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Mamnoor Airport to Join Global Aviation Network

The Mamnoor airport in Warangal is gearing up for a transformational milestone that will integrate it into the global aviation network. Once operational, the airport will be capable of accommodating international aircraft such as the Airbus A320 and Boeing B737, widely used by airlines like Air India, Akasa Air, IndiGo, and SpiceJet. The upgrades include a new runway, signal tower, security systems, and other critical infrastructure aligned with DGCA technical and safety standards under the Aircraft Act. Initially, the airport will cater to domestic routes with 100-passenger capacity aircraft,..

UltraTech Cement's NCD Issuance, Profit Drop

UltraTech Cement Ltd. has approved issuing ?1,000 crore in unsecured redeemable non-convertible debentures (NCDs) through private placement. The NCDs, with a 10-year tenor and an interest rate of 7.22%, will mature on November 24, 2034, and be listed on the National Stock Exchange (NSE). The company’s financial performance in Q2 FY25 revealed a 36% drop in net profit to ?825 crore from ?1,280 crore in the corresponding period last year. Revenue stood at ?15,635 crore, marking a 2% decline year-on-year. Additionally, EBITDA fell by 21% to ?2,019 crore from ?2,550 crore in Q2 FY24, while the o..

Goyal urges real estate sector to embrace eco-friendly practices

Union Minister Piyush Goyal, in response to growing pollution concerns in the national capital, called on real estate developers to implement environmentally sustainable construction methods. Speaking at the 25th foundation day of the Confederation of Real Estate Developers' Associations of India (CREDAI), Goyal proposed that the industry body form a team to assess the impact of construction activities on air quality in 20 major cities. The Minister emphasised the use of modern construction practices, such as steel and precast fabrication, to reduce pollution levels and expedite project timel..