Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Asset class : Infrastructure

Mumbai civic body to transform 319 ponds into public and tourist places

The Brihanmumbai Municipal Corporation (BMC) has planned to rejuvenate 319 ponds across Mumbai and turn them into clean, attractive spaces for public use and tourism. The initiative will be funded through corporate social responsibility (CSR) contributions from private companies, with the aim of improving aesthetics, biodiversity, and cultural value. The first phase will include 30 ponds across different wards. Heritage ponds such as Bandra Talao and Banganga Tank will also be restored to promote local tourism and preserve Mumbai's cultural identity.Read more

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Omnia joins USD 9 billion TikTok data center project in Brazil

Omnia, a data center company backed by Patria, has partnered with Casa dos Ventos to develop a USD 9.25 billion (INR 50 billion) data center in Ceara, Brazil, which will be exclusively used by TikTok. The project will be the largest of its kind in Brazil, with a power capacity of 300 megawatts. Construction is expected to begin later this year, with operations set for 2027. It will also be Brazil's first data center designed for exporting data, powered by renewable energy sources for sustainable operations.Read more

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DMRC showcases global expertise at Smart City Expo in Barcelona

The Delhi Metro Rail Corporation (DMRC) showcased its global ambitions at the Smart City Expo World Congress in Barcelona, highlighting its capabilities as an international metro-rail consultancy. Indian Ambassador to Spain Jayant N Khobragade visited the DMRC booth, where officials outlined the organisation's expertise in delivering end-to-end metro solutions from design and construction to operations and maintenance. The event, a leading platform for sustainable urban development, drew participants from over 100 countries. DMRC's participation underscored India's growing role in global urban mobility discussions and marked a key step in its evolution from a national operator to a global player in sustainable transit consultancy.Read more

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Orsted sells half of Hornsea 3 wind farm in UK to Apollo for about USD 6 billion

Danish renewable energy company Orsted has agreed to sell a 50 percent stake in Britain�s Hornsea 3 offshore wind project to Apollo Global Management for about DKK 39 billion (around USD 6 billion). As part of the deal, Apollo will also fund half of the remaining construction costs. The project, with a total capacity of 2.9 GW, is expected to supply power to over three million UK homes once completed in 2027. The sale forms part of Orsted�s broader plan to strengthen its balance sheet and manage rising development costs.Read more

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Ahmedabad Airport adds new parallel taxiway to ease congestion and improve aircraft movement

The Sardar Vallabhbhai Patel International Airport (SVPI) in Ahmedabad has developed a new parallel taxiway for Code C aircraft to enhance ground handling efficiency and reduce delays. The taxiway is expected to become operational by the end of December after getting approval from the Directorate General of Civil Aviation (DGCA). Once active, the airport�s aircraft movement capacity could rise by nearly 20 %, helping reduce fuel use and turnaround time. The project follows earlier upgrades, including a 395-metre taxiway extension commissioned in May 2024.Read more

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Odisha to invest INR 46,000 crore in new port and shipbuilding hub near Paradip

Odisha has announced a combined investment of over INR 46,000 crore to develop a new deep?water port at Bahuda in Ganjam district and a ship building and repair centre at the Mahanadi river mouth near Paradip. The projects include a world class cruise terminal in Puri and are expected to boost trade, tourism, and industry. Paradip Port, central to the state's maritime growth, has expanded cargo capacity from 71 million tonnes in 2015 to 150 million tonnes by 2025, with targets of 300-500 million tonnes under national maritime plans.Read more

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IRB InvIT Fund acquires three highway assets worth INR 8,436 crore

IRB InvIT Fund has completed the acquisition of three highway assets from IRB Infrastructure Trust, valued at around INR 8,436 crore. Supported by INR 4,250 crore in fresh investments from global and domestic investors, the deal expands the Fund�s footprint to Uttar Pradesh and Haryana, bringing its total portfolio to nine operational highway projects worth about INR 16,000 crore. The acquisition extends the average concession life from 14 to 17 years and marks IRB InvIT�s first major fundraising since its 2017 listing. The move strengthens the Fund�s long-term growth strategy, enhancing value for investors and reinforcing its leadership in India�s highway infrastructure sector.Read more

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MMRDA plans 21 km double-deck flyover from Shil Phata to Bhiwandi

