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Bumps abound for Indian builders, engineering: UTI

There is little respite seen for India's battered engineering companies this year as rising borrowing costs could delay projects.

Indian construction firms, eager to raise capital but gripped by soaring interest rates are seeking to sell stakes in infra projects.

Flooded with huge investements, infrastructure has emerged as the top employment generator.

Government may exempt value-added steel from the purview of export duty if products are made out of imported raw material.

Government on Thursday gave a go-ahead to increase authorised capital in infrastructure finance firm IIFCL to Rs 2,000 crore.

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