April issue 2016
April Issue 2016
April 2016
April issue 2016
April 2016
EDITOR Devangshu Datta
Indian Railways has to tackle multiple challenges. It faces competition from a number of modes of transport – road, airlines and even from inland waterways. IR’s share of freight and passenger traffic movement has been […]
Department of Revenue extends anti-dumping duty on import of gear from China and Israel for five years
The Department of Revenue has extended the anti-dumping duty on the import of telecom gear equipment from Chinese and Israeli vendors for another five years. The department had first imposed anti-dumping duty on these vendors […]
Lucknow, Amritsar airports achieve CAT II operations compliance
Lucknow and Amritsar airports achieved CAT II operations compliance on December 17, 2015. This will enable low visibility take-off with a runway visual range (RVR) of 125 metres and landing with RVR capability of 300 […]
Solar Push
Recent initiatives at Indian airports
The huge power requirements for large infrastructure projects such as airports have always been an issue for both governments and private developers alike. […]
Policy Push
Long-awaited reforms get CCEA approval
The existing policy framework which governs the exploration and production (E&P) activities in the hydrocarbons sector is stymied by a number of flaws. […]
Overview
Government’s initiatives aim to drive growth
Indian Railways (IR) is often described as the backbone of the country’s transport system. […]
Cairn Energy calls AGM on selling rest of its Cairn India stake
The London Stock Exchange-listed Cairn Energy, which holds a 9.82 per cent stake in Cairn India, has called for an annual general meeting of shareholders on May 12, 2016, to approve the proposal to dispose […]
Centre approves implementation of Rs 36.79 billion National Hydrology Project
The central government has approved the implementation of the National Hydrology Project (NHP) across the country. The project will be undertaken as a centrally sponsored scheme with a total outlay of Rs 36.79 billion. Of […]
Tata Sons to buy Telestra Tradeplace’s stake in AirAsia India
Tata Sons will increase its share in AirAsia India to 49 per cent by purchasing the 7.49 per cent stake held by Telestra Tradeplace. With the deal, Tata Sons and Malaysia’s AirAsia Berhad will hold […]
IOC in talks to buy stake in Nagarjuna Oil Corporation
The Indian Oil Corporation is in talks to buy an equity stake in the Nagarjuna Group’s refinery Nagarjuna Oil Corporation Limited (NOCL) in Cuddalore, Tamil Nadu. The move follows talks by Singapore-based Netoil to buy […]
Vodafone seeks FIPB approval to acquire YOU Broadband
Vodafone India has sought Foreign Investment Promotion Board approval to acquire TRG Capital-owned YOU Broadband for around Rs 4 billion. Rothschild and ICICI Securities are serving as investment bankers for the transaction to Vodafone and […]
Flipkart acquires Bengaluru’s PhonePe
Flipkart has acquired Bengaluru-based mobile payments company PhonePe. However, the financial details of the acquisition have not been disclosed. PhonePe is building a unified payments interface-based product. The interface will allow users to carry out […]
Xiaomi leads $25 million investment in Hungama Digital, its first in India
China-based handset vendor Xiaomi has led an investment round of $25 million in Hungama Digital Media Entertainment, Mumbai-based aggregator and publisher of online entertainment content, along with Hungama’s existing investors. As per the deal, Xiaomi […]
CCEA approves ATC’s 51 per cent stake purchase in Viom Networks
The Cabinet Committee on Economic Affairs has approved the proposed acquisition of 51 per cent stake in Viom Networks by the American Tower Corporation (ATC). The deal, valued at Rs 76.35 billion, was announced in […]
Jindal Power sells minor stake to Motilal Oswal PE in Indian Energy Exchange
Motilal Oswal Private Equity Advisors Private Limited, the private equity (PE) arm of Motilal Oswal Financial Services Limited, has acquired a 4.1 per cent stake in the Indian Energy Exchange (IEX) from Jindal Power Limited […]
GVK Power and Infrastructure to sell 33 per cent stake in BIAL to Fairfax Holdings
GVK Power and Infrastructure Limited will sell 33 per cent equity stake in Bangalore International Airport Limited (BIAL) to the Fairfax India Holdings Corporation and Fairfax Financial Holdings Limited for an aggregate of Rs 21.49 […]
Vodafone in talks with Piramal Group and HDFC for stake sale in its payments bank
Vodafone is said to be in talks with the Piramal Group and HDFC Bank to sell around 49 per cent stake in its payments bank. The move implies that the operator is planning to sell […]
BSNL’s outstanding debt at Rs 76.66 billion, MTNL’s at Rs 135.29 billion in January
According to the Ministry of Communications and Information Technology, Bharat Sanchar Nigam Limited’s (BSNL) outstanding debt stood at Rs 76.66 billion as of January 2016, while that of Mahanagar Telephone Nigam Limited (MTNL) stood at […]
Fitch expects improvement in non-performing assets ratio of banks in FY16
International ratings agency Fitch is expecting the non-performing assets 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 the […]