24 Apr 2026

JSW Steel has approved a 50:50 joint venture with South Korea-based POSCO to develop a 6 million tonne per annum (MTPA) integrated steel plant in Odisha. The project will be executed through Saffron Resources, a JSW subsidiary holding 887 acres of land. As part of the agreement, POSCO will invest INR 508.8 crore via share subscription. The proposed plant will focus on high-grade steel production, particularly for automotive and industrial applications, while strengthening technology access and manufacturing capabilities through this strategic partnership.Read more

23 Apr 2026

The Indian Air Force has initiated a court of inquiry following a hard landing involving a Sukhoi-30MKI aircraft at Pune Airport, which temporarily disrupted flight operations. The incident, attributed to a possible technical issue in the aircraft’s undercarriage, led to runway blockage and forced authorities to suspend operations overnight. As a result, 12 incoming flights were diverted and 73 services cancelled. Operations resumed the following morning after clearance and safety inspections. Investigations are examining multiple factors, including technical faults and landing parameters. The development highlights operational sensitivities at dual-use airports, where military and civilian aviation share infrastructure, often amplifying the impact of such incidents on commercial air traffic.Read more

23 Apr 2026

Mumbai International Airport Limited has imposed a penalty of INR 10 lakh on AI Airport Services Limited after a ground handling incident led to damage of a Gulf Air aircraft at Mumbai airport. The incident occurred earlier this month when a detached dolly struck a parked aircraft, resulting in it being declared Aircraft on Ground (AOG). The airport operator cited reputational damage, revenue loss and operational disruption as key impacts. MIAL has also indicated it may seek additional compensation for losses arising from the incident, which affected airport operations and capacity utilisation.Read more

23 Apr 2026

Nippon Express Holdings has signed an agreement to acquire Canada-based Metro Supply Chain Group in a deal valued at CAD 1.8 billion, marking the largest acquisition in the company’s history. The transaction includes a potential earnout of up to CAD 400 million, subject to performance targets. Metro operates across Canada, the United States and the United Kingdom, offering third-party logistics services across multiple sectors. The acquisition is aimed at strengthening Nippon Express’ presence in North America and expanding its end-to-end logistics capabilities. The deal aligns with the company’s long-term strategy to scale its global operations under its “Dynamic Growth 2.0” management plan.Read more

23 Apr 2026

Vedanta Ltd has approved May 1 as the effective and record date for its proposed demerger, under which its aluminium, power, oil and gas, and iron ore businesses will be spun off into four separately listed entities. Shareholders will receive equity in each new entity in a 1:1 ratio. The restructuring includes the creation of Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas, and Vedanta Iron and Steel. The move forms part of a broader reorganisation aimed at simplifying the corporate structure and enabling independent business operations. The company had earlier extended the overall demerger timeline to the end of June, pending regulatory approvals.Read more

23 Apr 2026

The Maharashtra home department has been evaluating a recently cleared slum land parcel in Deonar, Mumbai, for developing a new prison facility. The land, which has been freed after rehabilitation and related redevelopment activity, is being studied as a possible site for the city’s third jail due to increasing pressure on existing correctional facilities. The proposal comes amid earlier challenges in identifying suitable urban land, including issues related to marshy terrain, transport connectivity, and CRZ restrictions at alternative locations. The plan is still at the consideration stage, with multiple departments reviewing feasibility and land reservation requirements.Read more

23 Apr 2026

Maha Metro has made it mandatory to obtain a No Objection Certificate before starting any construction, excavation, or utility-related work within 20 metres of Pune Metro tunnels and viaducts. The decision has been taken after recent incidents of unauthorised digging that led to structural damage near metro infrastructure. The rule applies to builders, developers, housing societies, and government agencies. Activities such as borewell drilling, foundation work, and laying of utility lines are included. Authorities have warned of strict legal action and recovery of damages for violations.Read more

23 Apr 2026

Air India plans to complete retrofitting of eight legacy Boeing 787-8 aircraft within the current year as part of its fleet modernisation programme. The airline has already inducted its first upgraded aircraft, featuring a three-class configuration with business, premium economy and economy seating. The retrofit programme covers 26 legacy Boeing 787-8 planes, forming a key part of Air India’s long-haul operations. The airline expects to complete 85 per cent of the upgrades by 2027, with full completion targeted by early 2028. The initiative is part of the Tata Group-owned carrier’s broader transformation strategy to improve customer experience and operational efficiency.Read more

23 Apr 2026

Adani Enterprises Limited has incorporated three wholly owned subsidiaries through its step-down unit Adani Airport City Limited to drive real estate and hospitality development across key airport locations. The new entities—Adani Navi Mumbai Airport City, Adani Guwahati Airport City and Adani Ahmedabad Airport City—will undertake construction and operate hotels with integrated facilities such as restaurants, banquets and business centres. Each entity has been set up with a paid-up capital of INR 10 lakh. The move aligns with the group’s broader airport city expansion strategy and its planned USD 15 billion investment to scale airport infrastructure and associated developments.Read more

23 Apr 2026

Haryana is evaluating the introduction of the Glydways pod taxi system to improve urban transport in high-density cities. The proposal was discussed with Suzuki Motor Corporation and Glydways, focusing on feasibility, route planning, and funding through a PPP model. Gurugram has been identified as a likely starting point due to rising congestion. The system uses small, driverless pods on dedicated tracks and is expected to reduce travel time and emissions. The plan also aligns with the central government's Urban Challenge Fund aimed at supporting innovative mobility solutions.Read more