NHAI gets Cabinet nod to set up Infrastructure Investment Trust
Under InvIT, highway projects will be bundled to form a special purpose vehicle (SPV) to be offered to investors. The SPV would then be traded on the stock exchanges, and returns will be linked to the InvIT’s performance in the capital market. InvIT as an instrument provides greater flexibility to investors and is expected to create specialized O&M.
Share market update: Telecom shares slip; RCom falls 4%
The S&P BSE Telecom index was trading 0.14 per cent down at 1092.68.
Govt okays Rs 5,300 cr fund infusion into IIFCL in FY20
Another Rs 10,000 crore will be infused in 2020-21.
Bharatmala project: Here’s how one of Union government’s key infrastructure program has progressed
The total length of roads approved in the phase I roll out of the project is around 34,000 km which is approximated to be completed with an expenditure of Rs 5,35,000 crore.
Sebi says can't act on charges against MII as complainant unreachable
Sebi said it cannot take any action on complaints where the markets regulator is unable to reach back to the complainant or where the contents are not substantiated or verifiable.
Share market update: NIACL, TCI Finance among top gainers on BSE
Among the 50 components in the Nifty index, 21 shares were trading in the green, while 29 were in the red.
Digital India, Smart City initiatives drive business for Nutanix
Globally, the company has moved towards a subscription-based model, and in the recently reported quarterly results said it had deferred revenue of close to $1 million.
Trai seeks industry's views on unbundled licensing regime in telecom
The move came after the Telecom Department sought the regulator''s recommendation on the issue.
373 infra projects show cost overruns of Rs 3.89 lakh crore
As many as 373 infrastructure projects, each worth Rs 150 crore or more, are hit by cost overruns of more than Rs 3.89 lakh crore owing to delays and other reasons, according to a report.
Share market update: Infra stocks gain; Adani Ports up over 2%
The Nifty Infrastructure index was trading 0.42 per cent up at 3252.
Edelweiss maintains buy on GMR Infrastructure, target price Rs 25
The GMR stock may come under pressure in the short term having lost out on the bid for Jewar Airport.
Nitin Gadkari rues hurdles being faced in road projects across country
Gadkari also asked all MPs to remain aware about road projects in their respective constituencies and help in resolving problems coming on the way of constructing roads and bridges.
Government plans to invest $1.39 trillion in infrastructure to spur economy
India's economic growth slowed to 4.5% in the July-September quarter - its weakest pace since 2013.
Panasonic India revenue dips 10% in FY19; company to enter IT infrastructure management
As per Panasonic India’s latest regulatory filings with the Registrar of Companies (RoC) accessed through business intelligence platform Veratech Intelligence, revenue from operation dropped 10.6% year on year in 2018-19 at Rs 4,758.62 crore, while its net loss more than tripled at Rs 459.58 crore against Rs 131.88 crore in FY18.
India, Japan favour strong action against terror infrastructure and terror financing
The Ministers condemned in the strongest terms the growing threat of terrorism and acknowledged that it constituted a major threat to peace and security in the region. The Ministers called upon all countries take resolute action in rooting out terrorist safe havens and infrastructure.
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