Priyanka Vig

16 Jun 2026

India’s hospitality industry is emerging as one of the fastest-growing and most structurally important sectors in the economy. The industry is entering a strong structural growth phase driven by rising demand across accommodation, travel, food & beverage, and events. The sector spans everything from luxury hotels to budget stays and contributes significantly to GDP, employment, and local economies. With market projections indicating rapid expansion, improving occupancy, and rising RevPAR, India’s hotel ecosystem is showing sustained momentum even amid new supply additions. However, branded hotel penetration remains low compared to global benchmarks, highlighting a large untapped opportunity for long-term expansion.Read more

16 Jun 2026

The Enforcement Directorate (ED) has arrested two former executives of the Reliance Anil Ambani Group as part of an ongoing money laundering investigation. Sateesh Seth and Gautam Doshi were taken into custody in Mumbai on Friday under the provisions of the Prevention of Money Laundering Act (PMLA). The agency is seeking to move the accused to Delhi on transit remand as the case has been registered in the national capital. Both individuals previously served as directors of Reliance Telecom Ltd. The arrests mark a development in the ED’s ongoing investigation being conducted under India’s anti-money laundering framework.Read more

Noida News Desk

16 Jun 2026

Noida International Airport has successfully completed a full-scale aircraft turnaround trial as it moves closer to commencing commercial operations. The exercise tested the airport's ability to manage passenger movement, baggage handling, aircraft servicing and ground operations in a live environment. Conducted as part of the airport's operational readiness programme, the trial brought together airlines, ground handlers and airport teams to evaluate coordination across key functions. The milestone follows recent validation flights and regulatory assessments, signalling that the airport is entering the final phase before opening to passengers.Read more

15 Jun 2026

The Municipal Corporation of Delhi (MCD) is considering a reduction in regularisation charges for unauthorised constructions after receiving a limited response to the recently launched SWAGAM portal. Introduced to facilitate self-declaration and regularisation of building deviations, the portal has seen fewer applications than anticipated since its rollout. Civic officials are now evaluating revisions to the fee structure to encourage greater participation from property owners and improve compliance with building regulations. The proposal is part of MCD's broader effort to address unauthorised construction through a digital framework rather than relying solely on enforcement measures. Any reduction in charges is expected to benefit owners of residential and commercial properties seeking to regularise deviations and obtain approvals under the scheme.Read more

15 Jun 2026

DigiCo Infrastructure REIT has entered into a conditional agreement to divest its LAX1 and LAX2 sites, marking a strategic move in its asset portfolio management. While the company has not disclosed financial details of the transaction, it has reaffirmed its FY26 underlying EBITDA guidance of AUD 125 million, indicating confidence in its operating performance despite the planned asset sale. The announcement comes as infrastructure and data centre-focused REITs continue to optimise their portfolios to support growth, capital allocation strategies and long-term operational efficiency.Read more

15 Jun 2026

Prestige Group and Bengaluru Airport City Limited (BACL) have announced a large mixed-use development within Bengaluru Airport City that will combine business, hospitality, cultural and lifestyle offerings in a single integrated ecosystem. The project will be anchored by a convention and exhibition centre and will also include luxury hotels, office space, retail and food and beverage facilities. With an estimated investment of around INR 1,800 crore, the development is expected to strengthen Bengaluru’s position as a major business and tourism destination while supporting economic activity and employment growth in the rapidly developing airport corridor.Read more

15 Jun 2026

The Securities and Exchange Board of India (SEBI) has proposed a revised framework to harmonise the base price used for pre-open call auctions and price bands for stocks listed on multiple exchanges. The proposal aims to address price divergence observed in illiquid stocks when trading occurs on one exchange but not on another. Under the proposed mechanism, exchanges would use closing prices from actively traded venues to determine price bands and pre-open auction reference prices, ensuring greater consistency in stock pricing across trading platforms.Read more

