Subrat Nath, Area Director, Asia-Pacific, Talgo, a privately-held rolling stock and maintenance equipment manufacturer headquartered at Madrid, says that the firm is keen to not only change the way railway journeys are undertaken in India, but also make the country a major manufacturing hub for its products.
Category: ECONOMY & POLICY
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Indian Private Equity takes off!
Private Equity (PE) in India is still in its nascent stage, accounting for roughly 1 per cent of GDP.
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Asahi India Glass announces Rs.500 crore automotive glass plant in Gujarat
Asahi India Glass (AIS) plans to invest in a state-of-the-art ‘Greenfield Automotive Glass Plant’ near Mehsana in Gujarat. The investment is being made to primarily meet the automotive glass requirements of Maruti Suzuki India Ltd at its newly-established Gujarat plant.
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New banking ordinance a welcome step, but inadequate |CSE
Centre for Science and Environment (CSE) is perhaps the only agency in the country which argues that environmental and social issues are closely linked to one of the biggest bugbears that is plaguing Indian banks today – NPAs, or non-performing assets.
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AP signs MoU with Singapore Government
The Government of Andhra Pradesh has signed a Memorandum of Understanding (MOU) with the Government of Singapore to further strengthen the ties between the Republic of Singapore and Government of AP.
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DMIC Infra contracts to be awarded soon
Infrastructure development contracts worth Rs 1,400 crore are up for grabs at the upcoming Delhi-Mumbai Industrial Corridor (DMIC) industrial township project in Maharashtra.
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Godrej Properties Q4 FY17 comes in at Rs 63 crore
Godrej Properties Limited (GPL), a real-estate developer, has announced its financial results for the fourth quarter and year ended March 31, 2017. Its Q4 FY17 net profit came in at Rs 63 crore. FY17 net profit has gone up by 30 per cent y-o-y to Rs 207 crore.
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Reviving growth and job creation key priorities, says CII President
“(The) industry is completely ready for introduction of the landmark tax reform from July 1, 2017. CII has been calling for a single national tax for the last ten years and we will try to make its implementation as smooth as possible,” said the CII President.
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States urged to notify RERA, have full-time regulators in place
Rajiv Ranjan Mishra, Joint Secretary, Ministry of Housing and Urban Poverty Alleviation, has urged the states to complete the process of notification and appointment of full-time regulators at the earliest for Real Estate Regulation Act (RERA) to positively impact sales and the industryÂ’s profit.
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Godrej Properties sells over 1,000 apartments across three new project launches
Godrej Properties, one of India’s leading real-estate developers, has announced that it has sold over 1,000 apartments across three new project launches — Godrej Origins at The Trees in Mumbai, The Suites at Godrej Golf Links in Greater Noida, and Godrej 24 at Hinjawadi, Pune — since March 2017.