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This week, “Reliance Infrastructure proposed demerger is being postponed to April 1, 2017. Bombay High court is hearing the scheme of demerger.” NCC Ltd receives ratings from ICRA
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On March 23, 2017 the credit rating agency, ICRA has provided following ratings to NCC Ltd.,
- The ratings assigned reflects the strong order book position of NCC with pending order book position of Rs. 20,466 crore as on December 31, 2016 (2.46 times of the OI in FY2016) which provides revenue visibility over the medium term.
Emami partners with Sheth Corp to develop luxury homes
- Emami Group has partnered with Sheth Corp, and plans to invest Rs 350 crore to develop a luxury residential project named ‘Montana’ in Mulund, Mumbai.
Reliance Infrastructure demerger plan delayed
- Reliance Infrastructure proposed demerger is being postponed to April 1, 2017. Bombay High court is hearing the scheme of demerger.
- States to lock horns to grab a bounty of 10,000 crores for road projects
- The government is all set to roll out Smart City like grand challenge scheme for the states to compete with each other to fetch Rs 10,000 crore every year as a grant for their various road projects, informed a senior official.
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