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

10 Feb 2026

Embassy Developments Ltd reported a sharp widening of its consolidated net loss for the December quarter, alongside a year-on-year decline in total income. The real estate developer said it posted a consolidated net loss of INR 233.71 crore during the quarter, compared with a loss of INR 26.54 crore in the corresponding period of the previous year. Total income also declined to INR 264.01 crore from INR 329.13 crore in the year-ago quarter, as per a regulatory filing made earlier this week. Formerly known as Indiabulls Real Estate Ltd, Embassy Developments operates across key residential and commercial markets in Bengaluru, the Mumbai Metropolitan Region, the National Capital Region, Chennai and Indore. The latest results reflect a weaker financial performance during the quarter under review.Read more

10 Feb 2026

Mahindra Group has announced a plan to invest INR 15,000 crore in Maharashtra over the next ten years, including a large integrated automobile and tractor manufacturing facility in Nagpur. The plant is expected to start production in 2028 and will be Mahindra's largest manufacturing unit in the country, with capacity exceeding 5 lakh vehicles and 1 lakh tractors annually. The group will also acquire land in the Igatpuri-Nashik region to expand product, engine and advanced technology operations, strengthening its long-standing manufacturing presence in the state.Read more

10 Feb 2026

The Pune Municipal Corporation has intensified efforts to recover long-pending property tax dues by targeting 58 major defaulters, mostly from the commercial real estate segment. After repeated notices failed, the civic body has begun sealing properties and initiating legal attachment, with provisions for online auctions if payments remain unpaid. Property tax arrears in Pune currently stand at nearly 5,500 crore, excluding disputed cases. While collections have improved this year, unpaid dues from a small group continue to strain revenues. The PMC has also adopted public naming measures to encourage compliance. Citizen representatives support strict recovery from defaulters, stressing that improved enforcement is preferable to increasing property tax rates.Read more

10 Feb 2026

Sundaram Home Finance has expanded its Emerging Business (EB) branch network to 100 with the opening of a new outlet in Avinashi, near Coimbatore, marking a key milestone in its growth strategy. The Chennai-headquartered housing finance company is targeting disbursements of INR 500 crore in the EB segment by the end of FY2025-26, having already crossed INR 400 crore in the first nine months of the financial year. The EB segment focuses on affordable housing loans and small-ticket working capital finance. While Tamil Nadu remains a strong base, the company has significantly accelerated expansion into Karnataka, Telangana and Andhra Pradesh over the past year. Management expects recent budgetary subsidies for affordable housing to support demand and drive further growth across smaller towns and emerging markets.Read more

09 Feb 2026

The Union government has earmarked INR 3,244 crore in the Union Budget for the much-anticipated Kolhapur Vaibhavwadi railway project, a key route aimed at strengthening connectivity between western Maharashtra and the Konkan region. The allocation represents half of the estimated overall project cost and will support land acquisition and early works once procedural formalities, including the conclusion of local elections, are complete. The new line is expected to stretch around 106 kilometres with multiple stations, requiring significant tunnelling and elevated structures to traverse the Sahyadri mountain ranges. Once completed, it will link Kolhapur on the Pune Kolhapur section with Vaibhavwadi on the Konkan Railway, enhancing freight and passenger movement between the hinterland and coastal corridors. The state government and rail authorities are expected to contribute the remaining funding share and expedite implementation.Read more