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

NHAI launches encroachment drive along Mangaluru-Talapady national highway stretch

14 minutes ago

The National Highways Authority of India (NHAI) has stepped up action against encroachments along the NH-66 stretch between Mangaluru and Talapady in Karnataka as part of efforts to improve road safety and facilitate planned highway infrastructure works. The drive is focused on removing unauthorised structures and obstructions within the highway corridor, particularly in areas where service-road and safety improvements are proposed. The action comes alongside preparations for a detailed project report covering road-safety measures on the wider Talapady-Kundapura section of NH-66.Read more

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Dharwad consumer panel orders refund to 83 plot buyers with 10% annual interest

1 hour ago

The Dharwad District Consumer Grievances Redressal Commission has directed a Hubballi-based developer to refund the amounts paid by 83 buyers who had booked residential plots in a proposed layout near Hubballi. The commission found the developer guilty of deficiency in service and unfair trade practices after the promised layout remained undeveloped and the buyers were neither given plots nor refunded their payments. The developer has been ordered to return the full amount paid by each complainant with 10% annual interest, besides paying compensation and litigation costs.Read more

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Former HDIL chairman seeks probe into INR 600 crore loan transfer

11 Aug 2026

Former Housing Development and Infrastructure Limited (HDIL) chairman Rakesh Wadhawan has approached the Mumbai Police’s Economic Offences Wing seeking an investigation into the alleged unauthorised transfer of an INR 600 crore loan account. Wadhawan has alleged that Yes Bank assigned the loan, linked to another company promoted by him, to Suraksha Asset Reconstruction Company in 2017 even though the account had not been classified as a non-performing asset. The complaint also raises questions over the valuation and regulatory compliance involved in the transfer. The matter comes amid wider scrutiny of transactions involving Suraksha ARC and former Yes Bank officials.Read more

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Bombay High Court highlights need to safeguard Mumbai’s open spaces

11 Aug 2026

The Bombay High Court, while hearing a petition concerning environmental degradation and urban planning in Mumbai, underscored the importance of protecting the city's public open spaces and green areas.The court noted that Mumbai had experienced extensive pressure on playgrounds, gardens, wetlands and other open spaces, with encroachments and changes in land use reducing their availability.It highlighted the role of open spaces in maintaining ecological balance, reducing environmental stress and providing recreational areas for residents.The judgment also referred to Mumbai's extremely low open-space availability compared with recommended standards, describing green spaces as the “lungs” of the city.Read more

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UPI to remain free for consumers as Parliament passes tax amendment bill

11 Aug 2026

Parliament has passed the Taxation and Other Laws (Amendment) Bill, 2026, with Finance Minister Nirmala Sitharaman clarifying that the legislation does not impose any tax or transaction charge on UPI payments. The Bill retains the zero-MDR framework for consumers while giving the central government the power to decide which electronic payment modes must remain free. It also seeks to attract foreign capital, support domestic electronics manufacturing and facilitate the use of Indian data centres by foreign cloud companies. The legislation further includes tax changes for FPIs and aims to make India more attractive for global fund managers.Read more

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Fight over Bandra football ground reaches Bombay High Court

Mumbai News Desk

11 Aug 2026

A dispute over a football ground in Bandra has reached the Bombay High Court, with the matter concerning the use and future of the recreational space.The case has brought renewed attention to the protection of open spaces and sports grounds in Mumbai amid competing claims over land use.The petition before the court seeks judicial intervention in the dispute, with the parties placing their respective claims regarding the ground before the High Court.The matter highlights the wider challenge of balancing recreational needs, public open spaces and development pressures in densely populated parts of Mumbai.Read more

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BMC tightens footpath rules, removes parking and temporary structure exemptions in Mumbai

Mumbai News Desk

11 Aug 2026

The Brihanmumbai Municipal Corporation (BMC) has revised its 2023 footpath policy to strengthen pedestrian access across Mumbai. The updated approach removes provisions that had allowed certain parking arrangements and temporary structures on footpaths, directing civic wards to clear such obstructions. The move is part of a broader pedestrian-focused enforcement drive aimed at restoring footpaths for walking and improving their accessibility. The civic body is also expected to undertake ward-level inspections and action against encroachments as part of the implementation.Read more

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Parliament passes The Bankers' Books Evidence Bill, 2026

11 Aug 2026

The Rajya Sabha has passed the Bankers’ Books Evidence Bill, 2026, paving the way for the replacement of the 1891 law governing the use of banking records in legal proceedings. The new legislation recognises physical as well as electronic, digital and virtual banking records as evidence and seeks to bring the legal framework in line with modern banking practices. It also allows the Centre to extend the framework to other regulated financial entities. The debate also covered data security, cybersecurity, financial inclusion and concerns over access to electronic banking records.Read more

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Maharashtra signs Mapletree, Surbana Jurong pacts to accelerate Mumbai 3.0 development

11 Aug 2026

The Maharashtra government has signed agreements with Singapore-based Mapletree and Surbana Jurong to speed up the development of Mumbai 3.0. Mapletree will develop a 100-acre mixed-use project at the Raigad-Pen Growth Centre, with the state expecting the project to attract more than USD 1.1 billion in foreign direct investment. Surbana Jurong has been appointed as the project management consultant for the growth centre. The government is also preparing an integrated master plan for Mumbai 3.0, covering 324 square kilometres and including land use, transport, housing, commercial and industrial zones and civic infrastructure.Read more

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MahaRERA extends project completion timelines by four months amid West Asia conflict

11 Aug 2026

Maharashtra Real Estate Regulatory Authority (MahaRERA) has extended the completion timelines of eligible registered real estate projects in the state by four months, citing force majeure arising from the ongoing conflict in West Asia. The move follows an advisory issued by the Union Housing and Urban Affairs Ministry asking state RERAs to provide the extension to projects affected by supply chain disruptions. The extension will apply automatically to eligible projects whose completion dates fall on or after February 28, 2026. Projects registered from August 1, 2026, will not be covered under the order.Read more

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