07 Apr 2026

The Reserve Bank of India has approved Dubai-based Emirates NBD Bank to acquire up to a 74 per cent stake in RBL Bank, marking a key step towards the lender becoming a foreign-owned entity. The approval, valid for one year, follows the investor's earlier proposal to acquire a majority stake valued at INR 26,853 crore. The deal is subject to multiple regulatory clearances and compliance requirements, including government approval for foreign investment beyond 49 per cent and adherence to banking and securities regulations.Read more

07 Apr 2026

Haryana recorded the highest growth in State GST collections among all states in FY26, registering a 22 per cent increase compared to the national average of 6 per cent. The state's SGST revenue rose to INR 48,289 crore, supported by improved tax administration and higher economic activity. Haryana also moved up in national rankings from ninth to sixth position. The number of GST taxpayers increased by 12 per cent, reflecting a broader tax base. Reforms introduced by the GST Council and state-level initiatives have played a key role in sustaining this growth momentum.Read more

07 Apr 2026

Service Properties Trust has completed an underwritten public offering of its securities, along with the full exercise of the underwriters option to purchase additional units. The move reflects continued capital-raising activity by real estate investment trusts to support liquidity and portfolio management. While specific financial details were not disclosed in the brief update, such offerings are typically used to reduce debt, fund acquisitions, or strengthen balance sheets. The development comes at a time when REITs are actively managing capital amid evolving market conditions and interest rate pressures.Read more

07 Apr 2026

India's REIT market is witnessing strong growth, with rising investor participation and improved returns, according to an ANAROCK report. REITs have delivered around 9% price returns over five years, with steady yields of 5-6%, supported by high occupancy levels above 90% and strong leasing activity. Regulatory reforms, including the introduction of SM REITs, have expanded access for retail investors and enabled fractional ownership. With only a third of REIT-ready assets currently listed, the sector shows significant growth potential across office, logistics and emerging asset classes, reinforcing its role as a stable and income-generating real estate investment option in India.Read more

06 Apr 2026

The Ministries of Road Transport and Highways and Railways have achieved full utilisation of their FY26 capital expenditure, highlighting strong infrastructure spending and project execution in India. This reflects the government's focus on improving connectivity, logistics and economic growth through sustained investment. Indian Railways recorded high passenger and freight volumes, along with increased passenger revenue, while continuing capacity expansion through special train operations. On the roads front, highway development and network expansion remained a priority. The milestone indicates steady progress in large-scale infrastructure projects, supporting job creation, regional connectivity and overall economic development across the country.Read more

06 Apr 2026

India Infrastructure Finance Company Ltd plans to increase its investment in Infrastructure Investment Trusts (InvITs) to INR 6,000 crore by FY27, doubling its current exposure of around INR 3,000 crore across nine InvITs. The move supports its strategy to diversify infrastructure financing and expand into market-linked instruments. InvITs are gaining traction as a stable investment option for operational assets in sectors like transport, urban infrastructure and clean energy. Backed by strong financial performance, healthy asset quality and a robust project pipeline, the institution aims to strengthen its role in India's infrastructure growth while balancing risk, returns and sector exposure through a diversified portfolio.Read more

06 Apr 2026

The Lucknow Development Authority has started a city-wide door-to-door verification drive to update records of residential and commercial properties under its schemes. The initiative aims to fix outdated or missing documentation, reduce fraud and improve property record management. Survey teams will collect ownership details, ID proofs and contact information to align official data with actual occupancy. This move supports the digitisation of property records, making processes like ownership verification, transfers and grievance handling more efficient. The exercise also reflects a broader push to improve transparency, strengthen governance and minimise disputes in Lucknow's real estate market.Read more

06 Apr 2026

Navi Mumbai Municipal Corporation has recorded its highest-ever annual water tax collection of INR 112 crore in FY26, reflecting improved revenue mobilisation and citizen compliance. The achievement, covering the period from April 2025 to March 2026, has been attributed to structured recovery drives, increased use of digital payment systems and sustained outreach initiatives. Civic authorities highlighted the role of technology-enabled billing, extended payment facilities and targeted follow-ups in boosting collections. The milestone marks a significant improvement in municipal revenue performance, with officials emphasising transparency and ease of payment as key drivers behind the increase in collections.Read more

06 Apr 2026

Sobha Ltd has reported an 11% year-on-year increase in quarterly sales bookings to INR 2,039.3 crore in Q4 FY26, supported by steady demand across residential projects. For the full financial year, the developer achieved its highest-ever pre-sales of INR 8,135.9 crore, marking significant growth over the previous year. Bengaluru remained the largest contributor, accounting for 55% of total sales, followed by Delhi-NCR and Kerala. The company also recorded substantial project launches and completions during the year, reflecting sustained momentum in the housing sector despite global uncertainties affecting broader economic conditions.Read more

Bangalore News Desk

06 Apr 2026

BHIVE Workspace has leased approximately 1.4 lakh sq ft of office space at Phoenix Asia Towers in Hebbal, marking its entry into north Bengaluru's commercial real estate market. The facility, with a seating capacity of over 2,600 professionals, will offer a mix of co-working, managed offices, and enterprise suites. The transaction is part of the company's broader expansion strategy, which includes adding nearly 1 million sq ft of capacity in 2026 with an investment of around INR 250-300 crore. The deal also represents BHIVE's first collaboration with The Phoenix Mills Limited and reflects growing demand for large-format flexible workspaces in emerging business districts of Bengaluru.Read more