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06 Feb 2026
The Union Budget has received a positive response from the India Energy Storage Alliance and industry experts for measures supporting electronics manufacturing, battery storage and clean energy. Key announcements include an INR 40,000 crore push for electronics components, customs duty exemptions for battery energy storage systems, chemical parks and rare earth corridors. However, the industry has flagged missing support for lithium and nickel refining and battery recycling. While the higher capital expenditure and solar incentives improve investment visibility, experts say gaps in the battery value chain and cost challenges still need policy attention.Read more
06 Feb 2026
Arkade Developers has registered a new residential project in Goregaon West with a GDV of INR 3.5 billion, reflecting the company's ongoing expansion in Mumbai's western suburbs. Known for delivering quality residential and mixed-use projects, Arkade is targeting the growing demand for well-connected urban housing. The project aims to attract buyers seeking modern amenities near commercial and entertainment centers. Industry observers highlight that this registration continues Arkade's trend of strategic developments designed to strengthen its footprint in Mumbai's competitive real estate sector.Read more
06 Feb 2026
The Tamil Nadu Cabinet has approved 15 new industrial projects involving a cumulative investment of INR 34,237 crore, a move expected to generate employment for around 55,000 people across the state. The approvals were granted during the 23rd Cabinet meeting chaired by Chief Minister M K Stalin earlier this week. According to Industries Minister T R B Rajaa, the sanctioned proposals include expansion-led and new industrial investments across key manufacturing hubs such as Chennai, Ranipet and Thiruvallur, along with other regions of Tamil Nadu. The projects are also set to bring an international footwear brand into the state, strengthening its position as a preferred destination for global manufacturing. The approvals underline the government's focus on industrial growth, regional dispersion of investments and large-scale job creation.Read more
06 Feb 2026
NTPC Green Energy Ltd has commissioned 125 MW of solar capacity at Phalodi as part of the 500 MW Bhadla Solar PV Project, bringing the NGEL Group's total commercial capacity to 8,813.25 MW. The company received certification from the Rajasthan Renewable Energy Corporation Limited, declaring this portion of the project operational from the end of January. This development strengthens NTPC's renewable energy portfolio in India, complementing its previous Bhadla phases and other solar initiatives across Rajasthan, reflecting the company's consistent effort to scale up clean energy generation.Read more
06 Feb 2026
A recent aviation whitepaper highlights India and the Asia-Pacific region as the main drivers of global air traffic growth over the next two decades. The study projects that eight of the world's 10 fastest-growing aviation markets will come from emerging economies in this region. International passenger traffic in Asia-Pacific has already grown faster than the global average, supported by route expansion, rising incomes and improving connectivity. India is positioned as a key contributor, alongside China and Southeast Asian nations, while air cargo and airline consolidation continue to shape the sector.Read more
06 Feb 2026
Indian Energy Exchange reported a 19 per cent rise in electricity traded volumes in January, supported by strong growth in the real-time and green power segments. While day-ahead volumes saw moderate gains, real-time trading expanded sharply due to rising grid balancing needs. Renewable energy certificate trading declined year-on-year, with lower volumes and softer prices. Green power volumes increased, though average prices eased due to higher renewable availability. The exchange has lined up new REC trading sessions in February to support ongoing market participation.Read more
06 Feb 2026
Alphabet is expanding its footprint in Bengaluru by leasing one office tower in Alembic City and holding options for two more, potentially accommodating 20,000 additional staff. The company currently operates from three offices in the city and launched one of its largest offices worldwide there in 2025. This expansion aligns with India's growing tech prominence and the increasing relocation of U.S. companies' critical work due to stricter immigration rules. Alphabet's broader plans include a USD 15 billion AI data centre in Andhra Pradesh, reflecting long-term investment in the country.Read more
06 Feb 2026
Menzies Aviation has secured a 15-year ground handling licence at Kempegowda International Airport, Bengaluru, strengthening its presence at one of India's busiest airports. The licence, awarded by Bangalore International Airport Limited, will come into effect from 1 April 2026, subject to regulatory approvals. Menzies will provide passenger, ramp and baggage handling services across both terminals. The company plans to invest over USD 9.2 million in equipment and hire around 1,000 employees, building on its long-standing cargo operations at the airport.Read more
06 Feb 2026
Chennai has initiated construction of a major multi-modal transport hub at the Broadway bus stand, with the foundation laid by Chief Minister M K Stalin in the past week. The INR 822.7 crore project includes a nine-storey bus terminal and a ten-storey commercial building, covering 26,240 sq m with 1.36 lakh sq m of built-up area. Designed to integrate buses with the High Court Metro station, MRTS, and suburban rail, it will feature 73 bus bays, retail and office spaces, modern amenities, and parking for 433 cars and over 1,100 two-wheelers.Read more
06 Feb 2026
Cochin International Airport Ltd (CIAL) is set to introduce India's first hydrogen-powered buses for passenger movement after entering into an agreement with the Kerala Hydrogen Valley Innovation Cluster Foundation under the National Green Hydrogen Mission. The project involves the deployment of three hydrogen fuel cell electric buses, with financial support capped at INR 2.90 crore per bus and a total project cost of INR 8.7 crore. The buses are expected to be delivered within a year and will be owned and operated by CIAL, supported by a green hydrogen supply facility being developed at the airport.Read more
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05 Feb 2026
