INDIAN CITIES INFRASTRUCTURE
From 45 to 15 minutes: Forget crawling through Varanasi traffic, India's first public transport ropeway will take you above city's busy roads; watch viral video
A video of Varanasi's upcoming public transport ropeway has surfaced on Instagram, offering a glimpse of cabins travelling above the city's busy roads. The 4.2-km project, being developed at an estimated cost of Rs 645 crore, will connect Varanasi Cantt Railway Station to Godowlia Chowk through five stations and is expected to reduce travel time from around 45 minutes to 15–16 minutes.
Nitin Gadkari flags Indian highways, expressways still lack perfect signage
Nitin Gadkari highlighted the need for better project preparation and accountability in urban road development initiatives. He expressed concern over the lack of proper signage on Indian highways and its role in accidents. Gadkari mentioned nearly 5 lakh road accidents each year, causing 1.8 lakh deaths in India. He proposed that urban planning requires integrated approaches among various transport agencies to optimize public resources.
Lenskart Q2 net profit more than doubles to Rs 232 crore, revenue rises 36%
The company’s net profit rose 125% to Rs 232 crore, compared with Rs 103.45 crore in the year-ago period. Profit before tax more than doubled to Rs 304.48 crore from Rs 148 crore a year earlier. The company's total expenses increased 31.1% — slower than its revenue growth — to Rs 2,596.8 crore, helping drive the improvement in profitability.
Inside Park Hospitals' regional playbook: Why North India depth matters more than national reach
Park Hospitals is on an ambitious expansion journey, targeting around 6,600 beds by December 2028 across North India. Their strategy focuses on building hospitals in close proximity for better operational efficiency. The new Prayagraj initiative underscores a successful public-private partnership and illustrates their commitment to enhance healthcare capacity, ultimately improving patient care and resource management in the region.
India needs three national carriers to compete globally, says Adani Airports CEO
Adani Airports CEO Arun Bansal emphasized the need for three national carriers to cater to India's aviation demands. He stated that strengthening domestic airlines is crucial before embracing more international competition. Passenger traffic is expected to rise, requiring robust airline ecosystems and regulatory changes. Adani Airports plans to invest significantly in infrastructure to support this growth. The company aims to expand its capacity and participate in upcoming airport privatization initiatives.
Solgram raises Over $1 million in pre-seed funding led by DSG Consumer Partners and Saama Capital
This funding will bolster its cold-chain infrastructure while improving its technological capabilities.
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NSE International Exchange begins 23.5-hour trading, extends market access across global time zones
NSE International Exchange has introduced a 23.5-hour trading schedule, providing near-continuous market access across Asian, European and American time zones. The extended window aims to help global investors respond to international developments while strengthening GIFT City’s position as a global financial hub.
Asian Cup postponed to December 2027 as security concerns disrupt Saudi Arabia
The Asian Football Confederation announced that the 2027 Asian Cup will be postponed until December. This decision follows regional security concerns and logistical issues stemming from recent Houthi attacks on Saudi Arabia. Originally scheduled for January 2027, the tournament will now occur from December 23, 2027, to January 21, 2028. Local organizers had previously maintained that the event would proceed as planned until this announcement.
Deep use cases vault India to ChatGPT’s top global market: OpenAI's India MD
During a visit to India last year, the ChatGPT maker’s cofounder Sam Altman said that India was the fastest growing market for the frontier lab and was already the second largest in terms of users globally. Market estimates had earlier put the India user base at 100 million.
OpenAI’s India user base doubles; Rapido GOV quadruples
Happy Tuesday! India has become ChatGPT’s largest market globally, with its user base doubling. This and more in today’s ETtech Morning Dispatch.
STT Global’s India biz on the block; micro occasions power qcomm
KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.
'Struggled in India, now own villas': Indian man's comparison of life abroad and homeownership sparks debate
An social media post comparing middle-class life in India with homeownership in the US and Canada has sparked debate. He questioned why some Indians who struggled financially at home appeared to afford villas and cars after moving abroad. While several users shared positive migration experiences, others argued that buying property overseas also involves substantial financial commitments.
Razorpay gets final Gift City licence to expand cross-border payments
Razorpay has attained a payment service provider licence from the International Financial Services Centres Authority. This licence allows the company to process foreign-currency payments from its base in Gift City, Gujarat. The approval enables Razorpay to offer multi-currency accounts and facilitate international transactions. With established integrations with RBL Bank and ICICI Bank, the service is expected to be utilized shortly.
Indian Bank targets Rs 100 cr lending under EV charging scheme in FY27: MD
Indian Bank has set a lending target of Rs 100 crore for electric vehicle charging infrastructure. The bank launched IND Green Charge for public, captive, and fleet charging stations under various models. It plans to promote entrepreneurship and support India's transition to sustainable mobility with this initiative. The scheme will provide loans up to Rs 10 crore for a maximum tenure of eight years.
Railways will replace 500 kg of LPG & 2,500 litres of diesel daily with PNG at 22 sites under IGL deal; Delhi, New Delhi and Anand Vihar among stations covered
Indraprastha Gas Ltd (IGL) has partnered with Northern Railway's Delhi Division to replace LPG and diesel with piped natural gas (PNG) at 22 railway establishments across Delhi-NCR. The initial supply of 3,000 SCMD is expected to replace around 500 kg of LPG and 2,500 litres of diesel daily. The agreement is part of the government's PNG Drive 3.0.
