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Builders cry foul over soaring cement prices

A conflict between builders and cement firms has intensified over a recent decision by producers to hike prices for the fourth time in two years, according to industry officials, Tuesday. Last Friday, Sungshin Cement sent a letter to ready-mixed concrete truckers notifying its plan to increase cement prices by 14.3 percent in July. This came after Ssangyong C&E declared a 14.1 percent hike in its cement price effective next month. Both companies suffered operating losses during the first quarter of this year. ....

Soult Ukpyolsi , South Korea , Kyonggi Do , Sungshin Cement , Sampyo Cement , South Korea , He Korea Times , Orea Times , Orean News In English ,

CBI arrests South Mumbai builder in Rs 280 crore bank loan fraud case

The Central Bureau of Investigation (CBI) has arrested Harresh Mehta, a leader building of South Mumbai in connection to a Rs 280 crore bank loan fraud case, said officials. ....

Harresh Mehta , Central Bureau Of Investigation , Rohan Constructions Ltd , Rajput Retail Limited , Rohan Life Spaces Ltd , Central Bureau , South Mumbai , Offences Wing , Indian Penal Code , State Bank , Land Scam , Economic Offense , Ews India ,