15 Jun 2026

California-headquartered workforce and technology solutions provider Tryfacta Inc has filed draft papers with the International Financial Services Centres Authority (IFSCA) for a proposed USD 100-150 million initial public offering (IPO) on the exchanges at GIFT City, Gujarat. The offering comprises a fresh issue of up to 13.3 million equity shares and an offer for sale of up to 3 million shares by shareholder Ratika Tyagi. Upon listing, Tryfacta is expected to become the first US-headquartered company to list its equity shares in India through the GIFT City framework. The company plans to use the proceeds for debt repayment, acquisitions, strategic investments and general corporate purposes. The proposed listing underscores GIFT City's growing role as an international financial centre attracting global companies seeking access to capital markets.Read more

15 Jun 2026

Marriott International has reached a significant global milestone with the opening of its 10,000th property, the 127-key JW Marriott Ranthambore Resort & Spa in Rajasthan. The launch marks a major expansion benchmark for the hospitality company, which now operates across 146 countries and territories worldwide. The new luxury resort also strengthens Marriott's presence in India's growing leisure and wildlife tourism market. The achievement comes nearly a century after the company began operations as a small root beer stand and reflects the scale of its global growth across multiple hospitality segments. Marriott stated that the milestone was made possible through the continued support of property owners and the efforts of its global workforce.Read more

Vriti Gothi

15 Jun 2026

India's REIT market has grown more than sixfold since the country's first listing in 2019, with market capitalisation rising from INR 264 billion in FY20 to nearly INR 1.6 trillion in FY25 and assets under management expanding to 174 million sq ft. Yet, despite this rapid growth, India accounts for less than 1% of the global REIT market and has an institutionalisation rate of just 20%, compared with 96% in the US. Yet despite rapid growth, India remains a small player in the global REIT landscape. The question now is whether a new regulatory framework for SM REITs can help broaden participation and bring a much larger pool of commercial real estate into the listed investment universe.Read more

15 Jun 2026

• Prime Securities' group company, Prime Litmus Investment Management Ltd, has launched the Prime Litmus Real Estate Opportunities Fund with a target corpus of INR 750 crore and a greenshoe option of INR 250 crore.
• The Category II Alternative Investment Fund (AIF) will focus on structured credit investments in under-construction real estate projects across MMR, NCR, Bengaluru, Chennai, Hyderabad and Pune.
• The fund will primarily invest in self-liquidating projects backed by established developers, with an emphasis on strong cash-flow visibility and security structures.
• It aims to deliver annual returns of 18-20 per cent through conservative underwriting and active asset management practices.
• The fund has been launched through a joint venture between Prime Research and Advisory Ltd, a subsidiary of Prime Securities, and Litmus Global Services LLP.Read more

15 Jun 2026

SAMCO Securities has launched a global investing platform that will allow Indian investors to invest in US-listed stocks and exchange-traded funds (ETFs) following the receipt of a broker-dealer licence from the International Financial Services Centres Authority (IFSCA) at GIFT City. The platform offers access to more than 700 global securities, including companies listed on major US indices and a wide range of ETFs. Through fractional ownership and digital onboarding, the company aims to make international investing more accessible while supporting investors with research-backed insights and portfolio monitoring tools.Read more

15 Jun 2026

• Kolhapur Municipal Corporation (KMC) is planning to develop five commercial complexes through the public-private partnership (PPP) model on municipal land across key city locations.
• The civic body has identified sites including Shingoshi Market, Kombdi Bazaar, Chhatrapati Tararani Market premises, areas near the Central Bus Stand and Bawda Water Park.
• The initiative aims to create sustainable non-tax revenue streams amid growing financial pressures on urban local bodies.
• KMC has started the process of conducting feasibility studies and appointing consultants for project planning and implementation.
• The corporation is also working on plans for a new administrative building at Shenda Park to address infrastructure requirements.Read more

