Mumbai/IBNS: Tata Sons is all set to buy AirAsia Berhad’s majority stake in AirAsia India as all eyes are set on the second phase of Air India deal, which reportedly the Tatas are most likely to win. The Malaysian budget airline will sell 32.67% of its stake in Indian operations for $37.7 million, after which Tata Sons will hold 83.67% ...

Existing service provider 63 moons term ends in September 2022 Multi Commodity Exchange (MCX) has sought application from software companies to provide new trading and clearing software as the contract with the existing 63 moons (formerly Financial Technologies) comes to an end in September 2022. In the Request for Proposal issued on Saturday, MCX said bidders should provide an earnest ...

NEW DELHI/MUMBAI – After its first bond sale in six years failed to garner the desired amount of funds, state-owned telecom major Mahanagar Telephone Nigam Ltd is likely to try its luck again by the end of the month, according to sources privy to the matter. MTNL had invited bids for 10-year government-guaranteed bonds worth 65 bln rupees today, but was able to raise only 43.16 bln rupees at a semi-annual coupon of 7.05%. It ...

Priyanka Chaturvedi urges Rajnath Singh to rethink corporatisation of 219-year-old Defence Ordnance Factory Mumbai (Maharashtra) [India]: Rajya Sabha MP and Shiv Sena leader Priyanka Chaturvedi wrote a letter to Union Defence Minister Rajnath Singh and urged him to rethink the corporatization of the 219-year-old Defence Ordnance Factory which has 82000 employees.She also added that there has also been an “unfortunate attempt to ...

The project implementing agency National High-Speed Rail Corporation (NHSRCL) has been entrusted by the railways to prepare Detailed Project Reports (DPR) for seven new high-speed rail corridors. The national transporter has also begun feasibility studies on seven other potential high-speed corridors to gauge their financial viability and estimated traffic they will attract. The Indian Railways is exploring whether the corridors ...

New designed Terminal 2 at Mumbai International Airport GVK, which has pledged 63% of its ownership in MIAL, is due to repay the debt MUMBAI : GVK Airport Holdings Ltd, the majority owner of Mumbai International Airport Ltd (MIAL), has approached lenders to urgently raise cash to ward off a potential takeover of the prized asset, two people directly aware of ...

Railways has set the plan to redevelop Mumbai’s iconic Chhatrapati Shivaji Maharaj Terminus (CSTM) on public private partnership (PPP) basis rolling with the IRSDC inviting Request for Qualification (RFQ) following the in principle approval of the Public Private Partnership Appraisal Committee (PPPAC). Along with CSTM, New Delhi railway station, another major railway terminus with some of the largest footfalls, is ...

Iconic station to have state-of-the-art toilets, disable-friendly access, escalators, cafes, restaurants, souvenir shops and facilities similar to the ones at airports The iconic Chhatrapati Shivaji Maharaj Terminus (CSMT) is set for a grand world-class makeover. The Indian Railway Station Development Corporation (IRSDC) plans to upgrade the station into a sleek modern terminus with all the new bells and whistles on ...

Following the criticism that IPL’s new title sponsor Dream11 is associated with Chinese investors, the fantasy league sports platform has clarified that it is a ‘completely homegrown Indian brand Following the criticism that Indian Premier League’s new title sponsor Dream11 is associated with Chinese investors, the fantasy league sports platform has clarified that it is a ‘completely homegrown Indian brand’. ...

The redevelopment cost of the station (mandatory cost) including the cost of financing and contingency is Rs 1642 crore. Here are the key salient features of Shivaji Maharaj Terminus (Mumbai) development project: Request for Qualification (RFQ) for the redevelopment of Chhatrapati Shivaji Maharaj Terminus (CST) in Mumbai on PPP has been invited by IRSDC, the Ministry of Railways said on ...

Post the cut, EMIs on the loans linked to MCLR will come down giving relief to the borrowers. With the reduction in rates, ICICI Bank’s one year MCLR is 7.45 per cent, and six month MCLR is 7.40 per cent. MUMBAI: ICICI Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across tenors with effect from ...

MUMBAI (Metro Rail News): The metropolitan city has initiated its first step towards contactless travel. As per media reports, The Mumbai Metropolitan Region Development Authority (MMRDA) has invited bids for getting a mobile technology partner on its board for development, operation and maintenance of a common mobility application under its integrated ticketing services (ITS) project. Responding to the problems created by the pandemic, the ...

The three packages under Sohna-Mumbai expressway includes a 58-km stretch that passes through Delhi with an aim to decongest Delhi in the coming years. The National Highways Authority of India (NHAI) on Monday invited applications from private players as part of the bidding process for three packages for the Delhi-Mumbai expressway project. The bids have already been invited for two ...

Given the present circumstances that make it impossible to do an on-ground survey, it is unlikely IRS will return for another year or two. Circulation of newspapers remains less than 75% of pre-Covid level The board of Media Research Users Council (MRUC India) has decided to refund the payments to their subscribers collected for IRS 2020. The council has informed ...

About 50% of the debt is expected to be resolved by March 2021, the indebted infrastructure lender’s board said in a progress report, with 18% already addressed as of June end, the IL&FS said Till June 30, 2020, IL&FS has addressed debt of ₹17,640 crore from a combination of completed asset sales, debt repayment to green entities MUMBAI/BENGALURU : Infrastructure Leasing & ...

Rupee had settled at 74.93 against the US dollar on Tuesday. The rupee opened on a positive note at 74.88 at the interbank forex market, but soon lost ground and touched 74.98 against US dollar, down 5 paise over its last close. Mumbai: The rupee depreciated 5 paise to 74.98 against the US dollar in opening trade on Wednesday tracking weak domestic ...

Each train will have a minimum of 16 coaches, and will run at a maximum speed of 160 kmph. The Indian Railways on July 6 laid out the contours of the public-private partnership (PPP) for operating passenger trains in Mumbai. The private entities for undertaking the project would be selected through a two-stage competitive bidding process comprising Request for Qualification ...

Indian Railways said that each new train shall have a minimum of 16 coaches.. This will be the first initiative of private investment for running passenger trains over Indian Railways network, the railway ministry saidIndian Railways will choose private entities through a two-stage competitive bidding process — Request for Qualification (RFQ) and Request for Proposal (RFP) Indian Railways today said it ...