IL&FS Receives Approval for Sale of J&K Firms to Singapore's Cube

05 Mar 2024 CW Team

IL&FS (Infrastructure Leasing & Financial Services) has secured approval for the sale of its Jammu and Kashmir-based firms to Singapore's Cube. This development marks a significant step in IL&FS's ongoing efforts to divest assets and streamline its operations, while also fostering international collaboration in the realm of infrastructure development.

The nod for the sale signifies the positive reception of IL&FS's strategic divestment plan, which aims to optimise its portfolio and strengthen financial stability. The involvement of Singapore's Cube reflects cross-border interest in contributing to the development and growth of infrastructure projects in the Jammu and Kashmir region.

IL&FS, a key player in the infrastructure sector, has been actively working towards resolving its financial challenges and revitalising its operations. The approval for the sale of J&K firms aligns with the company's commitment to restructuring and creating a more sustainable and efficient business model.

Singapore's Cube emerges as a noteworthy partner in this transaction, indicating international confidence in the potential of infrastructure development in the Jammu and Kashmir region. The collaboration is anticipated to bring in expertise, investment, and innovative approaches, contributing to the overall progress of the infrastructure projects under consideration.

IL&FS's successful progression in the sale of J&K firms to Cube exemplifies the positive outcomes of strategic divestment, paving the way for renewed focus and efficiency in the infrastructure development landscape.

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..

Sinoboom Launches Dual-ETM Smart Technology

Sinoboom recently introduced its Dual-ETM Smart Technology at CONEXPO-CON/AGG 2026, designed to enhance battery endurance and operational efficiency in electric boom lifts.The new technology integrates advanced components that enable real-time optimisation of power usage during equipment operation. By calculating the precise power requirement instantly, the system delivers only the energy needed for each movement, reducing the inefficiencies associated with conventional maximum-demand power systems.The solution incorporates multiple sensors—including pressure, weight, length and level sensor..