The central government has signed a $500 million loan agreement with ADB to improve large-scale power transmission in the country. The loan will facilitate the financing of 800 kV high voltage direct current converter stations […]
Tata Teleservices Limited (TTSL) has obtained shareholder consent to double its authorised capital from Rs 200 billion to Rs 400 billion and raise up to Rs 100 billion through compulsorily convertible preference shares (CCPSs) on […]
The L&T Infra Debt Fund (L&T IDF), a refinancing unit, is raising about Rs 25 billion through debentures to provide liquidity for road and renewable energy projects. Rating agency CRISIL has assigned AAA rating for […]
Indian Oil Corporation Limited (IOCL) has availed of a term loan of Rs 28 billion from a consortium of six banks led by the State Bank of India (SBI) for financing its Ennore LNG terminal […]
ADB has signed a $375 million pact with India for loans and grants to develop the 800 km Visakhapatnam-Chennai Industrial Corridor, which is the first phase of the 2,500 km East Coast Economic Corridor. The […]
The Power Finance Corporation has sanctioned a loan of Rs 27.03 billion for developing the first-ever supercritical power project in the state of West Bengal. The 660 MW Sagardighi Unit 5 is the first supercritical […]
The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) in Telangana has sanctioned Rs 58.1 million for 439 water supply project works. The funds have been sanctioned under the civic agency’s action plan to mitigate […]
To make real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) more attractive to investors, SEBI has notified norms allowing mutual funds to invest their money in such entities. The move comes after SEBI, […]
To boost the market for municipal bonds, the Securities and Exchange Board of India (SEBI) has allowed municipalities that have a surplus on their books in any of three immediately preceding financial years to issue […]
The Reserve Bank of India (RBI) has allowed multilateral and regional financial institutions to invest in rupee-denominated bonds (masala bonds) listed abroad. This is done to provide a greater choice of investors to Indian entities […]
The Andhra Pradesh government has approved the implementation of 11 waste-to-energy (WtE) projects under the government’s Swachh Andhra programme. While land has already been allocated for development of these projects, the required machinery for project […]
The National Industrial Corridor Development and Implementation Trust has approved the inclusion of the Gurgaon-Manesar-Bawal metro rail in the Delhi Mumbai Industrial Corridor (DMIC) project. The metro project involves the development of a 108 km […]
The Karnataka government has approved Phase 2A of the Bengaluru metro rail project. Phase 2A involves the development of a metro rail network from Krishnarajapuram to Silk Board in the city. It will cover a […]
The central government has awarded contracts worth Rs 10.5 billion for the development of sewage treatment infrastructure in Patna, Bihar, under the Namami Gange programme. Under the programme, the centre has awarded a contract worth […]
The Odisha government has launched a new water supply scheme called Buxi Jagabandhu Assured Water Supply to Habitations (BASUDHA) under its state budget for 2017-18. The government has prioritised water supply as a core focus […]
The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) is planning to construct two new reservoirs to meet the city’s future water requirements. These reservoirs are planned to have a capacity to hold 20 thousand […]
Vodafone India has awarded a 4G deployment contract worth $300 million to Ericsson. The contract has been awarded for the deployment of Vodafone’s 4G services in the Uttar Pradesh (West), Rajasthan, Odisha, Northeast and Assam […]
Bharti Airtel has partnered with Nokia to create a strategic roadmap for 5G technology and the management of internet of things devices. Under the partnership, Airtel will leverage Nokia’s end-to-end solution 5G FIRST, including its […]
The Delhi High Court has adjourned Vodafone India, Bharti Airtel and Idea Cellular’s plea against TRAI for imposing a penalty on the operators for allegedly denying interconnectivity to RJIL. Earlier, in October 2016, TRAI had […]
TRAI has released a consultation paper on the Regulatory Principles of Tariff Assessment. According to TRAI, there is a need to review potential anti-competitive practices, set out clearly defined standards of competitive conduct, and explore […]
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