24 Mar 2026

alt.f coworking is set to expand its presence in Hyderabad with the launch of a 775-seat premium coworking centre at Meenakshi Tech Park in Gachibowli. Scheduled to open next month, the facility targets small and mid-sized businesses by offering fully serviced, move-in ready offices with no upfront setup costs. The company is also providing a limited-period incentive of 30 days rent-free occupancy for early bookings. Designed with a European-inspired aesthetic, the workspace will include private cabins for teams of 15-50 members, alongside shared amenities. The expansion aligns with growing demand for flexible, cost-efficient office solutions in key business districts.Read more

24 Mar 2026

The Himachal Pradesh Vidhan Sabha has approved a supplementary budget of INR 40,461.95 crore for 2025-26, with significant allocations towards infrastructure, power, disaster management, and public services. Of the total outlay, INR 36,374.61 crore has been earmarked for state schemes and INR 4,087.34 crore for centrally sponsored programmes. Key provisions include funding for road development, water supply, healthcare infrastructure, and urban projects such as shopping complexes and flyovers. Substantial allocations have also been made towards power sector restructuring, disaster relief, and transport subsidies. The budget reflects a focus on infrastructure expansion and addressing liabilities, alongside continued investment in social and development programmes across the state.Read more

Bangalore News Desk

24 Mar 2026

A set of residential developments in East Bengaluru—Ramky Fortuna in Whitefield, 2G Tula in Hoodi, and Sowparnika Whispering Petals in Hoskote—illustrate varying approaches to housing demand in the region. These projects cater to different buyer segments, offering a mix of ready-to-move-in and under-construction options with pricing ranging from around INR 40 lakh to over INR 1.8 crore. While Ramky Fortuna focuses on township-style living and scale, 2G Tula emphasises low-density community design and premium configurations, and Sowparnika Whispering Petals targets affordability with flexible payment structures. The developments reflect broader trends in East Bengaluru, where infrastructure growth, proximity to IT corridors, and evolving buyer preferences continue to shape residential demand and project positioning.Read more

24 Mar 2026

The government has approved a limited-period INR 20,000 crore Credit Guarantee Scheme for Microfinance Institutions (CGSMFI-2.0) to address funding challenges faced by the sector. The scheme, operational until end-June, will cover loans extended by banks and other lenders to microfinance institutions (MFIs) and NBFC-MFIs for onward lending to small borrowers. It introduces caps on interest rates, loan tenures, and exposure limits, while mandating allocation of funds across small and mid-sized MFIs. The move comes amid rising non-performing assets in the sector, which have constrained access to bank funding. Industry bodies have welcomed the initiative, stating it will improve liquidity and support credit flow to underserved segments.Read more

24 Mar 2026

Goldman Sachs and ICICI Prudential Mutual Fund have jointly acquired over 43.40 lakh shares of DLF Ltd through open market block deals, amounting to a combined investment of approximately INR 230.81 crore. Each entity purchased 21.70 lakh shares at an average price of INR 531.7 per share, representing a 0.17 per cent stake in the Gurugram-based developer. The shares were offloaded by Baillie Gifford & Co. through its affiliates and Best Investment Corporation, a subsidiary of China Investment Corporation. The transaction reflects continued institutional activity in listed real estate stocks, with DLF shares closing marginally lower on the Bombay Stock Exchange following the deal.Read more

24 Mar 2026

The Centre has invited bids to establish manufacturing facilities for sintered rare earth permanent magnets with a total capacity of 6,000 metric tonnes per annum under an INR 7,280 crore incentive scheme. Issued by the Ministry of Heavy Industries, the tender seeks proposals for integrated NdFeB magnet units through a two-stage bidding process. The scheme offers capital subsidies and sales-linked incentives, with capacity allocation ranging between 600 and 1,200 MTPA per unit. It also includes assured raw material supply for select bidders. The initiative aims to build a domestic value chain for critical components used in electric vehicles, renewable energy, and defence, while reducing dependence on imports, particularly from China.Read more

24 Mar 2026

Paranjape Schemes Construction Ltd plans to invest around INR 700 crore to develop four residential projects in Pune as part of its expansion strategy. The projects, located in Pune West, will collectively offer around 1,400 units across 1.75 million sq ft, with an estimated revenue potential of approximately INR 1,175 crore. The launches are aligned with the festive season, traditionally a key period for housing demand in India. The company is also progressing with three large integrated township developments. The expansion comes against the backdrop of a decline in Pune's housing sales volumes in the past year, reflecting changing market conditions in the residential segment.Read more

24 Mar 2026

Shubham Housing Development Finance has raised USD 96 million (approximately INR 870 crore) from investors including LeapFrog Investments and Creador to support its expansion in India's affordable housing finance segment. The transaction strengthens the lender's shareholder base while also enabling partial exits for early investors. The company, which focuses on underserved borrowers without formal income documentation, has witnessed strong growth, with assets under management reaching around INR 7,500 crore as of late last year. With operations spanning 200 branches across 12 states, the fresh capital will be used to deepen its reach among emerging middle-income households and first-time homebuyers.Read more

24 Mar 2026

Bank of Baroda has introduced a credit line facility on the Unified Payments Interface (UPI) platform for women self-help group members holding Pradhan Mantri Jan Dhan Yojana accounts, enabling overdraft access of INR 5,000 without branch visits. The facility allows direct merchant payments and has been rolled out in collaboration with institutions including NPCI and the Indian Banks Association. In parallel developments, Tata Consultancy Services has extended its technology partnership with Swissport for five years, while the Reserve Bank of India has approved the amalgamation of Lalbaug Co-operative Bank with Akhand Anand Co-operative Bank. The updates reflect ongoing digital banking expansion, consolidation in the co-operative banking sector, and continued enterprise technology partnerships.Read more

23 Mar 2026

Railway-focused EPC firm Trenzet Infra Ltd has filed draft papers with the Securities and Exchange Board of India to raise capital through an initial public offering. The issue comprises a fresh equity issuance of 1.05 crore shares and an offer for sale of 18 lakh shares by promoters. The proceeds will be deployed towards working capital needs, procurement of construction equipment, and general corporate purposes. The company, which specialises in railway and allied infrastructure projects, reported revenue of INR 333.41 crore and a profit of INR 26.95 crore in FY25, with a strong order book of around INR 1,600 crore.Read more