INFRASTRUCTURE PLANNING
India is making a big move to outflank China in Sri Lanka
India and China may be locked in an escalating energy rivalry in Sri Lanka. India plans a new energy hub at Trincomalee with the UAE, including an oil pipeline. This initiative aims to secure fuel supply chains and counter China's expanding presence in Sri Lanka's energy market. The project seeks to reshape regional energy dependence.
MMRDA secures 216 acres in Raigad for Mumbai 3.0 project through participatory model
Mumbai 3.0 project is underway with MMRDA securing 216 acres in Raigad district. This marks a significant step in a new participatory development model. Landowners are offered various compensation options. The project aims to create a new economic hub with advanced infrastructure. It is expected to generate substantial employment and attract investment, shaping a new urban future for the region.
India's power transmission sector to see INR 9 trillion capex push by 2032: Report
India's T&D sector is poised for sustained growth, driven by an estimated INR 9 trillion capex through 2032. Despite temporary ordering slowdowns due to high capacity utilization and longer lead times for high-voltage transformers, a positive outlook remains. Global demand surges, particularly in the US and Europe, present significant export opportunities for Indian manufacturers.
NDR InvIT to raise Rs 726.8 crore in preferential issue, accelerating drive to build India’s largest warehousing platform
NDR InvIT is raising Rs 726.8 crore via preferential issue to fuel its expansion, following a recent Rs 410 crore bond issuance. This capital will fund acquisitions, including NDR Space Private Limited, and ongoing projects. The Trust has aggressively expanded its portfolio, adding significant warehousing space and entering new cities, solidifying its position as a leading logistics infrastructure platform.
Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from Edelweiss
Omkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 crore, was a cash transaction. Edelweiss Asset Reconstruction Company exited the exposure. Investors anticipate improved recovery prospects for the telecom tower company. Omkara aims for an exit within two years through asset sales or settlement.
M K Stalin unveils Chennai-focused 'Super Six' development promises ahead of Tamil Nadu polls
Tamil Nadu Chief Minister MK Stalin has launched a special development package for Chennai. This initiative focuses on improving urban infrastructure and creating future job opportunities. Key promises include enhanced drinking water supply and a new cultural center. The plan also aims to expand the Chennai Metro Rail and invest in a dedicated hub for artificial intelligence and related technologies.
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Public sector banks told to take quantum leap in encryption for added security
Indian banks are preparing for a quantum computing future. The finance ministry has asked public sector banks to explore quantum-resistant encryption. This move aims to secure financial systems against future threats. Experts warn quantum computers could break current encryption. India's National Quantum Mission is also building a quantum communication network.
Centre proposes to continue river basin management scheme with Rs 2,183 crore outlay for 2026- 31
The government plans to continue the River Basin Management scheme from 2026 to 2031. A budget of Rs 2,183 crore is proposed. This initiative focuses on integrated water resource planning and development. It aims to address challenges in water-rich but underdeveloped regions, particularly in the North East and Jammu and Kashmir. The scheme will support irrigation, hydropower, and flood management.
Adani arm sets up three hotel, real estate airport city units
Adani Enterprises is expanding its airport cities. Three new subsidiaries will focus on hotels and real estate development. This is part of a larger strategy to grow its airport portfolio. The company aims to significantly increase passenger capacity by 2030. This expansion will support rising air travel demand in India.
India's EV boom outpaces charging infrastructure, tests network limits
The electric vehicle revolution in India is gaining traction, with an impressive uptick in consumer interest, but there's a catch: charging stations are falling short of demand. With estimates predicting millions of EVs in daily use, the current infra is inadequate to support such growth.
Sebi clears four IPOs including Avaada Electro and Grand Housing
Securities and Exchange Board of India approved IPOs of Avaada Electro Grand Housing Sonaselection India and Vishal Nirmiti with Avaada leading as a major renewable energy listing aimed at expansion and growth
Adani Properties to invest Rs 1 lakh cr to redevelop Mumbai’s 143-acre Motilal Nagar
Adani Properties will invest over Rs 1 lakh crore to redevelop Mumbai's Motilal Nagar, a 143-acre project set to become the second-largest urban renewal initiative in India. This decade-long project will rehabilitate over 3,700 residential and 300 commercial occupants, alongside slum dwellers, and will feature a mixed-use township with extensive public amenities and infrastructure upgrades.
PNGRB's new LPG pipeline expansion plan to attract investment of Rs 12,500 crores
PNGRB has initiated bidding for nine LPG pipeline projects spanning around 2,500 km to reduce reliance on road transport and improve safety and efficiency in LPG distribution. As per its announcement, four key pipelines are currently in the bidding stage, with an estimated investment of Rs 12,500 crore. The move aims to connect refineries and import terminals with bottling plants, enabling seamless supply while minimising risks associated with tanker transport. PNGRB also highlighted that shifting to pipelines will cut greenhouse gas emissions, lower transit losses, generate employment, and support regional development, with a long-term goal of eliminating bulk LPG road transportation by 2030.
Dubai unveils first air taxi station near Dubai International Airport, targets faster city travel
A new air taxi service is set to launch in Dubai, with the first of four planned hubs now operational. The developer will manage the service, while authorities handle regulation and integration. Following successful test flights and trials, the operator is pursuing certification for a commercial launch.
