30 minutes ago

Scandinavian Airlines (SAS) is set to resume regular services between India and Scandinavia with five weekly non-stop flights connecting Mumbai and Copenhagen. The service, scheduled to begin in October, will be operated using a 226-seat Airbus A330 and will restore the airline’s direct presence in India after its earlier withdrawal from the market. SAS had initially planned to restart the route earlier this year, but its inaugural flight was forced to return to Copenhagen because the required final regulatory approval had not been secured. The renewed service is expected to improve direct connectivity for business and leisure travellers.Read more

5 hours ago

Skyline Builders Group Holding has acquired two gold and silver mineral properties in Nevada as it expands beyond its existing construction-focused business. The acquisitions include the early-stage Mill Creek gold exploration project and the past-producing Irwin gold and silver property. Mill Creek covers about 720 acres across 36 mining claims, while Irwin has recorded historical assays of up to 7.5 grams of gold and 96 grams of silver per tonne. The acquisitions come ahead of Skyline’s planned business combination with Cove Kaz Resources, which is focused on tungsten and critical mineral projects in Kazakhstan.Read more

6 hours ago

Suraj Estate Developers reported a 7.4% year-on-year increase in consolidated profit after tax (PAT) to INR 22.85 crore for the quarter ended June 30, 2026. Consolidated total income rose 9.8% to INR 146.23 crore, while EBITDA increased 9% to INR 54.8 crore. The Mumbai-focused developer recorded a 74% rise in sales value to INR 141 crore and a similar increase in sales area to 28,834 sq ft. During the quarter, the company also acquired a Dadar West land parcel for about INR 18 crore, with an estimated gross development value of INR 100 crore.Read more

6 hours ago

The Asian Development Bank (ADB) has approved a USD 50 million emergency loan for the Maldives to help the country manage fuel shortages and protect essential energy and water services amid the impact of the ongoing conflict in West Asia. The Maldives depends heavily on imported fuel, with about 94 per cent of its electricity generated using fuel. Rising global fuel prices and weaker tourist arrivals have added pressure on government finances. The assistance will support fuel imports and help maintain electricity, water, transport, food, medical supply and waste management services across the island nation.Read more

7 hours ago

Juniper Hotels will invest around INR 850 crore to develop a 550-key five-star hotel in Sector 23, Dwarka, Delhi. The company has signed a licence deed with the Delhi Development Authority through its wholly owned subsidiary, Juniper Hospitality Assets Pvt Ltd. The hotel is targeted for completion by 2030. Once operational, the project is expected to take Juniper Hotels’ presence in New Delhi to around 1,000 keys. The company is also working on other developments and evaluating inorganic opportunities as it aims to increase its portfolio to approximately 3,900 keys by FY 2030-31.Read more

7 hours ago

K Hospitality Corp's restaurant platform, Charcoal Concepts, and UK-based The Restaurant Group have formalised a joint venture to expand the pan-Asian dining chain Wagamama across India. The partnership targets at least 100 outlets over the next ten years and was announced alongside the opening of Wagamama's fourth Indian restaurant in Mumbai. One report places the investment at INR 550 crore. The move builds on the brand's debut Indian outlet in Churchgate, Mumbai, which opened roughly a year earlier and outperformed initial expectations, prompting the scaled-up partnership.Read more

8 hours ago

The Centre has told the Supreme Court that it has accelerated the drafting of rules under the Bharatiya Vayuyan Adhiniyam, 2024, with the final framework expected within three weeks. The development came during a hearing on a petition seeking stronger regulation of airfares, ancillary charges and passenger protection in India. The government placed the draft rules before a bench of Justices Vikram Nath and Sandeep Mehta in a sealed cover, saying final discussions were underway. The court asked the Centre to publish the draft within seven days and warned that airlines failing to comply with applicable airfare directions should face strict action. The petition, filed by social activist S Laxminarayanan, seeks an independent and robust aviation regulator and measures to address unpredictable fluctuations in ticket prices and additional charges levied by private airlines.Read more

