05 Mar 2026

MRF Ltd has signed a non-binding memorandum of understanding (MoU) with the Tamil Nadu government to invest approximately INR 5,300 crore over 12 years to establish a greenfield tyre manufacturing facility in the SIPCOT Industrial Park at Sivaganga district. The proposed plant is expected to generate direct employment for around 1,000 people. The project remains subject to approvals, including a customised incentive package, land allocation and statutory clearances from the state government. The investment reinforces Tamil Nadu's manufacturing ecosystem and expands MRF's production footprint, which currently includes about 10 facilities across India producing passenger car radial, truck and bus radial, off-the-road and two-wheeler tyres.Read more

05 Mar 2026

Motilal Oswal Home Finance has signed an agreement with the Asian Development Bank (ADB) to raise USD 100 million through rupee-equivalent non-convertible debentures (NCDs). The funding will support affordable housing loans for women borrowers, while 10% of the proceeds will be allocated to green-certified residential projects that meet recognised sustainability standards. The long-tenor financing is expected to strengthen the company's funding profile, improve asset-liability matching and lower overall cost of funds. As of December 2025, the housing finance company reported disbursements of INR 1,303 crore during the first nine months of FY26, with Gross NPAs at 1.43%. The partnership aims to enhance access to credit for women homebuyers and promote environmentally sustainable housing development.Read more

05 Mar 2026

Square Yards has reported a 47 per cent year-on-year rise in revenue to INR 525.7 crore for the December quarter, driven largely by strong performance in India and growth in its financial services arm, Urban Money. For the first nine months of the current financial year, revenue increased 45 per cent to INR 1,358.9 crore. The company expects to close the year with over INR 2,000 crore in revenue and healthy margins, supported by market share gains in real estate and expansion in financial services.Read more

05 Mar 2026

India Infrastructure Finance Company Ltd (IIFCL) plans to raise USD 1.6 billion (around INR 14,500 crore) from multilateral agencies and overseas investors as part of a diversified resource mobilisation strategy to fund infrastructure development. The state-owned lender is exploring a USD 600 million blended finance facility, a debut Green Bond issuance, and approval to raise USD 1 billion in long-term commercial debt without sovereign guarantee in partnership with MIGA. The company has also secured Cabinet clearance for its proposed initial public offer (IPO), with listing expected next financial year. IIFCL reported a 39% rise in net profit to INR 2,165 crore in FY25 and recorded its highest-ever sanctions and disbursements, signalling continued balance sheet expansion.Read more

05 Mar 2026

The Haryana government has announced a 100% waiver on outstanding interest on property tax dues up to March 2025 in its recent budget. The relief is expected to benefit over 41 lakh urban property owners. The budget also includes free monthly water supply for small residential properties, waiver of pending water and sewerage surcharge, creation of an INR100 crore Urban Green Fund, and plans for five waste-to-energy plants. Several industrial measures, including a new INR500 crore fund and land reforms, have also been proposed to support investment and job creation.Read more

05 Mar 2026

The Maharashtra Industrial Development Corporation (MIDC) has advanced plans to acquire around 3,000 hectares of land across 14 villages in Chamorshi tehsil, Gadchiroli district to facilitate a proposed INR 1-lakh-crore steel plant by JSW Group, officials said in recent filings. The acquisition will be conducted under a pass-through model, with MIDC purchasing land from local owners and transferring it to the company, which will reimburse the costs. The site has already been earmarked for industrial use, and MIDC has submitted a formal proposal to the local sub-divisional officer ahead of issuing an acquisition notification. The proposed 25 million tonne per annum integrated steel facility first announced by JSW's managing director at a state industrial event last year is expected to significantly boost the industrial profile of Gadchiroli, attracting ancillary investments and supporting regional economic growth. Other steelmakers are also showing interest in the district, signalling broader industrial momentum.Read more

05 Mar 2026

Sebi is enhancing surveillance and technology-driven measures to address rising pre-investment scams targeting India's growing retail investor base. Chairman Tuhin Kanta Pandey highlighted the increasing use of fake apps, WhatsApp groups, and promises of high returns to divert funds before investors interact with registered intermediaries. The regulator is promoting tools like SEBI Check, raising awareness through multilingual campaigns, and advocating disciplined long-term investment strategies. Technical glitches at MCX and NSDL were addressed responsibly, while PMS regulations and conflict of interest recommendations are under review to improve efficiency and investor protection.Read more

Visakhapatnam News Desk

05 Mar 2026

Rising land prices and limited availability of well-located plots are reshaping Visakhapatnam's housing market, driving a shift toward 40-50 storey residential complexes. Developers are favoring high-rise projects to distribute steep land acquisition costs across more units, lowering per square-foot prices and offering enhanced amenities such as gyms, pools, and clubhouses. Demand remains strong due to growth in IT and allied sectors, with micro-markets like Madhurawada Kapuluppada, Anandapuram Kommadi, Bhogapuram Bheemili, and Yendada Rushikonda seeing increased activity. Vertical housing also improves land-use efficiency and aligns with modern buyer expectations.Read more

05 Mar 2026

India's Goods and Services Tax (GST) collections for February increased by 8.1% year-on-year to reach around INR 1.84 lakh crore, driven by higher import revenues and consistent domestic demand. After accounting for refunds, net GST receipts stood at about INR 1.61 lakh crore. Revenue from imports surged over 17%, while gross domestic revenue rose 5.3%, reflecting stable consumption and industrial activity. Export-related refunds grew 26.5%, indicating improved liquidity support for businesses. While some states reported declines, others achieved single-digit growth, showing uneven but broad-based economic activity.Read more

05 Mar 2026

The Mysuru Development Authority (MDA) has announced an auction of about 200 residential and commercial plots in the city, following strong interest from buyers in past rounds. Premium plots in areas like JP Nagar and Vijayanagar have base prices ranging from INR 3.3 crore to INR 3.5 crore, while smaller and mid sized sites in Hebbal, Gayathripuram, Dattagalli, and Vasanth Nagar are priced between under INR 1 crore and INR 2.5 crore. Online auctions will be conducted in phases from late March to early April, with minimum bid increments set to maintain systematic bidding.Read more