Investment

Deal seen as India’s major asset M&A Singapore’s Cube Highways & Infrastructure Pte. Ltd. has entered into an agreement to acquire 100 percent of Salem Tollways Limited (STL) and Kumarapalayam Tollways Limited (KTL), making it a major merger and acquisition...

The cell to seek public and private investors The National Highways Authority of India (NHAI) has created a National Highways Investment Promotion Cell (NHIPC) for attracting domestic and foreign investment for highways projects. The cell will focus on engaging with...

Germany extends support for NEEPCO project   A Loan agreement and a Guarantee agreement for providing additional funding of Euro20 million was signed for the project ‘Pare Hydroelectric Plant’ under Indo-German Bilateral Development Cooperation. Germany had signed a loan agreement...

Signalling system will help ease traffic congestion A Japanese Grant Aid was signed for JPY1.276 billion (approx. Rs.72.86 crore) for the Implementation of Advanced Traffic Information and Management System in Core Bengaluru project. The project will install an Advanced Traffic...

Funding for market-driven vocational training India has signed a financing agreement with the World Bank for IDA Credit of USD 125 million (equivalent) for the “Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) Project”. The Financing Agreement was signed by...

Minister calls on industry to identify markets   A strategy to boost the share of services in the export basket of the country is being formulated, said Commerce and Industry Suresh Prabhu at the Services Conclave: “Serve India and the...

African operations to contribute to profit, says Mittal Indian telecom group, Bharti Airtel, is to acquire Tigo Rwanda Ltd under an agreement with owner Millicom International Cellular S.A. Bharti has a definitive agreement with Millicom under which Airtel Rwanda Limited...

Further investment promotion reforms required   India can achieve an 8% economic growth rate for the next two decades if it unleashes the next set of reforms that could help it in realising its full potential, said a UN official....

Overall manufacturers less optimistic Auto, Capital Goods, Metal and Metal Products are expecting higher growth for the current third quarter, compared to Q2, according to a survey by the Federation of Indian Chambers of Commerce and Industry (FICCI). Chemicals and...

36 declared technical feasible A total of 111 waterways have been declared as National Waterways (NWs) with 111 NWs, NWs-1, 2 and 3 having cargo and passenger vessels are moving on them. Development works under Phase-I have commenced on NW-4...