Projects

Five Major Port Trusts - Paradip, Mormugao, JNPT, New Mangalore and Deendayal – have been issued directives to take up development of the National Waterways (NWs) which are located in their vicinity.

Defence Research and Development Organizations (DRDO) has tested the Ballistic Missile Interceptor Advanced Area Defence (AAD) on 2 August 2018 from Abdul Kalam Island in Odisha.

National Highways Authority of India (NHAI) is getting an unsecured loan of Rs.25,000 crore from State Bank of India for 10 years with 3 years of moratorium on repayments.

National Institution for Transforming India (NITI) Aayog will host an investors’ conference on 10 August 2018 for the development of eco-tourism on the Andaman & Nicobar, and Lakshadweep Islands on Public Private Participation basis.

The 25 bps increase in the repo rate announced on 1 Aug 2018, the third bi-monthly monetary policy, was in line with our expectations, writes Anuj Puri, Chairman - ANAROCK Property Consultants.

The Cabinet has approved the first extension of Concessional Financing Scheme (CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad.

Symantec Corporation (NASDAQ: SYMC), the world’s leading cyber security company, has enhanced expansion of its Security Operations Center (SOC) in Chennai.

The Federation of Indian Chambers of Commerce and Industry (FICCI) welcomes the award of the Strategic Trade Authorization-1 (STA-1) status by the United States, giving India access to the advanced technology.

The Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs) projects is projected at Rs.7.63 lakh crore, Minister of State for Planning and Chemicals & Fertilizers, Rao Inderjit Singh, has told parliament.

Noida-based Nuberg EPC has secured a US$53 million turnkey project contract from Saudi Arabia’s Middle East Chemicals Company Ltd (Midchem).