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Elan Group awards Rs 1,000 cr construction project of ‘The Mark’ to Leighton Asia

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Elan Group awards Rs 1,000 cr construction project of ‘The Mark’ to Leighton Asia


Gurugram-based Elan Group has engaged Leighton India, part of CIMIC Group, for the construction of its Elan The Mark project located in Sector 106, Dwarka Expressway. The group has issued a Letter of Intent (‘LoI’) of Rs 1,000 Crores for the project. Elan The Mark is a development of approx. 50-plus acres integrated township, with a blend of retail, commercial, residential and hospitality. It will bring together a high-end mall, high-street retail, A-Grade office spaces, a five-star hotel and branded residences.

The construction contract covers nearly 5.5 million sq.ft. area including current and future phases/developments. The development includes the involvement of Benoy (London, UK) and Meinhardt Façade Technology (Singapore) as the designing agencies; SWA (California, USA) as its architecture; LERA (New York, USA) for the project’s structural design; and Thornton Tomasetti (New York, USA) for global engineering expertise, among others. 

Leighton Asia has also been awarded Civil, Structure and MEP contracts by ‘Elan Group’ for its ongoing projects , which include ‘Elan The Presidential’, ‘Elan The Imperial’, ‘Elan The Emperor’ and now ‘Elan The Mark’. 

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Rakesh Kapoor, Chairman, Elan Group, said, “‘Elan The Mark’ will usher in a transformative new era of ultra-luxury in India. Our continued partnership with ‘Leighton Asia’ further reinforces Elan Group’s commitment to collaborating with the finest global expertise, ensuring excellence, precision and distinction at every stage of delivery.”

Brad Davey, Managing Director, Leighton Asia, said, “With over two decades of deep-rooted experience in India, ‘Leighton Asia’ is committed to setting new benchmarks in quality, sustainability, and excellence across large-scale residential, commercial and mixed-use developments.”

 

‘Elan Group’s portfolio consists of 15 projects comprised of residential, retail, commercial, mixed-use and hospitality. These projects spread across Gurugram and New Delhi, offering a built-up area of approximately 25 million sq. ft.



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Govt proposes cutting power tariffs, raising fixed charges – SUCH TV

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Govt proposes cutting power tariffs, raising fixed charges – SUCH TV



The government has proposed a downward revision of up to Rs1.53 per unit in the base electricity tariff for some domestic power consumers, while recommending higher fixed monthly charges for certain protected and unprotected households, according to a motion filed with the National Electric Power Regulatory Authority (Nepra).

The move aims to rationalise tariffs for the calendar year 2026, balancing affordability for low-usage consumers with recovery of costs from higher users.

Under the proposal, protected consumers using 51–200 units would face fixed charges of Rs200–300 per month, while unprotected consumers consuming up to 600 units could see up to 100% increases in fixed charges, with monthly rates rising from Rs200 to Rs675 depending on consumption.

Conversely, households consuming 601–700 units and above 700 units would see fixed charges reduced from Rs800–1000 to Rs675 per month.

The government also proposed reductions in base tariffs for higher-usage unprotected consumers.

For 301–400 units consumption, a drop of Rs1.53 per unit to Rs36.46 is proposed; for 401–500 units, Rs1.27 to Rs38.95 and for 501–600 units, a cut of Rs1.40 to Rs40.22 has been suggested.

Similarly, for 601–700 units, Rs0.91 per unit cut to Rs41.85; and above 700 units, Rs0.49 to Rs47.20 per unit has been proposed.

Lower-usage unprotected consumers (1–300 units) and lifeline protected consumers would see tariffs largely unchanged, ranging from Rs3.95 to Rs33.10 per unit depending on usage.

Nepra will hold a public hearing on February 10, 2026, allowing stakeholders and consumers to comment on the proposed tariff adjustments.

Energy analysts say the plan reflects the government’s attempt to shield low-usage households from rising electricity costs while passing higher fixed charges to moderate and high-usage consumers, a move likely to impact urban households more significantly.

The proposal underscores ongoing challenges in Pakistan’s power sector, as policymakers try to balance affordability, cost recovery, and financial sustainability for utilities.

Hike in Feb electricity bills

Meanwhile, electricity consumers, including those of K-Electric, will face an additional Re0.284 per unit in their February bills following a fuel charges adjustment for December 2025.

The hike, announced by the Nepra, comes as electricity costs rose last December while consumers were billed at lower rates.

The increase applies to all consumer categories except lifeline users, pre-paid electricity customers, and electric vehicle charging stations, and will also impact Incremental Consumption Package users.

Nepra clarified that bills issued before the notification will incorporate the adjustment in subsequent cycles, and the change will be itemised separately on bills.

The adjustment underscores ongoing challenges in Pakistan’s power sector, as fuel price volatility continues to influence electricity tariffs and billing for both urban and rural consumers.



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NSE board approves IPO via OFS route – The Times of India

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NSE board approves IPO via OFS route – The Times of India


Mumbai: The board of the National Stock Exchange (NSE), the biggest stock exchange in India in terms of turnover and number of trades, on Friday gave its nod for the exchange to go for its long-awaited public offering. The NSE IPO will be an offer-for-sale. Currently, LIC, with a 10% stake in the bourse, is the largest shareholder, followed by the SBI group that holds 7.6% in the exchange. The exchange also set up a five-member panel consisting of its board members that will facilitate the IPO process. The members are Tablesh Pandey, Srinivas Injeti, Mamata Biswal, Abhilasha Kumari, G Sivakumar and Ashishkumar Chauhan.



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Hundreds of Google workers demand firm cuts ties with ICE

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Hundreds of Google workers demand firm cuts ties with ICE



More than 900 Google employees signed a letter opposing company links to federal immigration actions.



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