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Indian Railways on Saturday approved multiple infrastructure and safety projects, including the installation of the automatic train protection system, electronic interlocking, and construction of a road overbridge in various railway divisions across the country to enhance operational efficiency and passenger safety. The indigenously developed automatic train protection system, Kavach Version 4.0, has been approved for 607.7 route kilometres of the Lucknow Division of North Eastern Railway at a total cost of Rs 252 crore, a Railway Ministry press statement said. The approved project will extend Kavach 4.0 coverage across the identified balance sections of the division, strengthening the safety infrastructure available for train operations. Kavach helps prevent trains from overshooting red signals by automatically applying brakes when required and supports safer train movement by monitoring train operations. In another significant decision, the Railway Ministry granted its consent fo
Banks face imminent credit exposure limits for infrastructure developers amid the growing need for infrastructure investment, making it necessary to explore alternative financing structures and recycle bank capital, NaBFID Deputy Managing Director Monika Kalia said on Thursday. "Looking at the need for infrastructure investment in the country, the kind of capital the banks will have, we will soon run out of the exposure limits on the developers," Kalia said during the panel discussion at NaBFID's Infrastructure Conclave 2026. She said market participants need to explore structures that can help sustain infrastructure financing without requiring banks to raise capital to an exponential level. Kalia said seasoned assets that have demonstrated stable cash flows should move out of the banking system to other investors, including through securitisation. "But seasoned assets, which have shown the stability of the cash flows, need to go out of the banking system to the other participants,
Tata Realty & Infrastructure Ltd (TRIL) on Friday said it has appointed Gaurav Jain as its new MD and CEO with effect from October 1st. TRIL, a wholly-owned subsidiary of Tata Sons Private Ltd, is one of the leading real estate developers in the country. Jain will succeed Sanjay Dutt, who became TRIL's MD and CEO in April 2018. Jain, who has more than 23 years of experience in the real estate sector, has worked at Birla Estates, Godrej Properties, Mahindra Lifespace Developers Ltd, and Unitech Group. Jain, as Managing Director (MD) and Chief Executive Officer (CEO) will lead TRIL through its next phase of growth, building on its strong presence across pan-India. His focus will be on strengthening the company's capabilities and advancing its vision for high-quality, sustainable and future-ready urban development, the statement said. Praveer Sinha, Chairman of TRIL, said Jain has strong real estate expertise across residential and commercial segments, along with a proven track ...