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

Supreme Court allows Kozhikode-Wayanad tunnel project to proceed, declines to halt environmental clearance

08 Apr 2026

The Supreme Court has allowed the Kozhikode-Wayanad tunnel project in Kerala to move ahead by refusing to interfere with its environmental clearance. The court upheld the earlier Kerala High Court decision and noted the project's importance for regional connectivity and public benefit. While environmental concerns were raised due to the project's location in the Western Ghats, the court observed that expert assessments and safeguards are in place. It also permitted the petitioners to approach the National Green Tribunal if any violations occur during execution, ensuring continued oversight.Read more

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Supreme Court seeks Centre’s response on plea to curb cattle intrusion on highways

08 Apr 2026

The Supreme Court of India has sought responses from the Centre, states and relevant authorities on a petition addressing the issue of stray cattle entering highways. The plea calls for uniform national guidelines, mandatory fencing of accident-prone stretches, and proper funding for cattle shelters. It also proposes penalties for abandonment of cattle and a no-fault compensation system for accident victims. The matter builds on earlier court directions and highlights gaps in implementation, as rising road accidents linked to stray animals continue to raise safety concerns.Read more

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Supreme Court cancels bail of Bhasin Infotech promoter over homebuyers’ fund misuse

08 Apr 2026

The Supreme Court has revoked the bail granted to Satinder Singh Bhasin, promoter of Bhasin Infotech and Infrastructure Pvt Ltd, in the long-pending Grand Venice homebuyers case. The court found that Bhasin violated bail conditions and siphoned INR 75 crore of homebuyers money while out on bail. He has been directed to surrender within a week and serve at least one year in jail before applying for fresh bail. The forfeited bail amount of INR 50 crore will partly support legal aid and partly fund ongoing insolvency proceedings.Read more

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BMC clears three-tier alternative reservoir plan at Malabar Hill

Mumbai News Desk

08 Apr 2026

The Brihanmumbai Municipal Corporation has approved a three-tier alternative reservoir at Malabar Hill to ensure uninterrupted water supply during repairs of the ageing reservoir. The planned facility will have a capacity of 52 MLD and include underground, ground-level, and elevated storage structures. The move follows earlier scrapped reconstruction plans due to environmental concerns, especially around Hanging Gardens. The project has undergone several revisions, including technical inputs from experts. Authorities are currently reviewing visual impact concerns before moving ahead with tendering and execution.Read more

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BMC plans to justify full land requirement for Worli STP amid rising sewage load

Mumbai News Desk

08 Apr 2026

The Brihanmumbai Municipal Corporation is preparing to justify its demand for the entire land parcel reserved for the Worli sewage treatment plant, following questions raised by the Bombay High Court. The civic body has linked the revised requirement to increasing sewage generation due to rapid redevelopment and higher population density in the area. The issue is part of an ongoing legal dispute over the reduction of reserved land and its partial use for a slum rehabilitation project. The state government is expected to take a final decision after reviewing the proposal.Read more

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BMC flags lapses in handling dangerous buildings, warns of strict action

Mumbai News Desk

08 Apr 2026

The Brihanmumbai Municipal Corporation has identified serious lapses in how dangerous buildings and redevelopment cases are being handled across Mumbai and has warned of disciplinary action against responsible officials. Several ward offices were found not following standard procedures or updating records on the central monitoring system. Irregularities were also observed in redevelopment approvals under DCPR 2034, especially in tenant verification and documentation. The action follows a recent case in Prabhadevi and aims to improve accountability, ensure compliance, and prevent revenue losses.Read more

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Morbi civic body withdraws slum demolition order after residents move court

08 Apr 2026

The Morbi Municipal Corporation has withdrawn its demolition order for a slum settlement on Panchasar Road after around 115 residents approached the Gujarat High Court. Residents argued that they were not given a proper hearing and were not offered alternative housing before eviction notices were issued. The civic body had directed them to vacate within a short time under provisions of the GPMC Act. Following the court's intervention, the authority agreed to reconsider the matter and review documents submitted by residents before taking any further action.Read more

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Goa government halts Prabhu Realtors projects over water contamination issue

08 Apr 2026

The Goa government has stopped all real estate projects by Prabhu Realtors after a water contamination issue was reported at a residential complex in Dabolim. Residents raised complaints about unsafe drinking water, with several falling ill. Authorities sealed the suspected borewell and began testing water samples. The Goa Human Rights Commission also stepped in and sought responses from concerned departments. The halt applies to all projects by the developer until further notice. The situation has raised concerns among homebuyers while investigations are underway to identify the exact cause and fix responsibility.Read more

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Court grants bail to three officials in Mulund Metro parapet collapse case

Mumbai News Desk

07 Apr 2026

A Mumbai sessions court has granted bail to three officials linked to the Metro Line 4 project in the Mulund parapet collapse case that caused one death and injured three people. The court observed that the incident appeared to be due to a lapse during on-site execution, particularly a welding-related error, rather than direct negligence by the officials. It also noted that custodial interrogation was complete and the accused had no criminal background. The case continues to be investigated, with focus on construction practices and accountability in large infrastructure projects.Read more

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Supreme Court declines Vedanta plea to halt Adani Group’s acquisition of Jaiprakash Associates assets

07 Apr 2026

The Supreme Court of India has rejected a plea by Vedanta seeking to pause the acquisition of bankrupt Jaiprakash Associates assets by the Adani Group. The deal, valued at around USD 1.5 billion, includes a portfolio of real estate, cement, power assets and the Buddh International Circuit near Delhi. The court directed Vedanta to pursue its objections before the appropriate tribunal, allowing the insolvency resolution process to continue. The outcome advances Adani Group's expansion in real estate and infrastructure, while reinforcing the legal framework governing distressed asset resolution in India.Read more

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