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Guwahati: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved two major hydroelectric projects in Arunachal Pradesh with a combined investment of over Rs 40,000 crore, signalling a significant push to expand hydropower capacity in the Northeast. The projects include the 1,720 MW Kamala Hydro Electric Project and the 1,200 MW Kalai-II Hydro Electric Project, aimed at strengthening energy generation, grid stability and peak demand management. T ...Read More >
New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the revision of the HPCL Rajasthan Refinery Limited (HRRL) project cost from Rs 43,129 crore to Rs 79,459 crore and additional equity investment of Rs 8,962 crore by the Hindustan Petroleum Corporation Limited (HPCL). The total equity investment of HPCL after the increment will be Rs 19,600 crore, according to an official statement. HRRL is a 9 million metric tonnes per a ...Read More >
New Delhi, April 8: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved Jaipur Metro Phase-2, a transformative 41 km long North-South corridor from Prahladpura to Todi Mod, comprising 36 stations, at a total project cost of INR 13,037.66 crore. According to a statement from the Cabinet, the project will be implemented by Rajasthan Metro Rail Corporation Limited (RMRCL), a 50:50 joint venture of the Government of India and the Government of Rajasthan. The Phase-2 corridor wi ...Read More >
New Delhi, Apr 8 (PTI) The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a sharp increase in the cost of the Rajasthan oil refinery project to Rs 79,459 crore, alongside additional equity support from Hindustan Petroleum Corporation Ltd (HPCL), as the government pushes to expand domestic refining and petrochemical capacity. The revised project cost of HPCL Rajasthan Refinery Ltd (HRRL) marks a significant jump from the earlier estimate of Rs 43,129 crore, according to an of ...Read More >
Jaipur, Apr 8 (PTI) Prime Minister Narendra Modi will inaugurate the HPCL-Rajasthan refinery at Pachpadra on April 21 -- a project that is expected to redefine the economy of western Rajasthan and emerge one of the country's largest integrated refinery-cum-petrochemical complexes. The inauguration of the refinery marks the culmination of a project whose journey has stretched over a decade and multiple governments. The 9 MMTPA project, whose cost has now more than doubled to around Rs 80,000 cr ...Read More >
New Delhi, April 8, 2026: Axis Max Life Insurance Limited ("Axis Max Life" / "Company"), formerly known as Max Life Insurance Company Limited, has secured the top position in the Hansa Research Customer Experience Study (CuES) 2026, ranking #1 among Indian life insurers with a Net Promoter Score (NPS) of 61. Conducted by Hansa Research, a full-service global market research agency conducting research in over 100 countries, the study captures insights from over 3,500 customers across 12 life insu ...Read More >
NewsVoir New Delhi [India], April 8: Axis Max Life Insurance Limited ("Axis Max Life" / "Company"), formerly known as Max Life Insurance Company Limited, has secured the top position in the Hansa Research Customer Experience Study (CuES) 2026, ranking #1 among Indian life insurers with a Net Promoter Score (NPS) of 61. Conducted by Hansa Research, a full-service global market research agency conducting research in over 100 countries, the study captures insights from over 3,500 customers across ...Read More >
Jaipur: Prime Minister Narendra Modi will visit Rajasthan on April 21 to inaugurate a refinery at Pachpadra in Barmer district, Chief Minister Bhajanlal Sharma has announced. "It is a matter of pride that the prime minister will visit Rajasthan to inaugurate the Pachpadra refinery," Chief Minister Bhananlal Sharma said on X late Tuesday night. The Greenfield Refinery-cum-Petrochemical Complex at Barmer was set up by HPCL Rajasthan Refinery Limited, which is a joint venture between the Hindusta ...Read More >
New Delhi: Air India CEO Campbell Wilson Tuesday said he has resigned, leaving the Tata Group-owned airline scrambling to find his replacement by September. In a statement, Air India said Wilson had conveyed his decision of stepping down to Tata Sons chairman N Chandrasekaran back in 2024, leading many to question why the salt-to-steel conglomerate hasn't been able to set a concrete succession plan yet. "Usually, the new CEO should be in place 3-6 months prior and work with the outgoing CEO to ...Read More >
New Delhi: The Competition Commission of India (CCI) on Tuesday approved Advent International's proposal to pick up a 14.3% stake in Aditya Birla Housing Finance. In February, the boards of Aditya Birla Capital and its subsidiary Aditya Birla Housing Finance (ABHFL) had cleared a proposal for a primary capital infusion of Rs 2,750 crore in ABHFL from Indriya, an Advent International entity. "The proposed combination envisages acquisition of equity shares (by way of preferential issue on a priv ...Read More >
