Articles for tag: Airport, Construction, Crore, Engineering, Enhancing, Expanding, Footprint, Global, Kalpataru, Orders, Projects, Secures

September 12, 2024

Kalpataru Projects secures ₹2,774 crore in new orders, expanding into airport construction and enhancing its global engineering footprint.

Kalpataru Projects International Ltd (KPIL), a leading engineering and construction company in India, has secured new orders worth Rs 2,774 crore. These projects include significant work in Transmission & Distribution overseas and an EPC project for the Airports Authority of India, as well as a Design & Build project for residential buildings in India. Manish ...

September 12, 2024

Market News

Business

HDFC Bank is negotiating to offload Rs 8,400 crore in loans to strengthen finances amid rising credit-to-deposit ratio concerns.

HDFC Bank, India’s largest private lender, is negotiating with global banks like Barclays, Citigroup, and JPMorgan to sell around Rs 8,400 crore (about $1 billion) in loans. This move aims to improve its credit-to-deposit ratio, which has been under pressure due to rapid loan growth compared to deposits. The bank is also in talks with ...

September 11, 2024

Market News

Business

The Union Cabinet allocates ₹14,335 crore to accelerate electric vehicle adoption, emphasizing e-buses and transformative charging infrastructure.

The Indian government has approved two significant schemes to enhance the use of electric vehicles (EVs) with a total investment of Rs 14,335 crore. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) will replace the earlier FAME scheme, focusing on various electric vehicles like two-wheelers, three-wheelers, ambulances, and trucks, and offer incentives ...

September 11, 2024

Market News

Business

Supreme Court to hear Byju’s insolvency case amid creditor disputes and a critical Rs 158.9 crore settlement with BCCI.

The Supreme Court is set to hear an appeal on September 17 from Glas Trust Company LLC, a US-based creditor, regarding the ed-tech firm BYJU’s. This follows a previous National Company Law Appellate Tribunal (NCLAT) decision that paused insolvency proceedings against BYJU’s and approved a Rs 158.9 crore settlement with the Board of Control for ...

September 10, 2024

Market News

Business

IndiGo faces drama as passengers eat on the tarmac; BCAS fines reduced from ₹1.2 crore to ₹70 lakh post-appeal.

IndiGo Airlines has paid a reduced penalty of Rs 70 lakh imposed by the Bureau of Civil Aviation Security (BCAS) following an incident on January 14, 2024, where passengers left an aircraft and sat on the tarmac at Mumbai airport, some even eating food. Initially, BCAS fined the airline Rs 1.2 crore for the breach ...

September 10, 2024

Market News

Business

Lulu Group plans to boost Indian agricultural imports to Rs 15,000 crore, emphasizing organic produce as expansion accelerates globally.

Lulu Group, based in the UAE, is aiming to boost its Indian agricultural procurements to Rs 15,000 crore within the next two years as part of its global expansion. Chairman M A Yusuff Ali announced a special focus on organic products, targeting an initial value of Rs 2,000 crore, which could rise to Rs 4,000 ...

September 10, 2024

Market News

Business

Tamil Nadu’s electronics boom intensifies with Jabil’s Rs 2,000 crore investment, creating 5,000 jobs amid soaring iPhone exports.

Tamil Nadu is becoming a major hub for electronics manufacturing, driven by a significant investment from Jabil Inc., which plans to establish a new facility in Tiruchirapalli. This investment of Rs 2,000 crore will create approximately 5,000 jobs, marking Jabil as the fourth Apple supplier in the state, alongside Foxconn, Pegatron, and Tata Electronics. Recently, ...

September 9, 2024

Market News

Business

Ather Energy aims to raise Rs 4,500 crore for expansion amidst India’s booming EV market, despite widening losses and fierce competition.

Ather Energy, an Indian electric scooter manufacturer, has filed for a ₹4,500 crore (approximately $536 million) initial public offering (IPO) at a valuation of $2.5 billion. This move comes as the company aims to enhance its presence in the booming electric vehicle Market, following the recent IPO of competitor Ola Electric. From the total offering, ...

September 8, 2024

Market News

Business

Next week, four major IPOs, led by Bajaj Housing Finance, seek to raise ₹8,390 crore amid a bustling market landscape.

The IPO Market is gearing up for a busy week, with four major companies, including Bajaj Housing Finance aiming to raise a total of Rs 8,390 crore. Other key players include P N Gadgil Jewellers, Kross Ltd, and Tolins Tyres, all set for subscription between September 9 and 12. This surge in IPO activity aligns ...

September 8, 2024

Market News

Business

Signature Global embarks on a ₹1,144 crore luxury housing project in Gurugram, achieving record pre-sales in mere days.

Signature Global has awarded a construction order worth Rs 1,144 crore to Ahluwalia Contracts for their luxury housing project, ‘De-luxe DXP,’ located in Gurugram’s Sector 37D along the Dwarka Expressway. Spanning 16.65 acres, this ambitious project will feature 1,008 residential units and a total developable area of 28.12 lakh square feet. Construction has already begun, ...