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Piramal to invest Rs 5,000 cr on funding construction projects

Last Updated: Tuesday, February 24, 2015, 15:55

Piramal Fund Management, a unit of diversified firm Piramal Enterprises Ltd, plans to invest up to Rs 5,000 crore till March 2016 to finance construction projects.

Odisha announces monthly pension for construction workers

Last Updated: Saturday, February 21, 2015, 17:07

Odisha Government today announced monthly pension and housing grants for registered construction workers and said all expenses would be borne by the state.

Punj Lloyd posts net loss of Rs 148 crore in Q3

Last Updated: Friday, February 13, 2015, 22:39

The company had posted a net profit of Rs 1 crore for the corresponding quarter of the previous financial year, Punj Lloyd said in a statement.

HCC's QIP and Lavasa Corporation IPO likely in FY16

Last Updated: Sunday, February 1, 2015, 15:49

It has also shelved plans to raise another Rs 750 crore through an issue of equity shares to qualified institutional investors to next fiscal.

ED imposes Rs 1.83 cr penalty on Pune-based builder

Last Updated: Wednesday, January 14, 2015, 20:39

Enforcement Directorate today imposed a penalty of Rs 1.83 crore on a Pune-based construction magnate for alleged Foreign Exchange Management Act (FEMA) violation.

Petrobras blocks new contracts with graft-accused constructors

Last Updated: Wednesday, December 31, 2014, 10:50

Brazilian state-owned oil giant Petrobras is temporarily blacklisting top construction firms linked to a multimillion-dollar graft scandal pending the outcome of an investigation.

China stocks close up over 3% on financial revival

Last Updated: Thursday, December 25, 2014, 14:20

China stocks closed higher on Thursday as investors waded back into financial shares after selling off for three days.

Private equity in realty sector to grow up to $3 billion in 2 years

Last Updated: Thursday, December 11, 2014, 19:42

The government's decision to relax FDI norms in the construction sector is likely to attract private equity investments to the tune of up to USD 3 billion in the real estate market in the next two years, according to property consultant Jones Lang LaSalle (JLL).

IL&FS Engineering withdraws rights issue application

Last Updated: Tuesday, December 9, 2014, 14:30

IL&FS Engineering and Construction Company has pulled out its proposed rights issue plan, through which it was looking to raise up to Rs 300 crore.

Government relaxes FDI norms for construction sector

Last Updated: Wednesday, December 3, 2014, 16:17

In view of depleting FDI inflow in construction and real estate sector in last couple of years, the government has reduced the minimum floor area to 20,000 sq mt from the earlier 50,000 sq mt.

Dow hits record on construction spending, auto sales

Last Updated: Wednesday, December 3, 2014, 10:26

The Dow Tuesday jumped to a fresh record close following a rise in US construction spending and encouraging auto and "Cyber Monday" sales data.

HCC reports Rs 5.39 crore net profit in Q3

Last Updated: Thursday, January 30, 2014, 16:55

Hindustan Construction Company (HCC) on Thursday reported a standalone net profit of Rs 5.39 crore in the October-December quarter after cutting expenses.