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%

Location : Patna

Google to invest USD 15 billion in Visakhapatnam AI hub amid growing India demand

Google Cloud has announced a USD 15 billion investment to develop an artificial intelligence (AI) hub in Visakhapatnam, Andhra Pradesh, reflecting strong demand for local AI and data solutions. The project will include a large-scale data centre and sovereign infrastructure to keep user data within India. According to Matt Renner, president of global revenue at Google Cloud, Indian businesses in both B2B and B2C sectors are driving broad AI adoption. The initiative underscores India�s growing digital infrastructure market and Google�s long-term expansion strategy in the country.Read more

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New Patna Metro begins service, but slow speeds and unfinished work draw scrutiny

The first operational section of the Patna Metro, covering a 3.45-km elevated stretch from Pataliputra Bus Terminal to Bhoothnath, began services last month. Developed at a total project cost of INR 13,925.5 crore, the metro is jointly funded by JICA, the central, and the state governments. Managed by Delhi Metro Rail Corporation (DMRC), this launch precedes full operations planned for 2027. While the opening has created public excitement, several residents have pointed out incomplete civil work and slower train speeds compared to metros in larger cities.Read more

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Patna Smart City deploys surveillance network across Ganga ghats for Chhath preparations

Patna Smart City Limited installed a surveillance network of 187 cameras covering 35 major ghats along the Ganga river to support the forthcoming Chhath Mahaparv in Patna. The cameras, which include fixed and pan-tilt-zoom units, are linked to the city's Integrated Command and Control Centre (ICCC). Four temporary control rooms will also be operational, managed by district administration and police teams. Alongside this, 16 public address (PA) systems at the ghats will broadcast safety and cleanliness messages.Read more

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Sify begins INR 1,500-crore AI-powered edge data center project in Visakhapatnam

Sify Infinit Spaces, a subsidiary of Nasdaq-listed Sify Technologies, has commenced development of a 50 MW AI-powered Edge Data Center and an Open Cable Landing Station (CLS) in Visakhapatnam, Andhra Pradesh. With an investment of INR 1,500 crore, the project will be executed in two phases and is expected to generate employment for over 1,000 people. It aims to enhance AI computing capabilities, provide low-latency connectivity with Southeast Asia and Australia, and strengthen the city's position as a key hub for digital infrastructure and global connectivity.Read more

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Patna Metro's first phase launched: 3.6 km Blue Line now operational

Patna's metro services began with the inauguration of the Blue Line's first phase by Chief Minister Shri Nitish Kumar. The 3.6-kilometer elevated stretch links ISBT, Zero Mile, and Bhoothnath stations and is part of Corridor-II, which will cover 14.5 kilometers in total. Trains feature seating for 158 passengers and standing space for 940, with designs reflecting Bihar's cultural heritage. Stations and depots are equipped with modern amenities. The INR 13,925-crore project, started in 2019, faced delays but promises to ease traffic and modernize the city's public transport.Read more

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ITC Hotels to manage new luxury property in Patna under Bihar tourism initiative

ITC Hotels has signed a definitive agreement with Kumar Infra Hotel Private Limited (KIHPL) to operate a 140-room luxury hotel in Patna, Bihar. Awarded through a competitive government bidding process, the project forms part of Bihar's ongoing tourism development strategy. Spanning 1.5 acres, the hotel aims to strengthen the state's luxury hospitality segment. ITC Hotels plans to showcase its renowned culinary standards and service quality while reflecting the local culture, heritage, and traditions through architecture, arts, crafts, and curated indigenous experiences.Read more

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VMRDA launches INR 175 crore road project to improve access to Bhogapuram Airport

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has launched a INR 175 crore project to build seven master plan roads totaling 27 km, aimed at enhancing connectivity to the upcoming Bhogapuram International Airport. These roads pass through key areas including Bheemili, Anandapuram, Gambheeram, and Adavivaram-Sontyam near Simhachalam. The project is designed to reduce congestion on the national highway and support smoother traffic flow. Officials highlighted that these roads will also act as development corridors, boosting regional infrastructure and urban growth.Read more

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Visakhapatnam and Vijayawada metro projects open for joint venture bids

