The central government has allowed the Krishnapatnam Port in Andhra Pradesh to import petroleum into India by sea. As per the notification by the Ministry of Ports, Shipping and Waterways, the port has been allowed […]
Fairfax India is to reportedly acquire an additional 10 per cent stake in Bangalore International Airport Limited (BIAL) from Siemens Project Ventures in a transaction valued at $255 million. The transaction is expected to be […]
Vodafone Group Plc has completed its exit from Indus Towers by divesting a 3 per cent stake in the company for approximately Rs 28 billion through a block deal. The telco indicated that the proceeds […]
The four listed real estate investment trusts (REITs), distributed in aggregate Rs 27.54 billion to the unitholders in the first half (H1) 2024-25. The disbursement recoded an increase of 14 per cent increase from Rs […]
The Reserve Bank of India (RBI) slashed cash reserve ratio (CRR) by 50 bps to 4 per cent in monetary policy commitee (MPC) meeting December 2024. The repo rate remained unchanged at 6.5 per cent […]
The government of Karnataka has sanctioned Rs 2 billion for the construction of a 600 m long bridge across the Nethravati River, connecting Kotepura in Ullal, Mangaluru constituency, to Bolar in Mangaluru City. This new […]
The union government approved the Rithala-Narela-Kundli corridor under the Delhi metro project phase IV on December 6, 2024. The project involves extension of the Rithala-Bawana-Narela corridor of the Delhi Metro to Kundli in Haryana. It […]
The government of Karnataka (GoK) approved the Bengaluru metro project phase III A on December 6, 2024. The project involves construction of corridor III of Bengaluru metro rail project phase-III which is a 36.59 km […]
The Ministry of Coal has launched the 11th round of commercial coal mine auctions, offering 27 coal blocks across Jharkhand, Odisha, Chhattisgarh, Maharashtra, Madhya Pradesh, and Arunachal Pradesh, including one coking coal mine. These blocks […]
National High Speed Rail Corporation Limited (NHSRCL) laid the first base slab of the Mumbai station under the Mumbai-Ahmedabad high-speed rail (HSR) corridor project. A total of 69 such slabs are expected to be laid […]
According to Indian Ports Association (IPA), the Indian major ports handled 67.53 million tonnes (mt) of cargo traffic in November 2024, compared to 71.05 mt in November 2023, registering a decline of 4.95 per cent. […]
The Commissioner of Railway Safety (CRS) conducted a safety inspection on the 4.8 km long Anpara road-Anpara rail section of the Karaila road-Shaktinagar doubling project. With this, the entire project stands completed. The project involved […]
On December 5, 2024, the Rajya Sabha passed the Bharatiya Vayuyan Vidheyak 2024, in a move to replace the Aircraft Act 1934. The Bharatiya Vayuyan Vidheyak 2024 aims to strengthen the regulatory framework in India, […]
The Madhya Pradesh cabinet has approved a Rs 23.12 billion road infrastructure project to enhance connectivity between Ujjain and Indore ahead of the Simhastha Kumbh Mela in 2028. The plan includes a Rs 7 billion, […]
Tunnel boring machine (TBM) S115 has achieved final breakthrough at Agra College station for package AGCC-02 under Agra metro rail project phase I. It was commissioned at Raja ki Mandi station and travelled for 534 […]
Jawaharlal Nehru Port Authority (JNPA) handled 7.63 million tonnes (mt) of cargo volume in November 2024, an increase of 12.34 per cent as compared to November 2023. Besides, the port recorded 596,844 twenty- foot equivalent […]
Megha City Gas Distribution Private Limited has inaugurated its online compressed natural gas (CNG) station at Sadashivnagar in Tumkur, Karnataka. With this, Megha Gas has 10 CNG stations in Tumkur district. Petroleum and Natural Gas […]
The North Central Railway is expected to prepare the detailed project report (DPR) for the Etawah-Birlanagar rail line doubling project soon. The project involves doubling of the existing rail line between Etawah to Birlanagar stations […]
The Faridabad Metropolitan Development Authority (FMDA) is set to prepare a detailed project report (DPR) regarding the reuse of the treated water from the sewage treatment plants (STP) for horticulture purposes. The DPR is expected […]
Suzlon Energy Limited and Jindal Renewables have expanded their partnership with an additional 302.4 MW wind power project in Karnataka’s Koppal region, increasing the total capacity of their collaboration to 702.4 MW. Suzlon will supply […]
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