India needs an investment of Rs 1 trillion in infrastructure projects by 2030 for augmenting its mass rapid transport systems, NITI Aayog advisor Rakesh Ranjan said.
State-owned HUDCO reported 10 percent decline in its standalone profit at Rs 163.59 crore for the quarter ended December.
China issued guidelines to encourage more private sector capital for public-private partnership projects that channel funds into state infrastructure projects.
Ultratech Cement expects domestic cement demand to return to its "normal level" on government's push for infrastructure projects and uptick in rural housing.
The government needs to exit infrastructure projects and even look at handing over jails, schools and colleges to the private sector.
The cabinet may clear a proposal to make usage of local steel mandatory for government's infrastructure projects, an official with direct knowledge of the matter said.
Big infrastructure projects worth Rs 150 crore and above are running behind schedule and have cost overrun, Parliament was informed.
NITI Aayog will prepare a list of 10 big infrastructure projects that can be developed under the public private partnership (PPP) mode.
PM Modi laid foundation stones of many key infrastructure projects, including the country's longest sea bridge and two metro lines.
Government assured industry stakeholders of resolving regulatory and financing issues to expedite infrastructure projects.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months