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07 Feb 2026
A gas tanker carrying highly flammable propylene overturned near the Adoshi Tunnel on the Mumbai-Pune Expressway, leading to a massive traffic jam lasting more than 12 hours. Traffic on the Mumbai bound lane was immediately stopped, while some vehicles were diverted onto the Pune bound carriageway, yet congestion persisted due to ongoing gas leakage. Thousands of commuters were stranded without access to food, water, or toilet facilities. Emergency teams, including the NDRF and highway police, worked through the night to secure the tanker, contain the leak, and restore traffic flow safely.Read more
06 Feb 2026
The Brihanmumbai Municipal Corporation (BMC) has carried out an anti-encroachment drive across Mohammed Ali Road and Ibrahim Merchant Road, two of south Mumbai's busiest commercial stretches. The action focused on clearing unauthorised shops, raised platforms, sheds, bollards and abandoned vehicles that had blocked footpaths and affected traffic movement. Civic officials said the operation followed complaints about pedestrian safety and congestion. The drive involved heavy machinery, civic staff and police support, with authorities stating that similar action will continue in other congested areas.Read more
06 Feb 2026
Adani Energy Solutions Ltd has installed 1 crore smart electricity meters across distribution companies, achieving the fastest deployment pace in India. As the country's leading AMISP, AESL is responsible for 2.5 crore smart meters across five states, with the next 1 crore planned in the upcoming financial year. These meters provide real-time consumption insights, improve billing transparency, and support grid reliability. AESL's partnerships with sister firms and tier I meter brands ensure smooth delivery, aligning with India's RDSS initiative to replace 25 crore conventional meters with advanced smart meters.Read more
06 Feb 2026
India's Real Estate Investment Trust market continues to remain smaller than global peers, accounting for nearly 20% of the country's institutional real estate universe. According to a recent FICCI Anarock report, five listed REITs have collectively built a market capitalisation of about USD 18 billion over the past seven years. The report indicated that future REIT growth could be supported by newer asset classes such as data centres and logistics parks, alongside sustained office demand driven by Global Capability Centres across major cities.Read more
06 Feb 2026
NABARD has projected a priority sector credit potential of INR 49,795.58 crore for Jammu and Kashmir for 2026-27, outlining the estimate in its Potential Linked Plan. The focus paper, released at a recent credit seminar, highlights agriculture, allied sectors, MSMEs and rural infrastructure as key growth areas. The plan stresses last-mile credit inclusion, universal Kisan Credit Card coverage, support for FPOs, horticulture expansion and value addition in handicrafts. Officials emphasised integrated planning, skill-based lending and technology-driven credit delivery to strengthen rural livelihoods.Read more
06 Feb 2026
JK Lakshmi Cement Ltd reported a 23.66 per cent drop in consolidated net profit to INR 57.04 crore for the December quarter, mainly due to exceptional expenses linked to new labour laws. Despite this, profit before exceptional items and tax rose 5.55 per cent, indicating stable core operations. Revenue from operations grew over 6 per cent, while sales volumes increased more than 8 per cent to 3.28 million tonnes. The company maintained a positive outlook for the cement sector, citing infrastructure and housing demand.Read more
06 Feb 2026
India ranked second globally, after Mainland China, for LEED-certified real estate space outside the United States, according to data released by the US Green Building Council and GBCI. The ranking reflects India's growing focus on sustainability, with around 16 million gross square metres of certified space. Globally, over 7,500 LEED-certified commercial projects were recorded last year. India's performance was driven mainly by higher adoption of LEED for Operations and Maintenance, indicating a shift towards improving energy efficiency in existing buildings across multiple real estate segments.Read more
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
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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
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
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