Rs 10,000 investment created a Rs 600 crore per yer business: How Bengaluru man created flourishing IT empire that survived three recessions
Bengaluru entrepreneur RS Shanbhag had just Rs 10,000 in is pocket but a vision and a relentless can-do attitude. The firm he established in 1991, went on to generate a revenue between Rs 500- Rs 1000 crore annually by 2025. He focused on IT services and rural employment, which helped him survive three recessions.
Air India, AI Express extend cancellation of Saudi Arabia flights till November 14
Air India and Air India Express have extended the cancellation of flights to Saudi Arabian cities until November 14. IndiGo and Akasa Air also suspended their flights to these destinations amid escalating geopolitical tensions. Passengers with confirmed bookings can rebook or opt for a full refund. The situation in West Asia has affected infrastructure facilities, including airports. Continual monitoring of the region's conditions remains essential for all airlines and passengers.
Smartworks raises FY27 revenue growth guidance to 35% after Q2 revenue jumps
Smartworks reported a revenue increase of 39% year-on-year during the July-September quarter. The company has raised its revenue growth guidance for FY27 to 33–35%. It continues to expand its contracted rental revenue to Rs 5,800 crore across 71 centers. Demand from enterprise clients remains strong, contributing 91% of the rental revenue. The company is focused on adding more campuses in prime locations to support client growth.
From Patna to Kanpur, can an emerging market fix dirty, broken cities?
Patna is set to become the first municipality in Bihar to issue municipal bonds, raising Rs 200 crore for urban infrastructure. This move highlights the ongoing need for investment in India's urban infrastructure amid challenges like urban flooding and sanitation. Other cities like Kanpur are also expected to follow with their own bond issues soon. However, many municipalities still struggle with reliable revenue sources needed for debt repayment.
First look inside Varanasi’s Rs 450 crore international cricket stadium offers views of trishul-shaped floodlights, crescent-shaped roof and near-complete damru media centre
Varanasi’s new international cricket stadium, built across 31 acres at a cost of around Rs 450 crore, is nearing its competitive debut. With trishul-shaped floodlights, a crescent-shaped roof and a damru-inspired media centre, the 30,000-seat venue is preparing for domestic matches as the possibility of hosting IPL games in 2027 emerges.
India's dealmaking resilient despite weak rupee, equity slump, Citi's Saraf says
India's M&A deal value has declined over the year while the number of deals remains stable. Strategic partnerships are expected to increase, particularly between Indian and Chinese companies. Sectors like healthcare, consumer, infrastructure, and technology are showing strong activity. Concerns over the rupee and market volatility are downplayed by investment bankers. Despite challenges, the long-term growth outlook for India is regarded as stable and positive.
The next problem to solve: When money arrives, what can merchants do in the meantime?
At GFF 2026, PRISM founder Ritesh Agarwal and Adyen’s Chief Commercial Officer Roelant Prins discussed why, for merchants such as small hotel owners, how quickly money arrives now matters as much as whether a payment is accepted, and why AI is changing back offices faster than it is changing how people buy.
India's growth momentum stays resilient despite global headwinds: RBI Deputy Governor Poonam Gupta
Reserve Bank Deputy Governor Poonam Gupta indicated that India's real GDP growth fell short due to external shocks. She highlighted that India has managed over 7 percent growth despite challenging circumstances in recent years. Additionally, Gupta expressed confidence that improved global conditions could enhance growth by another percentage point. She discussed the importance of diversifying economic activities to mitigate risks and emphasized that food security remains stable amid El Nino.
Delhi to Haridwar in 1.5 hours next month? Nitin Gadkari says new road projects will boost tourism, jobs
Union Road Transport and Highways Minister Nitin Gadkari announced the opening of new road projects next month. Travel time from Delhi to Haridwar will be reduced to just one and half hours. Increased road connectivity has led to a significant rise in tourist traffic at religious destinations. Gadkari highlighted the economic impact of infrastructure investment, promoting job creation in the sector.
Jio BlackRock International AMC (IFSC) launches JioBlackRock Advantage World Equity Fund (IFSC), its first GIFT City fund
JioBlackRock has launched the Advantage World Equity Fund through GIFT City, offering eligible Indian investors access to global developed-market equities. The feeder fund invests primarily in BlackRock’s actively managed strategy spanning the US, Europe and Japan.
Tata Communications to plug Rs 4,350 crore in AI super highway
Tata Communications aims to invest Rs 4,350 crore to create 10,000 km of AI-ready connectivity infrastructure across India. The investment will enhance the existing network and add significant capacity to data-centre connectivity. The three-phase project development will focus on key growth corridors including Mumbai, Pune, and Chennai. Tata Communications will also expand its networks to connect various emerging data-centre ecosystems.
India, Dutch port authorities weigh digital push to boost logistics: Piyush Goyal
Commerce and industry minister Piyush Goyal and Port of Rotterdam CEO Boudewijn Siemons held discussions on advancing port-led growth, logistics efficiency, supply chain connectivity and unlocking new opportunities for trade and investment.
It's time Delhi set the pace in scaling up businesses
India is working towards improving the ease of scaling businesses to boost economic growth and employment. The role of Delhi is critical in fostering a supportive business environment that enhances investment. Effective infrastructure, skilled labor, and access to finance are essential for businesses to grow confidently. Collaboration between education and industry will also expand opportunities and inclusivity in the workforce.
Saudi issues 'potential danger' warning for Mecca, Jeddah
Saudi Arabia's civil defence agency issued warnings of potential danger for several western provinces including Mecca. The alerts concerned major cities like Jeddah, Taif, and Yanbu and were quickly rescinded. Residents were advised to seek safety as Yemeni Houthis targeted the kingdom's infrastructure in recent conflicts. Interceptions of ballistic missiles aimed at Taif and Yanbu were reported on the same day.
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