24 Mar 2026

Indian Bank has successfully raised INR 50 billion through the issuance of 10-year infrastructure bonds, with a coupon rate of 7.15%. The fundraising saw participation from investors through bids invited earlier during the day. The bonds carry AAA ratings from domestic credit rating agencies, indicating strong credit quality. Infrastructure bonds are typically used by banks to fund long-term projects while also benefiting from regulatory advantages. This issuance aligns with the broader trend of public sector banks tapping debt markets to support credit growth and infrastructure financing needs.Read more

24 Mar 2026

Patel Engineering Ltd has secured a contract worth INR 230 crore for pre-construction works of the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan. The project is being developed by Dorjlung Hydro Power Ltd, a joint venture between Druk Green Power Corporation and Tata Power Company Ltd. The award marks the first package of work under the project, which is being developed under a public private partnership model. The hydropower project is expected to support Bhutan's domestic energy requirements while enabling export of surplus electricity to India. The contract reflects continued participation of Indian infrastructure firms in cross-border energy projects in the region.Read more

24 Mar 2026

The Supreme Court has allowed the Brihanmumbai Municipal Corporation (BMC) to remove more than 45,000 mangroves for the proposed Versova-Bhayandar coastal road project in north Mumbai, which carries an estimated cost of INR 18,263 crore. The decision, delivered in the past week, upholds earlier approvals while directing the civic body to undertake compensatory afforestation and submit annual compliance reports to the Bombay High Court for a decade. The project forms part of the northern extension of Mumbai's coastal road network and is expected to significantly reduce travel time between Versova and Mira Bhayandar. The ruling balances infrastructure development with environmental safeguards, mandating restoration measures alongside project execution.Read more

24 Mar 2026

Real estate developers across India have started experiencing supply disruptions in key construction materials due to ongoing geopolitical tensions in West Asia, according to industry bodies CREDAI and NAREDCO. While construction activity remains largely stable, shortages of materials such as steel, PVC products, wires, pipes and glass are being reported, alongside pressures in ceramic manufacturing hubs. Developers have indicated that prolonged disruptions could lead to higher input costs, project delays and potential increases in housing prices. The sector, which recorded housing sales of 6.14 lakh units across top cities last year with a total value of INR 8.46 lakh crore, may face pricing pressures if global volatility continues.Read more

24 Mar 2026

The central government is evaluating a policy framework that would allow entities based in Gujarat International Finance Tec-City (GIFT City) to register ships overseas under a calibrated model similar to the Indian Controlled Tonnage scheme. The proposal would permit a "one-in-one-out" approach, enabling companies to register one vessel abroad and the next under the Indian flag. The move follows representations from the International Financial Services Centres Authority seeking regulatory relaxations to strengthen GIFT City as a global ship leasing hub. At the same time, the government is balancing concerns from domestic shipowners about potential loss of Indian tonnage and policy advantages linked to cargo support mechanisms such as the Right of First Refusal.Read more

Bangalore News Desk

24 Mar 2026

A set of residential developments in East Bengaluru—Ramky Fortuna in Whitefield, 2G Tula in Hoodi, and Sowparnika Whispering Petals in Hoskote—illustrate varying approaches to housing demand in the region. These projects cater to different buyer segments, offering a mix of ready-to-move-in and under-construction options with pricing ranging from around INR 40 lakh to over INR 1.8 crore. While Ramky Fortuna focuses on township-style living and scale, 2G Tula emphasises low-density community design and premium configurations, and Sowparnika Whispering Petals targets affordability with flexible payment structures. The developments reflect broader trends in East Bengaluru, where infrastructure growth, proximity to IT corridors, and evolving buyer preferences continue to shape residential demand and project positioning.Read more

