M3M India has completed its high-street retail project, M3M Route 65, in Gurugram, with an investment of INR 800 crore. The four-acre development features 564,000 sq ft of commercial space, with retail handovers set to start later this month and full operations expected by March next year. While the company has not clarified whether the spaces have been sold or leased, this marks its 10th retail project. The development adds a significant high-street retail option in Gurugram, supporting both established and emerging businesses in the city's commercial hub.Read more

Eco Hotels and Resorts successfully raised INR 19.57 crore through a rights issue that saw subscriptions nearly 1.6 times the planned size. The issue, offered at INR 15.2 per share in a 1:4 ratio, received bids for over 2 crore shares against the proposed 1.28 crore shares. The company plans to deploy the funds for long-term hotel property leases, construction advances, security deposits, and general corporate purposes. Leadership emphasized the strong shareholder support as a sign of confidence in the company's growth and strategic plans, aiming for 5,000 keys by 2030.Read more

Parsvnath Developers Ltd, in partnership with Unity Group, has fully leased the 3 lakh sq ft retail space at their newly completed shopping mall, Unity One Elegante, located in Netaji Subhash Place, Delhi. Developed through a joint venture, Unity Parsvnaths LLP, the mall has received its Occupancy-Cum-Completion Certificate from the Delhi Development Authority and is set to become operational soon. Parsvnath continues to expand its presence across 37 cities in 13 states while focusing on new commercial developments. The company posted a consolidated net loss of INR 347.27 crore in the latest fiscal, with income declining to INR 303.45 crore.Read more

The Tripunithura municipal council has reopened the tender process to lease out two malls that have remained largely inactive since their opening over five years ago. Built at a combined cost of INR 18.5 crore, the malls T K Ramakrishnan Memorial Mall and A G Raghava Menon Mall failed to attract tenants during earlier rounds. Due to repeated challenges, the council reclassified them as commercial buildings and set minimum rent and deposit terms. An audit earlier had flagged revenue loss from their prolonged dormancy, prompting this renewed move. Local traders are being encouraged to bid.Read more

IHCL has launched Gulab Haveli, Mandawa - IHCL SeleQtions, a 17-room heritage property in Rajasthan that retains its 19th-century architectural essence. The restoration incorporates frescoes, low doorways, arches, and a central courtyard. The hotel offers a dining venue inspired by the Silk Route (Resham), a relaxed bar (Amal), a rooftop pool, and a Hammam Spa. IHCL frames the new property as an effort to preserve India's cultural heritage while providing modern hospitality, aligning with Mandawa's legacy of art and historic architecture.Read more

Maharashtra has approved land in Igatpuri, Nashik district, to build a new film city modeled on Mumbai's Goregaon Dadasaheb Phalke Chitranagri. The project will feature indoor studios, outdoor sets, and other facilities for movies and television production. Land transfer proposals and feasibility studies have been completed, with KPMG appointed to assess financial viability. The government aims to make the project a hub for the Indian film industry while boosting tourism. An amusement park may also be included to attract more visitors and support the local economy.Read more

ITC Hotels has signed a definitive agreement with Kumar Infra Hotel Private Limited (KIHPL) to operate a 140-room luxury hotel in Patna, Bihar. Awarded through a competitive government bidding process, the project forms part of Bihar's ongoing tourism development strategy. Spanning 1.5 acres, the hotel aims to strengthen the state's luxury hospitality segment. ITC Hotels plans to showcase its renowned culinary standards and service quality while reflecting the local culture, heritage, and traditions through architecture, arts, crafts, and curated indigenous experiences.Read more

China's Guangzhou Baiyun International Airport confirmed on Friday that direct flights between India and China will resume later this month, ending a more than five-year suspension and signalling a cautious thaw in bilateral ties. The announcement follows India's decision and IndiGo's plan to start daily non-stop flights between Kolkata and Guangzhou from October 26, marking the first such connection since 2020. The airport added that it would encourage the opening of more direct routes, including Guangzhou-Delhi. The move comes a month after Prime Minister Narendra Modi's visit to China for the SCO summit, where he and President Xi Jinping discussed strengthening trade ties and easing tensions after years of strained relations.Read more

Senegal plans to begin construction of a second oil refinery in 2026, seeking USD 2-5 billion in investment to expand domestic refining capacity, SAR CEO Mamadou Abib Diop told Reuters. Financing offers have already come from China, Turkey, and South Korea. The refinery, dubbed SAR 2.0, will process an additional 4 million tons of crude annually, using feedstock primarily from the Sangomar offshore field, operated by Woodside Energy with Petrosen as minority partner. Sangomar, producing since 2024, yields about 34.5 million barrels per year. By its targeted 2029 start-up, SAR aims to meet national petroleum demand and export to the region, reducing reliance on imports.Read more

DoubleTree by Hilton Bengaluru Whitefield collaborated with Kalyani Developers to host the Walkathon - Abilities Recruitment March at Kalyani Tech Park as part of Hilton's Travel With Purpose Week. The event focused on inclusivity, accessibility, and empowerment of specially-abled individuals. With participation from industry leaders, NGOs, Rotary clubs, and community members, the initiative underscored Hilton's ongoing commitment to diversity, equity, and purpose-driven hospitality while strengthening its longstanding association with Kalyani Developers.Read more