Trial landing at the Kannur International Airport, Kerala was conducted on February 29, 2016. The airport is expected to become fully operational by September 2016. Built at an estimated cost of Rs 18.92 billion, it […]
The City and Industrial Development Corporation (CIDCO) plans to invite requests for proposal for the Navi Mumbai International Airport Project from three qualified bidders after March 20, 2016. The Maharashtra Project Monitoring and Implementation Committee […]
Recarpeting and repair works on the 3.5 km runway of the Sardar Vallabhbhai Patel International Airport in Ahmedabad, Gujarat, will commence from April 16, 2016, at an estimated cost of Rs 270 million. Currently, recarpeting […]
The new international terminal (Terminal 3) of the Cochin International Airport has been inaugurated. It will be fully operational by May 2016. Developed at a cost of Rs 10 billion, the terminal has a peak-hour […]
International ratings agency Fitch is expecting the non-performing asset ratio of banks to improve marginally to 10.9 per cent by the end of this fiscal year from 11.1 per cent in 2014-15. According to Fitch, […]
Meanwhile, the MoCA plans to scrap the 5/20 norm for flying overseas. Instead, it is considering the introduction of a 0/20 total capacity model. Under the proposed model, airlines are required to allocate 20 aircraft […]
CRISIL has cut both the short-term and long-term rating of Jindal Steel and Power Limited (JSPL) to CRISIL D from CRISIL A4+ and CRISIL BB+ respectively. JSPL has issued a statement clarifying that the reduction […]
Air India Express, a subsidiary of Air India, is expected to report a profit of Rs 2.5 billion in 2015-16, against a loss of Rs 610 million in 2014-15, on the back of higher aircraft […]
Power Grid Corporation of India Limited’s (Powergrid) board has approved investments aggregating Rs 8.85 billion in two projects. Of this, Rs 8.09 billion is for the strengthening of transmission systems for the transfer of power […]
The cabinet is planning to approve two mega port projects involving initial investments of Rs 150 billion. The ports are to be built in Colachel, Tamil Nadu, and Dahanu, Maharashtra, under the public-private partnership mode. […]
Shapoorji Pallonji and Company Limited is reportedly planning to acquire a 51 per cent stake in KPPL. However, no financial details have been disclosed as the deal is in the initial stages. Karaikal port will […]
The Ministry of Civil Aviation (MoCA) has dropped the proposal to levy a 2 per cent cess on air tickets to fund the regional connectivity scheme (RCS). The cess had been included in the draft […]
Hyderabad-based digital marketing firm Lycos Internet is planning to acquire Austria-based mobile solutions provider TriTelA Gmbh in an all-stock transaction valued at $12 million. As per the terms of the transaction, Lycos will issue 28.48 […]
Nielsen has acquired Mumbai-based Informate Mobile Intelligence, which gathers and interprets data pertaining to mobile usage, for an undisclosed amount. The move will enable both companies to respond quickly to trends across international markets. Prior […]
Tata Communications is reportedly planning to sell its 74 per cent stake in Tata Communications Data Centre Private Limited to Singapore Technologies Telemedia. The deal is said to be valued at $600 million-$650 million. The […]
The shareholders of RCOM have approved the proposed merger of Sistema Shyam TeleServices Limited (SSTL) with RCOM. The deal has already been cleared by bodies such as the Competition Commission of India, the Rajasthan High […]
ONGC Videsh Limited (OVL), along with the Indian Oil Corporation (IOC), Oil India Limited (OIL) and BPCL, is in talks to buy an additional stake of about 35 per cent in Russia’s Vankor oilfield in […]
Reliance Communications (RCOM) and Aircel have decided to renegotiate the terms of their proposed merger. The two operators will combine their wireless business and the parent companies will hold 50 per cent each in the […]
Gujarat State Petronet Limited (GSPL) has bought a 27.43 per cent stake in Sabarmati Gas Limited (SGL) from financial institutions for a consideration of Rs 562.3 million. SGL is a JV of Bharat Petroleum Corporation […]
COPYRIGHT © 2016 | INDIAN INFRASTRUCTURE
Error: Contact form not found.