Power
Supply Surplus: Surge in coal production poses new challenges
Until a couple of years ago, shortage of coal was one of the biggest challenges that the power sector was grappling with. […]
Month: September 2016
Infrastructure Finance
Resource Crunch: Financial closures continue to be challenging
The road sector has witnessed stressful financial times over the past four-five years. […]
Telecom
Reliance Jio Infocomm Limited: Combative strategy to take on incumbents
The launch of full-scale commercial services by Reliance Jio Infocomm Limited (RJIL) has been a long time coming. […]
Equity Moves
Sistema to acquire 17.14 cent stake in Sistema Shyam Teleservices Limited
Russian industrial conglomerate Sistema has announced that it will acquire a 17.14 per cent stake in Sistema Shyam TeleServices Limited (Sistema’s Indian subsidiary) from the Russian Agency for State Property Management. As per the agreement, […]
Miscellaneous
Credit rating of cities takes off
The Ministry of Urban Development (MoUD) has announced that the process of credit rating of urban local bodies (ULBs) has begun in 85 cities of which 12 have completed the process. All the cities will […]
Miscellaneous
Railway ministry working on $5 billion fund to finance infrastructure projects
The Ministry of Railways (MoR) is in advanced stages of finalising a proposal to create a $5 billion fund, the Railways of India Development Fund (RIDF), to finance its various infrastructure projects. Once the proposal […]
Equity Moves
ONGC in talks to buy stake in GSPC’s KG basin block
State-owned Oil and Natural Gas Corporation (ONGC) is in talks to buy a stake in Gujarat State Petroleum Corporation’s (GSPC) Krishna Godavari basin block. GSPC is seeking to sell a majority stake in its KG-OSN-2001/3 […]
Equity Moves
Tata Power arm completes 50 per cent stake sale in OTP Geothermal
Tata Power International Private Limited (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has completed a 50 per cent stake sale in OTP Geothermal Private Limited, Singapore to KS Orka Renewables Private Limited. OTP, […]
Equity Moves
RCOM likely to sell majority stake in Reliance Infratel to Brookfield Asset Management
Reliance Communications (RCOM) is in talks with Brookfield Asset Management for selling a majority stake in its tower company Reliance Infratel. The companies are currently in bilateral negotiations after signing a non-binding agreement in July […]
Equity Moves
Piramal Enterprises in advanced talks to invest Rs 8 billion in ACME Solar
Piramal Enterprises Limited (PEL) is in advanced stages of talks to undertake an investment of Rs 8 billion in ACME Solar Energy Private Limited. ACME will utilise the funds to complete its upcoming solar power […]
Equity Moves
Singtel to invest SGD2.47 billion in Bharti Telecom and Intouch Holdings
Singapore Telecommunications (Singtel) has entered into conditional share purchase agreements with Singapore government-owned sovereign wealth fund Temasek to acquire 7.39 per cent of Bharti Telecom Limited and 21 per cent of Thailand-based Intouch Holdings Public […]
Equity Moves
ITNL signs share purchase agreement for sale of equity stake in APEL
IL&FS Transportation Networks Limited has signed a share purchase agreement with Cube Highways and Infrastructure Private Limited for the sale of its equity stake in Andhra Pradesh Expressway Limited (APEL) for an aggregate value of […]
Equity Moves
IFC to invest $125 million in Hero Future Energies
The International Finance Corporation (IFC) plans to make an equity investment of up to $125 million (Rs 8.4 billion) in renewable energy company Hero Future Energies Private Limited. The international agency will make the investment […]
IPO/QIP
Vodafone India to delay IPO filing until end-2016
According to the International Financing Review (IFR), a Thomson Reuters publication, Vodafone India is likely to delay filing the draft prospectus for its up to $3 billion IPO until the end of 2016. The filing, […]
IPO/QIP
Dilip Buildcon IPO oversubscribed 20 times
Dilip Buildcon Limited’s IPO was oversubscribed by 20 times. Reportedly, the public issue received bids for 443.74 million shares as against the 21.3 million on offer at the close of the issue. The company had […]
Debt securities
SBI may partner LIC, IIFCL for credit enhancement fund
The State Bank of India (SBI) may partner with the Life Insurance Corporation of India (LIC) and India Infrastructure Finance Company Limited (IIFCL) to set up a credit enhancement fund that will provide guarantees to […]
Telecom
Telenor India launches 4G services in Andhra Pradesh
Telenor India has launched its 4G services in Guntur and Rajahmundry in Andhra Pradesh. The launch follows the successful test pilot of Telenor’s 4G services across several cities in its six circles – Varanasi, Visakhapatnam, […]
Aviation
Air Costa has received a no-objection certificate
The airline also plans to add two E190 aircraft to its current fleet of four by February 2016 and to commence pan-Indian operations from the summer of 2016. […]
Aviation
Lucknow and Amritsar airports …
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 […]
Aviation
The MoCA has launched e-boarding …
The MoCA has launched e-boarding facility at the Rajiv Gandhi International Airport (RGIA), Hyderabad, for all domestic passengers. Passengers flying from the RGIA may use a mobile e-boarding card and Aadhar card number for entry […]