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Budget 2018: Govt’s infra theme may benefit construction, metal, cement stocks

The infrastructure related stocks including construction, metal and cement stock will benefit from the government infrastructure development theme. While weakness in some sectors like real estate is visible, services and infrastructure sentiment is expected to improve in Q4. The overall business scenario is also expected to improve. In Budget 2018 the government continued to put more focus


BMC’s Road Budget may go up by Rs 100 crore

For the first time, the roads department of the Brihanmumbai Municipal Corporation (BMC) budget provision was slashed by Rs 1,000 crore earlier, after various controversy exposed the corruption in the department. However, according to a senior civic official from roads department in this new fiscal year budget which is expected to be presented by February


Scottish varsity strikes pact for new satellite city in Bengal

The University of Strathclyde in Scotland, has entered into an agreement, to develop a ‘smart city’ in West Bengal, called New Town Kolkata A Scottish university, on January 17, 2018, announced an agreement with the New Town Kolkata Development Authority (NKDA), to collaborate on a new satellite city in West Bengal. The agreement will see


Cement prices to rise 6% YoY: ICICI Securities report

Average cement prices are expected to rise by 6% year-on-year (YoY) and 7% on quarter-on-quarter (QoQ) basis across the country despite volume decline in the southern and central regions, a report said. However, the eastern region is likely to see a strong growth in demand for the key building material, it said. “Average pan-India cement


Real GDP Growth to reach 6.75 Percent

A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19, thereby re-instating India as the world’s fastest growing major economy. This was stated in the Economic Survey 2017-18 tabled in Parliament today by the


City real estate becomes most affordable in 7 years

For home buyers waiting for a great deal, now’s the time. For the first time in seven years, the real estate industry is witnessing a price correction with a substantial drop in actual purchase price courtesy discounts from developers. “After refusing to budge for years, developers in Kolkata have finally blinked. The weighted average price

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NGT directs states to submit action plan on use of fly ash

The National Green Tribunal has directed all the states and the Union territories to submit their action plan to the environment ministry for utilisation of fly ash generated by thermal power plants. A bench comprising acting Chairperson Justice U D Salvi and Expert Member Nagin Nanda directed the states to submit a comprehensive plan to