Business

UP Government to Establish Rs 125 Crore Flatted Factory in Greater Noida to Enhance MSME Sector

Published

1 year ago

June 9, 2025

In a pivotal step to enhance Uttar Pradesh’s Micro, Small, and Medium Enterprises (MSME) sector and propel its ambition to reach a USD 1 trillion economy, the government led by Yogi Adityanath is moving forward with the construction of a cutting-edge flatted factory in Greater Noida.

This initiative aligns with the state’s overarching goal of becoming a prominent industrial hub, emphasizing support for micro, small, and medium enterprises alongside larger industries.

Under the guidance of the Chief Minister, the Yamuna Expressway Industrial Development Authority (YEIDA) has devised a comprehensive plan for the flatted factory complex. Located in Sector 28 of Greater Noida, Gautam Buddha Nagar, this project entails a total investment of Rs 125 crore. Preliminary tasks, including the master plan and supporting reports, are currently in progress, with construction anticipated to finish within 24 months, according to officials on Sunday.

This project aims to stimulate MSME growth by providing advanced infrastructure within a shared facility. The flatted factory will offer well-equipped units with essential amenities, facilitating efficient production and operations.

The envisioned complex is also expected to significantly attract new investments to the area, stimulate local economic growth, and create employment opportunities, especially for the youth.

Developed under the Engineering, Procurement, and Construction (EPC) model, the project is set to be completed within two years, followed by a three-year defect liability period. The multi-storey flatted factory will encompass a total area of over 38,665 square meters, providing modern units tailored for MSMEs.

In addition to the main building, the complex will be designed to accommodate future demands. It will feature contemporary facilities such as internal water supply, electricity, fire safety systems, elevators, and HVAC (heating, ventilation, and air conditioning). The design will also adhere to green building standards to promote sustainability. Enhanced security measures, including CCTV, access control, and other electronic systems, will be incorporated.

The complex will boast excellent road connectivity, with 24 and 30-meter-wide roads linking it to the highway. Additional external development will include boundary walls, gates, guard rooms, internal roads, parking, drainage, sewage, water supply, plumbing pumps, fire safety systems, and landscaping.

Business

Opendoor Shuts Down India Operations, 250 Employees Affected

Published

1 day ago

June 11, 2026

Namma Kudla

Business: US-based real estate technology company Opendoor has decided to close its operations in India. The move will impact nearly 250 employees.

CEO Kaz Nejatian said the company is bringing operational roles closer to its customers in the United States. He explained that most of Opendoor’s customers are based in America.

The company said the decision is not related to the performance of its India team. Nejatian praised the employees for their hard work and contributions.

Affected workers will receive severance pay, job placement support, and other assistance. A small number of employees will stay temporarily to help with the transition.

Opendoor said it will continue focusing on simplifying operations and improving efficiency with new technology and AI.

Business

Domestic LPG Cylinder Price Increased by Rs 29

Published

5 days ago

June 7, 2026

Namma Kudla

New Delhi: The price of domestic LPG cooking gas cylinders has been increased by Rs 29 across India. This is the second price hike in the last three months.

The increase comes as global energy prices continue to rise due to the ongoing conflict in the Middle East.

After the revision, a domestic LPG cylinder now costs Rs 942 in Delhi, Rs 941.40 in Mumbai, Rs 968 in Kolkata, and Rs 957.50 in Chennai. In Bengaluru, the new price is Rs 944.50 per cylinder.

The government said the cost of supplying LPG has increased significantly. However, subsidies under the Pradhan Mantri Ujjwala Yojana continue to help over 10 crore beneficiaries.

Petrol, diesel, and CNG prices have also increased in recent weeks as global fuel markets remain volatile.

Business

Honda Begins Delivery of 2026 City Hybrid

Published

1 week ago

June 3, 2026

Namma Kudla

Business: Honda Cars India has started delivering the new 2026 Honda City Hybrid to customers. The first car was handed over at a dealership in Bengaluru.

Honda President and CEO Takashi Nakajima attended the special delivery event. Other senior company officials were also present.

The first customer received a Crystal Black Pearl Honda City Hybrid. The car was delivered with a symbolic key and a gift hamper.

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The updated City comes with new features such as ventilated front seats and a 360-degree camera. It also offers wireless Apple CarPlay, Android Auto, and a sunroof.

The sedan is available with petrol and strong-hybrid powertrain options. Honda claims the hybrid version delivers a mileage of 27.26 kmpl.

The Honda City competes with the Volkswagen Virtus, Skoda Slavia, and Hyundai Verna in India.