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%

Top Stories

Kashmir infrastructure boost: Z-Morh tunnel and USBRL project near completion

15 Jan 2025

The Z-Morh tunnel, connecting Gagangir to Sonamarg, is set to be inaugurated soon, marking a major milestone in improving Kashmir's connectivity. Reducing travel time to 15 minutes, the 6.5-km tunnel ensures Sonamarg remains accessible year-round, boosting tourism. Coupled with the upcoming Zoji-La tunnel, seamless connectivity between Srinagar and Leh will further enhance regional infrastructure. The Indian Railways has also made strides with the USBRL project, featuring the Chenab Bridge and advanced seismic technology, alongside plans for a Vande Bharat train tailored for Kashmir's conditions. Despite delays from security concerns, these initiatives promise improved accessibility, economic growth, and strategic resilience for the region.Read more

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Mumbai: MCZMA approves 1.5-km Manori-Marve cable-stayed bridge as BMC tackles ecological impact

14 Jan 2025

The Maharashtra Coastal Zone Management Authority (MCZMA) has approved a 1.5-km, four-lane cable-stayed bridge connecting Manori, Gorai, and Uttan with Marve. Currently, motorists must detour 29 km via Mira Bhayander, taking up to two hours during peak traffic. The project will require removing 45 mangrove trees, with compensatory planting in Palghar mandated at three times the affected area. Local residents and environmentalists have raised concerns about ecological damage and threats to livelihoods in villages like Dharavi Beth and Gorai. The bridge is part of the BMC's plan to construct six major western suburban bridges, aimed at easing traffic on SV Road, Link Road, and the Western Express Highway.Read more

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Thane: RLDA partners with TMC to transform Thane railway station into a multi-modal transit hub

14 Jan 2025

The Rail Land Development Authority (RLDA), in collaboration with the Thane Municipal Corporation (TMC), is advancing plans for a multi-modal transit hub at Thane railway station's eastern side. As part of the Station Area Traffic Improvement Scheme (SATIS)-E, an 11-storey commercial building will be developed, integrating facilities like parking, bus movement, and leasable airspace for commercial use. This initiative aims to address traffic congestion while enhancing connectivity with the Eastern Expressway through a circular elevated road. The project continues the success of the first SATIS initiative in Thane West, completed in 2010, which improved local traffic flow.Read more

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Nashik Metro Neo: India's first rubber-tyred metro to redefine urban transit

Vidhi Sangoi

14 Jan 2025

The Nashik Metro Neo, India's first rubber-tyred electric coach system, aims to transform urban mobility in Nashik by 2025. Designed for cities with populations up to 2 million, this energy-efficient and cost-effective transit system blends metro-like efficiency with bus rapid transit flexibility. Managed by Maha-Metro, it features two corridors-Corridor 1 (22.5 km, 19 stations) and Corridor 2 (10 km, 10 stations)-connecting industrial zones, residential areas, and key city landmarks. With an estimated cost of INR 2,100.6 crore and funding from the Government of India, Maharashtra, and international institutions like ADB, Metro Neo promises to reduce congestion, lower pollution, and set a benchmark for mid-sized cities nationwide.Read more

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Coimbatore Metro: Land acquisition process to commence in March for phase one

13 Jan 2025

The Coimbatore Metro Rail project advances as land acquisition surveys are slated to begin in March 2025. Covering 34.8 kilometers across two corridors, the project will connect Ukkadam to Neelambur and Coimbatore Junction to Valiyampalayam. Officials from Chennai Metro Rail Limited and local authorities are collaborating to align the metro route, integrate with bus stands, and ensure minimal disruption. Land along Avinashi Road and Coimbatore-Sathyamangalam Road is prioritized in phase one. Inspections and community engagement are underway to address public concerns. Expected to boost connectivity and economic growth, the project marks a pivotal step in modernizing Coimbatore's transport infrastructure.Read more

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Varun Dhawan invests INR 86.92 crore in luxury apartments in Juhu, Mumbai

