AAI is expected to record an all-time high revenue of Rs 100 billion in 2015-16, a 7.7 per cent increase from Rs 92.85 billion in 2014-15. This growth can be attributed to a surge in […]
The London Stock Exchange-listed Cairn Energy, which holds a 9.82 per cent stake in Cairn India, has called for an annual general meeting of shareholders on May 12, 2016, to approve the proposal to dispose […]
The central government has approved the implementation of the National Hydrology Project (NHP) across the country. The project will be undertaken as a centrally sponsored scheme with a total outlay of Rs 36.79 billion. Of […]
International ratings agency Fitch is expecting the non-performing asset ratio of banks to improve marginally to 10.9 per cent by the end of this fiscal year from 11.1 per cent in 2014-15. According to Fitch, […]
CRISIL has cut both the short-term and long-term rating of Jindal Steel and Power Limited (JSPL) to CRISIL D from CRISIL A4+ and CRISIL BB+ respectively. JSPL has issued a statement clarifying that the reduction […]
Air India Express, a subsidiary of Air India, is expected to report a profit of Rs 2.5 billion in 2015-16, against a loss of Rs 610 million in 2014-15, on the back of higher aircraft […]
Power Grid Corporation of India Limited’s (Powergrid) board has approved investments aggregating Rs 8.85 billion in two projects. Of this, Rs 8.09 billion is for the strengthening of transmission systems for the transfer of power […]
The cabinet is planning to approve two mega port projects involving initial investments of Rs 150 billion. The ports are to be built in Colachel, Tamil Nadu, and Dahanu, Maharashtra, under the public-private partnership mode. […]
JNPT is planning to accept vessel-related charges in US dollars, to help earn foreign currency and thus add to India’s foreign exchange reserves. Currently, ships pay in rupee equivalent. Under the new system, JNPT will […]
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