Latest Sectors News
The residential sector in India is supported by strong demand and lifestyle aspirations. A Colliers report indicates resilient housing sales, driven by long-term homeownership and selective purchasing amid affordability concerns. View More
Chris Broomfield transformed five acres into a thriving hospitality business. His first A-frame cabin generated significant revenue after its 2018 listing. Subsequent unique cabins, like a treehouse, also achieved substantial financial success. Broomfield's ventures have now earned over $2.1 million in total revenue. He continues to expand his cabin empire for his family's future. View More
Delhi and Dhaka have resumed official-level talks to firm up plans for Bangladesh Prime Minister Tarique Rahman's bilateral visit to India, multiple reports claimed on Friday. View More
A legendary estate in Holmby Hills, previously owned by Rod Stewart, has fetched an impressive $86 million. The sprawling six-acre property was split into two parcels, with television producer David Zander acquiring the main mansion for $57 million. Meanwhile, Nick Kaiser purchased a smaller parcel complete with a historic cabin for $29 million. This notable sale underscores the ongoing allure of grand historic properties. View More
A legendary estate in Holmby Hills, previously owned by Rod Stewart, has fetched an impressive $86 million. The sprawling six-acre property was split into two parcels, with television producer David Zander acquiring the main mansion for $57 million. Meanwhile, Nick Kaiser purchased a smaller parcel complete with a historic cabin for $29 million. This notable sale underscores the ongoing allure of grand historic properties. View More
A legendary estate in Holmby Hills, previously owned by Rod Stewart, has fetched an impressive $86 million. The sprawling six-acre property was split into two parcels, with television producer David Zander acquiring the main mansion for $57 million. Meanwhile, Nick Kaiser purchased a smaller parcel complete with a historic cabin for $29 million. This notable sale underscores the ongoing allure of grand historic properties. View More
Modularization refers to a project delivery method where entire process units are prefabricated in controlled off-site factories and then transported for rapid on-site assembly. View More
Mumbai: EPC major Larsen & Toubro (L&T) sees the company cornering a 20% or upto $30 billion share of the $150 billion dollar modularization market in the next five years, company executives said on Friday. “Modularisation is a game changer in the delivery of large and complex energy projects," said Subramanian Sarma, Deputy Managing Director & President, Larsen & Toubro. He added that by shifting substantial construction, integration, testing and pre-commissioning activities from the project site to a controlled fabrication environment, it enables parallel execution, strengthens safety and quality oversight, improves predictability and reduces complexity at site. This, Sarma added will allow L&T to tide over the labour shortage issues as well. Also read | The big winners from India coffee craze may not sell coffee at all Live Events S N Subrahmanyan, Chairman & Managing Director, Larsen & Toubro, said the company is facing shortage of 60,000 labourers as of today. Modularization refers to a project delivery method where entire process units are prefabricated in controlled off-site factories and then transported for rapid on-site assembly. On Friday L&T announced that it has completed fabrication and delivery of 110 modules weighing approximately 64,000 metric tonnes,for Project CERES, Australia’s largest urea manufacturing plant with a capacity of 2.3 MTPA. The project is being developed by Perdaman Chemicals & Fertilisers in Karratha, Western Australia, under the Saipem-Clough joint venture. L&T’s pre-assembled 47 units and 63 Pre-assembled racks, fabricated at the Company’s modular fabrication facility at Kattupalli, near Chennai, India. Also read | India’s Apple iPhone obsession grows and grows The modules were shipped from India to Karratha across 23 marine shipments in fully tested, pre-commissioned and ready-to-install condition, the company said. "We continue to explore new modularization ideas and data centers, prefabricated bridges, precast columns and other industrial constructed solutions," said Subrahmanyan, adding that the company has also started a cell for doing small modules. "We believe we can do it even further and take on even more complex projects. The aim has always been simple, faster execution, higher quality, superior safety and on time delivery through construction that is standardized, industrialized and predictable," he added. The company added that with modularization coming in there is a very high probability of addressing the risks of cost and time over runs. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Mike Love, the iconic singer of the Beach Boys, has put his stunning Lake Tahoe estate on the market for an impressive forty-three million dollars. This beautiful property has been cherished by his family for over 40 years. Originally purchased as undeveloped land, this expansive estate now showcases breathtaking lake and mountain views, providing a serene retreat. View More
Mike Love, the iconic singer of the Beach Boys, has put his stunning Lake Tahoe estate on the market for an impressive forty-three million dollars. This beautiful property has been cherished by his family for over 40 years. Originally purchased as undeveloped land, this expansive estate now showcases breathtaking lake and mountain views, providing a serene retreat. View More