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Aion-Tech subsidiary partners with Indian Railways to launch AI-driven parcel logistics platform

20 Nov 2025

Aion-Tech Solutions' subsidiary, ROQIT Greenfield Digital, has partnered with Indian Railways to launch an AI-powered logistics platform for small parcel deliveries. The pilot will begin early next year with South Central Railway and aims for a nationwide rollout. The platform will integrate ETO Motors for sustainable first- and last-mile delivery and feature a cloud-native app with real-time tracking, digital payments, and partner selection. Light-to-medium-weight parcels currently account for less than 1 per cent of railway traffic in India, highlighting a major efficiency gap ROQIT intends to bridge.Read more

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Inox Green Energy to operate and maintain 5 GW renewable projects with KP Group

20 Nov 2025

Inox Green Energy Services Ltd will provide O&M services for 5 GW of renewable energy projects developed by INOXGFL Group and KP Group. Through MoUs signed by Inox Wind and Inox Solar with KP Energy Ltd and KPI Green Ltd, the partnership aims to establish 2.5 GW each of wind and solar projects across India. Inox Green, managing 12.5 GW of renewable assets, specializes in long-term O&M services. As India's only listed renewable O&M company, it has over a decade of experience and serves major IPPs, PSUs, and retail clients.Read more

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Fire destroys over 170 structures in Japan's Oita city as search continues

20 Nov 2025

A massive fire in the Saganoseki district of Oita city in southern Japan destroyed more than 170 buildings and continued burning through the night. Over 175 residents moved to an emergency shelter after the fire began in the early evening earlier this week. One person remains missing, and officials have started an investigation into the cause. Aerial images showed homes reduced to debris, smoke across the hillside, and flames spreading toward nearby forested areas. Local authorities requested support, leading to the deployment of a military firefighting helicopter.Read more

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Noida launches trial run of 4.5-km Bhangel corridor after long construction delays

20 Nov 2025

Noida Authority has begun trial runs on the 4.5-km Bhangel Elevated Road after pressure from a farmers' group demanding its immediate opening. The six-lane corridor runs parallel to the DSC Road, connecting the Aghapur petrol pump to the Noida Special Economic Zone, and is expected to ease traffic for several residential sectors and nearby villages. First proposed in 2012, the project faced long delays due to funding issues, design revisions and construction challenges. Its cost increased from INR 468 crore to about INR 608 crore. Earlier this year, the alignment was slightly modified after two unapproved buildings obstructed the original plan.Read more

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RITES signs MoU with APEDB to boost planning of key infrastructure projects

20 Nov 2025

RITES Limited has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to provide comprehensive consultancy support across major infrastructure and industrial sectors. The agreement covers feasibility studies, detailed project reports, project management, bid management, and third-party inspection. It extends to transport, ports, waterways, power, water systems, buildings, and industrial infrastructure. The partnership is expected to strengthen project planning and execution while helping the state attract new investment and improve long-term development outcomes.Read more

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Six million families to benefit as Maharashtra clears Fragmentation Act violations

20 Nov 2025

The Maharashtra government has allowed free regularisation of land parcels purchased in violation of the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act for transactions made between 15 November 1965 and 15 October 2024. The directive removes notes about fragmentation violations from 7/12 land records and ensures rightful buyers are recorded as occupants. The decision, backed by a recent government notification, is expected to help about 6 million landowners, including many in urban, commercial, and peripheral regions. Unregistered transactions can also be legally registered after paying stamp duty and registration fees.Read more

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Mindful coworking brand Away expands to Bengaluru with a wellness-centric hub in Koramangala

20 Nov 2025

Away Center, promoted as India's first wellness-led coworking brand, has opened its Koramangala hub, marking its entry into Bengaluru's start-up and creative ecosystem. The company focuses on mindful, design-driven workspaces and keeps each centre under 20,000 sq. ft. to maintain intimacy and community. The new hub features spacious layouts, natural light, an integrated cafe and wellness-focused areas such as Stillness Rooms, Meditation Corners and a Reset Bar. Members also get access to coaching, therapists and weekly yoga and meditation sessions. Following its first centre in Vizag, Away plans new locations in Hyderabad, Gurgaon and another Vizag site by early 2026 under its �Nano-GCC� model.Read more

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Arada to take majority stake in major London riverfront housing project

