The performance of the mining sector is a key determinant of economic growth. India is well endowed with minerals, and these serve as raw materials for a number of sectors such as power, iron and […]
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a share purchase agreement with Indo Rama Renewables Limited (IRRL) to acquire the latter’s 30 MW wind farm at Sangli, Maharashtra. The […]
IDFC Private Equity (IDFC PE) is offloading an undisclosed portion of its stake in Star AgriWarehousing & Collateral Management (SACM) to the Singapore government’s investment company Temasek Holdings for a consideration of Rs 750 million, […]
Indian Bank has taken over the 52.46 per cent equity stake owned by Marg Limited in Karaikal Port Private Limited (KPPL). KPPL is a special purpose vehicle (SPV) incorporated for the implementation and operation of Karaikal port. […]
GoAir is planning a Rs 10 billion IPO in 2016-17, after it has clarity on the delivery of its new Airbus aircraft. The airline had earlier planned an IPO in 2015-16. However, uncertainty over the […]
The Ministry of Power has issued a directive to financial institutions under its control (the Rural Electrification Corporation and Power Finance Corporation) to buy a stake in NHPC Limited. This is to bring the government […]
The Abu Dhabi Investment Authority, a sovereign wealth fund, has expressed interest in taking up 50 highway projects on a toll-operate-transfer basis in India. Under this model, roads that have already been built by the […]
Bengaluru-based mobile development toolkit start-up Hansel.io has raised an undisclosed amount from venture capital fund Endiya Partners. The transaction was facilitated by Tracxn Syndicate, a data analytics firm that connects start-ups with potential investors. The […]
SE Forge Limited (SEFL), a subsidiary of Suzlon Group, has exited the corporate debt restructuring plan. The move follows the company’s improved performance in terms of sale revenue, for the first nine months of 2015-16. […]
The Japan International Cooperation Agency has pledged overseas development assistance of about Rs 57 billion for the development of highways in the north-eastern region. The project involves widening and upgrading roads to two lanes, with […]
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 […]
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