Investment

ASSOCHAM confident on banks resolving NPAs It may take at least another three quarters before the problem of twin balance sheets of banks and highly leveraged corporate firms gets reasonably resolved, even as the process of resolution of the companies...

CII outlines initiatives under India RISE Mittal at his first press conference on 12 April 2018. The Indian industry should strategise for investments now, follow on to the government's wide ranging reforms introduced and being implemented, an industry leader has...

ITDC works on DRP for three-stage implementation   Work has started on Detailed Project Report (DPR) for a Rs.550 crore Mega Tourism Destination project at Bhairav Lanka in Kakinada, East Godavari District of Andhra Pradesh. The India Tourism Development Corporation...

Strategic partnership for security market   Tech Mahindra has formed a strategic partnership with the Silicon Valley-based breach avoidance platform provider, Balbix, to launch the security industry’s first AI-powered continuous threat assessment and prioritized actionable risk intelligence platform. With Balbix,...

Army offers MSMEs "handholding" General Rawat at DefExpo 2018. Chief of the Army Staff, General Bipin Rawat, said the Army would take up solutions provided by Micro, Small and Medium Enterprises (MSMEs) as a follow up to the identification of...

US$44bn refinery-petrochemical complex Nasser signing the MoU.   India's "mega-handshake" with Saudi Aramco for mega-refinery and petrochemical complex came with a joint refinery-petrochemical complex investment. Commentary by Serena Huang, senior analyst, Wood Mackenzie. On 11 April, Saudi Aramco signed a...

Project to stimulate MP economic development The Asian Infrastructure Investment Bank (AIIB) in a Meeting held recently in Beijing has approved US$140 million loan which will benefit approximately 1.5 million rural residents in Madhya Pradesh. The Project, to improve livelihoods,...

Plans for 5 GW offshore capacity by 2022 The National Institute of Wind Energy (NIWE) an autonomous body under Ministry of New and Renewable Energy (MNRE), has called for ‘Expression of Interest’ (EoI) for the first offshore wind energy project...

Govt addresses current OEMs concerns Secretary, Department of Defence Production in the Ministry of Defence, Dr. Ajay Kumar has announced creation of a dedicated defence and aerospace SME fund, registered with SEBI where minority stake could be taken by investors....

Tech transfer with Japanese signed   Ministry of Railways has signed Memorandum of Understanding (MoU) with China, France, Spain, South Korea, Japan, United Kingdom, Russia and Germany for cooperation in the area of High Speed Railways. A Memorandum of Cooperation...