SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Infrastructure News

Chandigarh asked to fund half of Baltana rail underpass as land acquisition nears completion

03 Feb 2026

The Baltana railway underpass project at Raipur Kalan-Harmilap Nagar level crossing (RUB-123) has reached the final stage of land acquisition, moving closer to construction. Notifications under Sections 19 and 20 of the 2013 Land Acquisition Act have been issued, completing the last legal requirement. The Ambala railway division has requested Chandigarh to pay its 50 % share of the INR 12.81 crore project cost to start tendering. Local leaders and community groups have actively followed up with officials to ensure funding is released promptly and construction begins without delays.Read more

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Six-lane underpass at Bakhtawar Chowk in Gurugram to ease congestion soon

Gurugram News Desk

03 Feb 2026

The Gurugram Metropolitan Development Authority (GMDA) is moving forward with the construction of a six-lane underpass at Bakhtawar Chowk to reduce traffic congestion on the busy Subhash Marg corridor. The project has been allocated INR 80 crore and will span about 550 metres, including two surface lanes for local traffic. It is being coordinated with the Sector 47 metro station on the Millennium City Centre-Cyber City corridor. The underpass replaces an earlier flyover plan and reflects years of planning to streamline vehicle movement in the area.Read more

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Government panel recommends Indian railways stagger station redevelopment and align spending with revenue

02 Feb 2026

A high-level government panel has urged Indian Railways to adopt a staggered approach to station redevelopment projects, suggesting that spending be linked more closely to revenue and financial capacity. This recommendation comes amid efforts to prioritise funds for strategic rail corridors and core infrastructure, ensuring that major redevelopment initiatives do not strain resources or distract from key network enhancements. The panel's advice emphasises phasing large-scale station projects over a longer period rather than pursuing simultaneous, costly upgrades. By aligning redevelopment expenditure with actual revenue generation and financial planning, Indian Railways can better balance modernisation aims with fiscal sustainability. The proposal reflects a broader focus on long-term programme development and efficient allocation of capital within the rail sector, allowing core transport corridors to receive priority funding.Read more

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Boeing and Ben-Gurion University set up aviation cybersecurity research centre in Israel

02 Feb 2026

Boeing and Ben-Gurion University of the Negev (BGU) have launched a five-year collaboration worth over USD 10 million to establish an Aviation Cybersecurity Research Centre in Beersheba, Israel. The centre will focus on cybersecurity for advanced aviation and aerospace systems, including autonomous, digital and connected technologies. The initiative will develop secure communication systems, resilient platforms, and advanced security frameworks while training the next generation of experts. The collaboration leverages BGU's established research ecosystem and aims to strengthen both Israeli and global aerospace cybersecurity capabilities.Read more

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Auto industry welcomes customs duty relief for lithium batteries, sees boost to EV ecosystem

02 Feb 2026

Automobile industry bodies have welcomed provisions in the Union Budget 2026-27 that extend customs duty exemptions on capital goods and components used in lithium-ion battery manufacturing, stating that the measures will support the growth of India's electric vehicle ecosystem. Industry representatives said the continued duty relief, along with higher capital expenditure and allocations for electric buses, would strengthen domestic manufacturing, improve affordability and provide long-term policy stability. The sector also welcomed the government's focus on infrastructure development, clean mobility, rare-earth supply chains and manufacturing-led growth. Industry leaders noted that the measures would help stabilise supply chains, support MSMEs and position India as a competitive manufacturing and sourcing hub amid global economic uncertainty.Read more

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JDA allots land for Jaipur Metro Phase-1C, clearing path for Badi Chaupar–Transport Nagar extension

02 Feb 2026

The Jaipur Development Authority (JDA) has approved land allotment for the upcoming Jaipur Metro Phase-1C extension, a 2.85-km stretch running from Badi Chaupar to Transport Nagar via Galta Gate. This decision by the Authority's land and property disposal committee clears a significant hurdle in advancing metro expansion in the historic city, as 7,700 sqm of land has been earmarked for the project. To facilitate the use of forest department land along the alignment, JDA will conduct a land swap, allotting 2.01 hectares in Daulatpura village, Amer tehsil to the forest department in exchange. The extension includes an underground station at Ramganj Chaupar and an elevated station at Transport Nagar, bringing much-needed urban transit deeper into Jaipur's dense central areas and improving connectivity. Officials highlight that this step accelerates preparations for construction activity and supports broader transport and real-estate development goals in the city.Read more

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Central infrastructure projects see INR 5.42 lakh crore cost escalation, transport sector dominates pipeline

02 Feb 2026

Infrastructure projects with an individual value of over INR 150 crore have collectively recorded cost overruns amounting to INR 5.42 lakh crore, according to a government monitoring report released earlier this week. The revised cost of 1,392 ongoing central sector projects has risen to INR 35.10 lakh crore, compared to their original estimated outlay of INR 29.68 lakh crore. Data published by the Ministry of Statistics and Programme Implementation (MoSPI) shows that more than half of the revised project cost has already been incurred, indicating significant progress despite cost pressures. The transport and logistics segment accounts for the largest share of projects and investment value, highlighting continued policy emphasis on connectivity-led infrastructure expansion. The findings are based on disclosures made through the newly launched PAIMANA digital monitoring portal.Read more

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Maha Metro invites bids for major Ramwadi–Wagholi infrastructure works in Pune

Pune News Desk

02 Feb 2026

Maharashtra Metro Rail Corporation Ltd (Maha Metro) has invited bids for key infrastructure works on the Ramwadi Wagholi section of the Pune Metro Phase-2 expansion, signalling progress on one of the city's largest upcoming transport corridors. The tender covers construction of an elevated Metro viaduct and a six-lane elevated road beneath it along a 4.8-km stretch between Ramwadi and Tuljabhavani Chowk, part of the longer 11.6-km corridor featuring 11 stations. Both works are planned to be executed in tandem to minimise disruption and to integrate transit and road infrastructure. The broader Phase-2 project, approved by the Union Cabinet, is estimated at around INR 3,626.2 crore and will extend the Pune Metro network eastwards to Wagholi, improving connectivity on heavily congested routes and supporting urban mobility. Maha Metro has scheduled pre-bid engagement and set a timeline for bid submissions, with construction expected to span 42 months from commencement.Read more

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Why Trichy’s Melapudur road under bridge is shut for steel girder replacement

02 Feb 2026

The Melapudur Road under bridge (RuB) in Trichy was closed this past week as the Trichy railway division carried out maintenance to replace two ageing steel girders on tracks between Trichy Junction and Palakkarai station. The project, costing INR 86 lakh, involves installing 20-metre long girders weighing a total of 50 tonnes. Traffic diversions were enforced by city police, affecting key commuter routes. With nearby railway RoBs also under renovation, congestion increased on alternate paths. Train operations continued with partial adjustments, while road access remained fully suspended until the work completes.Read more

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Skywalk connecting Bandra station to Kalanagar junction opens for public use

Mumbai News Desk

02 Feb 2026

The reconstructed pedestrian skywalk linking Bandra Railway Station (East) and Kalanagar Junction on the Western Express Highway in Bandra (East) has been opened to the public earlier this week. Stretching 680 metres in length and 5.40 metres in width, the elevated walkway features four staircases, two escalators, and 14 CCTV cameras. The skywalk directly connects to the station's foot overbridge, providing safer and faster access to Bandra Court, Bandra Kurla Complex (BKC), MHADA, and the district collector's office. Officials highlighted its potential to ease congestion on Anant Kanekar Road and improve daily pedestrian movement.Read more

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