L&T completes divestment of L&T Infrastructure Development Projects, sells entire 51% stake
Larsen & Toubro (L&T) on Thursday announced the completion of divestment of L&T Infrastructure Development Projects Limited (LTIDPL), a joint venture between Larsen & Toubro Limited and Canada Pension Plan Investment Board (CPP Investments).

Luxury housing on a roll in India, spearheaded by established developers
In the first quarter of 2024, the luxury real estate sector established another benchmark. It not only contributed a massive 34% to new residential launches but also displayed a consistently rising graph, ascending sharply from the 13-14% growth it had clocked in 2019, according to a report by Cushman & Wakefield.

Greenbase Industrial plans fresh investment of ₹800 cr at Oragadam near Chennai
Chennai: Greenbase Industrial & Logistics Parks, a joint venture between Niranjan Hiranandani-led Hiranandani Group and US-based private equity major Blackstone Group, has chalked out a fresh investment of about ₹800 crore at Oragadam near Chennai to create space for manufacturing companies.

Result preview: Analysts note 'unusual' quarter for cement sector
While price rise is the norm, cement prices, on average, declined despite growth in volumes. Margins for the quarter, analysts said, may see a healthy year-on-year rise but decline sequentially. ICICI Securities, Motilal Oswal, Nuvama, and Antique expect earnings before interest, tax, depreciation and amortisation (Ebitda) for their universe to grow in the range 19-28 per cent from a year ago.
 

Adani taps banks for $750 million
Adani Group is in talks with banks to raise nearly $750 million or `6,200 crore to pay for the conversion of warrants allotted by Ambuja Cements. The deadline to make the payment ends on April 18. 

Vande Bharat sleeper trains, connecting Kashmir & ramping up passenger safety among top to-do lists for Railways
New Delhi: Connecting Kashmir, the operationalisation of Chenab (Rail) Bridge, touted as an engineering marvel, and the introduction of Vande Bharat — both sleeper trains and regular chair cars — are now top priorities for Indian Railways.

Indian Railways develops new SOP on Pipavav-Surendranagar line to prevent lion deaths: Here’s how it will work
Days after being rebuked by the Gujarat High Court for failing to eliminate lion deaths due to accidents at the Gir Forest Sanctuary, the Indian Railways and Gujarat Forest Department informed the court on Tuesday that they have developed a revised standard operating protocol (SOP), which restricts train speeds to less than 40 kilometers per hour (kmph) on the Pipavav-Surendranagar rail line during nighttime hours, to minimise collisions with lions in Amreli district.