Jio Payments Bank has won a contract to implement the FASTag ANPR-based MLFF toll system at two plazas on the Gurugram-Jaipur highway. This marks JPBL's entry into next-generation electronic tolling, allowing vehicles to pass without stopping. Awarded through a tender by IHMCL as part of India's pilot MLFF project, JPBL has secured two of five bids so far. Building on its existing FASTag operations at 11 plazas, the bank is set to strengthen its role in India's digital payments ecosystem linked to infrastructure modernization and improved vehicle mobility.Read more

Niti Aayog has proposed a modern tax framework based on trust, transparency, and voluntary compliance to align with India's Viksit Bharat@2047 vision. In its working paper "Towards India's Tax Transformation: Decriminalisation and Trust-Based Governance," the Aayog suggested reforming criminal provisions under the Income-tax Act, 2025, to ensure punishments match the seriousness of offences. It emphasised reducing harsh penalties for minor violations and ensuring greater judicial discretion. The paper also supported ongoing initiatives such as Transparent Taxation and the Jan Vishwas Act to make compliance simpler and more efficient.Read more

Avaada Group plans to invest INR 36,000 crore in Gujarat, focusing on solar, wind, and Battery Energy Storage System (BESS) projects. The projects, scheduled to start between 2027 and 2030, include 5 GW of solar, 1 GW of wind, and 5 GWh of battery storage across Kutch, Banaskantha, and Surendranagar districts. The initiative is expected to create over 3,000 direct and indirect green jobs and provide employment to nearly 5,000 workers during construction. The investment reflects Avaada's commitment to India's renewable energy transition and Gujarat's goal of becoming a clean energy hub.Read more

The Tamil Nadu government has approved INR 1.2 crore for the development of road, water, and drainage infrastructure at the Thiruverumbur SIPCOT Industrial Park near Trichy Semi-Ring Road. Spread across 125 acres in Elandapatti and Suriyur villages, it will be Trichy's second major industrial estate after Manapparai SIPCOT. The state plans to allocate the park to a prominent electronics manufacturer, with support from Guidance Tamil Nadu. Proximity to Trichy International Airport is expected to boost land values, while infrastructure development will enhance investment and create employment in the region.Read more

Sify Infinit Spaces Ltd., a subsidiary of Sify Technologies Ltd., is planning a USD 500 million IPO, potentially becoming India's first listed data centre operator. The offering will include fresh issuance and sale by existing shareholders, managed by top financial institutions. India's data centre market is expected to more than double in the next three years, requiring INR 90,000 crore (USD 10.1 billion) in investments, driven by growing digital usage, AI adoption, and data localisation rules. Sify Infinit operates 14 sites across six cities and is backed by Kotak Private Equity.Read more

The Uttarakhand government has increased property circle rates across the state, with hikes ranging from 9% to 22% and an average rise of about 15%. This revision, the first in two years, reflects rising construction activity and higher land demand. Dehradun's Rajpur Road continues to be the priciest locality, while Thano Road recorded the steepest increase. The move is expected to make residential and commercial properties costlier and boost government revenue from property registrations, aligning property values with current market trends.Read more

Lodha Developers reported a 7% year-on-year increase in pre-sales, reaching INR 4,570 crore for the July-September quarter, reflecting strong market demand. Collections rose 13% to INR 3,480 crore, showing robust cash flow. For the first half of the financial year, pre-sales reached INR 9,020 crore, up 8%, while collections increased 10% to INR 6,360 crore. The company added a new project in the Mumbai Metropolitan Region valued at INR 2,300 crore, helping it achieve its full-year guidance of INR 25,000 crore ahead of schedule. Net debt remained at INR 5,370 crore.Read more

JSW One Platforms has raised INR 575 crore in a funding round led by JSW Steel and SBI, with participation from other institutional investors including Principal Asset Management, One-Up, ICL, and Scarlett Ventures. The funding will support growth by investing in the company's technology platform, expanding operations, and strengthening its NBFC arm. Serving India's construction and manufacturing MSMEs, JSW One provides procurement, credit, fulfilment, and private brand solutions. This latest round reinforces the company's efforts to scale services, improve operational efficiency, and provide more comprehensive support to MSMEs nationwide.Read more

KEC International, part of the RPG Group, has won new orders worth INR 1,102 crore spanning civil, transportation, transmission and distribution (T&D), and cables and conductors businesses. The orders include civil and structural works for a 150 MW thermal power plant in India, railway safety systems under the Kavach initiative, and supply contracts in the Americas and Middle East. These wins reflect the company's growing domestic and international presence. Its year-to-date order intake now totals INR 12,800 crore, reinforcing its position in key infrastructure sectors.Read more

The Maharashtra Housing and Area Development Authority (MHADA) has updated its 2007 redevelopment rules to make commercial area premiums more market-aligned and financially feasible. The new formula replaces the earlier fixed 1.5x residential rate, factoring in Ready Reckoner land values, DCPR percentages for commercial use, and local market price comparisons. The revision is aimed at addressing developers' concerns, encouraging stalled redevelopment projects, and facilitating the redevelopment of old housing societies in Mumbai. This is expected to increase housing supply while ensuring fair commercial viability.Read more