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced a plan to build a 21-kilometre double-deck flyover connecting Shil Phata junction with Ranjnoli junction near Bhiwandi. The structure will include a four-lane road on the lower level and dedicated space for three metro lines on the upper deck. The corridor will connect with major projects like the Airoli-Katai Freeway, the Virar-Alibaug Multi-Modal Corridor, and the Mumbai-Ahmedabad Bullet Train alignment. The project aims to ease congestion and improve connectivity between Navi Mumbai, Kalyan, Dombivli, and Bhiwandi.Read more

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Punjab unveils Shahpur Kandi project to boost irrigation, power generation and tourism

Punjab Chief Minister Shri Bhagwant Mann inaugurated the Shahpur Kandi project earlier this week, aiming to strengthen the state's power generation and irrigation infrastructure. Built at a cost of around INR 3,394.49 crore, with Punjab contributing the major share and the remainder funded by the Centre, the project will benefit large tracts of farmland in the Majha region while creating employment opportunities. The dam will also support optimal use of water from the Ranjit Sagar dam and help prevent wastage flowing into Pakistan.Read more

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Maharashtra Cabinet clears 21 key proposals across infrastructure, health and housing

The Maharashtra Cabinet approved 21 key decisions spanning infrastructure, education, housing, health, and governance. It decided to dissolve Maha ARC Ltd after the RBI denied it a licence, and approved a state guarantee for a INR 2,000 crore HUDCO loan to fund land acquisition for the Virar-Alibaug Transport Corridor. Grants were sanctioned for new postgraduate courses at Nagpur's Laxmi Narayan Institute of Technology, and land regularisation under PMAY in Solapur will enable 30,000 homes. Other approvals covered Guru Tegh Bahadur's 350th martyrdom commemorations, judicial expansions, healthcare reforms, and regularisation of long-term leases. A Bandra land parcel was leased to Tirumala Tirupati Devasthanam for community facilities.Read more

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Gujarat announces five new satellite towns to promote planned urbanisation

The Gujarat Urban Development Department has announced that Kalol, Sanand, Savli, Bardoli, and Hirasar will be developed as new satellite towns under their respective urban development authorities, as part of the state's strategy to promote planned urbanisation and balanced regional growth. A high-level committee led by the Principal Secretary of Urban Development, along with municipal commissioners and officials from key departments, will oversee planning, financing, and implementation to align infrastructure with adjoining metropolitan standards. The government has allocated INR 50 crore for the project�s first phase, with urban authorities directed to assess manpower and resource needs. Each location has distinct potential-Sanand as an emerging semiconductor and industrial hub near Ahmedabad, Kalol's industrial-residential growth near Gandhinagar, Savli's ongoing expansion under Vadodara, Bardoli's inclusion in the Surat Growth Hub, and Hirasar's development around Rajkot's new international airport.Read more

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Goregaon East metro station renamed as Zurich Kotak Goregaon East

Zurich Kotak General Insurance has partnered with Mumbai Metro to brand the Goregaon East station on Metro Line 7 as 'Zurich Kotak Goregaon East.' Located beside NESCO, one of Mumbai's major commercial hubs, the station serves thousands of daily commuters and connects key residential and business areas such as Goregaon and Andheri. The initiative reflects the company's vision to integrate its brand with the city's mobility ecosystem while symbolizing progress, reliability, and long-term commitment to India's growing infrastructure landscape.Read more

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20,000 villagers rally against formation of Himmatnagar Urban Development Authority

Around 20,000 villagers from 11 villages in Himmatnagar taluka of Sabarkantha district participated in a protest rally at Kanknol village, demanding that the government withdraw its decision to establish the Himmatnagar Urban Development Authority (HUDA). The proposed body involves acquiring about 7,600 acres of farmland, impacting nearly 9,000 farmers. Protestors have been holding demonstrations for over 40 days, alleging that the plan threatens agricultural livelihoods. They have given a 15-day ultimatum to the state, warning of an indefinite fast if their demand is ignored.Read more

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Singapore to preserve Lee Kuan Yew's former home as a national monument

