Lucknow News Desk

23 minutes ago

The Lucknow Municipal Corporation intensified its property tax recovery drive and sealed seven establishments across two zones of the city after they failed to clear long-pending dues despite repeated notices. Three properties in one zone had arrears exceeding INR 1.5 crore, while four others in another zone together owed close to INR 1 crore and additional dues exceeding INR 94 lakh. The establishments include government-linked offices, a research centre and public institutions. Civic officials said the action followed multiple warnings and was carried out under municipal rules as part of efforts to improve tax recovery and ensure compliance among institutional property owners.Read more

Hyderabad News Desk

13 Mar 2026

The Greater Hyderabad Municipal Corporation (GHMC) has intensified enforcement against littering and illegal waste dumping across Hyderabad, issuing more than 10,000 challans and collecting penalties exceeding INR 2 crore. The fines were imposed between April and December last year as part of a sanitation enforcement drive using the Comprehensive Challan Management System (CCMS) mobile application. Civic officials used the digital platform to record violations and issue penalties for 11 categories of sanitation offences, including roadside littering, improper disposal of construction and demolition waste, and failure by commercial establishments to maintain waste bins. Daily penalties collected during the drive ranged between INR 75,000 and INR 1 lakh. The initiative forms part of a broader cleanliness programme aimed at eliminating garbage-vulnerable points and improving waste management across Hyderabad's municipal limits.Read more

13 Mar 2026

Several global banks have taken precautionary measures in the Gulf region after Iran warned it could target economic and banking interests linked to the United States and Israel. Citigroup asked employees to evacuate its offices in Dubai and shift to remote work, while Standard Chartered also began moving staff out of offices as a safety step. HSBC temporarily closed all its branches in Qatar to protect staff and customers. The developments come after missile exchanges and rising regional tensions, raising concerns about Dubai's reputation as a stable financial hub that has long attracted international banks and investors.Read more

Pune News Desk

13 Mar 2026

A joint venture between T&T Infra Ltd and Univastu India Ltd has secured a civil construction contract valued at INR 229.97 crore from Maharashtra Metro Rail Corporation Limited (Maha-Metro) for works associated with the Pune Metro Rail Project. The project covers the design and construction of a 1.123 km elevated metro viaduct along the Vanaz Chandani Chowk section of Line-2A. The scope also includes building two metro stations Kothrud Bus Depot and Chandani Chowk along with a first-level integrated double-decker flyover at the Kothrud Depot. Additional works involve constructing a foot overbridge connecting the corridor to a national highway and developing stabling lines at the Bhakti Shakti end of the PCMC Nigdi corridor. The contract will be executed through the T&T Univastu JV, with project completion scheduled within 27 months.Read more

Chennai News Desk

13 Mar 2026

Ashok Leyland has announced plans to invest between INR 400 crore and INR 500 crore to establish a new battery pack manufacturing facility at Pillaipakkam near Chennai in Tamil Nadu. The greenfield facility will support the company's electric mobility strategy and strengthen localisation of battery pack production in India. The project forms part of investment commitments made by the Hinduja Group under a memorandum of understanding signed with the Tamil Nadu government in September 2025. The plant is expected to enhance domestic EV manufacturing capability and contribute to the development of the country's electric vehicle ecosystem.Read more

13 Mar 2026

A family trust linked to Austrian real estate developer Rene Benko has filed for insolvency after being ordered to pay about USD 1 billion following arbitration rulings in favour of companies connected to Abu Dhabi's sovereign wealth fund Mubadala Investment Company. The development is another fallout of the collapse of Benko's property group Signa Holding, which entered insolvency in 2023 and triggered one of Europe's largest real estate failures. The trust, named after Benko's daughter, approached a court in Innsbruck after the arbitration decisions created financial obligations it could not meet.Read more

13 Mar 2026

The Northeast Frontier Railway is set to launch a new intercity train connecting Narangi near Guwahati in Assam with Agartala in Tripura this Friday. The service will pass through key stations such as Jagiroad, Hojai, Lumding, New Haflong, Badarpur, New Karimganj, Dharmanagar, Kumarghat and Ambassa. This initiative is expected to improve travel for passengers from Assam's Barak Valley, the hill districts, and northern Tripura. Officials have highlighted that the train will make travel more convenient, support regional mobility, and complement the existing rail network, strengthening connectivity in the Northeast.Read more

