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Punj Lloyd stock’s massive gains gone

Written by Agencies | Mumbai | Published:June 1, 2011 11:35 am Shares of infrastructure major Punj Lloyd fell by over 5 per cent in early trade on the bourses today,reversing their stellar performance in the previous session. Shares of the company saw profit-booking and slid to an early low of Rs 64.60,down 5.2 per cent from the previous close,on...

MHA Joint Secy under CBI scanner for graft

Written by Express News Service | New Delhi | Published:May 25, 2011 12:29 am Hours after the Union Home Ministry ordered repatriation of 1983 batch IAS officer Sada Kant,presently on deputation with the ministry,the CBI said the IAS officer might be arrested for his alleged role in the award of a contract relating to construction of high altitude...

Mohali ISBT to be completed in June,operations to start by December

Written by Nitin Jain | Mohali | Published:May 5, 2011 1:52 am The wait for the first-of-its-kind 18-storied air-conditioned Inter-State Bus Terminal (ISBT)-cum-commercial complex at Mohali will soon end,with the first phase of Rs 500 crore mega project slated to be complete in June. However,ISBT will start operations by the year-end. Coming up on 6.6 acres site in Sector...

Global hockey stadium likely to miss its deadline of August 15

Written by Nitin Jain | Mohali | Published:May 4, 2011 1:03 am The way work is in progress on the ground to construct an ultra-modern international hockey stadium in Mohali,the August 15 deadline for its completion is unlikely to be met. While the snail’s pace of work on Sports Complex site spread over 28 acres,which was lying abandoned...

Tourism Ministry offers Rs 5 cr grant for multi-level parking lot

Written by Khushboo Sandhu | Chandigarh | Published:May 3, 2011 2:03 am With the proposals for construction of multi-level parking lots in the markets in the city not having taken off years after these were mooted,the Ministry of Tourism has now offered a grant for facilitating the setting up of a parking lot. While vehicular traffic in the...

SC halts work at 19 K’taka mines

Written by Express News Service | New Delhi | Published:April 30, 2011 3:57 am Related NewsAutomated electric vehicles will replace petrol and diesel cars by 2025: Stanford economistFully automated passenger-carrying drone to fly in DubaiCentre, states to brainstorm on making mines auction a success The SC on Friday stayed mining at 19 mines in Karnataka. The ban includes transportation...

Govt relaxes forest rule for infra projects in Naxal areas

Written by Amitabh Sinha | New Delhi | Published:April 29, 2011 1:25 am Making further concessions for creating public infrastructure in Naxalite areas,the government on Thursday ordered that projects like building of roads,schools or hospitals on forest land would not require clearance under the Forest Conservation Act,1980 as long as the total forest land to be diverted is...

India Inc declares 23 per cent more bonus share issues in FY’11

Written by Pradip Kumar Dey | Mumbai | Published:April 29, 2011 12:11 am Corporate India was more liberal in issuing bonus shares in 2010-11. Around 91 companies gave bonus shares during 2010-11,which is 23 per cent more than 2009-10. Forty five companies announced 1:1 bonus issues during 2010-11 while eleven companies issued 1:2 bonus. In comparison,during 2009-10,32 companies...

Health,education get core sector tag

Written by ENS Economic Bureau | New Delhi | Published:March 12, 2011 2:45 am In a major boost to lagging social sectors,finance minister Pranab Mukherjee categorised health and education as infrastructure sub-sectors and made them eligible for capital subsidy through viability gap funding. “There is a need to further accelerate the creation of infrastructure in this (health and...

Nod to seven railway overbridges in Kanpur

Written by Express News Service | Kanpur | Published:March 4, 2011 3:16 am Union Railway Minister Mamata Banerjee has approved the construction of seven railway overbridges (ROB) in Kanpur. The Railway Budget 2011-12 gave the nod for construction of ROBs at seven locations including Gumti Number 5,Jareeb Chowki,Jaipuria crossing,Gangaghat,Jhakarkatti,Govind Nagar and Dada Nagar. Union Minister for Coal and...

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Keppel-Puravankara Development acquires Metro Cash & Carry India’s land for Rs 405 crore in...

Keppel Puravankara Development Pvt. Ltd. (KPDL), is an associate of Bangalore headquartered and Singapore based Keppel Land, one of Asia’s premier property companies. Ashish R....

Haryana RERA acts tough, notices sent to 52 developers for delays The Haryana...

Officials from the authority said their first priority is completion of delayed projects. Of the 1,150 complaints received in the past year, as many as...

AAI starts shuttle service at Srinagar airport The Airports Authority of India (AAI)...

“Taking note of the inconvenience faced by air travellers at the Srinagar airport, the AAI has, on the instructions of K Vijay Kumar, advisor...

Accidents on Indian Railways reduce in last 12 months Safety comes first, says...

The safety performance review meeting was held by Chairman Railway Board Ashwani Lohani and the meeting was attended by all Railway Board members and...

Monsoon blues hit highway construction Monsoon blues hit highway construction the hardest in...

As a result, the highway construction rate during the April-August period fell to 23.26 km/day from the 25.55 km/day logged during the April-July period...