UK PM Cancels Rail Project, Boosts Transport Spending

09 Oct 2023 CW Team

In a significant policy shift, the United Kingdom's Prime Minister has decided to cancel a substantial part of a major rail project. This decision marks a strategic move towards reallocating funds and resources for broader transport infrastructure development. The cancelled project had been a long-standing point of contention due to budgetary concerns and delays, prompting the government to rethink its priorities. The Prime Minister's announcement comes as part of a broader commitment to bolstering the country's transportation network. This includes investments in improving existing rail services, expanding road infrastructure, and enhancing public transport options across the UK. The decision reflects a recognition of the importance of a robust and efficient transport system in fostering economic growth, reducing congestion, and addressing environmental concerns. This development is expected to have far-reaching implications for the UK's infrastructure landscape, promoting sustainable mobility and connectivity. It signifies a shift towards prioritizing the needs of commuters and businesses while maintaining fiscal responsibility.

Real Estate

16 Dec 2025

Godrej Properties Logs Rs 26 Bn Sales in First Year in Hyderabad

Godrej Properties has reported housing sales worth over Rs 26 billion in its first year of operations in Hyderabad, underscoring a strong market entry and prompting the company to accelerate expansion plans in the city. The developer sees significant long-term growth potential in Hyderabad, driven by sustained demand for premium and luxury residential properties.The company entered the Hyderabad housing market in January this year with the launch of its first residential project at Kokapet. This was followed by a second project launch during the July–September quarter. Together, these two de..

Mahindra Unveils COMPAX Mini Compactor at EXCON 2025

Mahindra’s Construction Equipment business (MCE) recently unveiled the Mahindra COMPAX mini compactor for the road construction industry at the CII-organised EXCON exhibition held at BIEC, Bengaluru. Alongside the new launch, the company showcased its advanced CEV-V range of machines, featuring improved comfort, higher productivity and enhanced performance aimed at improving customer earnings.Speaking at the event, Dr Venkat Srinivas, Business Head – Mahindra Truck, Bus and Construction Equipment, and Executive Director & CEO – SML Mahindra Ltd, said Mahindra’s commercial vehicles ..

Puravankara Arm Secures Rs 5.09 Bn Bengaluru Luxury Project LoA

Puravankara has announced that its wholly owned subsidiary, Starworth Infrastructure & Construction (SICL), has received a Letter of Acceptance (LoA) valued at Rs 5.09 billion for a large-scale luxury residential project in Bengaluru. The contract reinforces the group’s construction portfolio and underlines its continued presence in the city’s premium housing segment.The LoA has been awarded by One Bangalore Luxury Projects LLP and pertains to the execution of Varnam Phase 1 of the One Bangalore Luxury Project, located in Devanahalli in Bengaluru Rural District. The scope of work inclu..