13 Mar 2026

The Competition Commission of India (CCI) has approved Cube Highways and Infrastructure V Pte. Ltd's acquisition of certain road asset businesses belonging to the Dineshchandra R. Agrawal Group. The transaction involves four special purpose vehicle companies that operate highway projects in India under concession agreements with government authorities. These projects function under toll and annuity models. Cube Highways, a foreign portfolio investor registered with the Securities and Exchange Board of India, continues to expand its presence in India's operational highway sector through acquisitions of infrastructure assets developed by construction companies.Read more

13 Mar 2026

The central government has approved 104 research and development projects worth INR 271 crore to support the development of 6G technology under the Telecom Technology Development Fund (TTDF). In a written reply in the Rajya Sabha earlier this week, Minister of State for Telecom Chandra Sekhar Pemmasani said the initiatives form part of the Bharat 6G Mission, which aims to position India among global leaders in sixth-generation telecom technology by 2030. The government had earlier released the Bharat 6G Vision Document outlining a roadmap for research, development and deployment of next-generation networks. In addition, 100 5G Use Case Labs have been established in academic institutions across the country to help students, researchers and startups develop applications and capabilities that will support future 6G networks and related digital infrastructure.Read more

13 Mar 2026

The Delhi government is moving ahead with plans to build an inter state bus terminus (ISBT) on about 20 acres of land reclaimed from the Bhalswa landfill. The project aims to improve bus connectivity from northern states and enhance passenger facilities in the city's north. The landfill is one of three major sites targeted for removal by next year. Alongside this, Delhi will induct 200 new electric buses this month, expanding its fleet to a projected 7,500 by year end. Upgrades to depots, automated testing stations, and EV charging infrastructure are also part of the city's wider transport modernization plans.Read more

13 Mar 2026

Japan-based Mitsubishi UFJ Financial Group (MUFG) and the State Bank of India (SBI) have entered into a strategic partnership to structure and finance projects for Indian and global clients. The collaboration will focus on mergers and acquisitions (M&A), real estate financing, trade finance, and retail banking solutions. The move comes after the Reserve Bank of India allowed domestic banks to fund up to 75% of corporate acquisitions starting April 1. By combining SBI's domestic presence with MUFG's global network, the partnership aims to support Japanese companies investing in India and Indian firms expanding abroad, while also exploring opportunities with mid-sized companies and MSMEs.Read more

Noida News Desk

13 Mar 2026

Noida International Airport at Jewar in Gautam Buddha Nagar district has received an aerodrome licence from the Directorate General of Civil Aviation (DGCA), marking a critical regulatory milestone ahead of the launch of scheduled commercial operations. The licence certifies that the airport's infrastructure, operational procedures, navigation systems, and safety protocols comply with national civil aviation regulations. The approval follows security vetting by the Bureau of Civil Aviation Security (BCAS) and allows the airport operator to advance preparations for passenger and cargo services. Officials indicated that the start of commercial flights will be finalised after approval of the Aerodrome Security Programme by BCAS and coordination with airlines and government authorities. Developed as a greenfield airport serving the National Capital Region and western Uttar Pradesh, the facility's first phase includes a runway and a terminal designed to handle up to 12 million passengers annually.Read more

13 Mar 2026

Eight Continents Hotels & Resorts has secured USD 7 million in its first funding round from Singapore-based investment holding firm Ionware Inc. The funding will be used to support the company's international expansion plans, strengthen its hospitality portfolio and enhance experiential offerings for guests. The group is already in the process of acquiring overseas hospitality assets, including La Barbarie in Guernsey Island and The Vincent Hotel in Southport, where the handover process is currently underway. The investment is expected to help the company expand its operational capabilities while building a stronger presence in international hospitality markets.Read more

13 Mar 2026

Dubai-based logistics major DP World reported that its flagship facility, Jebel Ali Port, continues to operate normally with no damage to infrastructure despite disruptions caused by the ongoing Iran conflict. However, inbound vessel traffic has declined as the conflict has severely affected shipping routes through the Strait of Hormuz. The situation has increased security and logistical challenges for port operators across the Gulf. DP World has implemented rerouting and mitigation measures while reporting strong financial performance and cargo volumes across its global terminal network.Read more

