JSW Infrastructure's Rs 2,800-crore IPO to open this month
The Rs 2,800 crore initial public offering of JSW Infrastructure, the ports division of JSW Group, is likely to commence public subscription by the end of this month, according to bankers. The company has filed its red herring prospectus with the Registrar of Companies.

Nitin Gadkari to launch policy to use segregated municipal waste on October 2
New Delhi: Union road transport minister Nitin Gadkari on Wednesday announced the launching of a new policy on October 2 (Gandhi Jayanti) to use segregated and processed municipal waste in highway projects.
 

Ashoka concessions restarts talks to sell BOT toll road assets

Ashoka Concessions, a subsidiary of highway builder Ashoka Buildcon, has restarted negotiations to sell its build-operate-transfer (BOT) toll road assets after PE major KKR terminated the proposed transaction in May.

ULI to start India National Council operations this month
Urban Land Institute, a global group of cross-disciplinary real estate and land use experts, is set to commence its India National Council operations in September 2023.

What is the best time to invest in the real estate market in India?
Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.

Property registrations in Pune up by 99% y-o-y in August
Property registrations in the Pune district rose by 99% year-on-year in August. The total value of the registered properties in August 2023 amounted to Rs 10,613 crore. According to Knight Frank India, 13,021 units were registered in August 2023, compared to 6,544 registrations in August 2022. 

Bombay Dyeing to sell 22-acre plot for Rs 5,200 cr to Sumitomo
In one of the biggest land deals in the financial capital, Wadias-run Bombay Dyeing on Wednesday announced the sale of a 22-acre land parcel to Japan’s Sumitomo for Rs 5,200 crore.

Smartworks bets big on Chennai, to open sixth centre

Smartworks, a major managed workspace provider, has expanded its presence in Chennai to over 5 lakh square feet with a 2 lakh square feet lease of prime office space.

ASK Property Fund invests Rs 225 cr in Kumar Realty’s project in Pune’s Hinjewadi

ASK Property Fund, the real estate private equity arm of ASK Group, has invested Rs 225 crore in property developer Kumar Realty’s residential project in Pune’s Hinjewadi.

ESR Group forays into Odisha with Rs 360-cr investment

Asia Pacific-focused real estate services and investment major ESR Group is planning to develop a logistic park spread over 1.2 million sq ft in Odisha’s Cuttack and has acquired 57 acres of land for the same.

DLF eyes 19-20% more retail rental revenue in FY24
Revenue from retail assets (malls) of DLF Ltd is expected to rise 19-20 per cent on year in FY24, driven by higher consumption, more footfall at malls, and higher lease rental charges.

Prestige Estates lines up malls of 9 msf leasable area
Prestige Real Estate Projects, which has opened three malls in the last nine months, has 7-8 more malls under construction that will be coming up over the next several years starting from 2025 onwards.

Lodha to seek investor feedback on using surplus cash to cut debt or on new projects
Macrotech Developers, which sells houses under the Lodha brand name, expects to have abundant cash surplus in the current fiscal year and will be seeking feedback from investors whether to use it to cut debt further or spend it on business development.

Cement a safer and better bet than steel for next few months: Rakesh Arora
Rakesh Arora, Managing Partner, Go India Stocks, says “cement is our preferred pick for the next few months. In steel, largely it is the long products which are seeing some bit of an uptick. But China has been producing a lot of steel and they have been exporting and so steel prices have not really been moving up in the global market. Any hint of a little bit of demand pickup is resulting in raw metal prices, iron ore and coking coal moving much ahead of steel prices.”

Cos can claim credit for GST paid on dealer incentives: AAR
Mumbai: It is not just customers who look forward to the festive season in hopes of discounts and freebies - dealers, too, get target-based incentives, ranging from gold coins to white goods, from manufacturers. In a relief for manufacturers, they will be able to claim credit for the tax paid on purchase of such incentives.
 

