Investment

The Reserve Bank of India (RBI) has cancelled registration of 31 non-banking finance companies (NBFC) operating in a financial-strapped sector.

Three sewage infrastructure projects, costing Rs.425.41 crore, has been completed in Varanasi, a release from the Public Information Bureau said on 8 Nov 2018. 

Inland Waterways Authority of India (IWAI), the project Implementing Agency, has completed the first of the three Multi Modal Terminals (MMTs) as a more environment-friendly transport for cargo movement.

The Union Cabinet has approved the filling of Padur Strategic Petroleum Reserves (SPR) at Padur in Karnataka state by overseas National Oil Companies (NOCs).

The Cabinet Committee on Economic Affairs has given ‘in principle’ approval for strategic disinvestment of 100% Government of India's shares in Dredging Corporation of India Ltd (DCIL) to consortium of four ports namely, Vishakhapatnam Port Trust, Paradeep Port Trust, Jawahar...

The Union Cabinet has approved leasing out of six airports, Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru, under Public Private Partnership (PPP) model of development.

L&T Technology Services has been rated as a Leader in 6 market categories across 3 industries for the German market in the inaugural edition of Provider Lens™ survey by Information Services Group (ISG).

The GSMA has expanded its regional office in New Delhi, citing that India will be a major driver of mobile industry growth in the Asia Pacific region and globally and is set to reach nearly 920 million subscribers in 2025

SpiceJet Ltd will get the first of the three 737 MAX 8 aircraft in December 2018 under a long-term lease signed with CDB Aviation.

Energy Vault has announced an agreement with The Tata Power Company to deploy an initial 35 MWh Energy Vault system with installation expected in 2019.