22 Jul 2026

Eyewear retailer Lenskart has leased 88,343 sq ft of office space at Worldmark 6 in Delhi Aerocity, reinforcing its corporate presence in one of the capital's leading commercial districts. The long-term lease is estimated to have a rental outgo of around INR 232 crore over its tenure, according to property registration documents. The transaction reflects continued demand from occupiers for premium Grade A office spaces in established business hubs offering strong connectivity and modern infrastructure. Delhi Aerocity has witnessed sustained leasing activity from companies across technology, consulting, aviation, financial services and consumer sectors.Read more

22 Jul 2026

The South 24 Parganas district administration has initiated demolition of a portion of a Trinamool Congress party office linked to MP Abhishek Banerjee in Amtala, citing alleged deviations from sanctioned building norms. The action follows an administrative review of the structure and has triggered a legal challenge before the Calcutta High Court. The case has drawn attention to the enforcement of building regulations, the approval process for commercial structures and the role of local authorities in addressing alleged unauthorised construction.Read more

22 Jul 2026

Aurum PropTech Ltd reported a consolidated net profit of INR 45.18 crore for the first quarter of FY2026–27, reversing a loss recorded a year earlier, primarily due to gains from the sale of two commercial buildings in Navi Mumbai. The Mumbai-based PropTech company also reported a rise in total income to INR 119.01 crore during the April–June quarter. The asset sale, valued at INR 112 crore, was completed during the quarter, with the balance gain recognised as other income from discontinued operations. The results come days after Aurum PropTech announced the acquisition of Housing.com in an all-equity transaction aimed at expanding its digital real estate ecosystem.Read more

22 Jul 2026

Meghna Infracon Infrastructure Ltd has launched a commercial development at Wagle Estate in Thane, within the Mumbai Metropolitan Region (MMR), with an estimated revenue potential of INR 300 crore. The project, named Meghna One, will have a developable area of approximately 2.8 lakh sq ft and will comprise premium office, retail and hospitality spaces. The launch forms part of the company's expansion in the commercial real estate segment, targeting one of MMR's established business districts, where demand for integrated commercial developments has remained steady.Read more

22 Jul 2026

Reliance Retail Ventures reported a decline in net profit for the first quarter of FY27 despite recording steady revenue growth and higher customer engagement. The company attributed the fall in profitability to continued investments in digital commerce and supporting infrastructure, which increased fixed costs and impacted margins. During the quarter, the retailer expanded its store network, added millions of new customers, and recorded a sharp rise in transactions, reflecting continued demand across its physical and digital retail formats.Read more

22 Jul 2026

The International Financial Services Centres Authority (IFSCA) has released a consultation paper proposing to expand the list of overseas jurisdictions whose investment products can be distributed through GIFT City. The proposal would allow regulated distributors operating in GIFT IFSC to offer eligible investment products from additional international markets, including the European Union, the UAE, Singapore and Australia, subject to regulatory conditions. The move is aimed at broadening investment choices for eligible investors, strengthening GIFT City's position as an international financial services hub and aligning its distribution framework with global practices. IFSCA has invited public comments on the draft proposal before finalising the revised regulatory framework.Read more

22 Jul 2026

Karnataka BJP President B Y Vijayendra has urged the state government to consider Tumakuru instead of Kanakapura as the location for Bengaluru’s proposed second international airport. He argued that the move would promote balanced regional development, improve access for people across the state, and reduce pressure on Bengaluru’s infrastructure. Vijayendra also raised concerns over environmental impact, allegations of real estate-driven decision-making, and called for wider consultation with legislators before the government finalises the airport site.Read more

22 Jul 2026

Air India Group expects to induct around 50-60 new aircraft over the next 18 months as it continues with its transformation programme despite delays in aircraft deliveries, supply chain disruptions and geopolitical challenges. The Tata Group-owned airline said fleet modernisation, aircraft retrofits and investments in maintenance infrastructure remain on track. While some operational disruptions affected services in recent months, the airline is gradually restoring its network and expects aircraft deliveries to accelerate from the end of this year. Air India also continues to invest in improving customer experience and operational reliability.Read more

21 Jul 2026

Mizoram has positioned itself as an emerging destination for event tourism, highlighting its natural landscapes, improving connectivity and government support for the sector. During a regional summit in Guwahati, the state invited event management professionals to consider Mizoram for large-scale events. The government said event tourism could create jobs and boost local economies while showcasing the state's attractions and tourism calendar. Officials also highlighted improved rail and air connectivity, which has enhanced accessibility and strengthened Mizoram's readiness to host major tourism and entertainment events.Read more

21 Jul 2026

HCLTech has expanded its presence in Gujarat by opening a new Global Technology Centre at GIFT City, Gandhinagar. The facility has started operations with an initial workforce of 100 employees, most of them from Gujarat. During the inauguration, Gujarat Deputy Chief Minister Harsh Sanghavi highlighted the company's initiative to create employment opportunities for professionals from the state closer to their homes. HCLTech also signed agreements with IIT Gandhinagar and Gujarat Technological University to strengthen industry-academia collaboration, focusing on artificial intelligence, financial technology research and skill development.Read more

