State-owned Housing and Urban Development Corporation plans to raise Rs 17.88 billion through the issuance of tax-free bonds. Under the offer, a retail investor can earn up to 7.69 per cent by subscribing to the […]
Crompton Greaves (CG) has accepted a binding letter of offer from US-based private equity firm First Reserve International Limited for sale of its international power business (across Europe, North America and Indonesia) at an enterprise […]
Canada-based pension fund Caisse de depot et placement du Quebec, along with other sovereign wealth funds (such as the State General Reserve Fund of Oman and Kuwait Investment Authority), is in advanced stages of negotiation […]
The International Finance Corporation launched its first Uridashi Masala bonds, mobilising Rs 300 million ($4.3 million) directly from Japanese household investors to promote private sector development in India. Masala bonds are rupee-denominated instruments sold to […]
The Andhra Pradesh government has earmarked Rs 26.37 billion for undertaking a number of projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) over the next five years. According to the plans, the central […]
Idea Cellular has reportedly offered Rs 40 billion to buy out Providence Equity Partners’ 16 per cent stake in the former’s subsidiary, Aditya Birla Telecom Limited (ABTL). Providence had made an investment of $420 million […]
Kochi Metro Rail Project Phase I, in Kerala, is likely to be operationalised by November 2016. The project involves the development of 36.78 km of the metro rail network at an estimated cost of Rs […]
The trial run on the Kalindi Kunj-Botanical Garden stretch (Corridor 2) of the Delhi Metro Project Phase III is expected to commence by end-September 2016. The stretch is likely to commence commercial operations by end-December […]
YES Bank has signed an agreement with the Indian Renewable Energy Development Agency to foster renewable energy development in India. The aim is to help revive green energy financing and help forge a close partnership […]
The Ministry of Urban Development (MoUD) has approved projects worth Rs 4.95 billion under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) (2015-16) for 13 cities in Assam, Jammu & Kashmir, Goa, Tripura, Meghalaya […]
Bharti Airtel has announced the roll-out of LTE-Advanced services in Kerala, becoming the first operator to commercially launch these services. Airtel has partnered with Nokia Networks to use the latter’s carrier aggregation technology across time […]
Idea Cellular has awarded a contract to Ericsson for deploying its long term evolution (LTE) network and upgrading its 2G and 3G infrastructure. The contract covers equipment, software and a range of services, including project […]
The Ministry of Heavy Industries and Public Enterprises is planning to seek cabinet permission to shut down loss-making telecom cable maker Hindustan Cables by offering voluntary retirement to its employees. This is in light of […]
Vodafone India has selected Ericsson to manage its OFC network in 10 telecom circles. The three-year contract covers operations and maintenance of Vodafone’s OFC across east and west India, spanning a distance of approximately 45,000 […]
According to the performance indicator report (PIR) released by TRAI, the performance of telecom operators in terms of call drop rates for the worst-affected cells deteriorated during the quarter ended September 2015 compared to the […]
The CAG has said that six major telecom companies – Reliance Communications, the Tata Group, Bharti Airtel, Vodafone India, Idea Cellular and Aircel – understated their gross revenue of over Rs 460 billion earned between […]
The Ministry of Communications and Information Technology has stated that operators can sell or share spectrum in the 800 MHz band in the Rajasthan, Karnataka, Kerala and Tamil Nadu circles by paying the base price […]
DoT has amended the Unified License Law to allow active infrastructure sharing among telecom operators. According to the amendments, active infrastructure sharing will be limited to antenna, feeder cable, Node B, radio access network and […]
Meanwhile, TRAI has stated that operators should not be asked to surrender excess spectrum if the maximum holding limit in a circle is changed subsequent to spectrum allocation. This comes in response to a clarification […]
The Uttar Pradesh government is in the process of preparing a plan to auction tolling rights to meet funding requirements for under-construction and upcoming road projects. Currently, construction work on the Agra-Lucknow expressway is underway, […]
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