Indian Infrastructure Industry News & Updates
Commerce Ministry ready to extend hybrid model for IT units in SEZs by at least 2 years
New Delhi: The Commerce & Industry Ministry has decided to recommend an extension of two years or more to the hybrid working model of IT-ITeS units operating in SEZs beyond the year-end when the one-year extension given last year is set to lapse, sources said.
Housing prices appreciate up to 65% in Tier II cities since 2023: PropEquity report
Real estate projects in top tier II cities rose upwards of 65 per cent on an average since 2023, according to online real estate data and analytics platform PropEquity.
Rupee weakens against US dollar amid economic concerns and RBI policy signals
The Indian rupee closed at Rs 84.6875 against the US dollar, on December 6, 2024. The currency has weakened by 1.49 per cent over last one week on concerns over slowing economic growth and increased demand for dollars in the Non-Deliverable Forward (NDF) market.
Goregaon Mulund Link Road: Realignment of 6.5-km twin tunnels approved – Know what’s next
The Brihanmumbai Municipal Corporation (BMC) has approved a realignment of the 6.5-km-long twin tunnels for the Goregaon Mulund Link Road (GMLR) project, increasing the cost by Rs 248 crore, The Indian Express reported. These tunnels, which will connect Goregaon in the western suburbs to Vikhroli in the east, will pass under the Sanjay Gandhi National Park (SGNP).
Vande Bharat Sleeper Trains: First prototype manufactured, field trials to begin soon
The first prototype of the Vande Bharat sleeper trainset has been manufactured and is set to undergo field trials soon. Railway Minister Ashwini Vaishnaw shared this information in a written reply in the Rajya Sabha on Friday, adding that the rollout timeline would depend on the successful completion of these trials.
