Oberoi Realty's net profit increases by 50.27% in Q3 FY23

Hyderabad Ranked Fastest Growing City for Infra Development

Hyderabad has emerged as the fastest-growing city in India among the top six, excelling in key areas such as governance, socio-economic profile, physical infrastructure, and real estate. According to the latest India Prime City Index report by Knight Frank India, the city has experienced remarkable growth, driven by extensive infrastructure projects, a surge in real estate demand, and a rising population of ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs). Proactive policy initiatives have also played a role in enhancing the city’s socio-economic landscape. F..

Tamil Nadu Explores PPP Route for Rs 4,500 Crore Power Transmission Project

In a pioneering move, the Tamil Nadu Transmission Corporation (Tantransco) is venturing into the tariff-based competitive bidding (TBCB) model to develop a new greenfield 765/400 kV substation in the Coimbatore region. This initiative, part of a larger power transmission project worth Rs 4,500 crore, also includes the development of 240 kilometers of transmission lines extending from Ariyalur to Tirupur, where the new facility will be established. This decision marks a significant shift from traditional state-funded projects to public-private partnership (PPP) models. The 765 kV substation, lo..

Port Delays and Red Tape Strain India's Steel User Units: GTRI

India’s steel industry, which is crucial for the country's economic growth, is currently facing a significant crisis. Over 10,000 steel user units across the country are grappling with operational and financial difficulties due to prolonged port delays, burdensome regulatory requirements, and the slow pace of clearance procedures at customs. According to the Global Trade Research Initiative (GTRI), these delays and complications are seriously affecting production timelines and export capacities, threatening the competitiveness of India's steel sector in the global market. The GTRI has pointe..