11 Feb 2026

The Andhra Pradesh government has waived stamp duty and registration fees exceeding INR 20 crore to support Bharat Petroleum Corporation Ltd's (BPCL) greenfield refinery and petrochemical complex near Ramayapatnam Port in Nellore district. The exemption covers the transfer of more than 600 acres from Andhra Pradesh Maritime Board to APIIC and then to BPCL. Under the state's Industrial Development Policy 4.0, BPCL is set to invest nearly INR 97,000 crore over several years. The project will receive multiple financial incentives, including capital subsidy and GST refunds, making it one of the state's largest industrial investments.Read more

11 Feb 2026

Knowledge Realty Trust has received bids worth INR 10 billion for bonds maturing in just over three years, offering a 7.5378% coupon. The bonds hold AAA ratings from Crisil and ICRA, and the issue includes a base allocation plus a greenshoe option. Other notable corporate bond deals included Cholamandalam Investment and Finance Company's 19-month AA+ rated bonds and Tata Capital's reissued AAA-rated 7.95% bonds. The trend indicates sustained investor interest in mid-term, highly rated corporate debt, reflecting confidence in stable returns and active participation in India's debt market.Read more

11 Feb 2026

IIFL Capital Services Ltd has received approval from SEBI to establish a wholly owned subsidiary at GIFT IFSC. The new entity will operate as a separate legal unit and carry out permitted financial and capital market activities, subject to further regulatory approvals where needed. The move is aimed at expanding the firm's international platform, facilitating cross-border investments and offering global investors access to Indian markets. IIFL Capital currently manages assets worth about USD 28 billion and has a presence across major global financial centres.Read more

11 Feb 2026

The Ahmedabad Municipal Corporation has approved the auction of six prime land parcels with a total base value of INR 528.38 crore across Motera, Chandkheda, Nava Vadaj, Bodakdev and Thaltej. The plots include both commercial and residential properties, with base prices aligned to prevailing market rates. The decision follows earlier land monetisation efforts by the civic body and is aimed at generating funds for municipal infrastructure and development works through a transparent auction process.Read more

11 Feb 2026

Adani Energy Solutions Ltd has secured long-term funding from a consortium of Japanese banks for its 950-km Bhadla Fatehpur HVDC transmission project, which will evacuate renewable energy from Rajasthan to the national grid. The 800 kV corridor, with a capacity of 6,000 MW, is scheduled for commissioning in 2029. Backed by MUFG and SMBC, and supported by Hitachi and BHEL for technology, the project highlights strong India Japan cooperation in green infrastructure and grid modernisation.Read more

11 Feb 2026

Singapore's largest bank, DBS Group, reported a 10% decline in fourth-quarter net profit, posting SGD 2.26 billion (USD 1.78 billion), below analysts estimate of SGD 2.55 billion. The drop was mainly due to weaker markets trading income and a fall in net interest margin to 1.93% from 2.15% a year earlier. Return on equity fell to 13.5%. Wealth management assets under management rose to a record SGD 488 billion. The bank maintained guidance for slightly lower profit in 2026 and declared higher dividends for shareholders.Read more

11 Feb 2026

Life Insurance Corporation of India (LIC) is reassessing its large real estate portfolio to improve rental income and overall returns. The insurer's properties, recently revalued at over INR 45,000 crore against a book value of around INR 16,000 crore, continue to generate modest yields of 3-4%. Instead of selling assets, LIC is focusing on better utilisation, including possible REIT-like structures. The strategy aligns with the insurer's stronger financial performance and its decision to defer entry into the health insurance segment for now.Read more

10 Feb 2026

The Reserve Bank of India has proposed allowing banks to lend to Real Estate Investment Trusts under defined prudential safeguards, marking a shift in its approach to real estate financing. The move follows a review of the regulatory framework for listed REITs and seeks to widen funding avenues for the sector. The RBI also plans to harmonise InvIT lending norms, deepen the corporate bond market through new derivatives, ease foreign exchange rules for authorised dealers, and remove the INR 2.5 lakh crore cap under the Voluntary Retention Route.Read more

10 Feb 2026

The Thane Municipal Corporation has collected INR 556.19 crore in property tax so far in the current financial year, missing its INR 841 crore target by over INR 280 crore. Ward-level data shows Majiwada Manpada as the highest contributor, followed by Vartak Nagar and Naupada Kopri. To address the gap, the civic body has stepped up recovery measures, including water supply disconnections for residential defaulters and attachment of non-residential properties, while also planning payment camps in housing societies to improve compliance.Read more

10 Feb 2026

Aditya Birla Housing Finance Ltd has strengthened its participation in the Government of India's Pradhan Mantri Awas Yojana Urban (PMAY-U) 2.0, focusing on improving access to housing finance for eligible first-time homebuyers across urban India. The company is offering PMAY-linked home loans with longer repayment tenures, higher loan-to-value ratios and simplified documentation aimed at economically weaker, low-income and middle-income households. The initiative aligns with the government's Housing for All objective and comes amid a broader push to expand formal housing finance penetration. With affordability remaining a key constraint for urban homeownership, the lender's approach highlights the role of housing finance companies in enabling demand-led growth within the affordable housing segment under the revised PMAY-U framework.Read more