas and marginal variations in front and rear setbacks. According to the reported proposal, regularising such deviations could also generate around INR 40 crore in revenue for the Haryana government. The demand comes amid growing concerns among homeowners over the legal and property-related consequences of building deviations in established residential colonies. The proposed policy would be limited to minor violations rather than major or structural breaches.Read more

22 Aug 2026

The UK's revised GDP estimates for 2023 and 2024 include major changes to the way property rents and housing services are measured. The Office for National Statistics said updated calculations for imputed rent paid by homeowners and quality adjustments for rented properties contributed to higher GDP estimates in recent years. The revisions put the value of the UK economy in 2024 at £2.905 trillion, or around USD 3.96 trillion, 0.5% above the previous estimate. GDP growth for 2024 has also been revised to 1.1%, while cumulative growth since 1997 is now estimated at 61.7%.Read more

22 Aug 2026

Eastern Railway is undertaking capacity expansion projects worth around INR 12,000 crore over the next four to five years to increase route capacity across its network. Around INR 10,000 crore of the investment will be used for 563 km of line expansion, while INR 2,000 crore will go towards 10 bypass projects. Eastern Railway General Manager Gitika Pandey said the expansion would help improve logistics, supply chains and manufacturing competitiveness. The discussions also covered the role of MSMEs in the railway ecosystem and the recently passed MSME Development (Amendment) Bill, 2026, aimed at addressing delayed payments to small businesses.Read more

22 Aug 2026

Australian shares moved slightly lower as technology and real estate stocks came under pressure, offsetting gains in the energy sector. The S&P/ASX 200 declined 0.2%, with technology stocks recording the sharpest fall among major sectors. Real estate stocks also slipped to their lowest level since mid-April. The market was also responding to weaker employment data, which reduced expectations of another interest rate hike but did not provide much support to retail spending or home-loan demand. Energy stocks continued their recent gains, while mining stocks were affected by weaker iron ore and copper prices.Read more

22 Aug 2026

Tata Power Renewable Energy has launched its Har Ghar Solar initiative in Bihar, with a target of facilitating rooftop solar adoption in five lakh homes over the next three years. The initiative comes as the state seeks to increase solar adoption, supported by additional subsidies under the PM Surya Ghar scheme. Tata Power said Bihar has a rooftop solar potential of 32 GW against peak demand of around 9 GW across residential, commercial and industrial consumers. The company has also introduced its Mysine battery storage system and plans village-level solar installations through its Mera Gaon, Mera Solar programme.Read more

22 Aug 2026

The Securities and Exchange Board of India (Sebi) has barred six preferential allottees of Dhenu Buildcon Infra Ltd (DBIL) from disposing of their company shares after finding prima facie evidence of fund round-tripping involving purported loans of INR 1,000 crore. The regulator said the company received the amount through 46 transactions involving seven entities, but bank records indicated that the funds originated from an initial pool of just INR 25 crore. Sebi said INR 840 crore was later converted into equity, with the six allottees holding about 99.70 per cent of DBIL’s diluted equity share capital.Read more

Gurugram News Desk

22 Aug 2026

The Haryana government has approved two road infrastructure projects worth a combined INR 68.69 crore in Gurugram, covering the long-pending missing link between Sectors 68 and 69 and the upgradation of the 7.1-km IFFCO Chowk-Southern Peripheral Road (SPR) corridor. Approved at a High Powered Works Purchase Committee meeting chaired by Chief Minister Nayab Singh Saini, the projects will add service roads, footpaths, cycle tracks, stormwater drainage and junction improvements. The Sector 68-69 project will provide an alternative connection towards Sohna Road and SPR, while the IFFCO-SPR upgrade will improve movement across several established residential and commercial sectors.Read more

22 Aug 2026

French rail manufacturer Alstom is in discussions with Indian Railways for a follow-on order of 200 electric locomotives to be manufactured at its Madhepura facility in Bihar, according to a senior company executive. The company is also exploring the use of the plant for producing other railway-related products. The development comes as Alstom moves towards completing its existing contract for 800 electric freight locomotives, which is scheduled to be completed by March 2028. The Madhepura facility was established through a joint venture between Indian Railways and Alstom in 2015, with the original agreement covering the manufacture of 800 electric locomotives. The proposed additional order would extend the manufacturing activity at the Bihar facility beyond the existing production programme.Read more

22 Aug 2026

Indian lenders have raised around USD 4 billion through global bond issuances in recent months, with strong demand from international investors expected to support further fundraising in the second half of 2026. The issuances between mid-June and mid-August included fundraising by HDFC Bank, State Bank of India, ICICI Bank, Axis Bank and Bank of Baroda. Citi India said investor demand allowed several lenders to secure tighter pricing than initially indicated. The fundraising comes after the Reserve Bank of India introduced measures to attract more foreign currency into the country amid pressure on the rupee.Read more

22 Aug 2026

The Ministry of Road Transport and Highways plans to tighten accountability among highway contractors and consultants following concerns over excessive subcontracting and defective project planning. Road Transport and Highways Minister Nitin Gadkari said on Wednesday, 19 August, that contractors resorting to multiple layers of subcontracting could face blacklisting for two to three years. The ministry also plans to assess contractors and Detailed Project Report consultants through performance ratings and audits. Gadkari said defective DPRs and poor planning were contributing to highway accidents and fatalities. The ministry is also reviewing subcontracting provisions and considering international standards for preparing major project reports.Read more

22 Aug 2026

JLL has introduced a new framework for assessing Shanghai’s Grade A office buildings, identifying a category called Elevated Premium Grade A offices based on development and operational performance. The framework, outlined in the consultancy’s latest white paper, uses three traditional development criteria alongside five additional dimensions covering human-centric experience, asset management adaptability, submarket empowerment, sustainability and intelligence. JLL’s Q2 2026 data showed that these higher-performing offices recorded average rents of RMB 8.5 per sq m per day, with nearly 70% reporting stable or rising rents during H1 2026. Their leasing velocity for projects completed after 2022 was 2.7–2.9 times that of regular Grade A offices, while 94% of relocation demand represented upgrades.Read more

22 Aug 2026

A Vande Bharat train has crossed the Chenab Bridge in Reasi district at nearly 100 kmph for the first time, following approval to raise the maximum permissible speed on the Katra-Banihal rail section. The development marks an operational milestone for the Udhampur-Srinagar-Baramulla Rail Link (USBRL), which connects the Kashmir Valley with the wider Indian railway network. The Chenab Bridge, the world’s highest railway bridge, forms a key part of the route. The higher speed is expected to reduce travel time on the Katra-Banihal section and improve the efficiency of train operations across the strategically important corridor.Read more

22 Aug 2026

Larsen & Toubro (L&T), in consortium with Japan's Mitsubishi Heavy Industries (MHI), has secured a large order to design and build an automated people mover (APM) system for Phase 1 of Al Maktoum International Airport in Dubai. L&T said the order falls in the INR 2,500 crore to INR 5,000 crore category. The contract covers the design, construction, supply, testing, commissioning and operational readiness of the fully integrated, driverless mass transit system and its associated infrastructure. The airport, once fully developed, is planned to handle up to 260 million passengers and 12 million tonnes of freight annually.Read more

22 Aug 2026

Land does not depreciate, does not need a tenant to exist, and rewards patience in a way flats and offices rarely do. But "investing in land" is not one strategy, it is at least four, each with its own timeline, risk and exit. This piece looks at how Indian investors currently approach land: buying and holding it raw, building on it, leasing it out, and, increasingly in cities like Mumbai, redeveloping what already stands on it.Read more