Projects

S&P Global Ratings expects GMR Hyderabad International Airport Ltd’s (GHIAL) healthy cash reserves and good operating performance to provide sufficient buffer amid regulatory uncertainties over the next two to three years.

Tokyo’s NTT DATA has named Pune-based FlytBase the Open Innovation Contest 9.0 champion for developing the world’s first Internet of Drones (IoD) platform for easily deploying intelligent drones connected with cloud-based business applications.

HCL Technologies has signed a managed services agreement with Xerox (NYSE: XRX) to manage the latter’s portions of shared services globally, resulting in greater operational efficiency, automation and enhanced service levels.

The adoption of drone across agriculture industry is growing with greater percentage in developing countries such as India, China, Saudi Arabia and South Africa, according to a report by ResearchAndMarkets.

Indian companies were welcomed to participate in the Indonesian infrastructure projects, particularly in the Aceh province, a connectivity of which is being developed with Indian islands.

Singapore’s Cube Highways and Infrastructure III Pte Ltd has entered into an agreement with Reliance Infrastructure Limited to acquire a 100% stake of DA Toll Road Private Limited (DATRPL), a toll road in the state of Haryana/Uttar Pradesh.

Over 500 projects are being discussed between Indian and African entities and India could extend its expertise to build strong logistics linkages in Africa, said Anup Wadhawan, Secretary, Ministry of Commerce & Industry.

The new GST-related announcement has given real estate developers the choice to either opt for the old rates and the accompanying input tax credit (ITC) benefits, or else to adhere to the new reduced GST rate of 5% without ITC.

Not all British companies have found it “entirely easy to operate in India” which is among the reasons for a still inconclusive Free Trade Agreement between the two countries, the UK government has admitted on 19 Mar 2019.

Indian Register of Shipping (IRClass) has secured a five-year contract from India’s largest shipping company, The Shipping Corporation of India (SCI), to undertake Emergency Response Service (ERS) for 33 vessels.