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JCB expects to post Rs 59 bn revenue in current year

Vipin Sondhi, Managing Director and Chief Executive Officer of JCB India expects the construction equipment maker to post a gross revenue of about Rs 5,900 crore in 2013-14, the same as last year. Sondhi does not expect growth in revenue this year because of poor economic conditions. Speaking to reporters, he informed that the unfavourable domestic conditions caused the cons

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Demand for equipment lease rises

Some industry players feel that the demand for equipment leases has risen significantly over the last 60 days. However, they are not sure whether the demand is a seasonal factor or an indicator of an improving economy. According to a survey by The Equipment Leasing & Finance Foundation, overall, confidence in the equipment finance market rose to 57.3 in June from the May index of 56.7

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Odisha govt insists on payment of stamp duty

Odisha government directed district collectors to collect stamp duty by July 9 from mining companies who operate under deemed extension provision. The state government ordered that mining firms that fail to pay the amount before the above date must not be allowed to operate mines under deemed extension provision. The state government aims to garner about Rs 1,00

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Gurgaon residents complain to CM over bad roads

Fed up with the lackadaisical attitude of the Haryana Urban Development Authority (Huda) regarding the upkeep of the approach roads to Gurgaon's Sector 21, the area residents last week wrote a letter to Chief Minister Bhupinder Singh Hooda, seeking his intervention in the matter. In November, the CM of Haryana had visited the sector and ordered an immediate solution. The administrator had then promised that the road would be made in the next three months but not even a survey has been done till

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Police suggest 4-point solution to Delhi traffic problems

Delhi police have proposed a four-point proposal to decongest the stretch of NH-8 in the city due to major traffic snarls being faced by commuters because of construction of the Airport Express line along the arterial highway. The plan, submitted to Unified Traffic and Transportation Infrastructure Planning and Engineering Centre (UTTIPEC) after a careful traffic study of the area, suggests the construction of a one-way flyover, two rotaries and widening of the road. Additional Commissioner of P

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Ashoka-GVR Infra team bags Chennai ORR project

The Chennai Outer Ring Road Phase II project, costing Rs 985.44 crore, has been bagged by a consortium of Ashoka Buildcon and GVR Infra Projects. The Tamil Nadu government had earmarked Rs 1,075 crore for the project, which will decongest Chennai roads. The 62-km ORR project links the peripheral areas of the city from Vandalur in the south, about 25 km from Chennai on NH 45, to Minjur to the north of Chennai.

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Centre to sanction Rs 4,130 cr to Bihar for rural roads

The Union Rural Development Ministry has approved Rs 4,130 crore for construction of 5,700 km of rural roads in Bihar. The amount okayed by the centre is said to be the highest allotment for the State in the past 12 years. The decision to allot the amount under Prime Minister Gramin Sadak Yojna (PMGSY) in the current financial year was taken by the ministry in July, Union Minister Jairam Ramesh said in Patna.

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BRO strives to rebuild roads in flood-hit U'khand, Himachal

In Uttarakhand, the Border Roads Organisation (BRO) is striving to rebuild the roads in flood affected areas. BRO is continuing with its efforts of opening the road network in Uttarakhand and Himachal Pradesh. BRO has pressed in to service about 130 excavators and bulldozers. Despite bad weather BRO has kept open both the main axis i.e. Rishikesh to Uttarkashi and Rishikesh - Joshimath ? Govindghat in Uttarakhand.

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Manipur govt mulls to widen all key roads in state

The Manipur government has sent a proposal to the Union government for upgradation of Jiribam-Churachandpur Road and widen all important roads in the state, the State Works Minister Kh Ratankumar said. The Minister was speaking as chief guest at a foundation laying ceremony for an RCC Bridge which is to be constructed over Khuga River to connect Lamjangphai and Thingchom in Churachandpur district on June 6.

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Rohtak to get Rs 1,500 cr rail, road projects

Road and rail projects worth Rs 1,500 crore will be launched in Haryana's Rohtak Parliament constituency on July 28, Rohtak MP Deependar Hooda said on July 7. The railway line from Hansi to Rohtak via Meham and four-laning of the Hisar-Delhi national highway would be completed soon, the MP said.