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Ircon International has incorporated a Wholly Owned Subsidiary Company named Ircon Bhoj Morbe Expressway on 06 January, 2022 as a Special Purpose Vehicle for the purpose of construction of Eight Lane Access Controlled Expressway from Km 69.800 to Km 79.783 (Bhoj to Morbe Section-SPUR of Vadodra Mumbai Expressway) in the State of Maharashtra on Hybrid Annuity Mode under Bharatmala Pariyojana (Phase II – Package XVII). […]

The IHS Markit Eurozone Construction Total Activity Index dipped slightly from 53.3 in November to 52.9 in December, signalling a softer rise in activity. That said, the rate of expansion remained solid overall and extended the current period of growth to three months. Companies commonly linked the increase to stronger new order growth and the resumption of projects on hold due to the COVID-19 pandemic. […]

On 05 January 2022

Prince Pipes & Fittings has received revision in credit ratings from CRISIL as under: Long term rating – CRISIL A+/ Stable (upgraded from CRISIL A/ Positive) Short term rating – CRISIL A1+ (upgraded from CRISIL A1) Total bank facilities rated – Rs 668 crore (enhanced from Rs 591 crore) Rs 50 crore commercial paper – CRISIL A1+ (upgraded from CRISIL A1) Powered by Capital Market […]

The Australian share market finished lower for second straight session on Thursday, 06 January 2022, on tracking sharp losses on Wall Street overnight after minutes from the U.S. Federal Reserve showed it was planning to raise interest rates sooner than expected and wind back stimulus soon to tame high inflation. Meanwhile, the increase in COVID-19 cases to a new record also weighed on the market. […]

On 18 January 2022

ADF Foods has received approval from the Government of India under Category III of the Production Linked Incentive Scheme for Food Processing Industries. The details are as under – ? Approval under Production Linked Incentive (PLI) Scheme – Category III – Incentive for Branding and Marketing Expenditure Abroad. ? The Company would be extended financial incentive @ 50% of budgeted outlay on international Branding and […]

COMEX Copper stayed under stress today as weak equities pushed the metal lower. Asian stocks continued to slip. Chinese benchmark Shanghai Composite index dropped 0.25% Japanese Nikkei 225 tanked around 3% as recent gains triggered massive correcting selling. European stocks tanked with heavy losses in all major indices. COMEX Copper futures extended losses after breaking under $4..40 per pound and currently quote at $4.35 per […]

Hong Kong share market rebounded from near a 21-month low in the volatile trade on Thursday, 06 January 2022, as traders sought bargains in battered Chinese tech companies on valuation appeal. Stocks had earlier declined in tandem with a global market sell-off after minutes from the Federal Reserves previous meeting signalled a quicker unwinding of monetary stimulus. At closing bell, the benchmark Hang Seng Index […]

IRB Infrastructure Developers announced that Meerut Budaun Expressway, wholly-owned subsidiary of the Company, has now executed Concession Agreement with Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for the Project of development of Access Controlled Six Lane (Expandable to Eight Lane) Greenfield Ganga Expressway [Group-I, from Km. 7+900 (Village: Bijoli Distt: Meerut) to Km. 137+600, (Village: Nagla Barah, Dist: Budaun), Design length 129.700 Km] in the […]