The engineering exporters' body said country's engineering exports to Sri Lanka witnessed a degrowth of over 90 per cent.
To encourage infrastructure financing, the Reserve Bank of India on Thursday eased norms for non-banking financial companies (NBFCs) to refinance such projects and provide longer repayment tenures.
Additional capital expenditure by the government in infrastructure projects will help the economy grow faster in the first quarter of current fiscal, year industry said on Thursday.
To connect important religious and tourist places between Bhavnagar and Somnath in Gujarat, four road projects worth Rs 2,640 crore have been awarded, the National Highways Authority of India (NHAI) said on Monday.
Japanese conglomerate SoftBank and a number of investors here have shown keen interest in India's "infrastructure growth story", Finance Minister Arun Jaitley said on Sunday as he kicked off his 6-day visit to Japan aimed at attracting investments from Asia's second biggest economy.
Railway Minister Suresh Prabhu on Thursday said the first bullet train will run in India in 2023 heralding a new era in train operations in the subcontinent.
Railway projects worth Rs 10,736 crore were cleared by the government on Wednesday for improving infrastructure in various states, including Uttar Pradesh and Gujarat.
With an aim to achieve zero accidents, Railways has sought more than Rs 1 lakh crore from the Finance Ministry to strengthen the tracks and for upgradation of the signalling system to ensure safe train operation.
Government expects investments worth Rs 25 lakh crore in the infrastructure sector by 2019 which will help generate 4 crore jobs, Union Minister Nitin Gadkari has said.
Sadbhav Infrastructure on Saturday said it has been declared the lowest bidder by the National Highways Authority of India (NHAI) for two of the Authority's projects in Gujarat at a bid price of Rs 1,389 crore.
The country may soon get its very first Infrastructure Investment Trusts (InvITs), with the markets regulator Sebi approving two of the four applications received by it for setting up such entities.
With infrastructure investment trusts (InvITs) failing to catch due attention, market watchdog Sebi (Securities and Exchange Board of India) plans to ease rules, including by reducing mandatory sponsor holding to 10 per cent.
Indian Railway Catering and Tourism Corporation (IRCTC) has launched a new scheme that provides a 50 per cent cash back offer on pre-paid orders having a minimum value of Rs 300, a move set to further boost its e-catering facility.
Union Railway Minister Suresh Prabhu on Sunday said a joint venture company in partnership with the Karnataka government will be set up in three months to take up railway projects.
Taking a step further towards realisation of a bullet train between Mumbai and Ahmedabad, NITI Aayog Vice Chairman Arvind Panagariya, along with Railway Board Chairman A K Mittal and several top bureaucrats, has gone to Japan to discuss a way forward for India's dream project.
Niti Aayog Vice Chairman Arvind Panagariya on Tuesday complimented the Delhi Metro for its "incredible feat" in laying an efficient urban transportation network in the city and said it was one of the key factors that helped "break his pessimism" about India's future.
Toll road firm MEP Infrastructure Developers plans to raise over Rs 1,200 crore from an infrastructure investment trust (InvIT), which it hopes to launch in the last quarter of this fiscal year, a top company official said.
Demand for a comprehensive package for helping the domestic steel industry has been referred to the Department of Financial Services, Union Minister Vishnu Deo Sai said on Wednesday.