Investment

SPV formed for managing station and hotel. Gandhinagar station. The Indian Railway Stations Development Corporation Ltd (IRSDC) and the state Government of Gujarat (GoG) has formed a special purpose vehicle for the re-development of Gandhinagar station. The IRSDC has taken...

Highlights of financing issues. Thirty-one national highways projects have reached financial closure over the last three years amidst challenging financing environment, said Minister of State for Road Transportation and Highways Pon. Radhakrishnan in a written reply to a question in...

DMIC receives Rs.499.86 crore funding. DMIC: work in progress. Commerce and Industry Minister Nirmala Sitharaman has given an update on the industrial corridors being built in the country, with funding status to date. The Delhi Mumbai Industrial Corridor (DMIC) is...

Tax exemption for import of raw materials. Though the 2011 imposition of Minimum Alternative Tax (MAT) had slowed down growth of special economic zones (SEZs), the implementation of Goods and Service Tax (GST) provides good investment opportunities in Indian SEZs,...

SBI expands to project and facility management.   State Bank of India (SBI) has formed a wholly owned subsidiary “SBI Infra Management Solutions Pvt. Ltd.” for providing real estate services to them. The role of the subsidiary is envisaged as...

New regulations to ensure a level playing field. Enigma project. The Tamil Nadu residential real estate sector is all set to experience a tide of changes following the introduction of the regulation and development rules, Colliers International Group Inc said...

Funds will be for NWs development and maintenance. The Inland Waterways Authority of India (IWAI) permission has been revalidated to raise Rs.660 crore through Government of India Bonds for development and maintenance of National Waterways (NWs) in 2017-18. Funds received...

Shipyard works on new repair facility-dry dock. The Cochin Shipyard Limited (CSL) has proposed initial public offer (IPO) for two major infrastructure expansion projects, investing Rs.970 crore and Rs.1,799 crore. It has embarked on an International Ship Repair Facility at...

Radiant to expand healthcare services. Global investment firm KKR is to invest approximately US$200 million to acquire a 49% stake in Radiant Life Care which is to expand its footprint across India. Working together, KKR, Radiant’s management team and the...

89% leased commercial hub in the city. Influx of new companies, increased net absorption, improved average transaction size, healthy demand pipeline, etc. are indicative of the positive outlook and preference for Hyderabad commercial leasing market, said Hari Prakash, Senior General...