Industry News
”6.5 million homes got 100 days employment under NREGA”
Rural Development Minister C P Joshi stated that only 65 lakh households had got 100 days employment under the Mahatma Gandhi Rural Employment Guarantee Scheme . This is although 10 crore people had got job cards when the programme was launched. When NREGA was launched 10 crore people got job cards where of these 4.6 [...]
Cars to become costlier from April on Euro IV emission norms
Cars are set to be expensive even more as leading automakers said they would raise prices of vehicles next month. This is in order to upgrade and make their products Euro IV emission norms compliant. Major automakers including, Tata Motors, Fiat, Hyundai, Mahindra and General Motors plan to increase product prices. This is with the [...]
Jewellery IPOs shine on D-Street; 3 firms raise Rs 526 cr
With 3 firms raising a total of over Rs 526 crore during January-March, the initial share offerings of jewellery houses are shining on Dalal Street. Meanwhile, in the first 3 months of current calendar year, 3 companies in jewellery and allied businesses forayed into the capital market with their initial public offers (IPO). Thangamayil Jewellery [...]
Govt lines up Rs 84K cr hydro projects in north-east
The government firmed up an investment of over Rs 84,000 crore. This is for s the setting up of hydel projects in the north-eastern region of India by 2020 and it will produce 14,000 Mw of electricity. Meanwhile, the Central Electricity Authority (CEA) is expected to give its consent to about 3,000-MW projects in the [...]
Govt approves Rs 217 cr for Visakhapatnam port
The government approved Rs 217.58 crore for the Visakhapatnam port in order to boost its capacity for fertiliser handling by 3.7 million tonnes per annum. The Cabinet Committee on Infrastructure is chaired by Prime Minister Manmohan Singh. He approved the amount for installing mechanized fertilizer handling facilities at Eastern Quay-7 (EQ-7) berth in the inner [...]
Residential demand has picked up: Jones Lang LaSalle
According to global real estate services firm Jones Lang LaSalle, the realty sector is back on the growth track and has weathered the downturn. Colin Dyer, President and CEO of the $2.5 billion NYSE listed firm feels that residential demand has increased. He also said that fresh investments in the key driver of the Indian [...]