Dilip Buildcon Limited announced the closure of the qualified institutional placement (QIP) issue on April 26, 2021. The QIP committee of the company has determined and approved the issue and allotment of almost 9.45 million […]
The IPO of PowerGrid InvIT was subscribed 4.83 times on the last day of the subscription on May 3, 2021. The issue was valued at Rs 77,350 million and it received bids for 2,054,048,700 units […]
The maiden infrastructure investment trust (InvIT) promoted by the NHAI, through which it aims to raise Rs 51 billion, is likely to launched by June 2021. However, the NHAI InvIT will be out of bounds […]
The Department of Economic Affairs, Government of India, and the Agence Francaise de Development (AFD) are expected to sign a credit facility agreement (CFA) for the implementation of the 24×7 Manimajra water supply project by […]
The Expert Appraisal Committee of the Ministry of Environment, Forest and Climate Change has recommended grant of coastal regulation zone clearance for the development of the seawater intake system at the Gir-Somnath desalination plant project. […]
The cost of the 24×7 Manimajra water supply project has been revised from Rs 4.4 billion to Rs 5.91 billion due to the addition of new components under the project. The new components include the […]
The Municipal Administration and Urban Development, Telangana, has given administrative sanction for the remodelling of the stormwater drainage (SWD) system in Greater Hyderabad on April 19, 2021. The project involves the remodelling of the entire […]
The Maharashtra cabinet has approved the transfer of 4.75 hectares of land in Balewadi for the Hinjewadi-Shivajinagar metro rail project (Corridor 3 of the Pune metro). Currently, about 95 per cent of land acquisition for […]
The European Investment Bank and the Government of India signed a loan agreement worth Rs 26.77 billion (€300 million) for the Pune metro rail project Phase I and the Kanpur metro rail project Phase I […]
The union cabinet has approved the implementation of the Bengaluru metro rail project – Phase 2A (KR Puram-Silk Board corridor) and Phase 2B (Bengaluru airport corridor). Phase 2A of the Bengaluru metro involves the development […]
Vehant Technologies has secured a contract from RailTel to install 100 cameras at railway stations across the country. These cameras can recognise faces behind masks and thus help in identifying people not maintaining Covid-appropriate behaviour […]
The Reserve Bank of India (RBI) has issued a circular stating that all licensed prepaid payment instruments (PPIs) such as Paytm, PhonePe and Mobikwik should become interoperable from financial year 2023. According to the new […]
Telecommunications Consultants of India Limited (TCIL) has entered into a partnership with NTT Advanced Technologies to cooperate in the areas of 5G, cybersecurity, AI and submarine cable systems. The two-year-long extendable deal will enable both […]
RailTel has successfully completed the work to provide public Wi-Fi at 6,000 stations across the country. The Hazaribagh railway station in the East Central Railway zone became the 6,000th station in the country to have […]
Reliance Jio is constructing the largest international submarine cable system centred in India. Jio, in conjunction with submarine cable supplier SubCom and several global partners, is deploying two next-generation cables to support the multifold growth […]
Vi has expanded its voice-over-Wi-Fi (VoWi-Fi) calling service to Apple iPhones in India. According to Vi, iPhones running on the latest iOS 14.5 software version will now be able to use the Wi-Fi calling service. […]
TRAI has issued a supplementary consultation paper on the “Roadmap to Promote Broadband Connectivity and Enhanced Broadband Speed”. The paper seeks the opinion of industry stakeholders on whether the proliferation of fixed line broadband services […]
The Telecom Regulatory Authority of India (TRAI) has released a consultation paper on the “Validity Period of Tariff Offers”, seeking inputs from stakeholders on whether to intervene in determining the validity period of telecom tariff […]
The Department of Telecommunications (DoT) has approved telecom service providers’ (TSPs) proposals for conducting 5G trials. The applicant TSPs are Bharti Airtel, Reliance Jio, Vodafone Idea (Vi) and Mahanagar Telephone Nigam Limited. These TSPs have […]
To provide uninterrupted passage to tankers and containers carrying LMO across national highways, NHAI has exempted the user fee for such vehicles at toll plazas. Keeping in view the current unprecedented demand for medical oxygen […]
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