Investment

The Abu Dhabi National Oil Company (ADNOC) is exploring the possibility of storing crude oil in India’s cavern at Padur in Karnataka.

India is pushing for liberalizing norms in the Regional Comprehensive Economic Partnership (RCEP) to promote services trade as the sector accounts for about 55% of its Gross Domestic Product (GDP).

Energy Efficiency Services Limited (EESL) and GAIL are developing natural gas-based cogeneration and trigeneration projects in Commercial & Industrial Sectors in India.

Japan’s Rakuten Mobile Network Inc and Tech Mahindra are building next generation (4G & 5G) software defined network laboratories in Tokyo and Bengaluru.

India’s food retail market is expected to touch US$827 billion by 2023, up from US$487 billion in 2017, growing at a compound annual growth rate (CAGR) of 9.23%, with recent reforms making the sector more competitive and market oriented.

Employees will be offered 99 lakh shares at Rs.252.7 per share of Coal India Ltd which is expected to fetch Rs.250 crore as the government divest its stake.

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).