The Union Government inaugurated the East-West corridor under Ahmedabad-Gandhinagar Metro Rail Project Phase I on September 30, 2022. With this, the entire 21 km East-West corridor from Thaltej Gam to Vastral Gam is now operational. […]
Work on the 1.5 km-long tunnel on the Anand Vihar-New Ashok Nagar stretch of the Delhi-Ghaziabad-Meerut Regional Rapid Transit System Project Phase I has been completed. A tunnel boring machine (TBM) designated Sundarshan 4.1, is […]
The Commissioner of Metro Rail Safety (CMRS) granted safety clearance for the North-South corridor of the Ahmedabad-Gandhinagar metro rail project Phase I on September 17, 2022. The commercial operations are expected to commence by October […]
Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE) has commenced the preliminary groundwork for corridor II (Baiyappanahalli to Chikkabanavara) of the Bengaluru Suburban Rail Project (Bengaluru Commuter Rail System). The project involves development of a 148.17 […]
The CCI has approved the acquisition of the share capital of eighteen subsidiaries of Mytrah Energy (India) Private Limited by JSW Neo Energy through individual share purchase agreements. The acquisition presents an opportunity for JSW […]
The National Company Law Tribunal (NCLT) has granted approval for the acquisition of 58.1 per cent stake in Gangavaram Port Limited (GPL) by Adani Ports and Special Economic Zones Limited (APSEZL). The deal has priced […]
Adani Green Energy Limited (AGEL) has completed the acquisition of 100 per cent equity share capital of three entities from Inox Green Energy Services Limited (IGESL). The entities are Wind One Renergy Limited, Wind Three […]
Powergrid has acquired ER NER Transmission Limited (ETL) from the bid process coordinator, REC Power Development and Consultancy Limited. ETL is a project special purpose vehicle for establishing an interstate transmission system (ISTS) under a […]
Resurgent Power Ventures has acquired South East UP Power Transmission Company Limited (SEUPPTCL) for Rs 32.51 billion (about $408 million) through an insolvency process. This marks Resurgent’s third acquisition. In accordance with the resolution plan, […]
The Adani Group is in advanced negotiations to acquire the cement business of Jaiprakash Associates Limited for $606 million. The acquisition will be made by one of the newly acquired cement units of the Adani Group. […]
Singapore Airlines (SIA) has confirmed that it is in talks with India’s Tata Group regarding a prospective merger between Vistara and Air India. The confirmation follows rumours that Tata, having acquired a 100 per cent stake in Air […]
The Competition Commission of India (CCI) has approved Adani Power Limited’s proposed acquisition of the share capital of Diliigent Power Private Limited and DB Power Limited. This involves the acquisition of 100 per cent of […]
Actis has agreed to set up a joint venture (JV) with Mahindra Lifespace Developers Limited to develop industrial and logistics real estate facilities in India. In the initial years, both parties will invest Rs 22 […]
The Life Insurance Corporation of India (LIC) has sold over 2 per cent of its holding in Power Grid Corporation of India Limited (Powergrid) over the past five months for Rs 30.79 billion. The shares […]
Singapore Telecommunications Limited (Singtel) has concluded its planned sale of a 3.33 per cent stake in Bharti Airtel for around $1.76 billion (approximately Rs 144 billion). Singtel further noted that Bharti Telecom Limited (BTL) has […]
Atlas Investissement, an investment vehicle of Iliad, has acquired a 2.5 per cent stake in Vodafone Group Plc. Atlas Investissement supports Vodafone’s publicly stated intention to pursue consolidation opportunities, as well as its efforts in […]
Reliance New Energy Limited has signed a deal to invest $12 million for a 20 per cent share in the Caelux Corporation, a California-based company. This investment in the perovskite-based solar technology company will expedite product […]
The Mahindra Group and Ontario Teachers’ Pension Plan have announced a strategic collaboration to capitalise on India’s growing renewables opportunities and contribute to the country’s carbon reduction goals. The parties have signed binding agreements, wherein […]
Waaree Energies Limited has raised Rs 10 billion in primary funding from a variety of investors. The promoters took part in this equity raise at the same price. The proceeds will be further used to […]
Suzlon Energy Limited opened its rights issue on October 11, 2022 to raise up to Rs 12 billion. The entitlement ratio for the rights issue is 5:21, which means 5 shares for every 21 equity […]
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