The central government has set up a high-level committee headed by the NITI Aayog to sort out all the bilateral issues related to implementation of the Mumbai-Ahmedabad High Speed Rail (HSR) Corridor Project, with a […]
Russia’s decision to open up its oil and gas sector to Indian companies will significantly boost bilateral trade. The two nations are negotiating some more acquisitions and projects in the hydrocarbons sector. The deals sealed […]
The Department of Economic Affairs (DEA) under the Ministry of Finance (MoF) has approved a sum of Rs 33.1 billion as a project loan and Rs 8.28 billion as the policy loan component for the […]
Qatar has slashed the price of gas it supplies to India by almost half by removing the floor and cap in the pricing formula, but it has introduced a small fixed component. The revised formulation, […]
The government is likely to convert a cess on domestically produced crude oil into an ad valorem rate from a fixed per tonne levy at present. The budget for 2016-17 is likely to make changes in […]
Air Costa has received a no-objection certificate (NOC) for pan-Indian operations from the MoCA. The NOC will enable the airline to secure a national flying licence from the Directorate General of Civil Aviation. The airline […]
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 […]
Air India launched daily flight services on the Ahmedabad-London route via Mumbai from December 15, 2015. Dreamliner B787 aircraft will cater to the route. Passengers are not required to alight for security checks or change […]
The MoCA has granted clearance for the development of four greenfield airports – Dholera International Airport, Bhogapuram International Airport, Orvakal (Kurnool) airport and Dagadarthi (Nellore) airport. Dholera airport has been granted in-principle approval while site […]
Air India launched daily flight services on the Ahmedabad-London route via Mumbai from December 15, 2015. Dreamliner B787 aircraft will cater to the route. Passengers are not required to alight for security checks or change […]
Bharti Airtel has completed the acquisition of 74 per cent stake in Augere Wireless Broadband India. The operator had announced its decision to acquire Augere Wireless in August 2015. The same was approved by its […]
PNC Infratech Limited has announced the completion of a transaction involving the sale of equity shares of Jaora-Nayagaon Toll Road Company Limited (JTCL) to Viva Highways Limited for a consideration of Rs 341.94 million. PNC […]
Tata Power Company Limited has refinanced outstanding rupee loans to the tune of Rs 38.64 billion for its 4,000 MW Mundra ultra mega power project (UMPP) in Gujarat. This is likely to yield savings of […]
The Punjab government has sanctioned Rs 4.16 billion for undertaking various infrastructure projects in SAS Nagar, Mohali. A sum of Rs 261.8 million has been earmarked for undertaking various water supply projects in the district. […]
The Committee on Revisiting and Revitalising the PPP Model of Infrastructure Development has submitted its report. The committee has suggested broad guidelines for the next generation of public-private partnership (PPP) contracts, while allocating and managing […]
The Andhra Pradesh government has sanctioned an amount of Rs 50 million to the Amaravati Metro Rail Corporation for the Vijayawada (Amaravati) Metro Rail Project Phase I. The project involves the development of a 26.03 km […]
The Ministry of Communications and IT (MoCIT) is likely to receive 150 MHz of spectrum in the 1700 MHz-2000 MHz band from the defence forces by March 2016. According to the Department of Telecommunications (DoT), […]
The Committee on Revisiting and Revitalising the PPP Model of Infrastructure Development has submitted its report. The committee has suggested broad guidelines for the next generation of PPP contracts, while allocating and managing risks. As […]
The Department of Economic Affairs (DEA) under the Ministry of Finance (MoF) has approved a sum of Rs 33.1 billion as a project loan and Rs 8.28 billion as the policy loan component for the […]
Indira Container Terminal Private Limited commenced container handling operations with a call from VSL Bahri Yanbu 006 at its offshore berth at the Mumbai Port Trust. The offshore project was awarded on a 30-year operating […]
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