03 Apr 2026

Women's safety measures at Namo Bharat Regional Rapid Transit System (RRTS) stations have been strengthened through funding from the Nirbhaya Fund, with multiple initiatives implemented across operational corridors. The measures, introduced in the past week, include dedicated women help desks, enhanced surveillance systems, well-lit station premises, and deployment of trained security personnel. The initiative is being implemented by the National Capital Region Transport Corporation (NCRTC) as part of its broader passenger safety framework. The focus is on ensuring safe access, transit, and exit for women commuters across stations and trains. These interventions are aligned with national efforts to integrate gender-sensitive infrastructure into urban transport systems and improve safety standards in high-capacity transit networks.Read more

02 Apr 2026

Non-banking financial companies (NBFCs) remained the key drivers of activity in the commercial paper market during the past month, even as corporates reduced participation due to higher short-term borrowing costs and sufficient internal liquidity. A report by India Ratings and Research highlighted that NBFCs continued to rely on short-term instruments to meet year-end funding needs, leading to a sharp rise in issuances. In contrast, corporate borrowing declined notably. The report also noted stable trends in certificate of deposit issuances, indicating easing liquidity pressures and a more balanced outlook for bank funding in the coming months.Read more

02 Apr 2026

GST collections crossed INR 2 lakh crore in the last month of the financial year, marking one of the highest monthly figures. The rise was supported by both domestic consumption and a sharp increase in import-related tax collections. While tax rate cuts introduced earlier had initially softened revenues, collections have gradually recovered over recent months. Refund payouts also increased, indicating improved compliance and processing. Experts note that while consumption remains stable, future growth may face pressure from global economic factors and inflation trends.Read more

02 Apr 2026

The Himachal Pradesh Assembly has approved the state budget for 2026-27, allowing expenditure of INR 58,830.30 crore from the consolidated fund. The budget outlines a revenue deficit of INR 6,577 crore and a fiscal deficit of INR 9,698 crore, staying within the prescribed limits at 3.49 per cent of GSDP. A significant portion of funds will go towards committed liabilities, leaving limited room for development spending. In response to financial pressure and reduced central support, the state leadership has announced temporary salary cuts across key positions.Read more

02 Apr 2026

Gujarat's GIFT City has missed a key milestone after XED Executive Development withdrew its proposed USD 12 million IPO, which was expected to be the first listing from the IFSC platform. The company stepped back due to weak investor sentiment and cautious market conditions. The issue was structured as a dollar-denominated offering aimed at global investors and was to be listed on international exchanges at GIFT City. The development highlights current hesitation in capital markets and may delay similar IPO plans from companies looking to tap the IFSC route.Read more

Mumbai News Desk

02 Apr 2026

The Brihanmumbai Municipal Corporation has proposed setting up a special land acquisition cell to address delays in the Gargai dam project in Palghar. The move follows concerns over pending land acquisition and a cost increase of around 9 per cent. A temporary team of 10 revenue officials is planned to handle the remaining work in phases. While a major portion of the required land has been acquired, key parcels are still pending due to fragmentation. The project is expected to add around 440-450 MLD to Mumbai's water supply once completed.Read more

02 Apr 2026

The Comptroller and Auditor General (CAG) has raised concerns over the Telangana government's allotment of 48 acres in Hyderabad Pharma City to Amazon Data Services India Pvt Ltd for a data centre. The audit noted that the move deviates from the project's pharma-focused objective and could impact employment targets. It also highlighted issues such as fragmented land acquisition, delays in execution, and weak monitoring systems. The state government stated that the allotment was as per an existing framework and would not affect the overall goals of the project.Read more

01 Apr 2026

Cosmic PV Power Ltd has filed draft papers with the market regulator to raise INR 640 crore through an initial public offering. The issue includes a fresh equity component of INR 540 crore and an offer for sale of INR 100 crore by existing shareholders. The company plans to use the funds to set up a new manufacturing facility in Madhya Pradesh and for general corporate needs. Operating in solar module manufacturing, EPC services, and aluminium frame production, the company has seen strong revenue growth and is part of the government's approved supplier list for renewable energy projects.Read more

01 Apr 2026

Mindspace Business Parks REIT has acquired a 2.6 million sq ft commercial office asset in Chennai for INR 2,541 crore through the purchase of 100% stake in Sycamore Properties Pvt Ltd and Content Properties Pvt Ltd. The transaction, approved in the past week, includes 1.4 million sq ft of completed space and 1.2 million sq ft under construction, expected to be delivered by March next year. The acquisition is part of a right of first offer (ROFO) arrangement with sponsor K Raheja Corp and marks the fifth asset addition from its pipeline. The REIT also plans a preferential unit issue of up to INR 675 crore to fund the deal, subject to regulatory and unitholder approvals.Read more

01 Apr 2026

The government has proposed a revised property tax system for New Delhi Municipal Council (NDMC) areas under the Jan Vishwas Bill. The changes aim to simplify tax calculation, improve transparency, and reduce disputes. The framework introduces separate taxes for buildings and vacant land, a valuation committee for periodic revisions, and mandatory Property Identification Codes. It also proposes service charges on Union government properties at 75% of applicable tax. With limits on reassessment timelines and rationalised penalties, the move is expected to bring more clarity and consistency to property taxation in prime central Delhi areas.Read more