13 Mar 2026

Real estate developer Assotech Realty plans to invest around INR 200 crore to develop a hospitality project in Shirdi, Maharashtra, tapping into the town's growing religious tourism market. The proposed development will be built on a 2.5-acre site and will comprise 160 suites, each measuring approximately 45 square metres. Hospitality group Atmosphere Core has been appointed to operate and manage the property once completed. Company officials said the hotel is expected to become operational within about two and a half years. Shirdi, home to the revered Sai Baba temple, attracts an estimated 25 million devotees annually, creating sustained demand for organised accommodation and hospitality infrastructure. Assotech Realty, which already operates Sandal Suites in Noida through Lemon Tree Hotels, said the project forms part of its broader plan to expand hospitality developments in major pilgrimage and tourism destinations.Read more

13 Mar 2026

Logistics and sustainable infrastructure firm Cargo Matters plans to invest INR 100 crore to establish an electric vehicle manufacturing and charging hub in Andhra Pradesh following a memorandum of understanding signed with the state government. The facility is proposed in Madanapalle and will function as an integrated green freight hub supporting heavy commercial vehicle electrification. The development will include a manufacturing unit for EV chargers, a retrofit facility for converting heavy vehicles to electric powertrains and a research and development centre focused on validation and certification. Of the total planned investment, around INR 50 crore has been earmarked for charging infrastructure designed to support regional heavy-duty electric freight corridors. The company has submitted a detailed project report to the Andhra Pradesh Industrial Infrastructure Corporation seeking allocation of 18 acres of industrial land for the project.Read more

13 Mar 2026

A financial irregularity involving the Maharashtra Housing and Area Development Authority (MHADA) has come to light after investigators found that several developers failed to pay rent for transit tenements allotted during redevelopment projects in Mumbai. The unpaid dues have accumulated to around INR 121 crore over nearly 25 years. Police have registered a case against about ten developers and companies following a complaint filed by MHADA officials. The matter has now been transferred to the Economic Offences Wing for detailed investigation, with authorities examining redevelopment agreements, transit housing records, and long-pending payment obligations.Read more

13 Mar 2026

A new highway corridor connecting Indore in Madhya Pradesh with Hyderabad is progressing steadily and is expected to improve road connectivity between central and southern India. The four-lane highway forms part of the Indore Ichhapur National Highway and includes three tunnels through difficult mountainous terrain to remove dangerous ghat sections. Officials from the National Highways Authority of India recently reviewed the project and indicated that the corridor is likely to be completed by December 2026. Once operational, the route is expected to reduce travel time, improve road safety and support smoother movement of passenger and commercial vehicles.Read more

13 Mar 2026

IDBI Bank has moved ahead with plans to establish a new office in Amaravati after signing a lease agreement with the Andhra Pradesh Capital Region Development Authority (APCRDA). The bank has been allotted 0.4 acres of land in Uddandarayunipalem where it plans to develop its office with an investment of about INR 50 crore. The project is expected to generate around 200 employment opportunities. Officials from IDBI Bank and APCRDA completed the agreement and registration process in the presence of senior representatives, marking another institutional investment in the developing capital region.Read more

13 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) is nearing the completion of 906 rehabilitation flats for families affected by the Goregaon-Mulund Link Road (GMLR) project in Mumbai. Built across seven residential buildings at Kanjurmarg West, each unit is around 300 sq ft and includes basic living facilities. In the first phase, 252 families are expected to be relocated once construction is completed by the end of March. The project also includes community amenities such as a market, health centre, library, and sewage treatment plant to support residents.Read more

13 Mar 2026

Raymond Realty has launched a new residential development in Thane within the Mumbai Metropolitan Region (MMR), expanding its housing portfolio in one of the region's fastest-growing micro-markets. The project, named & Ten X District 9, is being developed on a 9-acre land parcel and carries an estimated revenue potential of about INR 2,000 crore. The announcement was made through a regulatory filing earlier this week. The development forms part of the company's broader strategy to strengthen its residential presence in Thane, where Raymond Realty has already established multiple projects under its integrated township framework. The company, which is part of the Raymond Group, continues to scale its real estate operations in the MMR housing market, focusing on large residential developments that cater to the growing demand for organised housing in suburban locations.Read more