Iran has limited the impact of US strikes, intelligence says
Western intelligence suggests Iran's military planning helped it survive US-Israeli attacks. Despite significant damage and leader deaths, Iran's missile and drone forces remain operational. The country has decentralized decision-making and is preparing for potential future conflict. This contrasts with US claims of complete military destruction. Iran's resilience poses a challenge to US objectives.
Aster DM Healthcare eyes expansion as Alisha Moopen aims for India's largest clinical chain
Alisha Moopen is driving Aster DM Healthcare's major expansion across India. The company plans to add over 3,300 beds, aiming to become the nation's largest healthcare chain. Aster DM Healthcare currently operates around 40 hospitals nationwide. Moopen emphasizes building trust in a technology-driven world. Family-led organizations like Aster DM Healthcare invest with patience for long-term growth.
ET Family Business Awards: Allcargo Group is redefining logistics with digital innovation
Allcargo Group is transforming logistics with digital innovation. The company uses IoT and AI to improve efficiency and customer service. Its online platform, ECU360, offers seamless global access. Allcargo's digital strategy is driving growth and competitiveness. This approach is making the company a future-ready leader in the logistics sector.
Unbelievable 600% rally in one day! Allbirds shares skyrocket as sneaker-maker plans AI pivot
Allbirds shares skyrocketed nearly 600% in a single session after the footwear brand unveiled a dramatic pivot to AI compute infrastructure, rebranding as NewBird AI and securing a $50 million financing facility to buy GPUs. The move marks a complete shift from its sustainable sneaker roots to the booming AI ecosystem.
Brigade Enterprises to build 39-acre township in Bengaluru, aims Rs 7,200-cr revenue
Realty firm Brigade Enterprises Ltd on Wednesday said it will develop a 39-acre township project in Bengaluru with an estimated revenue potential of Rs 7,200 crore.
Mobility platforms and the new architecture of Indian cities
Indian cities are transforming. Mobility platforms are now essential urban infrastructure, connecting people and goods seamlessly. These platforms create income for drivers and provide valuable data for city planning. They are also key to adopting electric vehicles. This integrated approach is shaping more connected, accessible, and efficient cities for the future.
World Bank launches ‘Water Forward’ plan to expand global water access for 1 billion people
The World Bank has unveiled a new initiative called 'Water Forward'. This program aims to provide secure water access to one billion people within the next four years. It will expand reliable water services and strengthen systems against droughts and floods. Partnerships with other development banks will help achieve this ambitious goal.
Allbirds shares jump over 400% on plans to pivot to AI from sneakers
Footwear maker Allbirds shares have surged dramatically. The company is now raising capital and pivoting towards AI computing infrastructure. Allbirds plans to rebrand as NewBird AI and shift focus to offering cloud computing capacity and AI services. This move comes amid strong investor interest in AI-related stocks and the supporting data-centre infrastructure.
Snap stock price: Here's why Snap Inc. shares are up today
Snap stock price moved higher after the company announced layoffs affecting about 16% of staff and more than 300 open roles. Snap Inc said artificial intelligence will reduce repetitive work and support smaller teams. The company expects cost savings of more than $500 million by the second half of 2026. Investors reacted to the plan as the company aims to improve profitability and compete with larger tech firms.
Microsoft takes over Stargate data center from OpenAI in Norway
Microsoft will rent 30,000 additional Nvidia Vera Rubin chips from neocloud provider Nscale at a campus inside the arctic circle in Narvik, Norway, Nscale said in a statement. This builds on a prior $6.2 billion commitment Microsoft made at the same site.
US Stocks: Globalstar shares surge 10% as Amazon strikes $11.6 billion deal, rivaling Elon Musk's Starlink
Globalstar shares surged after Amazon announced a $11.57 billion acquisition to expand its satellite internet ambitions. The deal boosts Project Kuiper, accelerates LEO deployment, and strengthens competition with Starlink, signaling Amazon’s deeper push into space-based connectivity infrastructure.
NABARD launches Rs 2.62 lakh crore credit plan for Delhi; proposes ‘nano, mini’ units to boost MSME access
The plan emphasises inclusive credit planning and tailored development pathways for balanced growth across the National Capital Territory.
RMZ to invest USD 35bn to build digital infra, housing, commercial projects, exploring IPO
Realty firm RMZ on Monday said it plans to invest USD 35 billion over the next five years to develop data centres, AI factories, commercial assets and housing projects and is also considering launching an Initial Public Offering (IPO).
Former OpenAI Stargate leaders plan to join Meta Platforms
Three key players in OpenAI’s massive effort to set up hundreds of billions of dollars’ worth of artificial intelligence data center capacity are joining Meta Platforms. Peter Hoeschele, who played a critical role in OpenAI’s Stargate initiative, is one of the new hires.
OpenAI 'Stargate' executive Peter Hoeschele exits: The Information
Peter Hoeschele, a key OpenAI executive behind the early Stargate data centre effort, has left the company, according to a report by The Information. Two other senior leaders, Shamez Hemani and Anuj Saharan, are also set to exit in the coming days. All three are expected to join the same new startup.
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