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Top Cement Firms to Spend Rs 305 Billion in FY26

Mumbai, June 16 -- Despite subdued private capital expenditure, India's nine leading cement manufacturers are set to invest a combined Rs 305 billion in FY26, banking on a surge in demand led by incre... Read More


NIIF Transfers Rs 41.9 Billion Road Assets to Cube InvIT

Mumbai, June 16 -- The National Investment and Infrastructure Fund (NIIF) has successfully transferred ownership of two operational annuity-based road projects to Cube Highways Trust (Cube InvIT), man... Read More


DRA-Siemens JV Wins Rs 41.4 Billion Bullet Train Contract

Mumbai, June 16 -- A consortium of Dineshchandra R Agrawal Infracon (DRA Infra) and Germany-based Siemens has secured a Letter of Acceptance (LoA) from the National High Speed Rail Corporation Ltd (NH... Read More


ADB Approves $110 Million Loan to Boost Skills in Gujarat

Mumbai, June 16 -- The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat's efforts to become a global industrial hub by developing ... Read More


SDAL Tests Rudrastra UAV and Bhargavastra Defence System

Mumbai, June 16 -- Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with India... Read More


Maruti Suzuki, Equitas Bank Tie Up for Car Financing

Mumbai, June 16 -- Maruti Suzuki India Ltd has signed a memorandum of understanding (MoU) with Equitas Small Finance Bank to expand vehicle financing access for its customers across India. The collabo... Read More


NAKSHA Phase 2 Training for ULB Officers Begins 16 June

Mumbai, June 16 -- The Department of Land Resources (DoLR), under the Ministry of Rural Development, will commence the second batch of Phase 2 training under the NAKSHA (NAtional geospatial Knowledge-... Read More


MoHUA Plans New Role for Smart City SPVs

Mumbai, June 16 -- In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPV... Read More


India Defies Global FDI Slump, Trails Only China and Brazil in Attracting Capital - World Bank

India, June 16 -- R. Suryamurty Foreign direct investment (FDI) into developing economies fell to its lowest level since 2005 in 2023, the World Bank said in a report on Monday, citing rising trade b... Read More


Final Trade June 16: Markets Rebound Sharply; Sensex Jumps 678 Points, Nifty Nears 25,000

India, June 16 -- While today's rally reflects renewed investor optimism, analysts advise keeping an eye on global trade developments and upcoming domestic economic data, which could influence short-t... Read More