13 Jan 2026

Websol Renewable Private Limited will invest INR 3,538 crore to set up an 8 GW integrated solar manufacturing facility at Naidupeta in Andhra Pradesh, strengthening the state's clean energy and industrial base. Spread across 120 acres, the project will include 4 GW each of solar cell and module manufacturing, developed in two phases starting production in 2027 and 2028. The facility is expected to create around 2,000 direct jobs and will be supported by a 100 MW captive solar power plant. Backed by customised state incentives, the project adds momentum to southern Andhra Pradesh's emergence as a key solar manufacturing hub, supported by port connectivity, logistics infrastructure, and rising domestic and export demand.Read more

13 Jan 2026

Himachal Pradesh State Electricity Board Limited has reported a record profit of INR 300 crore till December 31, 2025, driven by higher power sales and sector reforms. The improved performance follows policy changes, grid modernisation, and the introduction of the Himachal Pradesh Electricity Grid Code to enhance reliability and efficiency. The state is rolling out smart meters in key cities, strengthening manpower with over 2,100 new engagements, and upgrading infrastructure in remote and tribal regions. Investments in substations, transmission lines, and off-grid solar projects aim to ensure stable power supply. Improved electricity availability is expected to support housing, commercial activity, tourism, and overall economic growth across Himachal Pradesh.Read more

13 Jan 2026

RBI Deputy Governor T Rabi Sankar has stressed the need for greater transparency in banking products and a strong focus on creating a zero fraud environment to sustain public trust. Speaking at the Indian Banking Technology Conference in Mumbai, he said clear and fair pricing is essential to retain customers, especially as technology rapidly reshapes banking and payments. Sankar noted improvements in payment system security, citing low fraud rates in UPI transactions, but said even small levels are unacceptable at scale. He called for collaboration among banks to improve pricing transparency, use technology more effectively, and strengthen customer protection. Reducing fraud and building trust, he said, are key to long-term growth and confidence in India's banking system.Read more

13 Jan 2026

Websol Renewable Pvt Ltd has announced an investment of over INR 3,500 crore to set up an integrated solar manufacturing facility at Naidupeta in Andhra Pradesh's Tirupati district. Spread across 120 acres, the 8 GW project will include solar cell and module manufacturing units, developed in two phases starting operations in 2027 and 2028. The facility is expected to create around 2,000 direct jobs and support growth in allied sectors such as logistics, utilities, and housing. Backed by state incentives under the Industrial Development Policy 4.0, the project strengthens Andhra Pradesh's position as an emerging hub for renewable energy manufacturing and industrial-led real estate growth.Read more

13 Jan 2026

The Prayagraj Municipal Corporation has launched a major property tax recovery drive by issuing fresh demand notices to around 40,000 defaulters across the city. The initiative aims to improve tax compliance and strengthen municipal revenues used for essential services such as roads, water supply, sanitation and infrastructure maintenance. Notices have been sent to property owners with long-pending house tax dues, outlining outstanding amounts and urging timely payment. The civic body has warned that penalties, interest and recovery actions may follow if dues are not cleared within the specified period. Officials say improved tax collection is vital as Prayagraj grows and demand for urban services continues to rise.Read more

Hyderabad News Desk

12 Jan 2026

Hyderabad's suburban rail expansion under the Multi Modal Transport System (MMTS) Phase II faces delays due to a INR 381 crore funding gap from the Telangana government. While the South Central Railway (SCR) has completed most infrastructure work, the absence of state funds is preventing the purchase of new train rakes needed to start services on newly built sections. Operational tasks like official corridor designation, platform extensions, and train scheduling are still pending. Reduced commuter demand due to Metro expansion and free bus travel for women has further slowed the launch of additional MMTS services.Read more

12 Jan 2026

Shapoorji Pallonji Group's real estate arm, Goswami Infratech, may face higher borrowing costs as it plans to raise up to INR 250 billion through a two-year zero-coupon bond issue. Investor expectations have shifted after yields on bonds issued by another group unit, Porteast Investment, rose sharply following a covenant breach. The funds are intended to refinance debt maturing in April and meet other corporate needs. The bond sale, initially expected to close soon, may now be delayed until March.Read more

12 Jan 2026

Signature Global reported a sharp year-on-year decline in sales bookings during the October-December quarter, even as the period typically benefits from strong festive housing demand. The Gurugram-based developer recorded sales of INR 2,020 crore in the third quarter of FY26, down 27% from the corresponding period last year. The drop was accompanied by a significant fall in both unit volumes and area sold, reflecting a slowdown in buyer traction across its core markets. While the company did not formally attribute the decline to specific factors, delayed project launches and rising residential prices in Gurugram appear to have weighed on performance. Despite the softer quarter, the developer remains confident about achieving its full-year guidance, supported by new launches, improving realisations and sustained long-term demand across select micro-markets.Read more

Hyderabad News Desk

12 Jan 2026

Facebook India Online Services Pvt Ltd has leased nearly 69,702 sq ft of office space in Hyderabad's Hitec City for a five-year term, with monthly rent of around INR 67 lakh. The space is on the fourth floor of Skyview 20 in The Skyview complex and includes 70 car parking slots, with the lease effective from mid-July 2025 and rent starting in December 2025. A 15% rent escalation is planned after three years, and a security deposit of INR 4.01 crore has been paid. Hyderabad continues to attract global capability centres due to its skilled workforce, infrastructure, and policy support.Read more

Ahmedabad News Desk

12 Jan 2026

The Ahmedabad Municipal Corporation (AMC) launched a property tax rebate scheme aimed at encouraging early payment of dues, and it has generated a strong response from taxpayers in its first week. During the period from January 1 to January 7, over INR 24 crore was collected from nearly 24,900 taxpayers who took advantage of interest waivers offered under the scheme. The rebate plan includes full interest waivers for older tax calculations and graded waivers for properties under the newer tax formula, with higher rebates available for early payments. The initiative reflects the civic body's efforts to clear pending tax liabilities while offering financial relief to property owners, and it could significantly boost revenue collection for the current fiscal year if the momentum continues.Read more