Category: Latest Stories

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IndustryLatest Stories

Signature Global reports ₹45.33 crore net loss in Q3 FY26

NEW DELHI: Signatureglobal (India) has reported a net consolidated loss after tax of ₹45.33 crore for the quarter ending December 31, 2025, compared to a profit after tax of ₹29.13 crore during the same quarter of the previous fiscal year, as noted in a filing with BSE. The company’s net consolidated total income for Q3 FY26 was ₹312.76 crore, reflecting a 63.72% decline from ₹862.14 crore in the corresponding quarter of the previous year. Pradeep Aggarwal, the founder and chairman, stated, “We have maintained steady performance during the first nine months of FY26. Although the real estate market has experienced…

IndustryLatest Stories

DLF Sells IT SEZ Land in Kolkata to Srijan for ₹670 Crore

Representative AI image NEW DELHI: DLF has signed definitive agreements to sell its IT/ITeS SEZ asset and an adjacent land parcel in Kolkata to Makalu Builders LLP and Gangapurna Projects LLP, subsidiaries of Srijan Realty, for a total of approximately ₹670 crore. As per a business transfer agreement (BTA) executed on February 3, 2026, DLF will transfer its IT/ITeS SEZ operations, including DLF TechPark II and around 8.15 acres of freehold land in Kolkata, to Makalu Builders LLP for ₹409.86 crore. The asset has a gross leasable area of about 10.54 lakh sq ft. Additionally, DLF has signed an agreement…

CommercialLatest Stories

India to Host 2,400 GCCs by 2030, Market to Reach $110B

NEW DELHI: According to a joint report by FICCI and Anarock, India is expected to have over 2,400 Global Capability Centers (GCCs) by 2030, employing more than 2.8 million professionals. As of the end of 2024, there were already over 1,700 GCCs employing around 1.9 million professionals. The GCC market size is forecasted to grow from USD 64 billion in 2024 to between USD 105 billion and USD 110 billion by 2030. Anuj Puri, chairman of Anarock Group, stated, “India’s GCC landscape has rapidly expanded, with the market size increasing from USD 30 billion in 2019 to approximately USD 64…

Housing FinanceLatest Stories

Advent to Invest ₹2,750 Crore for 14.3% Stake in Aditya Birla

MUMBAI: Advent International, a leading private equity firm, has announced its intention to invest ₹2,750 crore for a 14.3% stake in Aditya Birla Housing Finance (ABHF), as revealed by both companies on Tuesday. ABHF is a wholly-owned subsidiary of Aditya Birla Capital (ABC), which serves as the financial services arm of the diversified Aditya Birla Group. The investment will be made by Indriya, an Advent entity, through a primary share issuance, according to an official statement. The boards of ABC and ABHF have given their approval for the capital raise, with the transaction pending approval from shareholders, regulatory bodies, and…

Latest StoriesRegulatory

Delhi Court Summons M3M India Promoters in Cheating Case

NEW DELHI: A Delhi court has acknowledged a chargesheet submitted by the Economic Offences Wing (EOW) against M3M India Pvt Ltd and its promoters—Basant Bansal, Roop Bansal, and Pankaj Bansal—regarding an alleged land fraud case involving MGF Developments Ltd. Chief Judicial Magistrate Harshita Mishra stated that there are sufficient grounds to proceed against the accused under sections 406 (criminal breach of trust), 420 (cheating), 120B (criminal conspiracy), and 34 (common intention), summoning them to appear in court on April 4. “At the cognizance stage, this Court only needs to determine whether there are sufficient grounds for proceeding, not whether the…

CommercialLatest Stories

CapitaLand India Trust Secures ₹915 Cr from First Onshore Bond

NEW DELHI: CapitaLand India Trust (CLINT) has successfully raised ₹915 crore through its inaugural onshore bond issuance in India, as announced by CEO Gauri Shankar Nagabhushanam. This initiative aims to achieve a 3.8% increase in distribution per unit (DPU), which will help mitigate currency volatility and enhance tax efficiencies. Currently, only 16% of CLINT’s loan book is situated in India, with plans to expand this to 40-50%, equivalent to between S$800 million to S$1 billion, over the next two and a half to three years as existing offshore tenors mature. The company has signed a forward purchase agreement for a…

InfrastructureLatest Stories

140 Ahmedabad Construction Sites Under Air Pollution Watch

Representative Image AHMEDABAD: As part of preparations for the 2030 Commonwealth Games, the Ahmedabad Municipal Corporation (AMC) is intensifying its efforts to enhance air quality by focusing on reducing pollution from construction activities. To achieve this, AMC has introduced the Good Construction Practices Policy, which mandates that construction sites with a built-up area over 20,000 sq. m must install dust sensors, air quality display boards, and CCTV cameras. Currently, around 140 construction sites throughout the city are equipped with these air quality sensors, which are routinely monitored. Enforcement actions have been taken against non-compliant sites, resulting in penalties totaling Rs…

Latest StoriesRegulatory

Survey Nearby Buildings of Heritage Sites: Delhi HC

NEW DELHI: The Delhi High Court has instructed authorities to undertake a thorough survey of all buildings situated near the city’s heritage sites to ensure compliance with established regulations. A bench comprising Chief Justice DK Upadhyaya and Justice Tejas Karia recently directed the Municipal Corporation of Delhi (MCD) to conduct this survey while addressing several petitions highlighting potential violations surrounding heritage structures throughout the capital. The court acknowledged that the petitions raised significant issues regarding the preservation of the character and integrity of heritage properties. It pointed out that construction activities near these sites can often alter their visual and…

InfrastructureLatest Stories

Mysuru Body Proposes Expansion of Local Planning Area Amid Doubts

MYSURU: The Mysuru Development Authority (MDA) is planning to expand its local planning area (LPA) from 519 sq km to nearly 1,200 sq km, potentially increasing its administrative coverage over the city’s development. This proposal aims to facilitate more organized and centralized planning; however, there are concerns that it does not sufficiently address Mysuru’s rapid growth or the necessity for solid mass transportation infrastructure. MDA’s in-charge commissioner, K R Rakshith, informed TOI that since the authority’s establishment eight months ago, three board meetings have taken place. During the latest meeting last month, chaired by the deputy commissioner, the board decided…

InfrastructureLatest Stories

Mohali Dismantles Illegal Structures Near Sukhna Lake

MOHALI: The district administration conducted an anti-encroachment drive in Naya Gaon on Monday, adhering to high court directives aimed at removing unauthorized constructions in the Kansal catchment area of Sukhna Lake. The operation was overseen by the designated nodal officer and involved teams from AME, the building inspector, general inspector, and the executive officer. Police, including the Naya Gaon SHO, were present to maintain order during the action. Officials indicated that the enforcement teams targeted structures built in violation of court orders, particularly around Patiala Ki Rao and parts of Shivalik Vihar. These areas are within the restricted Kansal catchment…