PR Sanjai

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

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 »