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Karnataka Government approves Rs 3.5 tn investments for 1,958 projects

In order to drive industrial development across Karnataka, the Karnataka Government has reportedly approved 1,958 projects with an investment of Rs 3.5 trillion. Karnataka is expected to be the first state in the country in fiscal 2018-2019 in attracting such investments. These projects have the pot..

Britain to develop Pune, Indore, Amravati as smart cities

Britain will collaborate with the state governments and the municipal authorities to develop Pune in Maharashtra.

State Smart

The government has shown great foresight in its ambition to create 98 smart cities - a step in the right direction, but the first step nevertheless. The role of the government and public institutions has been clearly established and the framework is in place.

JCB wins contract for high-speed backhoes

JCB has bagged a $50 mn contract to supply high-speed backhoe loaders to the US army. The High Mobility Engineer Excavators (HMEEs) will be manufactured at the company´s North American plant in Georgia and will be delivered by 2017.

Lodha expects profits from London market

Lodha Group, which has bought two landmark properties in central London in the past seven months, plans to derive about 30 per cent of its annual profit mainly from Britain´s capital in the next 10 years.

Essar Group to sell UK refinery

Essar Group plans to sell the Stanlow refinery in Britain for $600 mn. The company is seeking to raise $500 mn -$600 mn for the plant in the northwest of England. However other plants recently put up for sale in the UK viz, Murco's Milford Haven and the Bankrupt Petroplus's Coryton, have failed to f..

Govt plans Bangalore-Mumbai corridor

Union government plans to implement the proposed 1,000-km-long Bangalore-Mumbai industrial corridor project through the financial assistance of Britain. The proposed corridor would cover districts of Tumkur, Shimoga, Chitradurga, Haveri, Gadag, Hubli, Dharwad, Belgaum and Bagalkot. A National Invest..

Foreign entities bid for mega road project

Thirteen companies, including three foreign entities each from Britain, France and Australia, have evinced interest to bid for country's first mega road project worth Rs 5,700 crore.

BG, ONGC in talks on gas block deal

Oil and Natural Gas Corporation (ONGC)is currently in talks with Britain based BG Group to sell stake in its gas discovery block off the East Coast.ONGC has discovered 3.42 tn cu ft in place gas reserves in the block, of which 1.904 tn cf is recoverable.

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