METRO FUNDING
Mekedatu project will proceed, Karnataka will protect Tamil Nadu's water share: D K Shivakumar
Karnataka Chief Minister D K Shivakumar affirmed the commitment to the Mekedatu balancing reservoir project across the Cauvery River. The project aims to support Bengaluru's drinking water needs and address water scarcity concerns. While Tamil Nadu opposes the project, Shivakumar emphasized the necessity of cooperation between the two states. He also discussed securing necessary clearances and proposed meetings to clarify its benefits to Tamil Nadu.
Focus, discipline and realised returns to define India's next generation of fund managers: Report
Grant Thornton Bharat and IVCA have unveiled a significant report shedding light on the role of emerging managers within India's dynamic venture capital arena. The findings reveal that domestic venture fundraising skyrocketed to $5.4 billion in 2025, underscoring the pivotal role of these managers in identifying and nurturing innovative enterprises.
India needs to create high-quality jobs, increase productivity growth: IMF
The International Monetary Fund has upgraded India's potential growth to 6.8 percent, citing favorable demographics and a growing economy. Higher productivity growth and stronger private investment are essential to realize this potential. Faster creation of high-quality jobs is also crucial for sustainable economic development. The IMF continues to view India as a key growth engine for the global economy.
Karnataka minister Krishna Byre Gowda says he was denied opportunity to speak at PM Modi event after metro funding criticism
Karnataka Minister Krishna Byre Gowda on Thursday alleged that his speech was removed from the programme for Prime Minister Narendra Modi’s Bengaluru Metro event on Friday, linking the decision to his recent criticism of the Centre’s contribution to metro projects. Gowda said his name was included in the draft schedule but dropped from the final list.
Indian PM Modi to attend ASEAN summit in Manila from November 16 to 17
Indian Prime Minister Narendra Modi will be visiting the Philippines on November 16 and 17. He will attend the summit of the Association of Southeast Asian Nations in Manila during his visit. India is recognized as a strategic partner of the ASEAN grouping, which consists of 11 member countries. The member countries include Thailand, Vietnam, Laos, and Cambodia among others.
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Tata Projects bags Dhaka Metro underground works contract with Japanese partners
Tata Projects, in collaboration with Nishimatsu and Toda, has obtained a contract for the Dhaka Metro project. This contract involves constructing a 5.2-km underground metro line with three stations. The project aims to modernize public transport, improve connectivity, and reduce congestion in Dhaka. Funding for the project is provided by the Japan International Cooperation Agency (JICA). Tata Projects emphasizes its expertise in executing complex metro infrastructure alongside global partners.
These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analyst
No doubt, the mood in the market has changed and the bulls seem to be back in a determined fashion. Don’t, however, expect the indices to keep climbing daily. There will be pauses. Also, though the things troubling the market have receded for now, they can still return. And these troubles are likely to be global rather than local.
Credit guarantee fund for small units extended by five years
The Union Cabinet has approved a five-year extension for the Credit Guarantee Fund for Micro Units and the Stand-Up India scheme. An allocation of ₹5,000 crore will support micro units, while ₹4,111 crore funds will assist Stand-Up India initiatives. The Cabinet also approved an 8.5 km extension of the Noida-Greater Noida Metro corridor to improve connectivity. Eligible borrowers can access loans for new enterprises to promote economic growth and entrepreneurship.
PM Modi to open Bengaluru metro stretch; CM Shivakumar seeks extra fund, faster approvals
Prime Minister Narendra Modi will inaugurate a 7.5-km elevated stretch of Bengaluru's Namma Metro Pink Line on November 14, taking the city's operational metro network beyond 100 km for the first time, to around 103 km. The Kalena Agrahara-Tavarekere section will open to commuters at 6 am.
Landlords opt for full financial review of rentals as India's rental market grows
India's rental market is expanding rapidly, prompting landlords to adopt technology for tenant background verification. The Model Tenancy Act aims to expedite eviction disputes, but many states still use older laws. Mumbai and Chennai experience significant rent increases, while other cities see moderation in growth rates. With many choosing to rent longer, economic factors influence the demand for rentals.