8 hours ago

Bengaluru-based real estate developer Puravankara Ltd reported a consolidated net profit of INR 25.23 crore for the quarter ended June, compared with a net loss of INR 68.55 crore in the corresponding period a year earlier. The company’s total income increased to INR 877.15 crore during the first quarter of the current financial year from INR 538.64 crore in the same period of the preceding year, according to a regulatory filing. Puravankara is among India’s major real estate developers and has completed 97 projects so far, covering a combined 59 million sq. ft. across nine cities. Its completed project portfolio spans Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa.Read more

9 hours ago

The Enforcement Directorate (ED) has provisionally attached immovable properties valued at INR 129.80 crore in an alleged real estate fraud involving homebuyers and investors in Ahmedabad. The action was taken by the agency’s Ahmedabad Zonal Office under Section 5(1) of the Prevention of Money Laundering Act, 2002, through an order dated August 14. The case involves Ronak Ravjibhai Sonani, Vipulbhai Gordhanbhai Gangani, Keshav Narayan Group and others. The investigation followed five FIRs registered in Ahmedabad and relates to alleged schemes that offered flats and shops at pre-launch prices and promised returns of 54–100 per cent. The ED has alleged that the projects lacked mandatory RERA registration and non-agricultural permissions, while buyers were allegedly not given the promised properties or refunds.Read more

10 hours ago

Max Estates Ltd reported a 30% year-on-year decline in consolidated net profit to INR 8.35 crore for the quarter ended June, compared with INR 11.93 crore in the corresponding period of the previous financial year. The company's total income remained broadly unchanged at INR 80.07 crore during the first quarter of the current fiscal year, against INR 80.12 crore a year earlier, according to a regulatory filing. Established in 2016, Max Estates is the real estate arm of Max Group and has residential and commercial projects across Delhi-NCR. The company also operates Max Asset Services, a real estate services and management business. Its operations are focused on property development and related services within the Delhi-NCR market.Read more

11 hours ago

Navi Mumbai International Airport (NMIA) has received its first international freighter, marking another step in the expansion of its cargo operations. The Hong Kong Air Cargo-operated Airbus A330-200F arrived from Hong Kong carrying around 60 tonnes of import and export shipments. The carrier will operate three weekly services, resulting in six weekly cargo air traffic movements between the two cities. NMIA is also preparing for 13 additional freighter services connecting it with major markets across Asia, Europe and West Asia. The expansion comes as cargo operations at Mumbai airport face a planned suspension of dedicated freighter flights.Read more

11 hours ago

WeWork Global has sold a 2.52% stake in flexible workspace operator WeWork India Management for INR 244.14 crore through open-market transactions, reducing its holding in the Indian company to 12.3% from 14.82%. The sale involved 35 lakh equity shares transferred in five tranches by its affiliate 1 Ariel Way Tenant Ltd at an average price of INR 697.55 per share. Despite the reduction, WeWork Global remains the largest public shareholder. The transaction comes as WeWork India reported a consolidated net loss of INR 4.30 crore for the April-June quarter, although total income increased to INR 700.74 crore. The Indian business, majority-owned by Embassy Group, began in 2017 as a joint venture between WeWork Global and Embassy Group and remains the exclusive licensee of the WeWork brand in India.Read more

12 hours ago

Larsen & Toubro (L&T) has secured an ultra-mega order in the Middle East for the development of multiple offshore facilities, expanding the infrastructure major’s portfolio of large-scale energy projects in the region. L&T Energy Hydrocarbon Offshore (LTEH Offshore) will execute the engineering, procurement, construction, installation and commissioning (EPCIC) work for the facilities. L&T classifies orders valued above INR 15,000 crore as ultra-mega. The company said the award reinforces LTEH Offshore’s presence in the Middle East and reflects customer confidence in its ability to execute complex offshore developments. The business has integrated engineering, project management, procurement, fabrication and installation capabilities, supported by an offshore vessel fleet. Over four decades, it has delivered fixed platforms, subsea pipelines, brownfield modifications, deepwater structures and pipelines, and decommissioning projects across global markets.Read more

