20 Feb 2026

Reliance Industries Chairman Mukesh Ambani has announced a massive INR 10 lakh crore investment in artificial intelligence over the next seven years at the India AI Impact Summit. The plan focuses on building gigawatt-scale AI-ready data centres in Jamnagar, Gujarat, powered by green energy, along with a nationwide edge-compute network integrated with Jio's telecom infrastructure. Reliance will also develop sovereign AI capacity within India to enhance data security. Through the Jio Intelligence platform, AI services will support sectors such as education, healthcare, agriculture and retail. Existing tools like JioShikshak, JioArogyAI and JioKrishi highlight the company's ambition to position India as a global AI and digital infrastructure leader.Read more

20 Feb 2026

L&T and NVIDIA are collaborating to create gigawatt-scale, sovereign AI infrastructure in India. The joint venture will combine L&T engineering and execution expertise with NVIDIA's AI platforms to support high-density, production-ready AI workloads for domestic and global users. The initiative aligns with the India AI Mission, enabling data, model, and workload development within India while remaining globally interoperable. Key projects include scaling GPU clusters at L&T Chennai campus to 30 MW and deploying a new 40 MW data centre in Mumbai, creating a foundation for large-scale, efficient, and sustainable AI deployment.Read more

Mumbai News Desk

20 Feb 2026

Mumbai's office real estate market recorded an 8 % year-on-year increase in prime rents during the fourth quarter of 2025, reinforcing its position among the world's most expensive office markets, according to a global real estate report. The rise was driven by strong demand for Grade-A space from multinational corporations, financial services firms and technology occupiers, particularly in micro-markets such as Bandra-Kurla Complex (BKC), Lower Parel and Nariman Point. Despite broader economic uncertainties, occupiers continued to prioritise premium locations, lifting overall rents. Vacancy rates narrowed slightly on sustained net absorption, while new supply remained controlled. Across major Indian cities, Mumbai led rental growth, outpacing peers such as Delhi NCR and Bengaluru. The report noted that Mumbai's robust office market fundamentals and limited availability of prime inventory were key factors supporting upward pressure on rents.Read more

20 Feb 2026

The Nashik Municipal Corporation has expanded its property tax recovery drive by issuing notices to 500 additional defaulters, each owing more than INR 1 lakh. With this, the total number of notices served in the ongoing phase has reached 950. The civic body is working to bridge a revenue gap of nearly INR 52 crore against its annual target of INR 270 crore. Officials said recovery efforts slowed earlier due to election-related duties but have now gained pace with stricter follow-ups and enforcement measures.Read more

20 Feb 2026

The Reserve Bank of India (RBI) has revised the External Commercial Borrowing (ECB) framework, replacing sector-based eligibility with a broader entity-based model that allows more resident non-individual entities to raise overseas funds. The updated norms explicitly permit ECB use for construction, township and integrated infrastructure projects under certain conditions, and allow funding for industrial parks and select agricultural activities. Developers must complete key infrastructure before plot sales. Resident individuals can also borrow in INR from non-resident Indian and Overseas Citizen of India relatives on a non-repatriation basis. These changes aim to ease financing and improve access to global capital.Read more

19 Feb 2026

India must scale up its artificial intelligence investment beyond the current USD 1.2 billion to stay competitive globally, according to a senior NVIDIA executive. While the Union Budget 2026-27 has introduced a 20-year tax holiday up to 2047 for foreign companies using Indian data centres, creating a strong base for AI infrastructure, the overall funding remains limited. With 1,800 global capability centres operating in India and employment set to rise, higher AI spending is seen as essential to support large-scale innovation and global deployment.Read more

19 Feb 2026

Yotta Data Services is set to build one of Asia's largest AI hubs, investing over USD 2 billion and using Nvidia's Blackwell Ultra chips. As part of a four-year, USD 1 billion partnership, Nvidia will deploy one of the region's largest DGX Cloud clusters within Yotta's infrastructure. The initiative reflects India's growing role in AI computing, supported by global cloud providers like Microsoft and Amazon. With operations expected by August, the hub will be located near New Delhi, supplemented by Yotta's Mumbai campus, strengthening India's AI capabilities amid global chip supply shifts.Read more

19 Feb 2026

Bihar's Chief Secretary Pratyaya Amrit recently chaired a meeting with the Asian Development Bank (ADB) to discuss investment proposals exceeding USD 1 billion for the state's multi-sector development. Officials from finance, education, agriculture, water resources, health, and urban development departments participated. The discussion focused on projects including a Buddhist tourism circuit, water and agriculture transformation, renewable energy expansion, urban infrastructure resilience, skill development, and health system improvements. The state government will examine these proposals in detail and develop an action plan to move forward with priority projects.Read more

19 Feb 2026

NHAI has accepted an INR 6,220.90 crore offer from National Highways Infra Trust for monetising two national highway stretches spanning over 310 kilometres in Maharashtra and Andhra Pradesh. The deal forms part of NHAI's broader asset monetisation strategy aimed at unlocking value from existing highways to fund new infrastructure projects. With this transaction, total assets monetised through NHIT have reached INR 49,858 crore, while overall monetisation during the current financial year stands at around INR 28,077 crore.Read more

19 Feb 2026

India's residential housing market in 2025 showed a clear shift towards higher-value homes, with premium properties priced above INR 1 crore making up about 50 % of total annual sales, according to a Knight Frank India report on the real estate sector. In contrast, sales of affordable homes defined as those priced under INR 50 lakh fell roughly 17 % year-on-year, reflecting weaker demand and limited new launches in the lower ticket categories. The overall market remained broadly stable in volume terms, but mid- and lower-tier segments recorded contraction, while higher-end homes recorded moderate growth. Analysts said the divergence points to structural realignment in buyer preferences and developer focus amid macroeconomic strength and affordability challenges in key cities. The trend was evident across major urban centres including the National Capital Region, Mumbai and Bengaluru.Read more