26 May 2026

• Bengaluru West City Corporation has presented a INR 4,732 crore budget for FY2026-27 focused on transport infrastructure, civic amenities and urban development works.
• The budget proposes municipal bonds worth INR 200 crore, major road upgrades, pedestrian infrastructure, parking systems and transit-oriented development projects.
• Key allocations include stormwater drain works, ward road upgrades, sports infrastructure, healthcare projects and LED streetlight modernisation initiatives.Read more

25 May 2026

Sundaram Alternates Assets Limited has achieved the final close of its real estate credit fund at around INR 2,500 crore, including co-investment commitments. The fund has attracted domestic institutional investors, family offices and high-net-worth individuals, and will focus on structured credit financing for residential and mixed-use real estate projects across major Indian cities. The platform plans to target mid-income and affordable housing developments with emphasis on last-mile funding and project completion financing amid tightening conventional lending conditions for developers.Read more

25 May 2026

•MMRDA has secured investment commitments worth around USD 40 billion at the World Economic Forum in Davos for projects across the Mumbai Metropolitan Region.
•The proposed investments are expected to support infrastructure, logistics, residential, commercial and economic development initiatives under the Mumbai 3.0 framework.
•Officials stated that the investment proposals are aimed at accelerating regional growth, strengthening connectivity and expanding employment-linked urban infrastructure across MMR.
•Reports indicate that the new city model focuses on integrated infrastructure, decentralised growth and long-term economic development planning for the Mumbai Metropolitan Region.Read more

25 May 2026

The Reserve Bank of India infused INR 81,590 crore into the banking system through a three-day variable rate repo (VRR) auction to address tightening liquidity conditions. The funds were injected at a cut-off rate of 5.26 per cent. Although banks’ demand remained below the notified amount of INR 1 lakh crore, participation improved compared to the previous auction conducted this week. Banking system liquidity surplus also saw a sharp decline over the past few days, leading to higher overnight call money rates. Market participants expect the central bank to continue liquidity management measures if pressure on short-term rates persists.Read more

25 May 2026

Aditya Birla Capital plans to utilise INR 3,500 crore from its recently announced INR 4,000 crore preferential equity fundraise to strengthen and expand its lending operations. The remaining INR 500 crore will be used for general corporate purposes, including investments in subsidiaries. The capital infusion will largely come from promoter entities of the Aditya Birla Group and the International Finance Corporation. The company’s shareholders are expected to consider the proposal at an extraordinary general meeting scheduled for June 12, 2026. The fundraising comes as the company continues to scale up its lending and asset management businesses.Read more

25 May 2026

• Dalmia Bharat Ltd is set to acquire cement assets of Jaiprakash Associates Ltd (JAL) for more than INR 2,500 crore, as per sources.
• The deal includes 5.2 MTPA cement capacity and 3.3 MTPA clinker capacity from JAL.
• The transaction is part of the Adani Group-led restructuring of JAL after its acquisition under the Insolvency and Bankruptcy Code (IBC).
• The agreement is expected to settle earlier disputes, legal proceedings, arbitral issues and past framework arrangements related to the cement assets.
• The restructuring also involves broader asset integration of JAL across cement, power, logistics and infrastructure segments by Adani Group companies.Read more

25 May 2026

JSW Cement Ltd reported a sharp rise in consolidated net profit for the March quarter, supported by strong cement and GGBS sales growth. The company posted a profit of INR 361.65 crore compared to INR 16.21 crore in the year-ago period, while revenue from operations also increased. Sales volumes across cement and slag segments remained strong during both the quarter and FY26. Despite the quarterly growth, the company reported a higher annual net loss due to exceptional financial expenses. JSW Cement also approved a new capacity expansion project at its Nagaur plant in Rajasthan to strengthen its production footprint in North India.Read more

25 May 2026

• The Union Ministry of Road Transport and Highways has sanctioned over INR 11.6 crore for two underpass projects on NH-66 in Mangaluru.
• Around INR 7.1 crore has been approved for a light vehicular underpass at the accident-prone Baikampady Junction.
• Another INR 4.5 crore has been cleared for an underpass near KIOCL Junction and Kulur Bridge to improve traffic flow towards Tannirbhavi and MSEZ.
• The projects are aimed at reducing congestion, improving road safety and supporting industrial and port-related traffic movement in Dakshina Kannada.
• The approvals come after port-area roads in the region were transferred to NHAI to speed up infrastructure development works.Read more

25 May 2026

The Reserve Bank of India (RBI) has announced a three-day variable rate repo (VRR) auction worth INR 1 lakh crore to improve liquidity conditions in the banking system after surplus funds declined sharply in recent weeks. The move comes as GST-related outflows pushed overnight money market rates higher and reduced surplus liquidity levels. The central bank has already conducted multiple VRR auctions this month to ensure stable short-term funding conditions for banks. Despite these measures, recent auctions have seen muted participation from lenders, reflecting cautious liquidity management across the banking sector.Read more

24 May 2026

• ANAROCK Capital estimated that India’s real estate sector may require nearly INR 50 lakh crore capital by 2036.
• The report stated that affordable housing remains significantly underfunded despite rising urbanisation and housing demand.
• Residential real estate is expected to account for a major share of the projected capital requirement.
• The report highlighted the need for alternative funding, deeper debt markets and higher domestic and global investor participation.Read more