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%

Infrastructure News

Chennai removes 1,000 tonnes of construction waste daily across 15 zones

Chennai's civic authority cleared around 2 lakh tonnes of building waste across all city zones, with daily averages of 1,000 tonnes moved using more than 160 vehicles. The debris is being recycled into construction materials at municipal plants, offering cost savings and promoting reuse. A dedicated app tracks operations, while new rules have generated public engagement and INR?39.3 lakh in fines. Despite this, regulatory bodies flagged that processing plants remain inoperative, necessitating urgent action to meet environmental norms.Read more

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Sagarmala Initiative: India eyes global investment for port modernization

India is actively looking to attract foreign investment for its ambitious INR 25,000 crore maritime infrastructure development projects. This push aims to upgrade ports, enhance connectivity, and boost coastal economic activities, aligning with the Sagarmala Programme's objectives. By courting global funds, the government seeks to accelerate the modernization of its maritime sector, which is vital for trade, logistics efficiency, and overall economic growth. This strategy reflects India's commitment to transforming its coastline into a key driver of national prosperity and global trade integration.Read more

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India earmarks 15,000 acres for coastal shipbuilding hubs to attract INR 1.5 lakh crore investment

India plans to designate 15,000 acres along its coastline for the development of shipbuilding clusters, aiming to attract INR 1.5 lakh crore in investments. This initiative, led by the Ministry of Ports, Shipping and Waterways, seeks to bring global shipbuilding companies to India and boost the country's manufacturing capabilities in the maritime sector. Key states like Maharashtra, Odisha, Tamil Nadu, Andhra Pradesh, and Gujarat have identified land parcels for these projects, with states offering various incentives including subsidies for capital investment and skill development, as India targets becoming a global leader in shipbuilding.Read more

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Mumbai's Madh-Versova bridge project receives environmental clearance after a year's delay

The Madh-Versova bridge project in Mumbai has secured environmental clearance from the Union Environment Ministry, marking a key milestone for the INR 2,395 crore initiative. However, the project still requires Bombay High Court approval, as it will impact 2.3 hectares of protected mangroves. The 2.06-km cable-stayed bridge aims to connect Madh Island to Versova, easing travel by bypassing long detours. Environmental groups have raised concerns over the loss of stormwater buffers and the project's location in a former no-development zone. The BMC's Bridges Department is overseeing implementation, as the city continues to weigh infrastructure needs against ecological preservation in sensitive coastal areas.Read more

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Mumbai-Ahmedabad bullet train now expected to be completed by December 2029

The Mumbai-Ahmedabad bullet train project is now expected to be completed by December 2029, according to the Ministry of Railways. Land acquisition stands at 90.4%, with Maharashtra trailing at 76.5%. Construction progress includes 87.5% completion of viaducts, 80.5% of stations and tunnels, 76.8% of bridges, and 38.6% of track installation. Electrification work is at 27.6%. Managed by NHSRCL, the 508 km high-speed rail line aims to cut travel time between Mumbai and Ahmedabad to 2-3 hours. First announced in 2017 and delayed due to land issues, the project is seen as a major step in modernizing India's rail infrastructure.Read more

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Nagpur flood risk grows as retaining wall work stalls across key river zones

Flood risk is rising in parts of Nagpur-especially Pardi, Punapur, Kalamna, Wanjra, Wathoda, and Narsala-due to incomplete retaining walls along the Nag, Pili, and Pora rivers. Despite a INR 57 crore proposal under Maharashtra's flood mitigation program receiving in-principle approval, funds remain unreleased. Of an earlier INR 204.72 crore allocation, only INR 86.63 crore has been disbursed, stalling critical construction and contractor payments. Recent rains have already caused waterlogging, and a 2023 wall collapse near Ambazari dam sparked major damage and public outcry. The Nagpur civic body has appealed to the divisional commissioner, while residents have moved the Bombay High Court to demand urgent action.Read more

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Inox wind secures 51 MW order from first energy for wind turbines in Tamil Nadu

Inox Wind recently announced it has received a 51 megawatt (MW) order from First Energy Pvt Ltd, a Thermax Group company. This marks the first time First Energy has ordered Inox Wind's 3 MW class wind turbines. The project in Tamil Nadu will also include limited engineering, procurement, and construction (EPC) services, along with multi-year operations and maintenance (O&M) services. This partnership aims to help First Energy expand its renewable energy offerings and supports India's goals for energy transition, further solidifying Inox Wind's role in the country's wind power sector.Read more

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Goa's renewable energy push drives INR 325 crore solar boom by 2027

Goa's solar industry is set for a major leap, with projected growth in business turnover from INR 37 crore to INR 325 crore by 2027, backed by strong policy support and central subsidies. The Solar Power Association of Goa (SPAG) anticipates a sharp rise in solar capacity, consumer investments, and employment in the sector. Thanks to initiatives like the PM Surya Ghar Scheme and Goa's own solar policy, the state expects its solar footprint to expand to 65 MW in the next two years, significantly contributing to the green energy momentum.Read more

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Eco-tourism, green energy, and agro sectors flagged for investment in Ladakh

Ladakh Lieutenant Governor Kavinder Gupta recently interacted with representatives from the People of India Chamber of Commerce and Industry (PIOCCI) in New Delhi to discuss strategies for boosting foreign investments and economic development in the Union Territory. During the meeting, PIOCCI revealed its plans to organize a global investment summit specifically focused on Ladakh. Having recently assumed office on July 18, LG Gupta emphasized Ladakh's immense potential across sectors like eco-tourism, renewable energy, and agro-based industries, assuring potential investors of a favorable business environment backed by government incentives and support for socio-economic transformation.Read more

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TVS electronics unveils 'TVSE Aikya' platform to modernize IT infrastructure services

TVS Electronics has launched 'TVSE Aikya,' a new AI-OPS platform designed to help enterprises modernize, secure, and scale their IT infrastructure through comprehensive Infrastructure Managed Services (IMS). This platform offers a range of solutions, including hybrid cloud management, network services, and cybersecurity. Built with a focus on reliability and cost-efficiency, 'TVSE Aikya' utilizes open-source tools to reduce licensing costs. The initiative marks TVS Electronics' commitment to expanding its customer base across various industries and underscores its role in the evolving landscape of digital IT management, aiming to double revenue in this segment.Read more

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