The governments of Maharashtra and Telangana today signed a Memorandum of Understanding for construction of three inter-state irrigation projects.
The development comes in the wake of the Cabinet earlier this month giving nod to a proposal from the Road Transport and Highways Ministry to monetise public-funded national highway projects, a move that can garner about Rs 1 lakh crore.
Escorts will now focus on core agriculture (tractors), construction and railways businesses says Managing Director Nikhil Nanda speaking to CNBC-TV18 after the company announced divestment of its automobile parts business.
According to a Care Ratings analysis of 1,180 companies, India Inc has witnessed a modest 2 per cent growth in sales and 0.9 per cent increase in net profits, during April-June quarter of the current fiscal over the same period a year-ago.
The total project cost would be met through China's government soft loan and from the government's own funds, state-run Xinhua news agency reported.
Nitesh Estates have 18 projects in its portfolio, out of which 4 are at the handover stage, 8 are in construction and six are in the approval stage, says Ashwini Kumar, ED & COO of the company.
Andhra Bank's MD & CEO Suresh Patel says large accounts particularly in the construction and iron and steel are major contributors to slippages.
The Goods and Services Tax (GST), is a comprehensive indirect tax on the sale, manufacture and consumption of different kinds of goods and services throughout India, with all other central and state taxes intended R
The Rs 2,100 crore project is to be developed on design, built, finance, operate and transfer (DBFOT) under the National Highways Development Programme (NHDP) phase V.
After the Bombay High Court pulled up the Maharashtra government for not identifying the wetlands in the state, the government on July 11, 2016, withdrew its plea seeking modification of a 2013 order banning R
Equity markets have rallied globally and this has helped Indian stocks as well, says Sridhar Sivaram of Enam Holdings. "The domestic picture seems to have improved and that has helped as well."
L&T said its Heavy Civil Infrastructure Business, along with its partner, PES Engineers Pvt Ltd, has won a major order worth Rs 1,849 crore from the Irrigation and Command Area Development Department (I&CAD) of the Telangana government.
Automakers reported higher June sales amid strong demand for pickup trucks and sport utility vehicles, but on an annualised basis, the June industry selling rate came in at 16.66 million units, well below May's sales pace of 17.45 million.
The enactment of the Real Estate (Regulation and Development) Act 2016, is expected to provide a fillip to the real estate and construction sector and improve ease of doing business in the country.
The deviations would be permitted on "as is, where is" basis provided 30 percent space is available as per the requirement of set-backs and the applicants would have to apply within 45 days from the date of promulgation of the Ordinance and the buildings constructed on government or Municipal lands would not be regularised.
Engineering and procurement construction (EPC) business has been growing on the back of government orders, says Nischal Maheshwari, Head of Institutional Equities, Edelweiss Securities, adding, this uptick in the construction sector will trickle down to capital goods, further enthusing the market and economy there on.
The Indo-UAE Global Investment Summit to be held here next week will boost trade between India and the Gulf Corporation Council (GCC) countries in sectors such as infrastructure, construction, renewable energy and oil & gas
Slippages for this quarter has been Rs 4,019 crore, Animesh Chauhan, MD & CEO of Oriental Bank of Commerce told CNBC-TV18.
"The construction arm of Larsen & Toubro won orders worth Rs 1,798 crore across various business verticals in April," the company said in a BSE filing.
Uttar Pradesh has claimed the top spot with the highest share of about 15 per cent in PPP projects across India, followed by Maharashtra and Gujarat, a recent Assocham-SREI study said.
"IT authorities have carried out Search and seizure proceedings at the premises of the company and certain officials under from April 05, 2016 to April 09, 2016," Ashoka Buildcon said in a BSE filing.
Food clothing shelter three basic needs but whether your shelter is a tin shack or pent house apartment the roof over your head has a growing carbon footprint. On this edition of Sustainable Energy we are looking at changes in architecture and construction techniques.
Chairing the meeting of the Parliamentary Consultative Committee of the Ministry of Road Transport & Highways, Gadkari informed that "there is a target to award road projects worth Rs 1 lakh crore in the North East during the next five years."
In the banking space, Upadhyaya says he prefers retail focussed private banks and well managed NBFCs which are into consumer lending. He is wary of public sector banks as the clean up of books has just begun
The Nifty today gained momentum in late trade and rallied 100 points intraday to close near 7,500.