Infrastructure Sector

Reliance Infra, McLeod Russel and PC Jewellers present high-risk opportunities

Reliance Infra, McLeod Russel and PC Jewellers present high-risk opportunities

Stock markets offer excellent returns when one can buy a stock at much lower valuations. And, such low valuations are usually seen when there is panic in the market or there is a string of bad news about a company.

Reliance Infra and Reliance Capital are two flagship companies of Reliance Anil Ambani Group (ADAG) and as the group is facing high debt, both these stocks have declined in the recent months. Reliance Infra and Reliance Capital are profit-making businesses but they have high debt. The companies have been servicing their debt but as Reliance Communications and other group companies have been suffering due to mounting debts, investors are highly concerned about Reliance Infra and Reliance Capital as well.

Incidence of Diabetes is nine times higher for ageing Indian workforce, says Apollo Munich Health Insurance

Apollo Munich Health Insurance

New Delhi [India], Nov 15 : The number of diabetics in India are likely to rise to 101 million by 2030, estimates the World Health Organisation (WHO). Countrywide, there are currently 70 million diabetics and another 80 million more in the pre-diabetes stage. Urban India sees the prevalence of diabetes 6 times more as compared to the rural zones. On the occasion of World Diabetes Day 2016, Apollo Munich Health Insurance released research findings conducted along with Nielsen India Pvt. Ltd., to understand the awareness levels of diabetes amongst those owning or planning to buy health cover.

Tata AIA launches bouquet of protection solutions

Tata AIA launches bouquet of protection solutions

Mumbai [India], Oct.17 : As caregivers, it is only natural to want the best for our loved ones. We do everything in our capacity to safeguard their aspirations against any financial upheavals that may play spoilsport.

But our lives are fraught with uncertainties, and it is difficult to predict what the future holds. What we need is a safety shield to ensure that our family's needs are never compromised.

Humana Considers Sale amidst Several Takeover Bidders

Humana Considers Sale amidst Several Takeover Bidders

The Health insurer, Humana Inc. considers selling itself reflecting an attempt to cope with the pressure of cost cuts that the Affordable Care Act is generating.

The sale of Humana could trigger further mergers in the health care industry as the big health insurers will find it lucrative to collaborate in order to gain a competitive edge in the industry.

The Louisville based insurer, Humana, administers the private version of the federal Medicare program. The company surely has bright prospects as it commands a powerful Medicare franchise which is growing rapidly as an increasing number of people are opting for Medicare Advantage.

'Infra sector growth marred; has most stressed loans of PSBs'

'Infra sector growth marred; has most stressed loans of PSBs'

New Delhi: The infrastructure sector has remained clogged by bottlenecks so much so that it accounted for one of the highest stressed advances by public sector banks, but a slew of steps are on fast-track its growth, says the Economic Survey.

"Infrastructure, iron & steel, textiles, mining (including coal) and aviation, hold 54 per cent of total stressed advances of PSBs as on June 2014," said the Economic Survey for 2014-15, tabled in Parliament today.

It said exposure of PSBs to infrastructure stood at 17.5 percent of their gross advances and was significantly higher than private sector and foreign banks.

The Survey added however that government's focus was on resolving issues that have marred the sector's growth.

Reliance Infrastructure signs MoU with US-based Innovari Inc

Reliance Infrastructure signs MoU with US-based Innovari Inc

Mumbai - Reliance Infrastructure has signed an agreement with US-based Innovari on expanding Automated Demand Side Management (ADSM).

The MoU, inked during US President Barack Obama's visit to India, will reduce power purchase for Reliance Infrastructure and ensure reduction in carbon footprints for consumers, Reliance Infrastructure said in a BSE filing.

"This further extends the existing strong business relationship between Reliance Group and companies from the United States such as Caterpillar, Bucyrus, Atlas Copco, Forst Solar, etc in areas of solar power, power generation equipment, LNG imports, coal mining, and entertainment," Group President, Corporate Affairs, A Sethuraman said.

Japan ready to give fillip to roads, infrastructure in north east

Fumio KishidaNew Delhi, Jan. 18 - Japan is ready to invest in building roads and infrastructure in India's landlocked northeast, excluding the state of Arunachal Pradesh, said Foreign Minister Fumio Kishida here over the weekend.

China is in dispute with India over the state of Arunachal Pradesh, calling it south Tibet, especially Tawang, a key site for Tibetan Buddhism. The historic town briefly fell into Chinese hands during the 1962 war before Beijing retreated. However, New Delhi regards it an integral part of India.

Queensland to announce major investment in rail infrastructure

Brisbane - Australia's Queensland state will announce a major investment in rail infrastructure in the Galilee basin to ensure that one of the mega-mines proposed by India's Adani group and GVK get a clearance next year.

Queensland Premier Campbell Newman, who held talks with Prime Minister Narendra Modi here last night, said he was prepared to invest in capital works to ensure that the projects get off the ground.

The offer came even as the G20 leaders affirmed their commitment to boosting energy efficiency and phasing out fossil fuel subsidies that encouraged wasteful consumption.

Modi during his intervention at the G20 summit had pushed for energy efficiency.

President Mukherjee invites Norway to invest in infrastructure

Pranab MukherjeeOslo, Oct 14 : President Pranab Mukherjee on Tuesday invited Norway to invest in the infrastructure sector of India, calling it an area of focus for the nation and thus a great opportunity for the Scandinavian country.

