Cement stocks surge as producers raise prices for September

SAIL Chairman Calls for Steel Tariffs

The Chairman of Steel Authority of India Limited (SAIL) has called for the imposition of tariffs on steel imports, citing the need to protect the domestic steel industry from rising competition and price pressures. This recommendation comes amid growing concerns over the impact of cheaper imported steel, particularly from China, which is affecting the profitability and stability of Indian steel producers. The chairman highlighted that the influx of foreign steel has created market imbalances, making it difficult for local manufacturers to compete on both price and volume. India’s steel indus..

314 Housing Projects Face Insolvency

A concerning report reveals that 314 housing projects in Maharashtra are currently facing insolvency, leaving homebuyers in a precarious situation. The projects, many of which are located in Mumbai and its surrounding areas, have been stalled due to financial distress, raising serious concerns about the stability of the state’s real estate sector. These developments have impacted thousands of homebuyers who have invested in under-construction properties, now facing uncertainty about the completion and delivery of their homes. The insolvency issue has prompted calls for stronger government in..

Etihad Rail, RITES Partner for Expansion

Etihad Rail, the UAE’s national railway network developer, has entered into a strategic partnership with India’s RITES Ltd., a leading transport consultancy and engineering company, to bolster the expansion of the UAE rail network. The partnership aims to support the ongoing development of the Etihad Rail network, which plays a crucial role in enhancing connectivity and logistics across the UAE and the wider Gulf Cooperation Council (GCC) region. This collaboration between Etihad Rail and RITES will focus on leveraging India’s expertise in railway engineering and infrastructure developme..