05 May 2025

Japan's Sojitz Corporation has announced a USD 400 million investment in India's clean energy sector to develop 30 biomethane plants through a joint venture with GPS Renewables and Indian Oil Corporation Ltd. (IOCL). Operating under IOC GPS Renewables Pvt. Ltd. (IGRPL), the project aims to produce 160,000 tons of biomethane annually by FY 2026-27 using agricultural waste, addressing both energy needs and stubble burning. This move aligns with India's SATAT initiative and Sojitz's growth plans for India. The deal was structured by EY and advised legally by Cyril Amarchand Mangaldas, marking a major boost for India's bioenergy ecosystem.Read more

02 May 2025

BEST is set to roll out last-mile connectivity for Mumbai Metro Line 3’s remaining phases, introducing 27 new bus routes to connect commuters with underground stations. Ten routes will serve the Dharavi to Acharya Atre Chowk stretch using 29 buses, linking areas like Dadar, Wadala, and Mahim. For the Acharya Atre to Cuffe Parade stretch, 17 more routes are in planning. BEST will adopt a ring-route model and upgrade station exits with bus bays. A tie-up with Google Maps will provide real-time bus tracking and ETAs, enhancing commuter convenience and supporting non-motorised transit across high-density zones.Read more

02 May 2025

The Maharashtra government has approved a INR 1,800 crore, 1.26-km connector linking Bandra Fort to the Bandra-Worli Sea Link to ease traffic at Bandra Reclamation and SV Road junctions. The six-lane road, to be built by MSRDC, will serve as a second sea link entry point from Bandstand, benefiting daily commuters and tourists. While the project includes land acquisition and rehabilitation, concerns remain about its impact on Bandstand’s public spaces. Officials plan minimal disruption with entry near Taj Lands End and a small exit at Bandra Fort. The connector forms part of a larger plan to decongest western Mumbai through parallel corridors.Read more

02 May 2025

Kotak Alternate Asset Managers has invested INR 2,000 crore in GVK Group’s Alaknanda Hydropower Company by subscribing to rupee bonds maturing in 2039 with a 12% annual coupon. The funds—raised through three Kotak funds—will refinance existing debts owed to institutions like Axis Bank and LIC, consolidating borrowings under a single lender group. The 330 MW hydropower project in Uttarakhand stands to benefit from improved financial stability and long-term support. This strategic refinancing reflects a growing trend of targeted investments in sustainable infrastructure, strengthening GVK’s position in India’s renewable energy sector.Read more

01 May 2025

The Maharashtra government has officially notified the redevelopment of MHADA colonies in Bandra and Worli, impacting around 3,000 aging housing units. The plan aims to improve living conditions for long-waiting residents by offering larger, modern flats and temporary housing or rent during construction. Developers will receive additional FSI to support the projects and must adhere to strict completion timelines. This initiative follows broader urban renewal efforts across Mumbai, including the Dharavi redevelopment and reforms in south Mumbai's cessed buildings. While the move could boost housing supply and ease prices, experts stress the need for timely execution and strong safeguards for residents.Read more

30 Apr 2025

A new 550-metre underpass connecting Mumbai's Coastal Road to the Worli-Sewri corridor is set to open by early May, offering southbound motorists from Dadar and Prabhadevi direct access to Nariman Point and Marine Drive. Built to ease congestion at Worli-Haji Ali, the tunnel will allow seamless entry onto the Coastal Road without using crowded city streets. Finishing works like signage, lighting, and surfacing are underway. Part of the 10.58-km Coastal Road project, the underpass is expected to significantly cut travel time to Mumbai's central business districts and improve traffic flow along the city's key commercial arteries.Read more

30 Apr 2025

Beghou Consulting has expanded its India footprint by inaugurating a new office in Bengaluru, aiming to capitalise on the city's stronghold in healthcare analytics and data science. Positioned in Whitefield's Brigade Metropolis, the new setup complements existing offices in Pune and Hyderabad. This move aligns with Beghou's global strategy to accelerate innovation in life sciences commercialisation by accessing India's specialised talent pool. The firm is targeting a 40% team expansion by the end of the year and plans to deepen collaboration across its Indian and US teams to bolster AI and data science-driven capabilities.Read more

30 Apr 2025

Avaada Group recently signed a memorandum of understanding with the Maharashtra government to develop two large-scale pumped storage hydro projects Pawana Falyan (2,400 MW) and Sirsala (1,200 MW) with a total proposed investment of INR 15,100 crore. These projects are expected to generate over 3,800 direct jobs and bolster the state's renewable energy infrastructure by ensuring reliable, round-the-clock power supply. The move aligns with Maharashtra's vision to become India's clean energy hub and supports national goals of energy security and sustainability through grid stability and seamless renewable integration.Read more

30 Apr 2025

The Gopal Krishna Gokhale bridge in Andheri is on track to complete its main construction by April 30, 2025, according to Brihanmumbai Municipal Corporation (BMC) officials. Although the structure itself is nearly finished, traffic opening will depend on further inspections and approvals from railway authorities. Minor works such as signage and barriers will continue post-completion. The bridge will improve east-west connectivity in Andheri, alleviating traffic on SV Road and the Western Express Highway. Meanwhile, the Vikhroli flyover project, though 95% complete, faces delays due to complex engineering challenges, with a completion target set for May 31.Read more

29 Apr 2025

Starting 1st May 2025, Mumbai International Airport will officially begin hand-carriage jewellery export operations, a major boost for India�s gem and jewellery trade. Enabled by CBIC Circular No. 09/2025-Customs, the move follows a successful mock drill involving key industry bodies and customs authorities. GJEPC Chairman Kirit Bhansali praised the initiative for simplifying logistics, especially for MSME exporters, and strengthening India's position as a global jewellery hub. A Standard Operating Procedure (SOP) will soon be issued to guide exporters. With a dedicated GJEPC office at the airport, the initiative promises greater flexibility, growth, and global reach for India's jewellery sector.Read more