Gurugram-based construction firm APCO Infratech has reportedly bagged the contract for construction of the 6.5-km-long Z-morh tunnel in Jammu and Kashmir. The project is expected to provide all-weather connectivity between Srinagar and Kargil
Despite the reduction in repo rate by 50 basis points, the banks have cut MCLR by up to 10 basis points only benefitting the borrowers marginally. Expectations range from 25 basis points to 50 basis points for the next reduction with a mechanism that ensures that the reduction is passed on to the borrowers.
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