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EESL, Shell in talks for Rs. 40,000 crore JV.

State-run Energy Efficiency Services Ltd. (EESL) is in talks with oil major Royal Dutch Shell for a joint venture to invest over Rs. 40,000 crore in setting up 5,000 MW decentralised solar plants with storage for... Full Story

Adani Transmission inks pact with KPTL to buy Alipurduar Transmission.

Adani Transmission recently said it has entered an agreement with Kalpataru Power Transmission Ltd. (KPTL) for acquisition of Alipurduar Transmission Ltd. The enterprise value for... Full Story

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RITES renews pact with Coal India for rail infra business.

State-owned RITES recently said it has renewed its pact with Coal India for project management consultancy services of rail infrastructure business, and construction of rapid loading system, coal... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

Final proposal for funding Amrapali projects in 3 weeks, SC told.
The SBI Caps recently informed the Supreme Court that a final proposal for releasing of funds for the unfinished Amrapali projects could be finalised in... Full Story
NLC India Ltd's project in Andaman commissioned.
The Electricity Department, Andaman & Nicobar Administration vide their letter dated 08.07.2020 has confirmed that the 20 MW Solar PV power plant integrated with 8... Full Story
Mastercard commits Rs. 250 crore to support small businesses in India.
Mastercard recently announced a commitment of Rs. 250 crore to help reboot Indian small and medium enterprises (SMEs) and enable business recovery. Their dependence on the cash-economy... Full Story
Flipkart Group invests Rs. 260 crore to pick minority stake in Arvind Fashions arm.
Arvind Fashions (AFL) recently said Flipkart Group has invested Rs. 260 crore to pick a minority stake in its subsidiary Arvind Youth Brands. Arvind Youth Brands is... Full Story
AP CM directs officials to expedite process, 30 lakh beneficiaries to get house by 2024.
As part of the flagship Navaratnalu programme, the government of Andhra Pradesh is going to spend a whopping Rs. 90,000 crore to implement housing for... Full Story
GMR Infrastructure completes strategic partnership with Groupe ADP.
GMR Infrastructure has successfully completed the previously announced strategic partnership with Groupe ADP. This is a significant development given the unprecedented times of COVID-19 pandemic. As... Full Story
UltraTech Cement sells Chinese arm for ₹900 crore.
UltraTech Cement, an Aditya Birla Group company, has decided to sell its entire stake in China unit for $120 million (₹900 crore). UltraTech had inherited the... Full Story
IOC, ONGC, other PSUs implementing Rs. 3.57 lakh crore projects: Petroleum Ministry.
Oil PSUs such as IOC and ONGC are implementing about Rs. 3.57 lakh crore worth of projects across the entire hydrocarbon value chain that will... Full Story