24 Mar 2026

The renovated terminal building at Devi Ahilyabai Holkar Airport in Indore will be inaugurated by the Civil Aviation Minister via video conference, increasing the airport's annual passenger handling capacity to 50 lakh. The upgraded facility, developed at a cost of INR 50 crore, will function as an additional terminal, taking the total number of terminals at the airport to two. The existing terminal currently handles 40 lakh passengers annually, while the new facility will add capacity for another 10 lakh. The inauguration will also include the launch of a subsidised food outlet under the Udaan Yatri Cafe initiative, aimed at offering affordable refreshments to travellers.Read more

24 Mar 2026

Tathastu Realty plans to invest INR 500 crore to develop an affordable housing project in Rewari, Haryana, comprising 3,354 residential units under the state's affordable housing policy. The apartments are priced at around INR 30 lakh each, with a base rate of INR 4,500 per sq ft for a 645 sq ft unit, along with an additional balcony component. The project has received more than 8,000 applications, with allotments finalised through a draw system as per policy norms. The development reflects sustained demand for budget housing in emerging markets within the National Capital Region, particularly among first-time homebuyers seeking regulated and cost-effective residential options.Read more

24 Mar 2026

The Telangana High Court is set to hear a petition challenging the demolition of houses built on Bhoodan land in Khammam district, where around 20 daily wage workers claim their homes were razed without prior notice. The petitioners state that the land had been allotted to them by the Bhoodan Yagna Board and that valid pattas were issued. Authorities, however, have classified the occupants as encroachers and initiated possession proceedings. The case highlights ongoing legal disputes over Bhoodan land ownership and enforcement, raising concerns around due process, rehabilitation, and property rights for economically vulnerable residents.Read more

Bangalore News Desk

24 Mar 2026

The Karnataka government is exploring a strategic collaboration with Japan to implement advanced smart city solutions in Bengaluru, focusing on urban infrastructure, sustainability, and technology integration. The initiative, facilitated through Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT), aims to address key urban challenges including mobility, wastewater management, energy efficiency, and disaster resilience. The Greater Bengaluru Authority is expected to act as the nodal agency for execution. The proposed framework will allow Japanese companies to partner with cities to design and deploy solutions backed by institutional support. The move aligns with Karnataka's broader push to develop future-ready, citizen-centric urban ecosystems while leveraging global expertise to improve service delivery and infrastructure efficiency.Read more

24 Mar 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has imposed penalties of INR 5 lakh each on three real estate projects for promoting and selling units without mandatory registration under the Real Estate (Regulation and Development) Act, 2016. The action, taken during the authority's 198th meeting, involved projects in Noida and Lucknow, including Estate 105, Sobha Rivana, and Avikalp Estate. Investigations revealed that these developments were marketed and, in some cases, sold prior to obtaining regulatory approval. UP-RERA noted that developers failed to provide satisfactory responses to notices issued earlier, prompting enforcement action. The move forms part of a broader crackdown on unauthorised real estate activities to enhance transparency and safeguard homebuyer interests.Read more

24 Mar 2026

HCLFoundation has announced the winners of the 11th edition of the HCLTech Grant, awarding a total of INR 24 crore to 12 non-governmental organisations across water, biodiversity, healthcare, and education sectors. Four organisations will receive INR 5 crore each, while eight others will be granted INR 50 lakh each. The latest edition marks the introduction of water as a standalone category, reflecting increased focus on resource management. Selected from over 7,000 applications nationwide, the winning projects span multiple states and focus on community-led initiatives. The grant programme, the CSR arm of HCLTech, continues to support large-scale social development efforts across rural India.Read more

24 Mar 2026

Mumbai's Metro network has expanded its digital ticketing ecosystem by enabling commuters to book Metro Line 2A and 7 tickets directly through the Uber app via ONDC. This integration allows QR-based ticketing with a 50% discount up to INR 10, improving convenience and reducing paper usage. Supported by multiple platforms including Mumbai One App and WhatsApp ticketing, the initiative strengthens first- and last-mile connectivity. Officials from the state government and MMRDA highlighted its role in creating a unified, commuter-friendly digital transport ecosystem across Mumbai.Read more

