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Government greenlights IT Park in Derebail, Mangaluru
Edelweiss Alternatives to Acquire Bengaluru IT Park for Over Rs 14.75 Bn
In a strategic development, Edelweiss Alternatives is on the verge of acquiring an IT Park in Bengaluru, signalling a substantial investment in the real estate market. The acquisition, valued at over Rs 14.75 billion, reflects Edelweiss Alternatives' commitment to capitalising on the potential of the commercial real estate segment.
The Bengaluru IT Park, positioned as a key asset in the city's thriving business landscape, is poised to become part of Edelweiss Alternatives' portfolio. The significant financial commitment underscores the attractiveness of the commercial real estate secto..
TN Budget 2024: Coimbatore's Growth Plans
The Tamil Nadu Budget for 2024 reveals ambitious plans for Coimbatore, including the establishment of an IT park, a multi-storeyed industrial complex, and a science centre. The proposals signify a strategic focus on bolstering the city's infrastructure and promoting advancements in technology, industry, and scientific research.
The envisioned IT park aims to create a conducive environment for the growth of the information technology sector in Coimbatore, fostering innovation and attracting investments. Additionally, the multi-storeyed industrial complex is poised to enhance the region'..
Maha Metro to Begin Trials on Pune's Aqua Line Extension
IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer
IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.
IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.
The need for fresh appro..
Malaysian Carbon Credit Auction Begins July
In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.
The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.
The auction w..
