Punjab and Sind Bank is planning to raise up to Rs 30 billion through infrastructure bonds. Prior to this, amid a challenging environment for deposits, multiple banks have raised funds through infrastructure bonds. The bank […]
According to ICRA, bond issuances are estimated to reach Rs 1.2-1.3 trillion in 2024-25 compared to the previous high of Rs 1.1 trillion in 2022-23 and 1 trillion in 2023-24. Public sector banks are expected […]
The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a loan of Rs 316.74 billion from the Power Finance Corporation (PFC). The proceeds of the loan will be deployed in nine critical projects marking a […]
Waaree Energies Limited has received approval from SEBI to issue its initial public offering (IPO) of Rs 30 billion. The IPO comprises up to Rs 30 billion fresh equity issue and 3.2 million equity shares […]
ImpactR SM REIT (Small and medium real estate investment trust) has received registration from SEBI under new SM REIT regulations. ImpactR will be the second SM REIT in the country. Rudrabhishek Enterprises Private Limited (REPL), […]
The Solapur Airport in Maharashtra was inaugurated on September 29, 2024. The revamp of the existing terminal building at the airport has increased the passenger handling capacity to 0.41 million passengers per annum (mppa). The […]
Prime Minister inaugurated the new underground section of the Pune Metro, connecting District Court to Swargate, on September 29, 2024. This underground segment was developed at a cost of Rs 18.1 billion. Additionally, the foundation […]
As a part of the third phase of capacity-building initiatives, the Ministry of Electronics and Information Technology (MeitY) inaugurated the second regional programme of this series focused on ‘Contract and Procurement Management’ on September 26, […]
North Central Railway has completed electrification works for the Etah-Malwan section of the Barhan-Etah railway electrification project. The project involves electrification of the existing 59 km long Barhan-Etah railway line in Uttar Pradesh.
As per reports, Alphard Maritime Group is planning to set up a $500 million shipping fund in the Gujarat International Finance Tec-City (GIFT City). Of this, the company will contribute about Rs 5 billion while […]
The construction work for the Indore-Jabalpur new railway line project is expected to commence soon. Bids for the same are expected to be invited soon. The new rail line from Jabalpur will pass through Gadarwara […]
To alleviate congestion caused by ongoing metro rail and civic infrastructure projects, state agencies in Chennai are planning new link roads across the city. A key proposal is a 900 m link between Pillayar Koil […]
Konkan Railway Corporation Limited has expressed interest in the implementation of the Mopa airport-Pernem new rail line project. It also plans to conduct a feasibility study upon the approval from the Union Government. The project […]
The promise of Digital India, and its potential to turbo-charge economic activity, is based on an assumption of rock-solid, fast teleconnectivity. Digital India can only work optimally if high teledensity exists, and high-speed, high-bandwidth networks […]
The Surat metro project has made significant progress as the tunnel boring machine (TBM) S94 (Tapi) successfully completed its third and final drive. For its concluding task, TBM Tapi commenced its drive from Central Warehouse […]
The Chennai Resilience Centre has signed a memorandum of understanding (MoU) with the Tamil Nadu Green Climate Company (TNGCC) to implement green infrastructure projects in Chennai. They aim to strengthen water and waste management practices […]
The Ministry of Power has released guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024. These guidelines will apply to public, semi-public, and private charging stations across India, including utilities, central and state agencies. […]
National High Speed Rail Corporation Limited (NHSRCL) has completed excavation work for a 700-meters tunnel under the Mumbai-Ahmedabad high-speed rail (HSR) corridor project. The project involves the development of a 508.17 km long Mumbai-Ahmedabad HSR […]
The 43 km Gurgaon-Pataudi-Rewari National Highway is expected to be completed by March 2025, with 60 per cent of the work already finished. The Wazirpur-Rewari section is on track for completion by December 2024, while […]
North Western Railway is expected to complete the redevelopment of the Gandhinagar (Jaipur) railway station project soon. About two-thirds of the project is already completed. The project involves major upgradation of Gandhinagar railway station of […]
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