16 Dec 2025

Namo Bharat, the semi high speed transit system on the Delhi Ghaziabad Meerut corridor, has crossed 2 crore commuter trips within two years of its launch. Starting with a modest 72,000 monthly riders, phased expansions and new stations have steadily increased ridership to around 55,000–60,000 daily commuters. Key factors driving growth include reduced travel time, reliable air conditioned services, and integration with Delhi Metro ticketing. With 55 km and 11 stations currently operational and remaining stretches under construction, the system continues to reshape intercity travel patterns and strengthen connectivity across the National Capital Region.Read more

15 Dec 2025

The Delhi Metro Rail Corporation has started elevated corridor construction on the 8.38 kilometre stretch between Lajpat Nagar and Saket G Block, part of the Golden Line under Phase IV of the metro expansion. This section will have eight stations and improve metro access in South Delhi, linking residential and commercial areas and offering easier interchange with the Magenta, Violet and Pink Lines. The ground breaking marks the first civil works beyond earlier priority corridors and is expected to support daily commuting for thousands. This stretch will also introduce India’s first three coach metro service.Read more

15 Dec 2025

Vishal Gupta has been elected president of CREDAI-NCR, with a new Executive Committee and Governing Council now in place. The leadership team, including five vice-presidents, a secretary, and a joint secretary, will focus on engaging with authorities, addressing regulatory and policy challenges, and promoting reforms for a modern and sustainable real estate sector. CREDAI represents over 15,000 real estate developers across India, making it a key voice in the industry.Read more

14 Dec 2025

NHAI, in partnership with ROADIS, has launched a cycle-donation initiative to support school-going girls across Uttar Pradesh, Rajasthan and Gujarat. Nearly 100 bicycles were distributed to 80 students from ten schools located along ROADIS-operated highway corridors, helping girls with long or unsafe commutes travel more independently and continue their education. The main event was held in Varanasi, attended by senior NHAI officials who emphasised the role of safe mobility in community development. ROADIS said the drive aligns with its commitment to improving lives around its project areas. The initiative is part of the Shikshaantra Plus programme, which supports learning, digital access and school infrastructure in multiple states.Read more

12 Dec 2025

India’s move to allow greater pension-fund participation in REITs, InvITs and Category I and II AIFs is being seen as a major reform for long-term capital growth. Industry leaders say the change will bring stable, patient capital into real estate, infrastructure and high-growth sectors. Pension funds are expected to strengthen funding for income-generating assets, improve yield stability and support large-scale urban and infrastructure development. Experts note that the policy also helps diversify pension portfolios while raising governance standards and investor confidence. With long-horizon capital entering these investment vehicles, the reform is likely to deepen institutional participation, improve liquidity and support India’s goal of building a more resilient and mature capital market.Read more

16 Dec 2025

The City and Industrial Development Corporation (CIDCO) has launched an e?tender to seek proposals from qualified firms, joint ventures, or consortiums to carry out a techno?commercial feasibility study for a potential third runway at the Navi Mumbai International Airport (NMIA). The six?month consultancy will assess both technical and commercial viability to support future air traffic growth and operational needs. Bidders who meet eligibility criteria will be evaluated, and the consultant will be chosen through the Least Cost Selection method. Tender details are available on CIDCO�s e?portal from mid?December.Read more

16 Dec 2025

Construction of the 508 km Mumbai–Ahmedabad bullet train corridor marked another step forward with the installation of a 130 metre steel bridge span near Bharuch in Gujarat. The bridge, part of a 230 metre continuous structure over National Highway 64 and the Bharuch–Dahej freight line, was completed in a carefully coordinated 12 hour operation that maintained road and freight traffic flow. Designed for a 100 year lifespan, the project continues to progress across viaducts, track bed construction, noise barriers, tunnels, and station development toward operational readiness.Read more

