SEBI extends auction date for properties of seven companies

DP World, DPA, Nevomo To Pilot MagRail Cargo System

DP World, Deendayal Port Authority (DPA), and Nevomo have signed a Memorandum of Understanding (MoU) to explore autonomous magnetic rail freight movement within Indian port ecosystems using Nevomo’s proprietary MagRail technology.The agreement aims to develop a 750-metre pilot project at Deendayal Port, deploying self-propelled rail-based cargo movement to improve operational efficiency and modernise port logistics.The MoU was signed by Sushil Kumar Singh, Chairman of Deendayal Port Authority; Rizwan Soomar, CEO & MD for Middle East, North Africa, and India Subcontinent at DP World; and ..

Crown LNG, PIL Ink Deal for Kakinada Gas Pipeline Link

Pipeline Infrastructure Ltd (PIL) and Crown LNG Holdings Ltd have signed a Memorandum of Understanding (MoU) to establish pipeline connectivity between Crown LNG’s proposed 7.2 million tonnes per annum gravity-based LNG terminal in Kakinada, Andhra Pradesh, and PIL’s existing natural gas pipeline network.The agreement, signed on 10 July by PIL MD Akhil Mehrotra and Crown LNG CEO Swapan Kataria, aims to link the regasification unit (GBSRU) with PIL’s injection point in Kakinada. This connection is expected to facilitate the evacuation of around 25 million standard cubic metres per day of ..

91Springboard Launches Chennai Hub, Expands National Presence

91Springboard has entered the Chennai market with a new 28,000 sq. ft. coworking hub in Guindy, expanding its network to nine cities. Located at Etica Malar-Aurum, the centre offers ~400 seats and features both ready-to-use private suites and customised built-to-suit workspaces.The new hub brings the company’s total offering to around 30,000 desks across over 1.5 million sq. ft. of space in India. This expansion aligns with Chennai’s growing commercial real estate market, which has seen record-high leasing activity driven by IT, BFSI, and Global Capability Centres (GCCs). As per an industr..