The government laid the foundation stone for the development of the Barak river as National Waterway-16 on January 29, 2017. The project will be implemented in two phases. The broad scope of work for Phase […]
The Ministry of Railways (MoR) has sanctioned preliminary survey work for the 138 km new rail line between Sagar port and Dankuni, on February 3, 2017. The line will be developed from Sagar port to […]
The Ministry of Shipping (MoS) has reportedly sent the new version of the Inland Vessel Act to the Ministry of Law and Justice for approval. Once approved, it is expected to be sent to the […]
Ratnagiri Gas and Power Private Limited (RGPPL) is working on a new business plan for its Dabhol LNG terminal to make it an all-weather port that will bring in more LNG cargo. RGPPL is owned […]
The Atlantic, Gulf and Pacific Company (AG&P) and Hyderabad-based Hindustan LNG have signed an MoU for the development of a liquefied natural gas (LNG) terminal and the supply of tolled gas to power stations in […]
An MoU has been signed between GAIL (India) Limited, Hindustan Petroleum Corporation Limited (HPCL) and the Andhra Pradesh government for setting up the Kakinada Petrochemical Complex Project. The 50:50 joint venture (JV) between GAIL and […]
IOCL has recently commissioned the Paradip-Sambalpur-Raipur-Ranchi product pipeline. The company commenced the use of the pipeline to evacuate products from the Paradip refinery in January 2017. The project entailed the construction of a 1,150 km […]
India and Abu Dhabi have entered into an agreement for meeting the former’s requirement of strategic oil reserves. The agreement was entered into between two state-run companies, the Indian Strategic Petroleum Reserves Limited and the […]
India and the Netherlands have modified their air services agreement, permitting air carriers from both countries to operate seven additional flights per week, taking up the weekly frequency from 21 to 28. Besides, the capacity […]
GVK Power & Infrastructure Limited, which operates the Mumbai and Bengaluru airports, has emerged as the successful bidder for building, developing and operating the Navi Mumbai International Airport. GVK, through Mumbai International Airport Limited (MIAL), […]
The Ministry of Civil Aviation (MoCA) has received 45 initial proposals from 11 bidders covering more than 200 regional routes under the Regional Connectivity Scheme (RCS). These initial proposals cover 65 airports, comprising 52 unserved […]
The MoCA has granted security clearance for the sale of a 38 per cent equity stake in Bangalore International Airport Limited (BIAL) to Fairfax India Holdings Corporation. The security clearance had already been recommended by […]
The Union cabinet has granted approval for the exchange of land between AAI and the Bihar government for the Patna airport upgradation project. The proposed land will be used for the construction of a new […]
The new terminal building at Vijayawada airport was inaugurated on January 12, 2017. The terminal has been built at an estimated cost of Rs 1.62 billion and is spread over an area of 9,520 square […]
Airtel Payments Bank has rolled out commercial services across the country. The bank, a joint venture between Bharti Airtel (80.1 per cent) and Kotak Mahindra Bank (19.9 per cent), is offering an interest rate of […]
Norway-based Telenor Group has approached Aircel and Reliance Communications (RCOM) to explore a merger possibility through a share swap. Telenor has reportedly expressed its willingness to combine its business, customer base and spectrum with the […]
US-based software technology company Nuance Communications has acquired Noida-based mobile value-added services (VAS) provider mCarbon Tech Innovations for $36 million in a cash and stock transaction. mCarbon provides core network VAS and innovative customer value […]
The American Tower Corporation is reportedly planning to buy Idea Cellular’s telecom towers for an enterprise value of Rs 45 billion. Earlier, Idea Cellular was said to be in discussions with Bharti Infratel and private […]
TRIL, a fully owned subsidiary of Tata Sons, has purchased the two-lane 18.4 km Durg Bypass road project in Chhattisgarh for about Rs 8 billion. TRIL acquired the toll road by taking a 51.6 per […]
A consortium of lenders led by IDBI Bank has put on sale a 55 per cent stake in the GMR-built gas-based power project at Rajahmundry in Andhra Pradesh, which the lenders had acquired last year […]
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