13 Mar 2026

Marseilia Egyptian Gulf Real Estate Investment reported its standalone financial results for the financial year, showing a net profit after tax of EGP 81.3 million. The real estate developer also recorded total standalone sales of EGP 1.02 billion during the same period. The figures indicate the company's operational performance in Egypt's property sector over the year. Marseilia has been active in residential and tourism-focused real estate developments, particularly along the Mediterranean coast. The company's financial results reflect steady sales activity in its projects despite broader market challenges affecting regional real estate markets.Read more

13 Mar 2026

Grew Solar has secured a repeat order worth around INR 500 crore from an Independent Power Producer to supply its high-efficiency solar PV modules. The order is intended to support upcoming utility-scale solar projects at multiple locations across India. The company operates a 6.5 GW module manufacturing plant in Dudu, Rajasthan, with plans to expand to 11.0 GW, and is setting up an 8.0 GW solar cell facility in Narmadapuram, Madhya Pradesh. This new order reinforces the company's position in India's growing solar energy sector.Read more

13 Mar 2026

Drone logistics company Skye Air Mobility has raised USD 9 million in a Series B funding round led by IAN Alpha Fund, with participation from AVNM Ventures, Faad Capital and Bajaj Capital. The funding will be used to expand the company's hyperlocal drone delivery network and strengthen its technology infrastructure across India. Founded in 2019, the company has already completed around 3.6 million autonomous deliveries and works with clients such as Blue Dart Express, Flipkart and Tata 1MG. The fresh capital will support geographic expansion and further development of its airspace management and logistics technology platforms.Read more

13 Mar 2026

US-based healthcare solutions provider TruBridge has established a global capability centre (GCC) in Chennai to expand its technology-enabled revenue cycle management (RCM) operations and strengthen its global delivery network. The centre has been set up in partnership with consulting firm Zinnov and will initially focus on services including accounts receivable management, medical coding, consulting and related RCM support for hospitals. The facility begins operations with an initial workforce of 57 professionals and is expected to scale significantly over the next 12-18 months as capabilities expand. TruBridge, which supports over 1,500 healthcare clients and employs around 3,500 people globally, said the India expansion is aimed at strengthening operational capacity, advancing healthcare technology innovation and improving financial outcomes for healthcare providers. The centre will operate as part of the company's global service network while adhering to established data privacy and compliance standards.Read more

13 Mar 2026

Citigroup and Standard Chartered have begun evacuating staff from their Dubai offices and shifting operations to remote work following escalating geopolitical tensions in the Middle East. Citigroup instructed employees to vacate its offices in the Dubai International Financial Centre (DIFC) and Oud Metha and work from home until further notice, according to an internal memo. HSBC has also closed all its branches in Qatar to safeguard staff and customers. The precautionary measures follow threats by Iranian military authorities to target economic and banking interests linked to the United States and Israel in the Gulf region after an attack on an Iranian bank in Tehran. The developments have heightened concerns about regional security and raised questions over Dubai's positioning as a stable financial hub for international banks and global financial institutions.Read more

13 Mar 2026

EIH Associated Hotels Ltd is set to invest INR 15 crore to add 10 luxury tents at Hotel Trident, Udaipur. The board recently approved the plan, emphasizing the company's focus on enhancing guest experiences and expanding services. The tents will complement the hotel's current 142-room capacity, which is fully occupied. Funded through internal accruals, this expansion aims to cater to growing demand for unique luxury accommodations. The project underscores EIH's commitment to reinvesting in premium hospitality infrastructure while maintaining high service standards.Read more

Mumbai News Desk

13 Mar 2026

Mumbai's civic administration is moving forward with a plan to build distinctive entry arches at major entry points, complemented by practical amenities. The mayor recently visited Vashi, Airoli, and Mulund entry points to review progress and fast-track planning. The arches will be accompanied by landscaped parks, parking spaces, air conditioned restrooms, and designated stalls for local entrepreneurs and community groups. Additionally, a transport and commercial hub is being planned at the former Dahisar octroi site, integrating bus services, retail spaces, and hotels to improve connectivity and revenue generation.Read more

13 Mar 2026

Seven labourers lost their lives and four others were injured after a mound of soil collapsed at a construction site of a residential project by Signature Global in Gurugram. The incident occurred while workers were carrying out excavation work for a Sewerage Treatment Plant (STP). Around 12-15 labourers were trapped when the soil suddenly caved in. Rescue teams from the police, SDRF and NDRF carried out operations and pulled out the workers, who were taken to a hospital in Bhiwadi. Authorities have registered a case, detained project officials and halted construction activity while an inquiry is underway.Read more

