Omaxe Group acquires 5 acres of RLDA land in Ludhiana for Rs 220 cr
The Omaxe Group, one of the leading real estate developers of NCR, has secured more than 5 acres of prime land at Gumar Mandi Fountain Chowk in Ludhiana through a competitive bidding process conducted by the Rail Land Development Authority (RLDA).

Godrej Fund set to sell 3 floors in BKC project for Rs 900 crore

Godrej Fund Management, the real estate private equity firm of Godrej Group, is close to selling office space spread across three floors in commercial project Godrej BKC in Mumbai's Bandra-Kurla Complex to Max Life Insurance for around '900 crore, said people with direct knowledge of the development.

Revival of India Cements’ earnings is easier said than done
Exposure to non-core assets has been a nagging issue for investors in The India Cements Ltd stock, especially given the liquidity crunch it is facing. The recent sale of a land parcel in Andhra Pradesh to UltraTech Cement Ltd for ₹70 crore reflects the management’s intent to monetize non-core assets, something it has been talking about. The aim is to meet working capital requirements, fund near-term capital expenditure and repay debt.

Ministry weighs fenced-off highways within easy reach
India will have a wide network of fenced-off highways and expressways in the next 10-15 years that will allow commuters to get on to them by travelling no more than 100 km from wherever they begin their journey, a top road ministry official said.

Railway employees union demands productivity-linked bonus on the basis of 7th pay commission
New Delhi: Indian Railway Employees Federation (IREF) has written to the railways demanding an enhancement in the productivity-linked bonus (PLB) that the workers get every year ahead of the festive season. The railways pay PLB, which is equivalent to 78 days' wages, to all non-gazetted employees (Group C and Group D) as an incentive to increase productivity and ensure safety. The PLB is calculated on the basis of the minimum salary paid to the lowest grade (Group D) employees.

Indian Railways’ Kavach to be installed by North Western Railway zone! Know timeline, cost, and all about this safety system
Indian Railways has made ‘Safety’ its topmost priority and is undertaking various initiatives to ensure the prevention of train accidents. In this context, the national transporter has indigenously developed an automatic train protection system – Kavach (Train Collision Avoidance System). The move aims at preventing accidents due to human error resulting in Signal Passing at danger and over-speeding.