The government plans to complete the first round of auction of oilfields under the Open Acreage Licensing Policy (OALP) by March 2018 and award the blocks by June 2018. The auction, which is under the […]
The Indian government has rejected the request of Dubai-based airline FlyDubai to provide direct connectivity to underserved airports in the north-eastern region, namely, Guwahati and Dibrugarh. The decision came as the carriers from India and […]
Air Odisha and Air Deccan have entered into a partnership to share each other’s networks and resources so as to achieve economies of scale. The areas of cooperation include aircraft procurement, leases, maintenance, information technology […]
SpiceJet has conducted the first amphibious seaplane trial at Girgaon Chowpatty in Mumbai. Following this, the Andhra Pradesh government has conducted a second trial of the aircraft on the Krishna river. The airline is planning […]
The Ministry of Civil Aviation (MoCA) has inaugurated a new terminal building developed under the Hubli Airport Expansion Project. The entire project is being developed at an investment of Rs 1.42 billion and involves the […]
Shapoorji Pallonji & Company Limited has emerged as the lowest bidder for the construction of a terminal building under the Guwahati Airport Expansion Project. The work has a completion period of 36 months. The entire […]
GVK Power and Infrastructure Limited has signed a concession agreement with City and Industrial Development Corporation of Maharashtra Limited (CIDCO) on January 8, 2018 to develop the Navi Mumbai International Airport Project. The concession agreement […]
The central government has relaxed the foreign direct investment norms for Air India, which is currently undergoing divestment. According to the revised norms, foreign airlines are permitted to invest up to 49 per cent in […]
PNC Infratech Limited has achieved financial closure for the Chitradurga-Davanagere six-laning road project. The project involves the six-laning of the Chitradurga-Davanagere stretch, including the Chitradurga bypass, from km 0 to km 20.7 and km 208 […]
US buyout giant KKR & Company has become the first foreign investor to fully own an asset reconstruction company in India as it has received approval from the Reserve Bank of India. KKR plans to […]
The central government has relaxed foreign direct investment (FDI) norms for Air India, which is currently undergoing divestment. According to the revised norms, foreign airlines are permitted to invest up to 49 per cent in […]
Tata Communications Limited will hive off its property holdings into a separate company soon, and it will be listed subsequently. The value of the company’s 773 acres of land parcels is pegged at about Rs […]
Reliance Infrastructure Limited (RInfra) has signed a definitive binding agreement to sell its Mumbai power business to Adani Transmission Limited for Rs 188 billion. The deal, likely to be closed by March 2018, will see […]
IVRCL has entered into a share purchase agreement with Cube Highways and Infrastructure Private Limited for the sale of its entire stake in two subsidiaries – Salem Tollways Limited (STL) and Kumarpalayam Tollways Limited (KTL). […]
Brookfield Asset Management, Inc. and the Kotak Mahindra Group have jointly bid for Jaypee Power Ventures Limited’s assets aggregating 2,200 MW. If the deal concludes, it is expected to close at an equity value of […]
Reliance Communications (RCOM) and its affiliates have signed binding definitive agreements with Reliance Jio Infocomm Limited (RJIL) for the sale of wireless spectrum, towers, fibre assets and media convergence nodes. These assets, reportedly worth over […]
Solar equipment manufacturer Orb Energy Private Limited has raised $15 million (Rs 950 million) through a combination of debt and equity from Dutch development bank FMO, the Overseas Private Investment Corporation (OPIC), African finance institution […]
Global private equity firm Warburg Pincus’s affiliate will acquire a 20 per cent stake in Bharti Telemedia Limited, the direct-to-home (DTH) arm of Airtel. As per the deal, which is valued at $350 million, Bharti […]
A Mitsubishi Corporation-led Japanese consortium has agreed to acquire a 20 per cent stake in I Squared Capital and IFC -backed Cube Highways for $300 million-$350 million. Besides Mitsubishi Corporation, the consortium includes the East […]
According to reports, the consortium of Ilog Port (Dahej) Private Limited (wholly owned by Srei Infrastructure Finance Limited) and JSW Infrastructure Limited (JSWIL) is likely to acquire a stake in the Dahej greenfield port project. […]
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