Mr. Ramnik Chopra, Managing Director, Coldwell Banker India

India Unveils First Locally Made Runway Cleaning System

In a significant step forward for the Government of India’s ‘Make in India’ campaign, the country’s first indigenously developed airport runway rubber and paint removal system, named CleanJet, has been launched. The advanced equipment, built by Bengaluru-based MSME Anlon Technology Solutions Limited, marks India’s entry into manufacturing this highly specialised aviation technology.Union Minister of State for Micro, Small and Medium Enterprises, Shobha Karandlaje, unveiled the system, which is officially called the Runway Rubber and Paint Removal Equipment System (RRPRES). The system..

Cabinet Clears Rs 64 Billion Rail Projects in Key States

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved two major railway infrastructure projects with a combined investment of Rs 64.05 billion. These projects aim to strengthen connectivity and freight movement across key states while supporting the government’s multi-modal logistics strategy.The approved projects include the 133-kilometre Koderma–Barkakana doubling in Jharkhand and the 185-kilometre Ballari–Chikjajur doubling, spanning Karnataka and Andhra Pradesh. Together, they will expand the Indian Railways network by 318 kilometres an..

IREDA Raises Rs 20 Billion via QIP to Boost Clean Energy

Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised Rs 20.06 billion through a Qualified Institutions Placement (QIP), issuing 121.5 million equity shares at Rs 165.14 each, inclusive of a Rs 155.14 premium over the Rs 10 face value.The issue price reflected a 5 per cent discount to the floor price of Rs 173.83 per share. Launched on 5 June 2025 and closed on 10 June, the QIP drew strong interest from a wide range of qualified institutional buyers (QIBs), both domestic and international, including insurance firms, scheduled banks, and foreign portfolio investors. Th..