Business

18

Jan

By The Press Editor

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Business

Delhi-Meerut road revamped: NCRTC hands over wider, safer 9-km stretch to PWD | Details

Each dual carriageway now spans 10.5 meters, ramping up capacity and safety along this bustling route. Key upgrade: about 6 km of fresh drains on both sides deliver lasting sewerage and anti-flood measures, banishing persistent waterlogging. New Delhi: The National Capital Region Transport Corporation (NCRTC) handed over a crucial 9.3-km stretch of Delhi-Meerut Road- from Meerut Tiraha to Duhai's Eastern Peripheral Expressway- to the Public Works Department (PWD) after full reconstruction and widening. This upgrade addresses years of wear from heavy traffic, enhancing commuter safety and flow beneath India's pioneering Namo Bharat corridor. Comprehensive restoration amid mega rail project NCRTC…

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17

Jan

By The Press Editor

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Business

Union Budget 2026: Tracking defence allocations under Modi government since 2014

Defence Budget 2026: Whether or not the Modi government increases defence spending by 20 per cent is a different question, as analysts point out that it is important to ensure that the defence sector has the ability to absorb the expenditure. New Delhi: Union Finance Minister Nirmala Sitharaman will present the Union Budget 2026-27 on February 1 (Sunday), and analysts are expecting a significant hike for the defence sector, considering the background of Operation Sindoor. Launched by India in response to the April 22 terror attack in Jammu and Kashmir's Pahalgam that claimed 26 lives, Operation Sindoor is considered to…

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16

Jan

By The Press Editor

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Business

Will infrastructure wave shape real estate’s future growth corridors? Here’s what experts say

New expressways, expanding metro networks, RRTS, and airport-led corridors are compressing commute durations and effectively stretching city boundaries outward. Noida: Infrastructure has moved decisively from being a supporting enabler to the central force shaping India’s next real estate cycle. From expressways and rapid rail to airports, logistics corridors and urban transit systems, large-scale public investment is now determining where cities expand, where jobs cluster and where capital flows.   USD 5–10 trillion market by 2047 According to Colliers, India’s real estate sector could scale into a USD 5–10 trillion market by 2047, contributing nearly 14–20 per cent to the country’s GDP,…

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16

Jan

By The Press Editor

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Business

After delays and cost overruns, NHAI fixes March deadline for Gurugram–Pataudi Highway

The upcoming stretch will be running for a total distance of 46.1 km, a project being built at a cost of around Rs 1,000 crore. Mumbai: The National Highways Authority of India (NHAI) has made a significant announcement saying that the Gurugram–Pataudi highway stretch, connecting the Dwarka Expressway to Pataudi, will finally be completed and opened for public use by the end of March this year. Once completed, the corridor will significantly improve connectivity between Gurugram, Pataudi, and Rewari. What has led to delays  The development follows multiple delays and missing timelines. The NHAI has attributed these delays to changes…

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16

Jan

By The Press Editor

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Business

Auto stock trades in green amid rally in Indian benchmark indices, check share price and other details

Earlier, the company signed an agreement with the Uttar Pradesh government to invest Rs 250 crore in the state. Mumbai: Shares of electrical equipment maker Pavna Industries traded in green on Friday, January 16, 2025, amid a rally in the Indian benchmark indices. The stock opened flat at Rs 20.07 and later gained to touch the high of Rs 20.96, a gain of 4.4 per cent from the previous close. Last seen, the scrip held firmly in green at Rs 20.49 with a gain of 2.09 per cent. The 52-week high of the stock is Rs 58.44 and the 52-week…

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16

Jan

By The Press Editor

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Business

Stock under Rs 50 hits 5% upper circuit as markets rebound, check share price

Meanwhile, the BSE has placed the stock under the Short Term Additional Surveillance Measure Stage 4 (ST ASM-4) framework. Mumbai: Shares of Spice Lounge Food Works are in action as equity benchmark indices Sensex and Nifty rallied on Friday, driven by a sharp jump in Infosys after the company raised its revenue growth guidance for FY26. The 30-share BSE Sensex climbed 343.44 points to 83,726.15 in early trade. The 50-share NSE Nifty went up by 77.65 points to 25,743.25. The stock started the trading session in green at Rs 35.94 against the previous close of Rs 34.56 and later hit…

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15

Jan

By The Press Editor

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Business

Union Budget 2026: MoD seeks 20 per cent hike on defence spending | Ambition vs reality

Defence Budget 2026: For FY 2025-26, the government allocated Rs 6.81 lakh crore to the Ministry of Defence, an increase of 9.53 per cent from the previous FY. Of this, Rs 1.80 lakh crore was allocated on capital outlay. New Delhi: Operation Sindoor, which the Modi government has repeatedly stated has only been paused and not concluded, saw an extensive use of drones and unmanned aerial vehicles (UAVs), demonstrating how modern warfare has evolved over the years. India's entire campaign, hailed by both the political and military leadership for the synergy between all three services, was solely focused on achieving…

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15

Jan

By The Press Editor

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Business

Buying a home? Check these 5 PSU banks offering the lowest home loan interest rates

After the Reserve Bank of India's decision to substantially reduce the repo rate last year, public sector banks have significantly lowered their home loan interest rates. New Delhi: For most Indians, buying a home in cities such as Delhi and Mumbai is still a dream. Buying a home is challenging for several reasons, including rising property prices, which force people to rely on home loans. Therefore, people keep wondering where to find the cheapest home loan and which bank offers the lowest EMI. Notably, after the Reserve Bank of India's decision to substantially reduce the repo rate last year, public…

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15

Jan

By The Press Editor

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Business

Flying start: Navi Mumbai International Airport hits 1-lakh passenger milestone in 19 days

When it comes to cargo movement, the Navi Mumbai airport handled 22.21 tonnes of cargo, which highlights the airport’s utility in handling both passenger and cargo operations from the very outset. Mumbai: In a landmark achievement, in its first 19 days of operation, the Navi Mumbai International Airport (NMIA) has surpassed the one lakh passenger mark. This number hints towards strong passenger traction and a steady ramp-up in travel demand from the region. According to information available, the NMIA handled a total of 109,917 passengers as of January 12. These passengers comprised 55,934 arriving and 53,983 departing travellers. January 10,…

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15

Jan

By The Press Editor

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Business

9 Amrit Bharat Express trains to link east with north, south and west, full details here

Passing through the densely populated states like Uttar Pradesh and Bihar, these trains are aimed at making travel easier for a large number of passengers. New Delhi: Indian Railways is on a spree of launching new trains, with its latest plan to unveil nine new Amrit Bharat Express trains from West Bengal and Assam. This step will significantly boost the affordable long-distance connectivity between eastern India and major destinations across the country. In a post on X, formerly known as Twitter, Union Railway Minister Ashwini Vaishnaw shared details of the new routes.   The nine routes that will see the…

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