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China power plant collapse kills 67: Media

China power plant collapse kills 67: Media

Industrial accidents are common in China, where safety standards are often laxly enforced.
 

Smog: After ban, Delhi Metro to suspend construction activities to check pollution

Smog: After ban, Delhi Metro to suspend construction activities to check pollution

Delhi Metro on Monday announced it was halting its construction activities, following the advisory issued by the state government to help reduce the smog which continues to envelop the city.

Govt working on reviving construction sector: PM Modi

Govt working on reviving construction sector: PM Modi

Construction sector was badly affected between 2011 and 2014 and the government is working to revive it through short-term and long-term measures, Prime Minister Narendra Modi said Friday, while citing the recent CCEA decision as a step in this direction.

Highway builders, contractors should train local youth in construction: Gadkari

Union Road Transport and Highways Minister Nitin Gadkari on Monday urged highway builders, contractors, and skill development institutions to come forward and train the local, unemployed youth in highway construction, and upgrade the skills of existing workers.

DIPP notifies easing of FDI policy in several sectors

DIPP notifies easing of FDI policy in several sectors

The Department of Industrial Policy and Promotion on Tuesday notified the recent liberalisation of FDI policy in several sectors including defence, retail and construction development sector.

74% FDI in private banks, 49% in regional Aviation; declares Arun Jaitley

Finance minister Arun Jaitley declares that there will be 15 sectors that will get FDI. He says that there will be 74% FDI in private banks, 49% in regional Aviation. Check out the full report.

May stop LOI trading in SRA if construction fails to begin: Maharashtra CM

Raising concerns over the "misuse" of the Slum Rehabilitation Scheme (SRA), Maharashtra Chief Minister Devendra Fadnavis on Saturday said it might consider discontinuing trading in Letter of Intent (LOI) if construction work doesn't start.

महंगे घर की Inside Story

The segment features story on how bribes play a major role in cost inflation of flats.

Base metal industry to grow 8-10% annually: Moody's

Indian base metals industry is expected to grow by 8-10 percent annually over the next three years on the back of increased demand from power, construction and automotive sectors, rating agency Moody's said on Tuesday.

Construction sector may revive with easing of project funding

"The construction sector is likely to get a major boost from the government's focus on development of infrastructure in India," ICRA Senior VP Rohit Inamdar said in a statement.

Government relaxes FDI norms for construction sector

In view of depleting FDI inflow in construction and real estate sector in last couple of years, the government has reduced the minimum floor area to 20,000 sq mt from the earlier 50,000 sq mt.

FDI in construction: Govt to issue clarifications soon

After recently liberalising foreign direct investment norms for construction development sector, the government is expected to soon come out with some clarifications on the rules of the policy.

Real estate industry hails govt move to ease FDI rules

Welcoming the decision, realtors' apex body CREDAI President C Shekar Reddy said it would help developers get an extra route of funding their projects.

Govt relaxes FDI norms for construction, real estate sector

The Cabinet decided to reduce the minimum floor area to 20,000 sq mt from the earlier 50,000 sq mt. It also brought down the minimum capital requirement to USD 5 million from USD 10 million.

IVRCL puts up Rs 4,000 cr assets for sale to ease debt burden

IVRCL Ltd Chairman and Managing Director E Sudhir Reddy said the assets for sale includeRoad projects both operational and under construction and Desalination plant in Chennai.

Omaxe's gross debt reduced by 42% in 5 years

In the last 5 years, the company has seen its debt-equity ratio coming down by close to 60 percent from 1.15 in FY'10 to 0.48 in FY'14.

UK construction activity inches off six-year high in September, jobs strong: PMI

British construction activity eased slightly in September from a near six-year high in August, a survey of purchasing managers showed on Wednesday, but residential construction rose at its fastest rate in nearly a decade.

Unity Infraprojects bags Rs 471.52 crore orders

Unity Infraprojects Friday said it has bagged three construction orders aggregating to Rs 471.52 crore.