The Adani Group has prepaid share-backed financing of Rs 73.74 billion ahead of maturity in April 2025. The company seeks to pacify nervous investors and lenders after the US-based Hindenburg Research accused it of accounting […]
CPP Investments has bought additional units in IndInfravit Trust, an infrastructure investment trust (InvIT), thus increasing its exposure to the Indian highways sector via a new secondary deal. The pension fund has bought units equivalent […]
The government has concluded the sale of sovereign green bonds worth Rs 160 billion, with the second tranche raising Rs 80 billion. The second tranche included Rs 40 billion in bonds with a five-year tenor […]
NHPC Limited has raised Rs 9.96 billion through the issuance of unsecured, redeemable, non-convertible, non-cumulative and taxable AD Series bonds on a private placement basis. The company allotted 7.59 per cent per annum bonds on […]
NSE Indices, a subsidiary of NSE, has launched India’s first sovereign green bond indices to track the performance of Indian sovereign green bonds issued recently by the government. The maturity dates for these indices, Nifty […]
Vodafone Idea Limited (Vi) has allotted 12,000 unsecured, unrated and unlisted optionally convertible debentures (OCDs) to the American Tower Corporation (ATC). The remaining 4,000 OCDs will be allotted after receiving the application form and subscription […]
The Power Grid Corporation of India (Powergrid) has announced that its committee of directors for bonds has approved the issuance of bonds with a base size of up to Rs 3 billion and a greenshoe […]
The Japan International Cooperation Agency (JICA) has provided funds worth Rs 17.28 billion (JPY 30,755 million) under Tranche III of official development assistance for the Mumbai Trans-Harbour Link Project. About 92 per cent of project […]
In the state budgets for 2023-24, the Uttar Pradesh and Madhya Pradesh governments have allocated funds worth Rs 253.5 billion and Rs 73.32 billion, respectively, for the Jal Jeevan Mission (JJM) under the National Rural […]
The Maharashtra government has approved funds worth Rs 470 million for the construction of six sewage treatment plants (STPs) of different capacities in Matheran. The initiative has been taken to prevent the release of wastewater […]
Under the State Budget 2023-24, the Odisha government has allocated funds worth Rs 132.15 billion for providing piped drinking water in rural areas in the state. In addition to this, the fund allocation includes Rs […]
The central government has proposed the roll-out of high speed Vande Bharat Metro trains for short distances. The project is expected to be rolled out by the end of 2023. Vande Bharat Metro is a […]
Tunnelling work has commenced at Agra Fort’s RamleelaMaidan for Package AGCC-02 of the Agra Metro Rail Project, Phase I. Package AGCC-02 involves the design and construction of a tunnel from the start of the underground […]
The Commissioner of Railway Safety (CRS) has granted safety clearance for the New Garia station-Ruby station stretch of the Kolkata Metro Expansion Project. The project involves the expansion of the existing metro rail network in […]
Survey works for the Hyderabad Metro Airport Express Line Project (Hyderabad Metro-Phase IIA) have been completed. Moreover, Hyderabad Airport Metro Limited has commenced the peg-marking work for the project. Phase IIA of the project involves the […]
The Chennai Metro Rail Corporation (CMRL) has commenced a feasibility study to explore the possibility of implementing the Bommasandra-Hosur Metro Rail Project. Recently, the Ministry of Housing and Urban Affairs approved the commencement of the feasibility […]
The central government has approved NamamiGange Mission-II, with a budgetary outlay of Rs 225 billion till the year 2026. This includes projects for existing liabilities worth Rs 112.25 billion, and new projects and interventions worth […]
Uttar Pradesh has secured the fourth position in the country in providing tap water connections under the HarGharNal scheme of the Jal Jeevan Mission (JJM). As per the latest data released by the government, 8,187,394 […]
The Bangalore Water Supply and Sewerage Board will be extending the use of its supervisory control and data acquisition (SCADA) system to monitor the water supply at various pumphouses. According to the authorities, the system […]
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