ADB has signed a $375 million pact with India for loans and grants to develop the 800 km Visakhapatnam-Chennai Industrial Corridor, which is the first phase of the 2,500 km East Coast Economic Corridor. The […]
The Power Finance Corporation has sanctioned a loan of Rs 27.03 billion for developing the first-ever supercritical power project in the state of West Bengal. The 660 MW Sagardighi Unit 5 is the first supercritical […]
The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) in Telangana has sanctioned Rs 58.1 million for 439 water supply project works. The funds have been sanctioned under the civic agency’s action plan to mitigate […]
To boost the market for municipal bonds, the Securities and Exchange Board of India (SEBI) has allowed municipalities that have a surplus on their books in any of three immediately preceding financial years to issue […]
To make real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) more attractive to investors, SEBI has notified norms allowing mutual funds to invest their money in such entities. The move comes after SEBI, […]
The Reserve Bank of India (RBI) has allowed multilateral and regional financial institutions to invest in rupee-denominated bonds (masala bonds) listed abroad. This is done to provide a greater choice of investors to Indian entities […]
The National Industrial Corridor Development and Implementation Trust has approved the inclusion of the Gurgaon-Manesar-Bawal metro rail in the Delhi Mumbai Industrial Corridor (DMIC) project. The metro project involves the development of a 108 km […]
Airtel Payments Bank has rolled out commercial services across the country. The bank, a joint venture between Bharti Airtel (80.1 per cent) and Kotak Mahindra Bank (19.9 per cent), is offering an interest rate of […]
Norway-based Telenor Group has approached Aircel and Reliance Communications (RCOM) to explore a merger possibility through a share swap. Telenor has reportedly expressed its willingness to combine its business, customer base and spectrum with the […]
US-based software technology company Nuance Communications has acquired Noida-based mobile value-added services (VAS) provider mCarbon Tech Innovations for $36 million in a cash and stock transaction. mCarbon provides core network VAS and innovative customer value […]
The American Tower Corporation is reportedly planning to buy Idea Cellular’s telecom towers for an enterprise value of Rs 45 billion. Earlier, Idea Cellular was said to be in discussions with Bharti Infratel and private […]
TRIL, a fully owned subsidiary of Tata Sons, has purchased the two-lane 18.4 km Durg Bypass road project in Chhattisgarh for about Rs 8 billion. TRIL acquired the toll road by taking a 51.6 per […]
A consortium of lenders led by IDBI Bank has put on sale a 55 per cent stake in the GMR-built gas-based power project at Rajahmundry in Andhra Pradesh, which the lenders had acquired last year […]
Vodafone India has confirmed that it is in talks with Idea Cellular for a possible merger. As per the company, any merger will be effected through the issue of new shares of Idea to Vodafone […]
IDFC Project Equity Company Limited plans to acquire two road projects from GR Infraprojects Limited. The first project is the Shillong Bypass two-laning road project, which involves the development of a two-lane bypass from km […]
Orient Green Power Limited has entered into a non-binding agreement with IL&FS for merging their wind energy assets. The merged entity will have a total operational wind capacity of 1.2 GW. The merger is subject […]
Greenko Energy Private Limited (GEPL) is in advanced stages of acquiring the 100 MW Sorang hydroelectric project at Kinnaur in Himachal Pradesh from Abu Dhabi National Energy Company, PJSC, for Rs 6.5 billion. This is […]
A consortium of lenders led by IDBI Bank has put on sale a 55 per cent stake in the GMR-built gas-based power project at Rajahmundry in Andhra Pradesh, which the lenders had acquired last year […]
Indian Farmers Fertiliser Cooperative Limited (IFFCO) is planning to take a 10 per cent stake in Swan Energy Limited’s floating storage regasification unit liquefied natural gas (LNG) terminal project at Jafrabad. Earlier, Tata Realty and […]
Tata Steel Limited (TSL) has signed a definitive agreement with Creative Port Development Private Limited (CPDPL) and the latter’s promoters for the development of Subarnarekha port in Odisha. As per the terms of the agreement, […]
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