Titagarh Rail to Spin Off Shipbuilding Unit
Titagarh Rail Systems Ltd (TRSL) has announced plans to set up a wholly-owned subsidiary, Titagarh Naval Systems Ltd (TNSL), to handle its shipbuilding, maintenance, and services (SMS) business. The company’s board has approved, in principle, the transfer of the SMS division to TNSL, subject to regulatory approvals. TRSL said the move will allow it to focus on its core railway systems operations, while TNSL capitalises on maritime sector opportunities under various government initiatives.TNSL will have the flexibility to grow independently or bring in strategic partners or investors. Buildin..
PM Inaugurates 184 New Sustainable Flats for MPs
Prime Minister Narendra Modi today inaugurated 184 newly built type-seven multi-storey flats for Members of Parliament (MPs) at Baba Kharak Singh Marg in New Delhi. Addressing the gathering, he said that 21st-century India is both development-focused and conscious of its responsibilities.Since 2014, around 350 new MP residences have been completed, compared to none built for Lok Sabha MPs between 2004 and 2014. Modi noted that MPs from various states live together in these complexes, symbolising the spirit of Ek Bharat Shreshta Bharat. The four towers have been named after major Indian rivers ..
CapitaLand Plans Rs 192 Billion Investment in Maharashtra
CapitaLand Investment Limited (CLI), a global real asset manager, has signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest over Rs 192 billion by 2030, strengthening its presence in the Mumbai and Pune commercial real estate markets. The announcement was made on 12 August during the launch of CLI’s first data centre in India, located in Navi Mumbai. The event was attended by Singapore’s Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, and Maharashtra Chief Minister, Devendra Fadnavis.The planned investments will span business parks, d..
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