NCC Ltd looks for Sebi nod to bring up Rs 600 cr from privileges issue
MUMBAI: Infrastructure firm NCC Ltd has sought market regulator Sebi’s clearance to increase up to Rs 600 cr through a rights issue. NCC would issue equity stocks for an total amount “not exceeding” Rs...
View ArticleBharti Infratel: located to drive the 3G wave
MUMBAI: The share of Bharti Infratel has increased nearly 15 per cent over the week on the back of expectations that the entry of Reliance Jio coupled with data explosion will ensure higher tenancies....
View ArticleRailways to expedite projects
Plans are afoot from the Ministry of Railways to expedite 40 crucial projects across the country, which are facing forest clearance hurdles from the Ministry of Environment and Forests (MoEF). Around...
View ArticleClik here to view.
Caterpillar India launches improvised 424B backhoe loader
(L-R): Vivek Chandrashekaran, Sales and Marketing Director, Asia Region, Building Construction Products, Caterpillar, Ramesh Tipirneni – Country Manager, Caterpillar India and H Jayaram, MD and CEO,...
View ArticleClik here to view.
L&T bags multiple orders worth Rs2000 cr
Mumbai: The Construction division of L&T, L&T Construction has received multiple orders worth Rs2002 crore across various business verticals in June 2014, according to the company statement....
View ArticleACME to install Li-Ion energy storage in Africa
Mumbai: ACME, a energy management and innovative solutions provider for alternate energy sector, has bagged the order for Africa’s first installation of Li-Ion based Energy Storage Solutions for a...
View ArticleCommercial spaces on revival track
Mumbai: After a lull of about two years, investment in commercial real estate, mainly in office spaces, has shown sign of revival in the country’s major cities. According to CBRE’s India Office Market...
View ArticleAlstom T&D bags Rs 27.7 cr order to provide GIS in HP
Mumbai: Alstom T&D India today said it has bagged a contract worth Rs 27.7 cr from Himachal Pradesh Power Transmission Company to supply a 66 kV gas-insulated substation (GIS) for evacuating power...
View ArticleClik here to view.
Road Ministry to garner Rs1 lakh cr funds for highway sector
New Delhi: The newly elected NDA government will start measures to re-track the highway sector in next two years by acquiring funds of around Rs1 lakh crore in a year, according to Nitin Gadkari, Road...
View ArticleSKL is going for third round of expansion
The Chennai based Shri Kailash Logistics (SKL), is mulling the option of tapping private equity (PE) majors to raise resources. It has already started dialogue with a couple of potential PE investors...
View ArticleAP real estate developers will discontinue buying of cement for a week
Hyderabad: The cement manufacturers were stated to have hiked the price of a 50 kg bag by Rs 30 in Kerala, Rs 40-50 in Karnataka, Rs 60-70 in Tamil Nadu & around Rs 100 in AP & Telangana Real...
View Article‘Samruddhi Rhythm’ to come up in Bangalore
The real estate major, Samruddhi Realty, has unveiled a new residential project titled ‘Samruddhi Rhythm’ which will come up off Hennur road in Bangalore. The project will come up over three acre and...
View ArticleClik here to view.
Reduce excise duty to 8%: Caterpillar India
Ajay Shankar, Country Manager, Caterpillar India Bangalore: To promote the growth in the infrastructure sector, government should maintain appropriate levels of productive investment in infrastructure...
View ArticleSeven new projects approved for development of North Eastern Region
New Delhi: The Ministry of Development of North Eastern Region (DoNER) has approved seven new projects worth Rs87.88 crore during current financial year 2014-15 (up to 30th June 2014).The projects,...
View ArticleRailway shares in focus before train budget
Mumbai: Railway-related shares are in focus today & are trading higher by up to 6% before the Railway Budget on Tuesday, July 8. Texmaco Rail & Engineering, Titagarh Wagons, Kalindee Rail...
View ArticleWelspun Renewables’ Vineet Mittal Solar Man of the Year
Mumbai: Vineet Mittal, Vice Chairman Welspun Renewables Energy Private Limited (WREPL) has been awarded the ‘Solar Man of The Year 2014’. The award was presented by Tarun Kapoor, Joint Secretary...
View ArticleReal estate: Need to recovery in second half
Consumers may have kept away from big-ticket items like real estate & cars in recent years. However, latent need is set to rebound in real estate in FY15, say experts. Expectations of a need...
View ArticleCairn Indian to devote Rs 1,200 cr in Rajasthan block
Mumbai: Cairn India has signed up Halliburton Company, a US multinational, for an Rs 1,200-cr agreement to drill 100 wells at the Rajasthan onland block RJ-ON-90/1 over the next 18 months. This will be...
View ArticleClik here to view.
APSEZ, CMA CGM Group ink pact to set up fourth Container Terminal at Mundra
Ahmedabad: India’s largest port developer, Adani Ports & SEZ Ltd today inked pact with France based CMA CGM Group to build up a new Container Terminal at Mundra Port, according to company...
View ArticleTata Housing to invest Rs 600 crore for residential project in Gurgaon
Tata Housing’s fourth project is to come up in Delhi-NCR region. In this direction, Tata Housing Development company will invest Rs 600 crore to develop a new luxury redidential project in Gurgaon. The...
View Article