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The Union Cabinet — chaired by Prime Minister Narendra Modi — is likely to approve a proposed initial public offer (IPO) by state-run India Infrastructure Finance Company (IIFCL) at its meeting on Wednesday, sources told Zee Business. The news comes at a time when India Infrastructure Finance Company, a public sector undertaking (PSU), has announced…
Tolling officially began on the Dwarka Expressway early on Sunday, November 9, taking many daily commuters by surprise. The National Highways Authority of India (NHAI) commenced toll collection at the Bijwasan plaza around 8 am, marking the first such implementation on the newly developed corridor linking Delhi and Gurugram. Motorists said they were unaware that…
Bharat Heavy Electricals Ltd (BHEL) on Wednesday, October 29, reported a sharp turnaround in its July-September quarter results, with consolidated net profit rising nearly threefold to Rs 374.9 crore from Rs 106.2 crore a year earlier. The improvement reflects stronger project execution and better operational efficiency across its key business segments. Revenue from operations rose…
Chief Minister Yogi Adityanath on Saturday, October 25, carried out a detailed inspection of the Noida International Airport (NIA) at Jewar in Gautam Buddha Nagar. He reviewed construction progress, terminal readiness and inauguration arrangements ahead of the airport’s formal opening on October 30. Accompanied by senior officials from the district administration, Noida International Airport Limited…
Gujarat Chief Minister Bhupendra Patel on Sunday, October 12, inaugurated the newly developed four-lane road connecting the Jain pilgrimage site Mahudi with Pilvai. The 4.45 km stretch, built at a cost of Rs 20 crore, is expected to ease traffic, reduce travel time and improve connectivity between Ahmedabad-Gandhinagar and Vijapur. Boost to pilgrim travel and…
Prime Minister Narendra Modi on Wednesday, October 8, inaugurated Phase 1 of the Navi Mumbai International Airport (NMIA), a landmark infrastructure project developed at an estimated cost of Rs 19,650 crore. According to sources, the event was attended by Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu, Union Minister of State Murlidhar Mohol, Maharashtra Chief…
Bihar Chief Minister Nitish Kumar on Monday, October 6, inaugurated the first phase of the Patna Metro, officially launching the state’s first-ever metro rail service between the Inter-State Bus Terminal (ISBT) and Bhoothnath station. The 3.6-km elevated stretch forms part of the Blue Line’s priority corridor, ANI reported. The project, developed in partnership with the…
Prime Minister Narendra Modi will visit Banswara on Thursday, September 25, to inaugurate and lay the foundation for development works worth Rs 1.08 lakh crore, according to officials, reported by IANS. The projects span energy, infrastructure, water and healthcare with the centrepiece being the Rs 42,000 crore Mahi Banswara Nuclear Power Project. Landmark energy push…
Prime Minister Narendra Modi on Monday launched infrastructure projects worth over Rs 5,125 crore in Arunachal Pradesh. The initiatives, covering energy, connectivity, tourism and healthcare, are aimed at accelerating the state’s long-term development. Major boost to hydropower capacity At the launch event held at Indira Gandhi Park in Itanagar, Modi virtually inaugurated two large hydropower…
India’s economy is on course to become the world’s third largest by 2030, with gross domestic product (GDP) expected to grow between 6.5 per cent and 9 per cent, according to the Department of Financial Services (DFS). The statement was made by DFS Secretary at the National Bank for Financing Infrastructure and Development (NaBFID) conclave,…