The government is looking to give Bharat Global Ports a certain amount of domestic exposure after it set up the state-owned consortium to increase India's global maritime heft, officials aware of the development said. The intended domestic exposure is meant to give the consortium experience and build its credentials for international projects.
'Along with Blackstone, we would be keen to look at opportunities in the North.'
The upstream oil and gas (O&G) sector has delivered a stellar performance in the stock market in the recent past. The O&G sector is dominated by PSUs and despite the imposition of a windfall tax, profitability has been impressive. Oil India Limited (OIL) is particularly favoured by investors.
Power Grid Corporation (PGCIL) intends to ramp up its capex substantially through the next two financial years. The Public Sector Undertaking (PSU) utility posted flat consolidated revenues of Rs 10,700 crore in the third quarter of the current financial year (Q3FY24) and reported 7 per cent year on year (Y-o-Y) growth in net profit to Rs 4,000 crore. The Q3FY24 capex stood at Rs 3,440 crore and capitalisation at Rs 1,780 crore, taking the 9MFY24 total to Rs 8,700 crore capex and Rs 5,800 crore capitalisation, respectively.
French energy giant TotalEnergies SE's $300 million investment in clean energy projects of Adani Green Energy Ltd has taken the total investments poured in by global investors in India's largest renewable power producer to $1.63 billion or about Rs 14,000 crore, sources close to the company said. Last week, Total announced it will hold a 50 per cent stake in the new joint venture firm where Adani Green Energy Ltd (AGEL) will hold the rest. The joint venture will hold a portfolio of 1,050 MW, including 300 MW of already operational capacity, 500 MW under construction and 250 MW under-development assets with a blend of solar and wind power.
Billionaire Gautam Adani's embattled conglomerate said its balance sheet is "very healthy" and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in the conglomerate despite a share rout triggered by a damning report by a US short-seller. Group CFO Jugeshinder (Robbie) Singh in an earnings call said the group is confident of its internal controls, compliance and corporate governance. Separately, it released a compendium of group companies to highlight that it has adequate cash reserves and has ability to refinance debt.
Morbi-based clock and e-bike maker Oreva group was given a contract by the Morbi municipality to repair and operate the ill-fated hanging bridge for 15 years and charge tickets in the range of Rs 10 to Rs 15 for its use, as per documents of the municipality accessed on Monday.
Investors should await consistent growth metrics before looking at an investment in the company.
The latest ad, done by O&M again, Vodafone's ad agency, shows two engineers tinkering away in a dimly-lit highway tunnel.
Cabinet to take up proposal to extend operation & maintenance contracts from 9 to 29 years
In the next 25 years, the Mumbai port will need five terminals because the current passenger traffic of 200,000 is expected to climb to 4 million.
'Large-caps are better placed to withstand the impact of higher input cost inflation, rising rates and withdrawal of excess global liquidity.'
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced the buyout of British battery maker Faradion Ltd for an enterprise value of 100 million, as the oil-to-retail conglomerate continued with the acquisition of end-to-end technology for its multi-billion-dollar clean energy portfolio. Reliance New Energy Solar Ltd (RNESL), a unit of the nation's most valuable company, signed definitive agreements to acquire 100 per cent shareholding in Faradion for an enterprise value of 100 million and will invest an additional 25 million as growth capital to accelerate the commercial roll-out, the company said in a statement. Based out of Sheffield and Oxford in the UK and with its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies.
The labour force at large has turned less needy, due to various government financial incentives and freebies.
While the other owners of Indian Premier League teams are gearing up to pick up players in an auction some time this month, Emerging Media and Lachlan Murdoch, the combine which has bagged the Jaipur team, has firmed up its marketing and promotion plans.
Piyush Pandey was elected the vice chairman of Ogilvy & Mather Asia Pacific by the agency's regional board on Friday.
An astute advertising professional, he took Ogilvy & Mather India to the number one position after coming on board as managing director in 1994
The ones chosen for operation, management and development through a public-private partnership model are Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
The focus on Swachh Bharat has sharpened with Prime Minister Modi asking ministers to show the outcomes of schemes launched since the NDA government came to power
It is likely the airports - Chennai, Kolkata, Kochi, Pune, Ahmedabad, Jaipur, Lucknow and Guwahati - will be bid out for 30 years and the tariffs will be fixed upfront.
'There will always be hiccups given that the Namami Gange programme is spread over different sectors and involves several agencies.'
The journey of Abhijit Avasthi, the former national creative director of Ogilvy & Mather, is as amazing as it is unbelievable. Read on!
The timing of premium ice cream maker, London Dairy ice creams' first ever media campaign in India is perfect.
The agency has done five advertisements so far.
Simanta Sharma, MD and CEO of bolohealth.com, shares his success mantras.
Set in a stunning location, the old hunting lodge at Shivpuri's Madhav National Park offers breathtaking views of the sunset and rise over the lake.
This uncaring attitude is primarily based on the fact that road concessionaires still do not see themselves as "service deliverers", says Vinayak Chatterjee.
WPP also plans to introduce 24/7 Real Media, a digital marketing firm, in India and the rest of Asia.
Apart from lower rents, there's a host of other reasons companies offer for basing themselves in Gurgaon. With metro connectivity due to begin shortly and the opening of the NH-8 expressway, connectivity has already improved. A drive from Connaught Place to Cybercity now takes about 45-50 minutes from the earlier one-and-a-half hours.
When O&M India's executive chairman Ranjan Kapoor appointed creative hot shot Piyush Pandey as his successor in 2004, he wasn't aware that he may be pioneering a trend in advertising where agencies put their creative heads at the helm of their businesses.
Advertising has a definite advantage in terms of longer shelf life
Sweeping 11 awards across eight categories including Ad Agency of the Year at the 2006 Effie awards, Lowe Lintas emerged the most decorated winner.
Piyush Pandey retiring? I'm not going anywhere, says O&M's South Asia executive chairman.
