30 Mar 2026

The Reserve Bank of India infused INR 65,322 crore into the banking system through a short-term variable rate repo auction to manage liquidity pressures. The move comes amid fluctuations caused by advance tax payments and GST outflows, which have impacted surplus liquidity levels. Despite a lower-than-notified infusion, the banking system remains in surplus. In recent days, the RBI has actively used VRR auctions to inject over INR 2.08 lakh crore, alongside durable liquidity support through open market operations since January 2026, reflecting its continued efforts to maintain stability in money markets.Read more

30 Mar 2026

A performance audit by the Comptroller and Auditor General of India has identified unwarranted expenditure of Rs 297.97 crore in road projects executed in Maharashtra under the Hybrid Annuity Model (HAM). The audit, presented in the Maharashtra Legislative Assembly, examined projects implemented between 2018-19 and 2022-23. It highlighted issues in detailed project reports, incorrect cost estimations, delays in payments, and weak monitoring mechanisms. The report also pointed to excess insurance-related costs, procedural lapses, and instances where works began without required clearances, while also noting improved connectivity on certain road stretches.Read more

Chennai News Desk

30 Mar 2026

Enterprise cloud applications company Workday has leased approximately 1.94 lakh sq ft of office space at Millenia Business Park in Perungudi, Chennai, to establish a global capability centre (GCC). The transaction, structured as a sublease with Cowrks and backed by Brookfield Properties, is among the larger single-occupier office commitments in the city in recent quarters. The lease is divided into two phases, combining managed workspace and conventional leasing formats, with varying rental structures. The development highlights sustained demand for Grade A office assets in Chennai, particularly from global technology firms, supported by favourable state policies and the city's growing prominence as a GCC hub.Read more

30 Mar 2026

Indore-based infrastructure company Laxyo Ltd has filed draft papers with Securities and Exchange Board of India to raise INR 150 crore through an IPO. The issue will be entirely fresh equity with no OFS component. A significant portion of the proceeds will go towards debt repayment, equipment purchase, and working capital needs. The company, which operates across multiple sectors including railway infrastructure and mining, has also entered the African market with a new project in Zambia, marking a key step in its global expansion strategy.Read more

Noida News Desk

30 Mar 2026

ASK Property Fund has exited its INR 650 crore investment in a Mahagun Group-led residential project in Noida, generating a 21% internal rate of return and a 2.1x investment multiple. The fund had deployed around INR 310 crore in 2021 to provide structured capital for the project, which has a saleable area of approximately 2.4 million sq ft. The exit also marks the closure of its INR 1,500 crore debt fund raised in 2018, which delivered an overall multiple of 1.83x. The transaction highlights continued investor interest in structured real estate financing and reflects improving liquidity conditions in select residential developments within the National Capital Region.Read more

30 Mar 2026

India's flexible office stock has crossed the 100 million sq ft milestone, reaching approximately 110-114 million sq ft over the past five years, according to a joint report by CBRE and FICCI. The segment has recorded a compound annual growth rate of 23-25%, with inventory nearly tripling since 2020. Bengaluru leads the market with 30-32 million sq ft, followed by Delhi-NCR and Pune. Demand is primarily driven by IT, technology, BFSI, and professional services firms, with global corporations accounting for a majority share of leasing. The growth reflects increasing enterprise adoption of flexible workspaces as part of long-term real estate strategies, particularly among global capability centres (GCCs).Read more

29 Mar 2026

CleanMax Enviro Energy Solutions is planning a capital expenditure of around INR 7,000 crore to expand its renewable energy capacity by 1,500 MW by FY27. The company is focusing on the commercial and industrial (C&I) segment, where demand for green power is rising steadily. With an existing capacity of about 2.8 GW and a strong pipeline, CleanMax aims to scale up its presence across key states. The expansion will include solar, wind and hybrid projects, along with increased inter-state supply capabilities to serve large corporate clients.Read more

29 Mar 2026

The central government has indicated that land acquisition for expanding India's strategic petroleum reserves is in an advanced stage, marking steady progress in boosting the country's energy security. The expansion aims to increase crude storage capacity and reduce risks from global supply disruptions. Work on planning, feasibility, and partnerships is moving alongside land-related processes. The move builds on existing reserves at key locations and reflects India's continued efforts to strengthen its buffer against oil price volatility and geopolitical uncertainties affecting fuel supply.Read more

29 Mar 2026

The Business Conclave of Bharat Tribes Fest 2026 has commenced in New Delhi, bringing together over 50 policymakers and 600 delegates to discuss strategies for strengthening market access for tribal producers. Organised by the Ministry of Tribal Affairs in association with TRIFED, the platform aims to integrate tribal artisans into formal value chains and improve income levels. The government has restructured the earlier Aadi Mahotsav into Bharat Tribes Fest to combine cultural promotion with commercial opportunities. Discussions during the ten-day conclave will focus on addressing challenges such as access to markets, capital, and technology, while developing frameworks to enhance tribal entrepreneurship and livelihood generation.Read more

29 Mar 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has signed a lease agreement with the Bharatiya Janata Party (BJP) to set up its state office in Amaravati. The land, measuring 1.43 acres in Venkatapalem village, has been allotted on a 33-year lease. The party is required to begin construction within three months and complete it within four years. The development is expected to support Amaravati's growth as an administrative centre. The move comes as part of ongoing efforts to strengthen institutional presence in the planned capital region.Read more