According to a survey of company CEOs by industry body ASSOCHAM, the economy may revive in the next 12 months because of possible decline in inflation, interest rates and improvement in the global environment. The CEOs expect the situation in the western markets to improve since their central banks are trying to revive consumer confidence.
Category: ECONOMY & POLICY
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Meeting unique needs
The Cat®120K2 motor grader is delivering exceÂptional value to match a wide range of customer requirements pertaining to heavy construction, mining, road building and governmental applications. Vouching for its high performance and efficiency is Transstroy (India)—one of IndiaÂ’s fastest growing engiÂneering and construction companies. “Transstroy India is currently handling 10 road construction projects at Bhopal, Tirupati, Kareemnagar, Dindigul, Tuticorin to Tirunelveli, Tindivanam to Krishnagi
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Bharti Ineratel Expansion
Bharti Infratel said it is looking at acquisition opportunities in India and overseas. The company, which is the tower unit of telecom major Bharti Airtel, is set to launch its initial public offering (IPO) on December 11 to raise up to Rs 4,533.60 crore. The proceeds from the IPO would be used to fund expansion plans as well as future acquisitions. Of the total 376,000 towers in India,Bharti Infratel has 80,656.
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Land dispute delays MUTP-II project
Maharashtra government and the Indian Railways are locked in an ownership dispute over a 20,000 sq m land in Bandra, Mumbai. The commercial exploitation of the land is necessary for the Rs 5,300-crore Mumbai Urban Transport Project-II (MUTP-II) project, which was sanctioned in 2008. The project was approved under the arrangement that nearl
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Govt executes SUTP with aid from global institutions
Urban Development Secretary Sudhir Krishna informed that his ministry initiated the Sustainable Urban Transport Project (SUTP) with the assistance of Global Environment Facility (GEF), the World Bank and United Nations Development Program (UNDP) to foster a long-term partnership.He informed this at the second annual meet of Sustainable Urban Transport Project (SUTP) in New Delhi
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Govt executes SUTP with aid from global institutions
Urban Development Secretary Sudhir Krishna informed that his ministry initiated the Sustainable Urban Transport Project (SUTP) with the assistance of Global Environment Facility (GEF), the World Bank and United Nations Development Program (UNDP) to foster a long-term partnership.He informed this at the second annual meet of Sustainable Urban Transport Project (SUTP) in New Delhi
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WB govt mulls township project
West Bengal government is working on a plan to set up an industrial township at Raghunathpur in Purulia with residential areas outside the industrial clusters. Raghunathpur has around 2,000-acre of land both vested and private and the state government is said to be working to have a land use and development control plann
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Economy may grow 5-6% next yr
According to a joint survey by Confederation of Indian Industry (CII) and McKinsey & Co, Indian economy may expand 5-6
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L&T arm secures Rs 6.4 bn contract
The Buildings & Factories arm of the construction and engineering major Larsen & Toubro secured a Rs 644 crore
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Naya Raipur becomes 4th planned city in India
Naya Raipur, which is about 20 km from Raipur, is set to become the fourth planned city in India after Bhubaneswar, Ahmedabad, and Chandigarh