The Smart Cities Mission which envisions the “smart” development of select Indian cities is one of the premier initiatives of the central government. The mission was launched by the government in June 2015 with the […]
The equity sale fervour in the road sector has strengthened in the last three to four years. In addition to a spike in the number of sale transactions, the market has witnessed the emergence of […]
Earthmoving equipment is typically classified into two large groups – for construction and infrastructure, and for mining. These industries in India have been in a state of flux as the regulatory environment has seen transformational […]
Conceived in February 2015, the Nagpur four-lane ring road widening project in Maharashtra is one of the latest projects to be awarded under the new hybrid annuity model (HAM). The proposed ring road for the […]
During the past few years, Indian shipping companies and shipyards have been facing tough times. The slowdown in the global economy has led to fewer orders for commercial vessels, which has meant declining revenues and […]
India’s extensive inland waterways network of 28,511 km, spread across 14 states, remains remarkably underutilised. Inland waterways carry less than 1 per cent of the country’s total inland traffic. From 2010-11 to 2014-15, the total […]
Despite India’s long coastline of 7,517 km with 12 major and around 200 non-major ports, the coastal shipping segment remains severely underutilised. At present, only 7 per cent of the country’s domestic cargo is transported […]
The Indian shipping industry continued to face challenging times in the past one year. Shipping companies and shipyards witnessed a fall in freight rates, decline in revenues and fewer shipbuilding orders. On the positive side, […]
The central government is planning to list Cochin Shipyard Limited (CSL) on the NSE. CSL’s IPO will be of over 33.9 million shares. This would comprise a fresh issue of over 22.6 million shares and […]
Vodafone India is planning to file the draft red herring prospectus (DRHP) for its initial public offering (IPO) by September 2016. Vodafone aims to raise Rs 150 billion-Rs 180 billion through the IPO. The company […]
Tata Communications has entered into a definitive agreement with Singapore Technologies Telemedia to hive off stake in its data centre business. As per the agreement, the latter will acquire 74 per cent in Tata Communications’ […]
CLP India is in advanced negotiations to buy a stake in Suzlon Energy’s 100 MW solar park project in Telangana. The former’s diversification of its clean energy portfolio comes after the company established itself as […]
Reliance Industries Limited (RIL) is exiting its international fuel retailing business by selling its stake in Mauritius-incorporated Gulf Africa Petroleum Corporation (GAPCO), which trades in and markets fuel in Africa, to France-based energy producer Total. […]
Domestic telecom services company Manana Innovations has acquired Gibraltar-based mobile value-added services firm The Tenable Group Limited (TTGL). Under the transaction, 80 per cent shareholding of TTGL has been transferred to the management of Manana […]
Reliance Communications (RCOM) and Aircel are likely to complete their merger by end-June 2016. Both RCOM and Aircel are likely to hold 50 per cent stake each in the merged entity, which will be the […]
Bharti Infratel is said to be in talks to acquire Tower Vision India. The latter is owned by a group of financial investors and has about 8,500 towers in India, with a tenancy ratio of […]
IL&FS Transportation Networks Limited (ITNL) has signed a definitive agreement with MAIF Investments India Private Limited for the sale of 8,313,800 equity shares of Rs 10 each held in Gujarat Road and Infrastructure Company Limited […]
RBI has allowed foreign investors to raise their holdings in Bharat Petroleum Corporation Limited (BPCL) to up to 49 per cent. Foreign institutional investors and registered foreign portfolio investors can now invest in up to […]
Greenko Energy Holdings has signed definitive agreements for the infusion of primary equity to the tune of $230 million – $80 million from an affiliate, GIC Singapore (which had acquired a majority stake in Greenko […]
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