REC to offer financial assistance for Bangalore Metro project

Maharashtra Plans $50 Billion Infrastructure Push

The Maharashtra government is set to raise $50 billion over the next 3–4 months to fund a major infrastructure overhaul in the State, said Deputy CM Devendra Fadnavis at the India-Middle East-Europe Economic Corridor summit.Fadnavis highlighted that between 2014–2019, the State had invested around $30 billion in key projects such as the Coastal Road, Atal Setu, Samruddhi Mahamarg, and the Navi Mumbai International Airport. Now, the State is seeking funding from both domestic and foreign investors for its next big leap.A key highlight is the creation of a “third Mumbai”—a new urban zo..

CapMan Infra Expands into Sweden with Data Centre Deal

CapMan Infra’s data centre platform, soon to be renamed Kolo DC, will acquire three Swedish data centres—two in Stockholm and one in Piteå—from EcoDataCenter.These facilities offer Tier 3 equivalent redundancy, advanced security, and infrastructure that supports AI and high-performance computing (HPC). They also integrate sustainable features like solar panels and district heating for energy reuse.The acquisition marks CapMan’s entry into Sweden and is its third investment under its northern European platform, which already operates in Denmark and the Netherlands.The Piteå site offer..

India’s Industrial Output Rises 3% in March 2025

India’s Index of Industrial Production (IIP) recorded a 3% year-on-year growth in March 2025, according to the Quick Estimates released by the Ministry of Statistics and Programme Implementation (MOSPI). The overall index stood at 164.8, up from 160.0 in March 2024.Among the key sectors, electricity registered the highest growth at 6.3%, followed by manufacturing at 3.0%, and mining at 0.4%. Within manufacturing, 13 out of 23 industry groups showed positive growth. Top contributors included the manufacture of basic metals (6.9%), motor vehicles, trailers and semi-trailers (10.3%), and electr..