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

Amaravati's INR 65,000 crore capital city project resumes after five-year freeze

17 Apr 2025

Construction work has finally resumed on the Amaravati capital city project in Andhra Pradesh after a five-year hiatus. Estimated to cost INR 65,000 crore, the project envisions a world-class urban centre designed by UK-based Foster and Partners. With financial backing from the Indian government, international lenders, and HUDCO, the development is planned to be completed in phases, with Phase-1 targeted for completion in the next three years. The city is expected to generate 1.5 million jobs, house 3.5 million residents, and contribute USD 35 billion to GDP by 2050.Read more

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Industrial manufacturing cluster to be set up near Hisar Airport to boost Haryana's economy

17 Apr 2025

In a bid to strengthen Haryana's industrial growth, a large Industrial Manufacturing Cluster (IMC) will be developed near Maharaja Agrasen Airport in Hisar, spanning approximately 3,000 acres. The project, with an estimated cost of INR 4,680 crore, will be developed jointly by the Haryana government and the National Industrial Corridor Development Corporation (NICDC). This IMC, the largest under the Amritsar-Kolkata Industrial Corridor, is expected to attract investments of around INR 32,000 crore and create over 10,000 jobs. It will feature modern infrastructure, including roads, water treatment, and waste management plants. The project is poised to enhance Haryana's economic landscape significantly.Read more

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India gears up for 50 new airport projects as part of aviation infrastructure push

17 Apr 2025

The Indian government is preparing to undertake 50 airport development projects over the next five years, focusing on both new airports and major upgrades to existing ones. This initiative is part of a broader plan to strengthen the country's aviation ecosystem, which has seen the number of operational airports rise from 74 in 2014 to 159 currently. Civil Aviation Secretary Vumlunmang Vualnam stated that the development will follow a holistic approach, involving public-private partnerships and improved land acquisition processes. Meanwhile, industry projections indicate the region will need capital investments of around USD 240 billion for greenfield and brownfield airport projects.Read more

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Ambedkar Memorial in Mumbai reaches 50% milestone, on track for 2026 completion

16 Apr 2025

The INR 1,070 crore Dr Babasaheb Ambedkar Memorial at Indu Mill, Dadar, is progressing steadily with over 52% of the pedestal structure completed. The 350-ft bronze statue, designed by renowned sculptor Ram Sutar, has reached 20% completion. Ancillary buildings, including a museum, lecture hall, and library, are also nearing completion. The MMRDA aims to finish the project by 2026. In parallel, the Ambedkar Knowledge Centre in Kalyan-India's only digital hub on Ambedkar-has launched its second phase with interactive displays and 3D holograms, enhancing public engagement. Together, these initiatives mark Mumbai's monumental tribute to the architect of India's Constitution.Read more

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Rajasthan targets INR 20,000 crore investment with new Data Centre Policy 2025

16 Apr 2025

Rajasthan's Chief Minister Shri Bhajanlal Sharma has unveiled the Rajasthan Data Centre Policy 2025, aiming to attract INR 20,000 crore in investments over the next five years. The policy offers extensive incentives, including annual subsidies up to INR 20 crore, a 5% interest subsidy, and exemptions on land charges and electricity fees. Early investors receive an extra 25% 'sunrise incentive.' The policy also supports green tech, skill development, and IP protection. With assured power supply and new regulatory reforms, Rajasthan seeks to emerge as a data centre hub beyond India's metro cities, leveraging its land availability and renewable energy potential.Read more

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Hubballi-Dharwad: HDMC launches weekly cleaning drive for open plots ahead of monsoon

15 Apr 2025

The Hubballi-Dharwad Municipal Corporation (HDMC) has launched a systematic cleaning drive targeting open plots ahead of the monsoon. Overgrown plots, often mosquito breeding sites and dumping grounds, will be cleared weekly by sanitation teams. Priority will be given to high-risk areas near residential zones. Notices will be issued to private landowners, with penalties and cleaning costs imposed for non-compliance. A database will track site maintenance, ensuring regular follow-up. Mass cleaning drives are scheduled every Tuesday. Residents support the move, seeing it as crucial for health and hygiene. The initiative aims to prevent disease outbreaks and improve the city's overall cleanliness.Read more

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Delhi Airport sets sights on 24 million flyers and deeper Asia-Pacific links

15 Apr 2025

Delhi airport is targeting over 24 million annual passengers in the next one to two years, with a strong focus on expanding its international connectivity-particularly to Asia-Pacific destinations such as Australia and New Zealand. The Indira Gandhi International Airport (IGIA), currently handling around 22 million passengers yearly, including 5.5 million transit travellers, is operated by Delhi International Airport Ltd (DIAL). To strengthen these connections, DIAL has signed a memorandum of understanding with Auckland Airport. The airport, already linked to 70 international destinations, is positioning itself as a global hub amid ongoing terminal and runway upgrades.Read more

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Chhattisgarh aims to become semiconductor hub with new Nava Raipur plant

15 Apr 2025

Chhattisgarh has taken a significant step towards entering the high-tech manufacturing space with the foundation stone laid for its first semiconductor plant in Nava Raipur last week. The project, spearheaded by Chennai-based Polymatech Electronics, will be built on a 1,50,000 sqft plot and is expected to produce 10 billion chips by 2030. Backed by INR 1,143 crore in investment, the plant will manufacture Gallium Nitride chips essential for 5G and 6G technologies. The initiative is part of a broader vision to transform Nava Raipur into the Silicon Valley of the state, aided by a proactive industrial policy and rapid government approvals.Read more

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NHEV secures land in Tirunelveli for 3G EV charging hub on freight corridor

15 Apr 2025

The National Highways for Electric Vehicles (NHEV), an initiative supported by the Ministry of Commerce and Industry, has acquired 4.7 acres of land in Tirunelveli to establish a 3G EV charging station. This project falls under the broader 5,500 km national rollout of NHEV's charging network and marks the first station under the South Zone rollout and second along the Kanyakumari-Madurai corridor. The site, pledged by Maaya Autobahn, will be developed as a key logistics and truck charging hub, strategically aligned with ports and freight corridors nearby.Read more

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MMRDA to assess feasibility of golf course at Mulund landfill site

15 Apr 2025

The Maharashtra government is exploring the possibility of transforming the 25-acre reclaimed land at the Mulund dumping ground into a golf course. The state's Urban Development Department, at the Chief Minister's directive, has instructed the Mumbai Metropolitan Region Development Authority (MMRDA) to conduct a feasibility study. This move is being seen as part of a larger plan to repurpose vast plots of rehabilitated landfill sites into sustainable urban projects. While BMC will remain the landowner, MMRDA has been asked to draft a development plan, and discussions are underway to ensure that the project aligns with environmental and recreational goals.Read more

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