24 Mar 2026

Gujarat is integrating its RERA-registered real estate projects with the PM Gati Shakti platform to improve monitoring, approvals and urban planning efficiency. The move will allow authorities to align projects with infrastructure networks, enhance geospatial visibility of housing clusters and enable cross-verification of land parcels with environmental and regulatory zones. By linking town planning data with real estate registrations, the initiative is expected to streamline inter-departmental coordination and reduce approval timelines. The integration reflects a broader push towards data-driven governance in real estate, improving transparency while supporting infrastructure-led development and more efficient service delivery across rapidly growing urban areas.Read more

Ahmedabad News Desk

24 Mar 2026

The Ahmedabad Municipal Corporation (AMC) has demolished 20 residential houses and four shops in the Narol area to facilitate the development of an 18-metre-wide road under Town Planning Scheme 60. The action, carried out after prior notices to occupants, cleared approximately 3,510 square metres of land required for a 195-metre road stretch. Officials stated that the structures were obstructing the approved road alignment and had not been voluntarily removed despite warnings. The demolition was executed in the presence of police to ensure compliance and maintain order. The move forms part of the city's broader infrastructure push aimed at improving urban mobility and implementing planned development layouts across emerging corridors in Ahmedabad.Read more

23 Mar 2026

Railway-focused EPC firm Trenzet Infra Ltd has filed draft papers with the Securities and Exchange Board of India to raise capital through an initial public offering. The issue comprises a fresh equity issuance of 1.05 crore shares and an offer for sale of 18 lakh shares by promoters. The proceeds will be deployed towards working capital needs, procurement of construction equipment, and general corporate purposes. The company, which specialises in railway and allied infrastructure projects, reported revenue of INR 333.41 crore and a profit of INR 26.95 crore in FY25, with a strong order book of around INR 1,600 crore.Read more

23 Mar 2026

State-owned NBCC has been awarded a contract valued at INR 5,800 crore to develop the Rajasthan Mandapam project in Jaipur by the Rajasthan State Industrial Development & Investment Corporation (RIICO). The project, located near Jaipur International Airport, spans over 90 acres with a built-up area exceeding 94.53 lakh sq ft. Planned as a large mixed-use development, it will include a convention centre, exhibition halls, Global Capability Centres, IT/ITES office spaces, hotels, retail zones, residential units, and public infrastructure such as a museum and riverfront spaces. NBCC will execute the project under a self-financing model and is expected to initiate the tendering process shortly.Read more

23 Mar 2026

NTPC, through its step-down subsidiary NTPC Renewable Energy Ltd, has begun commercial supply of 165 MW power from the 1200 MW Khavda-II solar project in Gujarat. This marks the commissioning of the fourth part capacity of the project under its renewable energy portfolio. With this addition, the overall installed capacity of the NTPC group has increased to 88,709 MW, while commercial capacity stands at 87,629 MW. The renewable subsidiary, operating under NTPC Ltd via NTPC Green Energy Limited, continues to expand its solar energy contribution.Read more

23 Mar 2026

Wipro has announced the launch of a new technology hub at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, aimed at delivering AI-driven solutions to global banking, financial services, and insurance (BFSI) clients. The facility will initially accommodate 150 employees, with plans to scale up to 500 seats based on demand. The centre will focus on areas such as digital banking, capital markets, regulatory technology, risk management, and platform modernisation. Integrated with Wipro's AI-led platforms, the hub is intended to support innovation, strengthen client engagement, and address rising global demand for technology-led transformation in the financial services sector.Read more

23 Mar 2026

Hindustan Construction Company (HCC), through its joint venture Aakshya HCC, has secured a contract worth approximately INR 1,662 crore from the Brihanmumbai Municipal Corporation (BMC) for Phase IV of the Goregaon Mulund Link Road project in Mumbai. The project is part of a larger infrastructure corridor aimed at improving East-West connectivity in the city. HCC holds a 49% stake in the joint venture. The company has a long track record in infrastructure development, including highways, tunnels, bridges, and contributions to hydro and nuclear power capacity in India.Read more