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26 Aug 2026
Global logistics company FedEx has announced an investment of approximately USD 150 million to develop an integrated air cargo hub at GMR Cargo City, Indira Gandhi International Airport, New Delhi. The facility, spread across around 230,000 square feet, will bring international gateway and pickup-and-delivery operations under one roof and is expected to raise processing capacity from 600 to 5,000 packages per hour. The groundbreaking ceremony was attended by Union Civil Aviation Minister Shri K Rammohan Naidu.Read more
26 Aug 2026
Inorbit Malls has completed the acquisition of two shopping mall assets from Prozone Realty Ltd for INR 1,242.5 crore as part of its expansion plans. The malls are located in Chhatrapati Sambhaji Nagar, formerly Aurangabad, and Coimbatore. With the completion of the transaction, Inorbit Malls has doubled its asset base from four to eight within a year, while its total gross leasing area has crossed 5 million square feet. Prozone Realty has also confirmed the completion of the sale and transfer of its equity shareholdings in the two mall assets to Inorbit Malls (India) Pvt Ltd.Read more
26 Aug 2026
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that merely purchasing a residential property jointly with a spouse does not automatically restrict the Section 54 capital gains tax exemption to 50% for each co-owner. The tribunal held that the availability of the exemption should be considered in the context of the actual investment and contribution towards the new property, rather than applying an automatic equal division based solely on joint ownership. The ruling addresses the tax treatment of jointly purchased residential property and provides clarity where one spouse has contributed substantially more towards the purchase. The decision is relevant to property owners seeking to claim capital gains relief after selling an earlier residential asset and reinvesting the proceeds in a new home.Read more
26 Aug 2026
The government plans to award 11 Airports Authority of India airports to private players under the public-private partnership model, grouping them into five bundles. The proposed airports include Varanasi, Tirupati, Amritsar, Bhubaneswar and Raipur, along with six smaller airports. The Public Private Partnership Appraisal Committee has given in-principle approval to the proposal, under which each bundle will be awarded to a single concessionaire for 50 years. The total investment by private operators is estimated at INR 8,622 crore. The government has also proposed measures to protect the interests of existing AAI employees during the transition.Read more
26 Aug 2026
Indian Hotels Company Ltd (IHCL), part of the Tata Group, has approved the merger of Oriental Hotels Ltd (OHL) through an all-stock transaction aimed at consolidating its hospitality business. The boards of both companies have cleared the Scheme of Arrangement, under which OHL shareholders will receive 25 IHCL shares for every 117 OHL shares. The merger is expected to be completed in the second half of FY2028, subject to regulatory and shareholder approvals, and is intended to simplify the group's ownership structure and strengthen operational integration.Read more
26 Aug 2026
Haryana Real Estate Regulatory Authority (HRERA) has directed Pyramid Infratech to pay annual interest of 10.8% to four homebuyers over delayed possession of flats in its Pyramid Fusion Homes project in Gurugram's Sector 70A. The authority determined that possession was due in August 2023 and rejected the developer's reliance on Covid-related restrictions, pollution-control measures and labour shortages as grounds for further delay. The project received its occupation certificate in August 2024, with possession subsequently offered and handed over. HRERA has given the developer 90 days to pay the accrued interest.Read more
26 Aug 2026
beYon, the laboratory-grown diamond jewellery brand from the House of Titan, has opened its second exclusive store and its first in North India at Central 50, Sector 50, Noida. The launch expands the brand’s retail presence beyond Mumbai as demand for laboratory-grown diamond jewellery grows among consumers. The store offers more than 1,200 designs in BIS Hallmarked gold across earrings, rings, pendants, necklaces, bracelets, bangles and nosepins. With prices starting at INR 20,000 and most products priced below INR 1 lakh, the brand is targeting everyday jewellery purchases as well as gifting occasions.Read more
26 Aug 2026
The Enforcement Directorate conducted searches at multiple locations in Uttar Pradesh and Haryana as part of a money laundering investigation linked to an alleged GST fraud involving bogus Input Tax Credit (ITC). Nine premises in Muzaffarnagar and Ghaziabad, along with locations in Faridabad, were searched under the Prevention of Money Laundering Act. Officials said INR 1.1 crore in cash was seized from two locations in the two Uttar Pradesh cities. The investigation centres on Jambudwip Exports and Imports, which is accused of generating and passing fraudulent ITC through fabricated invoices and e-way bills without any actual movement of goods.Read more
26 Aug 2026
Realty firm Elan Group has partnered with Marriott International to manage an upcoming JW Marriott Hotel Gurugram and JW Marriott Residences at its 50-acre township in Sector 106, Dwarka Expressway, Gurugram. Elan will handle construction and development, while Marriott Hotels India will manage both the hotel and residences upon completion. Sales for the branded residences will begin after RERA registration is secured. The tie-up adds to a growing list of Delhi-NCR developers entering the branded homes segment.Read more
26 Aug 2026
The Reconciliator under Goa's Department of Cooperation has directed builder M/s Kurtarkar Real Estates to pay INR 19,74,716 in outstanding maintenance dues for 39 unsold units at the Kurtarkar Landmark complex in Gogol, Margao. The order, passed in favour of the Kurtarkar Landmark Cooperative Housing Maintenance Society, rejected the developer's contention that maintenance liability applies only to sold and occupied units, citing Rule 135(5) of the Goa Cooperative Societies Rules, 2003.Read more