15 hours ago

Finance Minister Nirmala Sitharaman said the government will soon constitute a high-level committee on Banking for Viksit Bharat to prepare a roadmap for the banking sector to support India’s development goals. The panel was proposed in the Union Budget to comprehensively review the sector while maintaining financial stability, inclusion and consumer protection. The announcement came during the two-day PSB Confluence, where public sector banks and financial institutions discussed deposit mobilisation, youth banking, investment financing, global capability centres, agriculture infrastructure, credit cards and priority sector lending.Read more

17 hours ago

India’s six listed Real Estate Investment Trusts (REITs) collectively distributed INR 3,136 crore to more than 4.85 lakh unitholders during the June quarter of FY27, according to data from the Indian REITs Association (IRA). The listed trusts covered by the data are Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, Knowledge Realty Trust and Bagmane Prime Office. The distribution was more than double the INR 1,559 crore paid by four listed REITs during the corresponding quarter a year earlier. Knowledge Realty Trust and Bagmane Prime Office were listed subsequently. Since inception, the six REITs have cumulatively distributed more than INR 34,800 crore. Their combined gross assets under management stood above INR 3.17 lakh crore as of June 2026.Read more

18 Aug 2026

Arab Development and Real Estate Investment reported a net loss after tax of EGP 1.9 million for the first half of 2026, while revenue stood at EGP 4.1 million. The company operates in Egypt’s real estate sector and is listed on the Egyptian Exchange’s SME market. Its latest results come after a profitable 2025, when the company recorded net profit of EGP 12.7 million. However, earnings had already weakened in the first quarter of 2026, when net profit fell 60.3% year-on-year and revenue declined to EGP 1.607 million.Read more

18 Aug 2026

Smartworks Coworking Spaces Ltd is adding 176,285 square feet of coworking capacity in Pune with an investment of INR 280 million. The addition is expected to further increase the company’s operational footprint in the city as demand for flexible and managed office space continues to grow. Smartworks had about 10.4 million square feet of operational space across 54 centres in 15 cities at the end of June, while its total footprint stood at around 16.9 million square feet. The company has also recently expanded its Pune operations through new enterprise client engagements.Read more

18 Aug 2026

Arihant Foundations & Housing Ltd reported a consolidated net profit of INR 240.9 million, or INR 24.09 crore, for the June quarter, according to the company’s latest financial update. Consolidated revenue from operations stood at INR 1.34 billion, or INR 134 crore. The company had reported consolidated revenue of INR 84.89 crore and net profit of INR 16.35 crore in the corresponding quarter of the previous financial year. Arihant operates in residential and commercial real estate development, with its portfolio focused largely on Chennai and surrounding markets.Read more

18 Aug 2026

China and Hong Kong equities declined as investors turned cautious ahead of Unitree Robotics’ closely watched Shanghai IPO and a series of interim earnings results. Weakness in the property sector added pressure, with real estate stocks among the leading decliners in mainland China and CK Asset falling sharply in Hong Kong after it did not announce a special dividend despite stronger interim earnings. Tightening liquidity, concerns over domestic demand and China’s widening cross-border tax collection also affected sentiment. Technology stocks were mixed, while rare-earth shares and some communications stocks performed better.Read more

18 Aug 2026

Brigade Enterprises reported a 37 per cent year-on-year rise in consolidated net profit to INR 216.94 crore in the first quarter of FY27, compared with INR 157.95 crore in the corresponding quarter of the previous fiscal year. However, consolidated total income declined 11.5 per cent to INR 1,179.22 crore from INR 1,332.86 crore. The company recorded overall sales of INR 1,061 crore during the quarter, while average sales realisation rose 21 per cent to INR 14,256 per square foot. Its real estate and leasing businesses also reported growth in key operating parameters.Read more