Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Freight woes threaten fresh supply crunch in Manipur as transporters stay away
Transport operators are avoiding Manipur due to high costs and long travel times. Essential goods face shortages as highway conditions worsen significantly. Freight charges have increased substantially, impacting commodity prices. Retail prices for onions, potatoes, and edible oil have risen sharply. Further disruptions risk shortages, especially during the monsoon season.
Cabinet approves two highway projects for Rs 14,115 crore
The government has greenlit two major highway projects totaling Rs 14,115 crore. A 117.7 km access-controlled highway in Uttar Pradesh, designed for future expansion, will slash travel time between Kanpur and Kabrai by 58%. Additionally, an 8.1 km six-lane road tunnel in Delhi will significantly improve connectivity between West and South Delhi, minimizing disruption to the Southern Ridge Forest. These initiatives aim to boost infrastructure and facilitate efficient traffic flow.
Union Cabinet approves six-lane Dwarka tunnel, Kanpur-Kabrai highway worth Rs 14,115 crore
The Union Cabinet has greenlit two significant highway projects totaling over Rs 14,000 crore. A six-lane tunnel will soon connect Dwarka Expressway to South Delhi, easing congestion and boosting urban mobility. Additionally, a new greenfield highway will link Kanpur and Kabrai in Uttar Pradesh, promising faster travel and improved logistics for regional economic growth.
Manglam Group to invest Rs 350 crore in Sheraton hotel in Jaipur
Rajasthan's Manglam Group is investing Rs 350 crore to build a 220-key Sheraton Hotel on the Jaipur-Ajmer Highway, marking their third partnership with Marriott International. This project is part of a larger Rs 1,000 crore hospitality investment plan. The hotel aims to showcase Jaipur's culture and boost its global profile for tourism and business, leveraging its strategic location near key destinations and a major SEZ.
Centre approves Rs 1,359 crore four-laning of the Nagaur-Bikaner stretch of NH-62 in Rajasthan
The Centre has approved a Rs 1,359 crore project to four-lane the Nagaur-Bikaner stretch of National Highway-62 in Rajasthan. This development under the Build-Operate-Transfer model will significantly improve connectivity in western Rajasthan. The project is expected to boost economic activity, create new investment and employment opportunities, and accelerate industrial and tourism growth in the region.
Stock Alert: Highway Infra, Innovision, RailTel Corp, Cupid Breweries, Le Travenues Tech
Securities in F&O Ban:
Delhi-NCR to get highway projects worth Rs 34,000 cr: Gadkari
Delhi-NCR is set to receive a major transport upgrade. Over ₹34,000 crore will be invested in new highway projects. These include expressways, ring roads, tunnels, and elevated corridors. The government aims to create a modern and future-ready transport network. This initiative will boost connectivity, reduce fuel use, and promote economic growth in the region.
IRB Infra Trust offers to sell two BOT highway assets worth Rs 4,663 crore to IRB InvIT Fund
IRB Infrastructure Trust has offered two of its revenue-generating highway assets, valued at approximately Rs 4,663 crore, to IRB InvIT Fund. The non-binding offer includes the Solapur Yedeshi NH211 and Chittorgarh Gulabpura NH79 BOT Assets, totaling 1,144 Lane km. This move aims to fund future opportunities and enhance IRB InvIT Fund's asset portfolio.
Raajmarg Infra InvIT IPO to open March 11; anchor portion domestically
State-owned National Highways Authority of India-sponsored Raajmarg Infra Investment Trust (RIIT) on Monday said the anchor portion of its upcoming IPO will be allocated to only domestic investors. The anchor book will open for subscription on March 10. "We are in advanced discussions with anchor investors regarding the investment. The anchor portion will be allocated to domestic investors," NHAI Chairman Sathosh Kumar Yadav told reporters here ahead of its Rs 6,000-crore initial public offering. Of the issue size, over Rs 1,700 crore will be allocated to anchor investors. Raajmarg Infra Investment Trust's maiden public offering will open on March 11 and close on March 13. This will be the first time, NHAI is opening its asset monetisation programme to retail investors. The InvIT's IPO price has been fixed between Rs 99 and Rs 100 per unit. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public I
New rules classify highway project failures as catastrophic; to affect contractor ratings & future contracts
New rules define catastrophic failures in highway projects. These failures will impact contractor ratings and future contract awards. Incidents like bridge collapses or pavement failures requiring full replacement are now classified as catastrophic. Implementation agencies must report such events promptly. The National Highways Authority of India has awarded a major ring road project in Odisha to three concessionaires for development.
NHAI-backed Raajmarg Infra Investment Trust's IPO to open on Mar 11
State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) is gearing up to launch its Rs 6,000 crore Initial Public Offering (IPO). The InvIT's maiden public offering will open on March 11 and conclude on March 13, while the bidding for anchor investors will take place on March 10, according to a public announcement on Monday. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public InvIT aims to unlock the monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors. As per the Red Herring Prospectus (RHP), Raajmarg Infra Investment Trust's IPO issue size aggregates up to Rs 6,000 crore. This was an increase from Rs 5,700 crore planned at the time of filing draft papers in January. Earlier, NHAI had incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment mana