Ambala Cantonment Domestic Airport To Be Inaugurated Soon
Third Runway Project At Navi Mumbai International Airport Gets Underway
City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) has appointed a joint venture of RITES Limited and Creative Group LLP to undertake a techno-commercial feasibility study for the development of a third runway at Navi Mumbai International Airport in Ulwe, Raigad district. The appointment follows the commencement of commercial operations at the airport, which was formally inaugurated by Prime Minister Narendra Modi on eight October 2025 and opened for commercial flights on 25 December 2025. The Navi Mumbai International Airport is the second international airport in the Mumb..
JM Financial PE Leads Rs 150 Crore Investment in NG Electro
JM Financial PE has led a Rs 150 crore (Rs 1,500 million, Rs 1.5 bn) investment in NG Electro Products, a company that operates a contract manufacturing platform. The private equity arm assumed the role of lead investor in the financing round aimed at supporting the platform's next phase of growth. The transaction was presented as a strategic infusion of capital to enhance operational scale and market reach. NG Electro Products operates a contract manufacturing platform that provides manufacturing services to a range of clients in electronics and allied sectors. The platform aggregates manufac..
HDFC Bank To Invest Rs 10 Billion In HDFC Life To Bolster Solvency
HDFC Bank will invest Rs 10 billion (Rs 10 bn) in HDFC Life Insurance Company through a preferential share allotment as the parent moves to strengthen the insurer's capital position amid evolving regulatory requirements. The insurer will issue 14.5 million (14.5 mn) equity shares to its parent at Rs 688.52 apiece, which will lift HDFC Bank's shareholding to 50.54 per cent from 50.21 per cent. The transaction follows the company announcing the allotment. The capital infusion follows a decline in HDFC Life's solvency ratio to 177 per cent at the end of March 2026 from 194 per cent a year earlier..