The Singapore government has announced plans to gazette the bungalow at 38 Oxley Road, the former home of founding Prime Minister Lee Kuan Yew, as a national monument. Built in 1898, the house was deemed of great historic value by the National Heritage Board and Singapore Land Authority for its role during the 1950s when Singapore was transitioning from a colony to an independent nation. Although Lee's will requested its demolition, the government stated it would preserve the site respectfully, removing all traces of private living areas if it becomes a public heritage space.Read more

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Mumbai Airport to halt flight operations for six hours on November 20 for maintenance

The Mumbai International Airport Ltd (MIAL) has announced a temporary suspension of flight operations on November 20 for six hours to carry out its annual post-monsoon maintenance. Both intersecting runways 09/27 and 14/32 will remain closed from 11 am to 5 pm. The airport operator has issued a Notice to Airmen (NOTAM) in advance to help airlines and ground staff adjust flight schedules and operations. The maintenance will include surface repairs, technical inspections, and checks of runway lights, markings, and drainage systems.Read more

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Tuticorin port inks green-energy investment proposals over INR 1 lakh crore

The V.O. Chidambaranar Port Authority (VOCPA) in Tuticorin revealed that it has entered into 28 agreements with major players in the green-energy space, totaling investments exceeding around INR 1.27 lakh crore (over USD 15 billion). The key pacts include a storage facility for green ammonia with Green Infra Renewable Energy Farms Private Limited (a part of the Sembcorp group) valued at INR 25,400 crore; a green ammonia production plant with ACME Green Hydrogen and Chemicals Private Limited (1,200 MTPD) worth INR 12,000 crore; and a 300 TPD facility with CGS Energy Private Limited valued at INR 5,000 crore. These moves build on the port's earlier pilot green-hydrogen and renewable-energy efforts, and signal a pivot towards becoming a green-hydrogen hub in southern India.Read more

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PM Modi to inaugurate new Vande Bharat train connecting Varanasi and Khajuraho

Prime Minister Shri Narendra Modi will inaugurate the Varanasi-Khajuraho Vande Bharat Express later this week, marking another addition to India's expanding semi-high-speed rail network. The train will operate six days a week, covering 443 km in about 7 hours 40 minutes. It will connect major cities and pilgrimage points such as Vindhyachal, Prayagraj Chheoki, Chitrakut Dham, Banda, and Mahoba. This will be the fifth Vande Bharat Express originating from Varanasi, aimed at improving tourism and easing travel between eastern Uttar Pradesh and central Madhya Pradesh.Read more

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Noida and Ghaziabad property registrations to pause from Nov 8-11 for system upgrade

The Uttar Pradesh Stamp and Registration Department has announced that property registration services in Noida and Ghaziabad will be suspended from 8 to 11 November as the online portal transitions from the NIC-operated Meghraj cloud to the National Govt Cloud (NGC). The move aims to improve system reliability, speed, and data security. Assistant Inspector General Brijesh Kumar said legal professionals and the public were notified in advance to plan their activities. With around 1,300 registrations processed daily across both cities, the two working-day halt is expected to affect revenue. Sub-registrar staff will remain on duty during the migration to assist with testing and system reactivation.Read more

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KPI Green Energy signs 150 MW wind power deal with Gujarat utility

KPI Green Energy has entered into an agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL) to supply electricity from a 150 MW wind energy project. This follows a Letter of Intent issued under GUVNL's competitive bidding process and subsequent approval of the tariff and PPA by the Gujarat Electricity Regulatory Commission. The project will start supplying power in November 2027 at a fixed rate of INR 3.64 per unit for 25 years. The move strengthens KPI Green's wind portfolio and supports its target of 10 GW of renewable capacity by 2030.Read more

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BMC to resurface Vikhroli, Vakola and Aarey flyovers under INR 35 crore plan

The Brihanmumbai Municipal Corporation (BMC) will take charge of resurfacing three key flyovers at Vikhroli, Vakola and Aarey, under a project estimated at around INR 30-35 crore, with reimbursement to follow from the Maharashtra State Road Development Corporation (MSRDC). The move follows directives from Shri Piyush Goyal and Shri Devendra Fadnavis aimed at easing traffic flow on the Western Express Highway. Tendering was scheduled this week and work is expected to begin in early December. The flyovers, though under MSRDC's jurisdiction, will now be handled by the civic body to speed up repairs.Read more

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