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Construction

TCS to help Skanska become a more digitally advanced construction company

TCS to help Skanska become a more digitally advanced construction company Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has been selected by Skanska, one of the world’s leading project development and construction groups, as a strategic partner to help achieve its ambition of becoming the most digitally advanced company in the construction industry. As a part of this multi-year partnership, TCS will leverage its...

Maharashtra: Best time to buy a property is now

Maharashtra: Best time to buy a property is now Undoubtedly, the stamp duty cut announcement by the Maharashtra Government has proved to be a game changer in reviving the real estate sector in the state. The results of this slash were seen immediately with Mumbai recording registrations that increased significantly whereas Pune’s property market too witnessed healthy green shoots which brightened the scope for increased real estate sales in the...

BEML bags orders from Cameroon & Bangladesh

BEML bags orders from Cameroon & Bangladesh BEML Limited, a ‘Schedule A’ company under the Ministry of Defence (MoD) received export orders from Cameroon and Bangladesh under Government of India-Lines of credit. The order for Cameroon has been received from Ministry of Economy, Planning & Regional Development (MOEPRD), Government of Cameroon for supply of 71 units of construction equipment consisting of Bulldozers, Excavators, Wheel Loaders, Motor graders and Compactors for their...

Godrej Properties raises Rs 3,750 Cr at Rs. 1,450 per share through QIP

Godrej Properties raises Rs 3,750 Cr at Rs. 1,450 per share through QIP Mumbai-based real estate developer Godrej Properties today announced that it has raised Rs. 3,750 crore through the QIP route. The company saw a strong mix of investors with nearly 90% of the book being allocated to long only investors. GPL’s largest existing external shareholder, GIC, strongly backed the QIP with an investment of USD 110 million while the...

MBCC Group acquires Bluey Technologies

MBCC Group acquires Bluey Technologies MBCC Group, one of the leading suppliers of construction chemicals and solutions worldwide, signed a purchase agreement to acquire Bluey Technologies. The transaction was closed simultaneously with the signing. The acquisition will enhance MBCC Group’s portfolio of construction chemicals and services for the infrastructure market, whereas Bluey Technologies’ customers will benefit from the broad portfolio under the Master Builders Solutions brand.  Based in Sydney, Australia, Bluey...

NHAI creates record by constructing 25.54-km road in 18 hours

NHAI creates record by constructing 25.54-km road in 18 hours National Highways Authority of India (NHAI) has recently completed development of a 25.54 km single lane stretch of road in just 18 hours, creating a world record. This took place during the 4-laning work on the Solapur-Vijapur highway. Road Transport and Highways Minister Nitin Gadkari took to social media to share the news and confirm that the achievement will be recorded...

bauma CONEXPO INDIA cancelled for 2021

bauma CONEXPO INDIA cancelled for 2021 bauma CONEXPO INDIA, the international trade fair for construction machinery, building material machines, mining machines, and construction vehicles will not take place this year due to the organizers’ concerns around exhibitors’ ROI, uncertain international participants’ turnout, and safety protocols. “The decision to not hold North India’s leading trade fair bauma CONEXPO INDIA comes after deliberations with stakeholders and a comprehensive study of the market in...

Construction equipment industry lauds Union Budget 2021

Construction equipment industry lauds Union Budget 2021 Construction equipment industry lauds Union Budget FY21-22 for its bold attempt to address the huge disruption caused by the pandemic. Despite the backdrop of the huge fiscal deficit of 9.5 % for FY21 and an estimated deficit of 6.8 % in FY22 the government has outlined robust measures to boost health care infrastructure, focus on infrastructure development, power sector reforms, promoting innovation and...

Will indirectly help boost the housing demand: NAREDCO Maharashtra

Will indirectly help boost the housing demand: NAREDCO Maharashtra The Government has put their best efforts to put the economy back on track after the adverse effects of Covid-19 pandemic that the entire country went through. It has focussed a lot on infrastructure in this budget. This will indirectly help boost the housing demand especially in the Tier II and Tier III cities. The Government's decision to further infuse Rs. 20,000...

A pro-infrastructure and investment Budget: JLL India

A pro-infrastructure and investment Budget: JLL India Given that the economy is well on its path to recovery, Union Budget 2021 has focused on enhancing expenditure while keeping the fiscal targets at bay in the short term. This Budget focuses on augmenting infrastructure with a special focus on expediting urban infrastructure projects which will act as a strong catalyst in driving real estate in urban areas. There is also a...

Union Budget 2021 LIVE Updates

Union Budget 2021 LIVE Updates Finance Minister Nirmala Sitharaman is presenting the Union Budget 2021. Here are the key highlights: #Budget2021 proposals rest on six pillars Health and Well-Being Physical and Financial capital and infrastructure Inclusive Development for Aspirational India Reinvigorating Human Capital Innovation and R&D Minimum Govt., Maximum Governance LIVE Updates: Time 11.52 New Centrally Sponsored Scheme #PMAatmanirbharSwasthBharatYojana to be launched, outlay of Rs 64,180 crore over 6 years LIVE Updates: Time 11.55 Jal...

PFC to launch ₹5,000 crore public NCD issue 15 Jan

PFC to launch ₹5,000 crore public NCD issue 15 Jan Power Finance Corporation Limited, is one of the leading financial institutions in India, focused on the power sector will open its Rs 5,000 crores public issue of secured, redeemable Non-Convertible Debentures on January 15, 2021. The base Issue size is Rs. 500 crores with an option to retain oversubscription of up to Rs. 4,500 crores aggregating up to 5,000 crores...

Govt identifies new routes for waterways

Govt identifies new routes for waterways The Ministry of Ports, Shipping and Waterways (MoPSW) has MoPSW has identified Domestic locations namely Hazira, Okha, Somnath Temple, DIU, PIPAVAV, Dahej, Mumbai/JNPT, Jamnagar, Kochi, Ghogha, Goa, Mundra and Mandvi and 6 International routes, connecting 4 international destinations namely Chattogram (Bangladesh), Seychelles (East Africa) Madagascar (East Africa) and Jaffna (Sri Lanka) from Indian major coastal port towns for the commencement of ferry services through...

Encourage green buildings through tax incentives: Vice President

The Vice President of India M. Venkaiah Naidu appealed to the Finance Commissions and local bodies to encourage green buildings through various measures including tax incentives. He also wanted all states to create online portals to provide single window clearance to green buildings. Virtually inaugurating the 12th GRIHA (Green Rating for Integrated Habitat Assessment) Summit, organised by the GRIHA Council from Hyderabad to, the Vice President said that there is...

PM unveils key projects in Gujarat

Prime Minister Narendra Modi unveiled various developmental projects in Gujarat.These projects include a desalination plant, a hybrid renewable energy park, and a fully automated milk processing and packing plant. The Chief Minister of Gujarat was present on the occasion. Speaking on the occasion, the Prime Minister said one has to keep up with the changing times and embrace global best practices. He lauded the farmers in Kutch in this regard,...
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