Day: 10 July 2023

PE activity in real estate declines 5% in Q1 FY24 – ANAROCK Capital

Vijay Raman

  ANAROCK Capital FLUX Q1 FY24   PE activity marginally declined by 5% in Q1 FY24 given the elevated interest rates   Q1FY24 saw a mild softening in reported deal activity when as compared to Q1FY23 on a headline basis, finds ANAROCK Capital’s report FLUX for Q1 FY24. The reported numbers were propped up by a single large deal which accounted for about 3/4th of the overall deal activity.   Shobhit Agarwal, MD & CEO – ANAROCK Capital, says, “Excluding this deal, private equity activity remained subdued owing to a high interest rate…

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Lay foundation stone for various development projects worth over Rs 24,300 crore laid in Bikaner, Rajasthan

Vijay Raman

The Prime Minister, Shri Narendra Modi laid the foundation stone and dedicated to the nation development projects worth over Rs 24,300 crore in Bikaner, Rajasthan today. The projects include the dedication of the six-lane Greenfield Expressway section of the Amritsar – Jamnagar Economic Corridor at a cost of around Rs 11,125 crores, Phase-I of the Inter-State Transmission Line for Green Energy Corridor worth around Rs 10,950 crores, Bikaner to Bhiwadi Transmission Line to be developed by Power Grid at a cost of around Rs 1,340 crores, and a new 30-bedded…

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Several new development projects launched in Telangana’s Warangal

Vijay Raman

The Prime Minister, Shri Narendra Modi laid the foundation stone for several crucial infrastructure development projects in Telangana worth around Rs 6,100 crores in Warangal, Telangana today. The development works include 176 km long National Highway Projects worth over Rs 5,550 crores and a Railway Manufacturing Unit in Kazipet to be developed at a cost of over Rs 500 crores. The Prime Minister also performed darshan and pooja at Bhadrakali Temple.   Addressing the gathering, the Prime Minister remarked that even though Telangana is a relatively new state and has…

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Mobile App developed for quick reporting of fish diseases and timely scientific advice to aquaculture farmers

Vijay Raman

Fish is considered as one of the healthiest a source of animal protein and omega 3-fatty acids, and offers immense potential to mitigate malnutrition. Aquaculture is one of the fastest growing food producing sectors, and has immense role to play in meeting the rising demand for protein. Further, the sector provides livelihood and employment to about 3 crore fishers and fish farmers in the country. Foreseeing the immense potential for development in the sector and to bring Blue Revolution, the Government of India has implemented a flagship scheme “Pradhan Mantri…

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Chandrayaan-3, scheduled to be launched from Sriharikota this week

Vijay Raman

Chandrayaan-3, scheduled to be launched from Sriharikota this week, will make India the fourth country to land its Spacecraft on the surface of the Moon.   Stating this here today in an exclusive interview to a news agency, Union Minister of State (Independent Charge) for Science and Technology, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr Jitendra Singh said that Prime Minister Narendra Modi's recent USA visit was marked by significant Space related agreements indicating that the countries which had started their Space…

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