Power Booster

01 Dec 2015 Editorial Team

¨A Diwali gift for investors,¨ in the words of Amitabh Kant, Secretary, Ministry of Commerce & Industry-Department of Industrial Policy & Promotion. The Foreign Direct Investment (FDI) reforms recently announced by the Centre ¨is the biggest bang reform of the government,¨ according to Kant, as reported. The FDI reforms are expected to ease norms across 15 sectors including defence, banking, construction, single brand retail, broadcasting and civil aviation. Kant is on the edge to facilitate faster approvals on most of the proposals, and for this, the government has raised the threshold limit of approval by Foreign Investment Promotion Board from the earlier Rs 3,000 crore to Rs 5,000 crore. Happy news is that the struggling construction sector will be a major beneficiary. This is because radical changes in FDI norms have been brought in, to boost the demand for steel, cement and spur economic activity, by helping to build 50 million affordable houses for the poor. Kant is a man with a mission.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

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IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..