BRICS nations namely Brazil, Russia, India, China and South Africa to establish a new development bank to finance infrastructure projects and to create a $ 100 billion contingency fund to deal with any financial crisis in emerging economies.
Ashok Alco Chem Ltd (AACL) has appointed Sridhar Chari as an Additional Director and Whole Time Director with effect from March 25 subject to approval of shareholders of the company.
Diversified engineering firm Larsen &Toubro is set to sell its 50 per cent stake to Japanese partner Komatsu in their hydraulic equipment manufacturing joint venture, L&T Komatsu.
Construction equipment major JCB has won a massive order for more than 1,000 of its backhoe loaders in a deal which is designed to transform the rural economy of Brazil.
Tata Projects Ltd announced that it has started work on the eastern dedicated freight corridor project that the company was awarded in partnership with Aldesa of Spain.
GMR Group announced it would sell its 70 per cent stake in the Island Power Project in Singapore to FPM Power Holdings for S$660 million. The company is expected to make a profit of Rs 1356 crore.
“We expect to start actual construction anytime by this year end or early next year and feel confident of completing the project in 4 years,” said Ashwini Bhide, Additional Metropolitan Commissioner, MMRDA
With globalisation, liberalisation and opening of the Indian economy, opportunities of architectural practice are increasing rapidly, globally and locally. Indian architects must make sincere efforts to make their presence felt at the international level.
While the design and construction industry moves toward more sustainable approach for development, over the last few years “green homes” have become the way to go
