Union Minister of Civil Aviation Ajit Singh on December 2 said that India is readying to become the third biggest aviation market in the world by 2020. As per the growth projections, the air passenger traffic is estimated to double by 2019-20, the Minister hoped.
Housing prices have risen in 18 major cities, including Delhi and Mumbai, by up to 9.6 per cent during the October-December period 2012 compared with the previous quarter, according to National Housing Bank (NHB). Mumbai and Delhi witnessed the maximum increase in housing prices at 9.6 per cent each.
India's cement production is likely to rise by 6.4 per cent this fiscal, following an estimated growth of 4.8 per cent in December-March 2013 quarter, Centre for Monitoring Indian Economy (CMIE) has said in its monthly review. CMIE said that cement production is likely to grow by 4.8 per cent between the December-March 2013 period.
During the October-December quarter, JK Cement on February 4 posted a rise of about 25 per cent in net profit at Rs 54.38 crore on improved sales. The Kanpur-based cement maker had clocked Rs 43.52 crore net profit in the corresponding quarter last fiscal, it said in a filing to Bombay Stock Exchange (BSE).
In Mumbai, India's hottest real estate market, property sales registrations rose to a 24-month high in December reflecting the impact of festive season bookings, showed a report from brokerage Prabhudas Lilladher.
According to data from brokerage firms show that real estate companies, battling low volumes and poor cash flows, should see improvement in the December quarter, due to launches and festive sales. The low base of the corresponding quarter of the previous financial year is also expected to help.
Shree Cement's production for December 2012 stood at 9.97 lakh tonne and its dispatches were at 10.20 lakh tonne. The total annual capacity of the company is 135 lakh tonne, Shree Cement said this in an announcement of its operational performance for December, 2012.
Prof SS Chakraborty, Chairman-cum-Managing Director, Consulting Engineering Services (India) Pvt Ltd is giving a full scenario of his company to the author. It is a multi-faceted engineering and architectural services organisation, provides an entire array of solutions to various sectors. Developing infrastructure and working in diverse fields, ranging from urban planning to agriculture, designing ports and bridges to e-commerce, building eco-friendly energy systems to improving health-care services. Current major projects include the Apex Hospital and Medical College, Bhuban-eswar; Videocon E Habitat Centre, Kolkata; IIM, Shillong; NISER, Bhuban-eswar and NIFT Campus, Mumbai. Over the past half decade or so, we have taken successful initiatives to enter the field of infrastructure development as a developer. This has been mainly in the transport and health sectors.