Page 15 - Infrastructure

Citizenship, connectivity, unemployment key issues in Assam's Barak Valley

Citizenship, unemployment, poor infrastructure and lack of proper connectivity with the rest of the country are the major issues being highlighted by candidates contesting in the two Lok Sabha constituencies - Silchar (SC) and Karimganj - in Assam's Barak Valley, bordering Bangladesh. Thirty-two candidates are in the fray in the two Lok Sabha constituencies in Barak Valley which will go to the polls on April 26. In these two constituencies in the valley, which gets its name from River Barak, the ruling BJP first made inroads winning both seats in 1991 and 1996 when the party had practically no organisational base in the state. In Silchar, the contest is likely to be among BJP's candidate and Assam minister Parimal Suklabaidya, Congress's Surya Kanta Sarkar and AITC's Radheyshyam Biswas, a former AIUDF MP from neighbouring Karimganj. In Karimganj, a close contest is expected between BJP's sitting MP Kripanath Malla, Congress candidate Hafiz Ahmed Rashid Choudhury and AIUDF's Sahabul

Taking learnings from India, replicating them globally: Amazon Prime head

Ghani says that the firm is making investments in infrastructure and last-mile capabilities to improve delivery speeds

Lok Sabha elections: Assam's Dibrugarh welcomes infra push but awaits jobs

Most of the young residents are voicing their frustration over lack of jobs, despite the rapid infrastructure growth in and around Dibrugarh

New BOT terms may revive pvt capex in highways: India Ratings and Research

Most Concerns Attended to, but Toll Estimation and Traffic Diversion from Competing Roads Pose Risk

Indian economy likely to register 8-8.3% growth in FY25, says PHDCCI

India's economy is estimated to grow at 8-8.3 per cent in the current fiscal, industry body PHDCCI said on Wednesday. The country's GDP will grow at an average of 6.7 per cent over the next 23 years to become a USD 34.7 trillion economy by 2047, with a per capita income of USD 21,000, it added. "We are projecting a growth rate of 8 to 8.3 per cent for India's economy for the current financial year," PHDCCI Chief Economist SP Sharma said. Addressing a press conference, he said India's economy has robust growth fundamentals. "Gradually after 2035, the growth rate will start decelerating from the peak, and on an average, our growth rate, the real GDP (gross domestic product), will be 6.7 per cent overall in the next 23 years," Sharma noted. India's economy will attain the size of USD 34.7 trillion by 2047 with a per capita income of USD 21,000, the industry body said. The chamber has suggested 10 key enablers for the country to become a developed economy by 2047 in a report. It has

India leads use of hybrid multi-cloud with 44% of companies using it: Study

Focus on cloud-smart deployments: 99% of IT professionals in India are focused on taking a "cloud-smart" approach to their infrastructure strategy

Continued growth hinges on big-ticket reforms: CII President R Dinesh

Dinesh said that it was imperative for the Indian industry to invest given high capacity utilisation and its resilience

Road ministry capex utilisation in FY24 closes at record high 99.93%

As against the budgetary outlay of Rs 2.645 trillion in FY24, the road ministry has spent Rs 2.643 trillion. By including private investments, the capex goes up to Rs 3.01 trillion

Israel Defense Forces discover, demolish 900-mtr-long tunnel in Khan Yunis

Inside the tunnel, in the city's Al Amal neighbourhood, soldiers discovered large quantities of weapons and areas for Hamas operatives to rest

NHAI executed capex for FY24 increases by 20% to Rs 2.07 trillion

The highway authority has constructed 6,644 km stretch, exceeding its FY24 construction target, according to an official

HITES registers 31% increase in net profit at Rs 32.86 crore in FY24

HLL Infra Tech Services Ltd (HITES) has reported a 31 per cent jump in net profit to Rs 32.86 crore in 2023-24 compared to Rs 25 crore in FY23 on higher revenue from the infrastructure division, the Health Ministry said on Wednesday. The total turnover of the central public sector undertaking under the Health Ministry rose by 17.18 per cent to Rs 425.10 crore in 2023-24 against Rs 362.77 crore in 2022-23, the ministry said. "These significantly positive results were achieved largely due to the infrastructure development business which saw the execution of the new All India Institute of Medical Sciences (AIIMS) at Bibinagar (Telangana) and Rewari (Haryana)," the ministry said. Besides, the company also executed projects of upgradation of medical colleges and hospitals at Alibagh and Nandurbar, Maharashtra, and other healthcare and allied projects at various locations pan India. The company also provided medical equipment procurement and facility management services in the last fisca

Viksit Bharat can't thrive without nourishing farm policy: Experts at Business Standard Manthan

