Third-party logistics players continued to be the top occupiers of industrial and warehousing space, contributing to over 40% in the total warehousing demand. Industrial and warehousing leasing activity across the top five cities – Chennai, Mumbai, Delhi NCR, Pune, and Bengaluru– remained buoyant during the first quarter of 2024 at 7 million square feet, with… Continue reading Industrial and warehousing leasing remained buoyant in India in Q1-2024
Author: Economic Times of India Online News
Shareholders approve pay package of Stellantis CEO
Stellantis said in February that it would share 1.9 billion euros among its employees worldwide. For French workers, that will mean a minimum of 4,100 euros. Stellantis shareholders on Tuesday approved a controversial 36.5-million-euro (USD 38.75 million) pay package for chief executive Carlos Tavares. Tavares defended the 2023 payout, a 56% jump from 2022, ahead… Continue reading Shareholders approve pay package of Stellantis CEO
NTPC green to file DRHP by July, aims for listing by November
The power generator’s subsidiary will be the flag bearer of its aim to add 60 GW renewable energy capacity by 2032. NTPC Ltd‘s green energy arm is likely to file a draft red herring prospectus for listing on the bourses by July with an aim to go for a INR 10,000-crore initial public offering (IPO)… Continue reading NTPC green to file DRHP by July, aims for listing by November
Exporters face logistical turbulence as shipment expenses rise by 40%
Samir Mankad, said, “We are making efforts to resume operations at the cargo centre, but delays in receiving critical equipment from overseas suppliers has hindered progress.” Gujarat, known for its entrepreneurial spirit and robust export sector, faces challenges due to the prolonged closure of Gujarat Agro Limited’s (GAL) Cargo Complex and the Red Sea crisis.… Continue reading Exporters face logistical turbulence as shipment expenses rise by 40%
India to add 13,000 km of new highways in 2024-25: ICRA report
Government investment in highway infrastructure shot up to INR 2.4 lakh crore in 2022-23 from INR 51,000 billion crore in 2013-14. New Delhi, India is expected to maintain its rapid pace of road construction with the addition of up to 13,000 kilometres in the financial year 2024-25, an increase of 5 to 8% over the… Continue reading India to add 13,000 km of new highways in 2024-25: ICRA report
CASE India rolls out 20,000th vibratory compactor from Pithampur, MP, facility
The Vibratory Compactor assembly line at Pithampur facility began operations in 1996, with the 1104 as its inaugural model. New Delhi: CASE Construction Equipment, a brand of CNH, has rolled out 20,000th Vibratory Compactors from its facility in Pithampur, Madhya Pradesh, the sole manufacturing hub of CNH for compactors globally . The company aims to… Continue reading CASE India rolls out 20,000th vibratory compactor from Pithampur, MP, facility
Coal keeps powering India as booming economy crushes green hopes
Alternative energy solutions haven’t yet caught on for financial, political and safety reasons. Built along a stretch of salt flats in southern India, the Tuticorin power plant epitomizes a quagmire for the world’s fastest-growing major economy: how to provide reliable energy to 1.4 billion people. For starters, the 1,050-megawatt coal plant, one of the region’s… Continue reading Coal keeps powering India as booming economy crushes green hopes
GPS Renewables raises USD 50 mn in debt financing
It has set up over 100 biogas plants and has an order book of USD 240 Million (INR 2,000 Crore) and MoUs worth USD 540 Million (INR 4,500 Cr) for the execution of multiple compressed biogas (CBG) plants across the country. Bengaluru-based renewable energy firm GPS Renewables has raised USD 50 Million (INR 411.50 Crores)… Continue reading GPS Renewables raises USD 50 mn in debt financing
Committed to develop sustainable, environmentally friendly national highway network: NHAI chief
Various panel discussions with senior officials and industry experts were held during the workshop which provided key insights into different aspects of development of environmentally sustainable road infrastructure. Chairman, National Highway Authority of India, Santosh Kumar Yadav said, “We are committed to develop sustainable and environmentally friendly national highway network. Today, there is a greater… Continue reading Committed to develop sustainable, environmentally friendly national highway network: NHAI chief
Kochi Metro to launch more feeder e-autos
KMRL is also planning to launch an integrated public transport system interlinking Metro trains, Water Metro boat services and buses in the city. The Kochi Metro Rail Ltd (KMRL) has invited expressions of interest (EoI) for operating more e-autorickshaws as feeders from Metro stations. As per the EoI document, KMRL aims to ensure that its… Continue reading Kochi Metro to launch more feeder e-autos