360 infrastructure projects report cost overruns of Rs 3.88 trillion

Delhivery Expands Gateway Hub to Enhance Capacity

Delhivery, India's largest fully integrated logistics service provider, today announced the expansion of its Chandigarh Gateway Hub. The facility, spread across 2.35 lakh sq ft will accelerate the region’s economic growth and create thousands of direct and indirect work opportunities. It will also empower thousands of businesses in the region, enabling them with access to nationwide markets through improved inventory storage and order fulfillment capabilities."Chandigarh and its surrounding region remain a core market for us. This expansion directly addresses the needs of local businesses, e..

Arihant Buys Land in Chennai IT Hub for Rs 12 Bn Housing Project

Chennai-based real estate developer Arihant Foundations & Housing has acquired a prominent 3-acre land parcel on MGR Salai, Perungudi, at the gateway to the city's rapidly growing IT corridor along Old Mahabalipuram Road (OMR). The company plans to develop a premium residential project on the site, with a proposed built-up area of 0.7 million square feet and an estimated Gross Development Value (GDV) of Rs 12 billion.The project is currently awaiting final regulatory approvals before its official launch. Arihant is expected to announce the construction timeline in the coming months.Located..

Uravi Defence Acquires Stake in UK’s Spafax to Boost Global Reach

Uravi Defence & Technology, one of the leading manufacturer and supplier of incandescent and wedge-based automotive lamps, is pleased to announce the company has plan to acquire 100 per cent equity stake in SPAFAX International, a reputed UK based company through its holding company known for its high-performance Automotive Defence solutions. The proposed investment has been executed through Bharat Technology, a wholly owned subsidiary of Uravi Defence & Technology. Looking ahead, Uravi intends to gradually increase its ownership in SPAFAX through a phased acquisition strategy. The pla..