Sports Hub’s Breach of Contract

Dragages Singapore, a construction company is claiming 14.8 million Singaporean dollars in a lawsuit against 2 Hong Kong firms over alleged breach of contract. Dragages has said that the firms did not carry out their part of the deal for the roofing works at the Singapore Sports Hub.

Dr...

INDIAN BANK TO DIVEST STAKE IN ASREC

HIGHLIGHTS

• Indian Bank wishes to divest its stake in ASREC (India).
• Other shareholders in ASREC include Deutsche Bank, Bank of India, LIC of India, and Union Bank of India.
• ASREC has acquired many NPAs from these banks.

Re...

CONSTRUCTION COMPANIES IN THE UK REPORT AN INCREASE IN THEIR ACTIVITIES

Highlights –

• Construction companies in the UK report an increase in their activities.
• Companies reported growth in construction services for the month of June.
• Only 7 % of the British economic output accounts for construction se...

Manufacturer addresses insufficient protection spread

Kochi: A manufacturer, whose undertaking is contiguous one of the apartment buildings planned to be crushed at Maradu, has moved toward the high court, asserting that the protection benefited by the state government for potential harms is deficient. While the strategy profited by the administrati...

UAE Opens Worlds Biggest Offshore Oil Platforms

The worlds biggest seaward oil stages have been formally initiated subsequent to being made in the UAE by the National Petroleum Construction Company (NPCC) – a piece of Senaat – for ADNOC. The Umm Lulu Gas Treatment Plant (ULGTP) was initiated on Wednesday by Sheik Hazza receptacle Zayed Al Nahy...