India plans $1 billion investment for hydropower projects in Arunachal Pradesh
New Delhi: India is likely to allocate $1 billion to accelerate the construction of 12 hydropower stations in Arunachal Pradesh, a move likely to heighten tensions with China, which claims the region, Reuters reported.
Growth of eight core sectors slows to 6.3% YoY in May
New Delhi: The pace of growth of India's eight core sectors slowed to 6.3 percent year-on-year in May, slightly down from the 6.7 percent recorded in April, according to government data released on Friday.
S&P revises India's outlook from 'stable' to 'positive', maintains rating at 'BBB-'
Mumbai: Rating agency Standard & Poor's (S&P) on Wednesday updated its outlook for the Indian economy from 'stable' to 'positive', maintaining the overall rating at 'BBB-', the lowest investment grade. The transfer and convertibility assessment continues to be 'BBB+'.
Ambassador Eric Garcetti says US investing $3.8 bn to meet India's renewable energy, infra goals
US Ambassador Eric Garcetti said the United States International Development Finance Corporation is planning to invest $3.8 billion to meet India's renewable energy and infrastructure goals.
ITI Ltd bags LoIs worth Rs 37.5 cr for Solar Street light Systems in Bihar
Bengaluru/Naini: ITI Limited, the country’s first PSU post-independence and premier telecom manufacturing company has received LoIs worth Rs. 37.5 Crores from Bihar Renewable Energy Development Authority (BREDA) for the installation of Solar Street light Systems.
L&T to exit Hyderabad Metro project as Cong govt's free bus ride scheme hits passenger volume
Hyderabad: Infrastructure and engineering firm L&T is mulling offloading its stake in the Hyderabad Metro project after 2026, citing the free bus rides offered by the Congress government, media reports said.
Edelweiss Alternatives backed platform acquires L&T Infrastructure Development Projects Ltd
Mumbai: Edelweiss Alternatives backed platform concludes acquisition of L&T Infrastructure Development Projects Limited (L&TIDPL)
SJVN Ltd signs MoU with IIT Patna to use advanced geological models in tunnelling projects
New Delhi: SJVN Limited has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna) to use advanced geological models in SJVN's tunnelling projects to significantly reducing time and cost overruns.
New Delhi: The Centre has approved Rs 1404.94 crore for the widening and strengthening project of the Rafiabad – Kupwara – Chowkibal – Tangdhar – Chamkot section of National Highway-701 in Jammu and Kashmir, Road Transport & Highways Minister Nitin Gadkari said on Friday.
Govt sanctions Rs 5469 cr for construction, widening, upgrade of highways
New Delhi: The government said on Tuesday that it has sanctioned over Rs 5,469 crore for the construction, upgrade and widening of highways in different states of the country.
Centre to implement over 200 projects in 5 years under Parvatmala Pariyojana: Gadkari
New Delhi: The Central government has planned to implement over 200 projects worth Rs 1.25 lakh crore in the next five years under its National Ropeways Development Programme ‘Parvatmala Pariyojana’, Road Transport and Highways Minister Nitin Gadkari said on Tuesday.
New Delhi: The Centre has sanctioned Rs 343.74 crore for the expansion of the Mangalore-Mudigere-Tumkur section of NH-73 to transform it into a 2-lane road with paved shoulders.
Adani Ports to raise up to Rs 5,000 cr via non-convertible debentures
Mumbai: The board of directors of Adani Ports and Special Economic Zone Limited approved the raising of funds up to Rs 5,000 crores through public issuance of non-convertible debentures of the face value of Rs1,000 each amounting up to Rs 5,000 crore through one or more tranches, the company informed stock exchanges on Wednesday.
Gadkari allocates Rs 1,241 cr for enhancement & expansion of Phulbari-Tura road in Meghalaya
Shillong: Union Minister of Road Transport and Highways Nitin Gadkari on Saturday announced an allocation of Rs. 1,241 crore for the enhancement and expansion of the Phulbari-Tura segment on National Highway 127B in Meghalaya.
DPIIT showcases India's logistics reforms and initiatives in meeting with World Bank Team
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) showcased the various projects and initiatives it is undertaking to improve India’s logistics efficiency to the World Bank Team.