The Andhra Pradesh Metro Rail Corporation (APMRC) has authorized joint venture (JV) participation in the International Competitive Bidding (ICB) tenders for Phase 1 of the Visakhapatnam and Vijayawada metro rail projects. This move aims to encourage wider participation and expedite project completion. The Phase 1 tenders cover 46.23 km in Visakhapatnam and 38 km in Vijayawada, accounting for 40% of each project's cost and focusing on civil works. The APMRC has set the tender submission deadlines for Visakhapatnam and Vijayawada metro projects as October 10 and October 14, respectively, with no plans for extensions. The metro projects are expected to be completed within 35 to 40 months and become operational by 2028.Read more

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IHCL partners Varun Hospitality to launch Taj in Visakhapatnam

Indian Hotels Company Ltd (IHCL) has announced plans to launch a 310-key Taj hotel in Visakhapatnam, marking the debut of the iconic brand in the coastal city. The greenfield project, developed in partnership with Varun Hospitality Pvt Ltd, reflects IHCL's strategy to expand its footprint in key leisure and business destinations. MD & CEO Puneet Chhatwal said the venture strengthens the company's partnership with Varun Hospitality while adding a landmark property to its portfolio. As Visakhapatnam grows as both a tourist and commercial hub, the new Taj hotel is expected to elevate the city's hospitality landscape with world-class luxury offerings.Read more

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Hindustan Construction Company secures major contracts for Patna Metro underground works

Hindustan Construction Company Ltd (HCC) has secured two contracts worth INR 1,418.3 crore and INR 1,147.51 crore from Patna Metro Rail Corporation Ltd under Phase I of the Patna Metro project. The works span 10.67 km of underground twin tunnels using Tunnel Boring Machines and six metro stations on the Danapur-Khemnichak Corridor. Package PC-05 includes tunnels, a cut-and-cover ramp at Mithapur, and stations at Vikas Bhawan, Vidyut Bhawan, and Patna Station. Package PC-06 covers an underground ramp at Rukanpura and stations at Rukanpura, Raja Bazar, and Patna Zoo. HCC, with metro experience in Delhi, Mumbai, Bengaluru, and Kolkata, strengthens its role in India's metro infrastructure.Read more

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VMRDA unveils ambitious plan for theme-based townships in Visakhapatnam

The Visakhapatnam Metropolitan Region Development Authority initiated plans to develop four theme-based, self-sustaining townships covering about 500 acres. Each will focus on sectors such as IT and innovation, health and wellness, education and knowledge, or tourism and culture. Located near industrial hubs, the developments are aimed at encouraging a walk-to-work culture. A transaction advisor will be appointed to assess feasibility, structure funding models, and oversee the bidding process. The initiative is expected to generate major employment opportunities and attract significant domestic and international investments.Read more

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Visakhapatnam emerges as a growing technology hub with fresh IT investments

Visakhapatnam is set to witness significant growth in its information technology sector, as five companies, including Sify and Phenom People, have committed to establishing data centre operations in the city. The Andhra Pradesh government, earlier this week, approved land allotments for these companies, which have proposed a collective investment of INR 19,000 crore. These projects are expected to generate large-scale employment opportunities, positioning Visakhapatnam as a key player in India's digital infrastructure ecosystem. Authorities consider this initiative a pivotal step towards expanding the state's digital economy and supporting the broader vision of a technology-driven urban landscape.Read more

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Visakhapatnam introduces an automatic property tax update system for new owners

Greater Visakhapatnam Municipal Corporation has rolled out a new mechanism to automatically update property tax records in the name of new owners following property registration. This reform removes the need for manual name change applications and visits to municipal offices. Mutation charges are now collected at the sub-registrar's office itself, triggering real-time data integration into GVMC's system. Officials have called on citizens to stay informed about the new process, which is being seen as a major administrative ease measure in Andhra Pradesh's ongoing push for urban digitisation and governance transparency.Read more

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Draft Master Plan 2041 for Vizag region nears final stage after extensive public input

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) concluded its final public consultations for the Draft Master Plan-2041 after extensive stakeholder engagement across Visakhapatnam, Anakapalli, and Vizianagaram. Concerns over potential land-use favoritism prompted a deadline extension and the formation of a technical committee to review feedback. Spanning 6,700 sq km, the plan includes key infrastructure like Vizag Metro, Bhogapuram Airport, and the Visakhapatnam-Chennai Industrial Corridor. It also proposes transit-oriented zones, slum upgrades, and smart infrastructure. Focused on sustainable, inclusive development, the plan aims to balance growth with environmental protection and decentralised urban expansion across the fast-growing coastal region.Read more

