Investment

SPRs filled during low oil prices As part of strengthening energy security, India has added Russia and Angola as new sources for crude oil imports on a term basis, Ministry of Petroleum and Natural Gas said in a 2020 review...

MNRE underlines the importance of renewables A 58.31 GW solar power capacity is currently under installation and or tendering process as harnessing solar energy is one of the major components of India’s renewable energy strategy, said the Ministry of New...

Saraf wants robust FTAs The Federation of Indian Export Organizations (FIEO) President Sharad Kumar Saraf sees 2021-22 exports at US$350 billion, citing “extremely good order booking position” for food including processed food, pharma, medical and diagnostic products, technical textiles, chemical,...

Approved: logistics and transport hubs for AP, Karnataka and Noida The Cabinet Committee on Economic Affairs (CCEA) has approved proposals of Department of Promotion of Industry & Internal Trade (DPIIT) for construction of various trunk infrastructure components. These are Rs....

Projects to be implemented under BOT and PPP modes The Cabinet Committee on Economic Affairs (CCEA) has approved the Rs.3,004.63 crore project for ‘Deepening and Optimization of Inner Harbour Facilities including Development of Western Dock on Build, Operate and Transfer...

HE projects being revived Himachal Pradesh, Sikkim and J&K The Government has decided to infuse liquidity of Rs.90,000 crore in the power sector through PFC and REC Ltd to enable the sector to maintain power supplies and keep the lights...

Global groups join Maritime Park on Willingdon Island Cochin Shipyard Limited is expected to commission the International Ship Repair Facility (ISRF) in FY 2021-22, having start construction on 17 Nov 2017, the Ministry of Ports, Shipping and Waterways said in...

Landlords will have to be more receptive to tenant demand The pace of recovery in the Indian office space market is expected to increase in the upcoming quarters, following on to Q4 2020 recovery sustained in both net absorptions as...

Industry expects Govt’s bold steps to tackle the economic challenge All eyes are on the upcoming Budget 2021-22, says recently appointed FICCI President Uday Shankar, noting the Government’s efforts to seek economic growth inducing ideas. Shankar made the comments on...

Capital required to support credit growth Public banks will need to raise additional capital of up to Rs.430 billion next year as they have call options falling due on the alternative tier-1 (AT-I) bonds totalling Rs 233 billion during FY...