13 Mar 2026

A family trust established for Austrian property developer Rene Benko has filed for insolvency after being ordered to pay about USD 1 billion to companies linked to Abu Dhabi sovereign wealth fund Mubadala. The insolvency filing by the Laura Private Foundation follows arbitration rulings issued earlier this year by the International Court of Arbitration in Switzerland, which directed the trust to settle claims worth about EUR 900 million. The development comes amid the broader collapse of Benko's Signa property group, once one of Europe's largest real estate conglomerates with holdings including luxury hotels in Venice and Vienna and stakes in retail chains such as Selfridges and Globus. Benko, who was arrested about a year ago, has been convicted in separate insolvency-related fraud cases and is currently appealing the rulings.Read more

13 Mar 2026

The Ranchi Municipal Corporation (RMC) has launched an enforcement drive requiring operators of hostels, lodges, dharamshalas and banquet halls to obtain mandatory municipal licences and comply with safety and building regulations. Establishments operating without permits have been directed to secure approvals by 15 March or face penalties, closure or sealing under provisions of the Jharkhand Municipal Act, 2011. The civic body said licences will be issued only after verification of approved building plans, commercial holding status and compliance with safety requirements such as fire-fighting equipment, CCTV surveillance, designated entry and exit points and adequate parking. Officials indicated that the move aims to regulate the growing number of accommodation and event facilities in the city, many of which are currently operating without formal approvals, raising concerns over safety and regulatory compliance.Read more

13 Mar 2026

Jayesh Logistics Ltd has secured a transportation contract valued at INR 34.42 crore from the Adani Group to support operations linked to a thermal power project in Madhya Pradesh. The contract involves transporting approximately 2.7 lakh metric tonnes of coal rejects from the Parsa Kente Colliery operated by Parsa Kente Collieries Ltd to the Mahan Energen thermal power plant located in Singrauli district. The work order, disclosed through a regulatory filing to the National Stock Exchange, will be executed over a period of 12 months. The company stated that the contract was awarded by a domestic entity and does not involve any related-party transaction. The project forms part of ongoing logistics and material handling activities required to support coal-based power generation operations in the region.Read more

Chennai News Desk

13 Mar 2026

The launch of two major urban rail projects in Chennai the MRTS extension from Velachery to St Thomas Mount and the first operational stretch of Chennai Metro Phase-2 has been delayed, postponing services that were expected to begin in early March. The 4.5 km MRTS extension, built at a cost of about INR 734 crore, is awaiting final safety certification from the Chief Commissioner of Railway Safety (CCRS) before passenger operations can commence. At the same time, the initial 14.6 km section of Metro Phase-2 between Poonamallee Bypass and Vadapalani has received conditional clearance but cannot open until remaining construction works, including deck slab installations on a double-decker viaduct, are completed. The two projects are expected to strengthen multimodal connectivity in the city by linking suburban rail, MRTS and metro networks once operational.Read more

13 Mar 2026

Mumbai Police have filed another chargesheet against real estate developer Sanjay Chhabria, promoter of Radius Estates and Developers Pvt Ltd, in an alleged cheating case involving Yes Bank amounting to about INR 30.39 crore. Investigators claim that funds sanctioned for a redevelopment project were diverted and used for purposes unrelated to the project. The case is part of a broader investigation into financial transactions linked to the Yes Bank DHFL controversy. Chhabria and companies connected to the Radius Group have faced scrutiny from several agencies over the past few years regarding alleged loan diversion and financial irregularities.Read more

13 Mar 2026

A unit of TALAAT MOUSTAFA GROUP HOLDING has joined efforts to establish a real estate investment fund valued at EGP 8 billion. The fund's ownership is split, with CI Capital holding approximately 51% and the Arab Company for Projects and Urban Development owning around 49%. This move marks a strategic step for TMG's unit to expand its presence in the real estate investment sector. The initiative aims to pool resources for development projects and create structured investment opportunities in Egypt's growing property market.Read more