21 Jul 2026

MakeMyTrip has initiated the process to list its India business by confidentially filing a draft red herring prospectus (DRHP) with SEBI for the proposed initial public offering (IPO) of its wholly-owned subsidiary, MakeMyTrip (India) Ltd. The offering is expected to comprise a sale of existing equity shares by the parent company and another wholly-owned subsidiary. The company said the listing is aimed at improving brand visibility, strengthening talent acquisition, and supporting long-term growth while continuing to retain control over its India business after the IPO.Read more

21 Jul 2026

Oberoi Realty reported a strong financial performance for the first quarter of FY27, with consolidated net profit rising 29 per cent year-on-year to INR 543.51 crore, supported by higher total income. The Mumbai-based real estate developer also recorded a notable increase in revenue during the quarter, reflecting steady business momentum. The company's performance comes amid sustained demand in the premium housing segment, where it has a strong presence across the Mumbai Metropolitan Region. The latest quarterly results indicate continued operational stability and healthy financial growth.Read more

21 Jul 2026

The Reserve Bank of India (RBI) has imposed monetary penalties on six financial companies, including Muthoot Finance, for violating various regulatory requirements. The penalties relate to shortcomings in risk management, anti-money laundering systems, loan classification norms, corporate governance and exposure limits. While the fines are relatively small, the action highlights the RBI's continued focus on strengthening regulatory compliance across non-banking financial companies (NBFCs) and financial institutions. The central bank clarified that the penalties are based on compliance deficiencies and do not question the validity of transactions or agreements entered into by these entities.Read more

21 Jul 2026

The eighth Global Real Estate Brand Awards (GREBA) 2026 concluded in Bengaluru, bringing together more than 200 real estate developers, policymakers, technology firms and corporate leaders to discuss artificial intelligence (AI), PropTech adoption and sustainable urban development. The event featured market outlook sessions, panel discussions on digital transformation and an awards ceremony recognising more than 25 developers, projects and industry professionals. Institutional partners, including CareEdge Ratings, ANAROCK Group and NAREDCO Karnataka, participated in the summit, which focused on emerging market trends, technology-led development and innovation across India's real estate sector. Awards were presented across residential, commercial, PropTech and individual leadership categories.Read more

21 Jul 2026

• The Greater Chennai Corporation (GCC) has extended its special property tax collection camps until July 31, 2026, providing property owners additional time to clear pending dues.
• The initiative aims to improve tax compliance by offering residents accessible payment facilities and assistance through designated collection centres across Chennai.
• The extension forms part of the civic body’s efforts to strengthen property tax revenue collection and improve municipal financial management.
• Revenue generated through property taxes supports essential civic services, infrastructure maintenance and urban development activities undertaken by the corporation.Read more

21 Jul 2026

Dallas-based data centre provider Csquare has raised USD 1.05 billion through its US initial public offering, reflecting continued investor interest in companies linked to artificial intelligence infrastructure. The company sold 50 million shares at USD 21 each, valuing it at approximately USD 3.25 billion. Csquare operates 64 data centre sites across 21 metropolitan markets in North America and the UK. The proceeds will be used to repay debt and cover offering-related expenses as its shares begin trading on the New York Stock Exchange.Read more

20 Jul 2026

The Chhattisgarh Economic Offences Wing (EOW) has filed a chargesheet in connection with an alleged INR 104 crore housing loan fraud, marking a significant development in its investigation into the misuse of housing finance. The agency has also arrested a retired seed manager for his alleged role in the case. According to investigators, the fraud involved the fraudulent sanction and disbursal of housing loans through forged documents and irregular approvals, allegedly with the involvement of multiple individuals, including bank officials and government employees. The EOW said the investigation is continuing to identify other accused, trace the flow of funds and recover the defrauded amount.Read more

20 Jul 2026

Madhya Pradesh has launched its first state-supported international flight service with a direct Air India Express connection between Indore and Abu Dhabi. Backed by the state's Civil Aviation Policy 2025, the route aims to improve connectivity with the UAE while supporting trade, investment and tourism. The service is expected to reduce travel time and lower airfares through Viability Gap Funding provided by the state government. The launch is also part of Madhya Pradesh's broader strategy to expand airport infrastructure and strengthen regional and international air connectivity.Read more

20 Jul 2026

Supermarket Income REIT has launched a retail share offer, allowing eligible investors in the UK to participate with a minimum investment of GBP 250. The offer is being conducted alongside institutional fundraising and forms part of the company's broader capital-raising exercise. The proceeds are expected to support the acquisition of supermarket assets across the UK, strengthening its grocery-focused real estate portfolio. The retail offer is available through the RetailBook platform and remains subject to shareholder approval and regulatory requirements before the new shares are admitted to trading.Read more

20 Jul 2026

The Central Bureau of Investigation (CBI) has carried out searches at six locations across four states in connection with an alleged INR 1,109 crore bank fraud involving Bhubaneswar-based Gupta Power Infrastructure Ltd. The agency alleges that the company secured higher credit facilities from Canara Bank by manipulating financial records, inflating stock values and trade receivables, and diverting loan funds. Searches were conducted at the company's offices, manufacturing units and the residential premises of its directors as part of the ongoing investigation into the alleged financial irregularities.Read more