Mumbai: Nexus Select Mall Management, the manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust, has approved the acquisition of a retail asset in Kolkata for an enterprise value of Rs 347.5 crore, as part of its ongoing portfolio expansion strategy. The company's board on Tuesday evening cleared the execution of definitive agreements for acquiring Diamond Plaza, a shopping mall with an estimated gross leasable area of around 244,000 sq ft. Also Read: Nexus Select Trust to p ...Read More >
New Delhi : Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long term wealth creation and financial protection, Promise4Wealth enables participation in market linked returns while offering the assurance of life insurance -- bringing together investment and protection in a more transparent, value ...Read More >
NEW DELHI, April 7, 2026 /PRNewswire/ -- Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next‑generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long‑term wealth creation and financial protection, Promise4Wealth enables participation in market‑linked returns while offering the assurance of life insurance -- bringing together investment and protection ...Read More >
Mumbai: Megha Engineering and Infrastructures Ltd (MEIL), MMRDA appointed contractor has today marked a major milestone with the successful launch of the Tunnel Boring Machine (TBM) 'Nayak' for the prestigious Thane-Borivali Twin Tunnel Project, in the presence of the Chief Minister of Maharashtra, Devendra Fadnavis, Deputy CM Eknath Shinde and Deputy CM Sunetra Pawar along with senior dignitaries and officials. The launch ceremony was attended by MEIL Managing Director Krishna Reddy, Director M ...Read More >
Jefferies initiated coverage on rail rolling stock makers, recommending a Buy for Titagarh Rail Systems with an Rs 810 target, citing strong passenger and metro coach demand. Conversely, it issued an Underperform rating for Jupiter Wagons with a Rs 200 target, citing its freight-heavy business and slower growth prospects. Jefferies has initiated coverage on two rail rolling stock makers with contrasting calls, betting on a sharp re-rating in Titagarh Rail Systems while turning cautious on Jupit ...Read More >
The company, in a regulatory filing on April 1, said that it has secured a land parcel in Sector 92, Gurugram. "The company has entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel," it said. "Strategically located in Sector 92, Gurugram, with close proximity to the Dwarka Expressway, the project is well-positioned to benefit from the area's improving infrastructure, enhanced connectivity to key business districts, and growing residential demand. The development is env ...Read More >
New Delhi [India], April 3 (ANI): Wholesale volume prints for the month of March 2026 came in healthy, as passenger vehicle (PV) & Tractor space outperformed. A steady growth trend was witnessed in the two-wheeler (2W) and commercial vehicle (CV) space. "OEM wholesale sales volume for March 2026 came in healthy with PV & Tractors segments outperforming peers," according to an ICICI Direct Research report. It further noted that "FY26 ends on a high note with healthy growth across all vehicle cat ...Read More >
Mumbai : In a major development, Lloyds Metals and Energy Limited (LMEL) has announced the successful acquisition of the CHEMAF Group ("CHEMAF"), comprising Chemaf Resources Limited, Chemaf SA, and associated entities -- leading copper and cobalt mining and processing companies operating in the Democratic Republic of Congo (DRC). The acquisition was executed on March 27, 2026, through Virtus Lloyds Minerals Holding (VLMH), a joint venture between entity of Lloyds Metals (49%) and Virtus Minerals ...Read More >
New Delhi: Domestic passenger vehicle sales rose by 16% in March, elevating annual volumes to a record 4.7 million vehicles in the just-ended fiscal year, largely fuelled by enhanced affordability after tax cuts last September and introduction of several new models. Sales of cars, sedans, and utility vehicles rose 8.3% to 4.7 million units in FY26, from 4.34 million units the year before. The Centre cut the goods and services tax (GST) on passenger vehicles with effect from September 22. Compan ...Read More >
New Delhi [India], April 1 (ANI): Union Minister G Kishan Reddy on Wednesday said that coal gasification can help India reduce imports of petrochemicals, crude oil and fertilisers, as the government pushes to scale up the sector through incentives and new investments. "We are importing petrochemicals, crude oil and fertiliser. All these things we can substitute through coal gasification projects," Reddy told reporters on the sidelines of a land leasing agreement for the Coal Gasification projec ...Read More >
