Ministers Visit Mumbai-Ahmedabad Bullet Train Project: Major Milestones in Engineering and Finance Unveiled

Officials from Maldives visited the Mumbai-Ahmedabad bullet train construction site, inspecting a 7 km high-speed rail tunnel. Realty developer Purvankara secured redevelopment rights in South Mumbai, RBL Bank introduced a co-branded credit card with DMI Finance, and Icra assigned its first ESG rating to InCred Financial Services.

Ministers from the Maldives visited the construction site of the Mumbai-Ahmedabad bullet train project on Friday, as announced by engineering entity AFcons. The delegation inspected a segment that includes India's first high-speed rail tunnel, spanning 7 kilometers.

In real estate news, developer Purvankara has acquired redevelopment rights for a property in South Mumbai's Breach Candy area, with potential construction revenue estimated at over Rs 1.25 lakh per square foot. The property, Miami Apartments, spans over 2,000 square meters.

On the financial front, RBL Bank has partnered with DMI Finance to launch a co-branded credit card aimed at expanding credit card access across Indian cities. Meanwhile, rating agency Icra has assigned its inaugural ESG rating to InCred Financial Services through its subsidiary, Icra ESG Ratings.

(With inputs from agencies.)