169 CRORE PROJECT
MoSPI report shows Rs 3.22 lakh crore cost overrun in India’s ongoing infrastructure projects
Infrastructure projects worth over Rs 150 crore have seen a cumulative cost overrun of approximately Rs 3,21,976 crore. About 1,853 infrastructure projects across 17 ministries were monitored, showing total costs revised to Rs 37,55,803 crore. The Ministry of Road Transport & Highways leads with the most ongoing projects and costs. Approximately 47.21 percent of the total project cost has been spent so far, indicating steady progress.
Delhi vs Mumbai air pollution: Delhi’s air quality deteriorates at slowest pace in 7 years, Mumbai pollution doubles
Delhi has recorded its slowest seasonal deterioration in air quality in seven years, while Mumbai’s pollution has significantly increased. The analysis from Moneycontrol highlights varying patterns of air quality across major Indian cities. Air quality readings indicate that PM2.5 remains the dominant pollutant in both cities. Delhi's Graded Response Action Plan has been activated to curb pollution effectively.
Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India
Indian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index saw a decline, with analysts pointing out critical resistance and support points. Numerous companies disclosed their financial results, showcasing a mix of profits and setbacks for the September quarter. As various firms prepare to announce their quarterly earnings, market participants should remain vigilant over the coming days.
ET Prime Special Series: Multibagger or IBC - Part 81: Momentum in numbers will decide fate of this auto ancillary's stock
A few years back, the important question for this auto ancillary supplier was whether its investments and customer programmes would begin producing enough revenue. Today, the numbers look very different. Annual income has jumped, exports have risen, and a large overseas-linked order has helped deliver a record quarter. How much of the improvement is repeatable, and how much reflects an unusual opportunity?
Transformers & Rectifiers shares surge over 18% as Q2 revenue jumps 61%, order inflows nearly double
Transformers & Rectifiers shares surged over 18% after the company reported a 135% year-on-year rise in consolidated net profit and 61% revenue growth in Q2FY27. Order inflows nearly doubled to Rs 1,169 crore, while its unexecuted order book grew 32% year-on-year.
- Go To Page 1
Institutional investment in housing dips in January-September to $695 mn;office assets inflow up at $2.16 billion: Colliers
Institutional investments in the residential segment in India decreased by 39 percent during January to September. In contrast, office real estate saw a notable growth of 46 percent during the same period. Investments in industrial parks also rose by 15 percent, highlighting increased demand. Conversely, the retail real estate sector experienced a sharp decline, with a 78 percent drop in investments.
SBI Funds Management: Centrum bets on strong franchise, growth runway; initiates Buy with 34% upside
Centrum Broking has initiated coverage on SBI Funds Management with a Buy rating and a Rs 700 target, implying up to 34% upside. The brokerage sees SBI AMC’s extensive distribution network, strong B-30 presence, expanding retail franchise and growing non-MF businesses supporting AUM and earnings growth over the next three years.
Signature Global acquires 194-acre land for Gurugram housing project; eyes Rs 6,000 crore revenue
Signature Global has recently expanded its footprint in Gurugram with major land acquisitions aimed at launching an ultra-luxury housing project. The firm has secured 25 acres completely and partnered with a landowner for another 169.22 acres. This ambitious development plans to create around 6.77 million square feet of residential space, with anticipated revenue ranging from Rs 5,500 to 6,000 crore, reinforcing Signature Global's status in the Indian real estate market.
The rise of asset-backed borrowing in India's credit ecosystem
Asset-backed borrowing is gaining traction in India's credit market, particularly through gold-backed lending, which provides essential liquidity without needing to sell investments immediately. The rise of digital platforms is making these services more accessible and transparent. As borrowers seek flexible and short-term funding solutions, this trend showcases a shift in liquidity management and financial habits that cater to modern needs.
Stocks in news: RVNL, Lenskart, Mazagon Dock, Maruti Suzuki India and Nestle India
Indian equities concluded Friday's session with marginal gains, supported by softer crude prices. Several companies like RVNL and Mazagon Dock are expected to be in focus on Monday. RVNL secured a significant order from East Coast Railway for railway line works. Mazagon Dock plans a substantial investment in a new shipyard project. Lenskart Solutions is anticipated to see a large block deal transaction.
LCC Projects makes strong D-Street debut, listing at 31% premium over IPO price
LCC Projects made a strong stock-market debut after its Rs 427.14 crore IPO. The shares listed at Rs 191.90 on the NSE, a 31.44% premium, and at Rs 189 on the BSE, a 29.45% premium over the issue price of Rs 146.
Final call for IPO investors: 6 mainboard issues including Karamtara Engineering, Steamhouse India, LCC Projects & others close today; check GMP, subscription data
The six IPOs currently open for subscription include Rentomojo, Karamtara Engineering, LCC Projects, Steamhouse India, Manipal Payment & Identity Solutions, and Asset Reconstruction.
How Ather powered past Ola; Apple's first foldable iPhone
Ather Energy has surpassed Ola Electric in sales and other metrics. This and more in today’s ETtech Top 5.