20 Nov 2025

Arada, the UAE-based real estate developer backed by Gulf royals, has decided to acquire an 80% stake in the Thameside West mixed-use project in east London. The deal follows the launch of the company's UK operations a few months ago and marks a major expansion of its international portfolio. The development, valued at 2.5 billion pounds (about USD 3.29 billion), is planned to deliver at least 5,000 homes, with the first phase targeting around 1,000 units and construction planned for 2027. This acquisition also lifts Arada's London housing pipeline to 15,000 homes.Read more

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Allcargo Terminals to set up second container freight station in Chennai

20 Nov 2025

Allcargo Terminals is planning a second container freight station (CFS) in Chennai, located in the Kattupalli-Ennore corridor, to manage growing logistics demand in the region. The company has extended its 30-acre land lease from Venkatesh Coke and Power Limited (VCPL) until September next year, paying an annual rent of INR 9 crore. The expansion complements Allcargo's existing 23-acre Chennai CFS, which handles over-dimensional cargo and operates 24/7. The new facility is expected to strengthen the company's presence in southern India and improve cargo handling efficiency.Read more

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Karnataka allocates INR 1 lakh crore for Bengaluru infrastructure upgrade

20 Nov 2025

Karnataka's government has announced an infrastructure investment of over INR 1 lakh crore for Bengaluru to strengthen urban mobility, business, and technology infrastructure. Major initiatives include a 40?km twin tunnel project costing INR 42,500 crore, a 41 km double-decker metro at INR 18,000 crore, a 110 km elevated corridor for INR 15,000 crore, 320 km of buffer roads at INR 5,000 crore, a SkyDeck at INR 500 crore, and a 74 km Bengaluru Business Corridor for INR 27,000 crore. Plans also include a second airport, a new NRI Secretariat, and a 9,000 acre AI City near Bidadi.Read more

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GCDA clears land-pooling plan for Infopark Phase III in Kochi

20 Nov 2025

The Greater Cochin Development Authority (GCDA) has approved the land-pooling process for Infopark Kochi's Phase III development in Kunnathunad taluk. The plan aims to bring together around 500 acres for an integrated IT and AI-focused township, marking one of Kerala's largest land-pooling exercises. GCDA will handle land identification and coordination with landowners, while Infopark will lead overall development. A land-pooling office has already started functioning, and early assessments indicate strong potential for investment and long-term technology-led growth in the region.Read more

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AU Real Estate expands Noida portfolio with Aspire Leisure Valley Phase 2

20 Nov 2025

AU Real Estate has taken over the selling rights for Aspire Leisure Valley in Greater Noida West as part of an INR 1,069 crore transaction with NBCC, which also covers Aspire Centurion Park. The move follows the company's acquisition of selling rights for Aspire Silicon City earlier this year for INR 1,467.93 crore. The newly launched project has been introduced at an initial rate of INR 7,979 per sq. ft., offering spacious 3BHK homes and enhanced lifestyle amenities under the AUSI Life model. Strong connectivity, community spaces, and sustainability credentials further elevate its positioning.Read more

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Rail fracture disrupts Mumbai local services on Central Railway main line

20 Nov 2025

A rail fracture between Vikhroli and Kanjurmarg stations briefly disrupted local train services on Mumbai's Central Railway main line. The fracture was detected on the down slow line at 7:32?am, prompting authorities to divert slow trains to the fast line from Matunga station and impose a 30 km/h speed restriction. The line was declared safe by 7:58 am. This disruption affected over 3.5 million daily commuters, causing delays of 10-20 minutes. The incident highlights the challenges of maintaining safety and punctuality on one of the world's busiest suburban rail networks.Read more

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Rightmove faces major legal challenge over alleged unfair estate agent fees

20 Nov 2025

Rightmove is facing a potential legal claim worth about GBP 1 billion (USD 1.34 billion) from estate agents who argue that the portal has been charging excessive and unfair listing fees. The action is being led by Jeremy Newman, a former member of the UK antitrust watchdog, and aims to represent thousands of agents unless they opt out. The development follows a recent drop in Rightmove's share price after it signalled slower profit growth next year due to increased investments, including those in artificial intelligence. Market uncertainty, inflation pressures, and an upcoming tax-focused government budget continue to weigh on the UK property sector.Read more