15 Jun 2026

The Reserve Bank of India (RBI) has issued final guidelines allowing commercial banks to lend directly to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), widening access to institutional credit for the real estate and infrastructure sectors. The framework, which comes with prudential safeguards, caps aggregate bank exposure to a trust and its underlying entities at 49% of asset value, mandates fully secured lending and links repayment structures to cash flows. The revised norms replace certain restrictions proposed in the draft framework and are expected to provide REITs and InvITs with an additional source of long-term capital while maintaining financial stability and risk controls within the banking system.Read more

14 Jun 2026

Anthurium, a mixed-use commercial development by Sundream Group in Sector 73, Noida, has recorded growing occupancy and retail activity, with more than 300 operational offices and the presence of several national food and beverage brands. Spread across nearly five acres, the project combines office spaces, retail outlets, restaurants and lifestyle amenities within a single development. Located in Central Noida, the project benefits from connectivity to the Sector 52 Metro Station, the FNG Corridor and the DND Flyway. The development reflects the increasing preference for integrated commercial destinations that combine workspaces, retail offerings and leisure facilities in rapidly growing urban markets.Read more

14 Jun 2026

Interior My Room by Rawat has launched its third studio in Kharadi, Pune, expanding its retail and customer engagement network in one of the city’s key residential and commercial corridors. The company, which specialises in customised furniture and interior solutions, has delivered more than 10,000 modular kitchens and over 1 crore sq ft of furniture since its inception. The new studio complements its existing facilities in Bavdhan and on the Pune–Bengaluru Highway, where it also operates a 1 lakh sq ft manufacturing unit. The expansion comes as demand for customised interiors and modular furniture continues to grow across residential developments in Pune and other urban markets.Read more

14 Jun 2026

Australia's second-largest lender, Westpac, has reported a decline in mortgage demand following the federal government's recent tax policy changes targeting property investors. The bank said overall mortgage applications have fallen by 10%, while investor loan applications have dropped by 20% since the measures were announced in the federal Budget. The policy changes include restrictions on negative gearing and reforms to capital gains taxation, which are expected to influence investor behaviour and slow housing credit growth. Westpac believes the measures could further moderate activity in Australia's residential property market over the coming years.Read more

14 Jun 2026

Mumbai has been ranked among the world’s leading financial services talent centres in Colliers’ Global Financial Services Markets 2026 report, which analysed more than 200 markets globally. The city was classified as India’s primary financial services Global Centre and placed among the top global hubs alongside New York City, London, Singapore, Beijing, Shanghai, Hong Kong and Tokyo. The report highlights Mumbai’s strong labour market, sizeable talent pool and concentration of financial services headquarters. India also featured prominently across the rankings, with Delhi NCR, Bengaluru, Hyderabad, Chennai and Pune emerging as key financial services talent destinations, reflecting the country’s growing role in global banking, financial technology and business operations.Read more

14 Jun 2026

Direct-to-consumer nutrition and sports supplement brand BeastLife has reported a turnover of INR 105 crore for FY26 and is targeting INR 250 crore in revenue during FY27. The Gurugram-based company recently achieved net monthly sales of INR 20 crore, exceeding its internal target of INR 15 crore and taking its annual revenue run rate to around INR 240 crore. Founded in 2024 by fitness influencer Gaurav Taneja and former Mamaearth executive Raj Vikram Gupta, the company has also become EBITDA positive within two years of operations. To support future growth, BeastLife plans to expand through offline retail partnerships, branded cafés, vending machine networks and continued investment in product development following a recent INR 20 crore funding round.Read more

14 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has received the ‘Excellence in Renewable Energy-Led Urban Governance’ award at the Maharashtra Energy Expo Awards 2026 in recognition of its initiatives in renewable energy and sustainable urban development. The award, presented by Solar Quarter, acknowledges the civic body's implementation of solar power projects across public infrastructure, large-scale deployment of solar and LED street lighting, and energy conservation measures. NMMC has installed solar energy systems across 25 public buildings and 50 public facilities, generating over 350,000 units of renewable energy annually. The recognition also highlights the corporation's upcoming 100 MW floating solar project at Morbe Dam, which is expected to significantly expand clean energy generation and support long-term sustainability objectives.Read more