Search Results for:PR Sanjai

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

India: NCC, Gayatri Projects sell road asset to Cube Highways for $85m

NCC Ltd, along with Gayatri Projects Ltd and its unit Gayatri Infra Ventures Ltd, has signed an agreement to sell 100% of their shareholding in Western UP Tollway Ltd to Cube Highways and Infrastructure Pte Ltd for Rs.575 crore. NCC holds 51% and Gayatri unit holds 49% stake in Western… Read more »

India: How Ameera Shah took control of Metropolis Healthcare

For Ameera Shah, landing majority ownership of Rs.600 crore Metropolis Healthcare Ltd that her father founded as a tiny clinic in South Mumbai’s Kemps Corner 34 years ago was a chance thing. The seven-country, 130-lab diagnostics chain, which saw the entry and exit of several investors and protracted boardroom tensions,… Read more »

India: R-Com, Reliance Jio ink another spectrum-sharing deal for faster 4G rollout

Reliance Jio Infocomm Ltd (R-Jio), the telecom venture of Mukesh Ambani, has signed agreements with his brother Anil Ambani’s Reliance Communications Ltd (R-Com) to trade and share spectrum. The two companies said they had signed agreements “for change in spectrum allotment in 800 MHz band across 9 circles from RCom… Read more »

India: Mercator to exit dry bulk cargo biz carried out by Singapore unit

Shipping and logistics company Mercator Ltd has decided to exit the dry bulk cargo business carried on by its Singapore unit—Mercator Lines (Singapore) Ltd—by way of divestment as part of its ongoing portfolio-restructuring exercise. Mercator on Monday said the board of directors had approved the decision and a “sole placement… Read more »

R-Com gets stock exchanges’ approval to buy SSTL

Reliance Communications Ltd (R-Com) on Thursday said it has received stock exchange approval to proceed with the acquisition of Sistema Shyam Teleservices Ltd (SSTL), the local unit of Russia’s Sistema JSFC. The Anil Ambani-controlled company, India’s fourth largest mobile-phone services provider, said in a statement to stock exchanges that the… Read more »

India: Piramal unit sells healthcare product to British MNC

Piramal Enterprises Ltd on Wednesday said its Canadian subsidiary has sold a cartilage repair product to British multinational medical equipment maker Smith and Nephew Plc for an undisclosed amount. BST-CarGel, made by Piramal Healthcare (Canada) Ltd, is a first-line cartilage repair product used along with microfracture and other bone marrow… Read more »

Hinduja Group close to buying distressed Indian infra assets; taps Africa for new projects

The Hinduja Group says it is close to buying distressed assets in power and road even as it focuses on Africa for new business opportunities. In an interview, group co-chairman Gopichand P. Hinduja said the group has hired investment bankers to find out operational and under construction infrastructure projects in… Read more »

India: Anil Ambani led Reliance Infrastructure in advanced talks to divest cement biz

Anil Ambani-led Reliance Infrastructure Ltd on Monday said it is in an advanced stage of discussions with potential buyers to sell its cement business in a bid to pare its overall debt. The company has informed the stock exchanges that it will make “appropriate disclosures as and when a final… Read more »