Raipur to Get Light Metro, MoU Signed in Moscow

Karnataka Offers 10% Incentive to Boost R&D Manufacturing

The Karnataka government will provide an additional 10% incentive to companies transitioning their research and development (R&D) operations into local manufacturing. This initiative, part of the state’s 2025-2030 industrial policy, aims to boost domestic production, said MB Patil, Minister for Large and Medium Industries. With over 400 Fortune 500 companies having R&D centers in Bengaluru but only 10% manufacturing locally, the revised policy offers flexible incentives, including production-linked and capital-based benefits. Employment-based incentives will also favor firms hiring women. ..

NHIT Plans $2.4 Billion Highway Fundraise

The National Highways Infrastructure Trust (NHIT), sponsored by the National Highways Authority of India (NHAI), is set to raise over Rs 200 billion from both domestic and foreign investors in the coming weeks to acquire 11 operational road assets. This round is not only the trust’s fourth fundraise but also its largest to date. According to official sources, approximately Rs 100 billion will be raised through the issuance of fresh equity units, supported by a matching debt component. The final amount will be determined by the book building process, with a portion of the equity raised thro..

Ghaziabad Plans Rs 3.77 Billion Infrastructure Overhaul

Ghaziabad Municipal Corporation has outlined a Rs 3.77 billion work plan for infrastructure development, with Rs 1.85 billion allocated for upgrading Indirapuram and Rs 710 million for air quality improvement. The Indirapuram township, taken over from the Ghaziabad Development Authority (GDA) in September 2024, will see major enhancements, including Rs 500 million each for drainage and roads, Rs 200 million for water supply, and Rs 250 million for sewer lines. The civic body has already received Rs 1.1 billion from GDA and initiated tenders accordingly. For air quality, Rs 710 million will b..