Allcargo Global Logistics was nominated as the complete logistics provider for the aluminium smelter plant project to be commissioned at Jharsuguda, Orissa by VAL India in December 2008. The total volume for phase I of the project carried out was 5500 TEU and 150000 FRT break bulk cargo.
Somany Ceramics Ltd, one of the leading players in the Indian ceramic industry, has introduced another innovative product - Anti-Bacterial Tiles. These tiles are not only hygienic but also have ample of add on features making these tiles perfect for your living space.
Interior designs and layout play a vital role in the aesthetic appeal of your home. Attractive colours or patterns, decorative wall panels, furniture, show pieces, indoor plants all are elements that are mostly considered in defining the internal ambience and the overall environment. The use of designer flooring, natural stone, carpets have been some of the ways floors have also entered the set of design consideration.
Reserve Bank of India announced changes in its credit policy by hiking its short term lending (repo) rate by 50 basis points to 8 per cent. The reverse repo, the rate at which banks park their funds with RBI, has also been raised by 50 basis points to 7 per cent. The cash reserve ratio (CRR) has however remained unchanged.The industry responds:
Real estate major Nirmal Lifestyle has inked a 10-year licensing deal with International Association of Athletics Federations (IAAF), the governing body for athletics worldwide, to develop athletics in India and encourage greater participation in the sport.
Birla Surya Limited, a part of Yash Birla Group (YBG) to invest approximately Rs 5,400 crore over the next five years to build India’s first largest integrated facility for fabrication of multi crystalline silicon wafers and processing of solar photovoltaic cells. Commenting on group’s entry into solar industry, Yash Birla, Chairman, Yash Birla Group, said, “We have been associated with eco-friendly portable power generation for over thirty years. With group’s emphasis towards a clean and green future, we have forayed into the fast developing solar photovoltaic industry.”
Sezal Glass, one of the leading players in the architectural glass processing business in India, has decided to sell off its float glass business to Saint‑Gobain Glass India for Rs. 686 crore. The company sold off its business after its shareholders, who they sought permission; approved to sell, lease dispose and transfer of the architectural glass processing business with requisite majority. The reason for this sell off was to bring down its debt burden. The units sold were architectural glass processing business undertaking at Silvassa and the float glass manufacturing business at Jhagadia in Gujarat.
As the cement sales continued its downward trend in May, major companies like ACC, Ambuja Cement and Ultratech Cement reported a great decline. The main reason for this downward movement was that the demand from the infrastructure and real estate sector weakened.
Prime Minister, Dr. Manmohan Singh along with Road Transport Minister, C P Joshi and senior officials of the Ministry and the National Highways Authority of India (NHAI) recently reviewed the plans for road contract.
Ramky Infrastructure Ltd. won an order worth Rs. 582.15 crore, which will cover industrial, building verticals and Water & Water waste from different parts of India.
