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Oriental Hotels Stock Surges Over 5% After Indian Hotels Company Merger Approval
Oriental Hotels shares jumped more than 5% on August 24 after IHCL approved its merger. The Indian Hotels Company and Oriental Hotels boards approved a Scheme of Arrangement. The transaction will combine OHL with its larger associate through an all-stock structure. The scheme remains subject to shareholder, creditor, NCLT, stock exchange, SEBI, and other approvals….
Puravankara Shares Gain 5% After Bagging ₹175 Crore Chennai Project; Stock Down 9% in 2026
Puravankara shares jumped nearly 5% to ₹227.34 on Friday, August 21, 2026, against a previous close of ₹216.50. The rally followed news that the subsidiary Starworth Infrastructure secured a ₹175 crore order in Chennai. Despite this gain, Puravankara shares remain down 9% year-to-date and 23% year-on-year. Details of Puravankara’s New Chennai Order Ritz-Carlton Project Drives…
HMRC to Send Inspectors Into UK Homes for Mansion Tax Valuations From 2028
HMRC will send valuation inspectors to UK homes worth over £2m to assess mansion tax liability from 2028. Homeowners who refuse entry face fines up to £200 and criminal charges.
Australian Regional Housing Values Fall 0.1% as Downturn Spreads Beyond Cities
Regional Australia’s housing market has started to decline, with values falling 0.1% in Q2 2026. Of 50 major regional markets, 22 recorded outright price drops as buyer demand weakens across the country.
Corus Entertainment Cuts More Jobs at Global News and Radio on August 21
Corus Entertainment confirms fresh layoffs at Global B.C., Global National, News 640, and talk radio. Q3 revenue fell 16% and the company posted a $36.5M net loss.
AUSTRAC Uncovers A$4 Billion Mortgage Fraud Across Australia’s Five Largest Banks
AUSTRAC’s Operation Claw uncovers A$4 billion in suspected mortgage fraud across Australia’s largest banks, with borrowers using fake employment and offshore funds. Hundreds referred to police.
Kalgoorlie-Boulder Property Prices Surge 6.4% as Regional WA Outpaces Nation
Kalgoorlie-Boulder records 6.4% annual property price growth, second only to Port Pirie nationally. Regional WA averages 2.1% growth, outpacing capital cities as investors and first-home buyers compete.
AUSTRAC Uncovers $4 Billion Mortgage Fraud Across Australia’s Five Largest Banks
AUSTRAC uncovers $4 billion in suspected mortgage fraud across major Australian banks through Operation Claw. Hundreds referred to authorities for fake income claims and shell company schemes.
UK Sends Emergency Alert to Millions Over Wildfire Risk on August 15
UK issues emergency alert to millions over wildfire risk. Disposable barbecues banned, military deployed, and 19 homes destroyed in Stourbridge as extreme heat grips Britain.