Projects

BP is expected to pay Rs.7,000 crore for a 49% stake in Reliance Industries Limited’s (RIL) petrol-retail business, forming a third joint venture since 2011.

Saudi Aramco is making India’s largest foreign investment of US$15 billion by taking a 20% stake in Reliance Industries Limited’s (RIL) Oil to Chemicals (O2C) division comprising the Refining, Petrochemicals and fuels marketing businesses.

Finance Minister Nirmala Sitharaman has discussed stalled projects and liquidity issues with real estate executives on 12 Aug 2019 in New Delhi, taking in a suggestion of a stressed fund, at least of Rs.10,000 crore, for rescuing incomplete projects.

The Department of Atomic Energy (DAE) has held a two-day exhibition on DAE spin-off technologies for non-power applications at New Moti Bagh recreation club, New Delhi. The exhibition was held 11-12 August 2019.

Indian startups are pursuing key areas in sensors, electronics, and electronic manufacturing sectors, according to a ResearchAndMarkets report.

The Indian residential water purifier market is projected to grow at a CAGR of 13.3% and reach US$818 million by 2024.

The Indian face matching and authentication software market is projected to grow to US$4,336 million by 2024, exhibiting a CAGR of 35.9%. It was US$700.6 million in 2018.

India is looking to gain from the investment-friendly Russian stance in the natural resource-rich region during a Commerce and Industry Minister Piyush Goyal-led delegation visit to Vladivostok.

Singapore’s sovereign wealth fund GIC and India’s IRB Infrastructure Developers Ltd have signed investment agreements for Rs.4,400 crore (approx. US$624.11 million) to set-up India’s largest private infrastructure investment trust (InvIT), reported Nishith Desai Associates on 9 August 2019.

Along with the resale homes market, luxury housing took the hardest hit after demonetization, writes Anuj Puri, Chairman of ANAROCK Property Consultants.