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Brookfield buys nine projects from Gammon Infra for Rs 6,750 crore Brookfield buys nine projects from Gammon Infra for Rs 6,750 crore Gammon Infrastructure has sold stake in 9 projects valued at Rs 6,750 crore to Brookfield and Core Infra India Fund, a deal that will fetch Rs 563 crore as well as reduce its debt by Rs 1,718 crore.
IDFC to raise up to Rs 80,000 crore to expand business IDFC to raise up to Rs 80,000 crore to expand business Infra-sector lender IDFC Ltd on Friday said its board has approved raising of up to Rs 80,000 crore by issuing non-convertible securities on private placement basis to expand business.
Reliance Group to set up Rs 6,500 cr aerospace project in MP Reliance Group to set up Rs 6,500 cr aerospace project in MP Anil Ambani-led Reliance Group plans to set up a greenfield aerospace project with capital investment of over Rs 6,500 crore in 289 acres of land in Mihan SEZ here.
Novartis India gets FIPB nod to sell OTC biz to GSK CPL Novartis India gets FIPB nod to sell OTC biz to GSK CPL The Foreign Investment Promotion Board (FIPB) has approved the proposal made by GSK CPL to acquire the company's OTC division, Novartis India said in a BSE filing.
RBI allows foreign investors to buy up to 40% stake in GCPL RBI allows foreign investors to buy up to 40% stake in GCPL The Reserve Bank on Friday said foreign investors can buy up to 40 percent of the paid-up capital in Godrej Consumer Products Ltd (GCPL) under the portfolio investment scheme (PIS).
Sun Pharma US arm faces class action suit from ex-employees Sun Pharma US arm faces class action suit from ex-employees Sun Pharmaceutical Industries on Friday said a class action lawsuit has been filed against its US arm by some former employees following the shut down of a manufacturing unit at Detroit in Michigan.
Abolish international flying norms for domestic airlines:CAPA Abolish international flying norms for domestic airlines:CAPA At present, an Indian carriers is allowed to fly overseas only when it has completed five years of domestic operations and have a minimum of 20 aircraft fleet.
DGCA tells Spicejet to charge Rs 400 for 'zero-bag' violations DGCA tells Spicejet to charge Rs 400 for 'zero-bag' violations In June this year, the budget carrier had rolled out a scheme, offering a discount of Rs 200 to every passenger who books a flight with only one handbag and no check-in baggage.
IDBI Bank to raise $7.5 bn via debt IDBI Bank to raise $7.5 bn via debt IDBI Bank on Friday said its Board has approved raising of foreign currency debt up to USD 7.5 billion (about Rs 49,000 crore).
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