
Adani NQXT Acquisition: Positive Diversification, Says Fitch Ratings

Surat Unveils India’s First Solar-Powered Smart Bus Station
Surat Municipal Corporation (SMC) inaugurated India’s first solar-powered smart bus station on Wednesday at Althan. Developed at a cost of Rs 16 million, this electric bus depot is being hailed as a pioneering model for sustainable urban infrastructure nationwide.The facility features a 100 kW rooftop solar power plant paired with a 224 kWh Battery Energy Storage System (BESS). Designed in partnership with the German development agency GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit), the station offers 24x7 green charging support by utilising solar energy alongside repurposed ..

Noida Authority Denies Waiver on ₹670 Million Transfer Charges to Max Estates
The Noida Authority has rejected Max Estates Private Limited’s request for waivers on charges related to the transfer of the Delhi One realty project, insisting the full amount must be paid. The developer is required to pay Rs 670 million in change in constitution (CIC) or transfer charges, as confirmed by the authority.Max Estates acquired the stalled Delhi One project in Sector 16B through the corporate insolvency resolution process (CIRP). The authority’s board, in a meeting on 14 June, reaffirmed the decision under its newly implemented Unified Policy that no waiver would be granted on..

Iconic Filmistan Studio in Goregaon West Set for Demolition by December
One of Bollywood’s historic studios, Filmistan Studio in Goregaon West, is set to be demolished by December following a long-awaited agreement that will clear the site for two 50-storey ultra-luxury residential towers. The Jalan family, owners of the studio properties, transferred their rights to Arkade Developers for Rs 1.83 billion on Thursday. Although the exact members of the Jalan family involved remain undisclosed, it is known that filmmaker Sasadhar Mukherjee, who established the studio in 1943, later sold it to Tolaram Jalan, a Kolkata-based film financier.Earlier in January, Arkade ..