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%

Asset class : Infrastructure

Southern Railway adds 42 new train services, launches Amrit Bharat and MEMU network expansion

18 Jun 2026

• Southern Railway introduced 42 new train services during FY 2025-26, including new Amrit Bharat Express and MEMU trains across Tamil Nadu, Kerala and Karnataka.
• New long-distance Amrit Bharat trains improved connectivity between southern India and key destinations in eastern and northern India, including New Jalpaiguri and Dhanbad.
• The railway zone expanded commuter connectivity through new MEMU services connecting Salem, Erode, Palakkad, Pollachi, Kollam and Ernakulam.
• Several train services were extended, frequencies increased and additional stoppages introduced to improve passenger accessibility across the network.
• Southern Railway reported originating revenue of INR 13,777.60 crore during FY 2025-26, surpassing its annual target and registering year-on-year growth.
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Srinagar airport runway maintenance necessary for safety, says AAI

18 Jun 2026

The Airports Authority of India (AAI) has defended the planned runway maintenance at Srinagar International Airport, stating that the work is essential to ensure aviation safety and maintain operational efficiency. The maintenance programme, proposed by the Indian Air Force, will involve periodic runway closures and a temporary complete shutdown later this year. The move has triggered concerns among tourism operators, trade bodies and businesses in Kashmir over its impact on travel and economic activity. However, authorities have maintained that the repairs are critical and cannot be delayed further due to safety and infrastructure requirements.Read more

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Telangana HC cracks down on illegal constructions, signals heavy costs for judicial relief

18 Jun 2026

• The Telangana High Court has cautioned against unauthorized constructions being brought before courts for protection after violations occur.
• The court indicated that petitioners seeking relief in such cases could face substantial monetary penalties.
• The observations reinforce the importance of complying with building regulations rather than relying on post-construction legal remedies.
• The stance is expected to strengthen urban planning enforcement and discourage illegal development activities.
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Gurugram divided into 8 administrative zones as MCG rolls out major governance overhaul

Gurugram News Desk

18 Jun 2026

• The Municipal Corporation of Gurugram (MCG) has reorganised the city into eight administrative zones grouped under two clusters.
• The restructuring aims to improve civic administration, speed up grievance redressal and strengthen accountability at the local level.
• Each cluster will be overseen by an additional commissioner, while zonal commissioners will manage day-to-day operations in individual zones.
• The move comes amid rapid urban growth, rising population and increasing pressure on infrastructure and municipal services across Gurugram.
• Officials expect the new administrative framework to improve coordination, monitoring and delivery of civic services throughout the city.
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Jammu Airport nears completion of new terminal as capacity expansion gathers pace

17 Jun 2026

Jammu Airport is set for a major capacity enhancement with its new terminal building expected to be commissioned by the end of this year. According to airport authorities, the project is around 60 per cent complete and will increase the airport’s annual passenger handling capacity to nearly five million. Over the past decade, the airport has undergone extensive infrastructure upgrades, including runway expansion, additional aircraft parking bays, installation of aerobridges, security enhancements and the development of cargo facilities. Passenger handling capacity has already increased from one million to 2.6 million annually. The airport has also expanded air connectivity and introduced several passenger-focused initiatives as part of broader efforts to strengthen aviation infrastructure and regional connectivity in Jammu and Kashmir.Read more

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Sarvam secures fresh capital to deepen India's sovereign AI capabilities

17 Jun 2026

Sovereign AI company Sarvam has raised USD 234 million (around INR 2,200 crore) in the first close of its USD 300 million Series B funding round at a post-money valuation of USD 1.5 billion. The round saw participation from HCLTech, Bessemer Venture Partners, Khosla Ventures and Peak XV Partners. HCLTech will invest INR 1,427.25 crore to acquire a 10.46 per cent stake, with the capital earmarked for developing next-generation AI models and expanding sovereign AI deployments across industries.Read more

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Metro Line 2B achieves key engineering feat with 252 MT steel span launch over Central Railway corridor

17 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed a major construction milestone for Metro Line 2B by successfully launching the first composite steel span across the Central Railway corridor between Kurla and Vidyavihar stations on the CSMT–Panvel route. The 54.25-metre-long structure, weighing 252 metric tonnes, was installed during a two-hour railway block through coordinated planning with Central Railway. The operation involved heavy-duty hydraulic cranes, extensive manpower and strict safety measures, marking another significant step in the progress of one of Mumbai’s important metro infrastructure projects.Read more

