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Top business news of the week: April 21st to 30th

by Gurpreet Singh | May 3, 2025 | Weekly Newsletter

NTT DATA plans to set AI data center cluster in Hyderabad   Information technology firm NTT DATA  has signed a tripartite Memorandum of Understanding (MoU) with the Telangana government and Neysa Networks to establish an AI Data Center Cluster in Hyderabad. The...

Top business news of the week: April 1st to 10th

by Gurpreet Singh | Apr 18, 2025 | Weekly Newsletter

30,000 sq ft office space purchased by AccuSpace in Gurugram   Real estate developer AccuSpace has acquired 30,000 square feet of Grade A office space in Gurugram for Rs 62 crore. The space is purchased from a Singapore-based fund and is aimed at growing their...

Top business news of the week: March 21st to 31st

by Gurpreet Singh | Apr 18, 2025 | Weekly Newsletter

Hero MotoCorp to invest Rs 525 crore in Euler Motors, marking its entry in the electric 3-wheeler segment   Multinational automobile maker Hero MotoCorp is going to invest Rs 525 crore in Euler Motors Private Limited, marking its entry into the electric...

Top business news of the week: March 11th to 20th

by Gurpreet Singh | Apr 18, 2025 | Weekly Newsletter

DLF to develop 75 lakh sq ft retail and office space in Gurugram   Real estate major DLF has plans to invest around Rs 6,000 crore to construct 75 lakh square feet of prime office and retail spaces in Gurugram. This comes as the firm aims to meet demand for...

Top business news of the week: February 21st to 28th

by Gurpreet Singh | Apr 18, 2025 | Weekly Newsletter

UP Budget 2025: State to develop science parks and planetariums   The state budget of Uttar Pradesh was tabled yesterday for the year 2025. State’s Finance Minister Suresh Khanna in his budget speech, outlined plans to establish 4 new science parks and 2...
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Recent News

  • Swastika Infra bags order worth over Rs 600 crore
    Jaipur-based power sector firm Swastika Infra Limited has bagged a new order worth Rs 615.76 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The scope of the work involves developing new substations, HT/LT lines, and distribution transformers; augmenting existing infrastructure; underground cabling; renovation works; GIS mapping; asset tagging; and other allied works at Bhandup Zone.

    According to the firm, it has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop distribution infrastructure and carry out system-strengthening works. The period for completion of work is 2 years (24 months).
  • SEPC signs agreement with SAIL for project worth over Rs 854 crore
    EPC firm SEPC Limited has signed a contract with the government-owned Steel Authority of India (SAIL) for a pellet plant package at its IISCO Steel Plant in Burnpur, West Bengal. The project, worth Rs 854.57 crore, is part of the capacity expansion programme to reach 4.08 million tonnes per annum (MTPA)

    The project will be executed on a divisible turnkey basis and involves the balance of plant (BOP) and civil and structural works. The work is to be executed within 32 months from the contract’s effective date of September 3, 2026.
  • Assam CM inaugurates Allemby Ceramic's tile manufacturing facility in Jamugurihat
    Chief Minister of Assam, Dr. Himanta Biswa, inaugurated Allemby Ceramics Pvt Ltd's tile manufacturing plant in Jamugurihat in Assam’s Sonitpur district. The facility is the Northeast's first glazed vitrified tile manufacturing plant and will be developed with an investment of around Rs 250 crore.

    Spread over 100 bighas of land, the plant will have an expected installed production capacity of approximately 6.40 million square metres of ceramic tiles per annum.  Allemby Ceramics Pvt Ltd is a joint venture between the Northeast-based Lohia Group and the Gujarat-based ceramic brand Varmora Group (or Vermora Group).
  • Dugarajapatnam shipbuilding centre: Andhra Pradesh Chief Minister seeks support from the centre
    Chief Minister of Andhra Pradesh N Chandrababu Naidu has sought the central government's support for setting up a terminal at Mulapeta Port and establishing a shipbuilding centre at Dugarajapatnam. The CM discussed the projects during his meeting with Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal.

    The broader plan is to expand maritime-based economic activities in the southern state with a focus on sectors such as shipbuilding, ship repair and marine engineering in conjunction with the existing and proposed ports.
  • 3.22 lakh sq ft of office space leased by WNS Global in Thane
    Mumbai-based business process management firm WNS Global Services Private Limited has leased 3.22 lakh sq ft of office space in Thane. The space is leased across the third to seventh floors of Hiranandani Centaurus in Thane for a period of 5 and 15 years, respectively. The space is leased from Roma Builders Private Limited for a total rental outlay of Rs 619.37 crore over the lease period.