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Bengaluru Metro: BMRCL begins DPR work for 59.6 km Green Line extension from Madavara to Tumakuru

20 Nov 2025

Bangalore Metro Rail Corporation Ltd has begun work on extending the Green Line from Madavara to Tumakuru by inviting bids for a Detailed Project Report. The proposed 59.6 km elevated corridor will feature about 25 stations, starting near the Bangalore International Exhibition Centre and passing through Nelamangala, Dabaspete and Kyathasandra before reaching Tumakuru. Estimated to cost between INR 18,670 crore and INR 20,650 crore, the project is being evaluated under both PPP and SPV funding models. Designed to handle 15,000 passengers per hour with 4-5 minute train frequencies, the line is projected to serve 2.8 lakh daily commuters by 2032. The DPR will refine alignment, costs and land needs.Read more

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NBCC sells 609 Greater Noida homes worth INR 1,070 crore through e-auction

20 Nov 2025

NBCC (India) Ltd has successfully sold 609 residential units in Greater Noida (West) through an e-auction, fetching INR 1,070 crore. The units come from the Aspire Leisure Valley and Aspire Centurian Park projects, part of the Supreme Court-directed initiative to complete stalled Amrapali projects. Delhi-based AU Real Estate acquired the selling rights, buying 462 units in Aspire Leisure Valley and 147 units in Aspire Centurian Park. The sale marks progress in delivering 38,000 flats to homebuyers, with AU Real Estate launching the project at INR 7,979 per sq ft for Aspire Leisure Valley.Read more

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Maharashtra clears MHADA-led cluster redevelopment of Kamathipura

20 Nov 2025

The Maharashtra government has approved the long-awaited redevelopment of Kamathipura, assigning the project to MHADA's Mumbai Building Repairs & Reconstruction Board under the Construction & Development Agency model. A survey found nearly 800 dilapidated, century-old buildings across 34 acres. Using DCPR 2034's Regulation 33(9) for cluster redevelopment, MHADA's plan will rehouse about 8,001 people, offering both residential and non-residential tenants 500 sq ft two-bedroom flats. Landowners will receive units based on plot size. The project includes new homes, commercial spaces and open areas, transforming the precinct into a modern 'urban village.' MHADA will receive 44,000 sq m, while developers can build roughly 567,000 sq m, creating around 4,500 new units.Read more

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Atul Projects to redevelop INR 750 crore Borivali West land parcel into luxury homes

20 Nov 2025

Atul Projects has taken charge of the redevelopment of a 2.76-acre land parcel in Borivali (West), a location positioned along the active SV Road belt, earlier this week. With an estimated GDV of about INR 750 crore, the company is preparing to introduce luxury 2, 3 and 4-bedroom residences aimed at both end-users and long-term investors seeking premium living options within Mumbai's western suburbs. The initiative builds on Atul Projects' ongoing expansion across the MMR and aligns with its strategy of strengthening its redevelopment portfolio in established residential markets.Read more

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Nemetschek Group partners with IIT-Madras for low-carbon and lean construction research

20 Nov 2025

Nemetschek Group has signed an MoU with IIT-Madras to conduct advanced research in low-carbon and lean construction technologies, supported by an investment of USD 100,000 from its AI and Data Innovation Hub. The German software company provides solutions for the entire lifecycle of construction and infrastructure projects and reported revenues of EUR 995.6 million in 2024. The partnership aims to reduce carbon emissions, enhance efficiency, and promote sustainable construction practices while leveraging IIT-Madras' expertise in digital innovation for India's construction sector.Read more

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Capital market participants seek lower transaction tax and wider reforms ahead of Budget 2026-27

20 Nov 2025

Capital market representatives held a pre-Budget discussion with the Finance Minister where they asked for a reduction in transaction taxes and changes aimed at improving market efficiency and participation. Industry bodies highlighted the rising contribution of capital markets in resource mobilisation, which crossed INR 14.6 lakh crore in FY25, driven largely by equity and debt instruments. Officials from key financial institutions attended the meeting, which forms part of the government's annual consultation process before the Budget. With Budget 2026-27 set to be presented around February 1, the government is expected to focus on demand revival, job creation and maintaining stable growth.Read more

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Khan Market remains India's priciest high street despite global ranking slip

