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Piramal Group partners with IIFL Wealth on an AIF to fund last mile projects

17 Dec 2019

Piramal Group and IIFL Wealth Management have announced a co-investment on an Alternative Investment Fund (AIF) platform to fund select advance stage / last-mile real estate projects across Tier 1 cities in India

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L&T awarded ‘significant’ contract for Rishikesh – Karanprayag Tunnel 2 works

17 Dec 2019

The heavy civil infrastructure business of L&T Construction has secured an order from Rail Vikas Nigam (RVNL) for the construction of Rishikesh – Karanprayag Tunnel 2 package works which comprises tunnels, bridges and formation works in the state of Uttarakhand

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DuPont and AGNIi partner to boost India’s innovation ecosystem

16 Dec 2019

DuPont is partnering with AGNIi (Accelerated Growth of New India’s Innovations), an initiative by the office of the Principal Scientific Advisor to the Government of India, executed by Invest India (the national investment promotion and facilitation agency of India), to support development of sustainable innovations and technologies across industries.

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Tech Mahindra Bags Rs 5 billion project from PCMC

16 Dec 2019

Tech Mahindra announced recently its largest smart city project worth Rs 5 billion from Pimpri Chinchwad Municipal Corporation (PCMC), Asia’s richest municipal corporation. Through this project, Tech Mahindra will engage with more than 1.5 million citizens of PCMC by enabling technology-led transformation to convert it into a smart and sustainable city.

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Tata Projects commences tunnelling work on Pune Metro

16 Dec 2019

TATA Projects has announced that the company has recently commenced work on the Pune Metro Underground line. The work commenced with the gigantic Tunnel Boring Machine being flagged off to start execution of its task from the Agriculture College grounds in Pune.

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Signify achieves carbon neutral operations in India

16 Dec 2019

Signify (Euronext: LIGHT) has achieved carbon neutrality in India, which is a part of its growth markets. The achievement is part of a total of five more markets – specifically ASEAN, Far East, India, Indonesia and Pacific – achieving carbon neutrality, boosting Signify’s number of markets with carbon-neutral operations to 15 out of a total of 19

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India’s data centre industry to see threefold revenue growth in five years: JLL

13 Dec 2019

India’s data centre industry that is set to register threefold growth in revenue to US$ 3.2 bn by 2024 and is likely to propel the development of additional real estate space of 7.8 mn sq for setting up data centre facilities, according to the latest report – India’s Data Centre Industry - Poised at the tipping point by JLL, released recently.

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Vikram Solar Brings Solar Energy to 3 More Airports in India

13 Dec 2019

Vikram Solar commissioned three new solar plants for Airport Authority of India (AAI) in Dibrugarh, Gaya, and Gondia, boosting the company’s contribution to solarisation of airports in India.

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Saudi Arabia boosts India’s growth story

01 Dec 2019

The two nations are strengthening ties with increased energy cooperation

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Four Indian Cities feature in JLL’s Premium Office Rent Tracker

12 Dec 2019

India’s top office submarkets across Delhi, Gurgaon, Mumbai and Bengaluru have found a place in JLL’s Global Premium Office Rent Tracker (PORT) that lists the world’s most premium office submarkets and compares occupancy costs for premium office buildings across the world’s leading real estate markets. The company released the fifth edition of PORT recently that includes 86 office submarkets in 73 cities.

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Union Cabinet approves NHAI’s request to set up an infrastructure investment trust

12 Dec 2019

As reported, the National Highways Authority of India (NHAI) received the Union Cabinet’s approval for setting up an infrastructure investment trust (InvIT) – permitting the body to monetise its completed national highways and therefore, fulfil its funding requirements.

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FASTags set the tone for Digital India

11 Dec 2019

Government extends deadline to obtain FASTags, will aid in sale of highway road assets

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