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Bullish DBS

Bullish DBS Piyush Gupta: 70 branches if India approves a license for subsidiary. The Development Bank of Singapore (DBS) is bullish on India and plans to open 70 branches if it gets license to set up a subsidiary in the country. If given license, DBS

UTI FUND

Road contracts

Road contracts The Ministry of Road Transport & Highways is likely to award a 24-km road project, worth Rs. 42 Crore,  in the next three months as part of its investment of approximately Rs. 4,000 Crore in in Tripura. through the state PWD and the

Multi-pronged approach for tourism

Multi-pronged approach for tourism An industry paper has suggested the government take a multi-pronged agenda to make India the world’s most preferred travel destination. The Knowledge paper on “Investment in Tourism Infrastructure Unleashing the Growth Potential” has suggested an agenda to package and market newer

Metro’s property development

Tender: Metro’s property development Delhi Metro at Dwarka. Property Development at Dwarka Sec-21 MRTS Station of Line-3 and Airport Xpress Line CPD-37 / 2016_DMRC_108110_1 Bid submission 5 Sept 2016; tender opening 6 Sept 2016. Contact: Delhi Metro Rail Corporation Limited. Share this post.

Green railways

Green Railways   Officials singning MoU for IR’s Green Initiatives. The Ministry of Railways and Confederation of Indian Industry (CII) have signed a Memorandum of Understanding (MoU) to evaluate the Green Initiatives and rate the performance of Industrial Units of Indian Railways (IR) which are

OT-Axis partnership

OT-Axis partnership OT (Oberthur Technologies), a leading global provider of embedded security software products and services, has formed partnership with Axis Bank, India’s third largest private bank to offer the first open loop EMV contactless smart cards to be used in public transportation in Bengaluru, the

Tourism projects

Tourism projects Kamakhya Temple: part of the Tourism Ministry projects. The Tourism Ministry, in last 18 months, has sanctioned projects worth Rs. 2333 Crore under Swadesh Darshan and PRASAD, the flagship schemes covering heritage sites. These projects envisage world class infrastructural development of the sites

Cochin projects

Cochin projects Cochin Shipyard Limited (CSL) is proceeding with two major expansion projects at a total cost of Rs.2800 Crores. It is setting up an International Ship Repair Facility based on a 6,000-ton shiplift and allied transfer facilities in approx 42 acres of land leased

Foreigners’ limit raised

Foreigners’ limit raised The Union Cabinet has approved the raising foreign shareholding limit from 5% to 15% in Indian Stock Exchanges for a stock exchange, a depository, a banking company, an insurance company, a commodity derivative exchange. Share this post.

DPSU jv made easier

DPSU jv made easier   Source: Garden Reach Shipbuilders. The Union Cabinet has made it easier for setting up joint ventures by the Defense Public Sector Units (DPSUs) by abolition older guidelines. It has abolished “Guidelines for establishing Joint Venture Companies by Defence Public Sector