20 Nov 2025

Khan Market in Delhi has dropped one place to 24th globally in Cushman & Wakefield's list of the world's most expensive high streets, though it remains India's priciest. London's New Bond Street leads globally, followed by Milan and New York. India's high streets, including Connaught Place and Galleria Market, continue attracting domestic and international brands due to rising affluence and limited mall supply. Rental growth in Tier 1 cities averaged 6% year-on-year, with Gurugram seeing the highest increase. Chennai's Anna Nagar 2nd Avenue is the most affordable APAC street, at USD 25 per sq ft.Read more

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New Zealand's housing market shows modest improvement in October

20 Nov 2025

New Zealand's housing market recorded a slight rise in home prices during October, indicating that conditions have begun to stabilise after an uneven past year. Fresh data from the Real Estate Institute of New Zealand (REINZ) showed a small month-on-month increase in the seasonally adjusted median price, even though values were still lower compared with the same period last year. National sales activity picked up as well, supported by stronger buyer sentiment and the usual lift seen during the spring period. REINZ noted that most regions reflected an improvement in activity and overall confidence.Read more

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Navi Mumbai International Airport set to begin passenger flights from December 25

20 Nov 2025

Navi Mumbai International Airport (NMIA) will start commercial passenger flights from December 25 with 23 daily departures in the first phase. Operations will run for 12 hours each day during the initial month, allowing up to 10 aircraft movements per hour. The airport, developed through a joint venture between the Adani Group and CIDCO, has been built at a cost of INR 19,650 crore. Phase-1 covers 1,160 hectares and includes one terminal and one runway with a capacity of 20 million passengers a year. Daily departures are set to increase to 34 from February 2026.Read more

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Income Tax officials visit Waaree Energies amid ongoing investigation

20 Nov 2025

Waaree Energies is under investigation by Income Tax authorities in India while also facing scrutiny in the US over alleged solar import duty evasion. The Gujarat-based solar company has assured full cooperation with the ongoing Indian investigation. Its US subsidiary, Waaree Solar Americas, operates a 1.6 GW module manufacturing plant in Texas, which is being expanded to 3.2 GW. The developments have impacted market sentiment, with Waaree Energies shares dropping over 4 per cent on the BSE, while its other key units also saw moderate declines in share prices.Read more

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Goa's District Collectors directed to publish land-conversion sanads online

20 Nov 2025

The Goa State Information Commission has instructed the district collectors of North and South Goa to upload all land-conversion sanads on a public portal. The directive followed a complaint stating that authorities had not fulfilled their obligations under the RTI Act's proactive disclosure provisions. The information to be uploaded includes applicant details, survey numbers, application and sanction dates, and a plan showing the converted portion of land. The order aims to strengthen transparency and reduce the volume of individual RTI requests.Read more

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GNIDA launches INR 3,604 crore commercial plot e-auction across key sectors

20 Nov 2025

The Greater Noida Industrial Development Authority (GNIDA) has launched a major commercial property scheme, offering 37 plots worth a combined INR 3,604 crore through e-auction. Located in key sectors such as Sector 3, 10, 12, Ecotech-1 Extension and Ecotech-12, the plots come under two FAR categories: FAR-4 for large vertical developments like malls, hotels and office towers, and FAR-2 for smaller commercial uses. GNIDA has set strict conditions, including a ban on plot subdivision or amalgamation and a five-year project completion deadline. Reserve prices are substantial, with several plots valued between INR 91 crore and INR 216 crore. Strong investor interest is expected, supported by Greater Noida's improving connectivity and upcoming airport.Read more

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House of Swamiraj plans INR 230 crore investment in Delhi-NCR and Goa housing projects

20 Nov 2025

House of Swamiraj is set to invest INR 230 crore in housing projects across Delhi-NCR and Goa, with INR 200 crore directed to a Yamuna Expressway development and INR 30 crore to a Goa project. Both projects are scheduled for launch within the current fiscal year and will feature smart homes with modern technologies. The company previously signed a INR 180-crore agreement to develop a residential project on a 2,000-square-metre plot in Thane West, highlighting its strategy to expand into fast-growing residential markets.Read more

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Notandas Realty launches Notan Jewel, a premium commercial project in Bandra

