Sundaram Home Finance Reports FY26 Growth

Sundaram Home Finance reported a 15 per cent increase in net profit for FY26 to Rs 2.82 billion, compared to Rs 2.45 billion in the previous year, supported by steady growth in disbursements and expansion of its emerging business segment.

Disbursements rose 5 per cent year-on-year to Rs 68.42 billion, while assets under management (AUM) grew 14 per cent to Rs 199.09 billion as of March 31, 2026.

The company’s emerging business segment—comprising affordable housing finance and small-ticket loans—crossed the Rs 5.0 billion disbursement milestone, reaching Rs 5.9 billion in FY26, up from Rs 2.29 billion in the previous year. The segment now contributes close to 10 per cent of total disbursements, supported by expansion into Karnataka, Andhra Pradesh and Telangana, and a network of over 100 branches.

D. Lakshminarayanan, MD, Sundaram Home Finance, said, “Our prime business continues to do well. With our continued focus and expansion in this segment, we are confident of continuing the growth trajectory.”

The company added over 500 employees and around 5,000 customers during the year, and plans to deepen its presence in Tier 4 and Tier 5 towns to drive future growth.

MMRDA Removes 1.14 lakh m of Metro Barricades

In a bid to ease congestion and improve urban mobility during monsoon, MMRDA has undertaken one of the largest coordinated barricade removal and monsoon preparedness drives across its ongoing metro and infrastructure projects.With substantial progress achieved in viaduct and structural works across multiple metro corridors, barricades from completed stretches beneath metro viaducts are being systematically removed, restoring maximum possible road space before the monsoon. Wider carriageways across key arterial roads are expected to improve traffic flow, reduce congestion, support better rainwa..

Pune Division to Remove All Diamond Crossings by Year-End

The Pune railway division has announced plans to remove all 16 diamond crossings by the end of 2026 as part of a major yard remodelling project following the derailment of a Vande Bharat Express at Pune Junction on April 27. Railway authorities said the replacements aim to improve safety and streamline train operations across the busy station. The decision followed a Central Railway finding that the accident involved a non-standard diamond crossing and highlighted the need for replacement. Regular maintenance of existing crossings will continue until the replacement work is completed. Official..

Goa Declares 80 Million Square Metres No Development Zone

The Goa state government has declared 80 million square metres (mn) of land a no development zone, designating the area as protected from new construction. The notification reclassifies tracts across the state under a no development category for planning and regulatory purposes. The declaration signals a formal halt to new building permits within the defined zone. Authorities indicated that maps will be issued to show broad boundaries while detailed surveys will refine precise limits. The move transfers responsibility for enforcement to local planning authorities and relevant departments, whic..