The central government has signed a credit facility agreement with France’s development financial institution Agence Française de Développement for financing a water supply project in Puducherry. The Rs 4.8 billion (Euro 65 million) agreement, focuses […]
The Asian Development Bank (ADB) has signed a loan agreement worth Rs 14.24 billion ($220 million) with the central government for the Rajasthan State Highway Investment Programme (RSHIP). The loan amount is the first tranche […]
The central government has signed a credit facility agreement with France’s development financial institution Agence Française de Développement for financing a water supply project in Puducherry. The Rs 4.8 billion (Euro 65 million) agreement, focuses […]
GMR Goa International Airport Limited, a subsidiary of GMR Airports, has signed the common loan agreement/debt facility agreement with Axis Bank Limited to fund the development of the Mopa International Airport project. The bank will […]
Piramal Finance Limited (PFL), a subsidiary of Piramal Enterprises Limited, has extended Rs 7 billon to ACME Solar Holdings Limited. The deal was made through PFL’s Corporate Finance Group under a flexi line of credit […]
The Ministry of Road Transport and Highways has sanctioned Rs 7 billion to the Gujarat government for the development of a 44 km stretch of the Sarkhej-Gandhinagar highway along with the six-laning of a 19 […]
The Uttar Pradesh government has allocated a total of Rs 45 billion for the implementation of three central missions in the state. Of this, Rs 15 billion has been allocated towards the implementation of the […]
SEBI has eased rules for investors looking to acquire stressed assets from banks, as it unveiled a series of measures to help lenders deal with rising bad debt, deepen capital markets and boost investor sentiment. […]
Putting in place disclosure norms for municipal bonds, the Securities and Exchange Board of India (SEBI) has asked municipalities to disclose all price-sensitive information and financial results to the stock exchanges. Municipalities proposing to issue […]
The Sampige Road-Yelachenahalli section of the Bengaluru Metro Rail Project, Phase I, in Karnataka has been inaugurated. With this, the entire Phase I of the project has been commissioned. The phase involved the development of […]
The Aluva-Palarivattom section of the Kochi Metro Rail Project, Phase I, in Kerala has commenced commercial operations. Phase I of the project involved the development of a 36.78 km long metro rail network in Kochi […]
The Haryana government has announced a project to revive the Bhandwari solid waste management plant in Gurugram by July 2019. The preliminary works on the plant are likely to commence by October 2017. The project […]
The Bangalore Water Supply and Sewerage Board (BWSSB) in Karnataka has commissioned three new sewage treatment plants (STPs) in the city. These are the Raja Canal STP, the Nagasandra STP and the Chikkabanavara STP. The […]
The Tamil Nadu government has inaugurated the Porur drinking water scheme in Chennai. It will involve pumping water from the Porur lake using two 50 horsepower pumps. The water will then undergo treatment through a […]
The Ministry of Urban Development has announced a list of 30 cities to be developed under Round III of the Smart Cities Mission. The 30 cities, selected from a total of 45 cities which participated […]
The Telangana government has launched the Hyderabad City Wi-Fi Project, also known as the Hy-Fi project. Under the project, the government has installed over 1,000 Wi-Fi hotspots across the city which will provide an assured […]
Bharti Airtel is planning to invest Rs 20 billion over the next three years for its digital innovation programme, Project Next. Under the programme, Airtel has announced the launch of several initiatives including the redesign […]
The Telecom Regulatory Authority of India (TRAI) has invited all companies, application providers as well as hardware and software providers for setting up a pilot project of public Wi-Fi hotspots, known as public data offices […]
The Central Board of Excise and Customs has hiked the GST rate for the construction sector to 18 per cent from the previous 12 per cent, but has removed the land value parameter from the […]
DoT has set up a panel to study Deloitte’s report on restructuring and reviving state-run telecom operator Mahanagar Telephone Nigam Limited (MTNL). Earlier, considering MTNL’s rising debt levels, DoT had selected Deloitte as a consultant […]
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