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    Navi Mumbai international airport will be named after late D B Patil, says Fadnavis
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January 12, 2026
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Navi Mumbai airport to be named after D B Patil and positioned as a regional economic growth engine.
The state announced that Navi Mumbai International Airport will be named after the late D B Patil and positioned as a strategic asset to drive regional economic expansion across pharmaceuticals, innovation, food processing, services and import export. The airport is presented alongside complementary projects: road and tunnel improvements, metro development through the planning authority, water supply schemes, housing redevelopment at Ghansoli, APMC market redevelopment, tendering for a multi speciality hospital, construction of a central library, an EduCity initiative to attract universities, and targeted schemes for fishermen and locals.
January 12, 2026
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Kogilu eviction row: BJP committee urges national investigation into alleged organised demographic change and identity-document fraud.
The fact-finding committee reports that Kogilu encroachments involved predominantly migrant occupants and alleges organised actions to alter local demographics by unlawfully settling persons on public land and procuring identity documents and voter registrations; it recommends a NIA-level inquiry to identify those responsible, the facilitators enabling document acquisition, and any government or private actors supporting the encroachments.
January 12, 2026
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Mumbai civic election: Fadnavis calls contest the Thackerays' survival, pledges Mahayuti mayor and Dharavi redevelopment.
Fadnavis framed the BMC election as the political survival contest of Uddhav and Raj Thackeray and urged voters to elect the BJP-Shiv Sena Mahayuti to install a Mahayuti mayor and implement transparent civic governance. He alleged the MVA government made Hindi compulsory from Classes 1-12 under the New Education Policy and scrapped a Dharavi redevelopment tender, stating the project was reassigned to the Dharavi Redevelopment Project with the state as a major stakeholder and the Adani group as developer. He also affirmed Marathi as the compulsory state language within a three-language policy.
January 12, 2026
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Artificial intelligence in Uttar Pradesh: push for domestic data storage and inclusive access via simple phone and messaging tools.
Uttar Pradesh's AI strategy prioritises state-led adoption and data localization, linking secure in-country data to effective AI delivery of government schemes, investment attraction, workforce development, and universal access through low-barrier tools like phone calls and messaging to reach farmers, homemakers, professionals and students.
January 12, 2026
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Haryana commits funding and programs to strengthen education, launch a research fund, and expand women's welfare schemes.
The government committed budgetary and programmatic measures to bolster education and women's empowerment by creating a Haryana State Research Fund for higher education innovation, converting one college per district into NEP aligned Model Sanskriti Colleges, launching the NEEV data-driven portal to support NEP implementation, allocating funds to the Women and Child Development Department, expanding Lado Lakshmi and Kishori Yojanas, constructing women's hostels, allotting one-third of canteen tenders to women self help groups, and upgrading 2,000 Anganwadi centres to Saksham Anganwadi Centres.
January 12, 2026
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Mumbai civic polls ready with EVMs, staff and security; digital campaigning screened and ID rules enforced.
Brihanmumbai Municipal Corporation officials report operational readiness for civic polls in 227 wards, with 10,231 polling stations, 64,375 polling staff, over 20,000 EVM control units, 25,000 ballot units and 140 PADU backups. Reserved seats include wards for Scheduled Castes, Scheduled Tribes, Other Backward Classes and women. Security deployments and surveillance teams are in place; seizures of cash, liquor, narcotics and weapons have been reported. Digital media campaigning must be approved by election authorities. Double voters may vote after completing Annexure procedures and by presenting any of 12 accepted identity proofs.
January 12, 2026
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Cybercrime syndicate allegedly ran mule bank accounts using forged IDs to launder proceeds, prompting seven arrests.
Organised syndicate allegedly procured and operated bank accounts in others' names, activated SIM cards and forged identity documents to create mule accounts sold or rented to cybercriminals; linked to around 200 cybercrime complaints. Seven arrests were made and numerous financial and identity items seized; a case was registered under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act, and investigations continue to identify further members and possible inter state and international links.
January 12, 2026
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India-Germany partnership to secure trusted, resilient supply chains and deepen technology cooperation across defense, semiconductors and green energy.
India and Germany will strengthen trusted and resilient supply chains and transform their seamless economic relationship into a technology partnership, deepening cooperation in semiconductors, defence co-innovation and co-production, space, quantum computing, cybersecurity, biotech and green energy manufacturing, supported by policy measures to promote manufacturing in India, reduced compliance, improved ease of doing business, and broader trade and investment facilitation.
January 12, 2026
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Income tax collections rose 8.82% to Rs 18.38 lakh crore, driven by corporate tax mop up and slower refunds.
Net direct tax receipts grew about 8.82% to roughly Rs 18.38 lakh crore to January 11, driven mainly by higher corporate tax mop up and slower refund disbursements, increasing the government's net tax position without indicating substantive policy changes.
