Ajay Aneja, AJAX: Construction is poised for good growth in FY22

PM Launches Projects Worth Rs 120 Billion in Bihar, Bengal

Prime Minister Narendra Modi is set to visit Bihar and West Bengal tomorrow to inaugurate and lay foundation stones for development initiatives totalling over Rs 120 billion, the Prime Minister’s Office (PMO) announced.In Motihari, Bihar, Modi will launch projects worth Rs 72 billion across rail, road, rural development, fisheries, and IT. A major highlight is the Rs 40.8 billion Darbhanga–Narkatiaganj rail doubling project. The Prime Minister will also inaugurate highway upgrades like the Parariya–Mohania four-lane road and the Sarwan–Chakai two-lane stretch, improving Jharkhand conne..

Nagpur to Roll Out 150 New E-Buses Under PM Scheme

Nagpur is gearing up to bolster India’s electric mobility drive with the planned induction of 150 new electric buses under the PM e-Bus Seva Yojana. While the complete fleet is yet to arrive, trial units from JBM Auto have already reached the city and are undergoing test runs on key routes.Municipal Commissioner Dr Abhijeet Chaudhari recently inspected one of the buses and issued firm instructions prioritising technical reliability, safety, and punctual service rollout. Each 9-metre AC bus features fast charging, hydraulic ramps for differently-abled passengers, 25 seats, six CCTV cameras, a..

Schneider May Buy Rs 83B Stake From Temasek in India Arm

Schneider Electric SE is reportedly in talks to acquire the remaining 35 per cent stake in its Indian joint venture from minority partner Temasek Holdings Pte for around USD 1 billion (approximately Rs 83 billion), according to sources cited by Bloomberg.The transaction would value Schneider Electric India Pvt Ltd at about USD 5 billion (around Rs 415 billion), including debt. While discussions are ongoing, there is no guarantee that a final agreement will be reached.Temasek has been evaluating several exit options, including a direct stake sale to Schneider or a third party, or through an ini..