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EIB approves Rs 2693 crore funding for Bengaluru Suburban Rail project
Infrastructure - May 16,2024
The European Investment Bank approves a Rs 2,693 crore loan for the Bengaluru Suburban Rail Project, joining funding from Karnataka and Central governments. The project encompasses four corridors tota .

Radisson Hotel Group unveils Mandrem Beach Resort in Goa
Hospitality and Healthcare - May 16,2024
Radisson Hotel Group launches Mandrem Beach Resort in Goa under Radisson Individuals Retreats, featuring beachfront and riverfront accommodations. The resort offers luxury suites with private plunge p .

Nayara announces foray into ethanol production with investment of Rs 600 crore
Petroleum - May 15,2024
Nayara Energy Ltd is investing ₹600 crore to build two ethanol plants in Andhra Pradesh and Madhya Pradesh, each with a 200 kilolitre per day capacity, supporting the government's 2025 ethanol- .

Biorad Medisys receives Rs 400 crore from KSS India Fund II
Manufacturing - May 15,2024
Biorad Medisys received a Rs 400-crore investment from Kotak Strategic Situations India Fund II to build a new manufacturing plant, repay debt, and increase working capital. The company, known for med .

Electrosteel Castings to establish plant in Odisha
Metallurgical Industries - May 15,2024
Electrosteel Castings, a leading ductile iron pipes producer, plans a new DI pipe and fittings plant in Odisha, signaling expansion and diversification. The board approved the project, aiming for a ca .

IKEA partners with Rhenus to set up warehouse in Delhi-NCR near Gurugram
Manufacturing - May 15,2024
IKEA partners with Rhenus to build a 1.5 lakh sq ft warehousing facility near Gurugram for home delivery in Delhi-NCR. Scheduled to start operations early next year, the site offers strategic logistic .

Phoenix Mills to build hotels in Bengaluru, Mumbai
Hospitality and Healthcare - May 15,2024
Phoenix Mills, a Mumbai-based property developer, plans hotel expansions, including a 400-key premium hotel in Bengaluru's Marketcity, managed by Hyatt under the Grand Hyatt brand. They also acqu .

Praveg secures 30-year land lease in Jawai, Rajasthan
Hospitality and Healthcare - May 15,2024
Praveg Limited, a premier eco-responsible luxury resorts company, announces a new land lease for Cave Resort in Jawai, Rajasthan. Exploiting Jawai's scenic beauty, the resort will feature luxury .