Investment

Finance Ministry approves three other agencies The Finance Ministry has given approval AMP Solar India Pvt Ltd which will invest Rs.500 crore in Indian operating companies. It has also give approval to Aditya Birla Capital Ltd to issue and allotment...

Industry concerned about coking coal prices The Assistant Minister for Trade, Tourism and Investment, Australia, Keith Pitt calling on the Union Minister for Steel, Chaudhary Birender Singh, in New Delhi. The Deputy High Commissioner of Australia to India,  Chris Elstoft and...

Contracts to manage plants for 15 years The Namami Gange programme, or National Mission for Clean Ganga, has awarded contracts to set up to sewage treatment plants, each of 68 million litre a day (MLD) at Haridwar and one 15...

MMRC works on car shed on the rail corridor The central government has approved allocation of 40-acre land to Mumbai Metro Rail Master Plan, which is undertaking phase development of 146.50-km system for improving the overall public transport capacity of...

Move to strengthen banking sector SBI in Mumbai. Public Sector Banks have been given in-principle approval to amalgamate through an Alternative Mechanism (AM), a decision facilitating consolidation among the Nationalized Banks to create strong and competitive banks. The salient features...

DPR readied for 1,500m link to Nepal An Asian Development Bank-funded bridge over Mechi River at Indo-Nepal border will progress further following an approval by the Union Cabinet chaired by Prime Minister Narendra Modi. Estimated to cost Rs.158.65 crore, the...

16-acre site for 2.2M sq ft commercial space. Model of International Tech Park Gurgaon. The prime suburban business district of Pune will get a new Singapore-brand Information Technology (IT) park by 2020 following a land deal announced on 23 August...

Single window clearance system to support investors. Odisha state government has put in place a business-friendly tourism policy, providing lucrative incentives and subsidies to investors. It has also initiated single window clearance system, making the process of acquiring various clearances...

Acquisition helps expand media capabilities. Essel Group ME said its media and production subsidiary, Essel Media Hub, has acquired boo.lab, a leading Spanish production company specialising in audiovisual and experiential media. The acquisition expands Essel Media Hub's media and production...

Inflows could add to rupee appreciation pressure.   India’s foreign reserves touched a record US$393 billion early August, backed by strong foreign portfolio and investments flows while adding pressure to rupee appreciation, according to the Development Bank of Singapore (DBS)....