13 Mar 2026

The Haryana Real Estate Regulatory Authority (HRera) recently dismissed several complaints from homebuyers, citing lack of jurisdiction or noting that statutory remedies had already been provided. Cases included disputes over maintenance deposits and delayed possession claims. HRera clarified that disputes arising from private agreements between buyers and third parties fall outside its remit. It also emphasized that allottees who continue with projects after earlier compensation orders, such as interest for delay under the Real Estate (Regulation and Development) Act, 2016, are generally not entitled to additional claims for the same cause.Read more

13 Mar 2026

The Gujarat government has launched a statewide system to digitally track and monitor more than 1.5 lakh public assets through an Asset Safety Monitoring Portal. The platform will integrate information on roads, bridges, government buildings and other infrastructure to ensure regular inspection and maintenance. A directive issued by the General Administration Department requires officials to upload inspection reports and photographs through the portal. District collectors and municipal commissioners will conduct periodic reviews, while a dedicated monitoring cell will oversee operations at the state level. The system is expected to help authorities identify structural risks early and ensure timely repairs.Read more

13 Mar 2026

Vizhinjam International Seaport in Kerala is moving ahead with plans to develop a 20-acre cruise village to support international cruise tourism. The port operator has formally submitted the proposal to state authorities, and it is under government review. The project is designed to align with future port expansion phases and provide a dedicated hub for cruise passengers, with facilities like lounges, baggage handling, customs, and transport connectivity to nearby tourist destinations. The initiative strengthens Vizhinjam's position as a growing maritime and cruise tourism hub.Read more

Bangalore News Desk

13 Mar 2026

The Greater Bengaluru Authority (GBA) has issued a final warning to 1,010 property owners who have not paid property tax, with total pending dues estimated at about INR 33.9 crore across five city corporations. The unpaid amount includes around INR 14.3 crore from 510 major defaulters and INR 19.6 crore linked to about 500 reassessment cases. Civic officials have asked zonal authorities to speed up recovery and have published lists of major defaulters online. The authority has also begun auctioning properties to recover dues, with two properties already auctioned in the KR Pura zone.Read more

13 Mar 2026

Haryana authorities have set up a four-member joint committee to probe illegal tree felling and unauthorised construction in the Raisina village area of Sohna tehsil, Gurugram. The panel will inspect Gair Mumkin Pahar, uncultivable rocky land, to identify violations of environmental and forest laws and recommend preventive or remedial measures. This follows directions from the National Green Tribunal (NGT), which has been monitoring encroachments and illegal activities in the Aravali range for years. The committee's findings will be submitted for NGT review, and may lead to demolition, ecological restoration, or environmental compensation.Read more

13 Mar 2026

The Union Cabinet has approved a revised project cost of INR 3,630.77 crore to develop a road corridor connecting the upcoming Noida International Airport at Jewar with major expressway networks in the National Capital Region. The 31.42-km greenfield corridor will link the airport to the Delhi-Mumbai Expressway through the DND Faridabad-Ballabhgarh-Sohna spur. Around 11 km of the road will be elevated to ensure smooth traffic flow. The project aims to improve access from Delhi, Faridabad and Gurugram and support passenger and cargo movement once the airport begins operations.Read more

13 Mar 2026

Indian pharmaceutical exporters have urged the government to introduce freight subsidies and provide logistical support as escalating shipping costs threaten the competitiveness of drug shipments to overseas markets, particularly West Asia. The Pharmaceuticals Export Promotion Council of India (Pharmexcil) said freight rates have risen sharply due to disruptions in maritime routes and increased insurance costs linked to geopolitical tensions in the Gulf region. Exporters are facing surcharges ranging from USD 4,000 to USD 8,000 per shipment, significantly increasing logistics expenses. The West Asia and North Africa region accounts for about 5.5% of India's pharmaceutical exports and remains a key destination for generic medicines. Industry bodies have warned that continued disruption to shipping routes could lead to export losses of up to INR 2,500-5,000 crore and have sought government intervention to stabilise logistics costs and maintain export momentum.Read more

13 Mar 2026

Indian Railways has started a redevelopment programme for 12 stations along the Prayagraj Junction Pandit Deen Dayal Upadhyay (DDU) Junction corridor, aimed at improving passenger experience and operational efficiency. The initiative coincides with the construction of a third railway line designed for speeds up to 160 km/h. Redevelopment plans include modern station buildings, platforms dedicated to the third line, dual-entry access points, and upgraded foot over bridges. Early work at Karchana and Mirzapur stations, including new buildings and bridges, reflects progress on this significant corridor enhancement.Read more

