November Issue 2018
November Issue 2018
2018
November Issue 2018
November 2018
Rapid urbanisation has been a driver of growth. But it has also stressed inadequate urban infrastructure to breaking point. Public transport is one of the many areas of concern. Poor public transport leads to more […]
Central government to sanction Rs 30 billion for two road projects in Kerala soon
The central government is likely to sanction funds worth Rs 30 billion for two road projects in Kerala soon. The first involves four-laning of the 39 km Thalapady-Chengala road stretch from km 17.2 to km […]
Government signs loan agreement with JICA for North-East Road Network Connectivity Improvement Project, Phase III
The Government of India has signed a loan agreement with the Japan International Cooperation Agency for procuring Rs 16.4 billion (JPY 25.48 billion) for the North-East Road Network Connectivity Improvement Project (Phase III). The tender […]
ADB to scale up smart meters project in Uttar Pradesh
The Asian Development Bank (ADB) is planning to scale up a satellite-based smart meters project being implemented in Uttar Pradesh by Energy Efficiency Services Limited (EESL). As part of ADB’s $200 million loan to EESL […]
Government prepares new revival plan for Air India
The government has prepared a new revival plan for Air India which involves transferring the airline’s working capital debt of about Rs 290 billion to a special purpose vehicle, Air India Assets Holding Limited. At […]
Air India receives Rs 10 billion from NSSF, to raise Rs 5 billion loan soon
Air India has raised Rs 10 billion from the National Small Savings Fund and is also expected to receive Rs 5 billion through short-term borrowings soon. Though the loan has been availed at a lower […]
AAI gets government nod to borrow Rs 94.3 billion till 2021-22
The Airports Authority of India (AAI) has received approval from the government, after a delay of almost six months, to borrow Rs 94.3 billion over a period of four years from 2018-19 to 2021-22. AAI […]
Dilip Buildcon Limited receives sanction letter from banks to finance two road projects
Two wholly owned subsidiaries of Dilip Buildcon Limited – DBL Rewa Sidhi Highways Private Limited and DBL Chandikhole Highways Private Limited – have received sanction letters from banks for financing their road projects in Madhya […]
NTPC’s foreign bonds and masala bonds listed on NSE-IFSC
NSE-IFSC, the National Stock Exchange’s (NSE) international exchange, has listed NTPC Limited’s foreign currency bonds and masala bonds on its debt securities market. It has raised $2,400 million, €500 million and Rs 40 billion by […]
Bhopal becomes second Madhya Pradesh city to get municipal bonds listed on NSE
After the successful listing of bonds by the Indore Municipal Corporation, the Bhopal Municipal Corporation’s (BMC) municipal bonds were listed on the debt platform of the NSE. BMC raised nearly Rs 1.75 billion on the […]
Tata Power receives shareholder nod to raise Rs 55 billion via NCDs
Tata Power Company Limited has received shareholder approval to raise Rs 55 billion via non-convertible debentures (NCDs) on a private placement basis. The board has approved the issuance of non-cumulative, redeemable, taxable, listed, rated securities […]
Airtel Africa completes pre-IPO placement with six investors, rakes in $1.25 billion
Bharti Airtel’s Africa unit has concluded the pre-initial public offering (IPO) placement of shares with six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International, and has raised $1.25 billion (Rs 92 billion), […]
Government planning to launch TCIL IPO during quarter ended March 2019
The Ministry of Finance is planning to launch an IPO to sell up to a 25 per cent stake in Telecommunications Consultants India Limited (TCIL) during the January-March 2019 quarter. The move is being made […]
Delta Airlines eyes minority stake in Jet Airways
Delta Airlines has evinced interest in buying a 24 per cent stake in Jet Airways which is currently facing a financial crisis. In addition to buying the stake, Delta will also infuse capital into the […]
Petronet LNG, ONGC Videsh mulling stake purchase in Tellurian’s Driftwood project
Reportedly, Petronet LNG and ONGC Videsh Limited (OVL) are jointly considering buying a stake in Tellurian, Inc.’s proposed Driftwood project in Louisiana, USA. Tellurian is offering a 60-75 per cent equity interest in Driftwood Holdings. […]
CPPIB in talks to acquire stake in ReNew Power
The Canada Pension Plan Investment Board (CPPIB) is in talks to acquire Goldman Sachs’ stake in ReNew Power Limited. Goldman Sachs is planning to sell around 20 per cent stake through a private sale. Goldman […]
AviAlliance, AMP Capital submit bids for acquiring stake in Mumbai airport
The GVK Group has received bids from three agencies – German airport operator AviAlliance, Australia’s AMP Capital and US-based Global Infrastructure Partners (GIP) – for purchasing part of GVK’s share in Mumbai airport. The GVK […]
RIL in talks to acquire controlling stake in GTPL Hathway
Reliance Industries Limited (RIL) is in talks to acquire a controlling stake in GTPL Hathway, a leading multi-system operator (MSO). The move comes after RIL recently acquired a 51.3 per cent stake in Hathway for […]
CDPQ raises stake in Azure Power with $100 million infusion
Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has invested another $100 million in Azure Power Global Limited, hiking its stake in the renewable energy firm to 40 per cent. The latest […]