Page 11 - Infrastructure

Oberoi to Hiranandani, top Mumbai realtors turn to building redevelopment

Tata Realty, the real estate arm of Tata Sons, is also looking to redevelop residential buildings in South Mumbai

Biden's infra Bill hits Senate speed bump, debate slows to crawl

Amendments still on the table include proposals for new cryptocurrency rules and flexibility for states and localities that choose to use some unspent pandemic relief funds for roads and bridges

FM invites Aussie investors to tap opportunities in infrastructure sector

Finance Minister Nirmala Sitharaman on Thursday invited Australian investors to tap opportunities in India's infrastructure sector which needs funding to the tune of Rs 111 lakh crore over five years. Australia is an important partner of India as a strong liberal democracy with shared diaspora and bilateral trade and investment. The bilateral trade has been growing steadily since past decade and there exists immense potential for the two countries to enhance it further in light of the wide spectrum of complementarities and strengths in the post-COVID period, Sitharaman said during a meeting with Tony Abbott, Special Envoy of Australian Prime Minister. Abbott complimented India for undertaking comprehensive and sustained reforms programme and said the country has continued to demonstrate robust growth despite the disruptive impact of the pandemic, a finance ministry statement said. Sitharaman further highlighted recent economic reforms and easing of FDI norms in India, which provide

Shrem Group aims to raise Rs 600 cr by diluting stake in InvIT next week

Shrem Group is targeting to raise Rs 600 crore by diluting a 15 per cent stake in its infrastructure investment trust (InvIT) next week, a top official said on Tuesday.

Demand notice must be served properly to buyer

The purchaser couldn't be termed a defaulter since the demand letter had not been served properly, and especially when he paid the amount on receiving a reminder

Mumbai mega makeover has big opportunities for both realtors and residents

Real estate companies say that if planned properly, the eastern corridor can rejuvenate Mumbai

DFI alone not panacea for infra finance issues: Sebi member Barua

He also rued that banks are accessing capital markets only for their core or Tier-II capital requirements, and need to access the markets more for raising resources for project finance.

Joe Biden wants spending to boost economy, but GOP to block vote

President Joe Biden said his infrastructure and families agenda must be passed to sustain economic momentum of his first six months in office

Top headlines: Govt may get 30% more from asset sale, Q1 GDP growth at 22%

Business Standard brings you the top headlines on Friday

Centre likely to receive 30% more from infrastructure asset sale

Final list may be sent to ministries by month-end

Google expands India cloud services with new infrastructure in Delhi-NCR

Google is ramping up cloud infrastructure in India with the second cluster of data centers in and around capital New Delhi to meet increasing customer demands in a key growth market

Brookfield Infrastructure, Digital Realty form JV for data centres

The venture will expand Brookfield Infra's global data portfolio of $23 billion in assets across data transmission, distribution and storage, and 139,000 telecom wireless towers India

Where are India's smart cities? The fate of the mission hangs in balance

An analysis reveals that just about a fourth of the funds allocated for smart cities have been spent, even though nearly half of the projects have been completed

130 countries agree to Biden-backed 15% global minimum tax for companies

The deal calls for a global minimum tax of at least 15%, a key element pushed by Biden as he seeks to raise more revenue for his infrastructure and clean energy plans

Four years of GST

Some distance covered but there is scope for a huge improvement

Joe Biden taking $973 bn bipartisan infrastructure deal on the road

US President will look to sell voters on the economic benefits of the $973 billion infrastructure package while in Wisconsin on Tuesday, hoping to boost the bipartisan agreement

Asian shares up as US infrastructure bill lifts S&P to a record high

SHANGHAI (Reuters) - Asian shares rose on Friday, tracking gains on Wall Street overnight that lifted the Nasdaq and the S&P 500 indexes to record highs after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.

Joe Biden agrees to $1.2 trillion bipartisan infrastructure deal

US President Joe Biden announced that he and Vice President Kamala Harris have agreed to a bipartisan infrastructure deal after a group of senators had a massive breakthrough in negotiations

Bipartisan senators reach tentative framework on infrastructure deal

A bipartisan group of senators reached a tentative framework on an infrastructure deal Wednesday ahead of a crucial meeting with President Joe Biden at the White House

GMR Infra Q4 loss lowers to Rs 725 crore; gross revenue at Rs 2,321 Cr

Diversified conglomerate GMR Infrastucture has posted a consolidated loss of Rs 725 crore for the January to March quarter as compared to a loss of Rs 1,127 crore in the year-ago period