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CAG also said that the railways did not adopt the e-tendering system to reduce the tender processing period.

“Railways is on the path of gradual recovery but it still has to be kept in the ICU as it needs to be strong enough,” Prabhu said.

The government along with several private stakeholders will invest at least Rs 8 lakh crore in expansion and modernisation in the next five years.

Will boost customer confidence in long run, says ICRA note

Only Chennai recorded positive trend in H1: Cushman & Wakefield

IFC, a member of the World Bank Group, has invested ₹130 crore in Jaipur-based Aavas Financiers Ltd (formerly known as Au Housing Finance Ltd) to extend housing loans to low-income consumers in rural ...

Paradip would be developed into a smart port and smart city with an investment of ₹40,000 crore as part of the Centre’s plan to bring about speedy development of Odisha, Union Minister Nitin Gadkari ...

State-run harbours mull benefits of low-cost dollar loans to cut financing costs and stay competitive

Goods and Services Tax opens up a huge potential for the warehousing and logistics sector in Tamil Nadu, according to Ajit Kumar Chordia, Managing Director, Olympia Group.Addressing a conference on ...

Bankers pessimistic on recovery of loans after insolvency process A month after the insolvency and bankruptcy process kick-started, three companies -- Jyoti Structures, Monnet Ispat and Energy and Alok Industries -- have been admitted into proceedings by the National Company Law Tribunal (NCLT), the company court.

Wall Street dips as GE, energy shares weigh Dow Jones Industrial Average fell 31.71 points, or 0.15 percent, to 21,580.07, the Samp;P 500 lost 0.91 points, or 0.04 percent, to 2,472.54 and the Nasdaq Composite dropped 2.25 points, or 0.04 percent, to 6,387.75. The Samp;P and the Nasdaq rose for a third straight week.

The company is on the verge of completing its biggest capex programme worth Rs 330,000 crore, of which over Rs 1.3 lakh crore was in energy and material businesses.
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