07 Apr 2026

Bank of Maharashtra reported strong growth across key financial parameters in the fourth quarter of FY26. The bank's total credit rose 22 per cent year-on-year to INR 2.92 lakh crore, supported by steady expansion in corporate and retail, agriculture, and MSME (RAM) segments. Deposits increased 14 per cent to INR 3.50 lakh crore, while total business grew 18 per cent to INR 6.42 lakh crore. The CASA ratio also improved, indicating a higher share of low-cost deposits, which supports better margins and operational efficiency.Read more

07 Apr 2026

The Rajkot Municipal Corporation narrowly missed its property tax collection target for FY 2025-26, collecting INR 447.93 crore against a target of INR 455.8 crore. Despite the shortfall, collections grew by 8.44 per cent compared to the previous year, supported by better recovery efforts and increased digital payments. However, tax compliance remained a concern, with nearly one-fourth of property owners not clearing dues. The civic body also continued enforcement actions, including property sealing, to improve recovery levels.Read more

07 Apr 2026

Uttar Pradesh is looking to strengthen its economic ties with Singapore following a recent high-level meeting between Chief Minister Yogi Adityanath and Singapore's High Commissioner to India. The discussion focused on boosting investments, improving skill development, and expanding cooperation in infrastructure and cultural sectors. Singapore has shown growing confidence in the state's business environment, with companies planning expansion and a new delegation expected to visit soon. The state government is also preparing an investment roadmap for key regions to ensure balanced growth and attract global investors.Read more

07 Apr 2026

The Vijayawada Municipal Corporation (VMC) has reported total tax collections of about INR 267 crore for FY26, slightly exceeding its target of around INR 265 crore. The improvement came after slow collections in the initial months, which pushed the civic body to intensify recovery efforts. Measures such as strict action against defaulters, disconnection of services, and focused collection drives helped bridge the gap. Increased field monitoring and notices also supported the process. The outcome reflects better compliance and highlights the importance of sustained efforts in strengthening municipal revenues.Read more

07 Apr 2026

The Reserve Bank of India has approved Dubai-based Emirates NBD Bank to acquire up to a 74 per cent stake in RBL Bank, marking a key step towards the lender becoming a foreign-owned entity. The approval, valid for one year, follows the investor's earlier proposal to acquire a majority stake valued at INR 26,853 crore. The deal is subject to multiple regulatory clearances and compliance requirements, including government approval for foreign investment beyond 49 per cent and adherence to banking and securities regulations.Read more

07 Apr 2026

Haryana recorded the highest growth in State GST collections among all states in FY26, registering a 22 per cent increase compared to the national average of 6 per cent. The state's SGST revenue rose to INR 48,289 crore, supported by improved tax administration and higher economic activity. Haryana also moved up in national rankings from ninth to sixth position. The number of GST taxpayers increased by 12 per cent, reflecting a broader tax base. Reforms introduced by the GST Council and state-level initiatives have played a key role in sustaining this growth momentum.Read more

07 Apr 2026

Service Properties Trust has completed an underwritten public offering of its securities, along with the full exercise of the underwriters option to purchase additional units. The move reflects continued capital-raising activity by real estate investment trusts to support liquidity and portfolio management. While specific financial details were not disclosed in the brief update, such offerings are typically used to reduce debt, fund acquisitions, or strengthen balance sheets. The development comes at a time when REITs are actively managing capital amid evolving market conditions and interest rate pressures.Read more

07 Apr 2026

India's REIT market is witnessing strong growth, with rising investor participation and improved returns, according to an ANAROCK report. REITs have delivered around 9% price returns over five years, with steady yields of 5-6%, supported by high occupancy levels above 90% and strong leasing activity. Regulatory reforms, including the introduction of SM REITs, have expanded access for retail investors and enabled fractional ownership. With only a third of REIT-ready assets currently listed, the sector shows significant growth potential across office, logistics and emerging asset classes, reinforcing its role as a stable and income-generating real estate investment option in India.Read more

06 Apr 2026

The Ministries of Road Transport and Highways and Railways have achieved full utilisation of their FY26 capital expenditure, highlighting strong infrastructure spending and project execution in India. This reflects the government's focus on improving connectivity, logistics and economic growth through sustained investment. Indian Railways recorded high passenger and freight volumes, along with increased passenger revenue, while continuing capacity expansion through special train operations. On the roads front, highway development and network expansion remained a priority. The milestone indicates steady progress in large-scale infrastructure projects, supporting job creation, regional connectivity and overall economic development across the country.Read more

06 Apr 2026

India Infrastructure Finance Company Ltd plans to increase its investment in Infrastructure Investment Trusts (InvITs) to INR 6,000 crore by FY27, doubling its current exposure of around INR 3,000 crore across nine InvITs. The move supports its strategy to diversify infrastructure financing and expand into market-linked instruments. InvITs are gaining traction as a stable investment option for operational assets in sectors like transport, urban infrastructure and clean energy. Backed by strong financial performance, healthy asset quality and a robust project pipeline, the institution aims to strengthen its role in India's infrastructure growth while balancing risk, returns and sector exposure through a diversified portfolio.Read more