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Probe ordered after over 25 real estate projects in Patna found violating Bihar RERA norms

Patna News Desk

17 Jun 2026

• A review of real estate projects in Patna has found that more than 25 developments were allegedly operating in violation of provisions under the Real Estate (Regulation and Development) Act (RERA).
• Authorities have initiated a detailed probe to examine compliance with registration requirements, project disclosures and other regulatory obligations.
• The action follows concerns over unauthorised project marketing and potential violations affecting homebuyers, with further scrutiny expected across additional developments in the state.
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Mumbai’s Air India building to undergo INR 181 crore upgrade following state acquisition

Mumbai News Desk

17 Jun 2026

The Maharashtra government has approved an INR 181 crore refurbishment programme for Mumbai’s Air India building at Nariman Point, acquired earlier this month for INR 1,601 crore. The six-month project will include structural repairs, electrical upgrades, safety improvements and infrastructure modernisation before government departments are relocated. The 23-storey landmark will be converted into a consolidated administrative hub as part of the state’s effort to reduce spending on leased office space and centralise operations within a government-owned property.Read more

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Embassy Developments awards INR 850 crore construction contract for Worli project

17 Jun 2026

Embassy Developments Ltd has awarded a construction contract worth over INR 850 crore to Leighton Asia for its residential development Embassy Citadel in Worli, Mumbai. The company confirmed the development through a regulatory filing earlier this week, stating that the contract includes complete civil and structural works for the project. The development spans a total developable area of 1.6 million sq ft. Embassy Developments, which operates across major Indian cities including Bengaluru, Mumbai Metropolitan Region, Delhi-NCR, Chennai and Indore, continues to strengthen its presence in large-scale residential construction projects through structured partnerships.Read more

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Albania coastal resort project faces fresh protests as villagers pull down site fencing

17 Jun 2026

A proposed luxury tourism project on Albania’s Adriatic coast faced renewed opposition after around 200 residents of Rrjoll village dismantled fencing surrounding the development site. The protest reflects growing concerns over large-scale construction projects in environmentally sensitive coastal areas and longstanding land ownership disputes. Residents claim the project is being developed on land that was taken from local families without adequate compensation. The demonstration comes amid broader protests across Albania against luxury resort developments along the coastline, including projects planned near ecologically important habitats and protected natural areas.Read more

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Maharashtra plans phased solarisation of over 22,000 rural water supply schemes

17 Jun 2026

The Maharashtra government has announced plans to shift all rural water supply schemes to solar energy in a phased manner as part of efforts to reduce mounting electricity liabilities and ensure uninterrupted drinking water services. Chief Minister Devendra Fadnavis directed officials to formulate a comprehensive solarisation policy and prepare an implementation roadmap through the Maharashtra Energy Development Agency. The initiative covers 22,185 rural water supply schemes across the state and aligns with the Centre’s drinking water supply norms. The government has also proposed strengthening maintenance mechanisms through taluka-level units, greater participation of gram panchayats and improved cost recovery through water tariffs. The move is aimed at enhancing the long-term sustainability and operational efficiency of rural water infrastructure across Maharashtra.Read more

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Embassy Developments to invest up to INR 2,000 crore in project construction this fiscal

17 Jun 2026

Embassy Developments Ltd plans to invest between INR 1,800 crore and INR 2,000 crore in construction activities during FY27 as it accelerates execution across residential projects in Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. The company, part of the Embassy Group, aims to ensure timely delivery amid rising construction costs driven by higher raw material prices and labour expenses. The developer has also set an ambitious sales bookings target of INR 8,000 crore for the current fiscal, supported by planned housing launches worth nearly INR 20,000 crore. The move follows a strong FY26 performance in which sales bookings more than doubled to INR 4,631 crore, reflecting sustained demand for projects developed by established real estate brands.Read more

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Haryana approves INR 912.7 crore power infrastructure package under RDSS

