Mahindra and Mahindra Limited has expanded the range of its road construction equipment segment by launching a new motor grader, the Mahindra RoadMaster G90, under the aegis of its construction equipment business. This product has […]
The port sector has seen rapid growth in the past three years in terms of policies and regulations, incentives and schemes, and project uptake. The government has approved the long-awaited amendments to the model concession […]
The Reserve Bank of India (RBI) has allowed bidders of insolvent companies to raise external commercial borrowings (ECBs) and use the proceeds to repay the rupee loans of the insolvent companies they are keen on […]
RBI has drawn up a new ECB framework allowing all eligible borrowers to raise up to $750 million per financial year under the automatic route, replacing the existing sector-wise limits. The central bank has also […]
The Securities and Exchange Board of India (SEBI) has streamlined the process for listing real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) by allowing alternative investment funds (AIFs) and other affiliates of merchant […]
The Karnataka government has allocated Rs 100 billion for development of 7,940 km of roads under the State Highway Development Project as part of the state budget 2019-20. Further, works for improvement and upgradation of […]
The central government has signed a Rs 24.7 billion loan agreement with the Japan International Cooperation Agency (JICA) for the Chennai Peripheral Ring Road project. The ring road, spanning a total length of 133.65 km, […]
A consortium of banks led by the State Bank of India (SBI) has agreed to provide Rs 220 billion (of the Rs 260 billion required) for construction of the Nagpur-Mumbai Expressway. SBI will provide the […]
KNR Srirangam Infra Private Limited, a wholly owned subsidiary of KNR Constructions Limited, has achieved financial closure for a hybrid annuity model (HAM)-based road project in Tamil Nadu. The project involves four-laning of the Trichy-Kallagam […]
NTPC signed a term loan agreement for Rs 50 billion with SBI on February 11, 2019. The loan facility is extended at an interest rate linked to the three-month marginal cost of funds-based lending rate […]
According to reports, Jet Airways is expected to receive emergency funding of Rs 6 billion ($85 million) in a move to avert a financial crisis. Banks, led by SBI, have planned to provide the funds […]
The Andhra Pradesh Power Finance Corporation (APPFC) is in the process of raising Rs 50 billion through bonds after permission from the state government. APPFC has decided to raise funds by issuing redeemable non-convertible power […]
Oil India Limited has raised debt of $550 million by means of an overseas bond issue. The bond issue carries a 5.12 per cent fixed rate and has a 10-year tenor. The bonds are listed […]
The Ahmedabad Municipal Corporation in Gujarat has raised funds worth Rs 2 billion via municipal bonds for water and solid waste management projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). The bonds […]
Indian Telephone Industries [ITI] Limited has received approval from SEBI to float a follow-on public offer (FPO). This move will help ITI Limited in meeting the minimum 25 per cent public shareholding norm. ITI had […]
The Power Finance Corporation’s (PFC) plan to buy a 52 per cent stake in the Rural Electrification Corporation (REC) has been approved by the Competition Commission of India (CCI). The government is expected to acquire […]
SBI has signed an MoU with cash-strapped Jet Airways to convert its outstanding debt to equity. According to reports, SBI will hold about 15 per cent equity stake in the airline (based on the value […]
Airtel Africa Limited has announced that the Qatar Investment Authority (QIA) will invest $200 million in the company through a primary equity issuance. The proceeds will be used to reduce Airtel Africa’s existing net debt. […]
According to reports, Mauritius-based Bidvest Services, one of the shareholders in Mumbai International Airport Limited, has found a buyer for its 13.5 per cent equity stake in the airport. At present, Bidvest’s shareholdings are being […]
Reliance Industries Limited (RIL), along with its group companies (including Jio Content Distribution and Jio Internet Distribution Holdings) has announced an open offer to acquire an additional 26 per cent stake in Hathway Cable and […]
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