JNPT is planning to accept vessel-related charges in US dollars, to help earn foreign currency and thus add to India’s foreign exchange reserves. Currently, ships pay in rupee equivalent. Under the new system, JNPT will […]
Tata Communications is reportedly planning to sell 74 per cent stake in its subsidiary, Tata Communications Data Centre Private Limited, to Singapore Technologies Telemedia. The deal is said to be valued at Rs 40 billion-Rs45 […]
Gujarat State Petronet Limited (GSPL) has bought 27.43 per cent stake in Sabarmati Gas Limited (SGL) from financial institutions for a consideration of Rs 562.3 million. SGL is a JV of Bharat Petroleum Corporation Limited […]
PNC Infratech Limited has announced the completion of the transaction involving sale of equity shares of Jaora-Nayagaon Toll Road Company Private Limited (JTCL) to Viva Highways Limited for a consideration of Rs 341.94 million. PNC […]
NCC Limited, along with Gayatri Projects Limited (GPL) and GPL’s subsidiary Gayatri Infra Ventures Limited (GIVL), has executed a definitive SPA to divest 100 per cent stake in Western UP Tollway Limited (WUPTL) to Cube […]
According to reports, the Essar Group is holding preliminary discussions with Saudi Arabian oil company Saudi Aramco to sell a stake in its refinery business, Essar Oil Limited, which is valued at about $5.5 billion. […]
TPCL has terminated the share purchase agreement (SPA) with Ideal Energy Projects Limited (IEPL) for the acquisition of 100 per cent stake in the latter’s 270 MW coal-based power project (extendable to 540 MW) in […]
Bengaluru-based mobile development toolkit start-up Hansel.io has raised an undisclosed amount of funding from venture capital fund Endiya Partners. The transaction was facilitated by Tracxn Syndicate, a data analytics firm that connects start-ups with potential […]
The Ministry of Power has issued direction to the financial institutions it controls in the power sector – the Rural Electrification Corporation and Power Finance Corporation – to take stakes in NHPC Limited. The move […]
The Securities and Exchange Board of India has approved the proposed initial public offerings (IPOs) of Chennai-based construction company GVR Infra Projects Limited and of Mahanagar Gas Limited (MGL), a Mumbai-based city gas distribution company. […]
The Japan International Cooperation Agency (JICA) has agreed to extend loans worth Rs 4 billion for implementation of the Shiradi Aizawl-Tuipang two-laning road project (National Highway [NH]-54) and Tura-Dalu two-laning road project (NH-62) in Mizoram […]
The Abu Dhabi Investment Authority, a sovereign wealth fund, has expressed interest in taking up 50 highway projects on a toll-operate-transfer basis in India. Under this model, roads already built by the National Highways Authority […]
GoAir is planning to launch a Rs 10 billion IPO in 2016-17. However, the carrier plans to go ahead with this once it acheives clarity on the delivery of new Airbus aircraft. The airline earlier […]
The central government has invited expression of interest bids from merchant bankers to manage an IPO for the sale of shares of Cochin Shipyard Limited. The IPO of over 33.9 million equity shares would include […]
The Securities and Exchange Board of India has approved the proposed initial public offerings (IPOs) of Chennai-based construction company GVR Infra Projects Limited and of Mahanagar Gas Limited (MGL), a Mumbai-based city gas distribution company. […]
Kannur International Airport Limited (KIAL) is considering issuing shares worth Rs 300 million to generate additional funds. An investor will have to subscribe to a minimum 500 shares, priced at Rs 100 a piece. The […]
Air India has sought Rs 33 billion under the turnaround plan and also asked to receive the backlog of Rs 9.77 billion which had already been sanctioned but not disbursed as budgetary support for 2016-17. […]
The Japan International Cooperation Agency (JICA) has agreed to extend loans worth Rs 4 billion for implementation of the Shiradi Aizawl-Tuipang two-laning road project (National Highway [NH]-54) and Tura-Dalu two-laning road project (NH-62) in Mizoram […]
The National Capital Region Planning Board (NCRPB) has approved loan assistance of about Rs 30 billion to support nine transport infrastructure projects in Noida, Ghaziabad and the state of Haryana. While two projects in Uttar […]
The Piramal Group is set to launch a fund to invest in distressed assets. The fund is expected to have a corpus of Rs 60 billion. Piramal India Resurgent Funds will be the first domestic […]
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