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Mangalore Urban Development Authority (MUDA), in a first since its constitution in 1988, is considering construction of residential apartments in its jurisdiction, through a government-private partnership. MUDA will begin the project, once site owners acknowledge their willingness. The project will encompass all requirements, with necessary peripheral infrastructure, including roads, parks, and drainage, among others. Each [...] Continue Reading »
The Railway Ministry has received a request from the Cement Manufacturers Association to rollback the 6.5 percent increase in rail freight charges to curtail infrastructure development costs. Seeking the withdrawal of the railway freight increase, the cement manufacturers put forth the argument that the hike in freight will further discourage the movement of cement, clinker [...] Continue Reading »
There are three hospitals-cum medical colleges about to be established in the mode of PPP by the government of West Bengal. Malay De who happens to be the Principal Secretary of the State Health Department mentioned during a meeting on Saturday has mentioned recently that the Camelia group shall be given two projects as a [...] Continue Reading »
Bagging a job in MNC was the prime ambition of the youth of India Inc. a few years back. However the top brass is proceeding towards the Indian Players in spite of their lack of professionalism as they are fed up of the MNC practices which are highly bureaucratic in nature. The parent company holds [...] Continue Reading »
The slowdown in the real estate sector in the last two years seems to be over after the swearing in of the new government whose agenda is to improve the infrastructure, realty and manufacturing industries. On one hand the real estate industry is anticipating to get the Infrastructure status, and on the other hand a [...] Continue Reading »
The Builders Association of India is now expecting an amendment in the Arbitration Act. This one will make institutional arbitration mandatory for contracts which are state awarded. Around three years ago, the proposal had been initiated when the Law Minister was Veerappa Molly. Parmar, who happens to lead a 750 member association, told the Business [...] Continue Reading »
The Jackson Group which happens to be to a leading power solutions provider is now foraying into the sector of hospitality by making an investment worth Rupees 200 crore in the first phase the upcoming few years. Sandeep Talaulicar who is the Managing Director of Jackson Hospitality told the Business Line once that in order [...] Continue Reading »
Now the private citizens living in Delhi will be able to buy homes and offices in the government colonies. This will be particular to people living in South and Central Delhi. The National Buildings Construction Corps has now considering in selling some parts such as the Netaji Nagar, Kasturba Nagar and Tyagaraj Nagar. This was [...] Continue Reading »
CommonFloor.com launched a creative, witty campaign last week that went viral. They launched their first ever comedy video starring Doorknob Goswami, Khujliwal, and Chalu Yadav in a show called ‘Frankly Screaming’ in a spoof of Arnab Goswami’s show ‘Frankly Speaking’. No prizes for guessing who these characters are. They were selected simply because they were [...] Continue Reading »
In a situation which marked a bonanza of sorts for Narendra Modi-led new Government, the stock prices of Larsen & Toubro (L&T), Axis Bank and other companies in which the government has a stake have witnessed a surge of late. As a result of the increase in stock prices of the mentioned companies, the new [...] Continue Reading »
