Month: April 2022

Nitin Gadkari inaugurates NH projects of total length of 460 KM worth Rs. 8000 crore and 7 CRIF projects in Hyderabad

NEW DELHI: Union Minister for Road Transport and Highways, Nitin Gadkari inaugurated 12 National Highway Projects of total length of 460 Km worth Rs. 8000 crore and 7 CRIF Projects in Hyderabad in the august presence of Union Minister SG Kishan Reddy, MoS Gen V. K. Singh, Shri Vemula Prashanth Reddy, MPs, MLAs, MLCs and […]

Gainwell Engineering partners with World Coal Association

NEW DELHI: Gainwell Engineering, the manufacturing venture of Gainwell Commosales Private Limited (formerly Tractors India Private Limited), has partnered with World Coal Association to promote sustainable coal mining in India. With this Gainwell becomes only the second organisation in India to have partnered with World Coal Association. According to the Economic Survey 2021-22, Coal demand […]

Essar Ports Vizag Terminal handles the largest dry bulk vessel and records largest parcel in Vizag Port

NEW DELHI: Essar Ports Vizag Terminal Ltd (EVTL), the largest iron ore handling complex in India today said that it has handled the largest dry bulk vessel, and recorded the largest parcel in Vizag Port. On 20th April 2022, the M.V. Star Eleni, a bulk carrier built in 2018, sailing under the flag of Liberia […]

General insurance industry’s GDPI to grow by 10-12% in FY23: Report

NEW DELHI: General insurance industry’s gross direct premium income (GDPI) is expected to grow by 10-12 per cent in the current fiscal on account of rising awareness of medical insurance and improvement in economic activity, says a report. The GDPI of public sector (PSU) insurers is expected to grow moderately at 4-6 per cent, while […]

Omaxe raises Rs 440 crore from Varde Partners to expedite construction, expand business

NEW DELHI: Realty firm Omaxe on Tuesday said it has raised Rs 440 crore from Varde Partners to expedite construction of its existing projects as well as expand business. Omaxe Group is developing integrated townships in New Chandigarh, Lucknow, Ludhiana, Indore and Faridabad. It is also developing a multilevel parking cum commercial project in PPP […]

Shriram Properties to sell 90-acre land to LOGOS for logistics park

NEW DELHI: Shriram Properties Ltd has entered into an agreement with LOGOS for potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara here for an undisclosed sum, officials said. LOGOS intends to develop the land into a modern and sustainable logistics park, offering around 2.2 million square feet of […]

Private equity inflow in realty sector declines 47% to $1 billion in January-March 2022

NEW DELHI: Private equity investment into the Indian real estate sector fell 47 per cent to USD 1 billion during January-March this year compared to the year-ago period, but the inflows jumped over 4.5 times from the previous quarter, according to property consultant Savills India. The PE (Private Equity) inflows stood at USD 1.9 billion […]

British Prime Minister Boris Johnson facing new ‘partygate’ claims ahead of India visit

NEW DELHI: British Prime Minister Boris Johnson is facing new allegations on Monday around partygate, the scandal surrounding government officials breaching coronavirus rules with illegal lockdown gatherings, and will be hoping to escape some of the heat when he leaves for India on Thursday. Johnson has already been fined for one such party, for his […]

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