Cabinet approves extending credit guarantee fund for micro units, and Stand up India scheme; Aqua Line metro rail corridors extension gets nod
The Union Cabinet has extended the Credit Guarantee Fund for Micro Units and Stand-Up India schemes by five years until 2031, approving a corpus of Rs 5,000 crore and Rs 4,111 crore, respectively. The extensions are expected to facilitate Rs 12.6 lakh crore in Mudra loans and support at least 2.5 lakh additional women, SC and ST entrepreneurs.
Ahead of Modi visit, Karnataka steps up pressure on Centre seeking higher central share for Bengaluru Metro
Ahead of Prime Minister Narendra Modi's upcoming visit, Karnataka is launching a campaign for metro funding. Chief Minister DK Shivakumar highlighted the state's financial burden due to project delays and land costs. The government seeks faster Central approvals for the proposed 37.8-km Sarjapur-Hebbal Metro line. Greater Bengaluru Development Minister Krishna Byre Gowda emphasized the need for increased financial support from the Centre.
The much awaited Noida-Greater Noida West metro link, a mega museum and more: Inside the Cabinet's Rs 77,101 crore package
On Wednesday, the Union Cabinet approved significant proposals for infrastructure and business support across India. The government will allocate ₹3,230 crores for the Yuge Yugeen Bharat Museum in New Delhi. A metro rail project linking Noida and Greater Noida will receive ₹2,390 crores for development. Additionally, ₹62,370 crores will be set aside for NBS rates on fertilizers for the Rabi 2026-27 season.
Noida to Greater Noida West Metro gets Rs 2,390 crore boost: 8.5-km Aqua Line extension to have five new stations; check route, interchange & completion timeline
Noida to Greater Noida West Metro: Ashwini Vaishnaw on Wednesday announced the Cabinet's approval for the Rs 2,390-crore Noida Metro Aqua Line extension from Sector 51 to Greater Noida Sector 4. The 8.5-km elevated corridor will have five new stations and is expected to be completed within four years. The project aims to improve connectivity across Noida and Greater Noida West and ease traffic congestion.
Diwali 2026: From Ayodhya’s sea of diyas to Goa’s fiery Narkasurs, India celebrates the festival in splendour
India celebrates Diwali on November 8 with spectacular displays of devotion and tradition, from lakhs of diyas illuminating Ayodhya’s Saryu ghats to giant Narkasur effigies burning in Goa. As families prepare for Lakshmi Puja, security is tightened, special trains ferry festive travellers and temples across Uttar Pradesh host elaborate celebrations.
Tesla IPO investors turned $1,000 into $242,000: Can its $1.52 trillion valuation deliver another big payday for shareholders?
Since its initial public offering in 2010, Tesla has surged over 24,000% in stock value. Despite this history, recent earnings data for Q3 reveal a downturn in operating income. Tesla shares plunged 10.77% on Thursday, November 5, closing at $343.69. Friday’s rebound in Nasdaq offered some relief. The company’s high market price suggests optimism for future innovations in AI, like Robotaxis and Optimus. New shareholders face challenges compared to those who invested early.
Nitin Gadkari wants to change how India's city roads are built; after highways, he's turning his attention to engineers, quality and accountability
Nitin Gadkari has called for a national mission on urban roads, stressing better project preparation, skilled engineers and accountability. Speaking at MARG 2026 in New Delhi, he also highlighted integrated planning between road, metro and rail agencies and showcased urban road development models in Bengaluru and Uttar Pradesh.
Modi says 500 million people lifted out of extreme poverty in 10-12 years, cites World Bank report
Prime Minister Narendra Modi said India has lifted 500 million people out of extreme poverty over the past 10-12 years, citing a recent World Bank report. Speaking after virtually inaugurating Pune Metro Line 3, he linked economic growth and poverty reduction to infrastructure investment, direct benefit transfers and job creation.
Lenskart Q2 Results: Profit zooms 122% YoY to Rs 227 crore; revenue grows 36%
Lenskart Solutions achieved a net profit of Rs 227.08 crore in Q2FY27, reflecting a 122.1% YoY increase. Revenue from operations rose to Rs 2,845.03 crore, marking a 35.7% YoY growth. Product margin improved to 64% compared to 63.4% in the same quarter last year. The company added 165 new stores in Q2FY27, enhancing its active store count to 3,624.