19 Nov 2025

Notandas Realty has launched Notan Jewel, a new commercial development on Turner Road in Bandra, with an estimated revenue potential of over INR 400 crores. Designed to meet the rising demand for premium office and retail space, the project spans 90,000 sq. ft. with about 45,000 sq. ft. of leasable area. It features a grand arrival lobby, a modern car tower parking system, high-speed elevators, surveillance, and recreational spaces including a rooftop pickleball court and breakout zones. The launch reflects the company's legacy in Bandra and forms part of its plan to introduce four new commercial projects in FY2025-2026, strengthening its position in Mumbai's real estate market.Read more

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Piling work continues at Elphinstone Bridge amid residents' safety concerns

19 Nov 2025

Piling work at Elphinstone Bridge's P61 and P61A pier locations has completed seven piles so far but faced interruptions from local residents concerned about the safety of century-old nearby buildings. MMRDA's contractor appointed VJTI experts to monitor structural stability, using accelerometers, crack width gauges, and tilt sensors. A joint site visit with officials, experts, and residents was held to explain safety measures. Preventive guidelines were issued to reduce rig RPM, limit noise, and monitor vibrations during pile boring, ensuring the safety of the surrounding structures.Read more

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IHCL to open new 90-key Ginger hotel in Dimapur, marking entry into Nagaland

19 Nov 2025

Indian Hotels Company (IHCL) recently announced that it had finalised an agreement to develop a new 90-key greenfield Ginger hotel in Dimapur, marking its first venture in Nagaland. The company indicated that Dimapur serves as a major commercial and cultural centre in the state and said the project aligns with its broader strategy to strengthen its footprint in the Northeast, where tourism and infrastructure have seen steady improvement. The hotel, developed in partnership with T K Enterprises, adds to IHCL's growing regional presence.Read more

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Hong Kong's New World Development cuts USD 1.3 billion of debt via early bond swap

19 Nov 2025

Hong Kong-based developer New World Development has announced plans to reduce about USD 1.3 billion of its debt following an early settlement deadline in its bond exchange offer. The company is swapping a portion of its perpetual bonds and senior notes targeting USD 1.02 billion of perpetuals and USD 29.9 million of senior notes to improve liquidity and avert defaults amid a tough property market. Earlier this year it deferred coupon payments and secured refinancing of over USD 12 billion to shore up its finances. The exchange offer closes on December 2.Read more

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Rajasthan to develop inland port in Jalore for direct link to Arabian Sea

19 Nov 2025

Rajasthan plans to develop an inland port in Jalore, creating a direct waterway link to the Arabian Sea through Kandla Port in Gujarat. The project, backed by the Central government, proposes a 262-km waterway requiring dredging costs exceeding INR 10,000 crore. A draft DPR by IIT Madras is under review, with final approval to follow field assessments. The port is expected to boost trade, industrial growth and logistics efficiency for sectors such as textiles, stone processing, agriculture and oilseeds. Linked to National Waterway 48, the project could generate over 50,000 jobs and support new industries, warehousing and cold-storage facilities across the region.Read more

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Uttar Pradesh introduces stamp duty concessions to ease lease agreement registration

19 Nov 2025

The Uttar Pradesh government has announced significant stamp duty and registration fee concessions for lease agreements up to ten years to encourage formal registration and reduce disputes. The cabinet cleared the proposal earlier this week. Many tenancy agreements remain unregistered due to high costs, leaving them legally vulnerable and open to recovery actions by authorities. The new provisions set a ceiling of INR 10 lakh for average annual rent in calculating stamp duty and exclude toll-related and mining leases. This move simplifies registration and ensures better legal compliance for landlords and tenants.Read more

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Conscient awards INR 350 crore construction contract to NCC for Gurugram project

19 Nov 2025

Conscient Infrastructure Pvt Ltd has given a construction contract worth INR 350 crore to NCC Ltd for building 540 flats in its Elaira Residences project at Sector 80, Gurugram. The project spans 5.6 acres and is part of the company's growing residential portfolio. Conscient, active for more than four decades, has delivered over 20,000 homes and has nearly 35 million sq ft of developments across Delhi-NCR, Dehradun, and Goa. The company also partnered earlier this year with Texmaco, Hines, and HDFC Capital for the redevelopment of the Birla Cotton Mills land in Delhi.Read more

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Chembur-Ghatkopar East emerges as a strong alternative to Mumbai's prime CBDs

