26 Aug 2025

On Gadchiroli's 43rd foundation day, Maharashtra Chief Minister Shri Devendra Fadnavis pledged to transform the district into a development hub, highlighting progress in reducing Maoist influence and boosting infrastructure, education, and employment. He noted that nearly half the district is now Maoism-free, with initiatives like Police Dadalora Khidki helping tribal communities access government schemes. Plans include turning Gadchiroli into India's "steel city" with INR 1 lakh crore investments from companies like Lloyds Metals and JSW in Surjagarh's iron ore reserves. Education reforms include affiliating colleges with Gondwana University and launching the Ek Gaon, Ek Granthalaya scheme, establishing 71 libraries for 8,000 students.Read more

26 Aug 2025

The Housing and Urban Development Corporation (HUDCO) will raise up to INR 3,000 crore through non-convertible debentures (NCDs) via private placement, as part of its plan to mobilize INR 65,000 crore in FY 2025-26. Backed by strong Q1 FY26 results, HUDCO reported a 13% rise in consolidated net profit to INR 630.23 crore and a 34% jump in total income to INR 2,945.47 crore. Loan sanctions more than doubled to INR 34,224 crore, with disbursements hitting a record INR 12,812 crore. With a loan book of INR 1.34 lakh crore, HUDCO aims to channel fresh funds into housing and infrastructure projects under schemes like PMAY and Smart Cities.Read more

26 Aug 2025

Kerala Chief Minister Shri Pinarayi Vijayan laid the foundation stone for the Adani Group's new logistics park in Kalamassery, Kochi, a project with an initial investment of over INR 600 crore. The park, which will span 70 acres and cover 13 lakh square feet, is a significant outcome of the Invest Kerala Global Summit and a pivotal step in the state's drive to become an industrial hub. It is also a key component of Adani's broader multimodal logistics network in the region, which includes the Vizhinjam Port. The project is expected to create over 1,500 jobs and modernize the state's supply chain infrastructure.Read more

25 Aug 2025

The Greater Bengaluru Authority (GBA) is preparing to start operations early next month, marking the official replacement of the Bruhat Bengaluru Mahanagara Palike (BBMP). Bengaluru will be divided into five municipal corporations East, West, North, South, and Central with offices assigned from existing government properties. BBMP headquarters will become the Chief Minister's office as GBA Chairperson, and the Urban Development Minister will operate from the former Deputy Mayor's office. Revenue, liabilities, staff, and administrative zones are being redistributed across the new corporations, guided by draft orders and public feedback submitted recently, ensuring a smooth transition.Read more

25 Aug 2025

Reliance Infrastructure has finalised the monetisation of its Pune-Satara Toll Road project by transferring full ownership of PS Toll Road Pvt Ltd to Singapore-based Cube Highways and Infrastructure III. The agreement is valued at an enterprise value of around INR 2,000 crore. Reliance Infra will receive equity proceeds of INR 600 crore and reduce consolidated debt by INR 1,400 crore through the transaction. The move is in line with the company's strategy to unlock value from non-core assets, maintain financial discipline, and focus on its long-term business areas.Read more

25 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) recently carried out demolition drives in Airoli and Koparkhairane against unauthorized constructions that continued despite prior notices. Acting under the Maharashtra Regional and Town Planning Act, 1966, the Encroachment Department removed illegal structures, imposed fines, and deployed manpower and equipment for the operations. The drives were conducted under the supervision of senior officials, with support from the local police. Authorities indicated that such anti-encroachment actions will continue more strictly going forward.Read more

25 Aug 2025

Current Infraprojects Limited, an infrastructure and EPC service provider, is set to launch its Initial Public Offering (IPO) on Tuesday, August 26, 2025, to raise approximately INR 41.80 crore. The company proposes to list on the NSE Emerge platform, a move that capitalizes on a specialized market for small and medium-sized enterprises. The net proceeds from the IPO will be primarily used to fund a 1800 KW solar plant at IIT (Indian School of Mines), Dhanbad, under the RESCO business model, and to meet working capital requirements for its diverse portfolio of projects.Read more

25 Aug 2025

Tembo Global Industries Ltd has successfully raised INR 316.7 crore through a mix of preferential equity and share warrants to fund its aggressive growth strategy. The capital infusion, which saw strong participation from promoters and strategic partner Mohammed Abdul Nayeem of Saudi Arabia's Masah Construction, will be used to scale up the company's EPC operations and accelerate its recent foray into the high-potential defence manufacturing and infrastructure sectors. This move aligns the company with the Indian government's 'Make in India' and 'Atmanirbhar Bharat' initiatives, positioning it as a key player in the nation's industrial build-out.Read more

24 Aug 2025

The Trichy Corporation has launched a INR 2 crore project to upgrade 3,250 streetlights from 20-watt to 40-watt LEDs across residential areas, following complaints about poor visibility and safety concerns. Around 650 lights will be replaced in each of the city's five zones, with work to be completed in phases over the coming months. The 20-watt LEDs, installed in 2018 during the city's shift from sodium and fluorescent lamps, are now inadequate due to urban growth and rising traffic. Each ward will get 50 brighter lights, prioritizing junctions and busy streets, while 20-watt LEDs will remain on narrower roads to balance costs.Read more