16 Dec 2025

The Navi Mumbai Municipal Corporation has intensified its cleanliness drive by combining mechanised deep-cleaning of roads with large-scale public awareness initiatives. Over the past 20 days, civic teams have cleaned major roads, industrial zones and high-traffic areas using mechanical sweepers and treated water to reduce dust and air pollution. Alongside this, the civic body has rolled out community-led campaigns involving students and volunteers to promote waste segregation, curb plastic use and encourage responsible disposal practices. Cleanliness pledges, door-to-door outreach and on-ground demonstrations of wet waste composting are key elements of the programme. The integrated approach aims to improve environmental quality while building long-term civic participation across Navi Mumbai.Read more

16 Dec 2025

Union Tourism and Culture Minister Gajendra Singh Shekhawat highlighted that the past decade’s infrastructure expansion has greatly supported spiritual tourism in India. Four-lane expressways have grown from just over 18,000 km to nearly 48,200 km, while high-speed corridors have increased 8.5 times. Improved roads and travel networks have enhanced access to major pilgrimage routes such as Char Dham and Panchkosi Yatra, and sites like Bet Dwarka. The Northeast has also seen better connectivity, making spiritual and cultural destinations more visible. These developments are helping more people undertake pilgrimages while supporting regional tourism growth.Read more

16 Dec 2025

The New Delhi Municipal Council (NDMC) has intensified its cleanliness and dust control drive across major residential colonies and commercial zones in the city. The campaign involved coordinated efforts from its Public Health (Sanitation), Horticulture, and Civil Engineering departments, focusing on mechanised sweeping, side drain cleaning, minor repairs, and upkeep of green spaces. Areas covered include Kaka Nagar, West Kidwai Nagar, Jor Bagh, Shahjahan Road officer quarters, Barakhamba Road, KG Marg, Maulana Azad Road, and Connaught Place. The initiative aims to reduce dust pollution, improve environmental conditions, and enhance public health in densely populated urban neighborhoods.Read more

17 Dec 2025

The National Green Tribunal has allowed construction to resume at a major residential or mixed-use project in Pune�s Baner area, subject to strict environmental safeguards. The order requires the developer to install real-time air quality monitoring systems and make pollution data publicly available. Mandatory dust-control measures, including water sprinkling, material covering and wheel-washing facilities, must be followed throughout construction. Regular reporting to pollution control authorities has also been directed, with provisions to halt work if limits are breached. The decision balances development needs in one of Pune�s fast-growing residential hubs with concerns around air quality, public health and responsible urban growth.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation has ordered a temporary halt to construction at the Prestige Towers project in Mahalaxmi after identifying violations of mandatory air pollution control norms. Inspections revealed inadequate dust mitigation measures, including insufficient barricading, lack of continuous water sprinkling and absence of required dust suppression systems. The civic body said these lapses could worsen air quality and pose health risks to nearby residents, commuters and on-site workers. The action is part of BMC�s intensified monitoring of construction sites across Mumbai, especially during periods of high pollution. Work at the site will remain suspended until all prescribed air quality and environmental safeguards are fully implemented and verified.Read more

16 Dec 2025

The Uttar Pradesh government has waived building permit and inspection fees for small residential and commercial plots after amending state building byelaws. Under the new rules, owners constructing on residential plots of up to 100 sq m and commercial plots of up to 30 sq m will not be required to pay approval-related charges. The move aims to lower construction costs, reduce procedural delays and encourage formal development. Construction approvals will now be granted through an online deemed-approval system, provided basic norms are met. The amendments also update technical definitions to align with modern building practices. The changes are expected to benefit small homeowners, local businesses and low- to middle-income groups across the state.Read more

16 Dec 2025

The Ahmedabad Municipal Corporation has sealed six well-known eateries after inspections revealed they were operating without valid licences and mandatory approvals. The action followed routine checks and public complaints, which found gaps in trade licences, fire safety clearances and regulatory permissions. Notices were issued to the establishments, but failure to submit proper documentation led to the sealing of premises. Civic officials said the move is part of a wider enforcement drive to ensure compliance with health, safety and urban regulations. The corporation has urged all food businesses in the city to verify their licences and approvals, warning that similar action will continue to protect public health and maintain regulatory discipline.Read more

