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Bhutani Group gets NCLT approval to take over Noida's Entertainment City
NCLT has cleared the Bhutani Group's acquisition of Entertainment City, which includes The Great India Place and Worlds of Wonder. The group plans a Rs 10,000 crore investment to transform the Noida site into a major entertainment hub. This NCLT order resolves a long-standing dispute, allowing Bhutani Infra to proceed with developing the 147-acre project, which also features vacant land for future expansion.
CBSE plans to ease norms for private school affiliation
The CBSE is set to ease rules for private schools, allowing 'bodies corporate' like companies to establish institutions, moving away from the current 'not-for-profit' restrictions. This aims to boost private sector participation and quality school development. Recent changes also include withdrawing the mandatory No Objection Certificate from states and revising land and playground norms to be more practical, aligning with NEP 2020.
Amazon Data Services, L&T ink over 17-year lease for 4-acre land in Mumbai’s Powai
Amazon Data Services India has significantly expanded its data centre footprint in Mumbai's Powai, leasing an additional four acres from Larsen & Toubro for over Rs 650 crore. This latest deal brings their total leased land in the area to 13.5 acres since 2022. The move signals Amazon's commitment to bolstering its infrastructure amid surging demand for cloud services and AI applications in India's prime data centre market.
Allahabad HC dismisses writ petition challenging Great Value Realty project in Noida
The Allahabad High Court has cleared the path for Great Value Realty's ultra-luxury Ekanam project in Noida, dismissing a challenge against additional floor area ratio (FAR). The ruling allows the developer to proceed with the 4-acre, Rs 3,000 crore development, which includes 280 residences. The court found the land was always designated for future expansion and that a majority of homebuyers supported the plan, with the Noida Authority acting transparently.
Tata Motors PV shares in focus as Iran-US conflict impacts JLR volumes in Q1. What's ahead?
Tata Motors' luxury arm, Jaguar Land Rover, saw a significant 15.3% drop in retail sales for Q1 FY27. Disruptions from the Middle East conflict, a supplier fire, and phasing out older Jaguar models impacted volumes. Despite these challenges, the strong performance of Range Rover models offers a glimmer of hope for JLR's turnaround.
Digital Edge (India) buys 30 acres in Palava for Rs 1,000 cr, plans 270MW data centre
Digital Edge, backed by NIIF, has secured over 30 acres near Mumbai for a massive 270 MW hyperscale data centre campus, marking a significant land deal in the region. This expansion underscores India's booming demand for cloud and AI infrastructure.
Jaguar Land Rover sales fall 15% amid supply crunch, Middle East unrest
Jaguar Land Rover's first-quarter sales dipped 15.3% due to supply issues and weaker demand. A supplier fire and disruptions from the Middle East conflict impacted volumes. The company is shifting focus to the US market, aiming to offset challenges in China's competitive landscape. JLR plans significant cost reductions to bolster its financial recovery.
Tata Motors PV Q1 update: Sales jump 46%; JLR volumes hit by supply disruptions and Middle East conflict
Tata Motors reported a 46% rise in passenger vehicle sales for the June quarter, driven by strong demand and record EV sales. However, Jaguar Land Rover posted lower volumes due to supply disruptions, geopolitical challenges and the planned Jaguar model transition.
Karnataka pitches coach depot for Vijayapura to boost rail connectivity
Karnataka Industries Minister MB Patil has proposed a coach depot and an additional entry/exit gate for Vijayapura railway station to enhance rail connectivity. Discussions were held with Union Minister V Somanna, and letters sent to Union Railway Minister Ashwini Vaishnaw. The former goods shed land is earmarked for the depot, aiming to create a maintenance hub and boost train operations for North Karnataka, including the upcoming Bengaluru-Vijayapura Vande Bharat Express.
EPACK Durable gets Andhra Pradesh nod for Rs 1,084 crore investment under Electronics Manufacturing Policy 4.0
EPACK Durable and its subsidiary will invest over Rs 1,000 crore in Andhra Pradesh to boost manufacturing of air conditioners, washing machines, and other appliances. The state government has approved a special incentive package, including land allotment and capital subsidies, to support this expansion. This move is expected to create approximately 1,600 jobs and significantly enhance the company's production capabilities.
Noida authority auctions land parcels to Godrej Properties, VRC construction
Noida Authority has successfully auctioned two prime land parcels in Sector 151 for residential projects, fetching a total of Rs 666 crore from Godrej Properties and VRC Construction. This development, coupled with the upcoming Noida International Airport and robust infrastructure, is fueling significant growth in the region. Experts predict substantial increases in property values over the next two years, underscoring Noida's burgeoning real estate market.
Slumdogs no more: Can tycoons take the Mumbai Model to other cities?
India's top business tycoons like Adani and Ambani are shifting focus from city outskirts to redeveloping Mumbai's older housing and slum areas. This strategic move, driven by scarce and expensive greenfield land, aims to transform decaying urban pockets. Major projects are underway, signaling a new era of large-scale urban regeneration that could serve as a model for cities nationwide.