Budget 2014

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  • IRB Achieves Financial Closure for Rs 1,492-Crore Maharashtra Project

    IRB Achieves Financial Closure for Rs 1,492-Crore Maharashtra Project

    IRB Infrastructure Developers Limited (IRB) on Monday said it has achieved financial closure for its Rs 1,492-crore highways project in Maharashtra.

  • Government Notifies FDI Liberalisation in Railways

    Government Notifies FDI Liberalisation in Railways

    The government on Wednesday notified liberalised foreign direct investment (FDI) norms for the Railways, permitting 100 per cent FDI through automatic route in several areas, including high speed trains.

  • Price Performance of Infrastructure Stocks Other Stories
  • Hindujas May Invest $10 Billion in Infra Projects in India

    Hindujas May Invest $10 Billion in Infra Projects in India

    Hinduja Group is willing to invest $10 billion (Rs 60,000 crore at 1 dollar = 60 rupees) in unfinished power plants and infrastructure projects in India that have been languishing as non-performing assets (NPAs) with banks, to help bring back economy on high growth path.

  • PM Modi to Review Performance of Infra Sector Next Month: Report

    PM Modi to Review Performance of Infra Sector Next Month: Report

    Prime Minister Narendra Modi will review the performance of key infrastructure sectors, including coal and power, in achieving targets at a meeting early next month, an official close to the development said.

  • Security Committee to Clear FDI Proposals in Railway Beyond 49% in Sensitive Areas: Report

    Security Committee to Clear FDI Proposals in Railway Beyond 49% in Sensitive Areas: Report

    The government has imposed certain restrictions on FDI in railways for projects in "sensitive areas" by stipulating that proposals seeking overseas investments beyond 49 per cent will be cleared by the Cabinet Committee on Security.

  • Stringent Disclosure Norms for Infrastructure Investment Trusts

    Stringent Disclosure Norms for Infrastructure Investment Trusts

    Infrastructure investment trusts need to be listed on stock exchanges besides being subject to stringent disclosure norms including detailed provisions for related party transactions and valuation of assets.

  • Industry Welcomes Norms on Realty, Infra Investment Trusts

    Industry Welcomes Norms on Realty, Infra Investment Trusts

    New norms for setting up of real estate and infrastructure investment trusts will help attract more foreign investors to these key sectors and facilitate inflows worth $15-20 billion from domestic and overseas sources, according to industry experts and officials.

  • Sebi Gives Nod to Establishing REITs

    Sebi Gives Nod to Establishing REITs

    The Securities and Exchange Board of India (Sebi) on Sunday approved setting up of real estate investment trusts (REITs), a move that may offer a new source of financing to the country's cash-strapped property developers.

  • Government Says FDI Not to be Allowed in Railway Operations Sector

    Government Says FDI Not to be Allowed in Railway Operations Sector

    A day after the government gave clearance for fully opening up the railway infrastructure segment to foreign investment, Railway Minister D V Sadananda Gowda today made it clear that FDI will not be allowed in the operations sector of the national transporter.

  • Major Ports to Double Capacity in 5 Years: Minister

    Major Ports to Double Capacity in 5 Years: Minister

    Union Shipping Minister Nitin Gadkari on Monday said India's 12 major ports will double their cargo handling capacity to 1,600 million tonnes per annum (MTPA) in the next five years.

  • Cement Firms' Profitability to Go Up in 2014-15: Care Ratings

    Cement Firms' Profitability to Go Up in 2014-15: Care Ratings

    Domestic cement makers' profitability is likely to improve in the ongoing fiscal year (2014-15) on higher realisation due to improved price, CARE Ratings said in a report on Monday.

  • Cabinet Likely to Take Decision on FDI in Railways This Week: Report

    Cabinet Likely to Take Decision on FDI in Railways This Week: Report

    The Union Cabinet is expected to take a decision on relaxing foreign direct investment (FDI) norms in the cash-starved railways sector this week, according to sources.

  • Cabinet Approves Expansion of Highways in Five States

    Cabinet Approves Expansion of Highways in Five States

    The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved four- and six-laning of highways covering over 676 kilometres in Uttar Pradesh, Rajasthan, Delhi, Kerala and Andhra Pradesh at a total cost of about Rs 13,987 crore.

  • LafargeHolcim Unlikely to Dispose Cement Assets in India

    LafargeHolcim Unlikely to Dispose Cement Assets in India

    Lafarge had entered the Indian cement market in 1999 with the acquisition of Tata Steel's cement activity. Followed this the purchase of the Raymond Cement facility in 2001. In 2008, Lafarge acquired L&T's concrete business.

  • GMR Infra to Raise Up to Rs 1800 Cr in Share Sale: Report

    GMR Infra to Raise Up to Rs 1800 Cr in Share Sale: Report

    Indian companies are expected to rush to raise cash from buoyant stock markets in the next few months. Equity markets have rallied this year on expectations that the new government - elected in May - will help spur a rebound in the country's economy.

  • L&T Bags New Orders Worth Over Rs 2,000 Crore

    L&T Bags New Orders Worth Over Rs 2,000 Crore

    The heavy civil infrastructure segment secured orders worth Rs 1,547 crore, which includes an order from Goa State Infrastructure Development Corporation for the design and construction of a cable stayed bridge across river Mandovi at Panaji, the company said in a statement.

  • L&T Bags Rs 2,442 Crore Order From BSNL

    L&T Bags Rs 2,442 Crore Order From BSNL

    The contract is for supply, trenching, laying, installation, testing and commissioning of optical fibre cable network which will establish optical national long distance backbone and optical access routes for the defence network.

  • May Infrastructure Output Growth Slows to 2.3 Per Cent

    May Infrastructure Output Growth Slows to 2.3 Per Cent

    India's annual infrastructure sector output growth slowed to 2.3 per cent in May from 4.2 per cent in the previous month, government data showed on Monday.

  • PNC Infratech Bags Rs 441 Crore Contract

    PNC Infratech Bags Rs 441 Crore Contract

    PNC Infratech Limited has bagged a Rs 441-crore contract from the Ministry of Road Transport and Highways for rehabilitation and upgradation of a 80 KM road on the National Highway 29 connecting Uttar Pradesh.

  • Government Moves to Set Up Industrial Parks With China

    Government Moves to Set Up Industrial Parks With China

    India has moved a step closer to establishing industrial parks with China, the law minister said on Wednesday, as New Delhi looks to rebalance a $40 billion trade deficit with its northern neighbour.

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