16 Dec 2025

The National Highways Authority of India has intensified safety measures across national highways as dense winter fog continues to affect visibility in several regions. The move focuses on improving on-ground infrastructure, increasing driver awareness, and strengthening emergency response systems. Actions include restoring road signage, enhancing reflective markings, deploying electronic warning systems, and conducting regular night inspections. NHAI has also directed field teams to coordinate closely with local authorities to address accident-prone stretches quickly and ensure smoother traffic movement during foggy conditions.Read more

16 Dec 2025

Aditya Birla Housing Finance has launched Pragati Home Loan to expand access to affordable housing finance for low- and middle-income borrowers across India. The product is designed for salaried and self-employed customers, including those with informal income or limited documentation. Pragati Home Loan supports multiple housing needs such as home purchases, construction, resale, extensions and improvements. With loan tenures of up to 30 years and financing of up to 90 per cent of property value, the offering aims to reduce upfront and monthly repayment pressures. Digital onboarding, transparent tracking and doorstep assistance further simplify the loan process, reinforcing the company�s focus on financial inclusion and first-time homebuyers.Read more

16 Dec 2025

360 One Asset has raised INR 2,300 crore for its real estate-focused Category II alternative investment fund in just four months, reflecting strong investor interest in income-generating real assets. A large part of the capital has already been deployed across infrastructure-linked platforms and commercial real estate assets, with the remaining amount to be invested in the coming months. Key investments include platforms such as Knowledge Realty Trust, Vertis Infra Trust, Maple Infrastructure Trust and Brookfield-backed Bluegrass Business Park. The fund focuses on stable, operational assets that offer predictable cash flows and long-term value. The rapid fundraising and early deployment highlight growing confidence in real estate and infrastructure as resilient investment avenues.Read more

16 Dec 2025

Mahanagar Telephone Nigam Ltd has received board approval to sell its residential property block in Mumbai's Bandra Kurla Complex to NABARD for INR 350.72 crore through a government-to-government transaction. The asset, known as GN Block BKC Quarters, comprises 28 residential units spread over a prime plot in one of the city's most sought-after commercial districts. The sale forms part of MTNL's ongoing non-core asset monetisation programme approved by the government. NABARD will bear stamp duty and registration costs, while MTNL will clear prior dues. The transaction is expected to support MTNL's financial restructuring while unlocking value from high-potential urban real estate.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body's efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

16 Dec 2025

The World Bank has approved USD 305 million to support the Haryana Clean Air Project for Sustainable Development (HCAPSD), aimed at reducing air pollution and improving air quality across the state by 2030. The funding comprises a USD 300 million loan and a USD 5 million grant. With a total project cost of INR 3,646 crore, Haryana will contribute INR 1,065 crore and an additional INR 83 crore as a grant. The initiative covers transport, industry, agriculture, and urban sectors, including electric buses, emission monitoring systems, cleaner technologies, and incentives to reduce crop residue burning and vehicle emissions.Read more

17 Dec 2025

ACME Solar Holdings Ltd clarified that its 300 MW solar power project in Rajasthan is operating without any transmission or evacuation constraints. The company said the project has received effective long-term General Network Access, allowing it to evacuate its entire capacity through dedicated transmission infrastructure. While several solar projects in the state are currently dependent on temporary grid arrangements due to pending transmission links, ACME�s project is not affected. The commissioning of a key transmission line has also eased grid constraints for thousands of megawatts of solar capacity across Rajasthan.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body�s efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

