News Result

Railways gets Rs 2,600 crore for revamp of 19 stations.

    | October 19, 2018

The Indian Railways is on track to kick-starting redevelopment of 19 railway stations in the country to world-class standards, having secured a Rs. 2,600-crore credit line from its financing arm for the purpose. The Indian Railway Stations Development Corporation (IRSDC), the nodal body for stat

VMware to add people, invest $2 b in India over 5 years.

    | October 19, 2018

Dell’s largest and fastest growing subsidiary VMware, will invest $2 billion in India to boost its R&D and employee strength over the next five years. VMware, which has over 5,000 employees in Bengaluru and Pune, plans to expand its base as it taps into Indian talent and business opportuni

GVK to revamp airports business.

    | October 19, 2018

GVK Power & Infrastructure Ltd. plans to raise up to Rs. 8,000 crore by divesting a stake in its airports business and other verticals. Also in the offing are an IPO and the merger of its airports arm, GVK Airport Developers Ltd. (GVKADL), with Bangalore International Airport Development Ltd. (BIADL

ONGC, Bharat Petroleum offer to desilt water channels

    | October 19, 2018

Oil and Natural Gas Organisation (ONGC) and Bharat Petroleum have offered to fund desilting 213 km of irrigation channelsin Papanasam, Kumbakonam and Thirvidai Maruthu taluks in the district under their corporate social responsibility initiatives. ONGC had given Rs 1 crore for the desilting proj

Panaji power infrastructure project gets bids from four firms

    | October 19, 2018

The state government has formed a committee to evaluate the bids received for the tender to shift all overhead power cables underground along with installation of smart electricity and lighting poles in the state capital and Ribandar. After Imagine Panaji Smart City Development Limited (IPSCDL) f

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Magenta Power installs India’s first EV billing meter in Maharashtra

    | October 19, 2018

Magenta Power has launched India's first EV billing meter in Mahasrashtra with the support of state government and the MAITRI program on Tuesday. The installation of these billing meters will be done by Maharashtra State Electricity Distribution Company Limited (MSEDCL), as per the company releas

NBCC inks pact with govt for Niger project, to work as PMC.

    | October 17, 2018

State-owned NBCC has signed a Memorandum of Understanding (MoU) with the ministry of external affairs to construct Mahatma Gandhi International Convention Centre (MGICC) at Niamey, Niger, the company said in a statement. As a construction partner, NBCC will work as a project management consultanc

Tractor manufacturer TAFE to expand production capacity in two plants.

    | October 17, 2018

Tractor and Farm Equipment (TAFE), India’s second-largest tractor manufacturer, is expanding its production capacity across two plants - Bhopal and near Bengaluru. The company also hinted that it will recast its international strategy given the volatility, country-specific local issues and tr

Shalimar Paints lays down the foundation of its Nashik manufacturing plant with a planned monthly capacity of 2,180 kilolitres.

    | October 17, 2018

Marking another major milestone in its century-long growth journey, Shalimar Paints, India's leading and most iconic paint manufacturer, has laid down the foundation of a manufacturing unit to be rebuilt in Nashik, Maharashtra. Set to commence operations by April 2019 with a planned production ca

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Lemon Tree Hotels Ltd. signs license agreement for 70 room property near BKC, Mumbai.

    | October 17, 2018

Lemon Tree Hotels Ltd. has signed a License Agreement for a 70 room property located near BKC, Mumbai under the Company's brand 'Lemon Tree Hotel'. The Hotel is expected to be operational by June, 2019. Carnation Hotel Private Limited, the hotel management arm of the Company will be operating and

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