Adani in talks with banks to refinance $3.5 billion debt taken to fund Ambuja Cements purchase
Adani Group is in talks with banks to refinance debt taken on to fund its purchase of Ambuja Cements Ltd, with lenders divided into three categories in what could be one of Asia’s largest syndicated loan deals of the year.

Dalmia Bharat's deal to buy Jaypee's cement assets hits a legal hurdle

Dalmia Bharat's acquisition of Jaiprakash Associates' cement assets for ₹5,666 crore has hit a legal hurdle due to a shareholder dispute at one of the joint-venture plants that was to be acquired as part of the transaction, according to sources aware of the matter.

Vande Bharat Express: Central Railway earns Rs 10.72 crore in 25 days from semi-high-speed trains in Maharashtra
The Vande Bharat trains operating from Mumbai to Solapur, Shirdi, Goa and from Nagpur to Bilaspur have earned the Central Railway Rs 10.72 crore recently. This earning from ticketing fare was brought in just 25 days from August 15 till September 9, media reports said citing the Central Railway’s data.

DMRC, BEL ink deal to develop indigenous communication-based train control system
The Delhi Metro Rail Corporation and Bharat Electronics Limited (BEL) on Wednesday joined hands to develop an indigenous communication-based train control (i-CBTC) system, officials said. The team has commenced work at the i-CBTC lab of the Delhi Metro Rail Corporation (DMRC) and will soon develop and deploy a prototype i-CBTC product on a "designated test track" within the DMRC network, they said.

Railways announces important update on slow Mumbai local trains
Starting September 15, Central Railway (CR) commuters should note a significant change in their daily travel routine. All slow locals terminating and originating at Dadar will now be redirected to Parel, as authorities initiate the widening of platform 1-2 at Dadar station, a TOI report stated.

Culinary journey by the tracks! Odisha’s Rourkela railway station to get coach restaurant before Durga Puja
Rourkela residents in western Odisha will soon be able to savor a unique dining experience aboard a railway coach. A Kolkata-based company is set to open a restaurant inside a railway coach near the city’s busy railway station. 

Another milestone! Indian Railways is set to complete construction of longest tunnel on Mumbai suburban network
Indian Railways is working tirelessly to complete the longest tunnel on the Mumbai Suburban network. The ‘Wavarle Tunnel’ situated on the Panvel-Karjat section falls under the jurisdiction of Central Railway (CR) zone. The zonal railway has recently completed the 1000 m underground excavation work of the 2625 m long tunnel.

Indian Railways expedites manufacturing of aluminum-built rakes for Vande Bharat Express
Indian Railways is undergoing massive transformation to boost the travel experience of passengers. This includes modernisation of railway stations, launching of new age trains, production of semi-high speed to high speed trains, track renewal etc. In this context, the manufacturing of semi-high speed to high speed trains deserves special mention.

Bullet Train Project in India! 32-metre deep BKC station to be ready in 2028, work starts in Mumbai
Construction work has officially commenced on the underground BKC station for the Mumbai-Ahmedabad bullet train project, covering an area of 4.8 hectares at Bandra Kurla Complex. The station is anticipated to be completed and ready for operation by March 2028. The National High-Speed Rail Corporation Ltd (NHSRCL) has entrusted the contract for the BKC terminus to a joint venture called MEIL-HCC, which is a collaboration between Megha Engineering & Infrastructure and Hindustan Construction Company.

Kolkata Port floats EoI for commercial development on riverfront lands
The 20.49-acre site at Moyapur is proposed for development of a luxury resort, as it still holds remnants of the old gunpowder magazine built by the British, they said.
 

JSW Infra gets nod for IPO
New Delhi : JSW Infrastructure Ltd, the Sajjan-Jindal-led port business, has received the approval to launch its ₹2,800 crore initial public offering (IPO) and is likely to finalize the launch by the end of this month, a person close to the matter told Mint.

Visakhapatnam Port Authority ranks third in country in cargo transportation