16 Dec 2025

The Lucknow Development Authority (LDA) has approved layouts and finalised prices for commercial, hospital, and group housing plots in Gomtinagar Extension. These plots will be offered through an e?auction starting later this month, allowing online registration via the LDA portal. Sector?7 behind the Police Headquarters features 11 group housing and one commercial plot, while Vibhuti Khand near 1090 Chauraha includes five commercial plots and one hospital plot. Two additional group housing sites on Butler Palace Road, Dalibagh, are also part of the auction. Reserve prices reflect the premium location and infrastructure of the area.Read more

16 Dec 2025

Inox Wind has secured a 102.3 MW wind turbine supply order from ABREL EPC Ltd, a subsidiary of Aditya Birla Renewables. The order involves the supply of 3.3 MW wind turbine generators for projects being developed in Karnataka. The deal strengthens Inox Wind's position in the utility-scale renewable energy segment and reflects continued investment by large corporate groups in clean energy capacity. The company stated that the association aligns with India's broader energy transition goals and supports long-term decarbonisation efforts, while also expanding Inox Wind's growing customer base.Read more

16 Dec 2025

Coldwell Banker India has appointed Bengaluru-based Value Add Realty as its area developer for Karnataka, Tamil Nadu, Kerala and Goa, expanding a partnership that has been in place for more than a decade. The appointment gives Value Add Realty, represented by partner Balaji Badrinath, a wider role in overseeing franchise growth, training and operational standards across South India. The move follows the firm's contribution to building Coldwell Banker's presence in Bengaluru and comes as the network prepares to add new franchise partners, including Archstone Ventures in Devanahalli.Read more

16 Dec 2025

Delhivery has expanded its instant intra-city delivery service to Mumbai and Hyderabad, adding to its existing presence in Delhi-NCR and Bengaluru. The service, available through the Delhivery Direct app, enables users to book local pickups within around 15 minutes and select vehicles based on shipment size. Designed for small businesses, D2C brands and individuals, the platform also offers real-time tracking and access to intercity deliveries across more than 18,850 pincodes nationwide. The move reflects growing demand for faster local logistics solutions in large urban markets.Read more

11 Dec 2025

Uber has introduced Uber Direct, a B2B logistics service integrated with ONDC, starting in Bengaluru. Initially focused on grocery deliveries for Zepto and KPN Farm Fresh, the service will soon include food orders for leading quick-service restaurants. Unlike consumer delivery services, Uber Direct allows merchants to use Uber's fleet to fulfill orders efficiently without managing their own logistics. Leveraging its two-wheeler network, Uber aims to enhance last-mile delivery, provide a scalable solution for Indian businesses, and improve operational efficiency for groceries, food, and retail sectors.Read more

11 Dec 2025

Amazon will invest USD 35 billion in India over the next five years to grow in AI, logistics, cloud computing, and quick commerce. The company, which has invested USD 40 billion since 2010, aims to create one million new jobs and raise exports for Indian sellers from USD 20 billion to USD 80 billion by 2030. Programs like 'Accelerate Exports' and partnerships with industry bodies will help small businesses and manufacturers reach global markets. The move strengthens Amazon's position against Flipkart, local conglomerates, and fast-delivery firms while supporting India's digital and economic growth.Read more

11 Dec 2025

JSW Infrastructure, through JSW Port Logistics, will acquire three rail logistics firms from JSW Shipping & Logistics for INR 1,212 crore. The deal provides immediate access to 21 operational rakes, long-term freight contracts with major steel clients, and key Indian Railways licences. The business is projected to generate an annualised EBITDA of INR 150 crore by FY27. Building on its 2024 logistics acquisition, JSW plans to expand its rake fleet to 110 by FY30, capitalizing on the expected rise in India's rail freight volumes and strengthening its integrated multimodal logistics platform.Read more

