KMC Constructions Rs 1274 crore project from NHAI
NEW DELHI (INDIA): The National Highways Authority of India (NHAI) has issued Letter of Award (LOA) for development of National Highway section in Himachal Pradesh under phase IV B of… Read more »
Daily Archives: October 26, 2016
NHAI scraps Transstroy’s Rs 912 crore highway project
NEW DELHI (INDIA): Acting tough against developers failing to adhere to contract timelines, NHAI has scrapped a Rs 912-crore contract awarded to Transstroy Ltd for a highway project in Madhya… Read more »
Emami plans 15-20 MTPA cement capacity in five years
KOLKATA (INDIA): Diversified Emami group is planning to build a cement production capacity of 15-20 million tonnes over the next 3-5 years, an official said. “We aim to be among… Read more »
Average housing prices up 7.3% in April-June quarter: RBI
NEW DELHI (INDIA): Housing prices increased by an average 7.3 per cent during April-June period of this fiscal in major cities after moderating for last four consecutive quarters, according to… Read more »
JSW Cement capacity expansion by 2018; forms JV with Aussie company
MUMBAI (INDIA): JSW Cement, part of the USD 11 billion JSW Group, has said it plans to complete expansion of its capacity to 17 million tonnes (MT) by April 2018… Read more »
China regulator asked to curb property firms’ fundraising: Caixin
SHANGHAI: China’s securities regulator has been instructed to curb access to bond and H-share financing by real estate firms, online financial magazine Caixin reported on Tuesday, citing sources. H-shares are… Read more »
Revenue neutral rate structure of GST to be finalised next month: Shaktikanta Das
NEW DELHI (INDIA): Asserting that the government is determined to implement GST from the next fiscal, Economic Affairs Secretary Shaktikanta Das has expressed confidence that the revenue neutral rate structure… Read more »
Varia US Properties says plans IPO Swiss exchange
By Joshua Franklin ZURICH: Varia US Properties AG, a real estate company which invests in U.S. multifamily housing, on Tuesday announced plans for an initial public offering on the Swiss… Read more »
JW Marriott debuts in Kolkata with luxury property
KOLKATA (INDIA): US-based hospitality chain JW Marriott threw open the doors of its luxury property in the metropolis — the first in the eastern region. The property, built jointly by… Read more »
Kuwaiti developer NREC says no plans for new financing
By Hadeel Al Sayegh DUBAI: Kuwait’s National Real Estate Company (NREC) in a bourse statement on Tuesday denied it plans to tap new financing. The company’s chief financial officer Shiv… Read more »