6 mainboard IPOs enter Day 2: Karamtara Engineering, Steamhouse India, LCC Projects & more; check GMP, subscription status
Six mainboard IPOs are in their second day of bidding, with subscriptions closing on September 11. The issues include Rentomojo, Karamtara Engineering, LCC Projects, Steamhouse India, Manipal Payment & Identity Solutions, and Asset Reconstruction. Rentomojo is the largest, aiming to raise Rs 1,255.57 crore.
Rentomojo, Karamtara Engineering, 4 other mainboard IPOs open for bidding. Check GMP & other key details
Six mainboard IPOs, including Rentomojo, Karamtara Engineering and LCC Projects, opened for subscription on September 9. With a combined issue size of over Rs 4,500 crore, investors have multiple offerings to choose from. Here’s a look at the issue sizes, price bands, lot sizes, GMPs and key dates
Rs 7,288 crore IPO confusion as 10 issues available for subscription today. Which one to buy?
The six issues opening on Wednesday are Rentomojo, Asset Reconstruction Co. (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering. Together, they are looking to raise Rs 4,509.68 crore.
IPO flood breaks 30-year record as 6 issues hit stock market on same day
The six issues, Rentomojo, Asset Reconstruction Company (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering, are collectively seeking to raise ₹4,509.68 crore.
5069 sq ft advertised, 3900 sq ft delivered : Telangana RERA orders Rs 20 lakh refund for homebuyer and Rs 98 lakh penalty for builder. Know what happened
As per the sale agreement, the villa measured 5069 square feet, but the builder delivered a 3900 square feet villa and said 30% of the area is open space; Telangana RERA slaps a Rs 98 lakh penalty on the builder and orders a Rs 20 lakh refund for the villa buyer. Laxmi Narayana Jannu and K. Srinivasa Rao, esteemed members of the Telangana RERA gave this judgement.
Glass Wall Systems announces IPO price band for issue opening on September 8. Check details
Glass Wall Systems has fixed its IPO price band at Rs 172-182 per share, with the issue opening on September 8 and closing on September 10. The Rs 60 crore fresh issue and OFS of up to 2.02 crore shares will fund a glass processing unit and general corporate purposes, while the company’s strong order book and position in India’s facade solutions market remain key highlights.
India's installed power capacity projected to surpass 2,000 GW by 2047
India's power capacity is projected to surpass 2,000 gigawatts by 2047, with solar significantly leading this clean energy expansion, reaching over 1,100 gigawatts. Grid-scale storage must increase forty-fold to meet future renewable energy integration needs.
Cabinet clears Rs 13,041 crore rail & road projects; Howrah-Chennai line to be quadrupled
The Union Cabinet approved five infrastructure projects totaling Rs 13,041 crore. Four railway projects will enhance capacity on key eastern and southern routes. These upgrades aim to boost freight movement and passenger train operations significantly. A new highway project in Bihar will improve connectivity to the Nepal border. These developments are expected to reduce logistics costs and create employment opportunities.
Schneider Electric Infrastructure shares tumble 12% after Q1 profit plunges 70% YoY
Schneider Electric Infrastructure shares fell sharply on Monday after Q1FY27 net profit plunged 70% YoY to Rs 12 crore despite a 5% rise in revenue. EBIT also declined sharply, while record quarterly order intake of Rs 915 crore and a 32.7% rise in order backlog offered some comfort.
Cabinet approves four multi-tracking projects worth Rs 11,169 crore
The Cabinet Committee on Economic Affairs has greenlit four railway multitracking projects spanning six states, including Maharashtra and West Bengal, with an investment of approximately Rs 11,169 crore. This initiative will expand the Indian Railways network by about 574 km by 2029, facilitating the transportation of essential commodities like coal and agricultural products.
PM Modi in Karnataka on Monday, to inaugurate Shivamogga airport
PM Modi will also lay the foundation stones of multiple road development projects. The projects, which will be developed at a cumulative cost of more than Rs 215 crore, include construction of a new bypass for Shikaripura Town on NH 766C connecting Byndur-Ranibennur, widening of NH-169A from Megaravalli to Agumbe; and construction of a new bridge at Bharathipura in Thirthahally Taluk on the national highway (NH) 169.
L&T Hyderabad metro losses swell to Rs 916 crore in H1FY21
L&T Metro Rail (Hyderabad), a 100% subsidiary of L&T, built the Rs 18,000 crore project with a concession agreement with the state to operate it for 35 years. The project was delayed due to right-of-way issues and other approvals, leading to cost overruns. The revenue from the project has not matched initial projection and the performance has dragged the overall financial performance of the parent company.
Buy NOCIL, target price Rs 169: ICICI Direct
NOCIL Ltd., incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 2526.32 Crore) operating in Chemicals sector.
JMC Projects shares surge over 7% on bagging Rs 930 crore orders
The stock zoomed 7.28 per cent to settle at Rs 216.70 on the BSE. Intra-day, it surged 10.64 per cent to Rs 223.50.
CCI clears 171 projects worth Rs 1.69 lakh crore
The Cabinet Committee on Investment (CCI) has cleared 171 projects worth Rs 1.69 lakh crore, Parliament was informed.
Load More
