The airport, which will now be built to handle 20 million passengers, will likely start operations by mid-2020. However, rating agency CRISIL in its report in May-end had said operations are expected to start in 2023.
India's traditional companies are now moving full scale into the renewable and alternative energy space that had been dominated by smaller players over the past decade. Companies such as government-owned NTPC and the Adani and the Tata groups restructured their businesses well in time to become major players in the green space. At the same time, other conventional companies, such as Larsen & Toubro and Reliance Industries Ltd (RIL), which have a presence both in the energy sector as well as myriad other activities - construction, technology and retailing - are tying up with new-age companies to hitch a ride to a greener path.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
While 2017 was a record year for private equity investments in India after $23.5 billion in 660 deals, 2018 too has begun with a bang.
'The F-21's capabilities far exceed all other torpedoes currently in service.'
Mobility company Ola's chief financial officer Swayam Saurabh and chief operating officer Gaurav Porwal are leaving the company. These developments come at a time when the SoftBank-backed company's core ride-hailing unit is planning to go public and for which it raised $500 million from Warburg Pincus and Temasek in July this year. These investment firms had partnered with the company founder Bhavish Aggarwal for this round.
Honed and utilised in-house for over three years, the engineering major's new arm - L&T-Nxt - will focus on AI, IoT, vitual reality and cyber security among other fields of digitisation.
'If (by the end of the deal) the talent that owns the customer relationships is not there, will L&T still get the value it is looking for?'
The layoffs have been done in businesses which are moving slowly due to various reasons including delayed execution
As IT midcap stocks ride high, it has created speculation around a potential bubble with analysts picking the midcaps' client concentration as the biggest concern area.
Given the military's requirement for watertight cyber and communications security, L&T will establish a Security Operations Centre which will deal with security threats.
DRDO plans to build a tank for use in the mountains and in the jungles.
India has over 4,000 medium tanks, but not a single light tank. It remains to be seen whether the Ladakh face-off with China galvanises a change, observes Ajai Shukla.
To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT.
At the bank's current market price, the stake on offer is worth about Rs 5,700 crore
Investor wealth shrunk due to markets crashing on Wednesday.
In line with a weak stock market where benchmark Sensex plunged nearly 300 points, as many as 263 stocks hit their respective one-year lows on BSE on Monday.
Bhogapuram international airport, Ramayapatnam and Bandar ports, the Muktyala lift irrigation scheme and a bridge across the Krishna river are some of the projects likely to be hit.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
Engineering conglomerate fended off three corporate raids but emerged stronger.
After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.
The 'request for proposal' for the indigenous construction of the six submarines will be issued soon, they added.
In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.
As Indian IT service entities mature into multi-billion dollar organisations employing thousands, the pressure has increased on them from clients to identify and solve customer problems than working on predefined parameters.
Fund managers say the recent fall is not going to sustain.
'We cannot understand why the government is facilitating the import of artillery when our indigenous guns are doing so well.'
Indian IT players, over the past few years, have pressed the paddle on re-training of their employees as new technologies take centre-stage.
There is a huge spurt in demand to launch smaller satellites, those as light as 1 kg, with a lifespan of two to three years. But there aren't enough rockets to carry these, reports T E Narasimhan
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
Eight of the 30 companies in the BSE Sensex that shared data reported 99 fatalities in 2016-17 against 86 in the previous year. These lives were lost due to industrial accidents at manufacturing facilities. Fatalities owing to road accidents were excluded from the count.
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
Capital goods stocks rallied nearly 16 per cent since January on purchases by foreign institutional investors and in anticipation of a change of government at the Centre.
Employees of around 150 firms may lose out on PF benefits as their companies failed to get an exemption certificate from the Employees' Provident Fund Organisation (EPFO)
Analysts say lack of strong moves in stocks or sectors contributed to markets moving indecisively.
The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
Stick to export-focussed plays, large-caps, say analysts
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
