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

Navi Mumbai Municipal Corporation steps up vigilance to ensure safe drinking water supply

12 Jan 2026

The Navi Mumbai Municipal Corporation (NMMC) has intensified its monitoring and safety measures to ensure the supply of clean and safe drinking water across the city, following recent concerns arising from a water contamination incident in Indore. Leveraging its own Morbe Dam project, Navi Mumbai continues to be recognised as a water-secure city, with regular testing and quality checks already in place. However, in view of potential risks arising from the proximity of water and sewage pipelines, NMMC Commissioner Dr. Kailas Shinde has directed officials to adopt additional precautionary measures. The civic body has initiated end-to-end inspections of the water supply system, from source to consumer, with special focus on vulnerable residential areas, to maintain strict adherence to water quality standards.Read more

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X removes 3,500 posts linked to Grok after IT Ministry raises concerns

12 Jan 2026

Microblogging platform X has removed around 3,500 posts and deleted over 600 accounts after the IT Ministry raised concerns over obscene content linked to its AI chatbot, Grok. The action follows reports of non-consensual and manipulated explicit images circulating on the platform, prompting regulatory intervention. X acknowledged the lapse and assured compliance with Indian laws, including stricter enforcement of content moderation and AI usage rules. The government warned that failure to meet due diligence under the IT Act could invite legal action. Similar concerns have been flagged by regulators in the UK, EU, and US, highlighting growing global scrutiny over AI misuse, platform accountability, and online safety safeguards.Read more

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Rail Madad app sees rise in cleanliness complaints as positive feedback falls

12 Jan 2026

Passenger complaints on the Rail Madad grievance platform regarding train coach and bedroll cleanliness increased sharply in the last two months of 2025 compared with September 2025, with bedroll complaints rising from 8,758 to over 13,000 and coach cleanliness grievances climbing from around 24,800 to nearly 36,700. While more passengers submitted feedback in those months, the share of excellent and satisfactory ratings declined slightly, highlighting a dip in satisfaction with grievance resolution. The Railway Ministry has directed zonal units to investigate causes and improve cleanliness and redressal processes.Read more

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MahaRERA complaint resolution jumps 81% in 2025 as fresh homebuyer grievances rise

Mumbai News Desk

12 Jan 2026

The Maharashtra Real Estate Regulatory Authority (MahaRERA) significantly stepped up its grievance redressal efforts in 2025, resolving 81% more complaints brought by homebuyers compared to the previous year. The regulator disposed of nearly 6,945 cases, up sharply from about 3,824 in 2024, reflecting enhanced responsiveness and faster hearings. However, the number of fresh complaints filed by buyers also climbed by 29%, signalling persistent challenges in project execution and delivery that continue to affect the sector. Despite the rise in grievances, improved scheduling of hearings and streamlined processes helped ensure most complaints registered up to November 2025 either received a hearing date or were already heard. The authority also maintained a higher compliance rate from developers on reporting requirements, further supporting transparency and accountability in the housing market.Read more

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MSC Elsa III owners deposit INR 1,227.62 crore with Kerala High Court for sister vessel's release

12 Jan 2026

The owners of container vessel MSC Elsa III have deposited INR 1,227.62 crore with the Kerala High Court as security, leading to the release of its sister vessel MSC Akiteta II. The amount was submitted through a bank guarantee issued by Standard Chartered Bank, following court approval. The move is linked to a compensation claim filed by the Kerala government after MSC Elsa III sank off the state's coast, causing environmental damage and economic losses to fishermen. The legal case on damages remains under consideration.Read more

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Niti Aayog proposes fiscal incentives to accelerate affordable housing in India

12 Jan 2026

NITI Aayog has recommended a set of fiscal incentives to encourage the development and investment in affordable housing in India. The proposals include reinstating 100% tax exemption for developers undertaking approved projects, offering tax benefits on capital gains and rental income for investors via Real Estate Investment Trusts (REITs), and increasing loan limits under the Credit Risk Guarantee Fund Scheme for Low Income Housing to INR 40 lakh. The advisory body also suggested tax-free bonds for the National Housing Bank to support concessional funding and exemptions on land-use change charges, stamp duty, and registration fees for affordable housing units.Read more

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ED attaches over INR 50 Crore in assets in Gurugram homebuyers fraud case

Gurugram News Desk

12 Jan 2026

The Enforcement Directorate (ED) has provisionally attached assets worth over INR 50 crore in connection with a money-laundering probe tied to an alleged homebuyers fraud involving Ocean Seven Buildtech Pvt Ltd (OSBPL), a Gurugram-based realty firm. The move comes after detailed financial investigations revealed that funds collected from homebuyers for residential projects were diverted for unrelated purposes, including personal expenses and acquisition of other properties. Key assets attached include a villa, a hotel, a resort, several office spaces, and multiple land parcels across Gurugram, Himachal Pradesh and Maharashtra, with total seized value at around INR 51.57 crore. The ED also seized cash and bank deposits linked to the company and its promoter, who was arrested last year in connection with the probe. The action reflects intensified regulatory scrutiny to protect buyer interests and enforce financial accountability in real estate.Read more

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Gurugram to demolish four unsafe NBCC towers at Green View over structural safety concerns

Gurugram News Desk

11 Jan 2026

The Gurugram district administration has approved the demolition of four residential towers at the NBCC Green View condominium in Sector 37D after prolonged safety concerns, marking a major step toward resolving the longstanding crisis around the project. Towers A, B, C and D comprising about 580 flats were previously declared structurally unsafe and uninhabitable years ago, forcing evacuation and legal scrutiny. Authorities have now cleared the move to raze these deteriorated buildings to mitigate potential hazards, following multi-level reviews and stakeholder consultations. The decision addresses persistent risks posed by the ageing structures and opens the way for future redesign or redevelopment once the unsafe towers are dismantled. This development underlines the priority given to resident safety in urban housing governance and the need for proactive structural assessment in large real estate complexes.Read more

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Allahabad HC rules rent authority can hear cases without written tenancy agreements

11 Jan 2026

The Allahabad High Court has clarified that landlords in Uttar Pradesh can approach rent authorities for eviction even when there is no written tenancy agreement or when tenancy details have not been submitted to the authority. The court interpreted the Uttar Pradesh Regulation of Urban Premises Tenancy Act, 2021 to mean that procedural gaps do not restrict the authority's jurisdiction. This ruling ensures landlords are not denied remedies due to informal or undocumented rental arrangements, providing clarity and reducing legal uncertainty in tenancy disputes under the Act.Read more

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Ahmedabad municipal corporation officials face allegations of collusion over impact fees for illegal houses

Ahmedabad News Desk

11 Jan 2026

Allegations of collusion and procedural irregularities have surfaced against officials of the Ahmedabad Municipal Corporation (AMC) in relation to the collection of impact fees for houses built on government land. Members of a co-operative housing society in Ghatlodia have filed an appeal under the Gujarat Regularisation of Unauthorised Development Act, claiming that AMC's North West Zone officials wrongly linked two illegally constructed houses on government land to their society to collect impact fees and regularise them. The complaint asserts that this misrepresentation facilitated an unlawful regularisation and demands cancellation of the impact fee approvals as well as legal action against the municipal officials involved. Multiple hearings have been held before the appellate authority, with society members seeking clarity and accountability in how irregular approvals were granted for properties on government parcels.Read more

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