Tamil Nadu, Madhya Pradesh and Gujarat submit the maximum proposals under PMAY(U); UP, Rajasthan, Maharashtra need to do more
The government hopes that privatisation would help bring in fresh funds and thereby improve mobility services.
It was a noisy morning in Bengaluru, when numerous senior citizens stormed into the office of the Bruhat Bengaluru Mahanagara Palike (BBMP), the administrative office responsible for civic and infrastructural assets of the Greater R
He alleged that the "meager" funds provided earlier for the purpose were also swindled halfway by the middlemen with hardly any visible impact having been created on the ground.
In an exclusive interview to CNBC-TV18, Tata Motors‘ Vernon Noronha shares his view on the JNNURM scheme and how the days ahead are likely to pan out for the company.
Bus segment has been in negative territory since last 30 months but with economic activity expected to do well now we really expect the segment to do well," Society of Indian Automobile Manufacturers (SIAM) deputy director general Sugato Sen said.
These are part of the 2700 orders bagged by Tata Motors, for Tata 'URBAN' buses under JnNURM - II scheme
Noting that the gigantic task of ensuring housing for all needs large scale participation of private developers, Urban Development and Housing Minister Venkaiah Naidu said the government is committed to promote Public-Private-Partnership and operational hurdles will be removed
India's second largest commercial vehicle manufacturer Ashok Leyland has bagged orders for 4,000 buses worth Rs 1,500 crore from State Transport Undertakings (STUs), the company said in a filing to the stock exchanges today.
Ashok Leyland will offer a mix of JanBus, midi-buses and ultra low entry (ULE) buses as a part of this order.
Policies in India are high on intent but low on implementation. Ashwajit Singh‘s advisory firm set out to correct that
The Chennai-based company on Tuesday reported a much wider-than-expected net loss of Rs 142 crore, compared with a profit of Rs 67 crore in the year ago quarter. Its revenue in the April-June quarter declined 22 percent year-on-year to Rs 2,364 crore. Operating margins hit a low of 1 percent.
Vinod Dasari, managing director, Ashok Leyland is hopeful of the auto sector revival. In an interview to CNBC-TV18, Dasari says the company has stopped giving any discount as it cannot afford it in the current economic conditions.
Nischal Maheshwari of Edelweiss Financial Services, talking to CNBC TV18, says they are not disappointed that the Budget 2013 hasn‘t provided a thrust on investments, but would have to revise earnings estimates if the RBI does not go ahead with a 100 bps interest rate cut, which has been factored in their numbers.
Finance Minister raised excise duty on utility vehicles to 30% from 27%, which will hit companies like Tata Motors, Mahindra & Mahindra.
P Chidambaram allocated amount of Rs 14,873 crore to Jawaharlal Nehru National Urban Renewal Mission (JNNURM), which will be positive for Ashok Leyland and Tata Motors.
Ater a disastrous 2012, things are not looking up for the commercial vehicle (CV) industry. Vinod Dasari, MD, Ashok Leyland told CNBC-TV18 that the industry will struggle for the next six months.
Car sales could be staring at a 10 year low. The data released by the auto apex body Society for Indian Automobile Manufacturers (SIAM) today paints a very gloomy picture for the overall industry.
The government decided on continuing the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) to sanction new projects till March next year.
Mahindra Solar One, a joint venture between Kiran Energy and Mahindra, today commissioned its first 5MW solar power plant in Jodhpur in Rajasthan.
Government is mulling setting up a Rs 1,000 crore Credit Risk Guarantee Fund to encourage banks to give loans to the poor, Prime Minister Manmohan Singh said today even as he asserted that policies cannot have one-size- fits-all approach towards both big and small cities.