L&T bags offshore order from ONGC for its Hydrocarbon business
Larsen & Toubro (L&T) on Thursday announced that its Hydrocarbon vertical (L&T Energy Hydrocarbon – LTEH) has secured significant order from the Oil & Natural Gas Corporation (ONGC) for the MHN TCPP PGC BGC Project (MTPBP), off India’s West Coast. 

Property Share to raise ₹192 crore from warehouse asset leased to Flipkart
Mumbai: Property Share, a tech platform for commercial real estate investments, has launched its first India warehousing asset on its platform and plans to raise ₹192 crore from it. The asset, a Grade A warehouse in Jaipur on Ajmer Road, is leased to Flipkart.

Macrotech Developers raises ₹3,300 crore via QIP
Mumbai: Macrotech Developers has raised ₹3,300 crore through a qualified institutional placement receiving overwhelming response from both existing and new global and domestic investors.

Stans Buildtech Homes secures ₹160 crore from SWAMIH Fund for Mumbai SRA project
Bengaluru: Stans Buildtech Homes Pvt Ltd has secured ₹160 crore from SWAMIH Fund, managed by SBICAP Ventures Ltd, for its SRA project. Sky Annex, located in Chembur, Mumbai, was taken over by Stans Buildtech in 2016 and has been under development since. Many issues involving tenants, flat buyers, approvals, and lack of suitable financing to meet requirements led to the project being stalled, and is now set to resume, following the deal.

Knight Frank’s Liam Bailey: Real estate remains the preferred asset class for ultra-wealthy individuals
The persistent high interest rates and continuing geopolitical tensions have led to a closer affinity between private capital and real estate, and more ultra-high net-worth individuals (UHNWI) prefer to invest in real estate. In 2022, the global interest rate shock wiped out about $10 trillion off the portfolio . But in 2023, wealth creation returned, primarily due to a recovery in asset prices, Knight Frank’s Global Head of Research Liam Bailey told businessline.

Weakness in cement prices may be short-lived amid hopes of demand revival
Cement prices fell for the fifth consecutive month in February 2024. According to various channel check reports of brokerages, the all-India average cement price dropped by 1.5% to Rs362 per 50 kg bag from a month ago.

Mumbai-Ahmedabad Bullet Train Project: NHSRCL completes Mohar river bridge in Gujarat, Ashwini Vaishnaw shares photo
The National High-Speed Rail Corporation Limited (NHSRCL) has achieved another milestone in the construction of the Mumbai-Ahmedabad High-Speed Rail (MAHSR) corridor, completing a 160-meter-long bridge over the Mohar River in the Kheda district. 

PM Modi launches additional 17-km stretch of Delhi–Ghaziabad–Meerut RRTS corridor
Prime Minister Narendra Modi virtually launched the additional 17-km stretch from Duhai to Modi Nagar North of the Delhi–Ghaziabad–Meerut RRTS corridor on Wednesday.

Indian Railways goes premium with more AC coaches per train – Key details inside
The passenger segment of the Indian Railways is taking a route towards premiumisation. The near-doubling of the per-passenger revenue in the past six years coupled with the production of more premium coaches and launch of new high-end trains in the same period show that the railways are offering premium services to the passengers at a higher price, which is remunerative to it.