You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Mumbai harbour dredging plan cost up 154%

DNMUM380128 | 12/26/2016 | Author : Ateeq Shaikh | WC :896


Mumbai: In a decade, the cost for deepening and widening of Mumbai’s harbour and port channels has shot up by 154% from Rs 800 crore to Rs 2,029 crore, and by the time the project is completed, there may be more price revisions.
The plan to deepen and widen Mumbai harbour channel and port channel (Phase II) for the benefit of Jawaharlal Nehru Port Trust (JNPT) and Mumbai Port Trust (MbPT) has now reached for a green nod and may take some more time before the work commences.
The estimated project cost was pegged at Rs 800 crore and revised to Rs 1,055 crore. Half a decade ago, the cost was estimated at Rs 1,571.60 crore, but now it has shot up to Rs 2,029 crore. There are also plans for developing an Emergency Anchorage, but
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


Sensex rises 193 points as IT stocks zoom
DNMUM383587 | 2/21/2017 12:00:00 AM | Author : DNA Correspondent | WC :213

Markets ended with gains on Monday led by rally in IT stocks after TCS announced a share buyback of Rs 16,000 crore. The BSE Sensex climbed up 192.83 points, or 0.68%, closing at 28661.58 while Nifty closed at 8879.20 after rising 57.50 points, or 0.
Add To LightboxCalculate Price

Irdai rules to ease claims settlement
DNMUM383588 | 2/21/2017 12:00:00 AM | Author : Kumar Shankar Roy | WC :579

The Insurance Regulatory and Development Authority of India (Irdai)’s latest exposure draft regulation on protection of policyholders’ interests is expected to simplify insurance sales, streamline claim settlement turnaround time, and address grievan
Add To LightboxCalculate Price

Tyre companies may hit a bump
DNMUM383589 | 2/21/2017 12:00:00 AM | Author : G Chokkalingam | WC :424

On March 29, 2016 in this column we had written on tyre stocks positively (“Tyre stocks set for re-rating”). Since then the combined market cap of top four tyre stocks moved up by 25%. One of the major reasons for such return was global deflationary
Add To LightboxCalculate Price

‘Decade is about home automation, IoT’
DNMUM383590 | 2/21/2017 12:00:00 AM | Author : Ateeq Shaikh | WC :558

Help Me Build is a technology-centric and social commerce platform with a managed multi-vendor marketplace. It focuses on interior design and architecture related ideas, inspirations, and integrated project solutions. Its founder and CEO Prasoon Shri
Add To LightboxCalculate Price