24 Aug 2025

Severe flooding on a 1.5-km stretch of railway track in Vasai, which disrupted train services on the Virar-Churchgate route, was caused by rampant and unplanned construction in the Vasai-Virar area, according to the Western Railway (WR). The construction on salt pan lands, mangroves, and waterholes, along with choked culverts, has led to rainwater and water from the Pelhar dam overflowing onto the tracks. Despite similar flooding in 2018 and a subsequent report from NEERI and IIT-Bombay, the recommended solutions have not been implemented by the authorities, leading to repeated disruptions.Read more

24 Aug 2025

The Supreme Court has upheld a Kerala High Court order suspending toll collection for four weeks on the 65-km Ernakulam-Mannuthy stretch of NH-544, setting an important precedent for road accountability. Chief Justice B.R. Gavai and Justice K. Vinod Chandran ruled that citizens cannot be forced to pay tolls amid traffic jams, poor service roads, and potholes, stressing that user fees must guarantee safe, unhindered access. The Court noted, "The toll is really on the purse and patience of the citizen." Rejecting NHAI's appeal, the judgment underscores a citizen-centric approach, tying toll rights directly to the quality of road services provided.Read more

24 Aug 2025

The Navi Mumbai Municipal Corporation's Environmental Laboratory, certified under ISO 9001:2015, has introduced a new digital monitoring system for water quality testing. The 'e-System Water Sample Inspection Report and Monitoring System' (WQMS) was launched by Municipal Commissioner Dr. Kailash Shinde earlier this week. The laboratory already tests drinking water, wastewater, and private samples, and with this system the entire process from collection to reporting has become digital and transparent. The Commissioner also advised seeking NABL accreditation and expanding testing to cover food vendors. The system improves accuracy, tracking, and accessibility of water-quality data for both officials and citizens.Read more

24 Aug 2025

Bihar Chief Minister Shri Nitish Kumar conducted an on-site inspection of the Patna Metro Rail Project, emphasizing the need for quality construction and timely completion. He reviewed key facilities, including the Bairiya terminal and Zero Mile station, both nearing completion. The Bairiya terminal is set to serve as a maintenance and operational hub, while the Zero Mile station will offer modern passenger amenities. The CM directed officials to expedite the work and ensure efficient project execution.Read more

23 Aug 2025

Navi Mumbai Municipal Corporation (NMMC), in collaboration with Project Mumbai, launched a large-scale plastic collection and recycling initiative during Independence Day celebrations. The drive, held under the theme 'Every Home - Plastic Free', received strong participation from schools, housing societies, and offices. A total of 141 kg of plastic was collected from 14 centers, which will be recycled into usable public items. The initiative also introduced a weekly plastic and e-waste collection program, aiming to build long-term habits of responsible disposal and reduce landfill waste in the city.Read more

23 Aug 2025

India's eight core infrastructure sectors witnessed a sharp slowdown in growth, expanding only 2% in July 2025, compared to 6.3% in the same month a year ago. The latest government data showed that production was weighed down by declines in key segments such as coal, crude oil, natural gas, and refinery products. In June 2025, the sectors had reported a 2.2% growth rate. For the April-July period of the current fiscal year, the combined growth stood at 1.6%, a significant fall from 6.3% recorded during the same time last year.Read more

22 Aug 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) and Maha Mumbai Metro (MMMOCL) have announced a series of measures following a recent monorail incident to strengthen passenger safety. Short-term steps focus on regulating passenger load, adding security staff and technicians onboard, marking emergency windows, improving safety signage, and conducting full inspections across the fleet. For the long term, MMRDA has already procured ten new monorail rakes, with seven under trial and certification before joining regular service. No passenger injuries were reported in the incident, and evacuation was carried out smoothly with help from emergency services.Read more

22 Aug 2025

The Karnataka High Court has ordered the state government to create a unified Geographic Information System (GIS) platform to digitally map all land parcels and forest boundaries. The new system will use high-resolution satellite imagery from organizations like the Forest Survey of India (FSI) and the Indian Space Research Organisation (ISRO). This platform is intended to streamline land applications, prevent the registration of parcels involved in disputes, and help resolve conflicts between government departments.Read more

22 Aug 2025

In a major push for transparency and efficiency, the Jaipur Development Authority (JDA) has launched a fully digital and paperless system for the issuance of leases and lease deeds. The new online platform allows citizens to complete the entire process from home, utilizing Aadhaar-based e-KYC and digital signatures. This initiative is aimed at streamlining services and eliminating the need for in-person visits to the JDA office, making the authority's services more accessible to the public.Read more

22 Aug 2025

The Karnataka Assembly has passed a new bill to regularize certain building violations by raising the permissible threshold for deviations from 5% to 15%. This legislation empowers municipal commissioners to penalize and regularize unauthorized constructions, and it also decentralizes the process for smaller plots by granting authority to professional architects and engineers. The bill, which is intended to provide relief to thousands of property owners, particularly those from middle- and lower-income groups, also simplifies the process for obtaining utility connections for small plots.Read more

22 Aug 2025

Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt. Ltd., has completed a bond issue worth INR 820 crore through privately placed non-convertible debentures. The issue was split into two tenors, with bonds maturing in about three and a half years at a coupon of 6.93% and in ten years at 7.3015%. With this, fixed-rate borrowings now account for over 33% of the trust's obligations. The proceeds will mainly go towards repayment of existing borrowings. Backed by a strong investor base, the issue has received AAA/Stable ratings from leading credit rating agencies.Read more