15 Apr 2026

The Ministry of Railways has approved 100 infrastructure projects for FY 2025-26 with a total investment of INR 1.53 lakh crore, marking a substantial increase in capital allocation and project scale compared to the previous year. The sanctioned works will collectively add over 6,000 km to India's railway network and include new lines, doubling, and multi-tracking initiatives. Key states such as Maharashtra, Bihar, Jharkhand, and Madhya Pradesh account for a significant share of the projects. The expansion aims to address congestion on high-density routes, improve passenger services, and enhance freight movement under broader logistics initiatives. The programme also places emphasis on extending connectivity to remote and tribal regions, while supporting industrial corridors and port-linked infrastructure across the country.Read more

15 Apr 2026

The Mangaluru City Corporation (MCC) has recorded its highest-ever property tax collection of approximately INR 149.6 crore for the financial year 2025-26, surpassing its projected target and previous years performance. The achievement, reported in the past week, reflects improved compliance driven by field inspections, data verification and awareness campaigns. The civic body exceeded its target of around INR 112 crore, with collections rising steadily from INR 137 crore in the previous year. The increase has been attributed to targeted surveys across select wards, identification of unassessed properties and streamlined collection mechanisms. The development underscores the growing importance of property tax as a primary revenue source for urban local bodies, supporting infrastructure and civic service delivery.Read more

14 Apr 2026

Poonawalla Fincorp has raised INR 2,500 crore through a Qualified Institutions Placement (QIP) to expand its lending business and strengthen its asset base. The issue saw strong participation from domestic and foreign institutional investors, reflecting confidence in the company's growth strategy. Shares were allotted at INR 370.75 each, a 5% discount to the floor price, with the QIP open from April 9 to April 13. The funds will be used to scale lending operations across key segments. Backed by the Cyrus Poonawalla Group, the NBFC manages assets worth INR 55,017 crore and aims to drive its next phase of growth.Read more

14 Apr 2026

360 ONE Asset has secured INR 2,000 crore in commitments for its Private Investment in Public Equity (PIPE) strategy, reflecting strong investor confidence. The strategy targets listed and late-stage companies, combining private capital flexibility with public market liquidity. It aims to support businesses during key growth phases, including expansion, governance improvement, and balance sheet strengthening. Investments will be made through block deals and anchor placements, with a focus on fundamentals and active engagement. The PIPE route offers companies a faster, more flexible fundraising option compared to IPOs, while giving investors access to structured opportunities, better information flow, and potential medium- to long-term returns.Read more

14 Apr 2026

India's Shapoorji Pallonji Group has approached investors to extend the maturity of debt raised by its real estate and civil engineering arm, Goswami Infratech, as refinancing plans face delays. The high-yield notes, with an outstanding value of approximately INR 83.43 billion, were due to mature at the end of the month. The group has been attempting to raise between USD 2.75 billion and USD 3.1 billion through a mix of dollar and rupee-denominated instruments. However, rising hedging costs linked to central bank actions and global market volatility have slowed execution. Additional caution among investors due to stress in the US private credit market has further affected timelines, with refinancing now expected to conclude in the coming months.Read more

14 Apr 2026

RMZ Group has announced plans to invest over USD 35 billion over the next five years across data centres, artificial intelligence infrastructure, commercial developments, and residential projects, while also considering an initial public offering to secure long-term capital. The privately held real estate and infrastructure firm intends to allocate USD 12-15 billion towards building 1.5 gigawatts of co-location data centre capacity in India. The remaining capital will be directed towards office-led developments catering to global capability centres and a renewed residential push. The expansion aligns with increasing investments in digital infrastructure across India, where data generation significantly outpaces existing data centre capacity, highlighting a structural gap in supply.Read more

14 Apr 2026

The Mysuru Development Authority (MDA) has generated INR 156 crore through the auction of premium residential and commercial plots across multiple layouts in the city, reflecting sustained demand for plotted developments. The auction, concluded in the past week, saw 133 of 200 sites successfully sold, with strong participation across key micro-markets, particularly in west Mysuru. Pricing exceeded base values in several locations, indicating competitive bidding activity. While newly introduced layouts such as Vasanth Nagar recorded moderate uptake, select areas witnessed limited interest. The authority has mandated a short payment window for successful bidders, with provisions for forfeiture of deposits in case of non-compliance. The exercise forms part of MDA's broader land monetisation strategy aimed at generating revenue for infrastructure and urban development projects.Read more

Noida News Desk

14 Apr 2026

The Greater Noida Industrial Development Authority (GNIDA) has launched an e-auction to allot 24 industrial plots across multiple sectors, aiming to strengthen industrial development and attract investment in the region. The offering, announced in the past week, includes plots of varying sizes located in sectors such as Ecotech and Udyog Kendra. The allotment will follow a competitive bidding process, with a stipulated application deadline and eligibility criteria for participating firms. The move is part of GNIDA's ongoing efforts to enhance industrial land utilisation and support manufacturing and allied activities. The initiative is expected to generate revenue for the authority while facilitating new industrial units and employment opportunities.Read more

14 Apr 2026

The Reserve Bank of India is reviewing how major banks unwound large rupee arbitrage positions after directing trades worth up to USD 40 billion to be reversed to support the currency. The move followed pressure on the rupee due to global tensions and foreign fund outflows. The RBI is examining whether banks shifted positions to corporate clients during the process, potentially affecting its efforts to improve dollar liquidity. The review also focuses on compliance with rules restricting speculative forex activity. The development signals tighter oversight of currency markets as the central bank works to manage volatility and stabilise the rupee.Read more

14 Apr 2026

Piper Serica has invested nearly INR 210 crore across 33 startups through its Category I AIF, with the remaining INR 63 crore set to be deployed in the coming months. The SEBI-registered fund focuses on early-stage, technology-driven companies in sectors such as deeptech, fintech, artificial intelligence, defence, and semiconductors. Its portfolio includes startups like Alt Mobility and Sensesemi, reflecting a strong focus on innovation-led businesses. The firm follows a sector-focused strategy, backing founders building intellectual property and addressing structural market gaps, as India shifts towards capability-driven growth across emerging industries.Read more