India Auctions 7 Coal Blocks in 12th Commercial Mining Round
The Ministry of Coal has concluded the forward auctions under the 12th round of commercial coal block allocations, held between 28 and 31 July 2025. Seven blocks were successfully auctioned, comprising three fully explored and four partially explored blocks. The round began on 27 March 2025.The total geological reserves of these blocks are approximately 1.76 billion tonnes, with a combined Peak Rated Capacity (PRC) of 5.25 million tonnes per annum (excluding the partially explored blocks). The auctions drew strong participation, with an average revenue share of 26.7 per cent, reflecting sustai..
DPIIT, HDFC Capital Sign MoU To Boost PropTech Innovation
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with HDFC Capital Advisors Limited to promote innovation and support startups in the affordable housing and PropTech sectors. This strategic alliance reinforces DPIIT’s commitment to nurturing an inclusive, innovation-led startup ecosystem in line with the objectives of Atmanirbhar Bharat and Viksit Bharat@2047.A central pillar of the partnership is the H@ART Programme (HDFC Affordable Real Estate and Technology Programme), a dedicated initiat..
L&T Exit Hits Bengaluru Rail Project, Sparks Political Row
The withdrawal of Larsen & Toubro (L&T) from two major corridors of the Bengaluru Suburban Railway Project (BSRP) has drawn strong political backlash, with BJP Members of Parliament accusing the Congress-led Karnataka government of bureaucratic inefficiency that has impeded the city’s much-anticipated transit initiative.Bangalore Central MP P.C. Mohan called the exit a “betrayal” of the people of Bengaluru. “L&T exits Bengaluru Suburban Rail Corridors 2 and 4 citing only 8.28 per cent land handover in two years. K-RIDE failed because the State Government did not clear land ..
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