Intra-city logistics provider, Porter has announced its second employee stock option liquidity plan worth Rs 0.5 billion (around $6.1 million) for its current and former staff. As part of this, the staff at Porter’s with vested […]
Logistech Solutions Private Limited, which operates the logistics start-up Locad, has raised $11 million (Rs 0.9 billion) in a Series A funding round led by Reefknot Investments, a joint venture between Temasek Holdings and Kuehne, […]
Adani Enterprises Limited has approved its Rs 200 billion follow-on public offering (FPO), citing investor protection concerns. The company is now working on returning the entire amount of funds raised by investors lying in an […]
Vodafone Idea Limited’s (Vi) board has approved the issue of planned preferential optionally convertible debentures to the American Tower Corporation after the telco missed the deadline for the same. The issue comprises up to 16,000 […]
Mahanagar Telephone Nigam Limited has set a 7.78 per cent semi-annual coupon rate on its government-guaranteed bonds maturing in 10 years. The telco accepted bids worth Rs 16.18 billion for the bond issue, for which it […]
The Indore Municipal Corporation will be floating a green bond to raise Rs 2.45 billion for a 60 MW ground-mounted captive solar PV project in Khargone district, Madhya Pradesh. The bonds will have a base […]
Reliance Jio Infocomm Limited is planning to raise funds through the sale of commercial papers. The maturity period of the commercial papers will likely be two months. The company will offer a yield of 6.79 per […]
SBI has raised Rs 97 billion through its second infrastructure bond issuance. The bonds carry a coupon rate of 7.7 per cent per annum with a tenor of 15 years. The issue received 118 bids. […]
RBI has issued the first Rs 80 billion tranche of sovereign green bonds. The tranche included Rs 40 billion each of 5-year and 10-year notes. The 10-year bond was sold at a cut-off price of […]
The Securities and Exchange Board of India (SEBI) has notified the Issue and Listing of Non-Convertible Securities (Amendment) Regulations, 2023. SEBI strengthened the framework for green bonds by introducing the concept of blue and yellow […]
The Brihanmumbai Municipal Corporation (BMC) has allocated funds worth Rs 100.16 billion for water supply and sewage disposal, in its fiscal budget for 2023-24. In addition to this, the stormwater drain department has received an […]
National High Speed Rail Corporation Limited has received an allocation of Rs 195.92 billion for the Mumbai-Ahmedabad High Speed Rail Corridor Project in Union budget 2023-24. It involves the development of the 508.17 km long […]
The centre will allocate an additional Rs 126 billion to Gujarat for the construction of roads, bridges and logistics parks. This fund will include Rs 60 billion for the development of multimodal logistic parks in […]
The Tata Group-owned Air India will borrow Rs 180 billion through one-year loans from the State Bank of India (SBI) and Bank of Baroda (BoB) to refinance existing debt over the short term, while also planning to tap longer tenure loans […]
The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited have signed a loan agreement worth Rs 10.66 billion ($131 million) for upgradation, operations, maintenance and transfer (UOMT) of the Jawaharlal Nehru Port Container Terminal (JNCPT). The financing package consists of $61.4 million […]
The Reserve Bank of India (RBI) has raised the country’s policy rate by 25 basis points (bps) in its last policy review of 2022-23 amid inflation. The Monetary Policy Committee increased the repo rate, or […]
The public works department of Goa inaugurated the design, construction and testing of a 2 million litre per day sewage treatment plant (STP) at Patto in Panaji on February 6, 2023. In addition to treating […]
The Andhra Pradesh government has granted an administrative sanction worth Rs 3.55 billion to the Ongole Municipal Corporation (OMC) to resolve the water scarcity problem in the district under AMRUT 2.0. The OMC is planning […]
According to the Economic Survey 2023-24, as of January 18, 2023, 110 million have been provided tap water supply out of a total of 194 million. Four states, namely Goa, Gujarat, Telangana and Haryana, and […]
In the Union Budget 2023-24, the Ministry of Jal Shakti has received an allocation of Rs 972.77 billion. The allocation is 12.86 per cent higher than the budget estimate of Rs 861.89 billion for 2022-23. […]
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