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World Bank raises India's FY27 growth forecast to 7.1 pc on strong domestic demand, exports

India, Oct. 6 -- The World Bank on Tuesday raised its forecast for India's GDP growth in the current fiscal by 50 basis points to 7.1 per cent, citing resilient domestic demand and stronger-than-expec... Read More


Maharashtra Tightens Housing Society Redevelopment Rules

Mumbai, Oct. 6 -- The Maharashtra government has tightened the redevelopment process for co-operative housing societies through a Government Resolution issued by the Co-operation Department on Septemb... Read More


Mahindra Lifespace Sees Rs. 15 bn Revenue from Mumbai Redevelopment

Mumbai, Oct. 6 -- Mahindra Lifespace Developers has added three housing societies to its residential redevelopment portfolio in Mumbai, with a combined revenue potential of Rs. 15 bn. The projects are... Read More


Chhattisgarh Proposes 406.72-Acre Industrial Park Under BHAVYA

Mumbai, Oct. 6 -- The Chhattisgarh government plans to submit a proposal to the Union government for an integrated multi-sector industrial park in Raipur district under the Bharat Audyogik Vikas Yojan... Read More


Project GANGA Launches GangaFiber Broadband Services in Uttar Pradesh

Mumbai, Oct. 6 -- Project GANGA, the Uttar Pradesh government's digital connectivity initiative, has launched broadband services under the GangaFiber brand in partnership with OneOTT Intertainment (OI... Read More


Kolkata Airport to Expand Parking Bays from 73 to 132

Mumbai, Oct. 6 -- Kolkata's Netaji Subhas Chandra Bose International Airport, or NSCBI airport, will undertake a Rs. 3.37 bn project to expand aircraft parking and operational space on the southern si... Read More


Indian Oil's Gujarat Refinery to Start Polypropylene Production by FY-end

Mumbai, Oct. 6 -- Indian Oil's Gujarat refinery at Koyali is expected to begin producing polypropylene by the end of the current financial year, with the 500,000 t-a-year unit intended to meet part of... Read More


Government Cuts Windfall Tax on Diesel, ATF Exports

Mumbai, Oct. 6 -- The government has reduced the windfall gains tax on diesel and aviation turbine fuel (ATF) exports, while retaining the levy on petrol exports at the existing rate for the fortnight... Read More


Transrail Lighting Wins Rs. 5.74 bn Orders, Shares Rise 10%

Mumbai, Oct. 6 -- Shares of Transrail Lighting rose as much as 10.3 per cent to an intraday high of Rs. 498 on September 30 after the company announced new orders worth more than Rs. 5.74 bn. The cont... Read More


India's Energy Resilience Shielded Consumers from Global Supply Shocks

Mumbai, Oct. 6 -- India's diversification of energy supplies, expansion of refining capacity and strengthening of infrastructure and storage helped protect domestic consumers from shortages during maj... Read More