Beyond tech: Kotak MF’s Shibani Kurian on India’s next innovation-led winners
Innovation-led investment opportunities in India are extending well beyond technology, with healthcare, auto components and industrials emerging as key areas of interest, according to Shibani Kurian, Head of Equity Research and Senior Fund Manager at Kotak Mahindra AMC. “Innovation can be seen across sectors and not necessarily limited to technology,” she said.
Clementine's Ice Cream: How Tamara Keefe turned her love for ice cream into a multimillion-dollar business
After feeling drained and unfulfilled in her corporate career, Tamara Keefe created Clementine’s Ice Cream, driven by the joy of her childhood where she made ice cream with family. Pouring her savings into building this brand helped her establish credibility with local chefs. Joining the Goldman Sachs program gave her a boost, and now, Keefe shares her journey to inspire others to venture into the ice cream business.
In 2004, San Jose used 1,000 tons of shredded waste tires beneath 2,000 feet of light-rail track; the unusual layer reportedly reduced vibration and saved over $1 million
The use of shredded tires as a base for light rail tracks offers a cost-effective solution for reducing noise. Many transit authorities have successfully implemented this method, leading to significant savings in construction costs. Additionally, using shredded tires prevents tires from ending up in landfills where they can pose environmental hazards. Despite successful trials, this method remains underutilized in many US transit expansions.
PM Modi releases Rs 19,000 crore under 24th instalment of PM-KISAN
Prime Minister Narendra Modi on Friday launched and laid the foundation stones for development projects worth over Rs 14,400 crore in Gujarat and released around Rs 19,000 crore under the 24th instalment of the PM-KISAN scheme. Projects include a bovine breeding centre, two Bio-CNG plants, Ahmedabad Metro expansion, Anganwadi centres and rail services.
PM Modi's Gujarat visit: Rs 14,000-crore projects, Rs 19,000-crore PM-KISAN payout, new trains and Ahmedabad Metro expansion on agenda
Prime Minister Narendra Modi will undertake a two-day visit to Gujarat, during which he will inaugurate and dedicate development projects worth Rs 14,000 crore, release the 24th instalment of PM-KISAN payments worth Rs 19,000 crore and flag off two trains. His itinerary includes laying the foundation stone for Ahmedabad Metro extensions and road upgrades, inaugurating child-friendly Anganwadi centres and participating in the Rashtriya Ekta Diwas celebrations at Ekta Nagar.
You make your own reality: Amrit Acharya left US job to build Zetwerk in India despite his father’s initial scepticism; years later, his father stood beside him as company went public
Amrit Acharya, CEO of Zetwerk, marked the company's public listing at the National Stock Exchange. Acharya faced skepticism from his father initially, but his views changed over time. After returning to India with his wife, he co-founded Zetwerk, focusing on a global manufacturing platform. The company reported significant revenue growth, yet faced a net loss mainly from a discontinued business.
PM to visit Gujarat on Oct 30-31, inaugurate projects worth Rs 14,000 crore
Prime Minister Narendra Modi will begin a two-day visit to Gujarat, where he will inaugurate significant development projects. He will dedicate over Rs 14,000 crore worth of initiatives, including child-friendly Anganwadi Centres and agriculture infrastructure projects. Modi is also set to participate in cultural celebrations, notably Bharat Parv 2026, aimed at showcasing India's diverse heritage. Additionally, he will lay the foundation stone for the Ahmedabad Metro phases.
Hiranandani Communities, Krisala expand partnership to Rs 20,000 cr projects
The Hiranandani Group and Krisala Developers are set to roll out four new developments in Pune and Nagpur. Their focus is on delivering high-quality homes, including a unique golf lifestyle township. With the first project in Pune expected to attract considerable revenue post-completion, both companies are confident the market will continue to flourish in the year ahead.
L&T wins orders worth ₹5,000-₹10,000 crore for Dhaka Metro
L&T has secured design-and-build orders worth ₹5,000 crore to ₹10,000 crore for two systems packages of Bangladesh’s Dhaka Metro Line 1, the country’s first underground metro project. The contracts cover track works, electrical systems, signalling, telecommunications and platform screen doors.
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