9 minutes ago

The Nagpur district administration has commissioned a fresh socio-economic survey of the Kachipura area to map around 800 properties and establish an updated baseline ahead of a proposed redevelopment into a commercial and mixed-use hub modelled on Mumbai’s Bandra-Kurla Complex (BKC). The Centre for Sustainable Development (CFSD) has been tasked with the exercise, which will assess property ownership, housing conditions, livelihoods, infrastructure and rehabilitation preferences. The survey follows a 2018 exercise that identified nearly 800 properties across the roughly 19-hectare area, including hotels, marriage lawns, automobile workshops and furniture establishments. The updated data is expected to inform land verification, project planning and rehabilitation measures as authorities work on the redevelopment framework.Read more

39 minutes ago

The Bengaluru Development Authority (BDA) is scheduled to begin allotting sites in the Dr K Shivaram Karanth Layout from August 31, with around 18,000 sites expected to be earmarked for about 3,200 farmers and landowners who surrendered land for the project. Spread across nearly 3,069 acres covering 17 villages in north Bengaluru, the layout has faced legal disputes for more than a decade. The latest move follows a recent High Court clearance allowing the allotment process to proceed. BDA is also expected to open applications for members of the public on the same day, subject to final approval. Residential sites have reportedly been priced at INR 6,000 per sq ft, while the layout has 34,992 sites of various dimensions earmarked for land-givers.Read more

1 hour ago

The Navi Mumbai Municipal Corporation (NMMC) sealed a construction and development site operated by Avenue Supermarts Ltd at Plot No. 3-1A, Sector 18, Turbhe, Navi Mumbai, on 21 August 2026 for failing to implement prescribed measures to control dust and air pollution. The action followed an inspection in January by Municipal Commissioner Dr Kailas Shinde, during which several deficiencies were identified, including the absence of protective coverings, water fogging during material handling, dust suppression equipment and protective gear for workers. The civic body said the action was taken in accordance with directions issued by the Bombay High Court in Suo Motu Public Interest Litigation No. 3 of 2023 concerning rising air pollution. NMMC said enforcement against construction sites would be intensified across all municipal divisions.Read more

1 hour ago

The Confederation of Real Estate Developers' Associations of India (CREDAI) has opposed the four-month extension granted by Uttar Pradesh RERA to eligible real estate projects, saying conditions attached to the relief have made it inaccessible to most developers. More than 400 developers under CREDAI Western UP have decided to oppose the regulator’s order and have sought its withdrawal or reconsideration. The association said the extension was intended to provide relief to projects affected by force majeure linked to the West Asia situation, but additional compliance requirements and a specified eligibility period have narrowed its scope.Read more

2 hours ago

India Ratings has raised its FY27 bank credit growth forecast to 15% from its earlier estimate of 13%, citing expectations of stronger corporate working capital lending and improved deposit mobilisation through FCNR(B) deposits. However, the rating agency expects profitability to come under pressure as banks prepare for the Expected Credit Loss provisioning framework. Credit costs are projected to rise to 0.74% in FY27 from 0.65% in FY26, while system-wide return on assets is expected to decline to 1.31%. Deposit growth is also forecast to improve, though the loan-deposit ratio remains a concern.Read more

2 hours ago

US-based financial services company Capital Group has sold a 1.04% stake in Avenue Supermarts Ltd, the parent company of retail chain D-Mart, for INR 2,537.12 crore through an open market transaction. Its affiliate, American Funds Insurance Series Global Growth and Income Fund, sold 67,64,623 equity shares of the Mumbai-based company at an average price of INR 3,750.58 per share. The buyers could not be identified from the BSE bulk deal data. Avenue Supermarts shares closed 2.28% lower at INR 3,822 on the BSE.Read more

3 hours ago

The Enforcement Directorate has seized and frozen assets worth INR 33 crore following searches at seven residential and business premises linked to the promoters and directors of Gurugram-based real estate company Vatika Ltd. in Delhi-NCR. The action is part of a money laundering investigation into alleged fraud involving homebuyers and non-delivery of residential plots. The agency said its searches recovered documents and resulted in the seizure or freezing of three luxury vehicles, jewellery, bank accounts and securities. The investigation relates to multiple FIRs filed by the Economic Offences Wing of Delhi Police.Read more

