19 Mar 2026

A dispute between Amrutanjan Health Care Limited and the Hindu Religious and Charitable Endowments (HR&CE) department has reached the Madras High Court over alleged dues of around INR 97.4 crore linked to temple land in Chennai's Mylapore. Authorities stated that the company continued to occupy the Kapaleeswarar Temple-owned property even after lease expiry and paid rent far below market levels. The company has challenged eviction orders and revised rent demands. The case highlights ongoing issues around old temple land leases and rent revisions in high-value urban areas.Read more

19 Mar 2026

Project Chittoor in Andhra Pradesh is being developed as a 600-acre integrated rural initiative aimed at increasing farmers income and creating stable livelihoods. The project seeks to raise annual earnings from around INR 30,000 per acre to over INR 1 lakh per acre by combining agriculture with solar power, livestock, and allied activities. Backed by a private developer, it is expected to benefit more than 250 families. The model also focuses on sustainability, groundwater improvement, and diversified income streams, and is being positioned for expansion across larger land parcels.Read more

19 Mar 2026

Cargo Matters has announced a major investment of INR 66 crore to establish over 550 smart, solar-integrated EV charging stations across Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Kerala. Partnering with TRYK Charge Services LLP, the network will feature 360 kW DC fast chargers and standard AC options, aiming to address infrastructure gaps in commercial logistics and passenger transport. The stations will be managed via a unified Charge Point Operator platform, integrating existing third-party chargers and introducing an RFID-based charging card to simplify access, enhancing both operational efficiency and user experience.Read more

18 Mar 2026

WeWork India Management Ltd has taken a step to expand its presence in Bengaluru by entering into a new lease agreement for additional workspace capacity. The company plans to add around 2,327 desks under this development, with an estimated investment of about INR 320 million. This move reflects steady demand for flexible office spaces in key commercial markets, especially in Bengaluru, which remains one of India's largest office hubs. The expansion also aligns with the company's ongoing strategy to strengthen its footprint in high-demand micro-markets.Read more

18 Mar 2026

Over the past 11 financial years, banks in India have written off loans totaling nearly INR 9.75 lakh crore, with the highest write-off recorded in FY20 at INR 1.59 lakh crore. The figures have gradually decreased, reaching INR 47,568 crore in FY25. While these write-offs follow RBI guidelines and bank board approvals, they do not absolve borrowers of their liabilities. Recovery efforts continue on these accounts through multiple legal and recovery mechanisms, and banks remain active in pursuing repayment from borrowers despite the write-offs.Read more

18 Mar 2026

Union Bank of India has received board approval to raise INR 20,000 crore through the issuance of long-term infrastructure bonds. The fund-raising initiative aims to support infrastructure development and affordable housing projects. Of this, the bank may target INR 7,500 crore through bonds with a 10-year tenor before the end of the current financial year. Additionally, the board approved the launch of green or sustainable bonds up to INR 5,000 crore. This move reflects the bank's focus on sustainable growth and development funding in key sectors.Read more

18 Mar 2026

Tripura's Finance Minister, Pranajit Singha Roy, presented a tax-free budget of INR 34,212.31 crore for FY 2026-27, marking a 5.52% increase over last year. The budget anticipates a deficit of INR 240.72 crore while prioritising capital expenditure, projected at INR 8,945.92 crore, to boost infrastructure and employment. Key initiatives include digital transformation, rural development, and the establishment of a technical university, medical university, and women's university. Around INR 15,000 crore has been earmarked for tribal welfare, reflecting an inclusive approach despite resource constraints.Read more

18 Mar 2026

Ezeefit Office Systems, part of Ezeefit Modular Furniture Pvt. Ltd., has introduced a dedicated e-commerce vertical, Modular Furniture Store, offering factory-direct modular office furniture across India. Designed for the modern hybrid workforce, the platform provides reconfigurable workstations, privacy booths, and storage systems that can be quickly assembled without on-site carpentry. Featuring ergonomic design, integrated power modules, and advanced cable management, the store emphasizes efficiency and flexibility. The initiative combines Ezeefit's manufacturing expertise with AI-driven digital tools, enabling businesses to plan, customize, and set up professional offices in hours rather than months.Read more

18 Mar 2026

PNB Housing Finance has joined hands with India Mortgage Guarantee Corporation (IMGC) to enhance access to home loans for the affordable housing sector. Through this collaboration, PNB Housing will provide loans backed by IMGC's mortgage guarantee solutions, supported by a First Loss Default Guarantee structure. The move aims to help first-time and deserving homebuyers who may not qualify for traditional financing. IMGC has previously facilitated mortgage guarantees for over INR 44,000 crore, assisting more than 1,70,000 households across India. The partnership strengthens risk-sharing measures while promoting responsible housing finance.Read more

Mumbai News Desk

18 Mar 2026

The Mumbai Metropolitan Region Development Authority's attempt to lease a prime commercial plot in the Wadala Notified Area did not receive any bids despite strong development potential. The 10,860 sq m land parcel was offered on an 80-year lease with a reserve price of INR 1,629 crore and a permissible FSI of 10, allowing large-scale commercial development. The authority had extended the submission deadline twice to encourage participation, but the tender closed without response. The plot forms part of the broader plan to develop Wadala as a future commercial district similar to Bandra-Kurla Complex.Read more