Promoters of Macrotech Developers repay Rs 1,596 cr debt to company

Chennai Plans Rs 2 Bn Footpath Upgrade For 200 km

The Greater Chennai Corporation (GCC) will build 200 kilometres of new footpaths at an estimated Rs 2 billion to make public streets safer for pedestrians. In the first phase, the civic body has invited bids from consultants to create designs worth about Rs 10 million, insisting on layouts that cut pedestrian–vehicle conflict and comply with Indian Road Congress, Complete Streets and GCC inclusive-design standards.Plans call for sufficient pavement width, seating areas, and seamless links to bus stops and Metro stations. “A truly walkable city needs continuous, accessible non-motorised-tra..

Adani Airports Raises $1 Billion for Mumbai Airport Expansion

Adani Airports Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises and India’s largest private airport operator, has successfully secured $1 billion financing through a project finance structure for its Mumbai International Airport (MIAL). The transaction involves issuance of $750 million notes maturing July 2029 (“Notes”) which shall be used for refinancing. The financing structure also includes provision to raise an additional $250 million, resulting in total financing of $1 billion. This framework will provide enhanced financial flexibility for the capital expenditure prog..

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..