office space bengaluru
German transnational company, Continental Automotive, has bought 8.5 lakh sq. ft office space in Bangalore for around ₹850 crore. The office property in Electronic City, owned by Sattva Group, is spread over 5.5 acres and can seat around 6,000 employees.

Continental has made foreign direct investments consistently over the past 10 years in India, particularly Karnataka. Additionally, in July, the German firm had signed a memorandum of understanding (MoU) with the government of Karnataka for planned foreign direct investments of around ₹1,000 crore in the state.

The proposed investment is toward furthering the growth of its in-house research & development organization, Technical Center India (TCI), which is expected to employ about 6,000 people.

This will boost innovation around automotive software development, connected technologies, and autonomous mobility for the global automotive industry. It will also provide a fillip to the growing automotive R&D ecosystem in Bengaluru.
Railways plans to expand network to Northeast frontier state, invests ₹1.2-lakh-cr
The Indian Railways is planning to expand its railway network to Arunachal Pradesh's Tawang and other parts of the Northeast frontier state, with an investment of ₹1.20 lakh crore, to aid India's security strategy towards the Line of Actual Control

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NHAI speeds up work on ₹10,000-cr Kanpur Outer Ring Road project
The National Highways Authority of India (NHAI) is making good progress on the Kanpur Outer Ring Road project, a major infrastructure undertaking that will require a ₹10,000 crore investment. The project is being implemented in four stages, and Raj

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Transport minister lays foundation stones for 9 projects in Jharkhand
Union Transport Minister Nitin Gadkari laid foundation stones for nine projects and dedicated several road projects in Jharkhand. Among the projects he initiated, the Kalimandir-Dimna road to Baliguma double-decker elevated road, the reconstruction

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NPG recommends six infrastructure projects under PM Gati Shakti
PM Gati Shakti's Network Planning Group (NPG) has recommended six infrastructure projects for seamless movement of goods and passengers and increasing logistics efficiency across the country. Three projects from the Ministry of Railways, two from

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Union Transport Ministry approves ₹6,612-cr for Telangana road infra projects
The Union Transport Ministry has approved ₹6,612.44 crore for the construction of roads and bridges in Telangana. The funding includes ₹535.09 crore for widening the 25-km stretch of NH-65 from LB Nagar to Malkapur into six lanes and ₹500 crore

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NHAI begins groundwork for ₹4,000-cr Angamaly-Kundannoor NH project
The National Highways Authority of India (NHAI) has initiated groundwork for the Angamaly-Kundannoor greenfield national highway project with an investment of ₹4,000 crore, according to official sources. Land acquisition is set to start soon

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Casagrand invests ₹8,000-cr in commercial real estate sector
Casagrand, a leading real estate developer, has expanded its presence into the commercial real estate sector through its subsidiary, Casagrand Commercial. The company has announced plans to invest ₹8,000 crore in commercial projects and aims to

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Merlin Group in JV unveils ₹1,500-cr WTC in Kolkata
The World Trade Centre Association has inked a deal with Merlin Group to develop a 3.5 million square foot World Trade Centre in Kolkata, West Bengal, with an investment of ₹1,500 crore. The centre aims to attract business with offshore countries

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DP World establishes it’s first “Rail Linked Container Freight Station” in Gujarat
DP World, a global provider of smart end-to-end supply chain logistics, has launched a new Rail Linked Container Freight Station (CFS) in Hazira, Gujarat. The state-of-the-art facility, located near port of Hazira, is expected to enhance the region's

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Transport infra gets ₹9,000-cr Budget booster in Delhi
The Delhi government has announced an allocation of over ₹9,000 crore in its budget proposals for the transport sector to ensure last-mile connectivity and develop three ISBTs with airport-like facilities. Finance Minister Kailash Gahlot, who also holds

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India aims to become global hub of green ship building by 2030
India's Shipping Minister Sarbananda Sonowal has announced that the country aims to become the global hub for Green Ship Building by 2030. The government has set a target for the initial Green Tugs to begin operating in all Major Ports by 2025. These

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TTIPL-RVNL emerges as L1 bidder for ₹1,272-cr road contract
The National Highway Authority of India has awarded a project worth ₹1,272 crore to the TTIPL-RVNL consortium, which emerged as the lowest bidder (L1). The consortium comprises TTIPL with a 51 percent stake and RVNL with the remaining 49 percent

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TN govt targets ₹9,000-cr for Coimbatore metro rail project
The Tamil Nadu government has taken a step towards the development of the metro rail project in Coimbatore by announcing the allocation of ₹9,000 crore to ensure a smooth flow of funds for the project. Palanivel Thiaga Rajan, the state's finance minister

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NHAI to monetize 1,987 km of highways through toll-operate-transfer and InvIT modes in FY24
The National Highway Authority of India (NHAI) plans to monetize 1,987 km of highways in 2023-24 through toll operate transfer and infrastructure investment trust (InvIT) modes. The NHAI has identified 30 National Highway sections as part of its plan

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India-Japan inks 300-bn yen bullet train pact
During his recent visit to India, Japanese Prime Minister Fumio Kishida signed a loan agreement worth 300 billion yen (around ₹18,000 crore) with India for the fourth tranche of a Japanese loan to help build the Mumbai-Ahmedabad High Speed Rail Corridor

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Maharashtra plans two deep water ports in Konkan region
The Maharashtra government is exploring the development of two new deep water greenfield ports in the Konkan region, near the coastal towns of Vijaydurg and Ganeshgule in the Sindhudurg and Ratnagiri districts, respectively. These ports are intended

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Indian Railways to build world-class stations in Rajasthan with ₹9,532-cr investment
The Indian Railways has announced plans to construct multiple world-class railway stations in various areas including Abu Road, Ajmer, Alwar, Asalpur, Jobner, Balotra, Bandikui, Chittorgarh and Dausa in Rajasthan. This ambitious project involves a

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RVNL wins ₹1,088-cr contract of HORC Project
Rail Vikas Nigam Ltd. has won the bid to construct Package C-4 of Haryana's Orbital Rail Corridor project. The 4.7 km tunnel section will be part of Haryana's first semi-high-speed rail line, spanning from chainage km 24.880 to km 29.580 near Roz-Ka-Meo

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Construction begins on stormwater drainage project in Patna to prevent floods
Construction begins on a new stormwater outfall facility in Patna and neighbouring areas to combat flooding and waterlogging. The project aims to construct 103 drain lines, divided into nine packages, covering a total of 185-km-long drainage

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Odisha Govt approves ₹223.98-cr for infra upgrade in heritage city
The Odisha Government has allocated ₹223.98 crore for the development of Puri under the ABADHA scheme, with the aim of transforming it into a "World Class Heritage City." The state minister for works, Prafulla Kumar Mallik, stated that the funds would

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