Investment

Power loan #Rural Electrification Corp (REC) is giving a Rs.6,890 crore financial assistance to power generation and transmission utilities in Tamil Nadu. It signed a loan agreement on 28 January 2017 in #Chennai with #Tangedco and #Tantranscop for a 800-megawatt...

Tolled LNG for East Godavari AG&P will design and build all the required facilities for the LNG import terminal including a floating storage and mooring system, regasification terminal, related utilities for the provision of tolled gas to power plants and...

North East rail projects Twenty major railway projects specifically for the North East region, costing approximately Rs.52,000 crore, have been taken up by the Government to strengthen the infrastructure and investment opportunities in the North East Region. Highlighting these projects,...

ONGC investment State-owned #Oil and Natural Gas Corp (ONGC) has signed a Memorandum of Understanding with #Andhra Pradesh state government to invest US$5.07 billion in developing offshore oil and gas finds by 2019-20. It will develop 10 oil and gas...

Andhra Pradesh's MoUs CM Naidu. Andhra Pradesh has attracted Rs.10.54 lakh crore investments and signed 665 Memorandum of Understandings (MoUs), announced #Chief Minister N. Chandrababu Naidu at the 23rd #CII Partnership Summit at Visakhapatnam on 28 Jan 2017. The MoUs...

ADNOC commits #Abu Dhabi National Oil Company (ADNOC) has highlighted its strategic partnerships and economic relationships with the Indian market, backed by investments. “India sits very high on our strategic partnerships and strategic economic relationships agenda and we would do...

Wipro reaches out to Brazil Wipro Ltd. (NYSE:WIT, BSE: 507685, NSE: WIPRO) has signed an agreement to acquire Brazil’s InfoSERVER S.A. for US$8.7 million. The agreement was signed on January 25, 2017. Two-decade old InfoSERVER, which counts some of the...

PSA-Birla JV France’s #PSA Group (Bourse: UG) has signed a Joint-Venture Agreements #CK Birla Group to Produce and Sell Vehicles and Components in India by 2020. The agreements, to “Be Indian in India”, will make an initial investment close to...

NHAI raises Rs.8,500cr The #National Highway Authority of India (NHAI) has raised Rs.8,500 crore for road expansion and bypass projects. The funds are raised from #Life Insurance Corp of India (LIC) for 30 years at an interest rate of 7.22 per...

French car plan #Peugeot and #Citreon manufacturer #PSA Group has signed a joint venture agreement with #CK Birla Group in a move to re-enter the Indian market, reported French publication #Les Echos. PSA left India in late 1990s, ending its...