14 Jul 2026

The Nagpur Municipal Corporation (NMC) is considering a 10% increase in property tax despite presenting its 2026–27 budget with a commitment of imposing no new taxes. The proposed revision, expected to generate an additional INR 15.42 crore in annual revenue, has been placed before the standing committee for approval. Civic officials say the move is aimed at strengthening municipal finances and supporting infrastructure and public service expenditure, while the proposal has sparked debate as it appears to contradict the administration's earlier assurance of a "no new tax" budget.Read more

14 Jul 2026

• StaffFlex Resolutions LLP has signed an agreement with the Meghalaya Technology Parks Society to lease space at Shillong Technology Park-II, becoming the facility's first confirmed occupant.
• The agreement was signed during the NASSCOM Industry Leaders' Meet 2026 in Shillong, marking a key milestone in operationalising the state's expanding IT infrastructure and attracting investments.
• Chief Minister Conrad K. Sangma said Meghalaya is focused on building a sustainable IT ecosystem through infrastructure development, industry partnerships and skill development rather than symbolic agreements.
• Industry leaders recommended measures to strengthen Meghalaya's startup ecosystem, improve ease of doing business and equip the workforce with future-ready digital skills, including artificial intelligence and cybersecurity.Read more

14 Jul 2026

The Naveen Jindal Group has announced plans to invest more than INR 70,650 crore in Jharkhand across steel, nuclear energy and renewable energy projects, further expanding its industrial presence in the state. The proposed investments include a major steel expansion, a nuclear energy project and a solar power initiative. The group has also signed an agreement with the Jharkhand government for the proposed projects. The investment is expected to generate over 11,000 direct jobs while supporting MSMEs, downstream industries, logistics and advanced manufacturing in the state.Read more

14 Jul 2026

Brazilian agribusiness company SLC Agricola has agreed to acquire approximately 8,900 arable hectares in the state of Mato Grosso for BRL 669 million (USD 130 million). The transaction includes agricultural infrastructure such as silos and a cotton processing facility and forms part of the redistribution of the "Bloco Mato Grosso" farmland portfolio owned by Radar, a subsidiary of Cosan. SLC Agricola already operates part of the land under lease agreements and will continue leasing a portion of the remaining area after the acquisition. The deal is subject to regulatory approvals and is expected to close following the scheduled payment milestones.Read more

13 Jul 2026

• MMR recorded 17,148 residential sales priced below INR 50 lakh in the first half of 2026, while Mumbai city saw only 23 apartment sales in the ultra-luxury segment priced above INR 50 crore, according to Knight Frank India's H1 2026 report.
• The findings highlight the region's dual-speed housing market, where affordable homes continue to dominate transaction volumes despite growing interest in premium and luxury residential developments.
• Affordable housing demand remained concentrated in emerging MMR markets such as Thane, Navi Mumbai, Kalyan-Dombivli and Panvel, driven by end-user demand, improved infrastructure and relatively lower property prices.
• The report also indicates that while luxury housing contributes significantly to market value, affordable and mid-income homes continue to underpin overall residential sales, reflecting the sustained demand from first-time buyers and middle-income households.Read more

13 Jul 2026

India’s global capability centre (GCC) ecosystem continues to expand rapidly, with Tier 2 cities expected to play a bigger role as companies look beyond traditional metro locations. According to the Ministry of Electronics and Information Technology (MeitY), India now hosts more than 2,100 GCCs, generating nearly USD 98.4 billion in revenue and employing 2.36 million professionals. Industry experts said lower operating costs, better employee retention and a growing talent pool are making emerging cities more attractive, although stronger technology ecosystems, infrastructure and policy support will be essential to sustain future growth.Read more

13 Jul 2026

Housing sales across India's eight major residential markets rose marginally by 0.7% to 171,471 units during January-June 2026, indicating a phase of market stabilisation following four years of post-pandemic growth, according to Knight Frank India. Premium homes priced above INR 1 crore accounted for 54% of total sales, while the combined share of affordable and mid-income housing fell to 46%. Affordable home sales declined 15% year-on-year, reflecting constrained supply in the lower price segments. Fresh residential launches increased 4% to 187,350 units, supported by continued developer activity. Among the eight cities tracked, Delhi-NCR was the only market to register a decline in sales, while demand remained resilient elsewhere despite moderating growth across the broader housing sector.Read more

13 Jul 2026

The Centre has urged Global Capability Centres (GCCs) to strengthen investments in skilling, capability development and innovation as artificial intelligence (AI) reshapes business models and workplace requirements. Speaking at the CII GCC Summit in New Delhi in the past week, Chief Economic Adviser (CEA) V. Anantha Nageswaran said the government has introduced policy measures to support the sector, including a simplified transfer pricing safe harbour regime and a framework to encourage GCC expansion into tier-II and tier-III cities. He cautioned that AI is likely to replace routine, repetitive and rule-based tasks, making it essential for businesses to move beyond low-cost execution towards higher-value capabilities. He added that India's long-term competitiveness would depend on continuous innovation, skilled talent and stronger government-industry collaboration.Read more

13 Jul 2026

• WSB Partners has invested INR 75 crore in Sowparnika Projects, reinforcing its strategic partnership with the Bengaluru-based real estate developer.
• The fresh capital will be utilised to support the company's ongoing and upcoming residential projects, strengthen execution capabilities, and fund land acquisitions across key southern Indian markets.
• The investment reflects growing institutional confidence in Sowparnika's affordable and mid-income housing portfolio, as well as the sustained demand for residential real estate in Karnataka, Kerala and Tamil Nadu.
• The funding also highlights the increasing role of alternative investment firms in financing Indian real estate developers, enabling them to expand their project pipeline while reducing reliance on conventional funding sources.Read more

13 Jul 2026

The Gujarat government has launched the Viksit Gujarat Data Centre Policy 2026-29, aiming to establish the state as India's leading destination for data centres, artificial intelligence and digital infrastructure. Announced in the past week, the policy targets 7.5 GW of data centre capacity and has already attracted interest from 14 hyperscale investors, with the state expecting investments exceeding INR 6 lakh crore in the first phase. Dholera has been identified as the principal development hub, with plans for a large-scale data centre cluster supported by fiscal incentives, infrastructure support and sustainability requirements. The policy mandates that at least 51% of operational electricity must be sourced from renewable energy and requires captive desalination for water supply. Eligible projects will receive capital, interest and power tariff subsidies alongside exemptions on stamp duty, electricity duty and other state levies.Read more