Relief for Thika tenancy applicants in Kolkata

Railway Board DG surveys Kolkata Metro stretches

The Director General (Safety) of Railway Board, Braj Mohan Agrawal, conducted an inspection of the Esplanade-Howrah Maidan stretch of the Green Line and the Esplanade to Mahanayak Uttam Kumar stretch of the Blue Line of Kolkata Metro. This was done as part of passenger safety surveillance measures.

Prior to the inspection, Agrawal held a high-level meeting with all principal heads of departments of Metro Railway, in the presence of General Manager P Uday Kumar Reddy, to evaluate various safety measures, according to a statement by Metro Railway.

Apart from the inspection, he ..

Century Plyboards to export MDF to West & South-East Asia

Century Plyboards, a leading player in India's wood products industry, announced its intention to commence exporting its MDF products to West Asia and South-East Asia starting from this financial year. The Kolkata-based company, which currently ships laminates to various destinations including the US, Europe, Australia, West Asia, and South-East Asia, revealed its plans to diversify its export portfolio.

Executive Director of Century Plyboards (India), Keshav Bhajanka, disclosed during an interview with businessline that owing to the operationalization of the Badvel capacity, the comp..

Utilities being shifted to gear Joka Metro Work

The Joka-Esplanade Metro underground tunnel project is under way. To facilitate ramp construction, the Kolkata Municipal Corporation (KMC) began moving utilities after Rail Vikas Nigam Ltd. (RVNL) widened a 400 m section of Diamond Harbour (DH) Road between Mominpore crossing and Mayurbhanj crossing.

RVNL has purchased property from the Command Hospital and moved its boundary wall five metres inward in order to enlarge the road. The officials provided feedback on the project by saying the remaining land would be turned over eventually. But the vital site that would serve as the s..

Shriram Finance Sells Housing Finance Business

Shriram Finance has finalised the sale of its entire 85% stake in the housing finance business to Warburg Pincus for a whopping Rs 46.30 billion. This move marks Shriram Finance's exit from the housing finance sector, signalling a strategic shift in its business focus. The deal, valued at over Rs 54 billion including a stake sale and fresh equity infusion, positions Warburg Pincus as a significant player in the Indian housing finance market.

Shriram Finance's decision to divest its housing finance arm aligns with its broader corporate strategy, aimed at optimising its portfolio and conc..

BMC Finds 188 Dilapidated Buildings in Mumbai

The Brihanmumbai Municipal Corporation (BMC) has identified 188 dilapidated buildings across Mumbai, with a significant concentration of 47 in the eastern suburbs alone. This move comes as part of the BMC's ongoing efforts to ensure structural safety and mitigate risks associated with ageing infrastructure in the city.

The identification of these dilapidated structures underscores the pressing need for proactive measures to address potential hazards and safeguard the lives of residents. The BMC's focus on monitoring and assessing the structural integrity of buildings reflects its commit..