13 Mar 2026

Mysuru City Corporation (MCC) has proposed deploying Light Detection and Ranging (LiDAR) technology to enhance property tax assessment and strengthen municipal revenue collection in Mysuru, Karnataka. The civic body intends to conduct drone-based aerial surveys to generate precise three-dimensional maps of properties, enabling authorities to identify building dimensions, number of floors, land-use changes, and unauthorised constructions that may currently be outside the tax net. MCC presently collects around INR 237 crore annually in property tax from nearly two lakh residential and commercial properties, while water tax collection stands at about INR 60 crore. With LiDAR-based GIS property mapping, the civic body expects property tax collections to increase to approximately INR 300 crore and water tax receipts to about INR 90 crore. The proposal has been submitted to the state urban development department, following a technical demonstration conducted by experts from the National Institute of Technology, Calicut.Read more

13 Mar 2026

The Supreme Court has instructed the Uttar Pradesh government to clear all encroachments on land allocated for a new 66 MLD sewage treatment plant at Kondli, Ghaziabad, to prevent untreated wastewater from contaminating the Kondli drain and the Yamuna river. The court highlighted gaps in the state's affidavit regarding timelines and reasons for local disputes over access to the site. With some residents seeking a road through part of the land, the court emphasized the need for immediate action so construction can proceed without further delays.Read more

13 Mar 2026

Indian Railways has sanctioned infrastructure and technology upgrade projects worth over INR 765 crore to modernise electric traction systems and strengthen communication networks across key railway corridors. The approved works include traction system upgrades on the Duvvada-Visakhapatnam-Vizianagaram section under East Coast Railway and the Raichur Guntakal section in the South Central Railway zone, both of which will shift from the existing 125 kV electrification system to a more advanced 225 kV configuration. In addition, the railways have cleared a project to expand the optical fibre communication network across the Vadodara and Mumbai Central divisions of Western Railway. The upgrades are intended to support higher freight loading, improve operational reliability, and strengthen the digital backbone required for modern railway signalling and safety systems such as Kavach.Read more

12 Mar 2026

The Karnataka High Court has clarified that cooperative societies are not the appropriate legal structure for managing apartment complexes and their common areas. The court cancelled the registration of a cooperative society in Jakkur, noting that the Karnataka Apartment Ownership Act (KAOA) provides a clearer legal framework for ownership, voting, and administration of undivided interests in apartments. It highlighted that cooperative societies are limited by shareholding restrictions, voting constraints, and potential government intervention. The ruling reinforces that under local law and RERA, apartment owners associations under KAOA better safeguard the rights and interests of flat owners.Read more

12 Mar 2026

Utopia Real Estate Investment and Tourism has declared a full-year dividend of EGP 2 per share, reflecting its steady financial performance over the past year. The announcement underscores the company's commitment to rewarding its shareholders and maintaining a consistent return on investment. Utopia Real Estate has been actively involved in real estate development and tourism projects, and this dividend follows a period of strategic growth and portfolio management. The payout strengthens investor confidence and highlights the firm's focus on sustainable financial practices.Read more

12 Mar 2026

The National Highways Authority of India (NHAI) is actively securing bitumen supplies to ensure uninterrupted road construction amid conflict in West Asia that threatens imports. India consumes nearly 9 million tonnes annually, with around one third traditionally sourced from abroad. NHAI is coordinating with domestic refiners including IOCL, BPCL, and HPCL to lock in supplies and manage price fluctuations. Officials are also considering increasing local production and diversifying imports to Southeast Asian countries to reduce dependency. Rising global prices and logistical challenges are key concerns for ongoing highway projects.Read more

12 Mar 2026

Lufthansa Group has increased its long-haul flight capacity to Asia and Africa after witnessing a sharp rise in travel demand. The airline has added additional services on routes including Munich Singapore, Frankfurt Cape Town and Frankfurt Riyadh, while Austrian Airlines has scheduled special flights between Vienna and Bangkok. The move comes as disruptions around Middle Eastern transit hubs such as Dubai and Doha have affected global aviation networks. With several Gulf carriers operating fewer flights due to regional tensions, European airlines are adjusting schedules and adding capacity to maintain connectivity and meet growing passenger demand for direct long-haul travel.Read more