In order to make India "Viksit Bharat" by 2047, it needs to focus on building human capacity before prioritising infrastructure-led development, Ajay Vir Jakhar, the chairman of Bharat Krishak Samaj,

Acquire this: Technology startup deals are getting pricier, shows data

There were four acquisitions each for financial technology and high-tech firms, three for enterprise infrastructure and two for media and entertainment

Schneider Electric, Nvidia partner to optimise data centre infrastructure

Energy management and automation major Schneider Electric on Thursday said it has collaborated with NVIDIA to optimise data center infrastructure. Schneider Electric will leverage its expertise in data center infrastructure and NVIDIA's advanced AI technologies to introduce the first publicly-available AI data center reference designs, according to a statement. These designs are set to redefine the benchmarks for AI deployment and operation within data center ecosystems, the statement said. "We're unlocking the future of AI for organisations," said Pankaj Sharma, Executive Vice President - Secure Power Division & Data Center Business at Schneider Electric. The collaboration will help organisations to overcome data center infrastructure limitations and unlock the full potential of AI, the statement said. In the first phase of this collaboration, Schneider Electric will introduce cutting-edge data center reference designs tailored for NVIDIA accelerated computing clusters and built

Bank of India to raise Rs 10,000 cr through long-term infrastructure bonds

State-owned Bank of India (BoI) on Wednesday said its board has given approval to raise Rs 10,000 crore through long-term infra bonds to fund infrastructure projects. The fund would be raised in 2024-25, BoI said in a regulatory filing. Recently, many banks including SBI have issued infrastructure bonds to secure funds that are solely dedicated to advancing various infrastructure development projects. These bonds help in building roads, bridges, airports, power plants, and telecommunications networks etc and addressing the infrastructure deficit of the country.

REC board approves overall borrowing of Rs 1.6 trillion for 2024-25

State-owned REC Ltd on Wednesday said its board has approved an overall borrowing limit of Rs 1,60,000 crore for 2024-25. The board in its meeting held on Wednesday approved a borrowing limit of Rs 1.6 lakh crore, including Rs 1,45,000 bonds and term loans, Rs 5000 crore of short-term loans and Rs 10,000 crore of commercial papers, REC said in a filing. Funds under the proposed borrowing programme for 2024-25 shall be raised for different maturities, through different instruments, depending upon the actual requirement of funds, asset-liability position and prevailing market conditions, with the approval of Competent Authority, the filing stated. The Board has approved the amendment in 'Policy on Criteria for determining Materiality of Events or Information for disclosure to Stock Exchanges'. REC, a non-banking finance company, provides financing to power infrastructure projects in the country. It meets the funding requirements through borrowings.

Strong outlook, robust domestic demand to support Cummins India stock

Riding on a 36 per cent growth y-o-y in the domestic market, the company posted an overall revenue growth of 16 per cent

AWS, Nilekani's EkStep collaborate for innovation in digital public infra

Amazon Web Services on Tuesday said it has collaborated with Nandan Nilekani's EkStep Foundation to set up a Joint Innovation Centre (JIC) to foster digital solutions for public service delivery. This joint effort will focus on enabling and accelerating the creation of digital public goods (DPGs) and digital public infrastructures (DPIs), the company said in a statement. "The JIC will promote collaboration among...stakeholders to develop DPGs and DPIs for sectors such as education, agriculture, finance, healthcare, and climate change, and help accelerate societal transformation," the statement said. The innovation centre will focus on supporting startups, independent software vendors (ISVs), and system integrators (SIs) to leverage the power of technologies such as cloud computing, generative artificial intelligence (AI), and analytics from AWS; help them imagine and invent new use cases for DPGs and DPIs, incubate them, and enhance existing ones, and offer comprehensive starter kit

Mahanagar Gas legally challenges infrastructure exclusivity expiry notice

City-gas distributor to apply for a 10-year extension to continue its infrastructure exclusivity in Mumbai

Army's elite tech unit to enhance communication infrastructure of force

An elite unit of the Indian Army has been raised in Delhi to develop technologies considering the future battlefield, with a primary aim to enhance the communication infrastructure of the force, officials said. Signals Technology Evaluation and Adaptation Group (STEAG), with a strength of nearly 280 personnel is headed by a Colonel-rank officer from the Corps of Signals, officials said on Tuesday. This unit will undertake research and evaluation of futuristic communication technologies like 6G, artificial intelligence, machine learning and quantum computing for defence applications in view of the changing nature of the field. "The primary aim is to enhance the communication infrastructure of the Indian Army," a senior official said. Another official said it was set up earlier this month. This group will be operational under the Signals Directorate and is based in Delhi. It is headed by a Colonel-rank officer of the Army from the Corps of Signals, he said. STEAG is mandated to nur