The paint sector is seeing heightened competition with the entry of deep-pocketed groups like Aditya Birla and JSW. However, some brokerages see an opportunity in select stocks.
Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
Singapore-based Smitha and Raghavendra Ramachandra made a spontaneous decision to attend the Maha Kumbh. They did not expect what followed.
Tata Group's infrastructure and construction arm, Tata Projects, has bagged the contract to construct the upcoming Noida International Airport at Jewar, in Uttar Pradesh. As part of the contract, Tata Projects will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at the airport, Yamuna International Airport Private Limited (YIAPL) said in a statement on Friday. YIAPL is a 100 per cent subsidiary of Swiss developer Zurich Airport International AG and has been incorporated as a Special Purpose Vehicle to develop Noida International Airport. In 2019, Zurich Airport International AG won the bid to develop the airport.
The Centre and the Shiv Sena-led Maha Vikas Aghadi government in Maharashtra are locked in a tussle over ownership of the land earmarked by the state for constructing the car depot which was earlier planned at Aarey Colony, a green belt in suburban Goregaon.
The Supreme Court on Tuesday permitted the Mumbai Metro Rail Corporation Ltd to pursue its plea with the relevant authority for felling 84 trees at Mumbai's Aarey Colony for constructing train ramps at its car shed project, saying it cannot be "oblivious of serious dislocation" which may be caused in projects involving "large public funds".
Owing the sudden rains, Mumbai's Chhatrapati Shivaji international airport too announced a temporary suspension of flights. While incoming flights have been diverted to other destinations like Goa and Ahmedabad, outgoing flights have been delayed. Airport sources said flights are being resumed in a staggered manner to cope with the rush and it will take some time for normalcy to return.
Observing that the Mumbai Metro has made an attempt to overreach the court's jurisdiction, the Supreme Court on Monday directed it to pay Rs 10 lakh fine within two weeks for felling of trees in Aarey forest beyond permission.
'Granting the country's highest civilian honour to Prime Minister Modi was surprising as it indicated the government was going out of its way to have India as a close partner.'
In their first cabinet meeting held hours after coming to power, Maharashtra Chief Minister Eknath Shinde and his deputy Devendra Fadnavis took the first step towards overturning the previous Uddhav Thackeray-led Maha Vikas Aghadi government's decision of relocating the proposed Mumbai Metro Line-3 car shed from Aarey Colony.
Holding placards, the protesters raised slogans against the new government's proposal to shift the Metro-3 car shed project back to Mumbai's Aarey forest, an 1,800-acre area that is often termed as the megalopolis's 'green lung'.
The prime minister took a ride in the metro train between Zero Mile Freedom Park and Khapri stations with some students. Before boarding the train, he visited an exhibition on the project at the Zero Mile station.
According to the government, the additional chief secretary of the state housing department is designated to sign an agreement with the Union government for the land lease transfer.
She said that the borewell surrounding was completely locked when the rescue teams arrived and added that the police are looking into the matter.
The overall Air Quality Index (AQI) of Delhi stood at 398 at 11 am, worsening from 357 at 4 pm on Friday. It was 354 on Thursday, 271 on Wednesday, 302 on Tuesday and 312 on Monday (Diwali).
Apart from leopards, a wide range of species of flora and fauna is found in the Aarey forest, an 1,800 acre area termed as the city's 'green lung', located in suburban Goregaon and adjacent to the Sanjay Gandhi National Park.
A video purportedly showing controversial Indian Administrative Service officer Puja Khedkar's mother arguing with Metro rail construction workers in Pune has surfaced, days after another clip of her wielding a gun and threatening a group of men went viral.
The city police have started issuing notices under section 149 of the CrPC, prohibiting unlawful gathering at the protest venue in the western suburb of Goregaon, he said.
The government authorities must not lose sight of the fact that the issue at hand was one that concerned the citizens and used public money, the bench said.
In another milestone for the DMRC, driverless train operations on 59-km Pink Line of the Delhi Metro were flagged off on Thursday.
Former India captain and cricket icon Sachin Tendulkar showed his modest side on Monday.
Road awards were muted in Q1FY25. But the pace will accelerate with a bidding pipeline of Rs 1.1 trillion (September 2024), mostly dominated by HAM (Hybrid Annuity Model) projects, which contribute 47 per cent and engineering procurement and construction or EPC projects, which have about 36 per cent share. Hence, infrastructure companies mostly reported revenue decline on a year-on-year (Y-o-Y) basis in Q1FY25.
The MMRCL informed that only clearing of already felled trees will continue at the site.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
Thackeray said not a single tree leaf will be cut till further developments.
Kamal Nath on Thursday took over as Urban Development Minister with an ambitious plan of giving a boost to urban transportation for which he intends to expand Delhi Metro network to make it bigger than its London counterpart by 2017.
'Why has Maharashtra slipped up over the past couple of decades?' 'Not only is this question critical for residents of the state, but given that it accounts for 14% of India's GDP, a faster-growing Maharashtra implies a faster-growing India as well, point out Shishir Gupta and Rishita Sachdeva.
Chopping of trees started on Friday night, hours after the Bombay High Court dismissed petitions challenging Tree Authority's decision to axe trees in Aarey to make way for the rake depot.
The council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent.
'A government whose policies are focused around making the life of ordinary citizens, specially the most deprived sections, richer; a government that prioritises education, health and transport, that doesn't treat its citizens as subjects who must come to it for everything, is rare in our country.' 'When such a government is thrown out, one is left stunned,' notes Jyoti Punwani.
India's steel market is out of step with global trends. Global demand is weak with China at a huge supply surplus to its domestic demand, pushing down global steel prices. India's domestic demand for steel is strong, given the continuing infrastructure push and is likely to accelerate as urbanisation improves, and the auto sector continues to grow alongside the infrastructure push.
Investments worth more than Rs 80 trillion are expected in roads, railways and urban infrastructure between now and FY30 and the supply chains helping to build this core infrastructure are also readying to cash in on the growth. In the first half of the current financial year, orders worth more than Rs 2.6 trillion were tendered in the roads and railways segment alone, according to data sourced from ICRA Ratings and Research. "India's transportation infrastructure sector is in high gear, and we enjoy a sizable share of it," said S V Desai, whole time director and senior executive vice president (Civil Infrastructure) for Larsen & Toubro.
A metallic structure supporting main concrete pillars at Mumbai's under-construction Metro line, in the north-western suburb of Sakinaka, collapsed on Monday night. No one was injured in the incident, which took place at 11.30 pm on Monday night, when work was going on at the construction site of the Versova-Andheri-Ghatkopar metro rail. The incident comes two days after six people were killed when an under-construction pillar collapsed at a Delhi Metro site.
MMRC Managing Director Ashwini Bhide, in a series of tweets, said the activists should accept their defeat in the court "honorably".
'Banks make money because they take the right credit calls. So they need to focus on risk mitigation rather than risk avoidance.'
15 to 25 per cent of property registrations in Mumbai come from redevelopment, with over 3,500 projects approved by May 2024.
State minister Nawab Malik said the Centre has written to the Maharashtra chief secretary, saying the proposed Metro-3 car shed land in suburban Kanjurmarg belongs to it, as he accused the opposition BJP of conspiring to stall the project through the Union government.
A section of the over 50-year-old bridge on the arterial Diamond Harbour Road in south Kolkata collapsed on September 4 in which three people lost their lives.
It is clear that the final phase of Sreedharan's career may have to pay a lot more attention to undoing the damage caused by the accident that took place on his 77th birthday.
'Developers are into profit-making. And there's not too much money in the affordable segment.' 'So, they don't do affordable housing.'
