Infrastructure

Udaipur Cement Works inaugurates new cement mill at Dabok plant Udaipur Cement Works Limited (UCWL), a subsidiary of cement major JK Lakshmi Cement Ltd., has announced the inauguration of Cement Mill IV at its Dabok Plant in Udaipur, Rajasthan. The new plant is expected to increase UCWL's production capacity, from current 2.2 million MT to 4.7 million MT. "This expansion not only strengthens our position in the cement industry but also...

ABB India turns half of its manufacturing locations ‘water positive’ ABB India announced that its Peenya campus in Bengaluru has been certified water positive by the Green Rating for Integrated Habitat Assessment (GRIHA) Council. With this, three out of its six manufacturing locations are now ‘water positive’. Their Peenya campus has a water positivity index of 1.05, demonstrating its contribution towards replenishing a much greater quantity of water for the...

BKT Tires partners with 7 IPL teams BKT Tires, an Indian multinational company and a global player in the off-highway tire market, announced its partnership with seven Indian Premier League (IPL) cricket teams for the ongoing season. Alongside its inaugural collaboration with Lucknow Super Giants, BKT reinforces its enduring backing for Mumbai Indians, Kolkata Knight Riders, Punjab Kings, Rajasthan Royals, Sunrisers Hyderabad and Gujarat Titans. Rajiv Poddar, Joint Managing Director of...

Daimler India CV achieves "best-ever sales" in 2023; MY24 BharatBenz trucks to drive growth in 2024 Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler Truck AG  announced that in CY2023 it has achieved record sales and revenue performance. The company’s CY2023 domestic truck and bus sales grew by 39% and revenue grew by 21% over 2022. DICV’s bus volumes doubled in CY2023, growing 107% over 2022. Its cumulative...

Magicrete builds mass housing project in Ranchi using 3D Modular Precast Construction System Magicrete, one of India's leading producers of AAC blocks, construction chemicals, and precast construction solutions, announces completion of "India's first" mass housing project in Ranchi utilizing the 3D Modular Precast Construction System. This project named Ranchi Light House Project, includes 1008 dwelling units, demonstrates cost parity with traditional construction methods while significantly reducing construction time by upto 40%....

Blue Energy Motors' green trucks surpasses 1 crore kms on Indian highways Blue Energy Motors, a green truck manufacturing company, announces a significant milestone as its fleet of BEM trucks crosses the landmark of 1 crore kilometres on Indian roads in various customer applications. “While covering over 1 crore kilometres, Blue Energy Motors has effectively reduced over 3000 tonnes of CO2 emissions, which is equivalent to the environmental benefit provided by...

Mumbai Coastal Road to give fillip to western suburbs realty: Realtors The city that never sleeps is on the cusp of a significant transformation. Maharashtra Chief Minister Eknath Shinde, Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar inaugurated the Mumbai Coastal Road Project (MCRP) and opened 9.5 kilometres of its entire stretch of 10.58 kilometre for vehicular movement, at Worli today in Mumbai. The project, a state-of-the-art expressway stretching along...

CM Shinde inaugurates Vile Parle Flyover Maharashtra Chief Minister Eknath Shinde on Saturday inaugurated the newly constructed Vile Parle Flyover on the Western Express Highway (WEH). The newly inaugurated 2-lane One-way Flyover constitutes a length of 790 m, including the length of the approaches, has been developed to ease the movement of traffic headed towards Bandra from the International Airport T2, thereby preventing traffic congestion on the WEH. Commenting on this,...

Domestic steel consumption could decelerate to 7-8% in FY2025: ICRA Elevated input costs, import pressures, along with softer steel prices expected to sequentially pull down the steel industry’s operating profit margins by 110-115 basis points in FY2025 According to the rating agency ICRA’s latest research note, domestic steel consumption growth is expected to slow down to 7-8% in FY2025 (as against 12-13% in FY2024E), bucking the trend of the previous few...

Maharashtra CM hands over keys of 961 residential flats to Project Affected Persons The Mumbai Metropolitan Region Development Authority (MMRDA) has allotted 961 residential flats to Project Affected Persons (PAPs) through the Airport Slum Rehabilitation Project at Kurla Premier Compound. Maharashtra Chief Minister Eknath Shinde facilitated the distribution of the keys and allotment letters to 10 PAPs on Tuesday. Commenting on the occasion, the Chief Minister said, “Every Project Affected Person...

Cognizant CEO highlights Generative AI’s Power to Shape the Future of Work At the ET Now Global Business Summit 2024, Ravi Kumar S, Chief Executive Officer of Cognizant, delivered a thought-provoking session highlighting the transformative power of Generative AI in shaping the future of work. Ravi emphasized, "Cognizant, a Fortune 500 company with a workforce primarily based in India, is at the forefront of leveraging technological advancements." With a significant...

India's active role on global stage attracts deeper partnerships in defence, aviation, & space: Airbus CEO | GBS In the dynamic landscape of global geopolitics and economic intricacies, India has evolved from a passive observer to an active participant, notably in global affairs and partnerships. Michael Schoellhorn, Chief Executive Officer of Airbus Defence and Space, talked about this partnership at the ET Now Global Business Summit 2024 in a session...

Panvel Bound Flyover at Shil Phata Junction Opens The Panvel Bound Flyover at Shil Phata Junction on NH-48 (Old Mumbai Pune Highway) has been inaugurated by Chief Minister of Maharashtra Eknath Shinde. The flyover spans a width of 24 meters with 3 + 3 lanes, extending for a length of 739.5 meters. The viaduct is 300 meters long, with approach lengths of 271.5 meters (toward Mumbra side - A1) and...

Continental Tires displays fusion of sustainability & strength in mobility solutions at Bharat Mobility Expo Continental Tires held an exhibition of its latest tire technology and mobility solutions with a focus on safety, sustainability, and high performance at the Bharat Mobility Expo 2024 in New Delhi. The event witnessed various domestic and international stakeholders from the auto sector including customers, suppliers and distributors, businesses (B2B and B2C), investors, and other...

ET Now Global Business Summit 2024 | Business Titans and Visionaries to discuss Disruption, Development, and Diversification India Inc. has marked its calendar for the 8th Edition of The Times Group presents ET Now Global Business Summit, an esteemed gathering recognized as one of the largest of its kind in Asia. Set against the backdrop of Taj Palace in New Delhi, India, this influential summit will take place on the...