Indian steelmakers on Wednesday said the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi would give a quantum jump to economic activities in the country and boost the ambitious Make in India programme
Coronavirus Outbreak: Pandemic to hit investments up to 30% in construction-related projects, says KPMG
Construction-related GVA and employment are expected to reduce between 15 to 34% and 11 to 25% respectively when compared to pre-crisis projections for FY21, it said on Friday.
FICCI suggests resuming operations of downstream industries to minimise COVID-19 impact on cement sector
Industry body FICCI on Tuesday suggested the government to resume operations of downstream industries like real estate and construction of roads and highways to minimise the impact of COVID-19 pandemic on the cement sector
Coronavirus Lockdown: Realtors start construction in Gurugram, waiting for permission in Noida, Gr. Noida
Construction activities have resumed in some real estate projects in Gurugram with existing labour force, but builders in Noida and Greater Noida are waiting for permission from the local administration, according to industry bodies
Coronavirus Lockdown: ICRA expects GDP to contract by 20% in June quarter; 2% fall in current fiscal
After the government announced graded relaxations in the lockdown, domestic rating agency ICRA on Monday estimated that the country's GDP might contract by as much as 20 percent in the June quarter and is expected to overcome some lost ground in the remainder of the year but still close 2020-21 down by up to 2 percent
Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers
Union Minister Nitin Gadkari on Wednesday exhorted real estate players to sell unsold housing units, even at no-profit-no-loss, to boost their liquidity condition and save interest cost on loans
Infrastructure company Larsen & Tourbro on Friday said its buildings and factories business has bagged significant orders worth up to Rs 2,500 crore from domestic clients
Coronavirus Outbreak: Govt allows fresh exemptions for lockdown period, includes construction in rural areas, sanitation work
In a communication to all States and Union Territories, Union Home Secretary Ajay Bhalla also said collection, harvesting, and processing of minor forest produce, non-timber forest produce by Scheduled Tribes and other forest dwellers in forest areas were also allowed to be carried out during the lockdown which will last till 3 May.
Lockdown: Realtors hail govt move to allow construction with limited labour force, say raw materials availability an issue
The real estate industry on Wednesday said the government''s decision to allow construction on those projects where labourers are already available on sites will solve the problem of migrant daily wage workers but said availability of raw materials may be an issue
Shares of Larsen & Toubro on Monday advanced nearly 7 percent after the company said its construction arm has won "large" water management orders in Karnataka
Ratings agency ICRA has maintained a negative outlook for the construction sector for the near term, with revenues and order flows being significantly impacted in Q1 of the current fiscal due to the COVID-19 crisis
Coronavirus Outbreak: Narendra Modi asks corporates to maintain production lines of essential commodities, prevent black marketing
Prime Minister Narendra Modi on Monday asked Indian companies to maintain production lines of essential commodities and ensure there is no hoarding as well as black marketing in the wake of the country fighting the coronavirus outbreak
Akshay Indikar dreams in Marathi: 'I believe I can reach out to audiences with films made in my mother tongue'
Akshay Indikar, who hails from Solapur and belongs to the Gondhali nomadic tribe, doesn't consider Marathi as being a stepping stone to Hindi or English. He believes he can reach out to people in this language.
Engineering and construction major Larsen & Toubro (L&T) on Wednesday posted a 15 percent rise in its consolidated net profit at Rs 2,560.32 crore for the quarter to 31 December, on the back of higher income
Economic slowdown fallout: GDP growth estimated to drop to 5% in FY20 on deceleration in manufacturing sector
The Indian economy is estimated to grow at 5 percent in 2019-20 as against 6.8 percent in the previous fiscal, according to government data
Lok Sabha Speaker Om Birla on Monday asked real estate developers to deliver apartments to homebuyers on time without compromising on the quality, while stressing on the need to strengthen the sector for faster economic growth and employment generation
Indian real estate companies should partner with Israeli counterparts: Prime Minister Benjamin Netanyahu
Israeli Prime Minister Benjamin Netanyahu on Tuesday asked Indian real estate developers to partner with Israeli counterparts to boost productivity and profitability
The recent reforms ushered in by the government are creating new livelihoods across existing and emerging sectors, with eight segments of the economy alone expected to create over 10 crore jobs by 2025, CII said on Thursday
Infrastructure major Larsen & Tourbo (L&T) on Monday said its construction arm has won a contract for building a major airport
Twelve states failed on job creation despite faster growth than GDP in FY18; Gujarat, Karnataka among top performers: Crisil
Though twelve states grew faster than the nation last fiscal, growth has not been equitable