SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Law & Policy

BMC cracks down on restaurants encroaching mandatory open spaces in Mumbai

Mumbai News Desk

38 minutes ago

BMC has launched a city-wide enforcement drive against restaurants and hotels that have illegally occupied mandatory open spaces and emergency access areas across Mumbai. The action follows heightened scrutiny of fire safety compliance and evacuation preparedness at commercial establishments. Civic officials have begun demolishing unauthorised extensions, sheds and service-area encroachments while conducting inspections of permissions, exits and access routes. The drive is expected to continue across multiple wards as authorities seek to ensure compliance with building regulations and prevent safety risks arising from blocked open spaces and unauthorised constructions.Read more

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ED Search Operations Intensify at Jalandhar Businessman’s Premises Amid Multi-Agency Financial Probe

3 hours ago

• The Enforcement Directorate has carried out search operations at the premises of Jalandhar-based businessman Amit Bajaj in connection with an ongoing money laundering and related financial irregularities probe.
• The raids, reported across multiple locations in Punjab and Uttar Pradesh, are part of an investigation examining financial records, business dealings and property transactions linked to the case.
• The action has triggered political reactions in Punjab, with allegations of selective targeting being raised while agencies maintain the searches are part of routine enforcement under economic offences laws.
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NGT Directs Uttar Pradesh to Investigate Alleged Unauthorised Groundwater Extraction by Noida Developers

Noida News Desk

4 hours ago

The National Green Tribunal (NGT) has directed the Uttar Pradesh Ground Water Department to investigate allegations of illegal groundwater extraction by real estate developers in Noida and Greater Noida. The case originates from a petition raising concerns over large-scale dewatering and borewell usage at multiple construction sites. The tribunal has asked authorities to verify facts on the ground, identify violations, and take appropriate action, including penalties where necessary. It also stressed procedural fairness, noting that all alleged violators must be properly heard during the inquiry process.Read more

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ED alleges diversion of homebuyers’ funds, attaches assets worth INR 100 crore in Jaypee case

7 hours ago

• The Enforcement Directorate (ED) has provisionally attached assets worth around INR 100 crore in connection with its investigation involving Jaypee Infratech and Jaiprakash Associates.
• The agency alleges that funds collected from homebuyers were diverted and laundered through related transactions.
• The action forms part of an ongoing money laundering probe based on allegations of financial irregularities and fund diversion.
• The case is significant for thousands of homebuyers awaiting resolution of long-delayed housing projects.
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Lawyer faces police action over use of Maharashtra minister's official residence in property notice

8 hours ago

• A lawyer has been booked after allegedly mentioning the official residence of Maharashtra minister Shri Chhagan Bhujbal in a public notice linked to a private property redevelopment matter.
• The complaint was filed by the minister's office, which claimed the government bungalow's address was used without authorization.
• The notice pertained to a stalled cluster redevelopment project in Mumbai's Girgaon area.
• Police have registered a non-cognisable case and initiated an inquiry into the alleged misuse of the official address.
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ED widens GST fraud probe with fresh raids linked to Punjab minister Sanjeev Arora

11 hours ago

The Enforcement Directorate (ED) has conducted a fresh round of searches across Punjab and Uttar Pradesh as part of its money laundering investigation into an alleged INR 100 crore GST fraud linked to mobile phone trading. The probe involves Punjab minister Sanjeev Arora, who was arrested last month and is currently in judicial custody. Search operations covered multiple residential and business premises associated with individuals and entities under investigation, including Hampton Sky Realty Ltd., a company linked to Arora. The latest action marks an expansion of the agency’s inquiry into alleged fraudulent GST transactions and the suspected laundering of proceeds generated through the scheme. The case has also had political implications in Punjab, with Arora’s ministerial portfolios being reassigned following his arrest.Read more

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Bombay High Court reinforces homebuyers' right to interest for every month of delayed possession under RERA

15 hours ago

• The Bombay High Court has clarified that homebuyers are entitled to receive interest for every month of delay in possession under the provisions of RERA.
• The ruling strengthens consumer protections by ensuring compensation is linked to the actual period of delay.
• The decision is expected to have significant implications for ongoing and future disputes involving delayed housing projects.
• Legal experts believe the judgment reinforces the accountability framework established under the Real Estate (Regulation and Development) Act.
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Expert panel clears Great Nicobar airport SIA, flags displacement and compensation concerns

17 hours ago

• An Independent Multi-disciplinary Expert Group constituted by the Andaman and Nicobar Lieutenant Governor has cleared the Social Impact Assessment for the proposed Greenfield International Airport at Great Nicobar Island, finding project benefits to outweigh social costs.
• The airport requires 834.64 hectares across Gandhi Nagar and Shastri Nagar villages, of which 337.36 hectares is private land; all 248 surveyed families expressed willingness to relinquish their holdings voluntarily.
• Affected communities have demanded compensation at Port Blair circle rates, government employment, INR 50,000 per coconut tree, and rehabilitation adjacent to the airport.
• The seven-member panel unanimously recommended proceeding with the project, subject to fair compensation, a robust rehabilitation plan, and stronger
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Lucknow fire department issues notices to hotels over safety violations

11 Jun 2026

The Lucknow Fire Department has issued notices to 20 hotels after inspections revealed violations of mandatory fire safety norms, intensifying a citywide compliance drive launched following recent fire incidents at hospitality establishments across the country. The affected hotels have been given 45 days to rectify deficiencies related to firefighting systems, emergency preparedness and evacuation infrastructure. The enforcement action forms part of a broader audit of hotels, restaurants, clubs and commercial establishments being undertaken across the Uttar Pradesh capital. Authorities have warned that failure to address the identified shortcomings within the stipulated period could lead to further action under fire safety regulations. The inspections have highlighted continuing concerns regarding fire preparedness in hospitality properties and other public-use buildings in Lucknow.Read more

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SGNP faces renewed scrutiny as activists raise ecological and biosafety concerns

11 Jun 2026

• Environmental groups have raised concerns over ecological management and biosafety practices within Sanjay Gandhi National Park (SGNP).
• An NGO has sought a review of standard operating procedures for captive animal care and habitat management.
• Activists have also highlighted issues related to construction activity and tree loss in the park's eco-sensitive zone.
• The developments have renewed calls for stronger conservation measures and stricter protection of Mumbai's urban forest.
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