Mumbai, April 21 (IANS) Transformers and Rectifiers (India) Limited on Tuesday reported a 5.18 per cent decline in its consolidated net profit for the quarter ended March 2026 (Q4 FY26).The company posted a net profit of Rs 89.28 crore during the quarter, compared to Rs 94.16 crore in the corresponding period last year (Q4 FY25), as per its regulatory filing.The Board of Directors has recommended a dividend of Rs 0.25 per equity share of face value Rs 1 each, subject to approval by shareholders …
Latest Infrastructure News & Updates
New Delhi, April 20 (IANS) The US is stepping up its investments in infrastructure projects in Africa to counter China’s influence as the race for critical minerals, such as copper, cobalt, lithium, and rare earth elements, gathers pace in the aftermath of the trade war between the two countries.Chinese engagement in African mining operations has evolved into comprehensive value chain integration spanning exploration, production, transport, and processing stages. Major Chinese companies have e…
Mumbai, April 20 (IANS) India’s primary market remained strong in FY26 with 153 IPOs collectively raising Rs 2,01,442 crore, even as broader equity markets underwent a correction, a new report said on Monday.In its outlook for FY27, HDFC Securities highlighted that robust IPO activity reflects sustained investor appetite and confidence in India’s growth story despite global uncertainties and market volatility.The report noted that India’s macroeconomic fundamentals remain resilient, with r…
New Delhi, April 20 (IANS) Probationary Officers of the Indian Railways from the 2022 and 2023 batches, along with Assistant Executive Engineers of the Central Engineering Service (Roads) from the 2021, 2022, 2023 and 2024 batches, met President Droupadi Murmu at Rashtrapati Bhavan on Monday.Addressing the officers, the President said they had entered public service at a crucial juncture in India’s development journey, noting that the country is moving forward with the shared vision of buildin…
New Delhi, April 17 (IANS) The Maharashtra Housing and Area Development Authority (MHADA) on Friday unveiled the master plan for the redevelopment of Motilal Nagar 1, 2, and 3 in Goregaon West, marking a major milestone in what is being described as India’s largest urban redevelopment project.Spread across approximately 143 acres in the suburban heart of Mumbai, the project will be executed under the Construction and Development Agency (C&DA) model, with the Adani Group selected as the imp…
Patna, April 17 (IANS) Newly sworn-in Bihar Deputy Chief Minister and Janata Dal-United (JD-U) leader Bijendra Prasad Yadav on Friday denied that migration is an issue in the state. He maintained that people do go to different states and even countries for employment purposes.Moreover, he mentioned that the new government, under Chief Minister Samrat Choudhary, will prioritise industries for employment opportunities and would primarily focus on agro-based industry.During an interaction with IANS…
New Delhi, April 16 (IANS) India’s artificial intelligence (AI) roadmap should be built on the principles of affordability and accessibility, Ravi Shankar Prajapati, Joint Director at the Bureau of Energy Efficiency, said on Thursday.He was delivering the keynote address at a policy roundtable titled “Roadmap for AI and Sustainability in India,” organised by Chintan Research Foundation in association with The Dialogue here.Prajapati stressed that India’s AI ambitions are entering a decis…
New Delhi, April 16 (IANS) Prime Minister Narendra Modi on Thursday expressed confidence that the partnership between India and Austria will get “more innovation-centric and future-ready”.PM Modi’s statement came after he met Austrian Chancellor Christian Stocker and discussed ways to deepen cooperation in areas like innovation, infrastructure, and sustainability.He stated that both nations are committed to adding new energy to trade and investment linkages.”Held very productive discussions with…
New Delhi, April 16 (IANS) Prime Minister Narendra Modi on Thursday announced that India and Austria will strengthen their partnership in defence, semiconductors, quantum, and biotechnology. Addressing a joint press meet with visiting Austrian Chancellor Christian Stocker, PM Modi stated that India and Austria will ensure reliable technology and supply chains for the entire world by combining Austria’s expertise with India’s speed and scale.”India and Austria have remained trustworthy partners i…
Itanagar, April 14 (IANS) Arunachal Pradesh Chief Minister Pema Khandu on Tuesday described the Siang Upper Multipurpose Project (SUMP), a mega hydropower initiative with a proposed generation capacity of 11,000 MW, as a project of national strategic importance, not only for the state but for the entire country. The SUMP, estimated at Rs 1.5 lakh crore, is expected to significantly transform the development landscape of Siang district, whose name derives from the mighty Brahmaputra River, loc…