Engineering
National Highways Authority of India (NHAI) will soon relax its norms while issuing fresh contracts for the road construction projects in Jharkhand and other Maoist-hit states. Union minister of road transport and highways Nitin Gadkari, while addressing media through a video conference from Delhi, said in some pockets of Jharkhand, Chhattisgarh and Maharashtra, several road [...] Continue Reading »
After a lull of several months, road projects have now got off the ground. In the last month, the National Highways Authority of India (NHAI) has lined up about Rs.8, 700 crore worth of projects for tendering via the engineering, procurement and construction (EPC) route. Although this proposes to build only 1,000km, a minuscule portion [...] Continue Reading »
The Reserve Bank of India (RBI) has said about 36 % of the overall 4.1 % bad assets in the system have been created by the six sectors of the economy – infrastructure, metals, textiles, chemicals, engineering and mining. The central bank stated that these sectors, though, have only 30 % of the credit share [...] Continue Reading »
The government on Monday said that it has shifted its focus to the EPC (Engineering, Procurement and Construction) route for road building. This happened at the backdrop of the developers not showing interest in the PPP (Public Private Partnership) mode. There were 21 projects bid under PPP and they did not receive favourable responses from the [...] Continue Reading »
Tata group expects to achieve market capitalisation comparable to the world’s top 25 companies. And in order to achieve that the group has decided to invest USD 35 billion in the next three years as a part of its vision 2025. Tata group Chairman Cyrus Mistry mentioned about this while addressing the Tata group’s Annual Leadership [...] Continue Reading »
The capacity of Indian companies to service borrowings has majorly improved despite knowing that the debt burdens have increased significantly in fiscal 2014. This has been understood with the help of an analysis based on most Indian companies who are in debt currently. Since there are hopes that economic growth will pick up its speed [...] Continue Reading »
In the first quarter of 2014, Office space leasing in the Delhi-NCR region jumped more than three times to nearly 1.5 million sq ft. The prime reason for the increase is due to higher absorption by IT firms in Gurgaon, says a report by property consultant Cushman & Wakefield. Cushman & Wakefield in its latest [...] Continue Reading »
Real estate sector in the Gulf Arab emirate Dubai is expanding and is in demand. The construction sector here is all set to witness a shortage of 500,000 workers by 2015, a media report said here Saturday. Dubai international academic city (DIAC) asked Deloitte to conduct a survey and about the real estate sector. According [...] Continue Reading »
According to an ICRA study, in 2013-14 while the number of downgrades exceeded upgrades for the third consecutive year, with 602 downgrades and 559 upgrades, overall, 3.3 per cent companies moved to the default category as against 4.5 per cent in 2012-13. ICRA said ,“During the last fiscal while both the number and severity of [...] Continue Reading »
In December, the foundation stone for the extension campus of IIT-Delhi at Kundli and Indian Institute of Information Technology (IIIT) at Kilhorad village in Sonipat was laid by Union minister Pallam Raju and Haryana chief minister Bhupinder Singh Hooda. IIT-Delhi’s extension campus at Rajiv Gandhi Education City in Kundli would have a science and technology [...] Continue Reading »
