Govt to inject ₹30,000 crore into sovereign fund NIIF

The Union government is planning a major ₹30,000 crore equity infusion into the National Investment and Infrastructure Fund (NIIF) to boost infrastructure spending. The announcement is likely in the upcoming budget.

Thiruvananthapuram Outer Ring Road Awaits Final Approval

Thiruvananthapuram's long-delayed 80km Outer Ring Road project linking Vizhinjam to Navaikulam is set for final central approval by Jan 15, 2025. The project, crucial for port connectivity, aims to start construction by mid-2026 after land acquisition.

Nationwide Bank Strike Looming in January

Bank employees across India demand a 5-day work week, planning sit-ins and a nationwide strike in January 2025 if the government fails to act. Read the full story.

Gujarat Relaxes Prohibition Norms in GIFT City

Gujarat govt eases liquor rules in GIFT City, allowing non-resident visitors to drink with just a photo ID. New norms boost hospitality and aim to attract global talent for CWG 2030 and Olympics 2036 ambitions.

Saks Considers Bankruptcy Ahead of $100M Payment

Saks Global Enterprises is exploring Chapter 11 bankruptcy as a last resort before a crucial $100 million debt payment due Dec 30. The luxury retailer's turnaround plan has faltered. Read more.

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