FreePress India

For the second time in ten months, infrastructure construction company Gammon India has been held responsible for an accident. Earlier, it was flyover accident at Panjagutta in the heart of Hyderabad and now collapse of a part of an under construction Delhi Metro line on Sunday. The pillar holding up the overhead railway tracks collapsed … Read more Gammon India involved in Delhi Metro Mishap

BGR Energy Systems, the EPC company for power projects, has received a turnkey EPC of balance of plant (BOP) contract from Maharashtra Power Generation Corporation (MAHAGENCO) for execution of the 2×500 MW Chandrapur Super Thermal Power Stattion (STPS) expansion project at Chandrapur, Maharashtra. The contract is valued at Rs 1631.80 crore and is expected to … Read more BGR Energy bags contract worth Rs 1632 crore

The Indian auto ancillary industry is sitting on a double-edged sword that has presented a bleak prospect for the industry in the near term. On one hand, Chrysler and General Motors bankruptcies have adversely affected the revenue visibility of the industry, the depreciation of the rupee against the dollar is likely to further grim the … Read more Indian Auto industry hit from US auto bankruptcies: Fitch

India may face serious food inflation as the south-west monsoon is showing fresh signs of a poor delivery. While the government is trying to ready some backup plans, the overall impact on agriculture if monsoon trips may be disastrous. The heightened worries regarding monsoon came after Australia’s weather bureau warned that the development of an … Read more Food inflation may get worse as monsoon likely to remain well below LTA