Now, contractors can lease equipment

01 Aug 2022 CW Team

The Greater Chennai Corporation has revised its tender rules for road-cut patch-up work in seven areas allowing contractors to take equipment on lease.

This comes after a report highlighted how the civic body in its tender rules had introduced an ownership clause for equipment worth Rs 2 crore that restricted smaller contractors from participating in improving the key components of logistics, including customs performance, infrastructure quality, logistics service quality, tracking and tracing, timeliness of shipments and Trading Across Border (TAB), tractor or bobcat vehicle and mechanical sprayers.

While these are small work costing between Rs 8 to 15 lakh per project, only smaller contractors below class-three grade participate in it. However, with the ownership clause, only bigger contractors would become eligible to participate. This, the contractors said, favoured bigger contractors.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

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Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..