Modi Launches Rs 29,700 Mn Development Push In Daman
Prime Minister Narendra Modi inaugurated, dedicated and laid foundation stones for development projects worth around Rs 29,700 mn in Daman during a visit that formed the second leg of his regional engagements on June five, 2026. The package covers healthcare, civil aviation, tourism, connectivity, infrastructure and public welfare and was presented by the Prime Minister's Office as part of efforts to strengthen public services and regional economies. The announcements followed earlier engagements in Surat, where projects worth around Rs 188,000 million were launched. A key inauguration was the..
Rajasthan Sees Rs 150 bn Investment Momentum
Rajasthan has recorded Rs 150 billion (bn) in realised investments in its mining and petroleum sectors, with projects worth Rs 330 bn under execution, according to the state administration. The report indicated that the surge is driven by major industrial and infrastructure schemes that have reached advanced stages. Officials noted that prominent projects have already moved to operations or are approaching completion, reinforcing the state as an attractive destination for large-scale investment. Among the headline projects, UltraTech Cement has commissioned a plant valued at Rs 22.3 bn while H..
Vedanta Readies 5.2 Billion Refinancing After Upgrades
Vedanta is preparing a refinancing package totalling 5.2 billion dollars (bn) after recent credit rating upgrades, and has engaged financial advisers and banks to structure the transaction. The move follows upgrades that have improved access to capital markets and narrowed funding costs, enabling the group to pursue longer-dated financing. The company is targeting the refinancing to replace near-term maturities and to harmonise the debt profile across its diversified mining and metals businesses. The refinancing exercise is structured to include a mix of term loans, bonds and bilateral facilit..
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