27 Jan 2026

Global corporations continued to anchor India's office leasing market in 2025, accounting for close to 60 per cent of total absorption across the country's seven key cities, according to JLL India. Overall office leasing rose by eight per cent year-on-year to 83.3 million sq ft, reflecting sustained expansion by multinational companies and Global Capability Centres (GCCs). Foreign firms alone leased nearly 48.6 million sq ft, with GCCs emerging as the dominant demand driver. Bengaluru remained the most preferred destination for overseas occupiers, supported by a deep talent pool and availability of Grade A office stock. Domestic firms also remained active, while flexible workspace operators increased leasing amid rising preference for managed office solutions.Read more

27 Jan 2026

PNB Housing Finance reported a 7.71% year-on-year increase in net profit for the third quarter of the 2025-26 financial year, with profit after tax reaching INR 520.55 crore for the period ending December. The company's total income for the quarter grew by around 9.1%, supported by sustained loan growth and stable operations, according to its regulatory filing. The housing finance firm also recorded steady expansion in its retail loan portfolio, bolstering net interest income, while asset quality indicators improved with a lower gross non-performing asset ratio. Despite the increase in profit, the company's share price experienced a notable decline after the results were announced, reflecting market reaction to the earnings release. PNB Housing Finance continues to focus on its core lending business as it navigates competitive pressures within the housing finance sector.Read more

27 Jan 2026

The widening of the 33km Chokak Ankali section of the Nagpur Ratnagiri National Highway is set to restart after land acquisition hurdles were cleared. A Gazette notification under the National Highways Act officially transferred the stretch to the National Highways Authority of India (NHAI), enabling construction to begin. District authorities confirmed that land evaluation will conclude shortly, and compensation will be paid within two months, following farmers demands for fair awards. This step addresses a major bottleneck that had stalled work for years, bringing the project closer to timely completion.Read more

Ahmedabad News Desk

27 Jan 2026

The income-tax department continued its search operations against two Ahmedabad-based real estate groups into a third day, widening the scope across multiple locations in the city. The action followed inputs suggesting large cash components in property transactions. Officials searched offices, project sites, residences, and premises linked to associates such as contractors and brokers. Documents, digital records, and financial details were seized for verification. The operation reflects ongoing scrutiny of unaccounted income in real estate deals, an issue that has drawn repeated attention from tax authorities in recent years.Read more

27 Jan 2026

GreenCell Mobility has raised USD 89 million (around INR 800 crore) in a mezzanine funding round led by the International Finance Corporation, British International Investment, and Tata Capital to scale its electric bus operations nationwide. Backed by Eversource Capital, the company currently runs over 1,200 electric buses and more than 270 charging stations. The new funds will support fleet expansion to 3,700 buses, strengthen charging infrastructure, and accelerate adoption under central government initiatives like the National E-Bus Programme and PM Seva E-Mobility, with deployments across Delhi, Madhya Pradesh, Andhra Pradesh, Bihar, and Puducherry.Read more

27 Jan 2026

AirAsia X is moving forward with a debt restructuring of USD 500-600 million after acquiring Capital's short haul aviation business. The consolidation merges seven AirAsia branded airlines under AirAsia X to simplify operations and strengthen finances. The airline plans to resume London flights, expand to Istanbul, and develop a hub in Bahrain. Fleet expansion with Airbus A321LR and A321XLR aircraft will support long haul growth. Near term targets include USD6 billion revenue, 20 percent EBITDA margin, and passenger loads above 80 percent, while pandemic era loans will be gradually repaid over the next few years.Read more

26 Jan 2026

AM Group, promoted by the founders of Greenko Group, has partnered with the Uttar Pradesh government to establish a 1-gigawatt AI and high-performance computing hub in Greater Noida, with a total investment of USD 25 billion. The project will be developed in phases, starting operations in 2028 and reaching full capacity by 2030. Designed to serve global AI workloads, the facility will house around 500,000 advanced chipsets and run entirely on carbon-free energy, supporting India's AI initiatives while creating jobs and attracting investment.Read more

Mumbai News Desk

26 Jan 2026

The University of York, a UK-based institution, has agreed a commercial office lease for 37,602 sq ft in One Boulevard, Powai, Mumbai, under a contract valued at nearly INR 50 crore over a five-year term, according to property registration documents. The premises, situated on the third and fourth floors of the building owned by Kairos Properties Pvt Ltd, include 27 dedicated parking spaces, with additional slots available at a monthly fee. The lease commenced in early December 2025 and carries an annual rent escalation clause of 5%, with the monthly rent starting at INR 75.20 lakh and rising incrementally each year. The agreement incorporates a three-year lock-in period and provided the tenant with one month's rent free at the outset. Security deposits vary between the initial and latter years of the tenure, reflecting standard commercial leasing practice in Mumbai's office market.Read more

26 Jan 2026

Himachal Pradesh's Transport Department reported revenue of INR 2,597 crore between January 2023 and December 2025, a 73% increase from the previous government's period, according to Deputy Chief Minister Mukesh Agnihotri. This growth reflects the state's push for digital reforms, vehicle fitness automation, eco-friendly transport, and road safety measures. Key initiatives include automated testing stations, mobile apps for permits and fitness certificates, scrapping of old vehicles, incentives for e-taxis and buses, expansion of private bus routes, and solar EV charging stations, positioning Himachal as a leading state in sustainable and transparent transport systems.Read more

26 Jan 2026

Oberoi Realty has reported a marginal year-on-year increase in consolidated net profit for the quarter ended December, reflecting steady financial performance amid a challenging operating environment. The Mumbai-based real estate developer recorded a net profit of INR 622.64 crore, slightly higher than the INR 618.38 crore posted in the corresponding quarter of the previous financial year. Total income during the quarter also registered growth, rising to INR 1,561.74 crore from INR 1,460.27 crore a year earlier, as per its regulatory filing. Alongside the quarterly results, the company announced its third interim dividend for FY2025-26 at INR 2 per equity share, representing 20 per cent of the face value.Read more