Page 44 - Infrastructure

Joe Biden agrees to $1.2 trillion bipartisan infrastructure deal

US President Joe Biden announced that he and Vice President Kamala Harris have agreed to a bipartisan infrastructure deal after a group of senators had a massive breakthrough in negotiations

Bipartisan senators reach tentative framework on infrastructure deal

A bipartisan group of senators reached a tentative framework on an infrastructure deal Wednesday ahead of a crucial meeting with President Joe Biden at the White House

GMR Infra Q4 loss lowers to Rs 725 crore; gross revenue at Rs 2,321 Cr

Diversified conglomerate GMR Infrastucture has posted a consolidated loss of Rs 725 crore for the January to March quarter as compared to a loss of Rs 1,127 crore in the year-ago period

Senators eye $579 billion in new infrastructure spending, $1 trillion plan

A bipartisan group of senators is eyeing an infrastructure deal with $579 billion in new spending as negotiators try to strike a nearly $1 trillion deal on Biden's top priority

Biden rejects new Republican offer, to continue infra talks next week

US President Joe Biden on Friday rejected a new Republican infrastructure counteroffer, but will continue talks with Republicans next week

FM asks ministries to front-load capex, ensure clearance of MSMEs' dues

Nirmala Sitharaman, during a virtual review meeting, emphasised that enhanced capex will play a critical role in revitalising the post-pandemic economy

Outright economic boom is missing from the Joe Biden revival budget

Economic growth is strong in 2021 and 2022 - but strong enough only to return the economy to its pre-pandemic trend line, not to surge above the trajectory it was on throughout the 2010s

While House encouraged by Senate Republicans' infrastructure counter-offer

White House Press Secretary Jen Psaki said it was encouraging to see Senate Republicans' $928-billion infrastructure counter-offer, while noting that major concerns remained

NHRC asks Union health ministry, Delhi govt to act on treatment deficit

The Commission has sought Action Taken Reports from the health secretary and Government of NCT of Delhi over the death of a toddler due to the alleged denial of proper treatment

GOP senators ready $1 tn infrastructure counteroffer to Joe Biden

Senate Republicans revived negotiations over President Joe Biden's sweeping investment plan, preparing a $1 trillion infrastructure proposal that would be funded with Covid-19 relief money

White House proposes lower $1.7 trillion infrastructure in GOP talks

The White House put forward a $1.7 trillion infrastructure counteroffer Friday to Senate Republicans, dropping from President Joe Biden's sweeping $2.3 trillion proposal to find common ground

Negotiations between White House, GOP over infra plan hit crucial stage

At the White House, Press Secretary Jen Psaki said "productive conversations" are underway on Capitol Hill

Analysts bullish on L&T post good operational show, strong balance sheet

27 of 28 analysts polled by Bloomberg have an add, outperform recommendation

CPP Investments pays Rs 1,005 cr for addl 15.9% stake in IndInfravit Trust

Units were bought in two separate deals--7% from Sadbhav Infra and 8.9% L&T IDPL in a deal that will happen later

Algo Rhythm: Data Centres are the new global infrastructure

The Data Centre information technology (IT) power capacity in India is expected to reach about 800 Mw during 2021-2024

White House's secret weapon on US infrastructure: Small businesses

White House officials have held a spate of private briefings with small business leaders to explain Biden's more than $2 trillion-dollar plan

Indian Railways throws weight behind port connectivity projects

India has a coastline spanning 7,516.6 km - forming one of the biggest peninsulas in the world

Q4 earnings: Capital goods industry to benefit from govt's infra push

Exports of short-cycle products are expected to improve, aiding revenue mix

Monetisation drive: Holdco for infra assets divides policymakers

A similar proposal is being considered for other infrastructure assets with other government departments

New projects inched higher in March compared to December quarter

Completed projects are down 69.4 per cent year-on-year to Rs 0.53 trillion