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26 Aug 2026
India Infrastructure Finance Company Limited (IIFCL) has raised USD 200 million through two external commercial borrowing transactions, marking the first mobilisation under its larger USD 1.8 billion overseas fundraising programme. The state-owned infrastructure finance institution received government approval to raise about USD 1.8 billion through ECBs and plans to access international markets in multiple tranches. A significant portion of the broader programme is expected to comprise long-term borrowings with tenures of up to 15 years, including funding under the MIGA Guarantee Facility. The funds will support IIFCL’s infrastructure financing activities in India.Read more
26 Aug 2026
Indian Hotels Company Ltd (IHCL), part of the Tata Group, and its associate company Oriental Hotels Ltd (OHL) have approved a Scheme of Arrangement to merge OHL with IHCL through an all-stock transaction. Under the proposed scheme, OHL shareholders will receive 25 IHCL shares for every 117 OHL shares held. The transaction has an appointed date of April 1, 2027, and is targeted for completion in the second half of FY2028, subject to statutory approvals. OHL operates seven hotels with 825 rooms, including Taj Coromandel and Taj Fisherman’s Cove in Chennai and Taj Malabar Resort & Spa in Kochi.Read more
26 Aug 2026
HSBC India has inaugurated a new branch in Nashik, Maharashtra, as part of its wider strategy to expand wealth banking services for affluent, high-net-worth and non-resident Indian clients across emerging growth centres. Nashik, which has a proposed investment pipeline of 314 projects worth over INR 14,000 crore, joins a list of cities where HSBC has opened branches following Reserve Bank of India approval in 2025 for 20 new locations. The bank now operates 34 branches across 22 Indian cities.Read more
26 Aug 2026
Residents of BPTP Park Serene in Gurugram's Sector 37D have escalated their dispute with the developer over the delayed transfer of maintenance responsibilities to the residents' welfare association. The RWA has decided to withhold maintenance-related payments until the handover process is completed and outstanding concerns are addressed. Residents say the prolonged impasse has affected the management of the society and created uncertainty over maintenance arrangements. The dispute adds to wider concerns among residents in Gurugram housing societies over maintenance charges, transparency and the transition of services from developers to RWAs.Read more
25 Aug 2026
Ladakh Lieutenant Governor Vinai Kumar Saxena has reviewed preparations to start commercial civil flight operations from Thoise Airport in Nubra Valley and Kargil Airport. The review meeting with the Ministry of Defence, Indian Air Force, Airports Authority of India and Ladakh Administration focused on infrastructure, regulatory and operational requirements. The Indian Air Force has approved five acres for a new civil terminal at Thoise, where runway recarpeting is underway and civil operations are targeted to begin by December from a refurbished chartered flight terminal. A joint inspection of Kargil Airport is scheduled for September 1 to assess its readiness.Read more
25 Aug 2026
Airport regulator AERA has reduced the User Development Fee (UDF) at Bengaluru airport to INR 300 for departing domestic passengers and INR 997 for departing international passengers for the current five-year control period. The revised charges will take effect from September 1, 2026. AERA has also introduced the incremental Average Revenue Requirement framework for the first time, allowing the airport operator to recover costs of major capital projects only after they are completed and commissioned. The regulator said the approach would prevent passengers from paying upfront for airport infrastructure that is not yet operational.Read more
25 Aug 2026
Passengers travelling abroad from Indian airports will no longer need to carry a physical boarding pass for immigration stamping from September 1. The Bureau of Immigration under the Ministry of Home Affairs has directed airport authorities to stop stamping boarding passes at immigration counters across all international airports. Passengers will instead be required to show an e-boarding pass on their smartphones for immigration clearance. The decision follows complaints that physical stamping was causing inconvenience and leading to errors when boarding passes were stamped incorrectly or could not be read properly.Read more
25 Aug 2026
IHG Hotels & Resorts has signed a management agreement with Discover Resorts Neral Pvt. Ltd. for a 200-key voco-branded property in Karjat, Maharashtra. The existing property will convert to IHG's premium voco brand by early 2028. The signing adds to IHG's expanding India portfolio, which currently comprises 53 operational hotels across seven brands, alongside a pipeline of 110 hotels expected to open over the next three to five years.Read more
25 Aug 2026
Scentre Group, owner of the Westfield brand, has agreed to sell a 50% stake in Westfield Mt Gravatt in Queensland to Australian Retirement Trust for AUD 882.5 million, equivalent to USD 632.22 million. The transaction represents a 3.5% premium to the property's December 2025 book value. The deal is part of Scentre's strategy of attracting third-party capital through joint ventures while retaining exposure to its properties. Westfield Mt Gravatt recorded more than 17 million customer visits in the previous year and generated business partner sales of over AUD 1 billion. Scentre will continue managing the shopping centre.Read more
25 Aug 2026
Mumbai-based developer Ekta World has launched The Business District Collection (TBDC), a new premium commercial real estate platform comprising six projects to begin with, spread across Bandra, Khar and Santacruz West. The portfolio brings together individual commercial developments under a common brand, targeting occupiers such as founder-led businesses, professional services firms and corporate leadership teams. Each project will retain its own architectural identity while sharing common design and planning standards, with the company indicating scope for further expansion of the Collection over time.Read more
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