13 Jun 2025

Reliance Defence Ltd has entered into a strategic cooperation agreement with German defence firm Diehl Defence to manufacture the Vulcano 155mm Precision Guided Munition system locally. This partnership, part of the 'Make in India' and 'Atmanirbhar Bharat' initiatives, aims to supply cutting-edge artillery shells equipped with advanced targeting technologies to the Indian Armed Forces. The collaboration, which builds upon an earlier pact signed in 2019, reflects Reliance Defence's intent to emerge among the top three private defence exporters in India. The deal includes the setup of a high-tech manufacturing facility in Maharashtra.Read more

11 Jun 2025

Veteran Bollywood actor Jeetendra Kapoor's family-owned firms, Pantheon Buildcon Pvt Ltd and Tusshar Infra Developers Pvt Ltd, concluded a landmark real estate deal involving two adjacent land parcels and built-up assets in Mumbai's Andheri area. The property, spanning nearly 9,665 square metres and including Balaji IT Park's three buildings, was acquired by NTT Global Data Centers & Cloud Infrastructure India Pvt Ltd for INR 855 crore. The transaction was formally registered recently, with stamp duty and registration charges duly settled, marking a significant move in Mumbai's commercial real estate and data centre sectors.Read more

09 Jun 2025

The Greater Noida Industrial Development Authority (GNIDA) has initiated the allotment of 40 industrial plots in key sectors such as Ecotech, Udyog Kendra, and Udyog Vihar, aiming to foster entrepreneurship and industrial growth in the region. These plots, varying in size from 450 to 8,000 square metres, are priced between INR 28,600 and INR 33,950 per square metre. Entrepreneurs can establish units under 242 permitted categories, with certain restrictions on specific industries. Additionally, GNIDA has commenced the bulk land allotment process for a Multi-Modal Logistics Park near Dadri, covering 174.12 acres, to enhance logistics infrastructure.Read more

09 Jun 2025

The Brihanmumbai Electric Supply and Transport (BEST) undertaking has begun reshaping its operational strategy to align with growing demand near Mumbai Metro and railway stations. Over the past week, officials reported a significant increase in short-distance feeder services, especially around key Metro routes like Lines 2A and 7. Instead of running long traditional bus routes, BEST is focusing on improving last-mile connectivity through mini and midi buses. This transition is backed by passenger data insights and is expected to optimise efficiency and reduce travel time for commuters.Read more

06 Jun 2025

The Uttar Pradesh State Industrial Development Authority (UPSIDA) has allotted 113 plots-88 industrial, 2 commercial, and 23 via Nivesh Mitra-across key zones, aiming to attract INR 700 crore in investment and generate 4,800 jobs. Prime locations include Greater Noida, Kosi Kotwan, Varanasi, Unnao, Hapur, and Saharanpur. Notable allocations: Param Industries secured a warehousing plot for INR 36 crore; Shri Vinayak Group won a commercial plot for INR 31 crore; Evertouch Bioremedies will establish a pharma unit. UPSIDA CEO Mayur Maheshwari highlighted that digital, transparent allotments have boosted investor confidence. The move aligns with Uttar Pradesh's vision to become a USD 1 trillion economy, fostering industrial growth, regional parity, and sectoral diversification. More plots will soon be released as UPSIDA advances its industrial infrastructure agenda, positioning the state as a top investment hub.Read more

06 Jun 2025

Shree Cement Ltd has entered into a five-year Memorandum of Understanding with RITES Ltd, a public sector undertaking under the Ministry of Railways, to enhance its railway logistics infrastructure across India. The collaboration aims to facilitate the sustainable and efficient transportation of raw materials and finished products across Shree Cement's manufacturing facilities. As part of the agreement, RITES will provide end-to-end services-ranging from conceptualisation to commissioning-for the development, renovation, and upgrading of rail connectivity. The MoU, which can be extended with mutual consent, also includes regulatory approvals and assistance with contractor selection.Read more

02 Jun 2025

US-based industrial real estate major Panattoni will invest EUR 100 million (approx. INR 900 crore) to expand its presence in India's key industrial corridors. The investment includes Panattoni Park Hosur I, a 25-acre Grade-A industrial and logistics park in Hosur, Tamil Nadu. The park will serve sectors such as e-commerce, 3PL, FMCG, and manufacturing, with Phase 1 offering 550,000 sq. ft. of built-up space. Construction starts in Q3 2025, with completion slated for Q2 2026. The project will incorporate green building and ESG standards. This follows Panattoni's first Indian project, Panattoni Park NH71 in Delhi NCR, launched in 2024. The company's expansion aligns with India's rising demand for modern logistics infrastructure, driven by strong economic growth and government supply chain initiatives. The Hosur project is expected to boost regional economic activity and position Hosur as an emerging logistics hub.Read more

30 May 2025

The South Korean logistics giant CJ Logistics Corporation has increased its footprint in India by investing USD 32 million in CJ Darcl Logistics, its Indian subsidiary. This capital infusion has increased its stake from 51% to 100%, effectively making CJ Darcl a wholly-owned subsidiary. The deal, which involved buying out the stake of Indian promoters, was executed through a rights issue. CJ Darcl, previously a joint venture, had already established itself as one of India's leading logistics firms post CJ's initial investment in 2017. This move is expected to solidify CJ's strategic expansion and operations in India.Read more