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%

Top Stories

Maharashtra government backs INR 10,000 crore PFCL loan to push Mumbai infra growth

11 Apr 2025

The Maharashtra Government has agreed to act as guarantor for an INR 10,000 crore loan extended by Power Finance Corporation Ltd (PFCL) to fund infrastructure projects across the Mumbai Metropolitan Region (MMR). A Government Resolution issued earlier this week confirmed the cabinet’s nod to this financial arrangement for the 2024–25 fiscal. Although a new guarantee is being issued due to the previous financial year closing, it remains subject to further cabinet clearance. The Mumbai Metropolitan Region Development Authority (MMRDA), designated as the principal borrower, is responsible for monthly updates to the finance and urban development departments. Overall, the state has permitted MMRDA to borrow up to INR 60,000 crore, of which guarantees for INR 24,000 crore have already been extended.Read more

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Maharashtra CM outlines 3L cr development push to transform Maharashtra's economy

10 Apr 2025

Maharashtra Chief Minister Devendra Fadnavis has outlined a comprehensive plan to boost regional development, infrastructure, and economic growth. Speaking at the India Global Forum Next, he emphasized creating a balanced, business-friendly environment across the state. Key projects include the development of 'Third Mumbai' in Navi Mumbai, with an EduCity and Innovation City, and improved connectivity via the upcoming Navi Mumbai Airport and Atal Setu bridge. A 'Fourth Mumbai' is also planned near Vadhavan Port. Rural regions are also being uplifted-Gadchiroli as a steel hub, Chhatrapati Sambhajinagar for EVs, and Vidarbha for solar energy. With investments in skill training, AI, green tech, and irrigation, Maharashtra aims for inclusive, sustainable progress.Read more

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Kurnool emerges as an industrial and renewable energy hub with INR 40,000 crore in investments

10 Apr 2025

Kurnool in Andhra Pradesh is rapidly evolving into a major industrial and green energy hub. Key projects include the 2,595-acre Orvakal Industrial Node under the Hyderabad-Bangalore Industrial Corridor with INR 2,500 crore in infrastructure investment, and the INR 1,800 crore Orvakal Mobility Valley, expected to attract INR 13,000 crore in EV-related investments. The INR 22,000 crore Greenko Integrated Renewable Energy Project near Gani village is among India's largest, powering 4.3 million homes. Connectivity is also improving with the Surat-Chennai Expressway and PowerGrid's Kurnool-III transmission upgrades. These developments promise major employment opportunities and signal Kurnool's transformation into a key economic powerhouse.Read more

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Arunachal Pradesh: Sela Tunnel, new highways, and railway projects to transform Tawang's connectivity

10 Apr 2025

Tawang is undergoing rapid infrastructure development, with projects exceeding INR 70,000 crore aimed at boosting connectivity, tourism, and defense. The INR 825 crore Sela Tunnel, inaugurated by PM Modi, ensures all-weather access at 13,000 ft altitude. The proposed INR 70,000 crore Bhalukpong-Tawang rail line will span 378 km through mountainous terrain, while the INR 40,000 crore Arunachal Frontier Highway will improve border access. Upgrades to Tawang's Advanced Landing Grounds and the INR 97.14 crore tourist circuit along NH-13 further strengthen the region's strategic and economic potential. These projects aim to transform Tawang into a vital hub of defense logistics, tourism, and regional development.Read more

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Mumbai Metro Line 3: CMRS begins inspection of BKC-Acharya Atre Chowk stretch on Mumbai Metro Aqua Line

09 Apr 2025

The Commissioner of Metro Rail Safety has begun inspecting the 6-km BKC to Acharya Atre Chowk stretch of Mumbai Metro Line 3, marking the final step before commercial launch. This section, with six key stations including Dadar and Worli, is part of the 20-km Phase I corridor from Aarey to Acharya Atre Chowk. Safety checks cover structures, tracks, electrical systems, fire safety, and tunnel ventilation-including a complex tunnel under the Mithi River. Trial runs have been completed, but the launch date is yet to be announced. Once operational, the line will ease road traffic, boost connectivity in central Mumbai, and offer fares ranging from INR 10 to INR 60.Read more

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Pamban Bridge: India's longest vertical lift bridge blends global design with local execution

09 Apr 2025

The newly constructed vertical lift rail bridge at Pamban, linking Ramanathapuram with Rameswaram, has been officially completed and handed over to Southern Railway. Replacing the 108-year-old British-era cantilever bridge, this modern structure is a technological feat designed to withstand the severe corrosive climate of the Bay of Bengal. Executed by Rail Vikas Nigam Limited (RVNL) with inputs from Spanish firm TYPSA and Indian institutes, the project faced multiple challenges from monsoon delays to COVID-19-related disruptions resulting in a cost escalation from INR 279 crore to INR 531 crore. Notably, over 97% of the materials used were domestically sourced.Read more

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The Cost of Development: A battle between infrastructure and nature

Arun Nair

08 Apr 2025

The conflict between infrastructure development and environmental conservation has intensified, with the Supreme Court stepping in to halt large-scale deforestation in Telangana's Kancha Gachibowli area. Mumbai, too, faces an ecological crisis as metro projects, expressways, and tunnels lead to significant tree loss. Experts warn that tree transplantation efforts are largely ineffective, with poor survival rates. Environmentalists argue that unchecked deforestation worsens urban heat and biodiversity loss. With a lot of trees being lined up to be cut for the upcoming projects, a sustainable approach is imperative to balance progress and ecological preservation.Read more

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Panaji sees major upgrades in roads, digital infra under Smart City and CCP budget

Vidhi Sangoi

08 Apr 2025

Panaji is undergoing a major transformation under the Smart City Mission, with 42 of 51 projects worth INR 849 crore already completed and nine more valued at INR 202 crore underway. As part of this INR 1,051 crore push, 6,850 meters of roadwork in Central Panaji will be completed by May 2025. The city has also unveiled a INR 120 crore municipal budget and introduced digital initiatives like the Goa State Data Infrastructure Project. To address implementation delays and boost equitable development, MLAs can now propose infrastructure projects up to INR 100 crore each, starting FY 2025-26-marking a strategic move towards inclusive urban growth.Read more

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Raipur-Visakhapatnam expressway, Metrolite, and Naya Raipur projects to reshape the capital city

08 Apr 2025

Raipur is undergoing rapid transformation with major infrastructure projects like the INR 20,000 crore Raipur-Visakhapatnam Expressway, expected to cut travel time to 6-7 hours by 2025. An MoU with Russia's Transport Ministry will introduce a INR 400-500 crore Metrolite transit system linking Raipur to Durg and Bhilai. Under the Smart City Mission, the city has allocated INR 2,000 crore for FY26, prioritizing traffic and urban upgrades. Naya Raipur's development includes a 130-acre Sports City and a INR 2,000 crore Electronics Manufacturing Cluster in Sector 22. Together, these projects position Raipur as a rising urban and industrial hub in central India.Read more

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Thiruvananthapuram Smart City projects get December deadline to complete pending work

07 Apr 2025

Thiruvananthapuram's Smart City projects now have their deadline extended until December. The new timeline will allow for the completion of key initiatives including the renovation of the Palayam Connemara Market, development of Chalai Market, construction of multi-level car parking facilities at Vaniyamkulam and Putharikandam, and the redevelopment of Rajaji Nagar Colony. Smart City Thiruvananthapuram Ltd (SCTL) reports that 95 percent of funds have already been utilised, and the extended deadline will enable timely project completion, further enhancing urban infrastructure and sustainability in the capital.Read more

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