Infrastructure
Universal Construction Machinery and Equipment Ltd, India’s leading construction equipment company, launched Self Loading Concrete Mixer in Odisha. Ranjit More, vice chairman, Universal Construction Machinery and Equipment explained that self-loading mixture (SLM) is developed indigenously keeping in mind the needs of Indian consumer and it is developed by in-house research and development team of the [...] Continue Reading »
The government had plans under public-private partnership (PPP) model to build the Rs 6,290-crore Eastern Peripheral Expressway (EPE) project. The government had to scrap the project as it did not attract any bids. The deadline was Apr 4. NHAI did not receive any bids forcing it to plan the project under conventional engineering procurement construction [...] Continue Reading »
L&T Finance Holdings (L&TFH) on Wednesday said that the company would look for the opportunity to venture into banking and await RBI guidelines before taking a step further. N Sivaraman, president and whole-time director at L&TFH said the company did not getting a bank licence and it would wait for the next opportunity as and [...] Continue Reading »
GM Rao, group chairman, said, GMR Group, infrastructure and aviation major, may bid for the impending privatisation of the Sardar Vallabhbhai Patel International Airport at Ahmedabad. Rao said, speaking on the sidelines of a convocation ceremony at the Entrepreneurship Development Institute of India (EDI) here, “Whenever the bid opens we may bid for the Ahmedabad [...] Continue Reading »
The State government has given sanction to the Delhi Metro Rail Corporation (DMRC) to construct the Panniyanakara rail overbridge. It is a vital and primary infrastructure part of Kozhikode’s monorail project. The detailed plan, tender of works, execution, supervision and handing over of the completed work to the government will be done by DMRC and [...] Continue Reading »
The Reserve Bank of India (RBI) once it revisits the existing guidelines will open up the banking space to more entrants. In the past the central bank has observed that it needs more differentiated players in the system and that licences would be available ‘on tap’; in keeping with this viewpoint, windows for accepting applications [...] Continue Reading »
Santacruz-Chembur Link Road (SCLR), India’s first double-decker flyover, undertaken under the Mumbai Urban Transport Project (MUTP) of MMRDA, will give much-needed east-west connectivity in Mumbai. The 6.45 km six-lane road was thrown open to commuters last week, opening from Vakola Junction on Western Express Highway (WEH) and extending up to Amar Mahal Junction near the [...] Continue Reading »
Haryana chief minister Bhupinder Singh Hooda on Thursday met officers of National Highway Authority of India (NHAI) and Public Works (Building and Roads) Department in Chandigarh to discuss toll taxes and national highways in the state. The move is to woo voters in the region. The CM said that the state government may compensate NHAI [...] Continue Reading »
According to Ajay K. Bakaya, Executive Director of Sarovar Hotel, country’s hospitality sector is poised for a significant upturn over the next six months. He added that there has been a prolonged sluggish situation in the hospitality sector due to various factors including economic slowdown. A lot of reports including that of World Bank and [...] Continue Reading »
In this general election, India Inc has featured heavily in the heated exchanges among parties. India’s biggest real estate developer DLF has suffered in the crossfire because of its alleged links to Sonia Gandhi’s son-in-law Robert Vadra. BJP leader Uma Bharti says explicitly on April 12 that Vadra would be jailed if the NDA came [...] Continue Reading »