January 12, 2026
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Net direct tax collections rose due to slower refunds and stronger corporate tax receipts through Jan 11.
Net direct tax receipts rose 8.82% to Rs 18.38 lakh crore through January 11, mainly because refunds fell 17% to Rs 3.12 lakh crore and corporate tax collections increased 12.4% to Rs 8.63 lakh crore; non corporate receipts rose 6.39% to about Rs 9.30 lakh crore while gross direct tax collection was about Rs 21.50 lakh crore.
January 12, 2026
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KP Group pledges Rs 4,000 crore investment in renewable energy projects in Gujarat under MoU.
A memorandum of understanding between KP Group and the Gujarat government proposes establishment of renewable energy projects totaling approximately 855 MW, comprising solar and ISTS connected wind solar hybrid projects across locations including Devbhumi Dwarka and Kutch (Bhuj), with a total proposed investment of about Rs 4,000 crore; the MoU was signed on January 12, 2026 at Rajkot and disclosed via an exchange filing.
January 12, 2026
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TCS: new labour codes caused a Rs 2,128 crore statutory impact, mainly gratuity and leave encashment provisions.
Implementation of the new labour codes triggered a one time statutory impact of Rs 2,128 crore, with over Rs 2,100 crore set aside-about Rs 1,800 crore for gratuity and Rs 300 crore for leave encashments-creating a 0.10-0.15 percentage point ongoing margin drag and reducing reported profit for the quarter.
January 12, 2026
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India-Germany strategic partnership expands defence collaboration, supply chain security, trade ties, visa free transit, and skilled labour mobility.
India and Germany signed 19 pacts establishing a roadmap for defence industrial collaboration, mechanisms to secure supply chains for critical minerals and semiconductors, and a skill partnership to enable mobility of Indian healthcare professionals, alongside a visa free transit arrangement and a higher education roadmap to deepen trade, technology, and people to people links.
January 12, 2026
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US aggression on Venezuela condemned; Indian opposition urges government to assert independent foreign policy and express solidarity.
Opposition parties adopted a resolution condemning US military aggression against Venezuela as a violation of national sovereignty and international law, characterising it as imperialist, resource-driven intervention to seize oil. The resolution expresses solidarity with Venezuela, Cuba and Palestine, criticises the Indian central government's muted response as "subservient" to US pressure, and demands that India assert an independent foreign policy and explicitly condemn the US actions.
January 12, 2026
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Essar to set up a Rs 5,100 crore bio-fuel complex in Gujarat with 1 MTPA capacity and SEZ status.
Essar Future Energy signed a Memorandum of Understanding with Gujarat to establish a large-scale bio-fuel complex in Devbhumi Dwarka as an SEZ, proposing Rs 5,100 crore investment, 1 MTPA feedstock processing capacity, expected operations by 2029, and around 350 direct jobs, targeting decarbonization of aviation, shipping and road transport.
January 12, 2026
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ED raid on I-PAC accused of seeking political information and selectively targeting TMC-linked digital operations ahead of 2026 polls.
Abhishek Banerjee asserts the ED's January 8 searches at I-PAC and at its Kolkata director's residence were aimed at appropriating internal political data rather than conducting a bona fide money laundering probe. He alleges selective targeting of the Bengal office despite I-PAC's multi-state presence and links the action to I-PAC's assistance during the Special Intensive Revision of electoral rolls. The ED counters with allegations of obstruction and removal of documents and has sought a CBI probe in the Calcutta High Court.
January 12, 2026
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Federal Reserve subpoena threat risks undermining central bank independence and rattling financial markets, raising borrowing cost concerns.
The Department of Justice served subpoenas on the Federal Reserve and threatened a criminal indictment over Chair Powell's testimony about Fed building renovations, a move Powell called a pretext to undermine central bank independence; markets reacted with equity declines, rising Treasury yields, and sharp losses among bank and credit card stocks, while political proposals and statements intensified regulatory uncertainty for financial institutions.
January 12, 2026
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Union Budget presentation scheduled for February 1; Economic Survey to follow the presidential address, with committee scrutiny planned.
The Union Budget will be presented in Parliament on February 1, officially designated as Budget Day. The Finance Minister will deliver the General Budget in the Lok Sabha, and the Economic Survey is expected to be presented in both Houses following the President's address. The parliamentary calendar provides sittings and a recess expressly to permit committee scrutiny and detailed legislative consideration of Budget proposals.
January 12, 2026
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Public sector banks appeal stay on fraud classification after dispute over forensic audit qualifications and seek quashing of interim order
Three public sector banks appealed an interim order staying their action to classify accounts as fraud classification, contending a BDO LLP forensic audit validly found fund siphoning and misutilisation justifying classification; Ambani had challenged the audit's validity based on auditor qualification and secured a stay on the banks' actions as allegedly violating RBI guidelines, and the banks seek to quash that interim order to enable enforcement of remedial measures.
