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The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Tuesday approved three Railway ministry projects with a total cost of approximately 9,072 crore. The three projects include the doubling of the Gondia-Jabalpur section and the laying of the third and fourth lines between Punarakh-Kiul and Gamharia-Chandil sections. The government said that these projects covering eight districts across Maharashtra, Madhya Pradesh, Bihar and Jharkhand will increase the existing network of the Indian Railways by about 307 km. "The proposed multi-tracking project will enhance connectivity to approximately 5,407 villages which have a population of about 98 lakhs," an official statement said. It added, "The increased line capacity will significantly enhance mobility, resulting in improved operational efficiency and service reliability for Indian Railways. These multi-tracking proposals are poised to streamline operations and alleviate congestion." The Railway ministry
IndiGrid Infrastructure Trust on Friday said it has raised Rs 1,500 crore through an Institutional Placement issue amid widespread investor participation from existing and new investors. The institutional placement issue, launched on January 19, was oversubscribed two times, a statement said. As many as 10 insurance companies and six mutual funds participated, with overall domestic institutional investors' and foreign institutional investors' contributions at 78 per cent and 12 per cent, respectively. This fundraiser follows IndiGrid's preferential issue of Rs 438 crore completed in November 2025. With the completion of this institutional placement, IndiGrid has raised a total of Rs 1,938 crore in equity capital during the fiscal year 2025-26, reflecting a calibrated, phased approach to capital raising. Post issuance, IndiGrid's net debt-to-AUM will be 57 per cent, providing a growth runway of up to Rs 45,000 crore in Assets Under Management (AUM) while remaining within the levera
The New Delhi Municipal Council on Saturday began a major upgrade of Khan Market with the laying of the foundation stone for the improvement of the market's Middle Lane, a long-pending demand of traders and visitors. Linking the project to the vision of Viksit Bharat-2047, NDMC Vice Chairman Kuljeet Chahal said the NDMC Budget 2026-27 places strong emphasis on redeveloping prominent markets, with Khan Market receiving "special and sustained attention". Under the vision of 'Developed India, Developed Delhi and Developed NDMC', a new beginning has been made at Khan Market with renewed energy in the new year, he said, adding that the market, once known for various issues and known for "Khan Market Gang", is now being developed in line with Prime Minister Narendra Modi's development model. Officials said the Middle/Back Lane project will include granite flooring and integrated service ducts for civil and electrical utilities. The work forms part of the upgradation and improvement of the