19 Nov 2025

Mumbai's commercial map is shifting as companies increasingly choose the Eastern and Northern suburbs over traditional hubs like BKC, Lower Parel and Nariman Point. Chembur-Ghatkopar East is emerging as a strong alternative, offering modern offices, better connectivity and more affordable rentals. Improved access through the Santacruz-Chembur Link Road, Eastern Freeway and growing Metro network has made the area appealing to BFSI, tech and professional services firms. Developers are introducing Grade-A spaces with large floor plates and sustainable features, often at rents 30-40% lower than BKC. With steady leasing activity and rising investor interest, the corridor is quickly becoming a future-ready commercial destination.Read more

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Karnataka to build 200-acre semiconductor park inside upcoming KWIN City

19 Nov 2025

The Karnataka government will develop a 200-acre semiconductor park within the upcoming 5,000-acre KWIN City near Bengaluru, aiming to strengthen its position in advanced manufacturing and next-generation technologies. Announced at the Bengaluru Tech Summit, the park will offer specialised infrastructure for chip-making companies and act as a national innovation hub. Minister M B Patil highlighted the state's push to attract investments in semiconductors, drones, solar energy and Industry 5.0. Karnataka already hosts over 800 R&D centres, 100 chip-design firms and thousands of start-ups in areas such as AI, quantum computing and deep tech. The government has allocated INR 600 crore and is planning a Centre of Excellence for AI and Quantum Computing in Dharwad.Read more

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Praxis Home Retail reports strong quarterly profit after restructuring and debt clearance

19 Nov 2025

Praxis Home Retail recorded a net profit of INR 81 crore in the September quarter, showing a clear improvement after reporting losses in the same period last year and in the previous quarter. The company attributed this recovery to restructuring measures and higher operational efficiency. Praxis also became fully debt-free after receiving a complete waiver of all outstanding dues at the start of FY 2025-26, marking a major step in stabilising its financial position. The firm has also undergone a governance reset, now operating under new management and new shareholders committed to improved oversight.Read more

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Maharashtra clears major highway upgrades, including Pune-Shirur express corridor

19 Nov 2025

Maharashtra's infrastructure committee has approved major highway upgrades, including a new multi-lane Pune-Shirur corridor spanning 53.4 km with a mix of four-lane roads and a six-lane elevated expressway. The route, which sees heavy industrial traffic, is expected to ease growing congestion in the Pune region. Two six-lane highways in Chhatrapati Sambhajinagar district were also cleared, linking Shendra, Bidkin and Dhoregaon as part of planned DMIC and Samruddhi Expressway connectivity. A greenfield road from Karmad to the expressway also received initial approval. Chief Minister Devendra Fadnavis directed immediate repairs, fast-tracked land acquisition and timely execution, with a 7.4-km elevated stretch to be jointly developed for metro and road use.Read more

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Sundaram Home Finance targets rising demand in Tier 3 and Tier 4 towns

19 Nov 2025

Sundaram Home Finance, a wholly owned subsidiary of Sundaram Finance Ltd, has outlined plans to scale up its presence in Telangana as part of its wider South India expansion strategy. The company, which entered the Emerging Business segment two years ago, aims to disburse INR 120-150 crore over the coming year in the State. Executives indicated earlier this week that the Chennai-based lender has already grown this segment to over 50 branches, largely across Tamil Nadu, and now intends to diversify beyond its home market. Management highlighted opportunities among Tier 3 and Tier 4 entrepreneurs and in affordable housing.Read more

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Kalyan-Dombivli rolls out KD-SWIFT one-window system for building permissions

19 Nov 2025

In response to concerns over the emergence of illegal buildings, the Kalyan-Dombivli Municipal Corporation (KDMC) has introduced KD-SWIFT, a digital one-window platform for building-permission approvals. This new system lets citizens, architects, and developers apply for permissions across eight departments - including fire, drainage, water supply, and tree authority - via a single portal. The process is time-bound, with a 28-day turnaround for decisions, and approvals come with QR-coded certificates to enhance verification and transparency.Read more

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Nuvoco acquires Vadraj Energy in INR 200 crore deal to strengthen operations

