The stakes of Jet Airways’ shareholders will decline by 0.2 per cent upon its takeover by the Jalan Kalrock Consortium. As per official documents, the consortium has made a proposal to reframe the shareholding from […]
HDFC Capital Advisors Limited, a wholly owned subsidiary of HDFC Limited, has marked a $376 million initial close for Scheme 2 of its HDFC Capital Affordable Real Estate Fund-3 (H-CARE 3) (around Rs 30 billion). […]
The Indian Energy Exchange (IEX) has received shareholders’ approval through a postal ballot to buy back shares worth up to Rs 980 million. The company’s board of directors had approved the cash offer for the […]
Digital Edge, headquartered in Singapore, is collaborating with the National Investment and Infrastructure Fund (NIIF) and AGP DC InvestCo Private Limited to build a pan-Indian portfolio of hyperscale data centres. The first project of the […]
The board of IRB Infrastructure Developers has approved a stock split of 10 for 1. The board of directors of the firm has accepted the proposal for the subdivision of the existing equity shares from […]
The board of IRB Infrastructure Developers has approved a stock split of 10 for 1. The board of directors of the firm has accepted the proposal for the subdivision of the existing equity shares from […]
Bharat Highways InvIT, an infrastructure investment trust (InvIT), has filed a draft prospectus with the Securities and Exchange Board of India (SEBI) to raise funds worth Rs 20 billion through an initial public offering (IPO). […]
Bharat Sanchar Nigam Limited (BSNL) has invited bids to raise up to Rs 42 billion through the Government of India-guaranteed bonds, maturing in 10 years. The issue consists of a Rs 5 billion ($60.54 million) […]
The Government of India, as part of its overall market borrowings, will be issuing sovereign green bonds to mobilise resources for green infrastructure, as announced in the Union Budget 2022-23. The sovereign green bonds will […]
Tata Power Company Limited has raised Rs 10 billion through the issuance of unsecured, redeemable, rated, listed, taxable, non-convertible debentures (NCDs) on a private placement basis. The maturity of Series I NCDs worth Rs 5 […]
In a regulatory filing, Bharti Airtel disclosed that it has approved the allotment of equity worth $8.6 million (about Rs 710 million) to those holding its foreign debt bonds issued in January 2020. To this […]
MUFG Bank Limited has extended a Rs 4.5 billion sustainable trade finance facility to Tata Power. It is the first sustainable trade finance facility offered by MUFG in India. This credit facility was extended by […]
The Indian government and the Asian Development Bank (ADB) have signed a $1.22 billion loan agreement to boost the connectivity of major economic zones across Indian states. The agreements would cover projects meant to boost […]
The World Bank has sanctioned funds worth $200 million as financial assistance for the Shimla Municipal Corporation Supply Scheme. This amount will be disbursed in two parts – $40 million as a development policy loan […]
The Bhopal Municipal Corporation (BMC) has received a grant of Rs 10 billion from the central government under the AMRUT 2.0 scheme to tackle the sewage problems in the city. The municipal corporation plans to […]
The Punjab government has sanctioned Rs 605 million to install solar power energy systems for rural piped water supply schemes in the state, thus aiming to reduce electricity expenditure by Rs 80 million-Rs 90 million […]
The government is preparing to modify the insolvency law in an effort to minimise the time required to complete the resolution procedure for stressed assets, and to prevent the assets’ values from depreciating significantly. The […]
South Western Railway (SWR) has signed an agreement with Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE) for the transfer of 157 acres of land for the Bengaluru suburban rail project (Bengaluru commuter rail system). The […]
City and Industrial Development Corporation (CIDCO) conducted trial run on the 5.96 km Central Park – Belapur stretch of the Navi Mumbai Metro Rail Project (Corridor I- Phase I) on December 30, 2022. Besides, commercial […]
The tunnelling work on Venkateshpura-Shadi Mahal stretch under package RT-04 of the Bengaluru Metro Rail Project – Phase II was completed on December 16, 2022. Additionally, the tunneling work on 2.884 km long Shivajinagar –Tannery […]
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