3 hours ago

ITC Hotels Limited has signed a management agreement with Waterwoods Lodge and Resorts Pvt Ltd for a 22-key boutique retreat under its Storii by ITC Hotels brand in Swaraj Dweep, formerly Havelock Island, in the Andaman & Nicobar Islands. Announced on August 25, the agreement marks Storii’s entry into the Union Territory and expands ITC Hotels’ presence in India’s leisure hospitality segment. The proposed retreat will include rooms and suites along with an all-day dining restaurant, bar, swimming pool, fitness centre, spa and children’s play area. The property is planned around the island’s natural setting and leisure appeal. The signing comes as ITC Hotels continues to expand its portfolio across leisure destinations, with more than 155 properties and over 14,200 keys across India, Sri Lanka and Nepal.Read more

4 hours ago

The National Bank for Agriculture and Rural Development (NABARD) and the National Bank for Financing Infrastructure and Development (NaBFID) have signed a Memorandum of Understanding to collaborate on financing infrastructure projects with significant rural linkages. The partnership will support joint financing, knowledge sharing and innovative funding solutions aimed at improving access to long-term finance. Areas covered under the agreement include irrigation, water and sanitation, rural roads and bridges, post-harvest storage, cold chains, warehousing, terminal markets and compressed biogas, along with PPP projects and agri-value chains.Read more

4 hours ago

The Centre has approved INR 840.41 crore for upgrading 45.09 km of National Highway-365BB in Andhra Pradesh, covering the Buttaigudem-LND Peta and Pattiseema-Kovvur sections. The road will be developed into a two-lane highway with paved shoulders to improve access to the Polavaram Irrigation Project and surrounding villages. Andhra Pradesh Chief Minister N Chandrababu Naidu thanked Union Road Transport and Highways Minister Nitin Gadkari for the approval. The project is also expected to improve the movement of agricultural produce, strengthen connectivity with Telangana and support tourism and pilgrimage travel along the Godavari region.Read more

5 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has approved four proposals worth a combined INR 24.43 crore for improvements to water distribution and sewage treatment infrastructure across the city. The decisions were taken unanimously at the corporation’s second general body meeting for August, chaired by Mayor Sujata Patil. The approved works include upgrading the water distribution network in Nerul village and its gaothan expansion area, replacing unsafe water reservoirs in Siddharth Nagar, Ghansoli, and installing new equipment and a sludge hygienisation plant at sewage treatment facilities in Belapur and Ghansoli. The projects are aimed at addressing low and uneven water pressure, ageing infrastructure, sewage treatment requirements, equipment efficiency and electricity consumption. Several of the sewage-related works will be funded through incentive grants received under the Union government’s ‘Jal Hi Amrut’ initiative.Read more

5 hours ago

The Patna Municipal Corporation (PMC) has approved the conversion of 3,631 leasehold properties into freehold ownership, covering plots, flats, buildings, shops, offices and other assets spread across the city. The properties, originally allotted by the Patna Regional Development Authority (PRDA), together cover around 432 acres. The conversion is expected to give eligible property holders greater ownership rights and make transactions, transfers and financing comparatively easier. Owners will have to pay prescribed conversion charges based on prevailing property values, with different rates applicable to original allottees and properties that have subsequently changed hands.Read more

6 hours ago

The planned demolition of the Rike Park Music Theatre and Exhibition Hall in Tbilisi has drawn criticism from residents, tourists and the Italian architects who designed the building. Known locally as the Rike Tubes, the 10,000-square-metre complex was built between 2011 and 2012 under the government of former Georgian president Mikheil Saakashvili but was never fully completed and has remained largely unused. The building became a prominent feature of Tbilisi’s historic skyline and a symbol of the previous government’s pro-European outlook. Demolition began in late July and is expected to continue until December.Read more