New Delhi, Apr 1 (PTI) The production-linked incentive scheme to boost domestic mobile phone manufacturing received more than twice the target investment at Rs 17,519 crore, and total production has exceeded the target by 36 per cent at Rs 8.12 lakh crore, Parliament was informed on Wednesday. The data shared by minister of state for electronics and IT, Jitin Prasada in Lok Sabha shows that smartphones worth Rs 2.62 lakh crore, about USD 28 billion, were exported in 2025. "From being an import ...Read More >
Bengaluru (Karnataka)/ Hosur (Tamil Nadu) [India], April 1: Merlinhawk Composites and Engineering Pvt. Ltd., a joint venture between Merlinhawk Aerospace Pvt. Ltd., India, and Vega Composites, Italy, today marked an important milestone with the ceremonial pooja ahead of the commissioning of its advanced composites manufacturing facility at Shoolagiri in the Tamil Nadu Defence Industrial Corridor. Also Read | Who Is Sahiba Bali? IPL 2026 Anchor and Actress Facing Backlash Over 'The Kashmir Files ...Read More >
New Delhi : Signature Global (India) Ltd. (BSE: 543990 | NSE: SIGNATURE), one of India's leading real estate development companies, today announced that it has successfully secured an investment of ₹1,293 crore from RMZ group. The investment secures RMZ a 50% equity stake in Gurugram Commercity Limited (GCL), which was a wholly owned subsidiary of Signature Global. Following the completion of the transaction, Signature Global and RMZ have formed a 50:50 joint venture to develop a large-scale mi ...Read More >
Bengaluru / Hosur : Merlinhawk Composites and Engineering Pvt. Ltd., a joint venture between Merlinhawk Aerospace Pvt. Ltd., India, and Vega Composites, Italy, today marked an important milestone with the ceremonial pooja ahead of the commissioning of its advanced composites manufacturing facility at Shoolagiri in the Tamil Nadu Defence Industrial Corridor. The state-of-the-art facility will focus on the manufacture of advanced composite aero structures and materials for aerospace and defence a ...Read More >
Realty major Signature Global on Monday said it has completed its partnership with Bengaluru-based RMZ Group, securing a ₹1,293 crore investment for a 50 per cent stake in its subsidiary Gurugram Connectivity Limited (GCL). The transaction was completed on Monday, after the companies signed a Securities Subscription and Purchase Agreement (SSPA) last month. "Pursuant to this, RMZ has acquired a 50 per cent equity stake in GCL through a combination of share purchase and share subscription, for ...Read More >
Ram Mohan Naidu further said that the government plans to develop 50 airports in the next five years. Civil Aviation Minister K Ram Mohan Naidu on Sunday said India's aviation sector is facing a bottleneck in procurement of new aircraft, citing that while 1,700 new planes are on order, supply chain disruptions mean deliveries may take up to 15 years. Naidu, who flagged off new flights at Bhavnagar airport in Gujarat, stated that the government is emphasising domestic manufacturing of aircraft ...Read More >
The India Sporting Goods Fair is set to boost the nation's sports manufacturing sector, showcasing diverse athletic gear and equipment while highlighting government initiatives to propel India into a global manufacturing hub. Key PointsThe 4th India Sporting Goods Fair (ISGF) will showcase a wide range of athletic gear and sports equipment from 75 exhibitors.The Indian government has allocated Rs 500 crore to promote sports goods manufacturing, aiming to boost exports.India aims to increase its ...Read More >
Addressing stakeholders, Secretary (Sports), Hari Ranjan Rao, outlined a transformative national goal: scaling India's sports goods exports from approximately ₹3,000 crore to ₹80,000 crore in the coming years. India has set an ambitious target to transform itself into a global hub for sports goods manufacturing, exports, and trade, as the 4th edition of the India Sporting Goods Fair (ISGF) 2026 opened at Yashobhoomi, Dwarka with strong industry and government participation. The three-day event ...Read More >
Synopsis: NLC India JV begins coal production at Pachwara South block in Jharkhand, with 9 MTPA capacity, strengthening fuel supply for the 3×660 MW Ghatampur thermal power project. NLC India has commenced coal production at the Pachwara South Open Cast Mine in Jharkhand, marking a key operational milestone for the state-run energy company. NLC India Pachwara South coal block: NLC India Ltd (NLCIL) announced that coal production has commenced at the Pachwara South Open Cast Mine in Jharkhand o ...Read More >
New Delhi: NLC India Limited has announced major progress in the Neyveli Uttar Pradesh Power Limited (NUPPL) thermal power project, a strategic joint venture with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL). The 3×660 MW coal-based thermal power project represents a significant addition to India's conventional power generation capacity and is poised to play a key role in ensuring reliable electricity supply to the northern region. The project has achieved key commissioning miles ...Read More >
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