Finance Ministry approves Rs.229.72 bn for residential projects
ECONOMY & POLICY

Finance Ministry approves Rs.229.72 bn for residential projects

The Finance Ministry announced that a Government-sponsored Alternate Investment Fund (AIF) has been set up to extend last-mile funding to complete delayed residential projects. As much as Rs.229.72 bn has been approved for for 243 projects. It will allow the completion of 141,045 homes across t...

The Finance Ministry announced that a Government-sponsored Alternate Investment Fund (AIF) has been set up to extend last-mile funding to complete delayed residential projects. As much as Rs.229.72 bn has been approved for for 243 projects. It will allow the completion of 141,045 homes across the nation. The fund, installed under the Special Window for Affordable and Mid-Income Housing (SWAMIH), has granted a final nod to investments of Rs.97.43 bn in 99 projects, while a preliminary approval was accorded to 144 projects involving investments of Rs.132.29 bn. The SWAMIH fund has already completed over 1,500 residential units in the last six months.

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Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

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Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

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Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

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