India and Japan have signed an MoU to enhance cooperation in the field of information and communications technology (ICT). As per the MoU, DoT and the Government of Japan will enhance their mutual cooperation in […]
ST Engineering iDirect has received a contract from system integrator, Shaf Broadcast, on behalf of BSNL, to augment satellite bandwidth to the offshore Indian islands of Andaman, Nicobar and Lakshadweep under a Universal Service Obligation […]
The Gujarat government has approved the draft DPR for the Ahmedabad-Dholera special investment region monorail project. The project involves the development of elevated monorail to connect Ahmedabad to Dholera in Gujarat. A total of seven […]
The Public Investment Board has approved implementation of the Kochi metro rail project Phase II. The project involves the development of 11.17 km long metro rail network from Jawaharlal Nehru stadium to Infopark via Kakkanad […]
The Ministry of Finance (MoF) and Agence Francaise de Developpement signed an MoU for providing funds worth Rs 20.71 billion for the Surat metro rail project Phase I on January 28, 2021. The Surat metro […]
The Punjab government laid the foundation stone for the Buddha Nullah rejuvenation project on January 12, 2021. The project is being implemented by the Punjab Water Supply and Sewerage Board on design, build, operate and […]
The executive committee of the National Mission for Clean Ganga has approved the revised cost of Rs 2.58 billion for the Chambal river environmental improvement plan under the Namami Gange Programme. The scope of this […]
The Dhanbad Municipal Corporation (DMC) is expected to take over the Rs 3.65 billion water supply project that is currently being run by the Drinking Water and Sanitation Department, Jharkhand. The take-over is being done […]
The Delhi Jal Board (DJB) will be establishing a state-of-the-art real-time monitoring system for the city’s water supply and proper functioning of water treatment plants through supervisory control and data acquisition system (SCADA). The SCADA […]
The Department of Urban Development and Municipal Affairs, West Bengal government has laid the foundation stone for the Maheshtala water supply project. The project involves the development of a 40 million gallon water purification plant […]
ONGC’s plan to complete the merger of its refining subsidiary Mangalore Refinery and Petrochemicals Limited (MRPL) with recently acquired Hindustan Petroleum Corporation Limited (HPCL) to align its upstream and downstream operations into two verticals has […]
Total France will acquire a 20 per cent stake in Adani Green Energy Limited (AGEL), for a global investment of $2.5 billion. Additionally, Total will acquire a 50 per cent stake in a 2.35 GW […]
According to reports, Aurobindo Realty and Infrastructure Private Limited (ARIPL) is planning to acquire a 41.12 per cent equity stake in Kakinada Seaports Limited. ARIPL will buy the stake from Kakinada Infrastructure Holdings Private Limited, […]
Adani Airport Holdings Limited (AAHL), a wholly owned subsidiary of Adani Enterprises, has acquired a 23.5 per cent stake in Mumbai International Airport Limited (MIAL) from ACSA Global and Bid Services Division (Mauritius), or Bidvest, […]
Morgan Stanley’s India Infrastructure Fund has acquired a stake in pallet pooling firm LEAP India for Rs 1.8 billion ($25 million). The investment will help LEAP achieve a total asset pool of 6 million and […]
Welspun One Logistics Parks has launched its debut alternative investment fund (AIF) focused on warehousing in India. The fund, Welspun One Logistics Parks Fund I, has a target corpus of Rs 5 billion with a […]
Private equity major Blackstone Group is looking to acquire Embassy Industrial Parks from Warburg Pincus and the Embassy Group at an enterprise value of $700 million (Rs 51 billion). The transaction between Blackstone, Warburg Pincus […]
National Investment and Infrastructure Fund Limited (NIIFL) has announced a commitment of $100 million from the New Development Bank (NDB) into the NIIF Fund of Funds (FoF). With the NDB’s investment, the FoF has secured […]
GoAir, the budget airline of the Wadia Group, plans to launch its IPO to raise about Rs 30 billion (about $411 million). Citigroup, ICICI Securities and Morgan Stanley have been appointed as bankers for reviving […]
Power Grid Corporation of India Limited (Powergrid) has filed draft papers for an initial public offering (IPO) of its first InvIT for around Rs 80 billion. Powergrid will be the first state-run entity to monetise […]
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