Until a couple of years ago, shortage of coal was one of the biggest challenges that the power sector was grappling with. […]
The road sector has witnessed stressful financial times over the past four-five years. […]
The launch of full-scale commercial services by Reliance Jio Infocomm Limited (RJIL) has been a long time coming. […]
Russian industrial conglomerate Sistema has announced that it will acquire a 17.14 per cent stake in Sistema Shyam TeleServices Limited (Sistema’s Indian subsidiary) from the Russian Agency for State Property Management. As per the agreement, […]
The Ministry of Urban Development (MoUD) has announced that the process of credit rating of urban local bodies (ULBs) has begun in 85 cities of which 12 have completed the process. All the cities will […]
The Ministry of Railways (MoR) is in advanced stages of finalising a proposal to create a $5 billion fund, the Railways of India Development Fund (RIDF), to finance its various infrastructure projects. Once the proposal […]
State-owned Oil and Natural Gas Corporation (ONGC) is in talks to buy a stake in Gujarat State Petroleum Corporation’s (GSPC) Krishna Godavari basin block. GSPC is seeking to sell a majority stake in its KG-OSN-2001/3 […]
Tata Power International Private Limited (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has completed a 50 per cent stake sale in OTP Geothermal Private Limited, Singapore to KS Orka Renewables Private Limited. OTP, […]
Reliance Communications (RCOM) is in talks with Brookfield Asset Management for selling a majority stake in its tower company Reliance Infratel. The companies are currently in bilateral negotiations after signing a non-binding agreement in July […]
Piramal Enterprises Limited (PEL) is in advanced stages of talks to undertake an investment of Rs 8 billion in ACME Solar Energy Private Limited. ACME will utilise the funds to complete its upcoming solar power […]
Singapore Telecommunications (Singtel) has entered into conditional share purchase agreements with Singapore government-owned sovereign wealth fund Temasek to acquire 7.39 per cent of Bharti Telecom Limited and 21 per cent of Thailand-based Intouch Holdings Public […]
IL&FS Transportation Networks Limited has signed a share purchase agreement with Cube Highways and Infrastructure Private Limited for the sale of its equity stake in Andhra Pradesh Expressway Limited (APEL) for an aggregate value of […]
The International Finance Corporation (IFC) plans to make an equity investment of up to $125 million (Rs 8.4 billion) in renewable energy company Hero Future Energies Private Limited. The international agency will make the investment […]
According to the International Financing Review (IFR), a Thomson Reuters publication, Vodafone India is likely to delay filing the draft prospectus for its up to $3 billion IPO until the end of 2016. The filing, […]
Dilip Buildcon Limited’s IPO was oversubscribed by 20 times. Reportedly, the public issue received bids for 443.74 million shares as against the 21.3 million on offer at the close of the issue. The company had […]
The State Bank of India (SBI) may partner with the Life Insurance Corporation of India (LIC) and India Infrastructure Finance Company Limited (IIFCL) to set up a credit enhancement fund that will provide guarantees to […]
Telenor India has launched its 4G services in Guntur and Rajahmundry in Andhra Pradesh. The launch follows the successful test pilot of Telenor’s 4G services across several cities in its six circles – Varanasi, Visakhapatnam, […]
The airline also plans to add two E190 aircraft to its current fleet of four by February 2016 and to commence pan-Indian operations from the summer of 2016. […]
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 […]
The MoCA has launched e-boarding facility at the Rajiv Gandhi International Airport (RGIA), Hyderabad, for all domestic passengers. Passengers flying from the RGIA may use a mobile e-boarding card and Aadhar card number for entry […]
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