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Business Economy


Welspun Enterprises gets LoA from NHAI for Aunta-Simaria project

Mumbai, Sep 1 (UNI)Welspun Enterprises has received Letter of Award
(LoA) from National Highways Authority of India (NHAI) for the
six-laning of Aunta-Simaria (Ganga Bridge with Approach Roads)
section of NH-31 in the state of Bihar on Hybrid Annuity Model (HAM).
The company will develop the project stretch of 8.15 km at a bid
project cost of Rs 1161 crore, and shall receive Rs 9.90 crore/ year
(adjusted for inflation) as O&M payments along with the annuity and
interest thereon from NHAI for a period of 15 years
post-construction,company said in afiling with BSE.
With the award of this project, the company has built a portfolio of
four HAM projects totaling to Rs 4129 crore.
The construction of the first HAM project, namely Delhi-Meerut
Expressway (Package I), is in full swing and has achieved physical
progress of approximately 60 percent within nine months of
commencement.
UNI JS AW1222
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Chinese Tech Unicorn APUS launches newly developed apps in India

20 Mar 2019 | 9:07 PM

Hyderabad, Mar 20 (UNI) Beijing-headquartered APUS, a leading mobile Internet technology company specialising in Android User System and app development, on Wednesday announced the launching of its newly developed apps, CUTCUT and VidMax, and two mobile games – Amazing Fishing and Pot Shot at ADTECH 2019.

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Indian Oil to establish six electric charging stations in J&K

20 Mar 2019 | 8:58 PM

Jammu, Mar 20 (UNI) Indian Oil Corporation Limited on Wednesday agreed to establish six electric charging stations in the state of Jammu and Kashmir.

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Traders not suffering from GST; willing to adopt in cohesive manner: CAIT

Traders not suffering from GST; willing to adopt in cohesive manner: CAIT

20 Mar 2019 | 8:37 PM

New Delhi, Mar 20 (UNI) Traders are not annoyed with Goods and Services Tax (GST) but rather more willing to adopt it in a cohesive manner, stated CAIT National Secretary General Praveen Khandelwal on Wednesday.

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Retail industry emerging as dynamic industry having positive impact on hiring: Experts

20 Mar 2019 | 7:02 PM

New Delhi, Mar 20 (UNI) The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players, experts associated with the sector have said.

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D Raju elected as Chairman of CII Telangana for 2019-20

20 Mar 2019 | 6:41 PM

Hyderabad, Mar 20 (UNI) Mr D Raju, CEO & Managing Director of Kirby Building Systems & Structures India Private Limited WAS elected as the Chairman of CII Telangana for the financial year 2019-20 at its Annual meeting held here on Wednesday.

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