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08 May 2026
Bombay High Court has ruled that authorities cannot insist on obtaining a no-objection certificate (NOC) from defence establishments at a belated stage after construction has substantially progressed under approved plans. The court directed authorities to issue an occupancy certificate for two residential buildings near INS Trata in Worli, Mumbai, while holding that the late insistence on a defence NOC was arbitrary and legally unsustainable. The ruling came in response to a petition filed by Techno Freshworld LLP against stop-work notices and denial of occupancy certification by MHADA. The judgment is expected to have implications for redevelopment and real estate projects located near defence establishments, particularly in dense urban areas such as Mumbai.Read more
08 May 2026
TVS Industrial & Logistics Parks has signed an agreement for a 10-acre land parcel in Siliguri, West Bengal, to develop a new logistics park as part of its expansion strategy in eastern India. The proposed project is expected to strengthen regional supply chain infrastructure, support organised Grade A warehousing and improve logistics efficiency for businesses operating across eastern and north-eastern markets. Located in a strategically important transit corridor, Siliguri serves as a gateway connecting mainland India with the Northeast as well as neighbouring countries including Nepal, Bhutan and Bangladesh. The development marks TVS ILP’s second major investment in West Bengal and comes amid increasing demand for institutional-grade warehousing driven by e-commerce, FMCG, pharmaceuticals and regional distribution networks.Read more
08 May 2026
Thailand’s investment board has approved six major projects with a combined value of USD 29 billion, led by a USD 25 billion data infrastructure investment by TikTok’s local unit. The proposal involves expanding data centres and server capacity across Bangkok, Samut Prakan and Chachoengsao to support rising digital demand. The approvals also include other strategic investments aimed at strengthening the country’s industrial and digital ecosystem. The move reflects Thailand’s push to position itself as a regional hub for data infrastructure and technology services, with large-scale capital deployment expected to influence industrial real estate demand and infrastructure development.Read more
08 May 2026
The Mumbai-Ahmedabad bullet train corridor has achieved another major construction milestone with the successful installation of five heavy portal beams over active railway tracks in Ahmedabad’s Maninagar area. Executed by the National High Speed Rail Corporation Ltd (NHSRCL), the work involved some of the heaviest precast structures launched over live Indian Railways lines so far. The complex operation was completed within 22 days using a 2,200 MT crawler crane while maintaining regular train movement. The development marks further progress in India’s first high-speed rail project, which is targeted for operations in 2027.Read more
08 May 2026
Desco Infratech Limited reported strong financial growth for FY 2025–26, driven mainly by its City Gas Distribution segment and improved project execution. The company nearly doubled its revenue and recorded significant increases in profit and EBIT. While margins saw slight moderation due to expansion into the Power and Renewable EPC segment, the move is part of a long-term diversification strategy. Key developments included the acquisition of Shri Green Agro Energies Private Limited and entry into international markets through a UAE subsidiary. The company continues to maintain a strong order book and remains optimistic about future growth.Read more
08 May 2026
Bhutan and the World Bank have signed financing agreements worth USD 515 million for the 1,125 MW Dorjilung Hydropower Project, being developed through a public-private partnership between Tata Power and Druk Green Power Corporation. The project, located on the Kurichhu River in eastern Bhutan, is expected to generate over 4,500 GWh annually, with nearly 80% of output supplied to India. The development is aimed at strengthening regional energy security, enabling clean energy exports, and supporting Bhutan’s economic growth through increased power generation capacity.Read more
08 May 2026
The Maharashtra government has proposed relaxing parking requirements for additional built-up space in key commercial blocks of Bandra Kurla Complex (BKC). The draft allows up to a 50% reduction in parking norms for existing and under-construction buildings in ‘E’ and ‘G’ blocks, subject to space constraints. The move aims to unlock unused development potential in one of Mumbai’s prime business districts. While industry bodies have welcomed the step, concerns remain about added traffic pressure in an already congested area without parallel infrastructure upgrades.Read more
08 May 2026
BASF has announced plans to set up a global service hub and a global digital hub in Hyderabad through its Global Business Services arm, with operations expected to commence in the second quarter of the coming year. The facilities will support functions such as finance, human resources, supply chain, regulatory services, and internal consulting across the company’s global network. The announcement follows an exchange of a Letter of Intent with Telangana authorities. The hubs will form part of BASF’s global delivery network and are expected to contribute to the expansion of Hyderabad’s position as a centre for global capability centres, which have seen steady growth in recent years.Read more
08 May 2026
The Union Ministry of Environment, Forest and Climate Change has approved the Goa government’s proposal to classify 6.72 crore sq m of land along the Mandovi and Zuari riverbanks as an eco-sensitive zone. The designated area, spanning approximately 6,729 hectares, is intended to restrict further development and protect the region’s fragile river ecosystems. The proposal, submitted by the state Forest Department, follows concerns over unregulated construction along key waterways. State authorities have already directed planning agencies to halt new development within the identified stretch. The move is expected to influence land-use regulations and development activity in several river-adjacent areas across Goa.Read more
08 May 2026
KPI Green Energy reported a strong financial performance in the past week, with its consolidated net profit rising by over 49 per cent for the March quarter. The growth was mainly supported by a significant increase in revenue. The company also announced dividend payouts for the financial year 2025–26, including a final and a special dividend, subject to shareholder approval. Meanwhile, its stock price saw an upward movement during intra-day trading on the BSE, reflecting positive market sentiment around its earnings performance and overall growth trajectory.Read more
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08 May 2026
