NBCC sold roughly 14 lakh square feet of commercial space at Bharat Business Park in South Delhi for Rs 5,779 crore through an e-auction, marking a significant asset monetisation transaction for the state-owned construction firm. The property is located in South Delhi, one of the capital's most premium commercial corridors, and the deal size signals strong institutional appetite for large-format commercial real estate in the city. NBCC will retain a one percent marketing fee on the transaction, directly linking its revenue to the deal's total value. The proceeds are earmarked for the redevelopment of residential colonies in the area, channelling commercial monetisation into public infrastructure reinvestment. Observers in the real estate sector will watch whether this e-auction model, transparent, government-backed, and large-scale, sets a pricing benchmark for comparable South Delhi commercial assets or encourages further state-land monetisation exercises in other urban centres.
HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
