Union Government approves Extension for Kochi Smart City Project

07 Jun 2023 CW Team

The Kochi Smart City project has received approval from the Union government for an extension until June 2024. This decision has been hailed as positive news because without the extension, several initiatives initiated by the Cochin Smart Mission (CSML) would have been at risk.

Officials have stated that the additional time provided will allow the CSML to focus on implementing numerous on-going ideas. MP Hibi Eden played a significant role in advocating for the project's expansion by raising the issue with Rajiv Ranjan Singh, the chairman of the Parliament's urban affairs committee.

To date, the CSML has successfully completed 20 projects in the city. Furthermore, two projects are currently in the tendering process, and 30 projects are already in the execution phase. The extension from the central government is crucial for projects such as the Rs 720 million Ernakulam Market restoration and the Rajiv Awas Yojana (RAY) housing project, both of which have faced delays due to various reasons. Without the extension, these projects would have been severely hindered.

By extending the Smart City project until June 2024, the CSML now has the necessary breathing room to effectively continue its efforts. This extension ensures that important initiatives can precede uninterrupted, ultimately benefiting Kochi and its citizens.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..