Chinese banks to reduce existing mortgage rates starting October 25

Bengaluru-Chennai Expressway: 71-Km Stretch Opens for Toll-Free Travel

A 71-kilometer section of the Bengaluru-Chennai Expressway in Karnataka has been opened to the public, offering toll-free travel and significantly reducing travel time for commuters. Part of the larger 260-kilometer expressway connecting Bengaluru in Karnataka to Chennai in Tamil Nadu, this stretch has become a popular choice for recreational long drives. Once fully operational by August 2025, the expressway will cut travel time between Bengaluru and Chennai from six hours to just three, with a designed speed limit of 120 km/h. The project spans Karnataka, Andhra Pradesh, and Tamil Nadu, promi..

DME Development Ltd Raises Rs 7.75 Billion via Green Bonds

DME Development Ltd (DMEDL), a wholly owned subsidiary of the National Highways Authority of India (NHAI), has raised Rs 7.75 billion through the first-ever issuance of Green Bonds in the roads and highways sector. The bonds aim to promote infrastructure development while ensuring environmental sustainability. NHAI Chairman Santosh Kumar Yadav expressed satisfaction with the response, stating, "This unique initiative sets a benchmark in the sector and encourages participation from diverse investors." Similarly, NHAI Member (Finance) and DMEDL Chairman NRVVMK Rajendra Kumar highlighted the str..

Indore Assigns Rs 4.5 Billion for Road Development, Green Initiatives

The Indore Municipal Corporation (IMC) has approved Rs 4.5 billion for 23 road development projects aimed at improving urban infrastructure and promoting sustainable practices. The decision was taken during the mayor-in-council (MiC) meeting chaired by Mayor Pushyamitra Bhargava, alongside IMC Commissioner Shivam Verma and senior officials. The approved projects include the construction and widening of 23 major roads across the city, connecting key areas such as Bhagirathpura, Kila Maidan, and the airport. Additionally, 14 new roads aligned with Indore’s master plan were sanctioned, with de..