SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Infrastructure

Ghaziabad ITMS project ready but launch delayed over inauguration

Ghaziabad News Desk

03 Feb 2026

Ghaziabad's Integrated Traffic Management System (ITMS), developed under the Smart City initiative, is fully complete but has not started operations due to delays in the official inauguration. Initially set to open in mid-December and later postponed to mid-January, the project remains inactive. Funded with INR 53 crore, it features cameras at 78 key junctions for traffic monitoring and violation detection. The municipal authorities have planned a local inauguration soon, while the formal ceremony will follow later. Political leaders have criticised repeated delays, noting public inconvenience and the taxpayer-funded nature of the project.Read more

cover photo

India launches first mega shipbuilding cluster in Tamil Nadu through new SPV

03 Feb 2026

India has established its first mega shipbuilding cluster at Thoothukudi under a special purpose vehicle named National Shipbuilding & Heavy Industries Park, Tamil Nadu (NSHIP, TN), formed as an equal joint venture between V O Chidambaram Port Authority and SIPCOT. The project falls under the Union Cabinet-approved Shipbuilding Development Scheme worth INR 19,989 crore and features plug-and-play infrastructure across 2,000 acres with 2 km of waterfront. It aims to enhance commercial shipbuilding capacity, support industrial growth, generate large-scale employment, and build a self-reliant maritime ecosystem with globally competitive capabilities.Read more

cover photo

Kolkata Metro Blue Line improves punctuality after CRS allows temporary track switch

Kolkata News Desk

03 Feb 2026

Kolkata Metro has stabilised Blue Line operations following a temporary approval from the Commission of Railway Safety (CRS) to allow trains to switch tracks at Kavi Subhash station. The southern terminal had been partially closed after cracks were detected in platform-supporting piers, forcing Shahid Khudiram station to act as the terminal despite lacking a crossover. Previously, trains could not depart Shahid Khudiram before the previous train completed its turnaround at Kavi Subhash, causing delays. With 172 daily trains now able to switch tracks efficiently, operational accuracy has reached around 98 per cent, improving commuter reliability.Read more

cover photo

Chandigarh asked to fund half of Baltana rail underpass as land acquisition nears completion

03 Feb 2026

The Baltana railway underpass project at Raipur Kalan-Harmilap Nagar level crossing (RUB-123) has reached the final stage of land acquisition, moving closer to construction. Notifications under Sections 19 and 20 of the 2013 Land Acquisition Act have been issued, completing the last legal requirement. The Ambala railway division has requested Chandigarh to pay its 50 % share of the INR 12.81 crore project cost to start tendering. Local leaders and community groups have actively followed up with officials to ensure funding is released promptly and construction begins without delays.Read more

cover photo

Six-lane underpass at Bakhtawar Chowk in Gurugram to ease congestion soon

Gurugram News Desk

03 Feb 2026

The Gurugram Metropolitan Development Authority (GMDA) is moving forward with the construction of a six-lane underpass at Bakhtawar Chowk to reduce traffic congestion on the busy Subhash Marg corridor. The project has been allocated INR 80 crore and will span about 550 metres, including two surface lanes for local traffic. It is being coordinated with the Sector 47 metro station on the Millennium City Centre-Cyber City corridor. The underpass replaces an earlier flyover plan and reflects years of planning to streamline vehicle movement in the area.Read more

cover photo

Government panel recommends Indian railways stagger station redevelopment and align spending with revenue

02 Feb 2026

A high-level government panel has urged Indian Railways to adopt a staggered approach to station redevelopment projects, suggesting that spending be linked more closely to revenue and financial capacity. This recommendation comes amid efforts to prioritise funds for strategic rail corridors and core infrastructure, ensuring that major redevelopment initiatives do not strain resources or distract from key network enhancements. The panel's advice emphasises phasing large-scale station projects over a longer period rather than pursuing simultaneous, costly upgrades. By aligning redevelopment expenditure with actual revenue generation and financial planning, Indian Railways can better balance modernisation aims with fiscal sustainability. The proposal reflects a broader focus on long-term programme development and efficient allocation of capital within the rail sector, allowing core transport corridors to receive priority funding.Read more

cover photo

Boeing and Ben-Gurion University set up aviation cybersecurity research centre in Israel

02 Feb 2026

Boeing and Ben-Gurion University of the Negev (BGU) have launched a five-year collaboration worth over USD 10 million to establish an Aviation Cybersecurity Research Centre in Beersheba, Israel. The centre will focus on cybersecurity for advanced aviation and aerospace systems, including autonomous, digital and connected technologies. The initiative will develop secure communication systems, resilient platforms, and advanced security frameworks while training the next generation of experts. The collaboration leverages BGU's established research ecosystem and aims to strengthen both Israeli and global aerospace cybersecurity capabilities.Read more

cover photo

Auto industry welcomes customs duty relief for lithium batteries, sees boost to EV ecosystem

02 Feb 2026

Automobile industry bodies have welcomed provisions in the Union Budget 2026-27 that extend customs duty exemptions on capital goods and components used in lithium-ion battery manufacturing, stating that the measures will support the growth of India's electric vehicle ecosystem. Industry representatives said the continued duty relief, along with higher capital expenditure and allocations for electric buses, would strengthen domestic manufacturing, improve affordability and provide long-term policy stability. The sector also welcomed the government's focus on infrastructure development, clean mobility, rare-earth supply chains and manufacturing-led growth. Industry leaders noted that the measures would help stabilise supply chains, support MSMEs and position India as a competitive manufacturing and sourcing hub amid global economic uncertainty.Read more

cover photo

JDA allots land for Jaipur Metro Phase-1C, clearing path for Badi Chaupar–Transport Nagar extension

02 Feb 2026

The Jaipur Development Authority (JDA) has approved land allotment for the upcoming Jaipur Metro Phase-1C extension, a 2.85-km stretch running from Badi Chaupar to Transport Nagar via Galta Gate. This decision by the Authority's land and property disposal committee clears a significant hurdle in advancing metro expansion in the historic city, as 7,700 sqm of land has been earmarked for the project. To facilitate the use of forest department land along the alignment, JDA will conduct a land swap, allotting 2.01 hectares in Daulatpura village, Amer tehsil to the forest department in exchange. The extension includes an underground station at Ramganj Chaupar and an elevated station at Transport Nagar, bringing much-needed urban transit deeper into Jaipur's dense central areas and improving connectivity. Officials highlight that this step accelerates preparations for construction activity and supports broader transport and real-estate development goals in the city.Read more

cover photo

Central infrastructure projects see INR 5.42 lakh crore cost escalation, transport sector dominates pipeline

02 Feb 2026

Infrastructure projects with an individual value of over INR 150 crore have collectively recorded cost overruns amounting to INR 5.42 lakh crore, according to a government monitoring report released earlier this week. The revised cost of 1,392 ongoing central sector projects has risen to INR 35.10 lakh crore, compared to their original estimated outlay of INR 29.68 lakh crore. Data published by the Ministry of Statistics and Programme Implementation (MoSPI) shows that more than half of the revised project cost has already been incurred, indicating significant progress despite cost pressures. The transport and logistics segment accounts for the largest share of projects and investment value, highlighting continued policy emphasis on connectivity-led infrastructure expansion. The findings are based on disclosures made through the newly launched PAIMANA digital monitoring portal.Read more

cover photo