[ad_1] Representative image NEW DELHI: Delhi Lieutenant Governor VK Saxena on Wednesday directed the Delhi Development Authority (DDA) to organise single-window clearance camps to expedite the disposal of applications under the Prime Minister-Unauthorised Colonies in Delhi Awas Adhikar Yojna (PM-UDAY). The LG stated that during his visits to unauthorised colonies, he observed the challenges residents…
[ad_1] Representative image MUMBAI: Integrated fund and development management platform Welspun One on Wednesday announced the launch of the country’s largest single-location Grade A warehousing and industrial park at JNPA Special Economic Zone in Navi Mumbai at an investment of Rs 2,700 crore. With an annual throughput capacity of 36,000 TEUs, the facility which is…
[ad_1] Representative image HYDERABAD: In a shot in the arm to the ruling Congress in Telangana in its proposed Musi Riverfront Development Project here, the High Court has directed government agencies to take steps for removal of unauthorised structures in the Full Tank Level or River Bed Zone of the Musi. The court also said…
[ad_1] Representative image RAJKOT: A ceramics company in Morbi was allegedly defrauded of Rs 2.38 crore by an Abu Dhabi importer and its Chennai-based shipping agent. The alleged conspirators imported tiles at Dubai port in Aug 2023, altered the shipper’s details in the bill and thus enabled the cargo to be released without the payment…
[ad_1] Representative image NEW DELHI: Rating agency Icra has revised down its volume growth forecast for the cement industry to 4-5 per cent at 445-450 million tonne for the current fiscal on account of sluggish construction activity. In July this year, Icra had forecast a year-on-year volume growth of 7-8 per cent, expecting a better…
[ad_1] Kansai Nerolac Paints saw its revenue for the June quarter remain flat year-on-year as demand for decorative paints remained muted due to heat wave conditions, a shortage of labour and election activity during the quarter. The century-old paint-maker’s revenue for the quarter fell 1% on year to Rs 2,050.4 crore, while earnings before interest,…
[ad_1] Representative Image NAGPUR: Seven years after part of east Nagpur was selected under the Smart City Mission, nothing much has changed on the ground. Of the over 40 different works undertaken as part of the mega project, the Nagpur Smart and Sustainable City Development Corporation Limited (NSSCDCL) is yet to complete 17-odd works. Now,…
[ad_1] Represebtative image NEW DELHI: Large mall developers plan to shrink multiplex spaces in their future projects as cinemas no longer attract big crowds and generate enough revenues throughout the year. Multiplexes used to generate 10% of the footfall of a mall, which has reduced to 6-7%, forcing the developers to rethink the strategy, industry…
[ad_1] Representative image Hyderabad-based investment management firm JV Ventures and real estate developer Terminus Group will jointly establish a $200 million (about Rs 1,680 crore) hospitality development platform, the two companies said on Sunday. The proposed platform, under the Madison brand, will see equal investment from both partners. The platform aims to focus on the…
[ad_1] Representative image Contracts to buy U.S. previously owned homes rose unexpectedly in October, notching a third straight month of increases, despite high mortgage rates and as inventory of properties for sale continued to build and a healthy job market fortifies the finances of prospective buyers. The National Association of Realtors (NAR) said on Wednesday…