17 Jun 2026

Haryana has approved additional power infrastructure projects worth INR 912.70 crore under the Revamped Distribution Sector Scheme (RDSS), aimed at strengthening the state's electricity distribution network. The Distribution Reforms Committee, chaired by Chief Secretary Anurag Rastogi, cleared the proposal and recommended it for approval by the Power Finance Corporation and the Ministry of Power. The package includes loss-reduction works in Palwal and Nuh districts, the development and augmentation of power substations, and the deployment of advanced grid management systems. The approval comes as Haryana’s power distribution utilities report significant reductions in technical and commercial losses and improvements in billing and collection efficiency. The new projects are expected to enhance network reliability, increase transformation capacity and support electricity demand across residential, agricultural and industrial segments.Read more

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Delhi to fast-track barrier-free tolling as MCD targets December rollout

Delhi News Desk

17 Jun 2026

• Delhi's Municipal Corporation plans to make all MCD toll plazas barrier-less by December through a technology-driven collection system.
• The initiative aims to reduce congestion, cut waiting times, and improve traffic flow at city entry points.
• Automated toll collection is expected to enhance operational efficiency while minimizing manual intervention.
• The move is part of a broader push toward smarter urban mobility and digital transport infrastructure in the national capital.
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Mumbai accelerates Sion road overbridge reconstruction, reopening targeted for March 2027

Mumbai News Desk

17 Jun 2026

Construction of Mumbai’s Sion Road Over Bridge is progressing, with the Brihanmumbai Municipal Corporation targeting reopening by March 2027. The bridge, a key east-west link connecting Sion, Dharavi and surrounding areas, is being rebuilt in coordination with railway authorities following demolition of the ageing structure. The project involves complex engineering work over active rail lines and forms part of Mumbai’s broader infrastructure renewal programme aimed at improving traffic flow, connectivity and safety across one of the city’s busiest transport corridors.Read more

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Odisha inaugurates 13-km Infocity–Ekamra Kanan road, launches Jayadev Vihar–Nandankanan flyover project

17 Jun 2026

The Odisha government has inaugurated a new 13-kilometre six-lane road connecting Infocity and Ekamra Kanan in Bhubaneswar while also laying the foundation stone for the Jayadev Vihar–Nandankanan road expansion and flyover project. The new corridor, built at a cost of INR 108.24 crore, is expected to ease congestion along NH-16 and improve connectivity in the city. The proposed flyover and road widening project, estimated at over INR 949 crore, forms part of a broader urban mobility plan for the state capital.Read more

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Noida International Airport begins commercial operations as first IndiGo flight lands at Jewar

Noida News Desk

17 Jun 2026

Noida International Airport at Jewar has commenced commercial passenger operations with the arrival of the first scheduled IndiGo flight from Lucknow, marking a major milestone for one of India's largest greenfield aviation infrastructure projects. The airport is expected to strengthen connectivity across the National Capital Region and western Uttar Pradesh while easing pressure on Delhi's Indira Gandhi International Airport. IndiGo will initially connect the airport to 16 domestic destinations as operations expand in phases.Read more

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Iraq scraps USD 764 million Baghdad airport expansion project amid corruption concerns

17 Jun 2026

Iraq has cancelled a USD 764 million project to upgrade and expand Baghdad International Airport after concerns were raised over possible irregularities in the tendering process and contract terms. The project had been awarded last year to a consortium comprising Luxembourg-based Corporacion America Airports and Iraqi real estate company Amwaj International. The decision comes amid the Iraqi government's wider anti-corruption efforts, which have led to increased scrutiny of major public contracts and infrastructure projects. The airport redevelopment was expected to play a significant role in improving Iraq’s aviation infrastructure and boosting passenger-handling capacity.Read more

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Cluster redevelopment takes centre stage in Mumbai’s urban renewal push

Mumbai News Desk

16 Jun 2026

Cluster redevelopment is gaining traction across Mumbai as developers and public agencies increasingly pursue large-scale projects covering multiple buildings and neighbourhoods. Supported by policy incentives and redevelopment reforms, the model is helping consolidate fragmented land parcels and facilitate integrated planning for housing and infrastructure upgrades. Several major projects have recently advanced under this framework, reflecting a broader shift away from standalone society redevelopments towards area-wide urban renewal aimed at addressing ageing housing stock and land constraints in the city.Read more

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