The Union Environment Ministry has deferred its decision on Vedanta Limited's Sijimali Bauxite Mines in Odisha's Rayagada and Kalahandi districts, citing unresolved environmental and social issues. The Forest Advisory Committee observed that Odisha's reports did not fully address villagers' objections, including allegations of fraudulent Gram Sabha resolutions. The project involves diverting 708 hectares of forest, overlapping with elephant habitats and areas prone to severe soil erosion. Vedanta intends to mine nine million tonnes annually for its Lanjigarh refinery. The first bauxite mine, with 311 million tonnes of estimated reserves, will remain on hold until all ecological, afforestation, and community consultation concerns are resolved.Read more

Invenia, a digital infrastructure and IT services company from Sterlite Technologies, is planning to grow its revenue from around INR 1,300-1,400 crore to nearly INR 2,000 crore over the next three years. The growth is expected to come from rising demand for data centre connectivity and government projects like BharatNet. The company has equity capital of about INR 907 crore, assets close to INR 2,800 crore, and a strong order book worth INR 4,250 crore. Invenia will focus on system integration, cybersecurity, and managed services in India, the UK, and Europe.Read more

KP Group has entered into a partnership with South Korea's AHES and GH2 Solar Ltd to establish a green ammonia production facility in India, producing 100,000 metric tons annually. The collaboration, formalized through an MoU, involves KPI GH managing the facility while AHES and GH2 provide technical support and arrange offtake agreements for international markets, including South Korea and Japan. Ammonia pricing will follow international benchmarks. The project will utilize renewable energy and infrastructure from KP Group subsidiaries, leveraging their 30 years of expertise and over 1.9 GW installed capacity, marking a significant step in India's sustainable energy development.Read more

Mukand Sumi Special Steel Limited, a joint venture between Japan's Sumitomo Corporation and Jamnalal Sons of the Bajaj Group, has announced plans to develop a greenfield project in Kanakpura, Karnataka. The facility will be created with an investment of INR 2,345 crore and will focus on producing high-grade special steel for use across automotives, railways, energy, oil and gas, and bearings. The project will adopt a zero-discharge model and draw the majority of its power requirements from renewable sources.Read more

Cement prices in India have risen sharply this fiscal year, mainly due to higher fuel costs, especially petroleum coke (petcoke). The average price of a 50-kg bag reached INR 360 in May 2025, up 8% from last year. Despite this increase, demand has remained strong, growing 9% in May, supported by housing and government infrastructure projects. Rising global fuel prices and the rupee's depreciation have added to cost pressures for Indian manufacturers. Even so, Indian cement remains competitive globally at USD 92 per tonne, compared to USD 140 in the USA, USD 229 in Germany, and USD 54 in China.Read more

Bihar has unveiled the Bihar Industrial Investment Promotion Package 2025, offering free land and substantial financial support to attract industrial investors. The policy provides land allotments at token cost or free of charge to large-scale investors and Fortune 500 companies, along with options for interest subvention, SGST reimbursement, or capital subsidies. Valid until the end of March next year, the package seeks to generate large-scale employment opportunities while boosting the state's industrial landscape.Read more

Techno Digital, the digital infrastructure arm of Techno Electric & Engineering Company Ltd (TEECL), has officially launched its 36MW AI-ready hyperscale data centre at SIPCOT IT Park in Chennai. The facility, built with a committed investment of USD 175 million ( INR 1,535 crore), is a key part of the company's broader USD 1 billion national investment plan to develop scalable and sustainable digital infrastructure across India. With a capacity for about 2,400 high-density racks, the new data centre is strategically designed to provide resilience against climate risks and offers seamless connectivity to India's internet backbone, with future sites also planned for Kolkata and Noida.Read more

Brick & Bolt, a Bengaluru-based tech-enabled construction company, has been reshaping the Indian housing market by streamlining the home-building process with AI, data-driven planning, and digital dashboards. Having completed over 9,000 units with 11,000+ floor plans in its portfolio, the company has aimed to bring predictability, transparency, and efficiency to a traditionally unorganised industry. With its Smart Cost Calculator, curated designs, and real-time project tracking, Brick & Bolt has offered homeowners clarity and reliability throughout the construction journey. The company also continues to expand its Experience Centres and roll out future-focused technology for smarter, customer-centric construction solutions.Read more

BuildAhome, a turnkey home construction company founded by Abhijith R Priyan, has appointed Rahul Dravid as its brand ambassador to reinforce its commitment to quality and transparency. The firm provides end-to-end services including architecture, structural design, plumbing, electrical work, interior design, and finishing, all managed in-house. Dravid emphasized that building a home requires patience, expertise, and trust, praising the company for its transparent process. This partnership aims to strengthen buildAhome's credibility, enhance brand visibility, and appeal to homeowners seeking reliable, fully managed, and professionally guided home construction solutions.Read more

Amazon India has expanded its 'Project Ashray' by adding 40 new rest centres for delivery associates, taking the total to 65 across 13 cities, including 24 in Delhi-NCR. These centres offer air-conditioned seating, washrooms, mobile charging points, drinking water, and first-aid kits and are open to delivery partners across the e-commerce and logistics ecosystem. Operating daily from 9 AM to 9 PM with free access for up to 30 minutes, the initiative coincides with Amazon creating over 150,000 seasonal jobs across more than 400 cities, including positions for women and persons with disabilities, ahead of the festive season.Read more

