Taking note of Finance Minister P ChidambaramÂ’s suggestion, chiefs of public sector banks (PSBs) and State-owned financial institutions on March 18, banks have begun the process of region-wise stock-taking of new and stalled infrastructure projects. The first meeting of bankers, organised by Canara Bank, was held in Bangalore last week.
Tag: Bangalore
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Bankers begin initiative to move stalled infra projects
Taking note of Finance Minister P ChidambaramÂ’s suggestion, chiefs of public sector banks (PSBs) and State-owned financial institutions on March 18, banks have begun the process of region-wise stock-taking of new and stalled infrastructure projects. The first meeting of bankers, organised by Canara Bank, was held in Bangalore last week.
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Intl Aerospace Manufacturing facility in Bangalore
International Aerospace Manufacturing a 50:50 joint venture of Hindustan Aeronautics (HAL) with Rolls-Royce of the UK, inaugurated its production facility in Bangalore recently.
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Blore’s high-end villa rentals come down
In Bangalore, rentals of high-end villas have dropped over the past year, as leasing deals from the expat community have almost halved and supply of units has increased. Data shared by multiple global real estate consultants and city-based brokers show that rentals for high-end villas have fallen between 25 per cent and 30 per cent in the last one year.
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Minister commissions Gail’s 1,000 km pipeline project
Recently, Union Petroleum minister M Veerappa Moily commissioned the 1,000-km-long pipeline set up by public-sector gas transmission major GAIL to transport natural gas from Dabhol in Maharashtra to Bangalore. Following this, GAIL started delivering gas to its customers in Bangalore through the pipeline. Toyota Kirlo
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Minister commissions Gail’s 1,000 km pipeline project
Recently, Union Petroleum minister M Veerappa Moily commissioned the 1,000-km-long pipeline set up by public-sector gas transmission major GAIL to transport natural gas from Dabhol in Maharashtra to Bangalore. Following this, GAIL started delivering gas to its customers in Bangalore through the pipeline. Toyota Kirlo
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BBMP takes up Magadi Road stretch for asphalting
A stretch on Magadi Main Road in Bangalore is being closed for repairs. The Bruhat Bangalore Mahanagara Palike (BBMP) is taking up asphalting of Magadi Main Road, which is in a bad shape. The stretch between Hunasemara junction and Prasanna Circle will be closed for the repairs.
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BHEL starts steam turbine generator unit in Ethiopia
Government-owned BHEL said it has commissioned its first steam turbine and generator (STG) unit at a power plant in Ethiopia of Africa. The steam turbine generator set of 12 MW capacity has been commissioned at the Finchaa Sugar Factory for the plant's own use, it said.The company said that the plant will supply process steam and power to the sugar factory and the excess power will be supplied to the Ethiopian Electricity Power Company.
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India, US join hands to develop solar energy
An initiative has been jointly taken by India and the United States to develop solar energy through photovoltaic (PV) projects and concentrated solar power (CSP), also known as solar thermal. This comes four months after India experienced one of the worldÂ’s biggest blackouts, which affected more than 680 million people.
Titled ‘SERIIUS’ (Solar Energy Research Initiative of India and the United States), the $50 million project would be conducted by the Bangalore-based Indian Institute of Science
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Govt prepares waste management plan
Karnataka Chief Minister Jagadish Shettar prepared plans to set up a modern and scientific waste management system in Bangalore. The plan, which aims to set up one processing unit in each of Bangalore’s 28 assembly constituencies, aims to decentralize waste processing in the long-term.