Apr 05, 2023 ADIA to invest $500 million in Lenskart Lenskart has signed definitive documents for a $500 million investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The investment will be made via a purchase of both primary and secondary shares and will result in ADIA becoming one of the largest shareholders in Lenskart.
Apr 05, 2023 Tech Mahindra to invest up to Rs 700 crore over the next 2-3 years IT services major Tech Mahindra (TechM) would invest Rs 500-700 crore into the newly carved out products and platforms unit over the next 2-3 years. The company believes that the unit can become a $1-billion business in the same period.
Apr 05, 2023 50 km metro network to be added in Mumbai region this year As much as 50 km of metro network will be added in the Mumbai Metropolitan Region (MMR) in 2023-24. Some of the projects included are; Mumbai Metro line 10 (Gaimukh to Shivaji Chowk, Mira road with a total length of 9.2 km and estimated cost of Rs 4,476 crore.
Apr 05, 2023 Mumbai Metro network to reach Ulhasnagar The Mumbai Metropolitan Region Development Authority (MMRDA) has decided to extend Metro line-5 to Ulhasnagar via Khadakpada, reports MumbaiLive. This metro network is currently proposed between Thane-Bhiwandi-Kalyan.
Apr 05, 2023 41 additional escalators to be installed in 22 Chennai metro Twenty-two metro stations will get 41 new escalators giving commuters easy and quick access to the stations and seamless switch between corridors. CMRL has identified 22 metro stations to install the new escalators in addition to the existing ones.
Apr 05, 2023 India targets adding 18 GW of pumped hydro storage power The Union Ministry of Power has come out with draft guidelines on pumped hydro storage projects, announced in the recent Union Budget, with a view to generate over 18 gigawatt (GW) of electricity to bring stability to grids and meet the peaking power demand by 2032.
Apr 05, 2023 Andhra Pradesh to install 18 lakh smart meters on farm motors The Andhra Pradesh government will install as many as 18 lakh smart meters on farm electric motors within a year, including spending ?4,000 core to procure allied material. The state will follow the guidelines issued by the Central Government and Central Electricity Authority (CEA).
Apr 05, 2023 HDFC invests Rs 1,450 crore in Kalpataru's projects In one of the largest investment deals in the residential sector, HDFC Capital invested Rs 1,450 crore in realty developer Kalpataru’s portfolio of projects and land parcels. Kalpataru will utilise the proceeds for the development of residential apartments across new mid-income projects.
Apr 05, 2023 Ladakh’s renewable energy to get a boost with new transmission project A transmission line project to evacuate 13,000 MW of renewable energy with a central government support of Rs 8,300 crore and a total project cost of Rs 20,700 crore gives a push to the union territory’s green energy projects and development