10 Dec 2025

Welspun One has announced plans to develop a Grade-A logistics park in Pune's Talegaon MIDC Phase-IV, spread across roughly 1.2 million sq ft, supported by an investment of INR 550 crore. The company recently received a 46-acre land parcel for this project, which will cater to sectors such as 3PL, e-commerce, FMCG, automotive, engineering, and manufacturing. Pune's warehouse leasing activity has grown by about 10% compared to last year, with the Talegaon-Chakan region accounting for nearly 70% of the city's demand. The project aligns with Welspun One's continued expansion across major logistics corridors.Read more

16 Dec 2025

Flight operations at Delhi airport faced major disruptions earlier this week as low visibility led to widespread cancellations. A total of 49 departures and 77 arrivals were called off, affecting several passengers. IndiGo, facing the brunt of the disruptions, cancelled 110 flights across its network. The airline stated that winter fog in northern India can occasionally slow down flight movements during early mornings. IndiGo emphasized that its teams were closely monitoring the weather and making ground adjustments to minimize inconvenience for travelers.Read more

16 Dec 2025

The Andaman and Nicobar administration has approved four major eco-tourism projects across the islands, aiming to boost sustainable tourism. Three new luxury resorts will be developed on Long Island, Aves Island, and Shaheed Dweep, while the existing Megapode Resort in Sri Vijaya Puram will be upgraded through a public-private partnership. Designed to meet international sustainability standards, the resorts will operate with renewable energy, maintain low ecological impact, and offer premium tourism experiences. Aves Island, previously uninhabited, is set to become a key attraction after Swaraj Dweep, with facilities including adventure activities and wellness amenities.Read more

16 Dec 2025

Indian Hotels Company Limited has opened Avantika by the Ganges, a 43-key hotel under its SeleQtions brand, in Varanasi, Uttar Pradesh. The launch strengthens IHCL's presence in spiritually and culturally significant destinations as demand for experiential travel continues to grow. Designed to reflect the city's heritage while offering modern comforts, the property blends local character with premium hospitality. Varanasi remains a key destination for pilgrims and cultural tourists, driving interest from organised hotel players. The new hotel aligns with IHCL's strategy to expand across leisure, pilgrimage and Tier II and Tier III markets, while supporting tourism growth and local employment in one of India's most iconic cities.Read more

15 Dec 2025

Palm Hills Development Company has entered into an agreement with Marriott International to develop a St. Regis-branded project in Cairo under the Palm Hills portfolio. The partnership marks another step in Palm Hills’ strategy to strengthen its presence in the premium and luxury real estate segment, while bringing an internationally recognised hospitality brand to its developments. Marriott’s St. Regis brand is known for high-end residences and hotels globally, and the collaboration is expected to enhance the positioning of the Palm Hills project in Egypt’s competitive real estate and hospitality market.Read more

14 Dec 2025

Auro Realty has acquired the Taj Banjara hotel in Hyderabad for INR 315 crore, strengthening its presence in the hospitality segment and expanding its commercial real estate portfolio. The deal adds a well-known five-star property in a prime city location, popular with both business and leisure travellers. Hyderabad's hotel market has remained strong, supported by steady corporate travel, conventions and domestic tourism, making branded luxury assets attractive to investors. The acquisition reflects growing interest in income-generating commercial properties such as premium hotels. While operational plans for the property are yet to be shared, the move highlights continued confidence in Hyderabad's hospitality sector and the long-term value of established hotel brands.Read more

16 Dec 2025

PRAMA showcased a wide range of indigenously manufactured smart video security products and AI-led surveillance solutions at IFSEC India Security Expo 2025 in New Delhi. The company highlighted AI Sense cameras, IoT-enabled systems and integrated security technologies designed for Indian operating conditions. The display featured solutions for sectors such as retail, residential, transportation, defence, safe cities, healthcare and hospitality. PRAMA emphasised its local manufacturing capabilities, aligned with the Atmanirbhar Bharat initiative, and its focus on AI-driven video analytics, predictive monitoring and operational intelligence. With expanding production capacity near Mumbai, the company aims to meet rising demand for advanced, scalable and India-ready security solutions.Read more

