India eyes Rs 35,100 crore from partial sale of Bharatnet network, tower infra
NEW DELHI: The government of India expects to realise Rs 35,100 crore from the partial sale of Bharatnet fibre assets and around 13,500 mobile towers owned by state-run telecom firms as part of its national monetisation pipeline released on Monday. Government think tank Niti Aayog has valued over 2.86 lakh kilometre of optical fibre assets […]
India announces Rs 6 lakh crore asset monetisation pipeline
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways. She also said the asset monetisation does not involve selling of land and it is about monetising brownfield […]
Indian startups raise USD 16.9 billion VC funding in 2021, next only to China
NEW DELHI: Indian startups got USD 16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries, GlobalData said Friday. “Despite the third wave of COVID-19 pandemic looming large and slow economic recovery, venture capital (VC) investors seem to be reposing faith in the Indian startup ecosystem. In […]
Reserve Bank allows HDFC Bank to sell new credit cards
NEW DELHI: HDFC Bank on Wednesday said RBI has relaxed the restrictions placed on the bank to issue new cards. Reserve Bank of India (RBI) had issued orders in December and February to HDFC Bank on certain incidents of outages in the internet banking /mobile banking / payment utilities of the bank over the past […]
HAL signs Rs 5375 crores deal with GE Aviation
NEW DELHI: Hindustan Aeronautics Limited (HAL) has placed an order of for USD 716 million (Rs 5375 crores) for 99 F404-GE-IN20 engines and support services with GE Aviation, USA to power the Tejas Light Combat Aircraft. The contract was signed here today at HAL Corporate Office. “This is largest ever deal and the purchase order […]
Jammu and Kashmir expecting investment proposals worth Rs 50,000 crore
SRINAGAR: Jammu and Kashmir is expecting investment proposals worth Rs 50,000 core which have the capacity to provide employment opportunities to 10 lakh persons, Lieutenant Governor Manoj Sinha said here on Sunday. “So far, proposals worth Rs 23,500 crores have been received. Investment proposals of Rs 35,000 crore by December 2021 and Rs 50,000 crore […]
Over 50 lakh new investor registrations came into equity fold since April 2021: NSE’s Vikram Limaye
NEW DELHI: Leading stock exchange NSE, which helped transform country’s deep-rooted savings tradition into equity culture, has witnessed over 50 lakh new investor registrations in the current fiscal, its chief Vikram Limaye said on Sunday. This is equal to 62.5 per cent of the total number of new investor registrations, at around 80 lakh, that […]
IRB Infra achieves full commercial operation date for six-laning highway project in Rajasthan
NEW DELHI: IRB Infrastructure Developers SPV CG Tollway Ltd on Sunday said it has achieved full commercial operation date (COD) for Chittorgarh-Gulabpura six-laning highway project in Rajasthan. The National Highway Authority of India (NHAI) has issued completion certificate to IRB Infrastructure Developers Ltd. On receipt of this, the company has now become eligible for collecting […]
Eros Group to invest Rs. 200 crore in Greater Noida
NEW DELHI: The real estate developer EROS Group said that it has launched 6 more towers (2BHK and 3BHK) at its ongoing project Sampoornam. The towers, comprising 378 units and 14000 sq. meters in area, would be completed by early 2025. The total sales value of these towers will be around Rs 200 crore. An […]
SWAMIH Fund invests Rs. 150 crore in Tridhaatu Realty’s Chembur project
NEW DELHI: Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I), the government-backed last-mile financing platform has made an investment of over Rs 150 crore to complete a residential project of realty developer Tridhaatu Realty & Infra located in Chembur, Mumbai. As per the terms, SWAMIH’s investment will hold senior […]
Twitter transfers India head Manish Maheshwari to US
NEW DELHI: Twitter has transferred to the US its India head Manish Maheshwari, against whom an FIR was registered in Uttar Pradesh in connection with a probe related to a video of an alleged hate crime. While the company did not specify any reason for the change, it said Maheshwari will move to the US […]
Jio concludes spectrum trading agreement with Bharti Airtel
NEW DELHI: Reliance Jio Infocomm Ltd (RJIL) announced today that it has concluded the definitive Agreement entered with Bharti Airtel Limited for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh (2 x 3.75 MHz), Delhi (2 x 1.25 MHz) and Mumbai (2 x 2.5 MHz) circles through spectrum trading, which […]
Maharashtra sets up IT award in Rajiv Gandhi’s name
NEW DELHI: Days after former prime minister Rajiv Gandhi’s name was removed from the country’s top sports award Khel Ratna, the Maharashtra government, of which Congress is a constituent, on Tuesday set up an award in his name to felicitate information technology (IT) organizations helping society. A government order said the award commemorates the contribution […]
Rajasthan government to provide interest-free loan to street vendors
JAIPUR: The Rajasthan government has introduced a scheme to provide interest-free loan up to Rs 50,000 to street vendors, people in the age group of 18-40 years working in the service sector and unemployed of urban areas hit by Covid-19-induced financial crisis. In compliance with the budget announcement made by Chief Minister Ashok Gehlot, the […]
IT majors propose to set up units at cost of Rs 20,000 crore in Uttar Pradesh
NEW DELHI: The Yogi Adityanath Uttar Pradesh government in Uttar Pradesh would develop a data centre park spread over 200 acres of land in Sector 28 of Yamuna Expressway Industrial Development Authority (YEIDA) in Gautam Budh Nagar district. The implementation of this plan gets underway towards the end of this month. The Yogi Government believes […]
After 5G equipment, Tata Group looking to enter semiconductor manufacturing
NEW DELHI: Tata Group is looking to make a foray into semiconductor manufacturing, Chairman N Chandrasekaran said on Monday. Pegging the market opportunity of high-tech manufacturing of electronics at USD 1 trillion, Chandrasekaran said Tata Group has already set up a business to seize the opportunity. His remarks come days after the USD 100-billion group […]