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No Retaining Walls in High-Risk River Zones, Nagpur Homes

Representative image created by AI NAGPUR: The rapid urban development near the Nag, Pili, and Pora rivers in north, east, and south Nagpur has put numerous new settlements at risk of flooding due to a lack of retaining walls. In response, the Nagpur Municipal Corporation (NMC) has proposed a ₹57 crore funding request to the state government for flood mitigation efforts, aiming to construct retaining walls in these vulnerable areas, as confirmed by NMC’s chief engineer, Manoj Talewar. Although the state government has approved the NMC proposal “in principle,” the funds have yet to be released. The proposal identifies critical…

Indian Real Estate Secures ₹400B from IPOs Since 2021: Colliers

NEW DELHI: Since 2021, India’s real estate sector has raised nearly ₹400 billion through IPOs, with ₹76 billion raised from seven IPOs in 2025 alone, according to a report from Colliers India. Concurrently, bank credit to the sector has more than doubled, rising from ₹17.8 lakh crore in FY21 to ₹35.4 lakh crore in FY25, indicative of growing institutional confidence and improved financial health of developers. Total bank credit in India surged from ₹109.5 lakh crore in FY21 to ₹182.4 lakh crore in FY25, with real estate now representing nearly 20% of this total. Notably, the asset quality in this…

CCI Approves Vedanta’s Bid for Jaiprakash Associates

NEW DELHI: The Competition Commission of India (CCI) announced on Tuesday that it has granted in-principle approval for mining giant Vedanta’s proposal to acquire the financially troubled Jaiprakash Associates, contingent upon winning the ongoing insolvency auction. Besides Vedanta, the CCI has also approved acquisition proposals from Jindal Power, PNC Infratech, Adani Group, and Dalmia Bharat for Jaiprakash Associates. “The proposed transaction involves the acquisition of Jaiprakash Associates Ltd (JAL) by Vedanta Ltd (the acquirer) as part of a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016,” stated the regulator in an official release. The CCI confirmed…