13 Dec 2025

Brick & Bolt recorded a strong 2025, expanding its footprint, services and leadership while strengthening its position as a tech-enabled construction company. The firm completed over 10,000 units and crossed 5 million sq ft of construction, supported by rising demand from homeowners and institutional clients. Key launches included the Smart Cost Calculator, the Advantix commercial construction arm and the premium Connoisseur Collection for luxury homes. Brick & Bolt also expanded offline experience centres and added a real estate advisory platform, GARANT. With new leadership appointments and multiple industry awards, the company now aims to sustain 2X growth through 2026 by scaling residential, commercial and advisory businesses across major Indian cities.Read more

08 Dec 2025

Square Yards has secured USD 35 million in new funding from investors led by Korean venture capital firm Smile Gate, taking the company's pre-money valuation to USD 900 million. The Gurugram-based real estate technology firm, active in property brokerage and home loans, has recorded steady financial growth. It posted INR 1,410 crore in revenue in the last financial year and reported a 44% rise in revenue during the first half of the ongoing fiscal. The company, which operates in India and the UAE, is also working on raising an additional USD 100 million at a valuation exceeding USD 1 billion.Read more

07 Dec 2025

It's Spotlight, an AI-driven experiential DOOH company, has launched India's first gesture-powered concert experience zones, debuting during spiritual musician Radhika Das's tour in Chandigarh. Thousands of attendees interacted with the music through installations such as the Gesture-Powered Music Wall, where hand movements activated visual and audio effects, creating a personalised, meditative experience. Other zones offered interactive playlists, reflective activities and community spaces. A custom survey tool captured real-time audience insights to help the company design more emotionally aligned experiences. Founder Virkaran Singh said combining technology and smart data deepens engagement. With this launch, It's Spotlight aims to redefine digital out-of-home experiences across India.Read more

05 Dec 2025

EXCON 2025, hosted by the Confederation of Indian Industry in Bengaluru from December 9, will be South Asia's largest construction equipment exhibition, emphasizing India's growing strength in construction equipment and advanced manufacturing. Mother India Forming will highlight its expertise in precision sheet-metal cold-roll forming, supplying high-performance components to sectors including construction, mining, agriculture, railways, defence, and renewable energy. The company operates an integrated manufacturing setup and is expanding its solar power capacity to support sustainability. The event underscores India's role in delivering advanced engineering solutions globally.Read more

16 Dec 2025

Tata Power is preparing to finalise a 10 GW wafer and ingot project, estimated at INR 6,500 crore, by January next year. The company is in discussions with multiple states, including Odisha, Tamil Nadu, and Andhra Pradesh, evaluating policies and incentives before deciding the site. The plant will complete Tata Power�s solar manufacturing integration, covering wafers, ingots, cells, and modules. The company, with a diversified 15.9 GW portfolio in thermal, solar, and wind, is also exploring entry into nuclear energy through small modular reactors (SMRs).Read more

15 Dec 2025

SIMEST, a CDP Group company supporting the global expansion of Italian businesses, has signed a Memorandum of Understanding with the Indian Chamber of Commerce to strengthen economic cooperation between Italy and India. The agreement was formalised at the Italy–India Business Forum in Mumbai in the presence of senior leaders from both countries. The partnership aims to promote cross-border investments, industrial collaboration and business linkages, while supporting Italian companies entering the Indian market through financial instruments and advisory support. The MoU also focuses on sharing insights on investment opportunities, mergers, acquisitions and startups, reinforcing long-term trade and commercial ties between the two economies.Read more

15 Dec 2025

Tamil Nadu has achieved double-digit economic growth driven largely by sustained infrastructure development and large-scale job creation, Finance and Environment Minister Thangam Thennarasu said in Chennai. Speaking at the inauguration of the Vels Trade and Convention Centre and Vels Film City in Poonamallee, he said infrastructure-led investments have strengthened the state's economy and generated direct and indirect employment. The minister highlighted the role of private sector participation in supporting growth, citing investments in convention, trade and film infrastructure. He noted that under Chief Minister M K Stalin's leadership, Tamil Nadu recorded 11.19 per cent growth, supported by projects that boost jobs, real estate activity and allied industries.Read more

