Investment

EESL seeks technologies Needs to improve energy efficiency of street lightings such as those along Marine Drive in Mumbai. Energy Efficiency Services Limited (EESL) will procure latest technologies for projects to improve energy use efficiency in bulk water supply, public...

Punjab's food parks The Ministry of Food Processing Industries has approved three Mega Food Parks in Punjab. The First Mega Food Park located at Fazilka has already become operational. The foundation stone was laid for the second, Ludhiana Food Park...

Masala Bonds momentum An estimated top 100 Indian corporations will raise project financings through Masala bonds in the coming years with power group, NPTC Ltd, starting a road show for US$500-$700 million from November.   SGX aims to be home...

Synergy expands India's Synergy Group is expanding its global footprint by adding 30-40 ships over the next two years to its 130-ship fleet and opening of new offices in China, Japan and Europe, reported Press Trust of India. "Our plans...

Eros stake raised Two of the existing top 10 institutional shareholders of Eros International Plc have increased their holdings in the Indian film entertainment company. Eros said it raised approximately US$30 million through a private placement, the proceeds of which will be primarily...

Next SGB tranche mid-October The next Tranche of Sovereign Gold Bond (SGB) Scheme is expected around the third week of October, 2016, following on the success of Fifth Tranche SGB which is expected to raise Rs. 820 Crore from 2.36...

Infra key to growth Jaitley addressing the BRICS Seminar on September 22, 2016. The Union Finance Minister Arun Jaitley said that infrastructure is key to growth of economy and called for an institutionalized forum amongst BRICS countries that could serve as...

Green Masala Bonds Energy Efficiency Services Limited (EESL) plans to introduce US$100 million worth of Green Masala Bonds in November, following on the issue of Rs.500 Crore domestic bonds issued to fund its projects. EESL said the access to Indian bond markets...

Airport's Masala Bonds S&P Global Ratings has assigned its 'BB' long-term issue rating to proposed rupee-denominated offshore bonds, commonly known as "Masala" bonds, and U.S. dollar bonds by Delhi International Airport Pte. Ltd. (DIAL). The company will use the proceeds from...

MSME update India’s Micro, Small and Medium Enterprises (MSMEs) must update the details of their enterprises on the MSME data bank, a government official has said. Making this call on September 19, 2016, Secretary, Ministry of Micro, Small and Medium...