31 Mar 2026

ACS Technologies Ltd has won a contract worth INR 1.56 crore from Hindustan Aeronautics Limited (HAL) to deliver six rack integrated data centres, scheduled for completion by September 2026. The order is expected to enhance the company's revenue and strengthen its position in defence linked IT infrastructure. ACS has shown consistent financial growth, with revenue rising from INR 69 crore in FY23 to INR 127 crore in FY25 and net profits improving steadily. The deal highlights ACS's expanding presence in critical data centre solutions and public sector IT infrastructure.Read more

31 Mar 2026

Housing sales across India's top seven cities saw a 9 per cent annual rise, crossing 1.01 lakh units during the January-March quarter, supported by a low base from last year. However, on a sequential basis, sales declined 7 per cent due to global economic concerns linked to the West Asia conflict. The total value of sales also increased 6 per cent year-on-year to around INR 1.51 lakh crore but dropped compared to the previous quarter. Rising input costs and cautious investor sentiment, especially from overseas buyers, impacted overall momentum during the latter part of the quarter.Read more

31 Mar 2026

Housing sales in Delhi-NCR declined 17 per cent quarter-on-quarter to 15,985 units in the January-March period, according to data from Anarock, reflecting subdued buyer sentiment linked to global geopolitical tensions in West Asia. However, sales rose 44 per cent year-on-year due to a low base. Across India's top seven cities, sales increased 9 per cent annually to 1,01,675 units, while declining 7 per cent sequentially. In value terms, sales reached INR 1.51 lakh crore, up 6 per cent year-on-year but lower than the previous quarter. The data indicates a short-term moderation in demand despite continued strength in underlying residential market fundamentals.Read more

Chennai News Desk

31 Mar 2026

The Chennai Port Authority has approved an Initial Public Offering (IPO) for its wholly owned subsidiary, Kamarajar Port Ltd, marking the first instance of a state-owned port in India entering public markets. The board also approved issuing bonus shares from Kamarajar Port's reserves of about INR 3,000 crore to protect the authority's interest. Funds from the IPO will be used to repay an outstanding INR 843 crore SBI loan and address a pension deficit of INR 2,582 crore. Earlier approvals from the Ministry of Ports and Kamarajar Port's board have paved the way for the listing.Read more

31 Mar 2026

The Telangana government has initiated a reallocation strategy to address more than 12,000 unoccupied double-bedroom housing units across Hyderabad and adjoining districts, following concerns over low occupancy despite high demand for affordable housing. Originally sanctioned under a previous administration, around 92,000 units were approved within Greater Hyderabad Municipal Corporation limits, of which 61,000 have been completed. While 23,500 houses were allotted before the 2023 elections, a significant share remains vacant due to location-related challenges. Beneficiaries have been issued notices to occupy homes within a revised deadline, failing which units will be reassigned to eligible applicants residing within a 5 km radius. The move aims to improve utilisation of public housing assets and refine future project planning.Read more

31 Mar 2026

L&T Technology Services (LTTS) has agreed to sell its Smart World and Communication (SWC) business to AMI Paradigm Solutions for INR 452 crore in a slump sale. The divestment is part of LTTS's strategic five year plan to focus on AI driven digital engineering and Engineering Intelligence services. The SWC unit, which generated over INR 1,000 crore in revenue last fiscal, provides smart infrastructure and technology solutions in India and abroad. The deal, expected to close by late September, will allow LTTS to reallocate resources to higher-growth technology segments while enabling AMI Paradigm to expand its AI capabilities.Read more

Ghaziabad News Desk

31 Mar 2026

Residents in Ghaziabad are facing uncertainty over property tax payments as conflicting statements from the mayor's office and municipal officials have created confusion over applicable rates and penalties. While the mayor has indicated that a previously proposed tax hike may be rolled back, the Ghaziabad Municipal Corporation maintains that no formal change has been implemented. With the financial year nearing closure, property owners are unsure whether to pay under revised or earlier rates, particularly as a 12% penalty on unpaid dues is expected to apply after the deadline. The issue follows a recent court ruling upholding the revised tax structure, leaving the state government to take a final decision. The lack of clarity has raised concerns over compliance and potential financial liability for residents.Read more

30 Mar 2026

Sula Vineyards has entered into an agreement to acquire the Nashik-based wine estate of Moët Hennessy India, which operates the Chandon brand, in an asset deal valued at INR 20 crore. The acquisition includes a 19-acre property with a fully operational winery and hospitality infrastructure. The move will strengthen Sula's production capacity and expand its wine tourism presence in Nashik. Following the deal, Chandon will exit domestic wine production. The transaction is expected to be completed in the first quarter of FY27, subject to approvals.Read more

Pune News Desk

30 Mar 2026

The Pune Municipal Corporation has proposed a 50% property tax concession for residential properties owned by women, limited to units measuring up to 500 sq ft, as part of its budget provisions for the upcoming financial year. The move, approved by the standing committee, stops short of a broader tax waiver that had been anticipated for small properties. The civic body continues to rely on property tax as a primary revenue source, with collections projected to remain a key contributor to municipal finances. The measure is intended to provide targeted relief while maintaining revenue stability, although it has drawn criticism from citizen groups seeking wider tax exemptions. The proposal forms part of a broader fiscal strategy focused on tax-based income streams and compliance measures.Read more

30 Mar 2026

The Kolkata Metropolitan Area (KMA) recorded 4,974 residential property registrations in February, marking a 63 per cent increase over the previous month, according to data from Knight Frank India. The growth reflects a rebound from a low base in January, while registrations remained marginally lower by 1 per cent year-on-year. Mid-sized apartments between 501 and 1,000 sq ft accounted for 58 per cent of total transactions, indicating a shift towards value-driven housing. North and South Kolkata together contributed around 75 per cent of activity, with Rajarhat, Dum Dum and Barasat emerging as leading micro-markets. The data covers both primary and secondary residential transactions.Read more