19 Nov 2025

Nuvoco Vistas Corporation, the cement arm of the Nirma Group, has agreed to acquire Gujarat-based Vadraj Energy in an INR 200-crore deal involving JSW Cement and Alpha Alternatives. The purchase is being made through Algebra Endeavour, Vadraj Energy's holding company, and will give Nuvoco access to power plants in Kutch and Surat to support its captive energy needs. The all-cash transaction is expected to close within about ten days, subject to conditions. Earlier this year, Nuvoco also secured NCLT approval to acquire Vadraj Cement for INR 1,800 crore. Nuvoco, India's fifth-largest cement maker, saw its shares trade slightly lower at INR 364.15.Read more

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FMCG sector sees slower volume growth as GST transition and market shifts affect demand

19 Nov 2025

Sales growth in India's FMCG market slowed in volume terms during the recent September quarter as the transition to revised GST rates caused temporary disruptions. While overall value growth rose, rural markets continued to lead demand for the seventh straight quarter, though the gap with urban areas has started to narrow. Smaller towns supported urban recovery, and e-commerce remained a strong contributor to FMCG sales. Modern trade also showed signs of revival. The sector's performance was influenced by stable food demand, slower home and personal care growth, and a stronger contribution from small manufacturers.Read more

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J Infratech wins INR 116 crore contract to rebuild key Assam highway stretch

19 Nov 2025

J Infratech has secured a highway reconstruction contract worth INR 116 crore from the National Highways & Infrastructure Development Corporation Ltd for upgrading key stretches of the Jhanji-Demow section of NH-37 in Assam. The work covers 20.44 km between the 514.36 km and 534.80 km marks, a route connecting major commercial zones in Upper Assam. The company has received the official letter of acceptance and plans to complete the project within four months. The upgraded corridor is expected to improve connectivity, support trade movement, and enhance overall road safety in the region.Read more

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Ramky Infrastructure posts steady growth, secures INR 2,085 crore water project

19 Nov 2025

Ramky Infrastructure Limited reported steady growth in its Q2 and H1 FY25-26 results, driven by operational efficiency, strong project execution, and new order inflows. Consolidated revenue reached INR 4,716 million with EBITDA at INR 1,399 million and PAT at INR 756 million. Standalone results showed similar growth trends. The company secured a major INR 2,085 crore HMWSSB water project, expanding its order book beyond INR 9,000 crore. With a nil debt balance and healthy cash flow, Ramky is well-positioned for sustainable growth in industrial infrastructure, water management, and urban solutions.Read more

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Supreme Court postpones Sahara firm's plea on property sale approval to Adani Group

19 Nov 2025

The Supreme Court has postponed by about six weeks the hearing on a Sahara Group company's request seeking approval to sell 88 properties to the Adani Group. The bench asked the Union government and other concerned parties to respond to the amicus curiae's note, which flagged issues with 34 properties, including allegations of forged documents. The Ministry of Cooperation has also been added to the case, as several cooperative societies linked to Sahara may be affected. The court had earlier sought responses from the Centre and SEBI on the proposed sale.Read more

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AI pushes India's GCC workforce toward 2.4 million, set to grow 30% by 2030

19 Nov 2025

A new NLB Services report shows that India's Global Capability Centres (GCCs) are rapidly shifting from small AI pilots to large-scale adoption, pushing the sector toward strong growth. Employment is expected to rise 11% next year, reaching nearly 2.4 million, and expand to 3.46 million by 2030. As GCCs enter the AI-native 4.0 stage, new roles such as AI governance architects, prompt engineers and GenAI product owners are emerging, while traditional IT support and legacy development roles decline. The report also highlights a geographic shift, with more work moving to tier II and III cities due to lower costs and attrition. By 2030, these locations may account for nearly 39% of the GCC workforce.Read more

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US debate on 50-year mortgages grows amid affordability worries and rising costs

19 Nov 2025

A renewed debate in the United States examined whether a 50-year mortgage could ease homeownership pressures or create new financial risks. The idea re-emerged as households faced inflation, rising costs and delayed life decisions, with 71% of aspiring buyers postponing major plans, according to Coldwell Banker's 2025 American Dream Report. A 50-year loan on USD 400,000 would lower monthly payments by about USD 270 compared with a 30-year mortgage, but total interest would nearly double. Experts warned that borrowers would build equity far more slowly and could remain financially exposed during life changes. With first-time buyers now around age 40, analysts said the extended term raised concerns about long-term security and ageing borrowers.Read more

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