The Gorakhpur Industrial Development Authority (GIDA) has allotted 182 acres of land in 2025, attracting INR 5,800 crore in investments and paving the way for 20,000 new jobs. Investors span sectors such as textiles, food processing, and logistics, reflecting Gorakhpur's transformation into a growth hub. Established in 1989, GIDA has adopted investor-friendly policies that have accelerated industrialisation in the region. Backed by the Uttar Pradesh government under CM Shri Yogi Adityanath, the city has seen major infrastructure upgrades, including a new airport and improved road networks. Once associated with poverty and migration, Gorakhpur is emerging as a destination for jobs and better living standards.Read more

Cement prices in India have risen sharply this fiscal year, mainly due to higher fuel costs, especially petroleum coke (petcoke). The average price of a 50-kg bag reached INR 360 in May 2025, up 8% from last year. Despite this increase, demand has remained strong, growing 9% in May, supported by housing and government infrastructure projects. Rising global fuel prices and the rupee's depreciation have added to cost pressures for Indian manufacturers. Even so, Indian cement remains competitive globally at USD 92 per tonne, compared to USD 140 in the USA, USD 229 in Germany, and USD 54 in China.Read more

Markolines Pavement Technologies, a Mumbai-based highway solutions company, has secured a significant INR 100 crore order from Trans Metalite India for road maintenance in Andhra Pradesh. The five-year contract involves patch repair works, solidifying Markolines' position in the infrastructure sector. This latest win, coupled with other recent contracts valued at nearly INR 97.47 crore, boosts the company's unexecuted order book to over INR 400 crore. The new order highlights a growing focus on the maintenance and rehabilitation of existing road networks, a crucial aspect of India's continued infrastructure push.Read more

The Haryana government has waived stamp duty on residential plots up to 50 sq yards in urban areas and 100 sq yards in rural areas under housing schemes such as PMAY, Mukhyamantri Shehri Awas Yojana, and Mukhyamantri Gramin Awas Yojana. Chief Minister Nayab Singh Saini said the move will ease costs for lower-income buyers amid revised collector rates, which rose 10% in most categories and were capped at 50% where values were disproportionately high. He stressed that stamp duty percentages remain unchanged since 2008. The policy aims to provide targeted relief to genuine buyers while curbing undervaluation and black money-driven land deals.Read more

Sri Lotus Developers and Realty reported a steep decline in consolidated net profit for the first quarter of the fiscal year, with earnings falling to INR 25.8 crore against INR 40.2 crore in the same period last year. Total income also contracted to INR 68.1 crore. Despite the fall in performance following its recent IPO, the company emphasised its strong financial position, citing a debt-free balance sheet, a cash surplus of INR 905 crore, and ambitious luxury project launches in Mumbai's western suburbs.Read more

Bihar has unveiled the Bihar Industrial Investment Promotion Package 2025, offering free land and substantial financial support to attract industrial investors. The policy provides land allotments at token cost or free of charge to large-scale investors and Fortune 500 companies, along with options for interest subvention, SGST reimbursement, or capital subsidies. Valid until the end of March next year, the package seeks to generate large-scale employment opportunities while boosting the state's industrial landscape.Read more

Property prices rose in 45 out of 50 cities during the first quarter of the 2025-26 financial year, as per data released by the National Housing Bank (NHB). The Housing Price Index showed an annual increase of 5.7 per cent, although slightly lower than the 6.6 per cent growth seen a year earlier. Major markets including Bengaluru, Chennai, Mumbai, and Pune witnessed steady appreciation, while a few cities such as Howrah, Kochi, and Thiruvananthapuram recorded notable declines.Read more

At its recent State Investment Promotion Board meeting, Andhra Pradesh approved 30 projects with a total investment of INR 53,922 crore, projected to generate over 83,000 jobs. Key approvals included proposals from HFCL, Apollo Tyres, Dhirubhai Ambani Green Tech Park, and Serentika Renewables. Chief Minister N Chandrababu Naidu highlighted his intent to closely monitor implementation, promote food processing and horticulture, and strengthen MSMEs through innovation hubs.Read more

Grounded airline Jet Airways has signed a definitive agreement to transfer the lease of its Bandra-Kurla Complex (BKC) corporate office in Mumbai for INR 370.25 crore as part of its liquidation process. The lease will be assigned to Parthos Properties Pvt Ltd, subject to approval from the Mumbai Metropolitan Region Development Authority (MMRDA). Conducted under the Insolvency and Bankruptcy Code (IBC), the sale marks an important step in monetizing Jet's assets to repay creditors. Once India's premier private airline, Jet suspended operations in April 2019 after financial collapse, and a failed resolution plan eventually led to a Supreme Court-ordered liquidation in 2024.Read more

Shares of Patel Retail, a Mumbai-based supermarket player, listed with a premium of nearly 20% on the BSE and NSE on Tuesday, August 26, 2025. This strong debut, which saw the stock open at INR 305 on the BSE, came despite the broader market trading in negative territory. The INR 242.76 crore Initial Public Offering (IPO), which was subscribed 95.70 times, will help fund the company's working capital needs and debt repayment. Patel Retail, which operates in Thane and Raigad districts, aims to use the fresh capital to expand its footprint in the region.Read more