Ezine Archive
May issue 2016
May Issue 2016
Month: May 2016
Editorial
May 2016: EDITOR Devangshu Datta
Electricity generation was one of the bright spots in 2015-16. Generation rose by 6 per cent as a proactive ministry sorted out fuel supply problems and thus enabled higher plant load factors. There was also […]
Power
Generation Overview: Significant capacity addition and resolution of fuel issues augur well
The power generation segment in the country continues to grow rapidly. The total installed generation capacity increased at a compound annual growth rate of over 10 per cent from 2012-13 to reach 298 GW in […]
Miscellaneous
NPCI launches next gen online payments solution
The National Payments Corporation of India has launched an online payments solution – the unified payments interface (UPI) – that will combine multiple bank accounts into a single mobile application of a participating bank. Further, […]
Miscellaneous
Bharti Airtel-Kotak Mahindra Bank JV gets payment bank license from RBI
RBI has granted a payments bank licence to the JV between Airtel M Commerce Services Limited (a subsidiary of Bharti Airtel) and Kotak Mahindra Bank. In August 2015, RBI had given in-principle approval to 11 […]
Miscellaneous
AAI expected to post all-time high revenue of Rs 100 billion in FY16
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 […]
Mergers & Acquisitions
SunEdison reportedly in talks to sell stakes in Indian solar projects to Fortum
US-based SunEdison is reportedly in discussions with Finland-based Fortum to sell its minority stakes in solar projects in India to the latter. Through this, SunEdison attempts to furnish funds to finish the planned projects in […]
Mergers & Acquisitions
Srei completes 18.5 per cent stake sale in Viom Networks for Rs 29.31 billion
Srei Infrastructure Finance Limited has announced that it has received Rs 29.31 billion after offloading its 18.5 per cent stake in Viom Networks to American Tower Corporation (ATC). This comes after the CCEA approved ATC’s […]
Mergers & Acquisitions
Jet Airways shareholders approve merger of subsidiary JetLite with itself
Jet Airways has received shareholder approval for the proposed merger of its subsidiary JetLite with itself. The airline’s board had approved the merger in September 2015. The merger will lead to greater efficiency in cash […]
Mergers & Acquisitions
Idea Mobile Commerce to merge with Aditya Birla Idea Payments Bank
Idea Cellular’s board has approved the proposed merger of Idea Mobile Commerce Services Limited (IMCSL) with Aditya Birla Idea Payments Bank Limited (ABIPBL). At present, IMCSL manages the operator’s digital wallet Idea Money. APIPBL was […]
Public Offerings/ Qualified Institutional Placements
RouteSMS plans to launch IPO by October 2016
Mumbai-based messaging and voice interface company RouteSMS is planning to launch an IPO by October 2016. The company is likely to dilute 25-30 per cent stake through the IPO, which is being handled by YES […]
Public Offerings/ Qualified Institutional Placements
Vodafone reportedly invites pitches from banks for its India IPO
The Vodafone Group has reportedly invited banks to submit pitches for managing its planned initial public offering (IPO) in India. These include the Citigroup, Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch, the UBS […]
Public Offerings/ Qualified Institutional Placements
IDFC Alternatives in talks to invest Rs 6 billion in ACME Solar
IDFC Alternatives is in discussions with ACME Solar to invest Rs 6 billion in the latter. ACME will utilise the funds to execute its under-development solar power project. Currently, the company has solar power assets […]
Equity Moves
Madhucon Group sells majority stake in road project to Cube Highways
The Madhucon Group has completed the strategic sale of its majority stake (74 per cent) in Madhucon Agra-Jaipur Expressways Limited to Cube Highways and Infrastructure Private Limited. In October 2015, Madhucon had entered into an […]
Equity Moves
Tata Group defers share conversion option in TTSL by a year
The Tata Group has decided to defer the share conversion option in Tata Teleservices Limited (TTSL) by a year, after the group and its equity partner NTT DOCOMO failed to arrive at a mutually agreeable […]
Equity Moves
Zurich Airport Authority to sell 5 per cent stake in BIAL to Fairfax Holdings
The Zurich Airport Authority signed an agreement on April 18, 2016 for the sale of its 5 per cent equity stake in Bangalore International Airport Limited (BIAL) to Fairfax India Holdings for a sum of […]
Equity Moves
Centre allows BPCL to pump in more equity into Bina refinery
The central government gave its approval on April 27, 2016 to Bharat Petroleum Corporation Limited (BPCL) to enhance its equity contribution in Bharat Oman Refineries Limited (BORL) for developing the Bina refinery expansion project. The […]
Equity Moves
Tata Power in advanced talks to buy Welspun Group’s renewable assets
Tata Power Company Limited is in advanced stages of discussions to acquire the renewable energy assets of the Welspun Group. Welspun has operational solar and wind assets aggregating 1,152 MW of capacity as well as […]
Equity Moves
JSW Energy to acquire Jindal Steel and Power’s Chhattisgarh power plant
JSW Energy has entered into a definitive agreement with Jindal Steel and Power Limited (JSPL) to acquire the latter’s 1,000 MW Raigarh coal-based power plant in Chhattisgarh. As per the agreement, the cost of the […]
Equity Moves
Idea Cellular to transfer telecom towers to subsidiary Idea Cellular Infrastructure Services
Idea Cellular has announced that it will transfer the 7,997 telecom towers that it owns and operates across the country to its subsidiary, Idea Cellular Infrastructure Services Limited (ICISL). ICISL currently offers tower infrastructure services […]