6 hours ago

The National Housing Bank (NHB) has classified the refinance account of Star Housing Finance Ltd as “fraud” following audits that flagged alleged phantom loan accounts, fund diversion and other irregularities at the affordable housing lender. A forensic audit reportedly identified loan accounts that did not correspond to genuine borrowers, along with concerns over fund utilisation, revenue recognition, employee loans and the pledging of the same loan pool to multiple lenders. The development comes as the company faces financial stress and explores a proposed change in ownership and fresh capital infusion.Read more

7 hours ago

Forty-nine micro, small and medium enterprises have proposed investments of INR 2,320.97 crore in Maharashtra's Chakan-Bhosari industrial belt in Pune district, according to Chief Minister Devendra Fadnavis. The investments, formalised through memoranda of understanding, are expected to increase production capacity and create thousands of jobs. The state government will also conduct an MSME census to assess the number, nature, employment, production capacity and requirements of such units. The announcement comes amid Opposition allegations about industries leaving Chakan because of traffic congestion and infrastructure issues, which the state government has rejected.Read more

7 hours ago

Residential sales value across India’s top seven cities is expected to grow by 8–11% in FY27, reaching around INR 7.9 trillion, even as the area sold is projected to increase by only 2–5%, according to ICRA. The rating agency attributes the expected value growth primarily to premiumisation, with homebuyers increasingly opting for higher-priced properties. The outlook follows a period in which sales values have continued to rise despite more moderate growth in volumes. Developers are also responding to changing buyer preferences by increasing their focus on premium and luxury housing. The trend is expected to support revenue growth for leading residential developers during FY27, although the divergence between sales value and volumes indicates that higher ticket sizes, rather than a substantial expansion in the quantum of housing sold, will remain the principal driver.Read more

8 hours ago

Concorde Group is set to invest around INR 80 crore in a new residential development on Hennur Main Road in Bengaluru, adding to the growing premium housing activity in North Bengaluru. The project, named Concorde Sienna, is planned on a more than 3-acre land parcel and will offer 2 BHK and 3 BHK apartments. The development is expected to cater to homebuyers seeking larger homes in a well-connected northern corridor, which has benefited from proximity to employment hubs, airport connectivity and ongoing infrastructure development. The project forms part of Concorde's continued expansion in Bengaluru's residential market.Read more

8 hours ago

IPO-bound Prism, the parent company of OYO, reported a more than four-fold increase in net profit to INR 994 crore for FY26, supported by higher business volumes, a stronger contribution from premium and company-serviced hotels and the full-year performance of G6 Hospitality. Consolidated revenue from operations rose 49.7% to INR 9,358 crore, while EBITDA more than doubled to INR 2,594 crore. Gross Booking Value increased 88.5% to INR 30,683 crore. However, the reported profit included a deferred-tax credit of INR 678 crore. The company also plans to use a major portion of its proposed IPO proceeds to reduce debt.Read more

9 hours ago

Hazoor Multi Projects has secured an INR 193.85 crore order from the National Highways Authority of India for operating as a user fee agency at Paranur Fee Plaza on NH-45 in Tamil Nadu. The contract, awarded through the e-tender process, has a tenure of 12 months and also covers maintenance of the building infrastructure located next to the toll plaza. The order adds to the company’s recent road-related contracts from NHAI and strengthens its presence in highway operations and infrastructure services. Hazoor Multi Projects also undertakes renewable energy and road construction projects.Read more

9 hours ago

Property developers and investors in the UK could be foregoing more than £1 million in borrowing capacity on individual projects by relying on manual finance sourcing instead of comparing lenders, according to research by Brickflow. Its report, The UK’s Most Expensive Mistakes, analysed 300 simulated searches covering bridging loans, commercial mortgages and development finance. The research found average net loan differences of GBP 250,000 for bridging finance, GBP 306,000 for commercial mortgages and GBP 842,000 for development finance across identical borrowing scenarios. Individual cases showed financing variations exceeding GBP 1 million, with differences affecting the amount of equity borrowers must commit and the number of projects they can undertake.Read more

