Centre releases 2 instalments of tax devolution to states

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Mumbai (Maharashtra) [India], March 12: Finkurve Financial Services Limited (BSE: 508954), among leading Tech-first Gold Loan NBFC, announced that the Company has crossed Rs. 1,035 crore+ in Assets Under Management (AUM) surged by nearly 10x compared to FY23, marking a significant milestone in the company's growth trajectory within India's secured lending ecosystem.

Mumbai (Maharashtra) [India], March 12: Lexlegis, a pioneering legal-tech and AI-driven compliance solutions company, will participate in the prestigious NVIDIA GTC (GPU Technology Conference), scheduled to take place from March 16 to March 19, 2026, in San Jose. The company will exhibit its latest innovations at Booth #4054, engaging with global technology leaders, developers, and enterprises exploring the transformative power of artificial intelligence.

New Delhi [India], March 12: Smartworld Developers, a new age real estate brand has awarded a construction contract worth INR 1,000 crore for its landmark ultra-luxury project, Trump Residences Gurgaon, marking a major milestone in the project's development. Excavation at the site has been completed, and as part of the phased construction strategy, a INR 300 crore tender has already been released. Structural construction has now formally commenced.

If crude oil prices sustain above USD 100 per barrel in FY27, the Central government's annual additional expenditure could rise by Rs 3.6 lakh crore, according to a report by Elara Securities.

Mumbai (Maharashtra) [India], March 12: Signalling a strategic shift in how residential housing is planned for the future, Gajra Group has announced an investment of ₹300 crore to develop what it describes as First Automated Intelligent Homes (Ai Homes) with an estimated gross development value (GDV) of ₹5,00 crore.

Kuala Lumpur [Malaysia], March 12: As a strategic move to refresh and strengthen its core vision, Hong Leong Islamic Bank ("HLB Islamic" or the "Bank") is transitioning to a refreshed consumer-facing brand identity, now known as HLB Islamic, and a strengthened core proposition that approaches financial services not as a series of siloed products and transactions, but as total wealth stewardship through a Shariah-principle-guided life-cycle approach known as Hayat @ HLB Islamic. This evolution is rooted in the Bank's new philosophy, 'Timeless Principles Guiding Tomorrow's Wealth', introduced during its 20th anniversary last December to signal a new chapter in wealth stewardship.

The ongoing conflict in West Asia has begun to affect the textile industry in Bhilwara, Rajasthan, with export orders being stalled and trade disruptions impacting shipments worth around Rs 800 to Rs 1,000 crore, industry representatives said.

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Bengaluru (Karnataka) [India], March 12: Reflecting sustained demand for well-planned housing in Bengaluru's eastern corridor, Fortune Primero, a Bengaluru-based real estate developer with over three decades of experience in premium commercial real estate, has recorded ₹215 crore in pre-launch sales, with 172 homes booked within 48 hours for its residential development, 'Seven Sarjapur'.