14 Railways projects to be fast tracked
The Ministry of Railways is going to expedite construction of 14 strategic projects, mainly in border areas that have failed to take-off for want of funds. These 14 projects have been hanging fire...
View ArticleIndian Railways: Drastic changes on the card?
Mumbai: In a stern message the Railway minister Sadananad Gowda recently made it very clear to senior officials to perform efficiently and live up to the expectations of people. It seems that the new...
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IRB Infra’s arm bags road project in Haryana
Mumbai: IRB Infrastructure Developer, one of the largest BOT road developers in India, announced that the company has entered in to a concession agreement with NHAI for widening of a highway stretch in...
View ArticleCanada Pension Plan Investment Board to invest in L&T IDPL
Mumbai: Larsen & Toubro Limited (L&T) has entered into a definitive investment agreement with a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB), CPP Investment Board...
View ArticleREC donates SolarBox to the Philippine Red Cross
Singapore: REC, a leading global provider of solar energy solutions, has donated a 20kW solar-diesel hybrid container (SolarBox) to the Philippine Red Cross. The SolarBox is an integrated, off-grid...
View ArticleGovt categorically asks CIL to improve performance
In a clear cut message to Coal India the government has asked Coal India Ltd (CIL) to improve efficiency to avoid restructuring. In a stern message to CIL the government has asked the world’s largest...
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Omaxe sees substantial reduction in debt levels
New Delhi: Realty major Omaxe Ltd has witnessed significant decrease in company’s debt levels as the debt equity ratio comes down by close to 60%. In the last 5 years, the debt-equity ratio plunged...
View ArticleKarnataka Government to seek approval for Kalasa-Bhanduri water scheme
The Karnataka Government is looking for options to seek interim approval of the Mahadavi Water Disputes Tribunal for Kalasa-Bhanduri water supply scheme. According to the State Government, the canals...
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Govt approves Rs40,000 cr road projects; targets to build 30 kms/day
New Delhi: In a move to accelerate highway construction, the Union Ministry of Road Transport and Highways have given nod to projects valued over Rs40,000 crore to be constructed across the country...
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Uttar Pradesh highway projects fail to attract bidders
Lucknow: The seven highway projects in Uttar Pradesh have failed to attract any bidder despite the tenders being floated five times, states an official. The state government had invited tenders for...
View ArticleIndia Inc on fund- elevating and M&A spree
Mumbai: With a stable, seemingly pro-business govt at the Centre, a resurgent corporate India is on a fund-raising spree, aiming to increase up to Rs 120,000 cr in the next 2 years, of which about Rs...
View ArticleL&T picks 74% stake in Thales
Mumbai: L&T Technology Services, a wholly-owned subsidiary of Larsen & Toubro Limited (L&T), has purchased 74% of the equity capital of Thales Software India Pvt. Ltd., the Indian...
View ArticleExpansion Of Tax Holiday, MAT Difference In Power Sector’s Budget Range Wishlist
Mumbai: The power sector players & experts assume a slew of sops in the maiden budget by the BJP led NDA govt for the rapid revival. Their wishlist contains expansion of tax holiday, immediate in...
View ArticleNRB Bearings rallies 12% after Sundaram Common Finance get share
Mumbai: NRB Bearings has rallied 12 Per cent to Rs 94.50 on National Stock Exchange (NSE) after the company said Sundaram Mutual Fund has bought around one million stocks of the company via open...
View ArticleGREYWATER recycles 100,000 L of wastewater per day at SGDPL
GREYWATER, a Mumbai based specialized technology company that pioneers the next generation products for sewage and wastewater treatment announced the handover of a 100 KLD GREWA-R based STP at the gems...
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Survey work on Gurgaon-Manesar-Bawal metro project to start in Sept
Gurgaon: The survey work on the Gurgaon-Manesar-Bawal metro rail project is likely to kick off this September, according to a senior Haryana government official. The Japanese governmental institution,...
View ArticleIndian Real Estate Hopes For A Transforming Budget: JLL
With the new government now firmly in charge of steering the country, the Indian economy is perched on the threshold of recovery and growth. The serious issues that have plagued the sector for so long...
View ArticleHavells India gets 8% forward of board meet for division of stock
Mumbai: Havells India has increased 8% to Rs 1,192 forward of board meeting on Monday to consider sub-division of equity stocks of face value of Rs 5 a share to a lower denomination. The share opened...
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Chicago Pneumatic unveils new stationary generator range
Mumbai: Construction equipment major, Chicago Pneumatic has added new stationery generators – 50Hz and 60Hz generators – to its product basket. With this, the company can now offer complete range of...
View ArticleMan Infra Focus 25% within two days as board endorse stock to divide
Mumbai: Man Infraconstruction is locked in upper circuit of 20% at Rs 181, increasing its previous day’s gain, after its board approved share split in the ratio of 5:1. On June 25, 2014 the board of...
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