10 hours ago

The Reserve Bank of India’s proposal to prevent non-banking financial companies (NBFCs) from offering revolving credit products has drawn concerns from the Federation of Indian Micro and Small and Medium Enterprises (FISME), which said the measure could affect working-capital finance for MSMEs. The RBI’s draft directions state that NBFCs should offer only term-loan products and not revolving credit facilities. The central bank has invited stakeholder feedback until August 28, 2026. FISME has urged the RBI to distinguish productive working-capital finance from consumer revolving credit and regulate risks through underwriting, monitoring, disclosure and data-governance requirements rather than imposing a blanket restriction.Read more

10 hours ago

Realty firm iUSTUS plans to develop around 2.5 million square feet of residential and commercial projects across South and East Bengaluru. Founded by Pawan Sawhney and Santosh Soni, the Bengaluru-based company said its development pipeline covers housing and commercial projects. The founders have collectively been involved in real estate developments spanning more than 7 million square feet and bring experience across investment, finance and project development. The company said it will focus on execution, disciplined capital deployment, quality, transparency and creating long-term value rather than pursuing growth only for the sake of scale.Read more

30 Aug 2026

Capital Group, Aberdeen Investments and domestic institutional investors have acquired a 2.39% stake in Welspun Corp through block deals worth INR 1,433 crore on the NSE. The transactions involved 63 lakh shares purchased at an average price of INR 2,275.30 apiece. The stake was sold by promoter entity Welspun Investments and Commercials and CEO Vipul Mathur. Following the deals, Welspun Corp’s shares surged nearly 6% to a 52-week high, while promoter holding declined to 47.46%.Read more

30 Aug 2026

The Department of Town and Country Planning (DTCP) in Gurugram is set to intensify enforcement against encroachments and unauthorised construction, following directives from the Supreme Court and Punjab and Haryana High Court. The action forms part of a wider multi-agency effort involving the Gurugram Metropolitan Development Authority (GMDA), Municipal Corporation of Gurugram (MCG), Haryana Shehri Vikas Pradhikaran (HSVP) and other authorities to reclaim public land and restore designated spaces. The enforcement drive covers illegal structures, encroachments on public land and misuse of spaces meant for designated purposes. Authorities have already begun coordinated action across the city, with agencies directed to identify, demarcate and remove violations in accordance with the applicable legal process.Read more

30 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) has begun preparations for the 2026 Ganeshotsav, with the civic administration urging residents and Ganesh mandals to adopt environment-friendly and plastic-free celebrations. A coordination meeting involving the civic body, police, other authorities and representatives of more than 75 Ganesh mandals was held at the NMMC headquarters ahead of the festival, which begins on September 14. The administration has outlined measures covering traffic, parking, road repairs, immersion routes, water conservation, waste segregation and public safety. More than 150 artificial immersion ponds are being created, while a single-window system will facilitate permissions for public celebrations without charging mandals any permission fee. The civic body will also organise the Navi Mumbai Mayor Ganesh Darshan Competition 2026, including categories encouraging smaller idols and household celebrations.Read more

30 Aug 2026

Indian Hotels Company (IHCL) has launched Taj Mount Kusur Resort and Villas in Lonavala, Maharashtra, in partnership with real estate brand Amavi. The luxury development spans 34 acres and includes 32 branded villas along with a 100-key Taj resort. The villas will be sold as part of the resort development and integrated into its inventory through a lease-back programme. The project marks IHCL’s entry into the branded villa segment as the company expands its portfolio into luxury real estate and responds to changing preferences among consumers seeking resort-linked residential properties.Read more

30 Aug 2026

India’s commercial real estate market is entering the second half of 2026 with connectivity, infrastructure, quality, flexibility and value increasingly influencing occupier and investor decisions. GCCs accounted for 43% of office leasing across major Indian cities during the first half of the year, while the country’s office stock crossed 1 billion sq ft. In Delhi NCR, infrastructure upgrades, expanding residential catchments and new employment opportunities are supporting demand for offices and organised retail. Industry leaders expect mixed-use developments, experiential retail and integrated commercial destinations to gain importance, with occupiers prioritising accessibility and consumer ecosystems and investors focusing increasingly on sustainable, demand-backed assets.Read more

