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Green nod norm set to ease for Adani's Kalyan cement unit

Financial Express Mumbai

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October 06, 2025

THE UNION MINISTRY of environment, forest and climate change has proposed to exempt “standalone cement grinding unit without captive power plant” from the requirement of prior environmental clearance, as per its draft notification issued on September 26.

- ALOK DESHPANDE

If approved, this will likely make it easier for the Adani Group to go ahead with its proposed ₹1,400-crore 6-MMTPA (million metric tonne per annum) cement grinding plant in Kalyan, a city which is part of the Mumbai Metropolitan Region.The plant, which belongs to Ambuja Cement, an Adani Group company, has been facing stiff resistance from locals in Mohone village and 10 other villages near Kalyan, as first reported on September 15.

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Financial Express Mumbai

Retail leasing up 45% in Q3 on strong demand

FASHION, FOOD AND entertainment retailers led demand for retail space in the July-September quarter in the top eight cities, a new report by Cushman & Wakefield released on Wednesday said, as demand remained strong owing to the festive season.

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1 min

October 09, 2025

Financial Express Mumbai

Outbound FDI moderates to $4.41 billion in September

INDIA'S OUTWARD FOREIGN direct investment eased slightly to $4.41 billion in September, down from § 4.81 billion in the same month last year, according to Reserve Bank of India data.

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1 min

October 09, 2025

Financial Express Mumbai

PFRDA to launch schemes for gig workers, MSMEs

THE PENSION FUND Regulatoryand Development Authority(PFRDA)is looking to launch more schemes targeting four verticals including gig workers, micro, small, medium enterprises (MSMEs), Farmer Producer Organisations (FPO) and self help groups (SHGs), said PFRDA Chairman S Ramannat Global Fintech Fest 2025 on Wednesday.

time to read

1 min

October 09, 2025

Financial Express Mumbai

LG IPO subscribed 3.32x on Day 2

THE INITIAL PUBLIC offering (IPO) of LG Electronics India received 3.32 times subscription on the second day of bidding on Wednesday.

time to read

1 min

October 09, 2025

Financial Express Mumbai

Bollywood is back in Britain: Starmer

MAKING A VISIT to Yash Raj Films (YRF) in Mumbai, British Prime Minister Keir Starmer Wednesday announced that the leading Indian film production and distribution company will bring three of its major productions to locations across the United Kingdom from early 2026, creating over 3,000 jobs and boosting the economy by millions of pounds.

time to read

1 mins

October 09, 2025

Financial Express Mumbai

Navi Mumbai realty prices soar

PLOT RATES IN Panvel on an average touched %80,000-85,000 per square yard, reflecting a steep 93% increase, compared with 58% growth in other parts of Navi Mumbai, where the prices are higher at 1,10,000-1,30,000.

time to read

2 mins

October 09, 2025

Financial Express Mumbai

India’s solar capacity hits 125 GW, 3rd largest globally: Joshi

INDIA'S SOLAR POWER generation capacity has reached 125 gigawatts (GW), making it the world’s third-largest solar energy producer, Union minister for new and renewable energy Pralhad Joshi said on Wednesday.

time to read

1 min

October 09, 2025

Financial Express Mumbai

Technology and reforms transforming mkts: Sebi

GLOBALFINTECH FEST 2025 (GFF) is a valuable platform to innovators, policy makers and industry leaders to exchange ideas, said Securities and Exchange Board of India (Sebi) chief Tuhin Kanta Pandey, emphasising on the quantum readiness of its regulated ecosystem.

time to read

1 mins

October 09, 2025

Financial Express Mumbai

UK's Revolut makes India debut with a slew of prepaid products

FOUR YEARS AFTER setting up shop in India, UK-based fintech giant Revolut is finally making its domestic debut with a lineup of prepaid products that mark its entry into a key financial service market globally —one that it hopes would bring in another 20 million users.

time to read

1 min

October 09, 2025

Financial Express Mumbai

Stock lending & borrowing mechanism under review

THE SECURITIES & Exchange Board of India (Sebi) is looking toreform the structure of stock lending and borrowing mechanism (SLBM) in India as the segment has not been able to attract participants.

time to read

1 min

October 09, 2025

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