Shapoorji Pallonji group’s Afcons Infrastructure plans to launch ₹1,500-cr IPO
Afcons, the infrastructure construction arm of the $7 billion Shapoorji Pallonji group, will finally launch its initial public offering this year with a size in the range of ₹1,000-1,500 crore, sources said. The IPO is mainly to gain visibility and propel growth and not so much due to need for capital.

Hero Realty enters Sonipat with plotted development project
Real estate major Hero Realty Pvt Ltd (HRPL) has entered Sonipat’s real estate market with its flagship premium plotted development brand ‘Hero Earth’ with a strategic tie-up with the Spiti Group from Gurugram. This new tie-up will be the second project under Hero Earth after the astounding success it received for ‘The Ark’ in Gurugram Sector 85 where all the premium plots were sold out in a single day.

Realty Hotspot: Sector 63 fast emerging as a new luxury real estate destination in Gurugram
In a notable development reshaping the real estate landscape, Sector 63, Golf Course Extension Road, Gurugram, is emerging as a prominent micro-market for both homebuyers and investors. Once a typical residential area, Sector 63 has transformed into a symbol of modern living in the NCR, witnessing a remarkable 77.3% surge in property rates over the last year.

Ahmedabad-based real-estate developer launches AIF to raise ₹300 cr
Ahmedabad: Shivalik Group, an Ahmedabad-based real-estate developer, has launched an Alternate Investment Fund (AIF) to raise ₹300 crore in fast developing regions of Ahmedabad and Gandhinagar districts.

Cement sales growth in Q3 subdued at 3-4%, say industry executives
Industry executives attributed the impact on demand to a host of factors, including floods in South India, construction bans in the National Capital Region, and fiscal challenges in the states of Bihar, Jharkhand, and West Bengal. Many added that while the last quarter was subdued, January showed signs of improvement.
 

I-T Dept issues final notice to Shree Cement over Rs 4,000 cr tax liability
Source Credit: Nandini Singh, Business Standard

New Delhi: The Income Tax (I-T) Department has issued a final notice to Shree Cement post-completion of the probe for tax liability of Rs 4,000 crore, reported CNBC-TV18, citing sources.
 

Vande Bharat Express trains sleeper coaches to hit tracks soon! Indian Railways likely to roll out 10 sets by March this year
The Indian Railways is set to introduce the inaugural fleet of 10 Vande Bharat sleeper class trains. According to media reports, the inaugural fleet of 10 Vande Bharat sleeper class trains is set to debut in March. The initial routes earmarked for these trains include the high-traffic corridors of Delhi-Mumbai and Delhi-Howrah, with trial runs anticipated to kick off in April.

Indian Railways phases out 23,000 conventional coaches, replaces them with advanced LHB coaches – Details Inside
In a transformative shift within the realm of railway travel, the conventional Integral Coach Factory (ICF) coaches are gradually making way for the advanced Linke Hofmann Busch (LHB) coaches. According to the statement issues by the Ministry of Railways, a total of 23,000 conventional coaches have been successfully replaced by their LHB counterparts since 2015. 

Indian Railways Enhancing Connectivity: Ashwini Vaishnaw shares glimpse of Puri-Sonepur weekly express train inauguration
In a momentous occasion for the residents of Sonepur District, Odisha, a new chapter in connectivity was unveiled. Railway Minister Ashwini Vaishnaw shared a glimpse of the inauguration of Sonepur-Puri weekly express train on X, formerly known as Twitter. 

JSW apportions ₹6,000 crore for acquisitions in port sector
New Delhi: JSW Infrastructure Ltd, a private port operator, has earmarked approximately ₹6,000 crore for acquiring strategic assets, aiming to bolster its presence in an industry dominated by the Adani group. The firm is exploring the acquisition of a stake in a government-owned port slated for privatization, a move aimed at enhancing port connectivity, as senior executive of the company told Mint.