Raichur Airport Project Gains Environmental Clearance
AVIATION & AIRPORTS

Raichur Airport Project Gains Environmental Clearance

The Raichur Greenfield Airport Project has secured environmental clearance from the Union Ministry of Environment and Forests, marking a key milestone for the Kalyan Karnataka region. Set to be developed near Raichur—a historically underdeveloped area—the airport aims to significantly impro...

The Raichur Greenfield Airport Project has secured environmental clearance from the Union Ministry of Environment and Forests, marking a key milestone for the Kalyan Karnataka region. Set to be developed near Raichur—a historically underdeveloped area—the airport aims to significantly improve regional connectivity and accessibility. The project is expected to attract investment, promote tourism, and support sectors such as agriculture, education, and healthcare. By enhancing mobility and creating employment opportunities, the airport aligns with state and central efforts to foster balanced development and bridge the urban-rural divide. Construction is now poised to commence following the ministry’s approval.Contact: Ministry of Environment, Forest and Climate ChangeWebsite: https://moef.gov.in/Email: apccfcentral-ngp-mef@gov.inPhone: 011-2469 5132

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Infrastructure Urban

ICICI Lombard Partners with Siddhivinayak Metro Station

ICICI Lombard, one of India’s leading private general insurers, has announced its partnership with the newly inaugurated Siddhivinayak Metro Station, a key stop on Mumbai’s first underground metro line. Located adjacent to the iconic Siddhivinayak Temple in Prabhadevi, the station forms part of the Mumbai Metro Line 3 (Aqua Line), developed by the Mumbai Metro Rail Corporation (MMRC).The inauguration was marked by Maharashtra Chief Minister Shri Devendra Fadnavis, who took a metro ride from BKC to the newly named ICICI Lombard Siddhivinayak Metro Station. The metro line aims to ease conges..

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Infrastructure Urban

Cholamandalam Financial Reports Rs 4.74 Bn Annual Profit

Cholamandalam Financial Holdings Limited (CFHL) has announced its audited financial results for the quarter and full year ended 31 March 2025, posting a consolidated profit after tax (PAT) of Rs 4.74 billion—a 23 per cent year-on-year (YoY) increase. Consolidated income for FY25 rose by 28 per cent YoY to Rs 33.46 billion.For Q4 FY25, consolidated income reached Rs 9 billion, up 26 per cent from the same period last year. Quarterly PAT stood at Rs 1.36 billion, reflecting a 19 per cent growth.Cholamandalam Investment & Finance Company Ltd (CIFCL), in which CFHL holds a 44.34 per cent sta..

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Infrastructure Urban

Puravankara Enters JV for Rs 33 Bn North Bengaluru Project

Puravankara Group (NSE: PURVA | BSE: 532891), one of India’s most respected real estate developers, has entered a joint venture with KVN Property Holdings LLP to develop a 24.59-acre land parcel in North Bengaluru. The project, expected to launch within the next six months, has an estimated Gross Development Value (GDV) exceeding Rs 33 billion.The upcoming development will span approximately 3.48 million sq ft of saleable area, strategically located near Kempegowda International Airport and several key infrastructure and employment corridors. This expansion reaffirms Puravankara’s growing ..

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