India's Green Hydrogen Plan: Biomass Conversion
ARCs to Gain 500-700 bps in Residential Realty Recoveries
Asset reconstruction companies (ARCs) are expected to see a significant increase in recovery rates from stressed residential real estate projects, according to CRISIL Ratings. Recoveries could rise by 500-700 basis points, from 11% in March 2024 to 16-18% by March 2025. This improvement is driven by healthy demand, price appreciation in residential real estate, and increased investor interest. Recent amendments to the Insolvency and Bankruptcy Board of India (IBBI) regulations are also expected to facilitate better resolution of stressed real estate assets. CRISIL's analysis of its security re..
Delhi Metro's Shortest Magenta Line Section to Open Soon
The Delhi Metro Rail Corporation (DMRC) is set to inaugurate the shortest section of the Magenta Line, connecting two stations over a 300-metre stretch. This new section will link the existing Kalkaji Mandir station to the upcoming Tughlakabad station, improving connectivity in South Delhi. The construction of this section is nearly complete, with final safety checks and trials underway. Once operational, it will provide seamless travel for commuters and reduce travel time. This expansion is part of DMRC's broader efforts to enhance the efficiency and reach of the metro network. The Magenta Li..
Delhi Metro Phase IV: First Station Set for August Opening
Delhi Metro Rail Corporation (DMRC) is on track to open the first station of its ambitious Phase IV project by August 2024. This milestone marks a significant step in expanding the city's metro network, aiming to enhance connectivity and reduce congestion. The upcoming station is part of the Janakpuri West-RK Ashram Marg corridor, one of the three priority corridors under Phase IV. The construction work is in advanced stages, with civil works nearing completion and systems installation underway. Phase IV includes 65 kilometres of new metro lines, designed to cover under-served areas and provid..