L&T´s Metallurgical and Material Handling (L&T-MMH) business has secured orders worth Rs 1,242 crore during the fourth quarter of FY15.
Category: ECONOMY & POLICY
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Vodafone expands its wing
Telecom operator Vodafone announced expansion of mobile network in two more districts in Arunachal Pradesh, taking its coverage to 11 out of 18 districts.
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Delays, cost overruns plague infrastructure projects
Four out of every 10 Central Government infrastructure projects are running behind schedule or have overshot original cost estimates, providing evidence of the heavy toll taken on project execution by delayed regulatory approvals, financial constraints and stalled land acquisition.
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Rush-hour to restructure bad loans
Bankers moved to recast bulky loans in the January-March quarter ahead of a change in rules which will lead to restructured loans being categorized as bad loans, attracting a minimum provision of 15 per cent, mentioned a business news paper.
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2015 Pulse of the Profession
As PMI looks at the state of project, program and portfolio management in 2015, we see that a number of global dynamics are forcing organizations to take a more critical look at how they operate.
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A call on telecom
India´s telecommunication network is the third largest in the world and the second largest among the emerging economies of Asia. It has witnessed phenomenal growth over the last decade as substantiated by the following facts and figures
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Revival of stalled projects worth Rs.8.8 lakh cr can push growth
Stalled projects worth Rs 8.8 lakh crore, or 7 per cent of GDP, are holding up investments in the economy, impacting corporate balance sheets and public sector banks which have extended loans.
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Railway projects covering 9,400 km sanctioned
While last mile connectivity projects continue to be accorded the highest priority, the Railways Ministry intend to fast track the sanctioned works on 7,000 km of double/third/fourth lines and com-¡mission 1200 km in 2015-16 at an investment of Rs 8686 crore.
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NBCC bags order worth Rs.2.31 bn
National Buildings Construction Corporation (NBCC)has secured project management and consultancy (PMC) business of Rs 2.31 billion from IIT, Roorkee. Earlier, the company has been entrusted PMGSY works valued at Rs 12.37 billion in Odisha
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Action Commission needed
So we are at that time of the year again when the Finance Minister will come out with a few carrots and sticks to keep India´s economy chugging along.