A sector struggling to find form is coming to terms with the Supreme Court´s recent salvo. Mining equipment players are seizing every opportunity to grow. ICRA Research estimates that demand for mining equipment from the private sector contracted by 30-40 per cent during 2013-14.
The dispute between HS Narula, Chairman, DSC Ltd, and NHAI over the Delhi-Gurgaon Expressway project seems to be easing with the state government planning to takeover the project from Delhi Gurgaon Super Connectivity Ltd (DGSCL), a company promoted by the DSC Group. The Delhi-Gurgaon expressway is the first project to earn NHAI a negative grant, also called a premium. Although, the expressway was to complete in 2005, it finally opened in 2008
Rating agency ICRA expects cement companies to suffer from strain on their profitability in the coming quarter because of weak demand and the hike in rail freight charges in February 2013. The government announced a slew of measures in the Union Budget 2013-14 to provide a fillip to infrastructure and housing demand such as additional inter
Pressure from ´laggards´ such as iron ore and container segments are expected to continue to hurt the port sector in the near-term, as a revival in cargo volumes is unlikely, according to a report by ICRA, which also gave a weak outlook of the sector.The dip in volumes was the result of the continued stalemate in domestic mining activities.
For setting up a warehouse-cum-showroom in Uruguay, Latin American region to maintain an inventory of Indian handicrafts, India is now going to invest Rs 200 crore. India has already made inroads into Latin America. India's act is an effort to increase handicraft exports to the country other than the traditional markets of US and EU.
Jaypee Group was recently in the news as Abu Dhabi National Energy Company (TAQA) withdrew from the Rs 9,689-crore (enterprise value) deal signed on March 1, 2014 to acquire the former's two hydel power projects in Himachal Pradesh. After this Jaypee Group