JSW Cement buys out Shiva Cement promoters’ stake
NEW DELHI (INDIA): JSW Cement, part of the USD 11-billion JSW Group, has acquired promoters’ share in Odisha-based Shiva Cement and has also launched an open offer to acquire 32… Read more »
Category: Allied Industries
India to spend $10 billion on airport infrastructure
VIJAYAWADA (INDIA):A sum of $10 billion would be spent in next five years to develop airport infrastructure in India so that the country could become the world’s third largest aviation… Read more »
Cement sector may see Q4 FY17 as weakest quarters: Report
MUMBAI (INDIA): Cement sector may see Q4 FY17 as the weakest quarters in the recent times due to the drop in realisations coupled with an unfavourable volumes base and rising… Read more »
DMRC hopes JICA support will continue for Phase IV
NEW DELHI (INDIA):The Delhi Metro Rail Corporation (DMRC) is keen on extending its cooperation with Japanese government funding agency (JICA) for its Phase IV expansion, under which six new corridors… Read more »
Japan to assist in making Chennai, Ahmedabad and Varanasi Smart Cities
NEW DELHI (INDIA): Japan has decided to be associated with the development of Chennai, Ahmedabad and Varanasi as smart cities. This was today conveyed by Japan’s Ambassador to India Kenji… Read more »
Tata Steel hopes to bounce back soon
JAMSHEDPUR (INDIA): Private steel major Tata Steel has expressed confidence that the situation would be back to normal in the next quarter after the company’s performance was impacted temporarily in… Read more »
US construction spending hits highest level in 10 years
WASHINGTON: US builders boosted spending on construction projects for a second straight month in November, pushing activity to the highest level in more than a decade. Construction spending rose 0.9… Read more »
Mumbai Airport’s domestic terminal 1B is now terminal 1
NEW DELHI (INDIA): GVK MIAL, the company that administers Mumbai’s Domestic and International Airport, has renamed the airport’s domestic Terminal – 1B to Terminal 1 with effect from 1st January… Read more »
L&T Construction, four others seek nod to set up SEZs
NEW DELHI (INDIA): As many as five developers, including that of L&T Construction Equipment and Worldwide Oilfield Machine, have sought the government’s nod to set up new special economic zones… Read more »
India releases Rs.250 crore assistance to Lucknow Metro
NEW DELHI (INDIA): India’s Ministry of Urban Development today released Rs. 250 crore for the Lucknow Metro Rail project which is a joint venture project of central and Uttar Pradesh Governments…. Read more »