The BMC’s capital expenditure for FY 2024-25 hit an all-time high of INR 36,900 crore, a 57% jump from the previous year. The spending supported major infrastructure projects like Mumbai Coastal Road, GMLR tunnels, and road concretization. Revenue income also surged to a record INR 43,847 crore, driven by higher property tax and development premiums.

SEBI has set up an expert committee to review conflict-of-interest and disclosure norms for mutual fund trustees and board members. The move aims to enhance governance standards and transparency, especially around inter-group transactions and key personnel disclosures.

Lego has inaugurated a USD 1 billion factory in Vietnam to accelerate its expansion across Asia. The new carbon-neutral facility is designed to meet growing demand in the region and is expected to improve supply chain efficiency for the toy giant.

India’s foreign exchange reserves rose by USD 2.95 billion, reaching USD 676.3 billion, supported by an increase in gold and foreign currency assets. The boost strengthens the country’s import cover and signals economic resilience amid global uncertainties.

Electric vehicle maker Ather Energy has reduced its IPO size and lowered its valuation to INR 12,800 crore, reflecting market conditions and investor sentiment. The company is expected to file revised draft papers ahead of its planned public listing.

Sobha Ltd targets INR 6,000 crore in sales and over 7 million sq ft in new launches for FY25. The company plans to monetise land and expand into new markets despite interest rate uncertainties, aligning with positive trends in the real estate sector.

Olectra Greentech has secured India’s largest-ever outright electric bus order for 2,400 units, strengthening its position in the EV segment. This significant contract reflects growing momentum in sustainable urban mobility and government-led electrification efforts.

Bajaj Finance saw a decline in share value due to negative investor sentiment and subdued market performance. Concerns over growth trajectory and high valuations contributed to the dip despite the company’s strong fundamentals.

China has announced a 43.5% tariff on select US chemical imports, escalating its trade dispute with Washington. The move is a retaliatory step following US duties and could impact global supply chains and bilateral trade relations.

The world’s one of the largest container ships, MSC Türkiye, docked at Vizhinjam International Seaport, marking the first such call in India and South Asia. This strengthens Vizhinjam’s role in the Asia- Europe route under MSC’s Jade service. Operated by Adani Ports, the INR 7,600-crore port handled over 1 lakh TEUs last month alone.

Airports Authority officials will inspect proposed sites for Bengaluru’s second airport. Locations off Kanakapura Road and Nelamangala-Kunigal Road are under review as authorities plan to ease congestion at the existing airport and boost regional infrastructure development.

Maharashtra's housing minister reviewed the progress of MHADB projects, focusing on timely completion, quality standards, and coordination among departments. Emphasis was placed on resolving project delays and speeding up housing delivery under state urban development initiatives.

Kolkata’s civic body has made it mandatory for all under-construction buildings to display information boards with project and approval details. The move aims to increase transparency and accountability while helping buyers verify project legitimacy and stay informed.

The Karnataka Housing Board’s affordable housing project in Mysuru’s Dattagalli received limited interest, with only 171 applications for 296 flats. High prices, remote location, and lack of basic amenities are cited as key reasons for the lukewarm response.

The Rajasthan Housing Board will launch new residential schemes in five districts Jaipur, Jodhpur, Bikaner, Kota, and Alwar. These are aimed at increasing housing supply across income groups, with a focus on affordability and modern infrastructure.

Bhubaneswar Development Authority announced two new housing projects in the Hurda district. These developments aim to meet the growing housing demand in peripheral areas, offering both affordable and mid-income options through plotted and apartment formats.

The Delhi government plans to renovate and distribute 52,000 flats to slum dwellers under its rehabilitation scheme. The initiative aims to improve living conditions and integrate slum communities into formal housing infrastructure with better amenities.

Jharkhand has announced plans to develop new townships in eight cities to meet urban housing needs. The townships will feature modern infrastructure and focus on affordable housing to cater to growing migration and urbanisation in the state.

Kolkata recorded a 9% rise in office rentals in Q1 2025, driven by strong leasing demand in the IT, co-working, and BFSI sectors. Central Business Districts and Salt Lake Sector V saw maximum rental growth amid low vacancy.

Mumbai’s BMC will launch an e-marketplace for the Transfer of Development Rights (TDR) this week. The digital platform will facilitate transparent transactions between landowners and developers, aiming to speed up approvals and streamline the redevelopment process.

The Delhi government will develop a portal to curb property frauds. The system will digitally verify ownership, property history, and registration status, offering buyers a secure way to validate real estate transactions and prevent forgery.

The Union Cabinet on Wednesday approved a 19.2-km Zirakpur Bypass road project in Punjab and Haryana to be built at a cost of Rs 1,878.31 crore. The six-lane Zirakpur Bypass will start from Junction with NH-7 (Zirakpur-Patiala) and end at Junction with NH-5 (Zirakpur-Parwanoo) with a total length of 19.2 km in Punjab and Haryana. The primary purpose of the project is to ease congestion in Zirakpur, Panchkula and surrounding areas by diverting traffic from Patiala, Delhi, Mohali Aerocity and providing direct connectivity to Himachal Pradesh. - PTI

Food and grocery delivery platform Zomato officially changed its name to 'Eternal Ltd' on the stock exchanges from Wednesday, following approval from the Ministry of Corporate Affairs. - PTI

All Maharashtra departments must now submit a preliminary project report to the chief minister for approval to secure external assistance loans from international agencies, according to a new government resolution. The loans must comply with fiscal deficit limits set by the FRBM Act and the Centre’s Net Borrowing Ceiling. Projects must align with economic, social, and institutional objectives and be vetted by MITRA before submission to the Department of Economic Affairs. Loan negotiations require state cabinet approval. - PTI

The Uttarakhand High Court has asked the MDDA Vice Chairman to explain ongoing illegal constructions in Rishikesh. The court flagged environmental and planning violations, pushing for stricter enforcement and clear accountability from urban authorities.

The Reserve Bank of India has cut the repo rate by 25 basis points to 6.00% and shifted to an accommodative stance to boost economic activity. Analysts expect further rate cuts this year as inflation stabilizes and the RBI seeks to support growth momentum.

The Delhi Development Authority has extended the deadline for its two housing schemes to April 30. The extension gives homebuyers more time to apply for flats in various city locations, following increased interest and demand from prospective applicants.

hBits has received SEBI approval to launch a Small and Medium REIT, enabling fractional investment in commercial real estate. This move opens doors for retail investors, increases transparency, and adds liquidity to India’s real estate market through regulated property investment structures.

Cyient plans to invest USD 100 million to bolster its semiconductor capabilities, focusing on design, testing, and embedded software services. This initiative aims to meet the rising demand in sectors like 5G and AI by expanding talent and infrastructure.​

V-Mart Retail's acquisition of 'Unlimited' and Limeroad aims to boost its value fashion segment and online presence. The company plans to expand stores in smaller cities to leverage rural demand recovery.​

A condo in Toronto’s Etobicoke area was resold for USD 30,000 less than its 2021 purchase price, reflecting the city’s cooling housing market. The drop is linked to high mortgage rates and evolving buyer sentiment, with more investors opting to sell properties purchased at peak prices.

The Kolkata Municipal Corporation (KMC) has made it compulsory for real estate developers to install information boards at construction sites. These boards must display crucial project details, including sanctions, contact information, and safety guidelines. The move aims to increase transparency, ensure compliance with building norms, and empower homebuyers with verified data.