19 Feb 2026

CleanMax Enviro Energy Solutions, a leading commercial and industrial renewable energy provider, has announced a Rs 3,100-crore initial public offering (IPO), with a price band of INR 1,000-1,053 per share, valuing the company at INR 12,325 crore at the upper end. The IPO includes a fresh issue of INR 1,200 crore and an offer-for-sale of INR 1,900 crore by promoters and early investors. CleanMax serves clients in multiple sectors, operates over 2.5 GW of capacity, and reported a net profit of INR 27.84 crore in FY25.Read more

19 Feb 2026

UPSIDA has launched a comprehensive e-auction for commercial and industrial plots in multiple districts of Uttar Pradesh to accelerate industrialisation and investment. The auction includes plots for offices, BPOs, schools, hospitals, workshops, hotels, warehousing, group housing, and multipurpose facilities across districts like Mathura, Amethi, Lucknow, Jhansi, and Fatehpur. The online auction process is fully transparent, with registration and document submission already underway, and e-bidding scheduled in the coming week. This initiative is positioned to provide a structured, investor-friendly opportunity to expand industrial and commercial development in the state.Read more

19 Feb 2026

The Union Cabinet has approved a INR 1 lakh crore Urban Challenge Fund to support urban infrastructure projects through a reform-linked and market-based financing approach. The fund will provide up to 25% central support for projects that raise at least 50% of their cost from market sources, with the aim of unlocking nearly INR 4 lakh crore in overall investment over five years. A separate INR 5,000 crore credit guarantee has also been cleared to help smaller cities access loans and bonds for development works.Read more

18 Feb 2026

The Varanasi Development Authority (VDA) has approved the development of 474 new residential layouts across the city, officials said on Tuesday, as part of efforts to increase regulated housing supply. The sanctioned layouts will be developed across multiple zones, with planning permissions granted subject to prevailing norms. However, the move has drawn concerns from homebuyer groups and local activists over the delay in issuance of completion certificates (C.C.) for earlier projects, which has left many buyers waiting for possession despite finishing construction. VDA authorities have stated that pending C.C. issues are being addressed through coordination with relevant departments, while new layout approvals will follow strict compliance checks. The development comes amid sustained demand for formal housing options in Varanasi, driven by urbanisation and local economic growth.Read more

Mumbai News Desk

18 Feb 2026

The Mumbai Metropolitan Region Development Authority has approved an outlay of INR 48,072.5 crore for 2026-27, with nearly 87 per cent of the budget committed to infrastructure development across the Mumbai Metropolitan Region. The plan reflects a clear shift towards transport-led growth, metro expansion and decentralised urban development. A key highlight is the allocation of INR 4,000 crore for the Mumbai 3.0 programme aimed at developing new growth centres. The budget also records the authority's first surplus in nearly ten years, indicating improved financial management.Read more

Gurugram News Desk

18 Feb 2026

WeWork India has expanded its presence in the National Capital Region with a new lease of approximately 90,000 sq ft of office space in Gurugram, signalling continued demand for flexible workspace solutions from corporate occupiers. The company has taken contiguous floors in a Grade-A commercial building in a key Gurugram office node, reinforcing its strategy to cater to evolving workspace preferences among start-ups, small and medium enterprises and large enterprises seeking flexible lease terms. The new space is expected to be operational in the coming months and will feature modern workplace amenities aligned with hybrid working trends. Market participants said the expansion reflects resilience in the flexible office segment, which continues to attract tenants amid broader office market dynamics in the NCR.Read more

18 Feb 2026

The Gujarat government has appointed veteran banker Uday Kotak as the chairman of GIFT City, replacing Hasmukh Adhia, who held the position since mid-2023. The move is aimed at strengthening leadership at India's only operational International Financial Services Centre. Kotak brings decades of experience in banking and financial markets and is the founder of Kotak Mahindra Bank. His appointment comes as the central government has extended tax incentives for GIFT City entities to improve global competitiveness.Read more

18 Feb 2026

Prime Minister Narendra Modi said the Union Budget and recent global trade agreements have created a strong foundation for India's long-term development goals. He highlighted improved investor confidence, expanded free trade agreements with 38 countries, and a shift towards productive capital spending. Emphasising structural reforms, innovation, and simpler governance, he urged the private sector to invest more actively in research and technology. Modi also pointed to defence preparedness and digital infrastructure as key priorities, ahead of the Global AI Impact Summit in New Delhi.Read more

18 Feb 2026

The Chandigarh Municipal Corporation has initiated an e-auction process to lease more than 100 commercial properties across key locations in the city as part of efforts to unlock revenue, optimise utilisation of public assets and promote business activity. The properties being offered include booths in the Sector 17 commercial precinct, kiosks in the Mauli Jagran market, shops in underpass areas between Sectors 17 and 22, nurseries at multiple sites, and the Smart City office building in Sector 17, with reserve rents set according to location and built-in amenities. Prices vary widely from lower-value booths to high-rent potential for the Smart City office block and several booths have had base rents adjusted after limited bidder interest. The e-auction drive is expected to conclude over the next week to 10 days as remaining sites are listed and bids close.Read more

17 Feb 2026

Realty firm Ashiana Housing Ltd reported a sharp rise in profitability during the third quarter of FY2025-26, with net profit increasing fivefold to INR 56.65 crore on the back of significantly higher income. The company had posted a net profit of INR 10.89 crore in the corresponding quarter last year. Total income during the October-December period rose to INR 373.35 crore from INR 139.93 crore a year earlier, reflecting strong revenue recognition during the quarter. For the first nine months of the fiscal, the company posted a net profit of INR 96.91 crore, compared to a net loss in the year-ago period. However, sales bookings declined both in the third quarter and in the April-December period, indicating moderation in fresh demand despite improved financial performance.Read more