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Metro Depot for Driverless Trains Planned in Chennai
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
NCLT approves Adani Group's acquisition of Radius Estates
The National Company Law Tribunal (NCLT) has approved the acquisition of Radius Estates and Developers by Bridgeport Realtors, a subsidiary of Adani Group's Adani Goodhomes, through a scheme of amalgamation. This move is a critical part of the resolution plan for Radius Estates, which has been undergoing the corporate insolvency resolution process (CIRP) since April 2021. The scheme, now sanctioned by the NCLT, facilitates the merger of Radius Estates into Bridgeport Realtors. This plan was initially approved by the NCLT in January 2023 as part of a broader strategy to revive and consolid..
Coimbatore: Councillors question drone use for property tax assessment
Several councillors expressed their concerns at the Coimbatore Corporation Council meeting regarding discrepancies in property tax assessments conducted using drones. In response to the queries, corporation commissioner M Sivaguru Prabakaran explained that drones were utilised to identify residential buildings that had been converted into commercial ones, detect plan violations, and spot new buildings that had not been assessed. He added that besides drone surveys, corporation officials would physically measure these properties. He mentioned that the measurement details would be sent to th..
Par panel to review performance of insurance PSUs, solar companies
A parliamentary panel responsible for examining the accounts of central public sector undertakings (PSUs) is set to review the performance of insurance sector PSUs and solar power corporations. The Committee on Public Undertakings (CoPU) is also scheduled to assess the performance of the National Scheduled Castes Finance and Development Corporation (NSFDC). The panel, led by BJP's Baijayant Panda, will additionally evaluate the performance of Sagarmala Development Company (SDCL). Given the government's emphasis on renewable energy as a growth driver, the parliamentary committee has decided..