GMR plans Rs.750 crore airport city in Hyderabad

GMR-InfrastructureHyderabad - Infrastructure major GMR Group propose to develop airport city at Hyderabad airport with world-class facilities at a cost of Rs.750 crore.

It plans to an exhibition-cum-convention centre on about 50 acres of land comprising one lakh square meters area as part of the airport city.

The airport city proposed around Rajiv Gandhi International Airport, which GMR operates, will create 15,000 to 20,000 jobs.

A GMR team led by its chairman G. M. Rao Friday made a presentation before Chief Minister K. Chandrasekhar Rao and sought the government`s support for their plans.

India's infrastructure market to reach $6.6 trillion by 2025: Report

Infrastructure MarketMumbai - India's infrastructure market is expected to touch USD 6.6 trillion by 2025, which will be nearly 12.5 percent of the Asia-Pacific, says a report.

According to consultancy firm PwC, the Asia Pacific infrastructure market is expected to grow by 7-8 percent a year over the next decade to over USD 53.6 trillion by 2025 and representing nearly 60 percent of the world total.

The increase in infrastructure spends in the country is likely to be driven by sectors like housing, telecom, healthcare, education, transportation, among others, it said.

PM Modi and I wish to be known as infrastructure PMs, says Tony Abbott

Tony-AbbottNew Delhi, Sep 5 : Australian Prime Minister Tony Abbott said here on Friday that he and Prime Minister Narendra Modi both wish to be known as the infrastructure Prime Ministers.

"Both PM Modi and I wish to be known as infrastructure PMs and the G20 will focus on mobilizing private capital to address the world's infrastructure deficit," PM Abbott said while addressing a Business Meet in New Delhi.

The Shard wins Emporis Skyscraper Award

The-ShardWashington, May 20 : The Shard, was chosen by an international panel of experts from more than 300 skyscrapers of at least 100 meters' height and which were completed during the previous calendar year, for the prestigious The Emporis Skyscraper Award.

The award, given by Emporis (www emporis com), the international provider of building data, is now into its fourteenth year.

RInfra notches Rs.1,914 crore net profit last fiscal

Reliance-InfrastructureMumbai, May 19 : Reliance Infrastructure (RInfra) Monday announced its financial results for the year ended March 31, 2014, with a net profit of Rs. 1,914 crore ($319 million), an increase over the corresponding previous year's Rs. 1,872 crore.

The total income for financial year 2014 was Rs. 20,274 (&3.4 billion), against Rs. 23,433 crore in the previous financial year when there was exceptional item of Rs. 379 crore pertaining to sale of RPower shares through Offer For Sale mechanism.

Delhi-Gurgaon expressway now offers toll-free ride

Delhi-Gurgaon expressway now offers toll-free rideCommuters can finally travel on the Delhi-Gurgaon expressway for free without suffering huge traffic snarls at toll plazas as the expressway has been made toll-free.

The Delhi-Gurgaon expressway which links the national capital and the satellite town in Haryana is used by lakhs of commuters daily. The Gurgaon toll plaza had been a major traffic bottleneck on the busy expressway.

Infrastructure investment declines

Infrastructure-investmentNew Delhi, Feb 19 : Investment in infrastructure fell from Rs. 645,175 crore in 2010-11 to Rs. 576,855 crore in 2012-13, the Lok Sabha was informed Wednesday.

Minister of State for Planning Rajeev Shukla said infrastructure was defined to include electricity, renewable energy, roads and bridges, telecommunications, railways, mass rapid transit system, irrigation, water supply and sanitation, ports and airports.

He said among the steps taken to boost investment in infrastructure was setting up a cabinet committee headed by the prime minister to fast track approvals of key projects. (IANS)

Govt. clears AKIC along with some other major infrastructure projects

Amritsar-Kolkata Industrial CorridorWith an aim to provide a boost to India's economic growth, the union government's cabinet committee on economic affairs on Monday approved several major infrastructure projects.

The committee approved setting up of the Amritsar-Kolkata Industrial Corridor (AKIC) and the formation of the AKIC Development Corporation (AKICDC).

Construction activity slowed in November

Construction activity slowed in NovemberAccording to the latest figures released, the construction activity has fallen around 4 per cent, indicating that the economic recovery in the country is still fragile in the UK

The country's manufacturing output and broader industrial production remained stagnated in November, compared to expectations for growth.  The figures released by the Office for National Statistics indicated that the UK economic is still recovering.

Cabinet approves Rs.1,912 crore-worth highway projects

highway-projectsNew Delhi, Dec 26 : The government Thursday approved upgrading of two highway projects under various stages of the National Highways Development Programme (NHDP) with a total outlay of Rs. 1,912.01 crore.

The Cabinet Committee on Economic Affairs (CCEA) approved the development of the Gaya-Hisua-Rajgir-Nalanda-Biharsharif section of National Highway (NH) 82 and the Vadodra-Surat section of NH 8.

The Gaya-Biharsharif section in Bihar, with a total length of 93 km under various stages of the NHDP, is expected to be completed within three years of signing of the contract agreement.

JFE,Myanmar Construction Ministry establish JV firm for steel structure projects

JFE-Engineering-CorporationTokyo, Dec 11 : JFE Engineering Corporation has established J and M Steel Solutions Company Limited, a joint venture company, committed to infrastructure construction with Myanmar's Ministry of Construction.

It has commenced the construction of a new plant.

The company is optimistic as Myanmar has been enjoying dramatic economic development since its democratisation in 2011.

Therefore, the country urgently requires the construction of transportation infrastructure such as roads and railways, as well as logistics infrastructure, including port terminals.

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