30 Aug 2026

Hazoor Multi Projects has secured an INR 193.85 crore order from the National Highways Authority of India (NHAI) for operating the Paranur Fee Plaza on NH-45 in Tamil Nadu. Awarded through the e-tender process, the 12-month contract covers user fee collection at the toll plaza located at the 52.82-km point of the highway. The scope also includes maintenance of building infrastructure adjoining the fee plaza. The order strengthens the company’s exposure to highway-related operations and adds to its portfolio of infrastructure and road-sector projects.Read more

30 Aug 2026

HDFC Bank is considering an appeal against the NCLT order approving a repayment plan in the insolvency case involving media baron Subhash Chandra. The bank said only 3.2 per cent of its total claim of INR 680 crore was admitted under the order. It had opposed the resolution and voted against it. The NCLT approved a plan under which Chandra will pay around INR 6.5 crore against admitted creditor claims exceeding INR 22,000 crore, resulting in a 99.97 per cent haircut for lenders. The case originated from a default involving Vivek Infracon.Read more

30 Aug 2026

US-headquartered industrial technology company Octave Intelligence has inaugurated its Technology and Innovation Centre in Hyderabad's HITEC City, marking the launch of its India engineering hub. Spread across 2 lakh sq ft, the facility will support software engineering, artificial intelligence, cloud, data and product development for the company's global operations. Octave plans to expand the centre to 2,000 engineers in the coming years. The investment also strengthens Hyderabad's position as a major destination for global capability centres and advanced technology operations across multiple industries.Read more

30 Aug 2026

The Nagpur Bench of the Bombay High Court has rejected a petition by Shree Ganesh Builders challenging the reservation and acquisition of about 12.12 hectares of land earmarked for a sewage treatment plant. The ruling removes a major legal hurdle for the Nagpur Municipal Corporation’s proposed Pohra River Pollution Abatement Project. The court held that the builder’s purchase notice was defective because of discrepancies in the ownership details and noted that the developer had subsequently participated in acquisition and compensation proceedings. The decision allows the civic body to proceed with the long-pending sewage infrastructure project.Read more

30 Aug 2026

Jaipur Range Police has identified 101 accident-prone black spots across national and state highways and digitally mapped them for integration with Google Maps under its Operation Safer Road initiative. The locations were identified using road accident and fatality data collected over the past three years, with motorists set to receive alerts when approaching high-risk stretches. The initiative covers areas including Jaipur Rural, Dausa, Kotputli-Behror, Alwar, Sikar and Bhiwadi. Police are also seeking to expand the system across Rajasthan and eventually to other parts of the country.Read more

30 Aug 2026

The Reserve Bank of India has allowed banks to access its dollar-rupee swap facility more than once a week for large transactions involving Foreign Currency Non-Resident (Bank) deposits, according to currency traders. The change comes shortly before the special deposit scheme closes at the end of August and as banks prepare for potentially higher dollar inflows. The scheme has attracted more than USD 65 billion so far. The RBI’s move is intended to help banks manage surplus dollar liquidity and reduce pressure on overnight and forward currency markets as they handle the inflows.Read more

30 Aug 2026

LTM Ltd, the technology arm of Larsen & Toubro, has inaugurated a new technology campus at Bengal Silicon Valley in New Town, Kolkata, marking a significant expansion of the group’s technology presence in eastern India. The first phase comprises two buildings covering nearly 8 lakh sq ft and can accommodate around 5,800 engineers and other professionals. The campus will focus on artificial intelligence, data, cloud and digital engineering. West Bengal Chief Minister Shri Suvendu Adhikari also announced the allotment of an additional 10 acres of land to LTM for further expansion.Read more

30 Aug 2026

ArMee Infotech has received two Letters of Award worth INR 740.97 crore, including GST, from Bondada Engineering for executing Balance of System packages for a 600 MW AC solar power project at Fatehgarh in Rajasthan. The contracts cover engineering, procurement, manufacturing, installation, testing and commissioning, along with three years of operation and maintenance. The awards strengthen the company’s renewable energy order book as it prepares for its proposed stock market listing.Read more

