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17 October, 2018 4:36 PM Residential real estate sales at 22.2 mn sq ft this year, new launches decline: Report

commercial real estate in key metro cities witnessed an increase in absorption leading to a fall in vacancy as supply continues to play catch up Residential real estate clocked sales of 22.2 million square feet across major Indian cities this year as new launches declined to 7.9 mn sq ft, Kotak Institutional Equities said in a report titled Real Estate 29

17 October, 2018 11:04 AM ABB bags Rs 115 cr order from Indian Railways

Swiss power major ABBÂ on Wednesday said it has won an order worth Rs 115 crore from Indian Railways to supply traction transformers. The contract has been awarded by Diesel Locomotive Works, Varanasi, ABB said in a statement. These transformers are customized for the WAP-7 type electric locomotive. The 6,000 horsepower capacity locomotive is capable 39

17 October, 2018 10:40 AM Navy's Submarine Rescue Capability Gets Major Boost With Successful Trial

The Western Naval Command in Mumbai conducted the trials of the DSRV, which also set a record for "deepest submergence by a manned vessel" in the Indian waters, the Navy said in an official release issued late on Tuesday night. The Indian Navy's submarine rescue capabilities have got a boost with the successful maiden trials of its newly inducted deep submergence 57

16 October, 2018 5:04 PM Essel group sells four transmission projects to Sekura Energy for Rs 6,000 cr

Edelweiss Infrastructure fund- backed Sekura Energy signed an agreement to acquire two operating and two under-construction power transmission assets from Essel Infraprojects, for an enterprise valuation of Rs 6,000 crore, the companies said in a joint statement. While the operational projects are Darbhanga-Motihari Transmission and NRSS XXXI (B) Transmission 41

16 October, 2018 12:24 PM Maoists blow up railway tracks in Jharkhand

Maoists detonated a bomb on the tracks of the Chauribandh station situated between Parasnath and Hazaribagh Road. Dhanbad: The Maoists blew up railway tracks in Jharkhand's Giridih district affecting train services on the busy Grand Chord Dhanbad division for seven hours, an official said on Tuesday. On Monday at around 10.45 PM, the insurgents detonated 38

16 October, 2018 10:15 AM Massive fire breaks out at garment warehouse in Gurugram, 6 fire tenders rushed

A fire broke out at a garment warehouse near Pataudi in Gurugram district on Tuesday. Gurugram: A major fire broke out at a garment warehouse at Rewari Road near Pataudi in Gurugram district on Tuesday. According to ANI, the blaze was so massive that it soon engulfed the entire warehouse. At least six fire-tenders were immediately rushed to the spot to douse 44

16 October, 2018 9:59 AM Century Plyboards, South Indian Bank, Future Retail top gainers among BSE Group A stocks

Bulls took charge on the Dalal Street as Indian benchmark indices are trading at their higher level in the Tuesday afternoon with Nifty50 hovering around 10,600, while the Sensex is up over 300 points at 35,170. About 1718 shares have advanced, 794 shares declined, and 1002 shares are unchanged. From the BSE Group A stocks, Century Plyboards, South Indian 56

16 October, 2018 8:25 AM Two Congress MLAs resign in Goa, set to join BJP

In a major setback to the Congress in Goa, two of its Members of Legislative Assembly (MLAs) -- Subhash Shirodkar and Dayanand Sopte -- resigned as legislators on October 16, Speaker Pramod Sawant said. The two MLAs are set to join the Bharatiya Janata Party (BJP) amid its vigorous efforts to strengthen the thin majority of its alliance government in the state 43

16 October, 2018 7:05 AM D-Street Buzz: PSU bank continue to gain led by BoB; pharma, FMCG stocks drag

The benchmark indices are trading higher but off day's high in the Tuesday afternoon With Sensex gained over 200 points, while Nifty trading above 10,550 mark. Among the sector barring pharma and FMCG all other sectoral indices are trading with up to 1.5 percent gain led by Nifty PSU banks. In the FMCG pack United Spirits, ITC, United Breweries, Tata Global 26

16 October, 2018 5:03 AM Buy KNR Construction with a target of Rs 205: Nandish Shah

We recommend buying KNR Construction for the upside target of Rs 205, and keep a stop loss below Rs 178, says Nandish Shah of HDFC Securities. KNR Construction has been one of major underperformer since the last few months, which has fallen nearly 50 percent from the December high and has been in an oversold zone since last many weeks. Oscillator like RSI is showing 45