Global

Australia may review $10-billion GVK project

April 13, 2013by admin
Penalties for this offence include fines up to Australian $102,000, imprisonment of up to two years, or both.

The Australian Government may review environmental clearances given to the $10-billion port project. Read More

Posted in Global | Leave a comment

Vietnam looks at India for infra projects

January 17, 2013by admin
After holding bilateral talks with Vice-President Hamid Ansari, Vietnam’s Vice-President Nguyen Thi Doan said, “We welcome Indian enterprises to invest in Vietnam in the fields where India has strength and Vietnam has demand, including infrastructure development, seaport construction, steep production, power generation and electronics, oil exploration.”

Hanoi has sought India’s expertise in developing infrastructure, construction of seaports, etc. Read More

Posted in Global, Infrastructure | Leave a comment

Termination of Male airport contract stayed

December 4, 2012by admin
"GMR Male International Airport Pvt Ltd (GMIAL) is pleased to advise that the High Court of Singapore has today granted injunctive relief against the applicability and operations of Letter dated November, 27 issued by the Ministry of Finance & Treasury (MoFT), Government of Male," said GMR Infrastructure in a statement here.

In a reprieve to Indian infrastructure major GMR, the Singapore High Court today stayed the Maldives Government’s decision to terminate the USD 500 million contract awarded to a consortium led by it for modernising the Male international airport. Read More

Posted in Global | Leave a comment

London’s Berkeley group woos Indians

September 7, 2012by admin
According to Knight Frank, 3.6 per cent of Indian invest in prime central London.

Berkeley group is wooing Indian investors to buy homes in its luxury housing project. Read More

Posted in Global | Leave a comment

Housing starts bright spot in bleak US

July 20, 2012by admin
But since housing makes up a smaller share of the economy than before the 2007-2009 recession, it can provide only a limited lift to the broader recovery.

Ground-breaking on new US homes in June rose to its fastest pace. Read More

Posted in Global, Real Estate | Leave a comment