Citing the continuing economic slowdown that has impacted their projects, private highway developers are urging the Union government for maximum relief. Road builders like IRB, L&T, Reliance Infra, Ashoka Buildcon and Essel Infraprojects have started 16 premium projects and they want the government to allow rescheduling of annual premium payment.
Tag: economic slowdown
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HDFC wants to open 300 new branches, waits for RBI nod
Adding to its already existing branch network of 3,119, the Housing Development Finance Corporation (HDFC) Bank is to open 300 new branches across India despite the economic slowdown and a sluggish demand for credit. The bank said that the bank is waiting for the approval of the Reserve Bank of India over the new branches and is hoping to strengthen its presence in retail banking.
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Transport Corporation of India Limited Q3 revenues up by 5%
TCI, India's leading integrated supply chain and logistics solutions provider today announced its financial result for the quarter / Nine months ended December 31, 2012. The company's total revenue for the third quarter registered a growth of 5.33% rising to Rs. 491.91 crore from Rs. 467 crore in the corresponding period last year. It has registered a decline in EBITDA margin for the period to Rs. 34.25 crore from Rs. 38.56 crore in the corresponding quarter last year due to prolonged economic s
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Slowdown hits NHAI’s projects in this fiscal
The National Highways Authority of India (NHAI) awarded a whopping 49 projects totalling 7,500 km last financial year. but this fiscal, in the first six months, the authority has managed to award just four projects measuring 560 km. NHAI attributes this situation to economic slowdown.
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Risk appreciation: A work-in-progress
Effective leadership envisions results in the long term, so even exceptional leadership qualities can at best limit the impacts of immediate issues such as economic slowdown, but not much more.
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Power equipment industry
Hurt by economic slowdown and higher imports, the Indian electrical equipment industry’s sales have decreased by 2.4 per cent in the first quarter of 2012-13.