IPO of 4 companies to hit stock markets this month

Last Updated: Tuesday, August 4, 2015, 15:22

To tap strong investor sentiments, four companies including Dilip Buildcon and Navkar Corp plans to hit the capital markets this month, to raise an estimated over Rs 1,800 crore through initial public offers (IPOs).

Cabinet approves Rs 20,000-crore infra investment fund

Last Updated: Wednesday, July 29, 2015, 21:38

The Union Cabinet on Wednesday approved creation of a Rs 20,000-crore National Investment and Infrastructure Fund (NIIF), a sort of sovereign fund, for development of infrastructure projects, including the stalled ones.

RPP Infra bags two contracts worth Rs 728 million

Last Updated: Tuesday, July 28, 2015, 15:42

Infrastructure firm RPP Infra Projects has bagged two contracts from Chennai Corporation worth Rs 728 million (Rs 72.8 crore) for developing storm water drain projects.

Steel Ministry approves 83 R&D projects worth over Rs 696 cr

Last Updated: Sunday, July 26, 2015, 12:16

Besides, thrust is also being given to develop more value added products for which the country is mostly dependent on imports, the official added.

Govt mulls entity to revive sick units using CPSEs' extra cash

Last Updated: Sunday, July 26, 2015, 10:38

The funds may be used for purposes like reviving sick PSUs and investment in infrastructure projects. There are 70 ailing PSUs and the government believes 43 out of these can be revived.

PFC stake sale floor price at Rs 254; disinvestment on Monday

Last Updated: Saturday, July 25, 2015, 14:30

Government is expected to mobilise around Rs 1,676 crore through the divestment.

NITI Aayog suggests national PPP policy

Last Updated: Friday, July 24, 2015, 21:37

NITI Aayog has suggested that a national public-private partnership (PPP) policy be formulated regarding the objective and scope of such projects, Parliament was informed Friday.

Iran eyes $185 billion oil and gas projects after sanctions

Last Updated: Thursday, July 23, 2015, 18:07

Iran on Thursday outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020.

No single govt project where Infosys has not lost money: Narayana Murthy

Last Updated: Monday, July 20, 2015, 21:55

Infosys, country's second largest software services firm, has not made any profit on government projects because of red-tapism and other issues, its co-founder N R Narayana Murthy said Monday.

IATA against outright sale of AAI-developed metro airports

Last Updated: Thursday, July 16, 2015, 20:37

Opposing the privatisation of the already-developed four state-run airports in the country, global airlines body IATA on Thursday said that an all-out sale will ramp up costs and will only benefit the operator.

Adani Power bags 3 transmission projects, Sterlite Grid gets 1

Last Updated: Wednesday, July 15, 2015, 19:43

"Adani Power has been the lowest bidder for three power transmission projects -- Chhattisgarh A, Chhattisgarh B and Sipat. Sterlite Grid is the lowest bidder for Maheshwaram transmission project," a source said.

DLF to raise about Rs 3000 cr via private equity; in talks with GIC

Last Updated: Tuesday, July 14, 2015, 21:40

Realty major DLF is likely to raise about Rs 2,500-3,000 crore by next month via private equity and is in talks with Singapore government's investment arm GIC to sell stake in a new housing project here.