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The government should simplify GST. “Make it a single rate, keep it a little lower," he said.
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HCC posted a good set of earnings in Q4 with the company seeing first uptick in execution. CNBC-TV18's Kevin Lee caught up with Ajit Gulabchand, CMD of HCC and began by asking him how much the company has been able to reduce their debt and also his outlook on debt going forward.
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Hindustan Construction Company (HCC) today appointed Arjun Dhawan as Group Chief Executive Officer with effect from April 1.
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Listing his views on the policy announcement, Gulabchand told CNBC-TV18 that the government government has understood that there is a lack of demand and that it must step in to create demand.
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There has been an improvement in the economy in the last two years but the progress has been a bit slow, says Ajit Gulabchand, Chairman and Managing Director, HCC.
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Implementation of GST Bill will require a huge electronic platform on one hand and changing the practices of filing returns on the other, Hindustan Construction Company‘s Chairman and Managing Director Ajit Gulabchand tol CNBC-TV18.
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"In a different vein, the efforts of HCC Infrastructure to effect stake sale have been limited by contractual obligations imposed by the National Highways Authority of India (NHAI)," Gulabchand said.
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Hindustan Construction Company (HCC) has put the proposed IPO for its ambitious Lavasa project on the backburner for the third time, citing bad market conditions in the realty sector.
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In an interview to CNBC-TV18's Ronojoy Banerjee, Ajit Gulabchand CMD, Hindustan Construction Company shared his views and key takeaways from this year's Paris Climate Summit.
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The company is involved in two airport projects in Indonesia, but the jewels in its crown are definitely in India, where GVK operates the airports in two of the biggest cities in the country: Mumbai and Bangalore.
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In an interview with CNBC-TV18, BJP member NK Singh and HCC chief Ajit Gulabchand discussed the politico-economic situation and shared their reading of whether they expect the Bihar polls to make or mar the government's reforms agenda.
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The theme of the meet is 'Delivering Growth in the New Context'. WEF, along with the Confederation of Indian Industry (CII), will host the National Strategy Day on India here on November 3-4.
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Since it takes one year for the rate cut to have an impact, atleast a 200 bps rate cut was needed to revive the capex cycle, Ajit Gulabchand explained.
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Ajit Gulabchand-led HCC has sought approval from its shareholders to issue securities for an aggregate amount not exceeding Rs 1,000 crore or its equivalent in any foreign currency.
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Ajit Gulabchand of HCC believes the Modi government inherited an economy that was severely impacted by old policies.
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The 'Mumbai Next' summit which was attended by the who's who of India Inc saw the top officials of key infrastructure agencies share details of the progress made on some of the biggest infrastructure projects in the Mumbai metropolitan region.
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Ajit Gulabchand, Chairman, HCC told CNBC-TV18 that the issue of payment to the industry is yet to be sorted out.
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Ajit Gulabchand, chairman and managing director HCC spoke to CNBC-TV18‘s Nayantara Rai on the sidelines of the India Economic Summit.
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Some of the most influential voices from India Inc list down their expectations from the new state governments as they cast their vote today.
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In an interview to CNBC-TV18‘s Menaka Doshi and Senthil Chengalvarayan, Rajeev Chandrasekhar, member of parliament, Rajya Sabha and Ajit Gulabchand, Chairman and Managing Director of HCC spoke about that.
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When the Bandra-Worli Sealink was finally opened to traffic on June 30, 2009, the media went into overdrive suggesting that the bridge over the creek separating north and south Mumbai was a symbol of new possibilities.
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Indian stock market is cheering this outcome and stocks are doing well, but that does not necessarily mean that India Inc is celebrating, says Ajit Gulabchand, CMD, HCC.
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In its annual general meeting, Hindustan Construction Company (HCC) on Friday said that various government agencies owed the firm Rs 5,000 crore to the realty firm.
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Ajit Gulabchand, CMD, Hindustan Construction Company (HCC) told CNBC-TV18 that a 5 percent GDP growth was akin to zero growth suggesting reforms have come to a standstill.
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Due to delay in approvals we lost three years, we are now making for it. In just another three years we will be there on the doorsteps of the stock markets. So, everything is back on the table including the Lavasa IPO, Ajit Gulabchand, HCC said.
_5837_356.png?impolicy=website&width=135&height=80 "GST implementation bigger challenge for govt: HCC's Gulabchand")
