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Category Archives: Banking & Finance

NRI works on US$2bn green projects

EV part of Smart Group’s Conscious Capitalism Singapore-based NRI Bhupendra Kumar Modi is implementing US$2 billion worth of projects in India, focusing on green initiatives such as electric vehicles (EVs) and healthcare centre.

World Bank

Indian reforms bearing fruits

2018-19 GDP at 7.4%; 2025: US$5trn economy India expects gross domestic product (GDP) growth of 7.4% in 2018-19 as the economy has turned in a resilient performance in 2017-18, gaining from reforms.

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BHEL wins Ramagundam order

Turnkey R&M work on thermal station In the face of stiff International Competitive Bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has secured an order for the renovation and modernisation (R&M) of Electrostatic Precipitators (ESP) at Ramagundam Super Thermal Power Station (STPS).

Diu gets closer to Smart City Dream

Rajnath Singh lays foundatinon of projects Home Minister Rajnath Singh said the Union Territory of Diu, an island of Portuguese cultures off Gujarat, is on the way to soon emerge among the league of Smart Cities, to be rated among the top 10 in the

Nitin Gadkari

Delhi-Mumbai highway alignment announced

Gadkari gives update on highway projects Minister of Road Transport and Highways, Nitin Gadkari, has announced development of a new highway alignment between Delhi and Mumbai.  A sum of one lakh crore rupees will be spent on this expressway, said the Minister.

Work starts on tourism project in AP

ITDC works on DRP for three-stage implementation   Work has started on Detailed Project Report (DPR) for a Rs.550 crore Mega Tourism Destination project at Bhairav Lanka in Kakinada, East Godavari District of Andhra Pradesh.

NHAI awards Yagyi-Kalewa highway contract

JV to undertake project on EPC mode   The National Highways Authority of India has signed an agreement for upgradation of Yagyi–Kalewa section of highway (Milepost 40/0 to Milepost 115/5) in Myanmar to two lane with earthen shoulder.

AIIB

AIIB’s US$140M loan for MP people

Project to stimulate MP economic development The Asian Infrastructure Investment Bank (AIIB) in a Meeting held recently in Beijing has approved US$140 million loan which will benefit approximately 1.5 million rural residents in Madhya Pradesh.