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Sattva Group to invest INR 1,500 crore in mixed-use project in Visakhapatnam

Bengaluru-headquartered Sattva Group has committed an investment of INR 1,500 crore to develop a 30-acre mixed-use project named 'Sattva Vantage Vizag Campus' in Visakhapatnam, Andhra Pradesh. The initiative follows recent discussions with Andhra Pradesh's IT Minister, Nara Lokesh. Designed with a focus on sustainability and smart urban infrastructure, the project will feature Grade A office spaces and premium residences. The group expects the development to create over 25,000 direct jobs and support Andhra Pradesh's economic ambitions. This comes alongside Sattva's growing footprint in Goa, Pune, Kolkata, and a potential entry into the Mumbai market.Read more

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RAI hosts first Visakhapatnam Retail Summit to spotlight regional retail growth

The Retailers Association of India (RAI) convened the first Visakhapatnam Retail Summit at Novotel to highlight Andhra Pradesh's fast-evolving retail sector. The event gathered top industry leaders and brands such as Neeru's, CMR, Kankatala, and BigBasket to discuss profitability beyond metro markets, tech integration, and customer shifts in Tier-2 and Tier-3 cities. Speakers explored how Andhra's pro-business policies and rising consumer aspirations are transforming Visakhapatnam into a strategic retail hub. Key themes included localisation, digital access, and the balance between tradition and modernisation.Read more

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Visakhapatnam: VMRDA launches first large-scale residential project in Madhurawada

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has approved a residential project featuring six 50-storey towers in Madhurawada, Visakhapatnam. This marks the first time in recent years such a project has been undertaken by an urban development authority in Andhra Pradesh. VMRDA will also develop middle-income group (MIG) housing projects in other parts of the city, offering subsidized 2BHK, 2.5BHK, and 3BHK flats. Both initiatives, under a public-private partnership model, aim to address housing needs and generate revenue, shifting VMRDA's focus to ready-to-move-in homes.Read more

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Patna Metro's priority corridor to open in August as work nears completion

The Patna Metro Rail Project is progressing well, with the priority corridor between Patna Junction and ISBT nearing completion. Bihar Urban Development Minister Jibesh Kumar recently inspected key sites, including the ISBT metro station and depot, and expressed satisfaction with the project's pace and quality. The 6.6-km priority corridor features five elevated stations: Malahi Pakri, Khemnichak (interchange), Bhoothnath, Zero Mile, and Patliputra ISBT. Inauguration is slated for August 15 this year. The ISBT depot, spanning 30.5 hectares, is being built at a cost of INR 142 crore and will support operations with maintenance facilities, a stabling yard, control centre, and sub-station. The Delhi Metro Rail Corporation (DMRC) is providing technical support. Once operational, the metro promises to improve urban mobility, offering Patna residents faster, safer, and eco-friendly transport options, marking a major step in Bihar's urban modernisation.Read more

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Vizag Metro development to begin in October 2025 with a double-decker model

The Andhra Pradesh government will begin construction of the Visakhapatnam Metro Rail Project in October 2025, with a double-decker model proposed to meet rising transport demands. A semi-ring road is also planned to improve connectivity, especially to the upcoming Bhogapuram Airport, with 15 of 22 approach roads already approved. In housing, INR 7,000 crore has been allocated to complete pending TIDCO homes, prioritizing women beneficiaries by Dasara. Under the AMRUT scheme, INR 834 crore is being invested in water supply projects. At a VMRDA review, key concerns like sanitation, water shortages, and infrastructure gaps were addressed, reflecting a holistic push for urban development.Read more

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VMRDA seeks private partners to develop prime land in Visakhapatnam

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) will conduct investor roadshows in Hyderabad and Bengaluru to promote a public-private partnership project for developing 88 acres in Madhurawada. Valued at INR 500 crore, the land holds strategic importance due to its proximity to major infrastructure, including a proposed metro station, an upcoming data centre, and Bhogapuram International Airport. VMRDA aims to attract investments for mixed-use developments such as residential, commercial, hospitality, and entertainment projects. This effort supports Andhra Pradesh's goal to become a USD 2.4 trillion economy by 2047, establishing Visakhapatnam as a key driver in the region's overall development.Read more

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