IHCL will invest up to ₹50 million in restoring, beautifying, and landscaping the 19th-century heritage landmark on Kolkata’s River Hooghly. Indian Hotels Company (IHCL), India’s largest hospitality group, has signed a memorandum of understanding (MoU) with Syama Prasad Mookerjee Port, Kolkata, to redevelop Chotelal Ki Ghat, a Grade I heritage site along the River Hooghly....
Category: ECONOMY & POLICY
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Welspun One Expands South India Warehousing Portfolio with $258 Million Investment
With these additions, Welspun One strengthens its South India footprint, expanding its land bank to more than 260 acres and unlocking over 6 million sq ft of development potential across Karnataka and Tamil Nadu. Welspun One Logistics Parks (WOLP), a leading developer and fund manager in India’s warehousing and industrial real estate sector, has announced...
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Inox Wind Divests ₹1.75 Bn Stake in EPC Arm at ₹74 Bn Valuation
The stake sale reflects growing investor confidence in India’s renewable EPC segment, as infrastructure scale and policy support converge. Inox Wind Ltd (IWL), a leading provider of wind energy solutions in India, has announced the sale of a ₹1.75 billion stake in its engineering, procurement and construction (EPC) subsidiary, Inox Renewable Solutions Ltd (IRSL), to...
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Genesys International Q1 Profit Surges 32% on Strong Mapping Demand
The company also announced plans to introduce new local intelligence products for the Middle East market as part of its global expansion strategy, as well as develop AI-based applications. Genesys International Corporation Ltd, one of India’s leading geospatial services players, has reported a 32.29 per cent year-on-year rise in net profit for the first quarter...
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Centre Defends Ethanol Blending Programme Amid Mileage Concerns; Highlights $16.5 Billion Forex Savings
Despite ethanol now costing more than refined petrol, oil marketing companies continue blending it into fuel, citing long-term gains in energy security, rural incomes, and environmental sustainability, according to the ministry. Amid growing public debate over the impact of 20 per cent ethanol-blended petrol (E20) on vehicle mileage and engine life, the Ministry of Petroleum...
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PixxelSpace-Led Consortium to Build India’s First Indigenous Commercial EO Satellite Constellation
In a first for India’s fledgling spacetech sector, a private consortium will invest over ₹12 billion over five years to deploy a constellation of 12 cutting-edge Earth observation satellites equipped with panchromatic, multispectral, hyperspectral, and microwave SAR sensors. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has selected a PixxelSpace India-led consortium—comprising Piersight Space,...
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IRB Infra and InvIT Projects Post 10% Growth in July 2025 Toll Collections
The company expects a further upside in traffic volumes and toll revenues with the onset of the festive season in India. After registering a strong year-on-year toll revenue growth of around 8 per cent in the first quarter of FY2026, IRB Infrastructure Developers Ltd and IRB Infrastructure Trust have collectively reported a 10 per cent...
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India Sets Global Record with $0.64/kg Green Ammonia Price Under Hydrogen Mission
This translates to approximately $641 per metric tonne, which is a substantial drop from the previously discovered price of ₹100.28 per kg in the H2Global auction in 2024. In a first under the National Green Hydrogen Mission, the Solar Energy Corp. of India (SECI) has completed the procurement of green ammonia at a significantly lower...
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IndiGo Starts Construction on One of India’s Largest MROs in Bengaluru
Set to be operational by early 2028, the facility marks a strategic step in IndiGo’s ambition to become a global aviation leader by 2030. IndiGo commenced construction of its world-class maintenance, repair and overhaul (MRO) facility in Bengaluru on Tuesday. The carrier held a bhoomi poojan (groundbreaking ceremony) at Kempegowda International Airport to mark the...
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SDHI to Manufacture Varex Cargo Inspection Systems in India
SDHI will exclusively produce Varex’s high-energy imaging systems at its Pipavav facility in Gujarat, supporting cargo inspections across India’s land and maritime gateways. Swan Defence and Heavy Industries (SDHI), a leading shipbuilding and heavy fabrication company, has signed an agreement with US-based Varex Imaging Corp. to manufacture advanced cargo and vehicle inspection systems in India....