Mahindra & Mahindra (M&M) is actively seeking land to establish a new greenfield manufacturing plant, a move that is part of a larger strategy to meet booming domestic and export demand. The company, which recently unveiled its new NU IQ modular, multi-energy platform, aims to scale its total production capacity significantly. With a goal of achieving 10 lakh EV production capacity by 2027, M&M is simultaneously expanding its existing plant in Chakan and bolstering its service network by up to 200 outlets annually to support its rapidly growing customer base.Read more

City Lifts India Limited recently celebrated its 40th Foundation Day, reflecting four decades of providing elevators, escalators, auto walks, and car parking solutions across India. Since its founding in 1985 by Late V. Rajagopalan, the company has built a pan-India presence known for innovation, safety, and quality. Over the years, City Lifts has pioneered technologies such as MRL systems and intelligent dispatch, formed strategic global partnerships, and maintained strict safety and quality standards. The company now aims to expand into Tier II and III cities while targeting large infrastructure projects and technology-driven growth.Read more

L&T Technology Services has launched PLxAI, a Generative AI-powered framework to accelerate the Product Development Life Cycle across Mobility, Sustainability, and Technology sectors. Combining conventional AI with Generative AI, PLxAI offers scalable solutions covering all development stages, from concept design to aftermarket support. The platform uses organizational knowledge, smart prompting, and contextual intelligence to improve efficiency and precision. With over 36 use cases already deployed and 35 more in development, PLxAI aims to drive faster innovation, reduce costs, and enhance engineering outcomes, reinforcing LTTS' position as a global leader in engineering and technology services.Read more

In a major move to expand its manufacturing footprint, photovoltaic solar cell manufacturer Jupiter International Ltd. has signed a memorandum of understanding (MoU) with the Maharashtra government to build a new integrated solar manufacturing facility in Butibori, Nagpur. The proposed project involves a substantial investment of around INR 10,900 crore and will cover the entire solar value chain, from wafer manufacturing to advanced solar cell and module production. This initiative is a key part of Jupiter International's long-term strategy to build a vertically integrated solar platform and contribute to India's renewable energy future.Read more

LML Realty has announced an INR 150 crore investment in its first industrial park at Firozpur Jhirka in Haryana, developed under the state's PADMA scheme. Spread across 35 acres, the park will feature plug-and-play units, a dedicated exhibition and display centre, and in-house R&D and testing facilities. MSMEs moving into the park will benefit from state incentives, including SGST refunds, capital subsidies, electricity duty waivers, and support for branding, technology, and R&D. This investment builds on LML's recent industrial ventures in Haryana, including land acquisition for an EV industrial hub.Read more

Amazon finalised a built-to-suit lease agreement for a 600,000 sq ft warehousing facility at Kolkata's Oswal Logistics Park, signalling its continued push into India's supply chain network. The structure will feature a 400,000 sq ft plinth area and a 200,000 sq ft mezzanine space, with a handover anticipated between 2027 and 2028. Positioned among the premium rental deals in the city, the facility is set to incorporate advanced automation and fulfilment systems. This move reinforces Amazon's long-term ambition to bolster last-mile delivery across Tier-1 and Tier-2 urban centres.Read more

The Reserve Bank of India (RBI) has approved the merger of Hinduja Leyland Finance with NDL Ventures. This is a key step in a larger plan by Ashok Leyland, the parent company, to publicly list its non-banking financial company through a reverse merger. The combined entity is expected to have assets over INR 29,000 crore, strengthening its financial position. The approval paves the way for the company to proceed with other regulatory and shareholder approvals.Read more

India is preparing a new bill aimed at strengthening its construction equipment (CE) industry by reducing dependency on low-cost imports, particularly from China. The industry has shown modest growth, with a 3% rise in equipment sales and a 10% increase in exports last fiscal. Industry leaders are calling for a sharper focus on green fuels, indigenous advanced machinery, and mandatory operator training. With INR 2 lakh crore in projects already awarded and INR 5 lakh crore more expected soon, the sector is set for steady expansion backed by strong infrastructure momentum.Read more

Bengaluru has emerged as the top-performing city in India's commercial office real estate market, with vacancy rates dropping to a 10-year low due to heightened leasing activity. According to ICRA, the city holds the largest share of Grade A office stock among the top six metros, reflecting strong demand from sectors like Global Capability Centres (GCCs), BFSI, flex-space operators, and domestic IT-BPM firms. Other key markets like Chennai, Delhi-NCR, Hyderabad, MMR, and Pune are also projected to witness stable or improving vacancy levels through FY2026.Read more

Tesla India Motor & Energy has leased nearly 51,000 sq. ft. of space in Orchid Business Park, Gurugram for a nine-year term, with a starting monthly rent of INR 40.17 lakh. The space will serve as a retail showroom, service centre, and warehouse. This marks Tesla's second major commercial facility in India after its Mumbai launch. The company has paid a security deposit of INR 2.41 crore and will get 51 parking slots. Annual rent will rise by 4.75%, eventually reaching about INR 58.22 lakh by the ninth year.Read more