
April issue 2016
April Issue 2016
April Issue 2016
Indian Railways has to tackle multiple challenges. It faces competition from a number of modes of transport – road, airlines and even from inland waterways. IR’s share of freight and passenger traffic movement has been […]
The Department of Revenue has extended the anti-dumping duty on the import of telecom gear equipment from Chinese and Israeli vendors for another five years. The department had first imposed anti-dumping duty on these vendors […]
Lucknow and Amritsar airports achieved CAT II operations compliance on December 17, 2015. This will enable low visibility take-off with a runway visual range (RVR) of 125 metres and landing with RVR capability of 300 […]
The huge power requirements for large infrastructure projects such as airports have always been an issue for both governments and private developers alike. […]
The existing policy framework which governs the exploration and production (E&P) activities in the hydrocarbons sector is stymied by a number of flaws. […]
Indian Railways (IR) is often described as the backbone of the country’s transport system. […]
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 […]
Tata Sons will increase its share in AirAsia India to 49 per cent by purchasing the 7.49 per cent stake held by Telestra Tradeplace. With the deal, Tata Sons and Malaysia’s AirAsia Berhad will hold […]
The Indian Oil Corporation is in talks to buy an equity stake in the Nagarjuna Group’s refinery Nagarjuna Oil Corporation Limited (NOCL) in Cuddalore, Tamil Nadu. The move follows talks by Singapore-based Netoil to buy […]
Vodafone India has sought Foreign Investment Promotion Board approval to acquire TRG Capital-owned YOU Broadband for around Rs 4 billion. Rothschild and ICICI Securities are serving as investment bankers for the transaction to Vodafone and […]
Flipkart has acquired Bengaluru-based mobile payments company PhonePe. However, the financial details of the acquisition have not been disclosed. PhonePe is building a unified payments interface-based product. The interface will allow users to carry out […]
China-based handset vendor Xiaomi has led an investment round of $25 million in Hungama Digital Media Entertainment, Mumbai-based aggregator and publisher of online entertainment content, along with Hungama’s existing investors. As per the deal, Xiaomi […]
The Cabinet Committee on Economic Affairs has approved the proposed acquisition of 51 per cent stake in Viom Networks by the American Tower Corporation (ATC). The deal, valued at Rs 76.35 billion, was announced in […]
Motilal Oswal Private Equity Advisors Private Limited, the private equity (PE) arm of Motilal Oswal Financial Services Limited, has acquired a 4.1 per cent stake in the Indian Energy Exchange (IEX) from Jindal Power Limited […]
GVK Power and Infrastructure Limited will sell 33 per cent equity stake in Bangalore International Airport Limited (BIAL) to the Fairfax India Holdings Corporation and Fairfax Financial Holdings Limited for an aggregate of Rs 21.49 […]
Vodafone is said to be in talks with the Piramal Group and HDFC Bank to sell around 49 per cent stake in its payments bank. The move implies that the operator is planning to sell […]
According to the Ministry of Communications and Information Technology, Bharat Sanchar Nigam Limited’s (BSNL) outstanding debt stood at Rs 76.66 billion as of January 2016, while that of Mahanagar Telephone Nigam Limited (MTNL) stood at […]
International ratings agency Fitch is expecting the non-performing assets 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 the […]
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