15 Dec 2025

The Uttar Pradesh government has announced that NAFED will soon operationalise 50 urad procurement centres across 17 districts, allowing farmers to sell their produce at the minimum support price of INR 7,800 per quintal. The initiative is being rolled out under NAFED's Aatmanirbhar Dal Yojana, which focuses on direct procurement from farmers and removes middlemen from the process. Purchases are expected to begin shortly and will continue until January 29, 2026. Payments will be credited directly to farmers bank accounts within three working days. Registration is mandatory and can be completed through the e-Samridhi app or NAFED centres.Read more

15 Dec 2025

India and France have agreed on a major update to their three-decade-old tax treaty, introducing lower dividend tax for French companies with significant holdings in India while giving New Delhi wider authority to tax capital gains from French investors. The revised framework also removes France’s earlier most-favoured nation benefit, which had been a point of dispute after a key Supreme Court ruling. The changes aim to modernise the treaty, improve tax clarity and reduce litigation, while also addressing concerns around technical services taxation. The agreement is expected to be signed in the coming weeks once India’s cabinet clears it.Read more

16 Dec 2025

Ayala Land Inc. has agreed to sell its 50?% share in Alabang Commercial Center Corp, the firm behind the Alabang Town Center Mall, for PHP?13.5?billion (about INR?20,000?crore) to its long?time partner, the Madrigal family. The move is part of Ayala Land�s ongoing strategy to monetise mature assets and reinvest in future growth. The deal, announced earlier this week, will free up capital for the company�s expanding leasing portfolio and shareholder returns. Alabang Town Center has been a significant retail hub since the early 1980s and grew through multiple expansions over the decades.Read more

16 Dec 2025

Tata Consultancy Services (TCS) has expanded its operations in Romania by opening a new office in Bucharest's Floreasca business district, reinforcing its role as a digital engineering hub in Europe. Over 95% of the workforce at this facility comprises Romanian nationals, reflecting TCS focus on local talent. The office complements the recently launched Software-Defined Vehicle (SDV) innovation hub and forms a key part of TCS European delivery network, which serves over 350 clients across 20 countries with more than 15,000 professionals.Read more

16 Dec 2025

China’s residential property prices continued to decline in November, reflecting persistent weakness in demand despite repeated assurances from policymakers. Official data showed both monthly and annual price drops, with pressure visible across new and secondary home markets. Price falls widened across major and smaller cities, underlining the depth of the slowdown that began in mid-2021. Economists expect the downturn to extend into 2026, citing oversupply and fragile buyer sentiment. International agencies and analysts continue to urge stronger, targeted action to address the prolonged property crisis.Read more

16 Dec 2025

South Korea’s financial regulator has decided to continue its bond market stabilisation measures into 2026, citing ongoing risks from domestic and global monetary policy shifts, higher government bond supply, and market volatility. The move covers large bond and short-term money market funds, along with substantial support for real estate project financing. Authorities indicated readiness to step in early if conditions worsen, as bond yields rise and currency movements remain volatile. The decision comes as the central bank signals it may be close to ending its interest rate cut cycle.Read more

16 Dec 2025

HSBC's proposal to take Hang Seng Bank private by acquiring minority-held shares has received key internal approval. An independent committee of Hang Seng's board has assessed the USD 13.6 billion offer and advised minority shareholders to support the transaction. The move comes at a time when Hang Seng is facing sustained pressure from its exposure to the Hong Kong and mainland China property markets. With bond repayments for property developers expected to rise sharply next year, the transaction reflects HSBC's broader strategy of reshaping its Asian banking operations.Read more