L&T Construction's Heavy Civil Infrastructure Business has bagged a contract worth $1.403 billion (Rs 8,250 crore) from Riyadh Development Authority for a metro project in Saudi Arabia.
Category: ECONOMY & POLICY
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L&T bags Rs 8,250-cr order from Saudi Arabia
L&T Construction's Heavy Civil Infrastructure Business has bagged a contract worth $1.403 billion (Rs 8,250 crore) from Riyadh Development Authority for a metro project in Saudi Arabia.
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Infra projects in North East
Planning Commission was directed to convene a meeting of all the chief ministers of the north-eastern states to expedite key infrastructure projects. The meeting is intended to improve inter-state coordination for speedy completion of the projects.
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BSNL needs Rs 40,000 crore in 5 years
BSNL in an estimate said that it needs to invest around Rs 40,000 crore in the next five years to become profitable. In order to retain its market share, BSNL is required to provide 182 million connections by 2017-18,
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Policy stimulus to real estate sector to continue: Minister
Union Minister for Housing & Urban Poverty Alleviation Girija Vyas has stated that the government will continue to play a pioneering role in providing policy stimulus to real estate sector. She was delivering her key note address on the theme of 'Reality Favours the Brave –Surviving Against All Odds' at the 13th National Convention of of Confederation of Real Estate Developers’ Associations of India (CREDAI) at Moscow on July 27. She exhorted the realty sector to come forward to supplement the G
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PSUs invest Rs 1.2 trillion in FY13
Speaking at the annual general meeting of the industry chamber Associated Chambers of Commerce and Industry (Assocham), Prime Minister Manmohan Singh said major state-run firms invested about Rs 120,000 crore in 2012-13. He said this to dismiss the popular notion that public sector undertakings (PSUs) werenÂ’t investing despite sittin
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FIIs show interest in deploying capital
Foreign investors are showing strong interest in deploying capital on the Indian debt instruments as is evident from the recent auction of quotas to them. Foreign investors bid for quotas to invest in Rs 259.05 billion ($4.34 billion) worth of debt, while
only Rs 236.61 billion worth of debt was on offer, media repo
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Icra revises down economic growth forecast for FY14
The Indian economy may grow 0.40 percentage points lower at 5.4-5.6 per cent during 2013-14 compared to the earlier forecast, ratings agency Icra said. The agency revised down the economic growth estimate citing weak economic environment and rupee
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Minister hopes 6% GDP growth in FY14
Finance Minister P Chidambaram expressed hope that the Indian economy may expand at 6 per cent or slightly more during 2013-14. This is higher than the 5 percent growth registered in 2012-13. Speaking to reporters, the minister also expressed hope that the Parliament would pass the real estate regulator and land acquisition bills in its monsoon session
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UP govt permits mixed land use in residential colonies
Commercial use of properties in residential areas is going to be allowed by the Uttar Pradesh government. The government, till now, was not allowing the use of residential areas for commercial use under the housing and urban planning act. The new provision is proposed in the new housing policy which the State government is set to put in place.