Iron Mountain has increased its full-year financial outlook, supported by strong demand for data centres driven by artificial intelligence growth. The company reported better-than-expected first-quarter earnings and revenue, along with higher adjusted funds from operations. Its data centre leasing activity has seen a strong start this year, reflecting growing enterprise reliance on AI infrastructure. Alongside this, its traditional storage and records management business continues to provide steady cash flow from a diversified client base. The company has also announced a quarterly dividend, signalling confidence in its financial position and growth trajectory.Read more
08 May 2026
The Centre has cleared the launch of the South Coast Railway Zone, with operations scheduled from June 1 and headquarters in Visakhapatnam. The move fulfills a long-pending demand of Andhra Pradesh and is expected to improve railway administration, connectivity, and freight movement. Key changes include restructuring of the Waltair division and coordination with the Rayagada division. The new zone is likely to support industrial growth in North Andhra, enhance logistics efficiency, and create employment opportunities while strengthening overall railway infrastructure in the region.Read more
08 May 2026
The Union Cabinet has approved the development of a ship repair facility at Vadinar, Gujarat, with an investment of INR 1,570 crore. The project will be jointly executed by Deendayal Port Authority and Cochin Shipyard Limited as a brownfield development featuring a 650-metre jetty, floating dry docks and marine workshops. The facility is intended to address gaps in India’s capacity to repair large vessels exceeding 230 metres, enabling servicing of ships up to 300 metres. Located near key ports such as Mundra and Kandla, the project is expected to support maritime infrastructure, reduce reliance on overseas shipyards and generate direct and indirect employment in the region.Read more
08 May 2026
A government panel has supported environmental and CRZ clearance for expanding JSW Dharamtar Port’s capacity in Maharashtra, even after noting environmental damage in the surrounding area. The expansion aims to increase capacity from 33.95 MTPA to 54 MTPA, mainly to support cargo needs of the JSW Dolvi steel plant. During inspection, issues such as coal and iron ore dust on mangroves, wastewater discharge, and rising river turbidity were flagged. The company has agreed to take corrective steps, while authorities have stressed the need for stricter environmental monitoring.Read more
08 May 2026
The Union Cabinet has approved railway multi-tracking projects worth around INR 23,437 crore, including the third and fourth lines between Nagda in Madhya Pradesh and Mathura in Uttar Pradesh. The 568-km corridor is part of a broader infrastructure push under the PM Gati Shakti programme aimed at increasing rail capacity, reducing congestion and supporting freight movement. The projects will enhance connectivity across 19 districts spanning six states and are expected to benefit approximately 83 lakh people. Improved access to key tourism destinations and industrial regions is also anticipated, alongside the ability to handle an additional 60 million tonnes of freight annually.Read more
08 May 2026
Authorities in Gurugram have issued around 2,000 notices to property owners for illegal constructions in stilt parking areas across residential buildings. The enforcement action, taken in the past week, targets unauthorised enclosures, commercial use, and structural alterations in spaces designated for parking under approved building plans. The move follows inspections carried out by the district administration and municipal authorities amid rising complaints and safety concerns. Officials have directed property owners to remove violations within a stipulated timeframe, failing which demolition and further legal action may follow. The crackdown reflects increased scrutiny of compliance with building norms in high-density urban areas.Read more
08 May 2026
Knowledge Marine & Engineering Works Ltd has acquired a prime waterfront land parcel in Maharashtra to expand its shipyard operations and strengthen its maritime infrastructure capabilities. The acquisition, announced in the past week, is aimed at developing a new facility to support shipbuilding, repair, and maintenance activities. The move aligns with the company’s strategy to scale its operational footprint along India’s western coastline and cater to rising demand in the maritime and port services sector. The development is expected to support capacity augmentation, improve operational efficiency, and contribute to regional industrial growth within the state’s coastal belt.Read more
08 May 2026
Skanska AB has secured a contract to expand a data centre in Espoo, Finland, with a project value of around EUR 100 million, equivalent to about SEK 1.1 billion. The development reflects continued growth in data infrastructure demand across Europe, driven by cloud adoption and digital services. Skanska has been actively involved in similar projects in the Nordic region, focusing on energy-efficient construction. The company’s data centre portfolio has expanded in recent years as global tech firms increase investments in scalable and sustainable facilities.Read more
08 May 2026
The National Highways Authority of India (NHAI) has issued a fresh advisory warning that improper use of FASTag could lead to blacklisting, as authorities tighten enforcement of electronic toll collection norms. The directive, issued in the past week, highlights misuse such as not affixing FASTag on the vehicle windscreen, using handheld tags, or linking tags with incorrect vehicle registration numbers. NHAI has also directed issuing banks to validate registration details and blacklist tags with mismatches. The move aligns with the rollout of advanced tolling systems, including barrier-free models, where accurate and compliant FASTag usage is critical. Non-compliance may result in penalties, failed transactions, and disruption at toll plazas.Read more
08 May 2026
A suburban rail blockade at Virar station earlier this week brought attention to recent service changes announced by Western Railway, including the conversion of multiple non-AC trains into air-conditioned (AC) services and the augmentation of 12-coach trains to 15-coach formations. The changes, scheduled for implementation from mid-May, include the introduction of 12 additional AC services and the upgrade of 17 existing suburban trains. While aimed at increasing capacity from 227 to 244 services and improving commuter comfort, the move has reduced the availability of non-AC trains during peak hours on the Virar–Churchgate corridor. This triggered protests by daily passengers, who entered the tracks during the morning rush, citing affordability concerns and overcrowding in remaining general services.Read more
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