05 May 2026

The development of climate-resilient road infrastructure in the Himalayan region continues to face challenges due to unstable slopes, difficult terrain and frequent natural disasters. The Union road transport and highways minister highlighted that multiple measures are being implemented using global best practices and advanced technologies. These include partnerships with institutions such as THDC India Limited, the Geological Survey of India and the National Institute of Rock Mechanics for landslide management, geological studies and tunnel safety. Real-time monitoring systems, early warning tools and improved survey techniques are also being integrated to strengthen long-term infrastructure safety in hilly regions.Read more

04 May 2026

A Mumbai Police constable died after a piling rig collapsed at an under-construction flyover on the Sion–Panvel Highway in Mankhurd. He was riding home after duty when the machine fell onto the road and crushed his motorcycle. Initial findings point to possible instability of the ground and lapses in safety measures at the site. A case has been registered against the contractor and others involved. The incident also caused heavy traffic congestion in the eastern suburbs, raising fresh concerns over on-site safety at infrastructure projects.Read more

04 May 2026

The Thane Small Scale Industries Association (TSSIA) has stated that the Maharashtra government has formed a committee to examine the applicability of electricity duty on rooftop solar (RTS) consumers and the implementation of Grid Support Charges (GSC). The association had raised concerns with the state authorities earlier this week, highlighting that GSC could create an additional financial burden on industrial users and slow down rooftop solar adoption. The newly formed committee will assess issues related to self-consumption, net metering, and duty structures linked to GSC as approved by MERC.Read more

04 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has scrapped the INR 90 crore tender for a foot overbridge at Vikhroli after allegations of cartelisation and bid rigging were raised by Shiv Sena (UBT) leader Anil Parab. An internal review found irregularities in the bidding process, leading to the cancellation and possible forfeiture of deposits. The issue has also drawn attention to similar concerns in other infrastructure projects handled by the authority. Officials have maintained that the move will not impact the progress of Metro Line 6.Read more

04 May 2026

The Supreme Court has stayed a Bombay High Court ruling that had set aside the acquisition of 193 acres in Thane’s Manpada-Chitalsar area, which was earlier treated as private forest land. The High Court had upheld a tribunal order favouring the landowner, citing procedural lapses in the state’s acquisition process and directing compensation through Transferable Development Rights. The long-pending dispute revolves around the classification of the land and legality of acquisition. With the stay now in place, implementation of the High Court’s directions remains on hold until further hearings.Read more

04 May 2026

MMRDA has moved ahead with plans to strengthen social infrastructure in Bandra-Kurla Complex by allocating key plots to Jupiter Lifeline Hospitals and D. Y. Patil Education Group. The combined investment of over INR 580 crore will bring a multi-speciality hospital and a modern educational centre to the business district. The allotments were completed through a transparent e-tendering process, reflecting a shift towards integrated urban planning. The development is expected to improve access to healthcare and education within BKC, supporting its transition into a more balanced and self-sustained urban ecosystem.Read more

04 May 2026

Axis Bank has received approval from the Reserve Bank of India for the re-appointment of Subrat Mohanty as executive director for a further term of three years. The extension, effective from August 17, 2026 to August 16, 2029, follows the bank’s board approval granted earlier this year. The regulatory clearance formalises the continuation of Mohanty’s leadership role within the bank’s senior management, ensuring stability in its executive structure.Read more

04 May 2026

The National Company Law Tribunal, Mumbai, has approved a resolution plan for Nirmal Lifestyle (Mulund) Private Limited, facilitating the revival of a stalled residential project and providing relief to 234 homebuyers linked to the Nirmal Olympia development. The plan, submitted by Mantra Properties and Developers Private Limited and supported by 100% of the Committee of Creditors, addresses an aggregate debt of around INR 1,491 crore. The resolution process, led by InCorp Restructuring Services LLP, extends benefits to homebuyers associated with a partnership firm outside the formal insolvency framework, marking a complex restructuring outcome within the real estate sector.Read more

04 May 2026

The Lucknow bench of the Allahabad High Court has dismissed a petition filed by Sahara India Commercial Corporation Limited challenging the cancellation of its land lease for the Sahara Shahar complex by the Lucknow Municipal Corporation. The court held the plea to be not maintainable, citing ongoing proceedings before the Supreme Court of India involving related matters. The municipal body had cancelled the lease granted in 1994 and directed the land to be vacated in September 2025. The decision comes amid parallel proceedings linked to the Sahara-SEBI case and proposed asset transfers.Read more

04 May 2026

The Indore Municipal Corporation (IMC) has commissioned a 60 MW solar power plant in Khargone district, funded through a public green bond issuance of INR 244 crore, marking a first for a renewable energy project in India. The plant, developed at a total cost of INR 271.16 crore, is spread across 211 acres and is expected to generate 9.60 crore units of electricity annually. The project is aimed at reducing the civic body’s electricity expenditure, particularly for water supply operations, while lowering carbon emissions by an estimated 1.46 lakh tonnes each year. The initiative reflects increasing adoption of sustainable financing mechanisms in urban infrastructure projects.Read more