January 12, 2026
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Rupee edges higher as weak dollar and trade talks offset RBI reported decline in forex reserves.
Rupee settled marginally higher at about 90.17 per US dollar, supported by a weaker dollar, falling crude prices and progress on US India trade talks, while geopolitical volatility limited gains. The Reserve Bank of India reported a USD 9.809 billion decline in forex reserves to USD 686.801 billion, a regulatory datum watched for its implications on market liquidity and intervention under the FEMA/RBI framework.

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Building India's Multifaceted Future: The Oikoshreem Group and Saubhagya Vardhan's Vision for Sustainable Growth

January 12, 2026

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Lucknow — In an era where diversified business models are reshaping India's entrepreneurial landscape, few visionaries demonstrate the breadth and depth of innovation seen in the Oikoshreem Group. Spearheaded by Dr. Saubhagya Vardhan, this multifaceted conglomerate has established itself as a formidable force across real estate, renewable energy, healthcare, financial services, infrastructure, and information technology sectors.​ The Architect Behind the Vision Dr. Saubhagya Vardhan's journey to becoming one of India's youngest and most accomplished entrepreneurs is marked by global exposure and strategic foresight. Having completed his higher education in the United States and the United Kingdom, including credentials from prestigious institutions like London Business School and the University of California, Berkeley, Vardhan returned to India with a mission to revolutionize multiple industries simultaneously.​ His professional background spans roles with renowned organizations and diverse sectors, equipping him with the expertise necessary to challenge conventional business paradigms. This global perspective informs a leadership philosophy centered on uplifting others and ensuring that impact outlives individual presence—an approach that permeates all Oikoshreem Group ventures.​ A 360-Degree Business Ecosystem The Oikoshreem Group operates as a comprehensive business conglomerate encompassing multiple divisions, each addressing critical gaps in India's economy.​ Oikoshreem Infratech Private Limited stands as the flagship entity, transforming infrastructure and real estate through technology-driven solutions and diversified project execution. Recognizing that India's real estate market is largely unorganized, with a market size estimated in the tens of billions of dollars and a shortage of professional, tech-enabled distributors, Infratech positions itself as a comprehensive real estate and infrastructure solution provider using modern systems and robust logistics at scale.​ Beyond residential and commercial real estate, Oikoshreem Infratech has significantly expanded its portfolio into critical government infrastructure projects. The company actively undertakes highway construction, mining-related works, and large-scale earthwork and compaction services, demonstrating its capability to execute complex public sector and infrastructure development initiatives. This diversification underscores the organization’s technical expertise and elevates it from a real estate-focused company to a comprehensive infrastructure solutions provider. The company has brought together thousands of channel partners, associates, and a large on-ground sales and execution force, reflecting the scale at which it now operates across multiple business verticals. These networks enable Oikoshreem to reach diverse customer segments while maintaining operational depth in project delivery.​ Oikoshreem Realtors Private Limited focuses on premium real estate development, management, and advisory services. The division emphasizes quality control and client service excellence, offering residential, commercial, industrial, and hospitality real estate solutions aligned with evolving customer expectations and urban growth patterns.​ Oikoshreem Solar exemplifies the group's commitment to renewable energy and sustainability. As an EPC (Engineering, Procurement, and Construction) solution provider, it contributes to India's national solar mission by deploying rooftop and ground-mounted solar systems and related clean energy solutions, aligning the group with the country's long-term green energy transition.​ Oikoshreem Healthcare Private Limited extends the group's reach into medical services and consulting, offering healthcare-oriented solutions designed to improve accessibility and quality of care through structured, professional services.​ Oikoshreem Infotech Private Limited leverages the digital revolution through application development, web development, digital marketing, bulk messaging, and integrated IT solutions. This division serves as the technological backbone of the group, supporting both internal innovation and external clients’ digital transformation journeys.​ Oikoshreem Financial Solutions Private Limited operates as a specialized financial services arm, providing lending, financing, and related financial products, with an eye on helping individuals and businesses access structured financial solutions in a rapidly formalizing economy.​ Beyond commercial ventures, Oikoshreem Trust underscores the group's social responsibility mandate, addressing complex development challenges through community-centric initiatives focused on empowerment, inclusion, and long-term societal upliftment.​ Redefining Real Estate and Infrastructure Across Multiple Sectors One of Vardhan's most significant contributions has been addressing India's affordable housing crisis while simultaneously building robust infrastructure capabilities. Independent assessments indicate that economically weaker sections and low-income groups account for a very large share of the country's total housing shortage, highlighting the need for innovative delivery mechanisms and inclusive products.