6 minutes ago

Punjab National Bank (PNB) has approved its acquisition financing policy and plans to begin operations in this segment from the third quarter of FY27, starting with domestic entities. The move follows the Reserve Bank of India’s final guidelines allowing banks to finance up to 75 per cent of acquisition deal value, subject to conditions. PNB is also looking to mobilise USD 2.5 billion in FCNR (B) deposits by September 30 and has already collected USD 425 million by mid-July. The bank recently reported a sharp rise in quarterly net profit.Read more

5 hours ago

The Mumbai Port Authority (MbPA) has intensified its efforts to recover nearly INR 3,500 crore in unpaid lease rentals from eight major defaulting entities occupying port land on Mumbai's eastern waterfront. The authority has appointed senior legal officials and leading law firms to pursue recoveries and plans to initiate criminal action against unauthorised occupants. MbPA said the unpaid dues are affecting funding for key waterfront redevelopment and maritime infrastructure projects under its long-term master plan, while urging tenants to clear their outstanding liabilities.Read more

6 hours ago

The Directorate of Enforcement (ED) has provisionally attached 389 immovable properties valued at INR 240.03 crore under the Prevention of Money Laundering Act (PMLA) in connection with an alleged money laundering case linked to the Grand Venezia Commercial Complex project in Greater Noida. The attachment includes commercial units in Grand Venice Mall and properties in Goa. The investigation alleges that investor funds were diverted through related entities after buyers were promised assured returns and timely possession of commercial units.Read more

9 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has deployed a special sanitation team to Pandharpur as part of the Maharashtra government's Safai Apnao, Bimari Bhagao campaign during the Ashadhi Wari pilgrimage. With lakhs of devotees expected to visit the temple town, the civic body will undertake a two-day cleanliness drive focused on maintaining hygiene across key public areas. The operation will be carried out under the guidance of Municipal Commissioner Dr Kailas Shinde and will include sanitation inspectors, sanitation workers and specialised suction and jetting units. The initiative aims to ensure a clean and hygienic environment around the temple precincts, public conveniences and sewerage infrastructure during one of Maharashtra's largest annual religious gatherings.Read more

10 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has clarified that the online recruitment examinations under its Direct Recruitment 2025–26 drive will be conducted as scheduled on July 21 and 22 despite an earlier resolution passed by the General Body seeking a temporary suspension of the recruitment process. The civic body received 19,220 applications for 132 vacancies across Group A, Group B and Group C cadres. The examinations will be conducted by TCS iON across 13 centres in six districts. NMMC has put in place extensive administrative and security measures, including the appointment of coordination officers and observers, police deployment and mobile jammers, while urging candidates to rely only on official sources for recruitment-related information.Read more

13 hours ago

The South 24 Parganas district administration has initiated demolition of a portion of a Trinamool Congress party office linked to MP Abhishek Banerjee in Amtala, citing alleged deviations from sanctioned building norms. The action follows an administrative review of the structure and has triggered a legal challenge before the Calcutta High Court. The case has drawn attention to the enforcement of building regulations, the approval process for commercial structures and the role of local authorities in addressing alleged unauthorised construction.Read more

16 hours ago

The Ministry of Power has issued a draft notification proposing mandatory energy and sustainability ratings for large buildings and building complexes with a built-up area of 20,000 square metres or more. Under the proposal, new commercial, office and residential buildings above this threshold would need to obtain a BEE Star Rating or an equivalent rating from agencies such as GRIHA, IGBC, LEED or GEM. The draft, issued under the Energy Conservation Act, 2001, seeks to replace the existing 2018 building code rules and bring a uniform national benchmark to building energy performance.Read more

21 hours ago

Himachal Pradesh is preparing to roll out a new industrial policy that will include lower electricity tariffs for industries as part of its efforts to attract fresh investments. The state government has reiterated its focus on uninterrupted power supply, green energy, IT infrastructure and industrial connectivity. Alongside plans to strengthen clean energy projects, the government is also advancing key infrastructure initiatives, including the Chandigarh-Baddi railway line and an IT park in Solan district, while continuing discussions on the state's share in Chandigarh.Read more

22 hours ago

The Telangana High Court has granted interim protection to homeowners in Doolapally, Medchal-Malkajgiri district, who challenged the state's decision affecting residential properties linked to the Full Tank Level (FTL) of Fox Sagar lake. The petitioners argued that their homes were developed after securing approvals, registered sale deeds and, in several cases, occupancy certificates from the competent authorities. While the government contends that the land falls within the notified FTL area, the court has directed officials not to initiate coercive action until further hearings.Read more

23 hours ago

Farmers in Gujarat have announced plans to intensify their protest against the Adani transmission line project, arguing that compensation offered for land affected by power transmission infrastructure remains inadequate despite the state's revised policy. While the government recently enhanced compensation for land used for transmission lines and towers, farmer groups maintain that the revised framework does not sufficiently address the long-term impact on land use, agricultural activities and livelihoods. The dispute has renewed focus on balancing infrastructure development with fair compensation for affected landowners.Read more