Reliance Power, Finance Shares Drop
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
Awfis Expands Presence in GIFT City
Awfis has announced the leasing of a 30,221 sq ft co-working center in Gujarat International Finance Tec-City (GIFT City), located in Gandhinagar. This strategic move enhances Awfis’s footprint in Ahmedabad, bringing its total built-up area in the city to approximately 83,500 sq ft. Amit Ramani, the chairman and managing director of Awfis, emphasized the company's ambitious expansion strategy. Awfis plans to add 40,000 new seats in the fiscal year 2025, aiming to reach a total capacity of 135,000 seats by the end of that period. This significant growth reflects the increasing demand for fle..
U.S. Builder Confidence Rises Amid Falling Mortgage Rates
U.S. home builder confidence increased in September, marking a break from four consecutive months of decline, as mortgage rates fell. The NAHB/Wells Fargo Housing Market Index rose to 41, up from 39 in August, surpassing economists' expectations of 40. This shift indicates the first positive outlook for future home sales since May. Despite the rise, builder confidence remains low, largely due to ongoing construction costs and inflation. The Federal Reserve's anticipated rate cuts are expected to ease mortgage interest rates and reduce costs for land development and construction loans. Notably,..
Uttar Pradesh Targets Green Hydrogen Surge
Uttar Pradesh has set an ambitious target to produce 1 million metric tonnes of Green Hydrogen and Green Ammonia annually by 2029, aiming to secure a leadership position in the renewable energy sector. The state government has already received investment proposals worth ?1.15 lakh crore from 17 entities, promising to create around 20,000 jobs across the region. Among the notable investors, UK-based Trafalgar Square Capital plans to establish a 10,000-tonne-per-year green hydrogen production facility near Lucknow. Additionally, Welspun Group will invest ?40,000 crore in Bulandshahr for a Green ..