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

Airoli–Katai Naka corridor nears completion to improve connectivity across MMR

08 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed Phase II of the Airoli–Katai Naka corridor, while Phase I is in the final stage of execution. The high-speed corridor is expected to improve travel between Navi Mumbai, Thane, Kalyan-Dombivli and Badlapur by reducing congestion and cutting travel time by up to 45 minutes after full completion. The project includes twin tunnels, elevated roads, advanced tunnel safety systems and multiple access ramps. Officials said the corridor will support smoother regional movement, improve logistics connectivity and strengthen links between residential, industrial and commercial hubs across the Mumbai Metropolitan Region.Read more

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Mumbai-Ahmedabad bullet train project completes major beam installation work in Ahmedabad

08 May 2026

The Mumbai-Ahmedabad bullet train corridor has achieved another major construction milestone with the successful installation of five heavy portal beams over active railway tracks in Ahmedabad’s Maninagar area. Executed by the National High Speed Rail Corporation Ltd (NHSRCL), the work involved some of the heaviest precast structures launched over live Indian Railways lines so far. The complex operation was completed within 22 days using a 2,200 MT crawler crane while maintaining regular train movement. The development marks further progress in India’s first high-speed rail project, which is targeted for operations in 2027.Read more

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State plans parking concessions in BKC to ease expansion for existing buildings

08 May 2026

The Maharashtra government has proposed relaxing parking requirements for additional built-up space in key commercial blocks of Bandra Kurla Complex (BKC). The draft allows up to a 50% reduction in parking norms for existing and under-construction buildings in ‘E’ and ‘G’ blocks, subject to space constraints. The move aims to unlock unused development potential in one of Mumbai’s prime business districts. While industry bodies have welcomed the step, concerns remain about added traffic pressure in an already congested area without parallel infrastructure upgrades.Read more

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BASF to establish global service and digital hubs in Hyderabad to support worldwide operations

08 May 2026

BASF has announced plans to set up a global service hub and a global digital hub in Hyderabad through its Global Business Services arm, with operations expected to commence in the second quarter of the coming year. The facilities will support functions such as finance, human resources, supply chain, regulatory services, and internal consulting across the company’s global network. The announcement follows an exchange of a Letter of Intent with Telangana authorities. The hubs will form part of BASF’s global delivery network and are expected to contribute to the expansion of Hyderabad’s position as a centre for global capability centres, which have seen steady growth in recent years.Read more

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South Coast Railway zone to begin operations from June 1 with Visakhapatnam as headquarters

08 May 2026

The Centre has cleared the launch of the South Coast Railway Zone, with operations scheduled from June 1 and headquarters in Visakhapatnam. The move fulfills a long-pending demand of Andhra Pradesh and is expected to improve railway administration, connectivity, and freight movement. Key changes include restructuring of the Waltair division and coordination with the Rayagada division. The new zone is likely to support industrial growth in North Andhra, enhance logistics efficiency, and create employment opportunities while strengthening overall railway infrastructure in the region.Read more

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Environmental clearance backed for JSW Dharamtar port expansion amid ecological concerns

08 May 2026

A government panel has supported environmental and CRZ clearance for expanding JSW Dharamtar Port’s capacity in Maharashtra, even after noting environmental damage in the surrounding area. The expansion aims to increase capacity from 33.95 MTPA to 54 MTPA, mainly to support cargo needs of the JSW Dolvi steel plant. During inspection, issues such as coal and iron ore dust on mangroves, wastewater discharge, and rising river turbidity were flagged. The company has agreed to take corrective steps, while authorities have stressed the need for stricter environmental monitoring.Read more

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Knowledge Marine acquires waterfront land in Maharashtra to expand shipyard capacity and maritime infrastructure

08 May 2026

Knowledge Marine & Engineering Works Ltd has acquired a prime waterfront land parcel in Maharashtra to expand its shipyard operations and strengthen its maritime infrastructure capabilities. The acquisition, announced in the past week, is aimed at developing a new facility to support shipbuilding, repair, and maintenance activities. The move aligns with the company’s strategy to scale its operational footprint along India’s western coastline and cater to rising demand in the maritime and port services sector. The development is expected to support capacity augmentation, improve operational efficiency, and contribute to regional industrial growth within the state’s coastal belt.Read more

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NHAI warns of FASTag blacklisting for improper use as tolling norms tighten across highways

08 May 2026

The National Highways Authority of India (NHAI) has issued a fresh advisory warning that improper use of FASTag could lead to blacklisting, as authorities tighten enforcement of electronic toll collection norms. The directive, issued in the past week, highlights misuse such as not affixing FASTag on the vehicle windscreen, using handheld tags, or linking tags with incorrect vehicle registration numbers. NHAI has also directed issuing banks to validate registration details and blacklist tags with mismatches. The move aligns with the rollout of advanced tolling systems, including barrier-free models, where accurate and compliant FASTag usage is critical. Non-compliance may result in penalties, failed transactions, and disruption at toll plazas.Read more

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Peak-hour protest at Virar over AC train scheduling

08 May 2026

A suburban rail blockade at Virar station earlier this week brought attention to recent service changes announced by Western Railway, including the conversion of multiple non-AC trains into air-conditioned (AC) services and the augmentation of 12-coach trains to 15-coach formations. The changes, scheduled for implementation from mid-May, include the introduction of 12 additional AC services and the upgrade of 17 existing suburban trains. While aimed at increasing capacity from 227 to 244 services and improving commuter comfort, the move has reduced the availability of non-AC trains during peak hours on the Virar–Churchgate corridor. This triggered protests by daily passengers, who entered the tracks during the morning rush, citing affordability concerns and overcrowding in remaining general services.Read more

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KRFB plans redevelopment of LMS–Vellayambalam corridor to address congestion and improve road safety in Thiruvananthapuram

08 May 2026

The Kerala Road Fund Board (KRFB) has proposed a comprehensive redevelopment of the LMS–Vellayambalam road corridor in Thiruvananthapuram to address persistent traffic congestion and safety concerns. The plan, outlined in the past week, includes road widening, upgraded traffic signalling, improved signage, and enhanced traffic management at key junctions such as Vellayambalam. A detailed traffic and safety study has been commissioned through the National Transportation Planning and Research Centre (Natpac), which will inform a detailed project report (DPR). The corridor is being treated as a pilot for similar upgrades across the city, reflecting growing infrastructure pressure in high-density urban stretches.Read more

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