The National Payments Corporation of India has launched an online payments solution – the unified payments interface (UPI) – that will combine multiple bank accounts into a single mobile application of a participating bank. Further, […]
RBI has granted a payments bank licence to the JV between Airtel M Commerce Services Limited (a subsidiary of Bharti Airtel) and Kotak Mahindra Bank. In August 2015, RBI had given in-principle approval to 11 […]
AAI is expected to record an all-time high revenue of Rs 100 billion in 2015-16, a 7.7 per cent increase from Rs 92.85 billion in 2014-15. This growth can be attributed to a surge in […]
US-based SunEdison is reportedly in discussions with Finland-based Fortum to sell its minority stakes in solar projects in India to the latter. Through this, SunEdison attempts to furnish funds to finish the planned projects in […]
Srei Infrastructure Finance Limited has announced that it has received Rs 29.31 billion after offloading its 18.5 per cent stake in Viom Networks to American Tower Corporation (ATC). This comes after the CCEA approved ATC’s […]
Jet Airways has received shareholder approval for the proposed merger of its subsidiary JetLite with itself. The airline’s board had approved the merger in September 2015. The merger will lead to greater efficiency in cash […]
Idea Cellular’s board has approved the proposed merger of Idea Mobile Commerce Services Limited (IMCSL) with Aditya Birla Idea Payments Bank Limited (ABIPBL). At present, IMCSL manages the operator’s digital wallet Idea Money. APIPBL was […]
Mumbai-based messaging and voice interface company RouteSMS is planning to launch an IPO by October 2016. The company is likely to dilute 25-30 per cent stake through the IPO, which is being handled by YES […]
The Vodafone Group has reportedly invited banks to submit pitches for managing its planned initial public offering (IPO) in India. These include the Citigroup, Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch, the UBS […]
IDFC Alternatives is in discussions with ACME Solar to invest Rs 6 billion in the latter. ACME will utilise the funds to execute its under-development solar power project. Currently, the company has solar power assets […]
The Madhucon Group has completed the strategic sale of its majority stake (74 per cent) in Madhucon Agra-Jaipur Expressways Limited to Cube Highways and Infrastructure Private Limited. In October 2015, Madhucon had entered into an […]
The Tata Group has decided to defer the share conversion option in Tata Teleservices Limited (TTSL) by a year, after the group and its equity partner NTT DOCOMO failed to arrive at a mutually agreeable […]
The Zurich Airport Authority signed an agreement on April 18, 2016 for the sale of its 5 per cent equity stake in Bangalore International Airport Limited (BIAL) to Fairfax India Holdings for a sum of […]
The central government gave its approval on April 27, 2016 to Bharat Petroleum Corporation Limited (BPCL) to enhance its equity contribution in Bharat Oman Refineries Limited (BORL) for developing the Bina refinery expansion project. The […]
Tata Power Company Limited is in advanced stages of discussions to acquire the renewable energy assets of the Welspun Group. Welspun has operational solar and wind assets aggregating 1,152 MW of capacity as well as […]
JSW Energy has entered into a definitive agreement with Jindal Steel and Power Limited (JSPL) to acquire the latter’s 1,000 MW Raigarh coal-based power plant in Chhattisgarh. As per the agreement, the cost of the […]
Idea Cellular has announced that it will transfer the 7,997 telecom towers that it owns and operates across the country to its subsidiary, Idea Cellular Infrastructure Services Limited (ICISL). ICISL currently offers tower infrastructure services […]
The Indian Renewable Energy Development Agency (IREDA) is planning to raise Rs 15 billion-Rs 20 billion through taxable bonds in 2015-16. The funds will be utilised for financing renewable energy projects in the country. In […]
Delhi Transco Limited (DTL) has sought a loan of Rs 8 billion from the Power Finance Corporation for completing three projects – laying cables in the Rajghat, Dwarka and Tughlakabad areas of Delhi. Reportedly, DTL […]
The Ministry of Power (MoP) is likely to present a proposal to the Cabinet Committee on Economic Affairs (CCEA) seeking extension of the timeline for issuance of bonds under the Ujwal Discom Assurance Yojana (UDAY). […]
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