30 Aug 2026

Large transport projects are changing the development profile of several Indian suburban and peripheral markets by improving connectivity to established employment centres, airports, ports and city cores. Projects such as the Thane-Borivali Twin Tunnel and Goregaon-Mulund Link Road in Mumbai, Bengaluru’s suburban rail network, Hyderabad’s Regional Ring Road and the Chennai Peripheral Ring Road are extending the reach of urban infrastructure. In Pune and Delhi-NCR, ring roads, metro extensions and interchange projects are supporting development beyond established centres. The resulting opportunities span residential townships, plotted developments, logistics, warehousing and industrial housing.Read more

30 Aug 2026

Micromax Informatics has launched a INR 250 crore family office to invest in early-stage deep-tech startups across India and global markets. The fund will focus on artificial intelligence, semiconductors, defence technology, space technology and robotics, with initial investments ranging from INR 10 crore to INR 20 crore. The initiative will combine funding with manufacturing support, semiconductor ecosystem access and industry partnerships through MiPhi Semiconductors and Bhagwati Products, helping startups move from product development to commercialisation and scale.Read more

30 Aug 2026

Turkey-based Emlak Konut Gayrimenkul Yatirim Ortakligi has signed an agreement for a revenue-sharing project involving land sale in Istanbul. Under the agreement, the real estate investment trust will have a share of INR equivalent to 2.7 billion Turkish lira in the project’s revenue. The deal adds to Emlak Konut’s use of revenue-sharing arrangements for property development, a model that has remained an important part of its business. The company is one of Turkey’s largest real estate investment trusts and has developed residential and commercial projects across the country.Read more

30 Aug 2026

ACME Solar Holdings has secured INR 1,571 crore in project financing from India Infrastructure Finance Company Ltd (IIFCL) for developing its 300 MW ACME Renewtech Sixth assured peak power project in Rajasthan. The financing marks IIFCL’s first sole greenfield funding for ACME, with the lender providing the entire project debt over a 19-year repayment period. The project has a 25-year power purchase agreement with SECI at a tariff of INR 6.28 per unit. The latest funding takes ACME Solar’s total financing secured during the current financial year to INR 10,976 crore.Read more

30 Aug 2026

Stoicap Ventures is targeting a INR 750 crore corpus for its first Category-I Alternative Investment Fund, focused on acquiring operational K-12 schools and student housing assets in India. The Stoicap-NDR Edu-Infra Rental Yield Fund will have a INR 500 crore base corpus and a INR 250 crore green-shoe option, with NDR Group serving as co-sponsor and anchor investor. The fund has received Securities and Exchange Board of India approval and plans to use a sale-and-leaseback model. Its seed portfolio is expected to include seven schools and about 2,000 student-housing beds.Read more

30 Aug 2026

B-Right and Bombay Highlines Developers have expanded their Mumbai redevelopment portfolio by securing development rights for approximately 2.5 acres in Shahid Bhagat Singh Nagar, Goregaon West. The developers have signed an initial Memorandum of Understanding (MoU) for the redevelopment, which forms part of a broader plan to build a larger presence in the locality. The company is targeting nearly 15 acres in Goregaon West over the next 18 months and plans to add four redevelopment projects to its portfolio during the current financial year. The expansion comes as redevelopment gains importance in Mumbai amid limited availability of developable land. Alongside the Goregaon project, the company is evaluating opportunities across other Mumbai locations and has a pipeline of projects under consideration.Read more

30 Aug 2026

Hundreds of homeowners from DLF and Old Gurugram colonies protested against recent demolition action, seeking regularisation of their properties and a review of the enforcement approach. The residents held a mahapanchayat at the Mini Secretariat and criticised the District Town Planner and municipal authorities for what they described as high-handed action. They argued that many of the affected colonies were developed with administrative oversight and said sudden enforcement of rules on stilt-plus-four construction and paying guest operations was causing hardship. The homeowners have decided to submit a memorandum to the Deputy Commissioner seeking relief and a penalty-based solution.Read more

