AP approves port project worth $2 bn

01 Apr 2016 Editorial Team

The state government in Andhra Pradesh has given in-principle approval to Krishnapatnam Port Company Ltd (KPCL) to set up a floating storage and regasification terminal (FSRT) on build, operate, share and transfer (BOST) basis entailing an investment worth $2 bn. The FSRT will be set up by Malaysian firms including IHSB (Isomeric Holdings Sdn Bhd) and LEPL Ventures Pvt Ltd consortium as they proposed to undertake regasification terminal in Krishnapatnam port through a private funded initiative mechanism to ensure adequate supply of gas to the power and the industrial sectors in the state.

Real Estate

08 Jun 2026

hansgrohe Introduces Avalegra Basin System

hansgrohe has introduced Avalegra, an integrated basin and faucet system designed to combine elegance, innovation and functionality at the washplace. The system brings together spray technologies, durable materials, easy installation and low-maintenance use in one integrated concept.Avalegra features a new parabolic spray integrated into the basin to simplify everyday routines, while the laminar spray in the swivel spout supports comfortable use at the wash basin. Both spray options deliver performance with a water flow of only 5 l/min.The wash basin is made of solid surface material, offering..

Repo Rate Pause Supports Housing Market Stability

The RBI Monetary Policy Committee’s decision to keep the repo rate unchanged is expected to support India’s residential real estate market amid geopolitical pressures, rising oil prices and higher construction costs, according to ANAROCK Group.ANAROCK said the rate pause provides stability at a time when developers are facing supply-side inflation and some Middle Eastern investors have delayed housing purchases due to geopolitical uncertainty. Stable borrowing costs are expected to help buyers and developers manage affordability pressures.According to ANAROCK Research, residential sales de..

BKT Tyres Launches Rider Assistance Programme

BKT Tyres, the tyre mobility brand of Balkrishna Industries, has launched ‘BKT YOU FORWARD’, a 24x7 Journey Assistance Programme for two-wheeler riders across India. The initiative marks the company’s shift from a product-focused tyre brand to a mobility partner supporting customers beyond the point of sale.The programme provides riders with access to a dedicated helpline for unexpected situations such as punctures, breakdowns and accidents. Services include towing, repairs, ambulance, cab and legal assistance, aimed at ensuring mobility continuity and reducing rider anxiety during journ..