SC Halts Himachal HC's Gaggal Airport Expansion Stay

29 Jan 2024 CW Team

In a significant development, the Supreme Court has intervened to suspend the Himachal Pradesh High Court's order that put a halt to the expansion plans of Gaggal Airport. The HC's decision, which had temporarily stayed the airport's expansion, faced legal scrutiny resulting in the apex court's intervention.

The Gaggal Airport expansion has been a topic of contention, with authorities emphasizing its strategic importance for regional connectivity and economic development. The stay order imposed by the Himachal HC raised concerns about potential delays in the project, impacting the region's air travel infrastructure.

The Supreme Court's decision to suspend the HC order brings relief to proponents of the expansion, underlining the broader implications for the state's economic prospects and improved accessibility. This judicial intervention is expected to pave the way for the resumption of the expansion project, aligning with broader national goals for enhanced air connectivity and infrastructure development.

Key stakeholders, including aviation authorities, local communities, and investors, closely watched this legal battle, acknowledging its potential ramifications on regional development. The Supreme Court's timely intervention is perceived as a balancing act, considering both environmental concerns and the imperative for economic growth.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..