NHAI has received an upfront consideration of Rs 50.11 billion from Cube Highways and Infrastructure, under the third bundle of the TOT model. The Singapore-based firm had delayed the payment to NHAI amidst the uncertainties […]
Diptab Ventures Private Limited, which operates the intra-city logistics marketplace LetsTransport, has raised Rs 560 million (about $7.5 million) in an extension of its Series B funding round. LetsTransport raised this capital from investors including […]
The National Investment and Infrastructure Fund (NIIF) will acquire two toll road projects from the Essel Group. The acquisition of Essel Devanahalli Tollway Private Limited and Essel Dichpally Tollway Private Limited will be made through […]
Reportedly, the Tata Group has refused an offer from US-based fund Interups, Inc. to buy out its Malaysian joint venture (JV) partner from AirAsia India. AirAsia Berhad holds 49 per cent while the Tata Group […]
The central government has announced that it will allow bids for the divestment of Air India on the basis of its enterprise value. The enterprise value to be quoted (market value of debt and equity) […]
Lenders to Jet Airways (India) Limited have approved a resolution plan to revive the airline. The Committee of Creditors cleared the plan submitted by UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan. Jet’s insolvency […]
ReNew Power has sold its wind farms in Karnataka to Ayana Renewable for a consideration of Rs 16 billion. Ayana Renewable is owned by the UK government’s development finance arm, the CDC Group. Both the […]
The Competition Commission of India has approved Google picking up a 7.73 per cent stake in Jio Platforms Limited (JPL) for Rs 337.37 billion. Google will be making the investment in RIL‘s digital arm through […]
ONGC Videsh Limited has entered into a definitive agreement to buy Australian company FAR’s stake in the $4.2 billion Rufisque-Sangomar offshore oil project in Senegal. According to ONGC Videsh, the definitive agreement is for buying […]
NHPC Limited’s board of directors has approved the proposal to merge Lanco Teesta Hydro Power Private Limited (LTHPPL) with itself. NHPC had won the bid to take over the 500 MW Teesta VI hydropower project […]
Adani Transmission Limited is planning to buy Warora Kurnool Transmission Limited, an SPV set up by Essel Infraprojects Limited in April 2015. Warora Kurnool is laying 941 km of transmission lines across Maharashtra, Telangana and […]
C.N. Singh is a seasoned professional with four decades of experience in the thermal power segment, with a 25 years’ stint with NTPC Limited. He took over as chief executive officer of Vedanta Limited, Jharsuguda, […]
Ravindra D. Chavan is a transmission industry veteran and has worked across several domains including supply chain management, quality enhancement and business development. At present, he is director (projects), Maharashtra State Electricity Transmission Company Limited […]
Smart cities are knowledge-based cities that conserve energy and other natural resources, provide a greener environment along with a vibrant urban economy to its citizens. To emerge as self-sustained communities and develop a smart city, […]
The metamorphosis of a city into a smart city needs dedicated communications infrastructure to integrate the facilities and services offered by a city into a cohesive and efficient system that improves the standard of living […]
As cities are being developed into smart cities, it has become imperative for governments to incorporate world-class communications infrastructure to ensure free flow of information, increase public participation and thereby increase public welfare. A number […]
The Smart Cities Mission (SCM) is based on the idea of using information and communication technology (ICT) tools as the bedrock to modernise cities in order to make them more sustainable, liveable, resilient and inclusive. […]
In view of the increasing environmental concerns associated with fuel-based mobility, the government has been promoting e-mobility, which has zero tail pipe emissions. In this regard, a policy framework has been developed and a plethora […]
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