ADNOC commits #Abu Dhabi National Oil Company (ADNOC) has highlighted its strategic partnerships and economic relationships with the Indian market, backed by investments. Share this post.
Wipro reaches out to Brazil Wipro Ltd. (NYSE:WIT, BSE: 507685, NSE: WIPRO) has signed an agreement to acquire Brazil’s InfoSERVER S.A. for US$8.7 million. The agreement was signed on January 25, 2017. Share this post.
PSA-Birla JV France’s #PSA Group (Bourse: UG) has signed a Joint-Venture Agreements #CK Birla Group to Produce and Sell Vehicles and Components in India by 2020. Share this post.
NHAI raises Rs.8,500cr The #National Highway Authority of India (NHAI) has raised Rs.8,500 crore for road expansion and bypass projects. The funds are raised from #Life Insurance Corp of India (LIC) for 30 years at an interest rate of 7.22 per cent per annum. Share this
Powered MoU #Power Grid Corporation of India Ltd (POWERGRID) has signed a memorandum of understanding with #Abu Dhabi Water & Electricity Authority (ADWEA) to work in areas such as smart grid. Share this post.
Short-term borrowing The Cabinet has approved short-term market borrowing by #NABARD for on lending to Cooperative Banks. The post-facto approval for the following decisions: Share this post.
French car plan #Peugeot and #Citreon manufacturer #PSA Group has signed a joint venture agreement with #CK Birla Group in a move to re-enter the Indian market, reported French publication #Les Echos. Share this post.
Patna airport expansion The government has made 11.35 acre of site for a three million per annum capacity terminal at Jai #Prakash Narayan International Airport in Patna. Share this post.
Tata leads Durg Bypass #Tata Realty and Infrastructure Ltd (TRIL) has taken majority stake in the Chattisgarh-based Durg Bypass road project for Rs.800-850 crore, a first of its kind deals for attracting foreign funds. Share this post.
RIL to raise US$2.25bn Indian conglomerate #Reliance Industries Ltd (RIL) is in talks to raise US$2.25 billion from offshore markets to replace existing high-cost borrowings as well as build a war chest for telecom business expansion. Share this post.