Kannur International Airport Limited (KIAL) is considering issuing shares worth Rs 300 million to generate additional funds. An investor will have to subscribe to a minimum 500 shares, priced at Rs 100 a piece. The […]
Air India has sought Rs 33 billion under the turnaround plan and also asked to receive the backlog of Rs 9.77 billion which had already been sanctioned but not disbursed as budgetary support for 2016-17. […]
The Japan International Cooperation Agency (JICA) has agreed to extend loans worth Rs 4 billion for implementation of the Shiradi Aizawl-Tuipang two-laning road project (National Highway [NH]-54) and Tura-Dalu two-laning road project (NH-62) in Mizoram […]
The National Capital Region Planning Board (NCRPB) has approved loan assistance of about Rs 30 billion to support nine transport infrastructure projects in Noida, Ghaziabad and the state of Haryana. While two projects in Uttar […]
The Piramal Group is set to launch a fund to invest in distressed assets. The fund is expected to have a corpus of Rs 60 billion. Piramal India Resurgent Funds will be the first domestic […]
The Ministry of Urban Development has released the list of the first batch of cities selected to be developed as smart cities under the Smart Cities Mission. In the first batch, 20 cities out of […]
The Andhra Pradesh government has earmarked Rs 26.37 billion for undertaking various projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) over the next five years. As per the plans, the central government will […]
SE Forge Limited (SEFL), a subsidiary of the Suzlon Group, has exited a corporate debt restructuring plan. This follows an improved performance in terms of revenues in the first nine months of 2015-16. SEFL, which […]
Hero Future Energies has through the issue of climate bonds. The proceeds from the bonds would be utilised for setting up 2.5 GW of wind energy capacity in coming years. The bonds were validated by […]
Canada-based pension fund Caisse de depot et placement du Quebec, and sovereign wealth funds such as the State General Reserve Fund of Oman and Kuwait Investment Authority are in advanced stages of negotiation to form […]
NITI Aayog has granted in-principle approval for the implementation of the Mumbai Urban Transport Project Phase III. The approval has been granted subject to the condition that Indian Railways will undertake “fare reform” involving automatic […]
The Delhi government is planning to develop an elevated bus rapid transit (BRT) corridor connecting Anand Vihar to the Tikri border via the Income Tax Office (ITO). Though the final project cost is yet to […]
Sterlite Power Grid Ventures Limited has issued non-convertible debentures aggregating Rs 9.25 billion for its subsidiary, East North Interconnection Company Limited (ENICL). ENICL is developing a 450 km transmission network to connect the eastern and […]
TRAI has stated that it will conduct the next drive tests for ascertaining the quality of operators’ networks in April 2016. The regulator has further stated that more cities will be covered in the next […]
TRAI has recommended the PPP model and a bigger role for the private sector for the speedy implementation of the national broadband project, BharatNet. The suggestion comes after the project has repeatedly failed to meet […]
TRAI has stated that telecom operators paid a total penalty of about Rs 60 million during the period July 2014-June 2015 for violation of service quality norms. The regulator issued around 114 show-cause notices to […]
In a ruling against differential pricing, the Telecom Regulatory Authority of India (TRAI) has prohibited service providers from charging differential tariffs for data services on the basis of content. The regulations also prohibit service providers […]
As part of its recommendations for the upcoming Union Budget 2016-17, the Ministry of Communications and Information Technology has proposed a 10-year tax holiday for mega projects aimed at attracting foreign investment for the Make […]
The Japan International Cooperation Agency (JICA) will provide the government with technical assistance for developing national highways in mountainous regions in Jammu & Kashmir, Uttarakhand and Himachal Pradesh. JICA has signed a technical cooperation agreement […]
NHAI has signed an MoU with the National Remote Sensing Centre (NRSC) under the Indian Space Research Organisation (ISRO) and the North East Centre for Technology Application and Research (NECTAR) for the use of spatial […]
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