Panna-Mukta basin: SC approves RIL’s appeal for London arbitration
NEW DELHI: The Supreme Court today’s set aside the verdict of the Delhi high court & permitted the appeal of Reliance Industries holding that the conflicts between it & the Union Government...
View ArticleShares of Shipping Corporation zooms on return to profit in Q4 March 2014
Mumbai: Shares of Shipping Corporation were up 16% at Rs 64 after returning to profit in the fourth quarter ended March 2014 compared to a huge loss in the corresponding quarter last financial. The...
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L&T Construction bags contracts worth Rs2458 cr
Mumbai: L&T Construction has won new orders worth Rs2458 crore across various business segments in May 2014. The Power Transmission and Distribution Division secured new orders worth Rs1470 crore...
View ArticleUnitech In Red In Q4 On Telecommunications Business Writedown
Real estate player Unitech on Wed reported a net loss of Rs 51.5 cr for the fourth quarter finished March, due to a writedown of a little over Rs 100 cr investments in the telecom business. The company...
View ArticleIndian Oil Profit Declines 35% As Refining Margins Decrease
New Delhi: Indian Oil Corp, the nation’s biggest oil firm, today revealed a 35 % decline in fourth-quarter net profit as refining margins gets shrank and the govt did not fully make up it for failures...
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Accelerating held up highway projects top priority: Pal
New Delhi: Accelerating highway projects that were stalled during the UPA reign tops the list of the new government, Krishan Pal, Minister of State for Road Transport & Highways and Shipping...
View ArticleSolid waste plant to come up at Bhuasuni
A solid waste plant project is to come up at Bhuasuni in Mayurbhanj district of Odisha. In this regard, the Odisha government has signed an MoU for the much delayed solid waste plant project. The...
View ArticleGMR Infra receives set for a stabilizing phase
New Delhi : GMR Infrastructure, the Bangalore-based publicly organised infrastructure developer, is gearing for a stabilization stage throughout the current financial year, after years of utilizing...
View ArticleDLF Product Sales Reservations Up 7% in FY14 to Rs 4070 Cr; Debts Falls
NEW DELHI: India’s biggest Realty firm DLF’s sales bookings improved by 7% last financial to Rs 4,070 cr, although its net debt dropped by Rs 1,400 cr with the help from divestment of non-core assets....
View ArticleMJP starts work on building anicut on Tillari river
For building an anicut, Maharashtra Jeevan Pradhikaran (MJP) has commenced construction work in Sasoli, across the Tillari river on the border with Goa. With the government of Maharashtra drawing water...
View ArticleGVK Run into NHAI Axe over Road Project
The National Highways Authority of India (NHAI) has served showcause updates for termination & debarment on GVK Transportation for failure to mobilize the required money for the Rs 2,815-cr...
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CE industry expects revival; looks forward to Modi Govt
The grappling infrastructure sector is looking forward to the Narendra Modi led NDA government to address the policy concerns and kick start the stalled projects leading to quick turnaround in the...
View ArticleStalled infra projects to see the light: Prakash Javadekar
Pune: The newly formed Central government has planned to strike a balance between environment protection and development and clear stalled projects in defence and power projects, Union environment...
View ArticleSuzlon Energy focuses on Q4 to reduce net loss
Mumbai: Wind turbine producer Suzlon Energy has zoomed by 9% at Rs 23.95 on the BSE after the company declared that its net loss for the quarter ended 31 March simplified to Rs603.45 cr from Rs1,...
View ArticleIFC Spend 20.4 Million Dollars as a Share in Power Network
International Finance Corporation (IFC) today said it produced an equity investment of $20.4 million in Power Grid Corporation of India (Power Grid). The investment was through its participation in the...
View ArticleK Malhotra paid extra remuneration of his IOC position
NEW DELHI: R K Malhotra, who was heading Indian Oil Corporation’s research & development division as director, has been entrusted with additional charge as chairman of the company. Malhotra, the...
View ArticleHDIL Improved Well, but Apprehensions Remain
Mumbai: Through the past 3 months, the HDIL stock has more than more than, in line with some of its peers that recorded sharp gets, as well as ideas to decrease debt. The share has obtained 45% through...
View ArticleBPCL Diverse To Singapore to Enhance Crude Oil Operation
State-run Bharat Petroleum Corporation is planning to open an office in Singapore to increase its global arrive at & participate in crude oil trading. The Singapore office, 2 senior company...
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Tata Housing to invest Rs3000 cr to buy land in metro cities
Mumbai: The real estate arm of Tata Group, Tata Housing has evinced interest in acquiring land parcels, including joint development agreements, across the major cities in the country in this fiscal....
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JSW Steel’s Vijaynagar Plant bags PM’s trophy for Excellence in performance
Mumbai: JSW Steel’s Vijayanagar plant situated in Karnataka has been bestowed with the prestigious Prime Minister’s Trophy for excellence in performance for the year 2012-13. The Vijayanagar unit is...
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