13 Jan 2025

Bollywood actor Varun Dhawan has made notable real estate investments, acquiring two luxury apartments in Juhu's "Twenty by DDecor" complex for INR 86.92 crore. The sixth-floor apartment, purchased with his mother, Karuna Dhawan, cost INR 42.40 crore, while the seventh-floor unit, acquired with his wife, Natasha, was priced at INR 44.52 crore. These purchases highlight a growing trend among Bollywood stars investing in Juhu, Mumbai's upscale neighborhood. Recent high-profile acquisitions, including Madhu Mantena's INR 25.75 crore investment in Jeevan Estates, reflect rising demand for properties in the area, driven by its beachfront appeal and premium location, ensuring strong returns for celebrity buyers.Read more

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Metro line 3 from BKC to Worli to launch in 100 days boosting Mumbai's connectivity

10 Jan 2025

Deputy Chief Minister Eknath Shinde announced that Mumbai's Metro Line 3, connecting Bandra Kurla Complex (BKC) to Worli, will commence operations within 100 days. Reviewed by Chief Minister Devendra Fadnavis, the INR 14,120 crore Aqua Line project spans 10 stations, enhancing connectivity between Mumbai's business district and suburbs. Expected to serve 1.3 million daily commuters, this development aligns with broader transport improvements, including the pod taxi system in BKC. Fadnavis emphasized operational acceleration, targeting 50 km of metro lines annually from next year. These initiatives aim to reduce congestion, support economic growth, and transform Mumbai into a global financial hub.Read more

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Mumbai-Ahmedabad High-Speed Rail will transform connectivity with INR 1.1 lakh crore investment

Vidhi Sangoi

10 Jan 2025

The Mumbai-Ahmedabad High-Speed Rail (MAHSR) project, India's first bullet train initiative, spans 508 km and is backed by INR 1.1 lakh crore ($15 billion) in investment, including a INR 88,000 crore loan from Japan at 0.1% interest. Connecting Mumbai to Ahmedabad via 12 stations, including Surat and Vadodara, the project cuts travel time to 2-3 hours with speeds up to 320 km/h. Set for full operation by 2028, it has achieved 100% land acquisition and advanced construction in Gujarat. Despite delays, it promises over 36,000 jobs, regional connectivity, and economic growth, marking India's entry into high-speed rail.Read more

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Hyderabad Metro Phase 2 progresses as property owners receive rehabilitation packages

10 Jan 2025

Hyderabad's Metro Phase 2 expansion achieved a key milestone with the distribution of INR 20 crore in compensation to 41 property owners in the Old City. Transport Minister Ponnam Prabhakar and MP Asaduddin Owaisi led the cheque distribution, marking progress on the seven-and-a-half-kilometre stretch of Corridor-6, estimated at INR 2,741 crore. Authorities determined a compensation rate of INR 81,000 per square yard, with additional rehabilitation benefits under the Relief and Rehabilitation Act. Chief Minister Revanth Reddy instructed officials to expedite the project, expected to enhance connectivity to iconic locations like Charminar. Groundwork, including barricade installation and utility relocation, is underway.Read more

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Hyderabad Metro Phase-2 to link outskirts: Paradise-Medchal and JBS-Shameerpet routes

09 Jan 2025

Telangana Chief Minister A. Revanth Reddy has greenlit Metro Rail expansions to Hyderabad's outskirts, targeting Medchal and Shameerpet with 45 kilometers of new routes. The proposed corridors-23 km from Paradise to Medchal and 22 km from JBS to Shameerpet-aim to ease traffic and boost connectivity in growing areas like Bowenpelly, Kompally, and Kharkhana. Hyderabad Airport Metro Limited (HAML) will submit Detailed Project Reports within three months, aligning with the state's Phase-2 Metro plans. The expansion promises reduced commute times, economic growth, and environmental benefits, enhancing public transport for North Hyderabad's rapidly developing neighborhoods.Read more

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