30 Aug 2026

Taiwan-based electronics manufacturer Foxconn is scouting for more than 200 acres of land in India to establish a technology park and high-end electronics manufacturing facility. The company has reportedly surveyed a potential site near Sanand in Ahmedabad district, Gujarat, while evaluating locations in other states as well. The proposed facility could manufacture mobile phones and other high-end electronics. Gujarat has offered customised incentives and assistance to attract the investment. Foxconn is expected to decide on the project’s location in the coming weeks.Read more

30 Aug 2026

The 3.5-km four-lane Achampathu-Virattipathu bypass on NH-85 has reached 94% completion, with the remaining work being expedited and the road expected to open later this year. The INR 239 crore project, whose cost was subsequently revised to INR 260 crore, will bypass the existing road through Virattipathu and Achampathu and improve movement towards Usilampatti, Andipatti, Theni and Bodinayakanur. The project is also expected to support the movement of agricultural produce, including vegetables, fruits and spices, while reducing inter-district traffic through the Achampathu corridor.Read more

30 Aug 2026

PPI Public Property Invest AB has established a commercial paper programme with a framework amount of SEK 5 billion to support its existing funding structure. The programme allows the Nordic real estate company to issue commercial papers in SEK and EUR with maturities of up to 12 months. Alongside setting up the programme, PPI completed its first issuance, comprising SEK 225 million and EUR 10 million, with maturities ranging from four to six months. The issue was significantly oversubscribed, indicating strong investor demand for the company’s short-term debt instruments.Read more

30 Aug 2026

India plans to add 100 vessels to its merchant fleet over the next five years as it seeks to reduce dependence on foreign shipping lines and lower its annual freight outgo of around USD 75 billion. Shipping Minister Sarbananda Sonowal announced the plan at the National Shipping Board’s first Sagar Samvad, which also outlined a five-point roadmap covering fiscal reforms, assured cargo support, competitive financing, regulatory changes and ease of doing business. The move is part of India’s wider efforts to strengthen domestic shipping, shipbuilding and maritime employment under its long-term maritime development plans.Read more

30 Aug 2026

Sembcorp Green Infra Ltd has filed its Draft Red Herring Prospectus with Sebi to raise up to INR 3,750 crore through an initial public offering, with the entire issue comprising a fresh issue of equity shares. The company plans to use the IPO proceeds to repay certain borrowings of the company and its subsidiaries. As of March 31, 2026, Sembcorp Green Infra had 3.60 GW of operational renewable energy capacity and around 4.04 GW/GWh under construction. The renewable energy producer is also expanding into hybrid, storage-backed, round-the-clock and firm and dispatchable renewable energy projects.Read more

30 Aug 2026

The cricket competition at the 2026 Asian Games in Japan is facing concerns over the readiness of its venue and accommodation ahead of the tournament. Participating boards, including Pakistan, have questioned the recently laid and relatively untested pitch at Korogi Sports Park, converted from a baseball field, along with limited dressing-room facilities and small hotel rooms. The Pakistan Cricket Board raised the issue at an Asian Cricket Council meeting, following which the BCCI also approached Indian Olympic Association and Asian Games organisers. India’s men’s and women’s teams are scheduled to enter from the quarter-final stage.Read more

30 Aug 2026

India's air cargo sector is gaining momentum as stronger exports, cross-border e-commerce and evolving supply chains increase demand for faster freight movement. International shipments are emerging as an important growth segment, while policy changes and investments in airport cargo infrastructure are improving the efficiency of air freight operations. The expansion is creating opportunities for airlines, freight forwarders, warehousing companies and logistics providers. Rising demand from sectors such as electronics, pharmaceuticals, perishables and high-value goods is also strengthening India's position as an increasingly important hub for time-sensitive and international cargo.Read more

30 Aug 2026

Schneider Electric has launched its Installed Base Tracking campaign in India to help businesses create digital identities for critical electrical assets and improve asset lifecycle management. The initiative targets industries, commercial buildings, infrastructure and data centres, enabling organisations to shift from reactive maintenance to predictive and condition-based maintenance. By digitally recording equipment details, service history and lifecycle status, the company aims to improve planning, reduce downtime risks and support more efficient maintenance and modernisation decisions across India's expanding critical infrastructure.Read more