
Hitachi Unveils $1 Billion U.S. Grid Investment to Meet Energy Demand

NBCC Signs Rs 1.17 Bn MoU With HUDCO for Development Projects
State-owned NBCC (India) Ltd has signed an initial Memorandum of Understanding (MoU) with the Housing and Urban Development Corporation Ltd (HUDCO) to develop projects valued at over Rs 1.17 billion.The MoU, signed by Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and K P Mahadevaswamy, Chairman and Managing Director of NBCC, aims to "execute transformative development projects in Panchkula, Kaushambi, Ahmedabad and New Delhi," NBCC said in a statement on Monday.Under the agreement, NBCC will develop a commercial complex at Kaushambi in Ghaziabad, undertake an integrated redevelo..

Goa Cabinet Approves Rs 25 Bn PPP Development Projects
The Goa cabinet on Monday approved seven development projects valued at Rs 25 billion, to be executed on a Public Private Partnership (PPP) basis in the coastal state. Chief Minister Pramod Sawant said after the cabinet meeting that opting for the PPP model will enable faster project completion without drawing on state funds. The projects include the redevelopment of the Junta House and Circuit House buildings in Panaji, construction of a new Prashasan Stambh, reconstruction of government quarters at St Inez, Panaji, rebuilding the government garage, and the construction of the Kadamba Trans..

Peerless Group Invests Rs 11 Bn, Exits Insurance
The Peerless Group, which began as a small savings company and has grown into a multi-business conglomerate, is investing Rs 11 billion across sectors, focusing on healthcare and real estate while exiting its insurance business.At a press conference on Friday, chairman Partha Bhattacharya, managing director Jayanta Roy, and executive director Supriyo Sinha announced that group revenue rose from Rs 5.3 billion in FY22 to Rs 8.12 billion in FY25, reflecting steady progress towards its long-term vision. Over Rs 3 billion of the total investment was spent in FY25 alone, mainly in hospital and real..