Bangalore News Desk

30 Jan 2026

Morgan Stanley Advantage Services has leased nearly 160,000 sq ft of Grade-A office space at Bengaluru's Ecoworld business park, with an annual rental obligation of around INR 23 crore. The five-year lease, effective earlier this year, includes a security deposit of INR 11.88 crore and a 15% rent escalation every three years. The office is expected to be operational by May. This expansion reflects Morgan Stanley's continued growth in India and sustained demand for premium office spaces from multinational financial services and technology firms in the Outer Ring Road corridor.Read more

30 Jan 2026

The Airports Authority of India has outlined a capital investment plan of INR 15,000 crore to modernise air traffic control automation, navigation systems, and technical infrastructure across its airport network by the end of 2028. The roadmap follows a detailed assessment of airport systems, including their age and remaining operational life. The investment will be funded entirely through internal accruals. AAI expects to report revenue of INR 22,000 crore in the current financial year, matching last year's figure, which included a one-time gain.Read more

Gurugram News Desk

30 Jan 2026

AIPL has acquired a 43-acre land parcel in Gurugram's Sector 103 on the Dwarka Expressway for INR 1,000 crore through the Debt Recovery Tribunal, allowing six banks to exit their exposure on the asset. The developer is also in talks to acquire an additional 20 acres, building toward a multi-phase integrated township. The first phase, AIPL Lake City, covering 5.14 acres, has a revenue potential of INR 1,500 crore, while the entire township is expected to generate over INR 20,000 crore. The project includes high-rise towers with premium pricing.Read more

29 Jan 2026

HDFC Capital Advisors Ltd has partnered with Curated Living Solutions to set up an INR 1,000 crore platform focused on institutional-grade rental housing in India. The platform will develop, own and operate professionally managed rental assets across major urban centres. CLS, backed by the DivyaSree Group, brings experience in co-living, student and worker housing, with over 13,000 beds under management. HDFC Capital said the partnership addresses rising demand from students, young professionals and migrant workers in India's growing urban rental market.Read more

29 Jan 2026

The Andhra Pradesh cabinet approved a government guarantee allowing APTIDCO to raise an INR 4,451 crore term loan from HUDCO to fund housing construction and infrastructure under Pradhan Mantri Awas Yojana (Urban). The move is aimed at completing over 2.6 lakh houses by mid-year and closing all pending PMAY projects by October. The cabinet also cleared decisions related to medical education upgrades, pension rules, land allocation, and power financing as part of a broader development agenda.Read more

29 Jan 2026

Axis Bank reported a 4 per cent growth in its December quarter net profit, supported by 14 per cent loan growth and a 5 per cent increase in net interest income. Retail loans grew moderately while small business lending surged, reflecting a recalibration of the loan book. Asset quality remained stable despite a rise in slippages, and gross NPAs improved. Other income rose, and the bank maintained disciplined expense management aided by technology investments. Capital adequacy stood healthy at 16.55 per cent, positioning the bank for steady, sustainable growth in the coming quarters.Read more

Lucknow News Desk

29 Jan 2026

The Lucknow Municipal Corporation (LMC) is set to propose a major increase in licence fees for hotels, restaurants, nursing homes, hospitals, pathology labs, liquor outlets and other commercial units, with some categories expected to see charges rise by up to five times under a draft fee structure slated for approval on 27 January and implementation from the 1st of April next fiscal. The proposal, framed under the Municipal Corporation bye-laws, 2003, was initially approved by the civic body in 2025 and refined after a public feedback period. Fees for nursing homes and hospitals are likely to double, while hotels and restaurants could face a five-fold increase. Penalties for late renewals are also proposed. Officials have said the revision aims to enhance compliance and regulatory oversight as fewer than half of the required establishments currently hold valid licences.Read more

29 Jan 2026

Village leaders from Delhi, representing the Delhi Panchayat Sangh and Palam 360 Village Khap, recently met the Municipal Corporation of Delhi (MCD) Standing Committee chairperson to request relief from house tax and other urban regulations. They submitted a memorandum seeking exemptions from house tax, conversion fees, parking charges, and other municipal levies, highlighting the financial burden these impose on rural residents. They also urged villages to be excluded from MCD building bye-laws and called for the de-sealing of long-blocked properties, emphasizing that such measures would support trust, development, and sustainable growth in Delhi's rural areas.Read more

Noida News Desk

28 Jan 2026

The Greater Noida Industrial Development Authority (GNIDA) has announced an e-auction for 90 ready-to-move flats in Sector Omicron-1A, offering an opportunity for aspiring homeowners to buy completed homes with immediate possession. The flats, all 2-bedroom units with a carpet area of about 83.38 sq m and a super area of 104.70 sq m, will be offered through an online auction on the 28th of January, with reserve prices set between INR 73.2 lakh and INR 74.35 lakh depending on the floor level. Interested buyers can register until mid-February, and payment can be made either upfront or in four instalments over two years. GNIDA has directed that vacant housing stock be utilised promptly to benefit residents and reduce reliance on rental accommodation.Read more

28 Jan 2026

IIFL Finance reported significant growth in its third-quarter performance, primarily driven by a sharp rise in gold loans. Home loan assets also showed steady gains, reflecting a gradual recovery in mortgages and loans against property. The company's focus on secured lending has stabilized cash flows, improved asset quality, and reduced earnings volatility. With declining NPAs, easing credit costs, and enhanced operational leverage, IIFL Finance expects consistent growth in the coming quarters. Bank partnerships and AI-driven workflows are further supporting efficiency and profitability improvements.Read more