Rail Vikas Nigam Ltd (RVNL), a public sector enterprise under the Ministry of Railways, has been awarded the lowest bid (L1) for a significant traction infrastructure project by Central Railways in Maharashtra. The project encompasses the design, supply, installation, testing, and commissioning of 220/132/55 KV traction substations, sectioning posts (SPs), and sub-sectioning posts (SSPs) within a 2×25 KV traction system (Scott Connected Transformer) for the Daund–Solapur sections of Central Railway. This initiative aims to facilitate the network in achieving a loading target of 3,000 MT under the EPC mode.
NBCC Ltd has entered into a Memorandum of Understanding with the Australian firm Goldfield Commercials PTY to collaborate on real estate and infrastructure projects across Australia. The agreement focuses on identifying, developing, and executing various projects, including real estate, housing, and infrastructure redevelopment. Both companies aim to strategically partner in mutual areas of interest such as project management and housing construction.
Imagicaa Next (INPL), a wholly-owned subsidiary of Imagicaaworld Entertainment, has partnered with Dubai-based Hello Park to introduce India’s first immersive digital-physical playground experience. This collaboration will adopt an asset-light, in-city model and is expected to be implemented in malls and locations with high foot traffic throughout the country. The agreement provides INPL with exclusive rights to introduce Hello Park in India, which is designed to enhance family entertainment and experiential learning.
IRB InvIT Fund (Public InvIT) has successfully finalized the acquisition of three highway assets valued at ₹8,436 crore from IRB Infrastructure Trust. The acquisition received substantial backing from notable global and domestic investors, who contributed approximately ₹4,250 crore to the IRB InvIT Fund, according to IRB Infrastructure Private Ltd.
Adani Group’s Kutch Copper Ltd has signed a memorandum of understanding with Australia’s Caravel Minerals Ltd for collaboration on the Caravel Copper Project located in the Yigarn Terrane region of Western Australia. This non-binding MoU outlines a framework for potential investment cooperation, including a life-of-mine offtake agreement that could cover nearly 100% of the projected annual output of copper concentrate, estimated to be between 62,000 and 71,000 tonnes during the initial years.
Paytm recently launched Paytm Checkin, an AI-enabled travel booking application designed to assist users in planning their trips. Features of the app include destination recommendations, personalized itineraries, and management of various bookings across flights, trains, buses, and metro services.
Poly Medicure B.V., based in Amsterdam and a wholly-owned subsidiary of Poly Medicure, has completed the acquisition of Medistream SA, a Swiss corporation and holding company for the Citieffe Group, which specializes in orthopedics, particularly in trauma and extremities. This acquisition positions Poly Medicure to enter the global orthopedics market.
SEAMEC Ltd has reached a resolution with Jumbo Offshore Ltd regarding the vessel “Tug Maria.” Both parties have signed consent terms allowing SEAMEC to represent Jumbo Offshore in the Gujarat High Court concerning the vessel’s arrest, through a Power of Attorney granted by Jumbo. Furthermore, the arbitration proceedings initiated by Jumbo will remain on hold pending the resolution of this related court matter.
Published on November 7, 2025.
