Odisha, AAI sign contract to acquire Jharsuguda airport
Bhubaneswar: The Odisha govt on Wed signed a MoU with the Airports Authority of India (AAI) for developing an airport at Jharsuguda in western Odisha at a cost of Rs 210 cr. Currently, AAI functions an...
View ArticleGurgaon Fast Metro fares hiked by over 66%
New Delhi: Taking the Gurgaon Rapid Metro will now cost Rs 20 for only one journey as in compared to Rs 12 charged earlier. The fare increase of about 66.6% will be effective from 1 Aug. The hike comes...
View ArticleJSW Steel plans to get $22 bn to increase potential by 2025
Mumbai: JSW Steel, India’s 3rd largest steel maker plans to get $22 billion dollars (Rs 1, 32,000 cr) over the next 10 years to be able to take its total capacity to 40 million tonne by 2025. “Because...
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Two DFCs likely to cost Rs73,392 cr excluding Sonnagar-Dankuni Section
New Delhi: The two Dedicated Freight Corridors (DFCs) namely Eastern Corridor (Dankuni-Ludhiana, 1839 Kms.) and the Western Corridor (Jawaharlal Nehru Port Terminal (JNPT) to Dadri, 1499 Kms.) is...
View ArticlebC India December 2014
The bC India – A BAUMA CONEXPO SHOW, International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles, is scheduled to take place from December...
View ArticleManufacturing PMI extended by 17-month high in July
New Delhi: Factory activity extended at its quickest fastest pace in 17 months in July on improved orders, showed a widely-tracked HSBC purchasing managers’index (PMI). Though, this also jacked up...
View ArticleArcelorMittal deducts outlook as ore costs strike mining
Brussels: ArcelorMittal, the biggest steelmaker, cut its prediction for earnings this year after lower than expected iron ore costs ate into the profit of its mining business. The company, which makes...
View ArticleAndhra Bank to increase by Rs 1,000 cr through infrastructure bonds
Mumbai: Andhra Bank will increase Rs 1,000 cr through long-term infrastructure bonds to fund projects with long gestation. Rating agency CRISIL has allocated its ‘AA+/stable’ rating to the Rs 1,000-cr...
View ArticleSuzlon to re-finance 50% of its Rs 9,000 cr debt in present financial year
Mumbai: Wind turbine maker Suzlon will re-finance Rs 4,000-4,500 cr of its rupee financial debt & list its European subsidiary Senvion as part of its turn-around plan. Last month, the company’s...
View ArticleSolar power firms motivate imports from market economies
New Delhi: Solar power project developers’ threat to import solar cells from countries such Japan, Korea, Singapore & others is music to the ears of Indian solar cell manufacturers. The producers...
View ArticleJSW Steel: Robust earnings on better efficiency
Mumbai: While steel requirement remains as tepid in India & iron ore in short supply, steel producer JSW Steel has reported a sharp jump in earnings prior to interest, tax, depreciation &...
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India’s manufacturing growth expected around 12-14% in next 10 years: Ajay...
New Delhi: India has the feasibility to achieve 12-14% average manufacturing growth over the next 10 years backed by the talent that has the potential to drive innovation and take critical decision at...
View Article‘Mittal Luxuria’ to come up in Bengaluru
Mittal Universal, a reputed real estate company is soon launching ‘Mittal Luxuria’, a new premium residential project in Bengaluru. The residential project which will consist of premium three BHK...
View ArticleOver 20 power plants reeling under fuel crisis
More than twenty coal-fired power plants monitored by Central Electricity Authority were reeling under fuel shortages with stocks to last less than four days as of last week, Coal and Power Minister...
View ArticleInfrastructure upgradation going on at Trivandrum Airport
The works on phase 2 of infrastructure upgradation projects at Trivandrum International Airport is currently underway. These projects are expected to be completed by 2016. The Airports Authority of...
View ArticleGovt preparing draft policy for coal gasification
The government is preparing a draft policy on underground coal gasification, according to Coal and Power Minister Piyush Goyal. “A draft policy is under formulation for development of Underground...
View ArticleGovt to introduce regulatory bill for realtors
The Government will introduce Real Estate Development Regulatory Bill in the winter session of Parliament to reign-in the unscrupulous builders who escape responsibility of providing promised...
View ArticleSolar Manufacturing sector needs policy support from Govt
Government support to domestic solar manufacturing will lead to improved energy security, job creation and huge forex savings for the industry, according to a report released by ISMA in collaboration...
View ArticleJNPT likely to launch port SEZ
Jawaharlal Nehru Port Trust (JNPT), the biggest container handling port in India, is likely to launch its port-based special economic zone (SEZ) project by this month. The port-SEZ project will come up...
View ArticleGateway posts 23% jump in Q1 net
Gateway Distriparks, eminent Logistics player reported 23 per cent jump in consolidated net profit to Rs 36.9 crore in the first quarter ended June 30. This was aided by rail business. The company had...
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