Lucky numbers and collusion: how an Indian cement cartel came unstuck

India's largest oil explorer, ONGC, uncovered a decade-long cement price-fixing cartel involving Dalmia Bharat, India Cements, and Shree Digvijay. The companies allegedly colluded on bids, even citing numerology for identical pricing, and attempted to oust foreign competitors. A five-year probe by the CCI found substantial evidence of these anti-competitive practices.

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BMC approves empanelment of geotechnical experts to scrutinise foundations of high-rise buildings in Mumbai

Mumbai's municipal body has mandated independent geotechnical expert scrutiny for high-rise building foundations, a first in Asia. This new norm requires mandatory clearance from the High-Rise Committee for buildings over 180m, ensuring stringent safety standards for deep excavations and complex foundation systems. The move aims to mitigate risks associated with dense urban construction and prevent structural failures.

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Centre launches ₹33,500 crore Delhi infrastructure push, including housing and metro projects

Prime minister Narendra Modi launched development projects valued at approximately ₹33,500 crore in Delhi. These initiatives encompass metro expansion, government housing redevelopment, and urban infrastructure enhancements. Newly constructed government flats and office spaces were inaugurated. Foundation stones were laid for more GPRA flats and commercial office towers.

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ED attaches Delhi-based TDI Infrastructure's assets worth over ₹200 crore

The Enforcement Directorate has recently frozen assets worth upwards of Rs 200 crore belonging to TDI Infrastructure Limited amidst allegations of money laundering. This investigation stems from charges of deception against homebuyers, with reports highlighting the company's long-standing failure to provide the flats and units they were promised.

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Maharashtra's debt pressure may trigger over 5% hike in RR rates from April 2026

Maharashtra government may revise ready reckoner (RR) rates by over 5% from April due to mounting fiscal pressure and a rising debt burden. Officials indicated a revision is imminent, with the final decision pending on funding needs for infrastructure and welfare schemes. Despite developers urging against a hike, citing market stability, the state faces a significant revenue deficit.

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SC orders CBI inquiry into DLF's housing project in Gurugram

The Supreme Court has directed the CBI to conduct an inquiry into issues related to the ‘The Primus’ housing project in New Gurgaon, with findings to be submitted by April 25, 2026.

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Embassy REIT acquires 0.3 million sq ft office space in Bengaluru for ₹852 crore

Embassy Office Parks REIT has bought a Bengaluru office property for ₹852 crore. The deal involved acquiring Eleanor Realty Holdings India, which owns the Pinehurst building. This grade-A office space is fully leased to a global investment firm. The transaction was completed at a discount to independent valuations. PwC and Trilegal provided advisory services for the deal.

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