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

Kanpur Metro Phase 1 progresses toward 2025 completion, easing city’s transit woes

Vidhi Sangoi

27 Dec 2024

The Kanpur Metro is a public transport initiative designed to modernize commuting in Uttar Pradesh’s industrial and educational hub. Phase 1 encompasses two corridors—the 23.8 km Orange Line and the 8.6 km Blue Line—linking key residential, commercial, and industrial areas. Developed by Uttar Pradesh Metro Rail Corporation (UPMRC) with substantial funding from national and international sources, this project integrates advanced technologies, inclusive station designs, and environmental considerations to reduce traffic congestion, pollution, and travel times. With the initial priority corridor operational since December 2021, ongoing construction, and future expansions under consideration, the Kanpur Metro promises a more sustainable, efficient, and prosperous urban future.Read more

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Noida Metro’s Aqua Line sees 155% ridership growth in five years

Vidhi Sangoi

27 Dec 2024

The Noida Metro’s Aqua Line, operational since January 2019, has become a cornerstone of urban transit for Noida and Greater Noida. Spanning 29.7 km with 21 stations, it connects key residential, commercial, and industrial areas, easing congestion and promoting sustainable growth. Managed by the Noida Metro Rail Corporation (NMRC), the system integrates seamlessly with the Delhi Metro network, linking major corridors through efficient interchange points. Ridership and revenue have grown steadily, prompting plans to extend the network with new corridors and stations. With modern amenities, digital ticketing, and energy-efficient operations, the Aqua Line exemplifies the potential of eco-friendly, accessible public transportation in India’s fast-growing urban centers.Read more

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Guwahati Metro Phase I to span 61.4 km with four corridors at a cost of INR 16,850 crore

Vidhi Sangoi

26 Dec 2024

The Guwahati Metro project is an ambitious plan to introduce a modern rapid transit system to Assam's largest city. Envisioned with four corridors and 54 stations spanning over 61 kilometres, it aims to address escalating traffic congestion and offer a more efficient public transport alternative. Initial costs are estimated at around INR 16,850 crore. While the state government approved a Detailed Project Report (DPR) in 2016, subsequent policy changes led to revisions and further studies, leaving the initiative still in the planning phase as of December 2024. If successfully implemented, the Guwahati Metro could significantly improve travel experiences and support sustainable urban development.Read more

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Indore Metro's Yellow Line: A 33-km loop to boost connectivity across the city

Vidhi Sangoi

26 Dec 2024

The Indore Metro is a cutting-edge mass rapid transit system currently under construction in Madhya Pradesh's largest city. Designed to alleviate traffic congestion and promote sustainable mobility, its first phase centers on the 33.53 km Yellow Line loop with 29 stations. Developed by the Madhya Pradesh Metro Rail Corporation Limited (MPMRCL), the project incorporates both elevated and underground sections, modern CBTC signaling, and air-conditioned trains for passenger comfort. Though delayed by the pandemic and logistical hurdles, trial runs have begun on a 5.9 km priority stretch. Expected to open partially in early 2024, the Indore Metro aims to revitalize urban travel, enhance connectivity, and improve quality of life for residents.Read more

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Mumbai Infrastructure: MMRDA secures traffic nods for metro lines, flyovers, and road projects

26 Dec 2024

In a notable step towards expediting Mumbai's infrastructural advancements, the MMRDA, led by Commissioner Dr. Sanjay Mukherjee, collaborated with traffic authorities to secure 17 pending permissions for nine major projects. Key approvals include permissions for Metro Lines 2B, 6, 7A, and 9, the Sewri-Worli Connector, the Missing Link Flyover, and more. These permissions, facilitated by a strategic meeting with Joint Commissioner of Police (Traffic) Anil Kumbhare, mark a significant milestone for seamless project execution. The approvals will help realise the vision of #MumbaiInMinutes, enhancing the city's public transport and connectivity.Read more

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Mumbai: MMRDA opens 180-metre road to improve BKC traffic flow

26 Dec 2024

The Mumbai Metropolitan Region Development Authority (MMRDA) has opened a new 180-metre signal-free road linking the SEBI Building to Avenue-5, significantly improving traffic flow in the bustling Bandra Kurla Complex (BKC). Completed in just 3.5 months, the project reduces congestion at key junctions and provides seamless connectivity for commuters from the Eastern Express Highway (EEH). The road's initial three lanes are now operational, with the remaining three set to open soon. This development underscores MMRDA's commitment to enhancing urban mobility and supporting BKC's status as a global business hub.Read more

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Tamil Nadu to unveil plan for world-class IT complex in Coimbatore SEZ

PNT Reporter

25 Dec 2024

IT and Digital Services Minister Palanivel Thiagarajan recently announced that officials will prepare a comprehensive plan for a three-million-square-foot IT complex in Coimbatore's ELCOT SEZ within two to three months. The government is securing a real estate marketing firm to ensure top-tier development. Addressing the issue of unused land in ELCOT SEZs, he noted ongoing efforts to reclaim and reallocate these plots to active companies. Highlighting AI's rapid growth, he affirmed immediate job creation in data management while noting its long-term implications. The minister expressed optimism about India's strong position in the global software sector, crediting the nation's skilled talent.Read more

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Lucknow Metro: Phase 1A complete, east-west corridor expansion plans underway

Vidhi Sangoi

25 Dec 2024

The Lucknow Metro has transformed urban mobility in Uttar Pradesh's capital, easing traffic congestion and improving public transport. Managed by UPMRC, it began with Phase 1A, a 22.88 km Red Line connecting key locations like the airport, Charbagh, and Munshipulia through 21 stations. Operational since 2019, it features modern technology, including CBTC signaling, 750 V DC power, and universal design for accessibility. The system supports high-frequency operations, offering amenities like Wi-Fi and UV sanitization. With daily ridership exceeding 1.3 lakh in 2024, the metro plans an 11.165 km East-West Corridor expansion, enhancing connectivity and supporting sustainable urban growth.Read more

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Film producer Madhu Mantena purchases three apartments in Juhu, Mumbai for INR 25.75 crore

25 Dec 2024

Indian film producer and entrepreneur Madhu Mantena has recently expanded his business portfolio by acquiring three luxury apartments in Juhu, Mumbai, valued at INR 25.75 crore. Located within the prestigious Jeevan Estates co-operative housing society, these properties were registered under Mantena's company, Big Bang Mediaverse Private Limited. The largest of the three apartments spans 1,550 sq ft, purchased for INR 10.95 crore, while the other two cover areas of 1,250 sq ft and 851 sq ft, valued at INR 8.8 crore and INR 6 crore, respectively. The transactions were completed in December 2024, with each property incurring registration charges of INR 30,000.Read more

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Mumbai: SCLR extension to ease east-west connectivity by 2025

24 Dec 2024

Mumbai's key infrastructure projects, including the widening of Hans Bhugra Road and the extension of the Santacruz-Chembur Link Road (SCLR), are progressing despite several setbacks. The Brihanmumbai Municipal Corporation (BMC) has transferred INR 16 crore to the Defence Ministry to acquire land for the road widening project, aimed at easing traffic congestion in Santacruz. Meanwhile, the SCLR extension, which began in 2016, is gaining momentum, with work on the cable-stayed bridge moving forward. These developments promise to improve Mumbai's east-west connectivity, easing congestion and benefiting commuters.Read more

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