Upgradation

As much as 60% of the total central business districts’ stock in top six cities requires upgradation; Mumbai accounts for the highest upgradation potential

Delhi Metro plans to refurbish and modernise 80 coaches introduced in Phase 1: Mangu Singh

Speaking about expansion plans, Mangu Singh said that last mile connectivity and land acquisition continue to remain a challenge.

Bank of India gross slippages down over 60% QoQ to Rs 6,232 cr

Steps taken to clean up the books has led to significant quarter-on-quarter decline in Bank of India‘s gross slippages to Rs 6,232 crore from Rs 16,805 crore, said Managing Director & CEO, Melwyn Rego.

Railways to invest $140 bn, Japan to modernise 400 stations

A Japanese delegation will soon visit India to study the opportunities for industries in the railway station development plan of railways as the public transporter has identified 400 stations to be upgraded in private investment, an official release said here today.

Buy Sesa-Sterlite, JSPL; shun SAIL, NMDC: Espirito Santo

Ritesh Shah of Espirito Santo Securities is positive on Sesa Sterlite and sets a fair value ranging between Rs 180-220.

RBI stiffens loan restructuring norms for banks

RBI increased the provision on new restructured standard loans to 5 percent with effect from June 1, 2013 as against the existing 2.75 percent. For the stock of same accounts as on March 31, 2013; it will be in a phased manner by March 31, 2016. Standard loan accounts cannot retain its standard status after restructuring from April 1, 2015.