Page 3 - Development

Shares of Mahindra Lifespace Developers settle with marginal gains

Shares of Mahindra Lifespace Developers pared most of its initial gains and settled with marginally higher on the bourses on Monday. The scrip opened at Rs 541.95 and later rose 2.37 per cent to touch Rs 550.40, its 52-week high level on BSE. However, it shed the gains and ended the day 0.35 per cent higher at Rs 539.55. Similar movement was seen on the NSE as well. The stock opened at Rs 539 and ended the day at Rs 540, higher by 0.78 per cent over its previous close. Meanwhile, the 30-share benchmark index Sensex closed higher by 321.99 points or 0.54 per cent at a three-week high of 60,115.13 points. The company's Managing Director and Chief Executive Officer Arvind Subramanian has said it is looking to acquire new land parcels for business expansion in three focus cities -- Mumbai Metropolitan Region (MMR), Pune and Bengaluru. He highlighted that the company already acquired a land parcel this fiscal that has a Gross Development Value (GDV) of Rs 1,700 crore and the deal pipe

India's development drive

Achieving the goals set for 2047 will require policy interventions

Noida's Supertech twin towers to be demolished on August 28; here's a recap

As the twin tower's demolition date nears, here is a recap of what transpired and the latest developments in the case

Oppn obstructs development, prefer political interests over nation: PM Modi

The prime minister said when the country's democracy was crushed during the Emergency, all major parties came together to save the Constitution.

M&M can beat global competitors at much lower cost of development: MD & CEO

In a Q&A, Anish Shah the valuation for the upcoming EV subsidiary is fair and the company will be rewarded adequately by investors soon

TWCo bags prime South Mumbai property development; expects topline of Rs 700 crore

TWCo, an emerging firm led by Radeka Patil, makes real estate development debut with upcoming luxury residential high-rise at Haji Ali.

Uttar Pradesh failing in key development parameters: Akhilesh Yadav

Samajwadi Party president Akhilesh Yadav on Friday alleged that contrary to claims of development of the Yogi Adityanath government, Uttar Pradesh is lagging behind in several key parameters. Talking to reporters here, Yadav said the BJP government is making tall claims of development in the state, but "everyone is aware of the truth". "Today all figures, whether of primary education or mid-day meal or you look at the data of NITI Aayog, Uttar Pradesh is continuously going down," he claimed. The former chief minister also said that no books have been distributed in primary schools yet. "Leader of the House (Chief Minister Yogi Adityanath) mentioned Akshaya Patra in his speech. I want to know why the job of modernisation of kitchens (in schools) given to Akshaya Patra by our government was taken back?" he asked. Yadav also accused the ruling dispensation in the state of 'attacking' the police. "... In Rampur, police (personnel) were beaten up and intimidated with revolvers. A BJP

Urbanisation and development

The relation between economic growth rate and the degree of urbanisation is mutually reinforcing, as higher economic growth results in high incomes that influence the rate of urbanisation

Govt spent nearly Rs 100 trn on development, social sector schemes in 8 yrs

The numbers posed by the former finance minister fall way short of the mark as development expenditure was nearly four times

Development works will be carried out without bringing in politics: Gadkari

Senior BJP leader and Union Minister Nitin Gadkari on Saturday said that development works, be it in Maharashtra or India, will be carried out without bringing in any kind of politics. Speaking at the inauguration ceremony of two National Highway projects in Sangli, the Union transport minister said he considers himself an "ambassador of Maharashtra" and feels that the state should emerge on top in the country. "In the last seven years of my tenure, I got an opportunity to execute development works worth Rs 5 lakh crore in Maharashtra. I was in port, shipping, water resources, MSME and road transport (as a minister), but I always considered myself an ambassador of Maharashtra and feel that the land of Chhatrapati Shivaji Maharaj should prosper and flourish," Gadkari said. If any state should emerge as number one, it should be Maharashtra, he said. The minister further said that development works will be carried out without bringing in any politics and assured that the demands put .

Govt to soon appoint three independent directors on NaBFID board

With the appointment of three independent directors, sources said, the formation of full board would be completed

Will implement SEDP from 2022-23 fiscal: Mizoram CM Zoramthanga

The SEDP is the flagship programme of the Mizo National Front (MNF) government

China developers stare at a $197-bn problem as debt and wages pile up

The industry will need to find at least $197 billion to cover maturing bonds, coupons, trust products and deferred wages to millions of migrant workers

Project development cells in 29 depts to fast track investment: Govt

The cells enhance the pipeline of investible projects in India, it said

Rajasthan CM inaugurates projects worth over Rs 1,100 crore

He said the state government intends to connect the deprived and the poor with the mainstream

Odisha approves Rs 5,192 crore worth industrial infrastructure projects

The four new industrial infrastructure development projects were approved at the inter-departmental coordination committee meeting

ADB approves Rs 2,645-crore loan to improve urban services in India

The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and improved sanitation

Discussing development ideas with states, says NITI Aayog's Rajiv Kumar

"This is a part of our effort at cooperative federalism that we want to visit and engage with all states," Kumar said

Cooperative model best suited for development of India: Amit Shah

Shah said taking development to all and making it work in a country with a population of 130 crore is a difficult job

Tamil Nadu govt signs 59 MoUs for projects worth Rs 35,208 crore

Such initiatives gives job opportunities to 92,420 people, the government said