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Slumdogs no more: Can tycoons take the Mumbai Model to other cities?
India's top business tycoons like Adani and Ambani are shifting focus from city outskirts to redeveloping Mumbai's older housing and slum areas. This strategic move, driven by scarce and expensive greenfield land, aims to transform decaying urban pockets. Major projects are underway, signaling a new era of large-scale urban regeneration that could serve as a model for cities nationwide.
Water crisis ahead? PL Capital says water deficit creates Rs 20 lakh cr infra opportunity, picks 3 stocks
India's widening water deficit could create an infrastructure investment opportunity worth over Rs 20 lakh crore over the next decade, according to PL Capital. The brokerage expects sustained growth across water treatment, recycling and wastewater management, and has identified VA Tech Wabag, Enviro Infra Engineers and Denta Water as key beneficiaries.
Corporate giants turn to urban regeneration as redevelopment race intensifies
India's largest corporate houses are increasingly focusing on urban regeneration, shifting real estate focus from land acquisition to redevelopment. Giants like Reliance, Adani and JSW are aggressively bidding for projects involving old housing colonies and slum rehabilitation in Mumbai.
Index of industrial production records a 5.1% year-on-year growth in May
Industrial output rose 5.1 per cent in May compared to 4.9 per cent in the preceding month, mainly on the back of improved manufacturing sector performance. This is the second monthly Index of Industrial Production (IIP) data based on the new series. The growth rates of the Four sectors, Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of May 2026 are (-)1.6 percent, 5.5 percent, 9.9 percent and 5.5 percent respectively. The Quick Estimate of IIP stands at 122.7 against 116.7 in May 2025. The indices of Industrial Production for Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of May 2026 stand at 112.9, 122.6, 129.6 and 145.1 respectively. The Ministry of Statistics and Programme Implementation (MoSPI) released the new series of the All India Index of Industrial Production (IIP) with base year 202223 on 1st June 2026, ..
Adani to build mini cities around six airports with ₹20,000 crore investment
Adani Airport Holdings plans to invest over ₹20,000 crore in the first phase of airport city projects across six airports, combining hotels, offices, retail, entertainment and convention centres into integrated urban hubs connected to major transport networks.
Axis Bank aims to strike optimal balance between growth and margins: MD
Axis Bank is poised for industry-leading growth while balancing profitability, according to MD and CEO Amitabh Chaudhry. Despite a dip in net profit for FY26, the bank expanded its market share in advances and deposits, maintaining a healthy CASA ratio. Significant investments in technology and a physical footprint expansion to over 6,000 branches are driving efficiencies and enabling a stronger Bharat Banking franchise focused on diversified rural and semi-urban opportunities.
India's wireless subscriber base expands to nearly 1300 million in May 2026: TRAI
The number of wireless subscribers increased from 1288.96 million at the end of April 2026 to 1294.46 million at the end of May 2026. This expansion represents a monthly growth rate of 0.43 per cent for the country's wireless sector, according to a Telecom Regulatory Authority of India report, which highlighted steady upward movement across both urban and rural markets.
A Rs 20 lakh crore plan could shake up the Delhi-NCR property market
Delhi-NCR's property market faces affordability challenges, prompting the ambitious NCR Regional Plan 2041. This plan aims to reshape the region by investing over Rs 20 lakh crore, creating new cities, and formalizing land. It envisions a multi-nodal urban model, moving away from Delhi-centric growth, and aims to connect major cities within 30 minutes via high-speed transit.
Lithium Urban bags investment from JSW Green Mobility, co eyes 3-fold growth in 2 years
Lithium Urban Technologies, backed by Eversource Capital, has secured a strategic investment from JSW Green Mobility to fuel a three-fold growth over the next two years. This move aims to boost the company's expansion in response to surging demand for sustainable, tech-driven mobility solutions.
MHADA’s 925-acre Mumbai redevelopment pipeline may draw Rs 4 lakh cr investment
Mumbai's housing redevelopment is set for a massive Rs 4 lakh crore investment, promising 75,000 rehabilitation tenements and 30,000 MHADA units. This large-scale urban renewal, covering 925 acres across 11 projects, aims to transform ageing colonies and densely populated areas. The new Construction & Development Agency model prioritizes residents with transit rent support and maintenance funds, attracting major developers like Adani and Reliance.
Top Gainers & Losers on June 22: Kirloskar Oil Engines, Delhivery, Gabriel India, Urban Company among top gainers
The Indian stock market closed with gains as US-Iran peace talks progressed, boosting pharmaceutical and technology stocks. The Nifty 50 rose 0.37% to 24,102, while the Sensex closed at 77,044, up 0.31%. Broader markets and various sector indices also recorded positive movements.
Urban Company gains 7% on huge volume; stock up 45% from March low
Urban Company stock price: The average trading volume at the counter more-than-doubled with a combined 14.13 million shares changing hands on the NSE and BSE in Monday's trade.