October 19, 2014 22:26 (IST)
Tax incentives are key to the success of real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), a senior Securities and Exchange Board of India official has said.
October 13, 2014 23:47 (IST)
IL&FS Engineering and Construction Company Ltd said here on Monday that it has received a contract worth Rs 1,232 crore from the National Highways Authority of India (NHAI) to four-lane the Patna-Gaya-Dobhi section of NH-83 in Bihar.
October 09, 2014 21:42 (IST)
The Competition Commission of India (CCI) has rejected allegations that Aditya Birla group firm UltraTech Cement indulged in unfair business practices in the market of wholesaling of cement.
September 30, 2014 19:31 (IST)
The output expanded 2.7 percent year-on-year in July.
New Delhi | September 24, 2014 15:58 (IST)
The launch of the 44.4-metre, 316-tonne PSLV-C25 which was rocketed into orbit using S139 motor casings including the IRS Type mechanisms for deployment of satellite solar panels were manufactured at L&T's Aerospace Shop at Powai, the company said.
September 16, 2014 23:22 (IST)
Travelling by train, hungry and net connection out of reach? Now, rail commuters can order food by just sending a message.
September 14, 2014 11:15 (IST)
As many as 14 Special Economic Zone (SEZ) developers, including GP Realtors and Navi Mumbai SEZ, have sought more time from the government for implementing their projects.
September 12, 2014 23:36 (IST)
Seeking to push infrastructure development, Prime Minister Narendra Modi on Friday asked his ministers to electronically monitor the progress of projects and directed the Railways to submit a comprehensive plan for encouraging FDI.
September 12, 2014 23:03 (IST)
Ahead of the Maharashtra Assembly polls scheduled for October 15, the Rs 23,136-crore Colaba-Seepz Metro project, which is the single largest infra investment in the megapolis to date, got off to a flying start with nine out of the 14 bidders clearing the eligibility criteria.
New Delhi | September 12, 2014 12:02 (IST)
India plans to launch Rs 2 lakh crores worth of infrastructure projects this year, Transport Minister Nitin Gadkari said on Friday.
September 09, 2014 19:35 (IST)
Lanco will sell 3,000 megawatts of generating capacity assets, V. Sreenivas, chief operating officer at Lanco Group, said in a statement. The company will use the proceeds to reduce its debts of 150 billion rupees, Sreenivas said.
Mumbai | September 09, 2014 17:35 (IST)
Construction and engineering major Larsen & Toubro (L&T) today said it has acquired Denmark-based Ramboll's 50 per cent stake in L&T-Ramboll Consulting Engineers to strengthen its design base in the infrastructure space.
Hyderabad | September 08, 2014 18:18 (IST)
According to the latest annual report of the infra major, the group, which had a workforce of 5,700 by the end of March 2013, cut down its workforce to 4,000 by the end of March this year. By the end of FY12, it had nearly 8,000 employees, the report said.
September 01, 2014 21:59 (IST)
IRB Infrastructure Developers Limited (IRB) on Monday said it has achieved financial closure for its Rs 1,492-crore highways project in Maharashtra.
August 27, 2014 17:12 (IST)
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.
August 25, 2014 17:14 (IST)
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.
August 21, 2014 14:25 (IST)
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.
August 13, 2014 23:09 (IST)
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.
August 10, 2014 18:48 (IST)
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.
August 10, 2014 16:21 (IST)
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.