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Adani Ports actively chasing ‘string of pearls’ port acqusition strategy in India, overseas

The company is looking to expand its presence in Maharashtra and West Bengal in India and is scouting for opportunities in Sri Lanka, Bangladesh, the US, Europe, and Australia.

India: Reliance Jio launch in second half of 2016, says Mukesh Ambani

Mukesh Ambani, owner of the world’s largest crude oil refining complex, on Sunday said global oil prices are likely remain low for at least three-to-five years, benefiting net importers such as India. Ambani, the chairman of Reliance Industries Ltd (RIL), also said the energy-to-telecom conglomerate will launch its fourth-generation (4G)… Read more »

Private sector can pick up to 25% share of defence production, says Indian govt

An official says government has identified 25 projects that it plans to throw open to the industry

India plans startup hub, tech development fund for capital goods sector

The startup centre will provide an array of technical, business and financial resources and services to promising startups in the manufacturing and services space.

India: Vedanta’s Anil Agarwal to invest $10b to build country’s first LCD plant

Twinstar Display Technologies will invest $10 billion over five phases in setting up the plant

Dubai’s container port DP World eyes opportunities in Indian ports, to invest $1b

Dubai based firm identifying opportunities to invest in container terminals, among other projects, across India, say company officials

SBI Cap initiates steps to sell Kingfisher House, the HQ of grounded airline, in Mumbai

SBI Cap on Friday published a public notice for sale of Kingfisher House near Mumbai’s domestic airport through e-auction under the Sarfaesi 2002 to recover dues.

Mercator is selling its Singapore cargo business for $3. You read that right.

The company has entered into an agreement for the sale of all 900 million shares of Mercator Lines Singapore to Singapore’s Bellerophon Holdings Pte Ltd, MIB Investments Pvt. Ltd, and Wroclaw Holdings Ltd for three Singapore dollars.

Adani group’s Australian mining troubles are far from over

Adani Mining aims to dig 60 million tonnes of coal a year from the Carmichael mine. The group’s claims that the mine project will create 10,000 jobs and generate $22 billion in taxes and royalties have not satisfied environmentalists.

Philippines Supreme Court upholds award of Cebu airport project to India’s GMR

The order also provides a boost to the GMR-Megawide consortium which is in the race to bid for five regional airports in Philippines