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Road cos hit fast lane on govt spend

DNMUM400827 | 11/15/2017 | Author : Sumit Moitra | WC :409

Construction equipment suppliers see rise in demand

Kolkata: Construction equipment sector is on a roll following the massive government push on roads through projects like Bharatmala for highway construction and Pradhan Mantri Gram Sadak Yojana (PMGSY), which aims to improve rural connectivity.
The investment in road sector is expecting yearly growth of 20% over the coming years, triggering demand for construction machinery and vehicles.
“Investment cycle has started with road sector construction equipment industry to grow at a compounded annual growth rate of 20%-plus,” Srei Infrastructure Finance officials said during the company’s second quarter earnings presentation.
In August and September this year, the construction equipment industry grew 25-30% and the momentum
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Caught in a handshake
DNMUM424659 | 10/23/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :612

As start-ups race ahead to acquire emerging competitors, a clutch of high-profile, big branded start-ups are debating mergers with their equally competent rivals.
Speculation about an Ola-Uber merger in India has been gathering storm since a whil
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Why ship repair yards lag global peers
DNMUM424668 | 10/23/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :795

Mumbai: Drydocking facilities for ship repairs in India are far from adequate as compared to shipbuilding capacities. Hence, the country’s ship repair industry is no match for the global competition.
As per a research paper - A Comparative Study o
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ZEE secures tech patent from US
DNMUM424672 | 10/23/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :123

Mumbai: Global media and entertainment firm ZEE Entertainment Enterprises Ltd (ZEE) has secured a patent from the United States (US) for a technology platform developed by its unit ZEE Media Lab in the Silicon Valley.
Built on robust and state-o
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Nokia bets on 4G feature phones
DNMUM424673 | 10/23/2018 12:00:00 AM | Author : Mansi Taneja | WC :617

New Delhi: The latest entrant in the fast-growing 4G feature phone market, Nokia, is betting big on the category that has created enough buzz in the last year since the new telecom player Reliance Jio launched its 4G feature phone at dirt cheap price
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