Infrastructure | The Asian Age

Monday, May 06, 2024 | Last Update : 04:30 PM IST

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Urging Indian Banks to be a part of infrastructure growth story, Union Minister Nitin Gadkari on Friday said there are several foreign direct investors keen on investing in the space.

Nitin Gadkari urges Indian banks to be part of Infra growth story

NHAI inked a pact with the state-owned SBI for a long-term unsecured loan of Rs 25,000 crore.

03 Aug 2018 5:51 PM

Prime Minister Narendra Modi on Friday reviewed the progress of key infrastructure sectors of roads, rural and urban housing, railways, airports and ports.

Narendra Modi reviews progress of infrastructure sectors

The average road length constructed per day in financial year 2017-18 was 26.93 km, compared to 11.67 km in FY 2013-14.

03 Aug 2018 2:56 PM

Growth of eight core sectors expanded to 7-month high of 6.7 per cent in June due to better performance by cement, refinery and coal segments, as per official data released on Tuesday.

Infrastructure growth jumps to 7-month high of 6.7 per cent in June

The previous high rate of growth was recorded in November 2017 at 6.9 per cent.

31 Jul 2018 5:53 PM

As many as 59 mega central sector infrastructure projects, worth at least Rs 1,000 crore each, have reported cost overrun of Rs 1.36 lakh crore, Parliament was informed on Wednesday.

59 mega infrastructure projects get costlier by Rs 1.36 lakh crore

Total original cost of implementation of these projects was Rs 1,49,564.80 crore.

25 Jul 2018 3:58 PM

The Centre would put in place a new model concession agreement (MCA) by August that would guide development of airport infrastructure across the country, including the Rs 20,000 crore mega international airport proposed at Jewar, Uttar Pradesh.

Master document for airport infra development to be out by August

The MCA is being drafted by consultancy firm KPMG and would be out for stakeholder consultations by July end.

17 Jul 2018 11:35 AM

Government has planned to increase the taxes on petrol and diesel cars to release the financial burden on it for incentivising electric vehicle buyers.

Govt to increase tax on petrol, diesel cars to promote electric vehicles

An increase in taxes on petrol and diesel vehicles will boost the promotion of electric vehicles.

12 Jul 2018 1:24 PM

The Indian stock market is expected to remain volatile in the run-up to the general elections due next year and this political uncertainty will limit valuations in the near term as well.

Lok Sabha elections to influence market sentiment, Nifty targets 11,380 mark

The thrust on rural and agricultural economy is a certainty in the election year.

03 Jul 2018 3:42 PM

The BSE Sensex fell 159 points to end at 35,264.41 on Monday on profit booking in recent gainers led by metal, power and infrastructure stocks amid weak global cues. (Photo: AP)

Sensex sheds 159 points on weak global cues, profit-booking

The NSE Nifty also slumped below the 10,700-mark.

02 Jul 2018 4:35 PM

Centre eyes $2.4b from AIIB: Piyush Goyal

“It is a matter of great pride that India is the largest recipient of the $4.2 billion funds disbursed by it,” the minister said.

26 Jun 2018 2:18 AM

Creating infrastructure will need a whopping USD 4.5 trillion investments over the next decade and the cost of the money will be a challenge, interim finance minister Piyush Goyal said on Monday.

Capital cost for USD 4.5 tn infra investment a challenge, says Goyal

The minister, however, said finding the required finance will not be a "deterrence" for the country.

25 Jun 2018 11:15 AM

Bridge occupied by drug addict and stray dog.

Commuters avoid railway bridge ‘full of drug addicts’

Bridge built at Elphinstone was not being used due to same reason.

21 Jun 2018 5:10 AM

We see a very positive scenario for infrastructure segment with extra investment lined in for all areas of core infrastructure such as roads, metro rail, expressway, airports and expansion on existing highways: Nitin Lall

Atlas Copco sees push from infrastructure

The sector is currently dominated by largely local unorganised players and companies from China and South Korea.

18 Jun 2018 1:39 AM

As people who educate and contribute to society, we must make a concerted effort to make our children feel secure and never feel the need of ending their lives over an exam result.

Let’s make our children feel secure. Exam results are not everything

The idea of success and a life led successfully is different in what we call the advanced nations of the world.

13 Jun 2018 12:47 AM

Electric two-wheeler startup Ather Energy on Sunday said it plans to invest Rs 130 crore in the next four years to set up charging infrastructure for electric vehicles (EVs) across major cities in the country.

Ather Energy to invest Rs 130 cr for EV charging infrastructure

The company's own electric scooter - S340 - is expected to be launched soon.

03 Jun 2018 2:22 PM

The government is undertaking projects worth over Rs 2 lakh crore in the North East and J&K as part of efforts to create vibrant infrastructure across the country.

Dreams of vibrant infrastructure taking shape, says Nitin Gadkari

Gadkari holds portfolios such as road transport, shipping, water resources and Ganga rejuvenation.

29 May 2018 6:35 PM

US-based ride hailing platform Uber on Monday said it is working with various government agencies to offer its 'Movement' tool in India to offer traffic-related insights for cities like Delhi, Mumbai and Bengaluru. (Photo: AP)

Uber shares data-driven insight on traffic patterns

The company aims to continue playing a key role in solving urban mobility challenges.

28 May 2018 8:06 PM

As per a recent global staffing report, the Indian staffing market size is estimated to be valued at EUR 3.6 billion.

BFSI, e-comm, infra sectors to add over 1 mn jobs by 2018-end: report

According to report retail sector will create 12,62,120 jobs, construction and real estate will create 1,37,280 jobs.

28 May 2018 2:16 PM

The launch of Wi-Fi hotspots under the rural broadband project 'BharatNet' has seen 190 per cent jump in data usage to 95 terabyte in six months of the service, as per an official report.

Wi-Fi adds wing to BharatNet, data usage jumps 190 pc in villages

Karnataka at present has largest number of GPs where BharatNet infrastructure is used for Wi-Fi choupal project.

27 May 2018 1:40 PM

Smaller towns will drive the growth of the luxury car market in the country, according to BMW Group India president Vikram Pawah.

Smaller towns will drive luxury car market, says BMW India head

The industry will get a fillip with the government focusing on infrastructure development in emerging towns, he added.

22 May 2018 7:31 PM

Investments by private equity and venture capital funds had stood at USD 1.9 billion in the year-ago period.

April sees 23 per cent jump in venture investments at USD 2.4 bn

On the high-value investments, there were eight deals of value greater than USD 100 million in April 2018.

16 May 2018 2:24 PM

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Sunil Gatade