​ Oikoshreem Infratech’s response goes beyond conventional real estate models. The company offers tailor-made, cost-conscious housing and land solutions in emerging and tier-2 markets, recognizing that urban and semi-urban regions require localized strategies and thoughtful product design. By treating land and regulatory constraints as design challenges rather than barriers, the organization has enabled thousands of families from middle-income and economically weaker segments to move closer to home ownership and secure asset creation. The company’s expansion into government infrastructure projects—including highway construction, mining-linked works, and large-scale earthwork and compaction—further reflects its commitment to nation-building. These projects demand precision engineering, sophisticated project management, and adherence to stringent public-sector specifications, showcasing Oikoshreem Infratech’s capability to contribute directly to India’s infrastructure growth story. Coal Mining: A High-Growth Opportunity for Oikoshreem India’s coal mining sector has entered a phase of record expansion, creating a significant opportunity landscape for infrastructure-oriented players like the Oikoshreem Group. India’s coal production crossed the one billion tonne milestone in FY 2024–25, with cumulative output reaching around 1,047–1,065 million tonnes and registering annual growth of nearly 5 percent, while production from captive and commercial coal mines has grown at an even faster pace—above 25 percent in recent years.​ Coal still contributes well over half of India’s total energy supply and powers more than 70 percent of electricity generation, even as renewable energy capacity accelerates. With policy reforms opening up commercial coal mining to the private sector and a strong pipeline of new blocks, there is rising demand for specialized partners in overburden removal, mine development, haul roads, and associated civil and earthwork activities. For Oikoshreem Infratech—already engaged in mining-related works and large earthwork compaction—this evolving coal ecosystem represents a natural growth avenue where its engineering capabilities, equipment ecosystem, and project management expertise can be leveraged to secure long-duration contracts, diversify revenue, and contribute directly to India’s energy security and Atmanirbhar Bharat objectives.​ Inclusive Growth and Employment Generation The Oikoshreem Group’s approach to business goes beyond profit maximization, embracing an inclusive employment model that opens opportunities to a wide cross-section of society. Through its real estate, infrastructure, and services ecosystem, the group actively engages retired professionals, homemakers, and unemployed youth, recognizing that construction and real estate are among India’s largest employment generators and can be powerful vehicles for upward mobility.​ In addition, the group emphasizes social initiatives such as women-focused benefits and customer protection measures. Campaigns that promote property ownership among women, coupled with value-added offerings like health insurance linked to product sales, reflect a deliberate commitment to equitable access and long-term customer well-being rather than transactional engagement alone. Technology as a Differentiator Across its verticals, the Oikoshreem Group treats technology as a strategic asset rather than a cost center. Digital platforms, analytics, and automation are integrated into sales, customer engagement, project monitoring, and service delivery, enabling the group to provide more transparent, efficient, and scalable solutions to clients across income segments. This philosophy spans its real estate consulting, digital marketing, IT services, renewable energy monitoring, and infrastructure project management systems. By embedding technology into both front-end and back-end operations, the group enhances customer experience, improves operational control, and positions itself competitively in markets that are rapidly formalizing and digitizing. This tech-forward approach also allows Oikoshreem to adapt quickly to shifts in consumer behavior and regulatory frameworks.​ Navigating Market Evolution The group’s diversified portfolio reflects a deep understanding of macro trends shaping India’s growth story. In real estate, shifts in work patterns, post-pandemic preferences for owned and larger homes, and rising aspirations in tier-2 and tier-3 cities are redefining demand, and Oikoshreem’s presence across land aggregation, distribution, and development provides resilience in this evolving environment.​ Simultaneously, India’s infrastructure push, renewable energy targets, and financial inclusion agenda open multiple growth corridors. The group’s combined capabilities in infrastructure execution, solar EPC, IT services, and financial solutions ensure that it is well positioned to participate in this next phase of India’s transformation, from roads and mining sites to rooftops and digital platforms.​ The Broader Impact What distinguishes the Oikoshreem Group under Saubhagya Vardhan’s leadership is the seamless integration of commercial success with social purpose. The organization demonstrates that sustainable business models can generate shareholder returns while advancing community development, employment, and access to essential services. As India continues its economic expansion and rapid urbanization, enterprises like Oikoshreem—combining global best practices with local insights, technology with human capital, and growth with responsibility—are poised to become defining examples of 21st-century Indian entrepreneurship. Dr. Saubhagya Vardhan’s journey from studying global markets to building a diversified conglomerate that addresses challenges from affordable housing and infrastructure to clean energy and financial access showcases the potential of a new generation of Indian business leaders. In doing so, the Oikoshreem Group contributes not only to enterprise value, but also to the foundational infrastructure and services required for inclusive, sustainable national development. https://oikoshreemgroup.com/ https://saubhagyavardhan.com/ https://youtu.be/jqwiSjy7QiM?si=ZH25mMq8YzHDONdV (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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