Nalwa Aero has signed a strategic agreement with helicopter operators Global Vectra Helicorp, Pawan Hans Ltd, and Himalayan Heli Services to launch electric air taxi (eVTOL) services in India. The partnership includes pre-orders from Himalayan Heli for Nalwa's aircraft, aiming to offer fares as low as INR 200 per passenger on short routes. The eVTOLs will serve pilgrimage destinations like Char Dham, urban and intercity air travel, air ambulance services, and offshore logistics. Nalwa Aero has received regulatory approvals and plans full-scale operations by 2028, targeting efficient, quiet, and sustainable air mobility.Read more
05 Feb 2026
The Union Budget has allocated INR 616.88 crore for the Sagarmala programme, slightly lower than last year's revised estimates of INR 699 crore and previous projections of INR 866 crore. The Budget also sets aside INR 1,000 crore for the newly approved Maritime Development Fund to support shipbuilding, port development, and maritime financing. Additional allocations include INR 515 crore under the Shipbuilding Financial Assistance Scheme and INR 250 crore for the Shipbuilding Development Scheme. These provisions aim to strengthen infrastructure, capacity, and risk management in India's maritime and shipbuilding sectors.Read more
05 Feb 2026
Gurugram Metro Rail Limited (GMRL) has formally requested the Haryana Shehri Vikas Pradhikaran (HSVP) to allocate parcels of land for the construction of entry and exit points at eight stations on the first phase of the Old Gurugram Metro project. The stations requiring land include Millennium City Centre, Sector 45, Sector 33, Udyog Vihar Phase Six, Sector 10, Sector 37, Basai and the station near Dwarka Expressway, with individual requirements ranging from around 287 sq m to over 700 sq m per site. Most of this land is reportedly HSVP-owned, and the authority is considering the request. Should any portions be privately held, acquisition will proceed under Gurugram Metro's updated land policy, supported by a state-level land acquisition committee chaired by the deputy commissioner. Metro construction is underway between Sector 45 and Bakhtawar Chowk, with elevated viaduct work poised for pillar slab erection by May.Read more
05 Feb 2026
Flexible workspace provider WeWork India has entered into a new lease agreement to significantly expand its footprint in Hyderabad, committing about INR 100 crore to add approximately 3,300 desks across roughly 2,50,348 sq ft of workspace. The additional capacity is expected to be operational by June 2026, with the expansion funded through a mix of debt and internal accruals. The company said it currently operates more than 1,21,600 desks nationally, with average utilisation of nearly 84%, highlighting strong demand for flexible office space across India's top cities. The Hyderabad expansion aligns with broader demand dynamics in the office market, where co-working and flexible workspaces are gaining traction among global capability centres and enterprises seeking adaptable solutions. The move reinforces Hyderabad's growing status as a key commercial and office market destination.Read more
05 Feb 2026
Construction on the Mumbai-Ahmedabad high-speed rail corridor has crossed another structural milestone with the completion of a mountain tunnel in Palghar district, Maharashtra. The tunnel, built using the New Austrian Tunnelling Method, forms part of a larger cluster of tunnels being developed in the region for India's first bullet train project. This achievement follows a similar breakthrough reported in the same district recently and reflects steady progress on critical civil works. Multiple viaducts, bridges and track-related activities are also progressing across the corridor.Read more
05 Feb 2026
Two passenger aircraft operated by Air India and IndiGo made contact on the ground at Mumbai's Chhatrapati Shivaji Maharaj International Airport earlier this week during routine taxiing operations. The incident involved the wingtips of both aircraft while one flight was preparing for departure and the other was taxiing after landing. All passengers and crew on board both flights were safe. The aircraft were taken out of service for inspection, and aviation authorities have begun a review of the circumstances surrounding the incident.Read more
05 Feb 2026
The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the East-West Corridor of the Lucknow Metro under Phase 1B, marking a key step towards project implementation. The Detailed Design Consultant contract for Line-2 has been awarded to a joint venture between AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd, following a competitive bidding process. Valued at INR 15.90 crore, the contract covers detailed design work for civil, architectural, electrical, mechanical and traction systems across both elevated and underground sections of the corridor. The East-West Corridor will span over 11 km, connecting Charbagh Railway Station with Vasant Kunj through Old Lucknow, and forms part of a larger metro expansion approved earlier as part of the city's urban transport development plans.Read more
05 Feb 2026
NBCC has signed an agreement with Kendriya Vidyalaya Sangathan to carry out construction, renovation and repair works at KVS schools across India, with project values to be decided individually. The PSU will act as project management consultant for the assignments. In addition, NBCC has secured six new orders worth a total of INR 271.32 crore. This includes a major INR 232 crore contract for building the Namami Ganga Aquarium-cum-Discovery Learning Centre in Rishikesh, adding to its government infrastructure portfolio.Read more
05 Feb 2026
The Noida International Airport at Jewar is expected to be inaugurated later this month, according to Uttar Pradesh Chief Minister Yogi Adityanath. The greenfield airport, developed through a public-private partnership in Gautam Buddh Nagar, is nearing completion, with the aerodrome licence from the Directorate General of Civil Aviation in its final stage. The project had missed earlier operational timelines due to procedural and construction-related delays. Once operational, the airport will become Uttar Pradesh's fifth international airport and is expected to ease passenger pressure at Delhi's Indira Gandhi International Airport.Read more
05 Feb 2026
India's Global Capability Centre ecosystem is projected to expand to around 2,400 centres by 2030, with market size expected to reach USD 105-110 billion, according to a FICCI Anarock report. From over 1,700 GCCs and USD 64 billion market value in 2024, the sector continues to grow on demand from IT, BFSI, healthcare and engineering services. While top cities dominate office supply, GCC expansion is increasingly moving into Tier-2 cities, reshaping India's commercial real estate landscape.Read more
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