15 Apr 2026

Bank of Baroda has partnered with Reliance Jio to expand mobile banking access for feature phone users through the bob World Lite app on JioPhone Prima 4G. Designed with a simple interface, low data usage and keypad navigation, the app enables secure access to essential banking services without a smartphone. Users can access UPI features such as money transfers, bill payments and recharges. The initiative supports financial inclusion by reaching underserved segments and aligns with government efforts to promote digital payments. It also allows both Bank of Baroda and other bank customers to access basic banking services easily.Read more

15 Apr 2026

Private equity investments in India's real estate sector increased by 66% year-on-year to USD 1.2 billion during the January-March quarter of 2026, according to a report by Savills India. Office assets accounted for the largest share at 41%, with key inflows concentrated in Gurugram and Pune, while the hospitality segment contributed 17%. Domestic investors led activity, contributing USD 817 million, or 66% of total inflows, amid relatively cautious participation from foreign capital. The data reflects a recovery in institutional investment activity following earlier subdued trends, with diversified asset classes attracting capital. The report highlights shifting investment patterns and the growing role of domestic capital in sustaining deal activity across India's real estate market.Read more

15 Apr 2026

The Prayagraj Municipal Corporation (PMC) has introduced a 25% rebate on property tax for newly constructed residential buildings, aimed at encouraging fresh housing development and easing the financial burden on property owners. The decision, taken in the past week, applies to the annual rental value assessment, effectively reducing overall house tax liability for eligible properties. The measure forms part of a broader set of fiscal interventions by the civic body, which has recently revised tax frameworks and introduced targeted incentives across property categories. The move is expected to support new residential supply in the city while improving compliance and expanding the municipal tax base through structured incentives.Read more

Ghaziabad News Desk

15 Apr 2026

The Ghaziabad Municipal Corporation (GMC) has approved a reduction of 35-40% in property tax rates after sustained protests by residents and intervention from the Uttar Pradesh government. The revised structure, cleared in the past week, lowers per square foot tax rates across categories and will come into effect shortly. The decision follows widespread opposition to earlier revisions that had significantly increased tax liabilities for property owners. Authorities have also revised the basis of tax calculation and introduced provisions to adjust excess payments made under previous rates. The move is expected to ease the financial burden on homeowners while maintaining municipal revenue through broader compliance and recalibrated valuation mechanisms.Read more

15 Apr 2026

The Ministry of Railways has approved 100 infrastructure projects for FY 2025-26 with a total investment of INR 1.53 lakh crore, marking a substantial increase in capital allocation and project scale compared to the previous year. The sanctioned works will collectively add over 6,000 km to India's railway network and include new lines, doubling, and multi-tracking initiatives. Key states such as Maharashtra, Bihar, Jharkhand, and Madhya Pradesh account for a significant share of the projects. The expansion aims to address congestion on high-density routes, improve passenger services, and enhance freight movement under broader logistics initiatives. The programme also places emphasis on extending connectivity to remote and tribal regions, while supporting industrial corridors and port-linked infrastructure across the country.Read more

15 Apr 2026

The Mangaluru City Corporation (MCC) has recorded its highest-ever property tax collection of approximately INR 149.6 crore for the financial year 2025-26, surpassing its projected target and previous years performance. The achievement, reported in the past week, reflects improved compliance driven by field inspections, data verification and awareness campaigns. The civic body exceeded its target of around INR 112 crore, with collections rising steadily from INR 137 crore in the previous year. The increase has been attributed to targeted surveys across select wards, identification of unassessed properties and streamlined collection mechanisms. The development underscores the growing importance of property tax as a primary revenue source for urban local bodies, supporting infrastructure and civic service delivery.Read more

14 Apr 2026

Poonawalla Fincorp has raised INR 2,500 crore through a Qualified Institutions Placement (QIP) to expand its lending business and strengthen its asset base. The issue saw strong participation from domestic and foreign institutional investors, reflecting confidence in the company's growth strategy. Shares were allotted at INR 370.75 each, a 5% discount to the floor price, with the QIP open from April 9 to April 13. The funds will be used to scale lending operations across key segments. Backed by the Cyrus Poonawalla Group, the NBFC manages assets worth INR 55,017 crore and aims to drive its next phase of growth.Read more

14 Apr 2026

360 ONE Asset has secured INR 2,000 crore in commitments for its Private Investment in Public Equity (PIPE) strategy, reflecting strong investor confidence. The strategy targets listed and late-stage companies, combining private capital flexibility with public market liquidity. It aims to support businesses during key growth phases, including expansion, governance improvement, and balance sheet strengthening. Investments will be made through block deals and anchor placements, with a focus on fundamentals and active engagement. The PIPE route offers companies a faster, more flexible fundraising option compared to IPOs, while giving investors access to structured opportunities, better information flow, and potential medium- to long-term returns.Read more

14 Apr 2026

India's Shapoorji Pallonji Group has approached investors to extend the maturity of debt raised by its real estate and civil engineering arm, Goswami Infratech, as refinancing plans face delays. The high-yield notes, with an outstanding value of approximately INR 83.43 billion, were due to mature at the end of the month. The group has been attempting to raise between USD 2.75 billion and USD 3.1 billion through a mix of dollar and rupee-denominated instruments. However, rising hedging costs linked to central bank actions and global market volatility have slowed execution. Additional caution among investors due to stress in the US private credit market has further affected timelines, with refinancing now expected to conclude in the coming months.Read more

14 Apr 2026

RMZ Group has announced plans to invest over USD 35 billion over the next five years across data centres, artificial intelligence infrastructure, commercial developments, and residential projects, while also considering an initial public offering to secure long-term capital. The privately held real estate and infrastructure firm intends to allocate USD 12-15 billion towards building 1.5 gigawatts of co-location data centre capacity in India. The remaining capital will be directed towards office-led developments catering to global capability centres and a renewed residential push. The expansion aligns with increasing investments in digital infrastructure across India, where data generation significantly outpaces existing data centre capacity, highlighting a structural gap in supply.Read more