Global investment firm KKR will invest Rs 2,069.50 crore in Reliance Retail Ventures Ltd for a 0.25 per cent additional stake of the retailer at a valuation of about Rs 8.36 lakh crore, Reliance Industries Ltd said on Monday. After this investment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL), the holding company of the retail business of billionaire Mukesh Ambani-led RIL, will increase to 1.42 per cent from 1.17 per cent. The investment is at "a pre-money equity value of Rs 8.361 lakh crore (around $100.87 billion)", said a joint statement.
The debt-laden company, which recently won its first railway construction project, is looking at a four-fold increase in its order book next year.
Instead of giving away the airports to the private sector 'on a platter', state-run Airports Authority of India should form a subsidiary or a special purpose vehicle to grant management contracts to entities having expertise in the field, the panel recommended.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
The Major Ports Authority Bill, 2020 was passed through ballot votes in the Rajya Sabha on Wednesday with 84 votes in its favour and 44 against it. The Lok Sabha had passed the bill on September 23 last year.
'Every type of deal that US government officials were privately indicating 'hope' to have included a few months back made it in.'
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
Canada's allegations of India's involvement in the killing of a Sikh separatist in Surrey that sparked a diplomatic row between the two nations are based on both human and signals intelligence and inputs from an ally from Ottawa's Five Eye intelligence network, a media report has said citing the Canadian government sources.
Medical experts have warned that the volume of vaccine available to fight the coronavirus or SARS-CoV-2 in coming years is expected to fall far short of global demand, despite an unprecedented effort to manufacture billions of doses.
Will the low cost Israeli Athos gun scuttle India's ATAGS gun?
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
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Observing that the prime reason for these losses was high fuel cost which constituted almost 40-50 per cent of an airline's total costs, Civil Aviation Minister Ajit Singh said the aviation turbine fuel (ATF) prices were high due to rising base price and "very high VAT imposed by state governments."
The airport would comprise two runways and handle 70 million passengers and 3 million tonnes cargo annually when fully developed.
'Saying the private industry will come and transform India's space programme is real moonshine!'
'Although perhaps not with a greater majority, and maybe even a slightly reduced majority in the Lok Sabha.'
Roads and national highways are the lifeline of the country, says Oscar Fernandes.
'By 2020 around 34% of India's population will be in the 15-34 age group.' 'More than 70% of them live in rural areas.' 'Their energy and enthusiasm need to be tapped in order to meet their aspirations and transform agriculture and the rural economy,' says P K Joshi.
The NDA government announced making of 100 smart cities.
The government has been waiting for the expansion by the private sector, Finance Minister Nirmala Sitharaman said while reminding India Inc of various measures including corporate tax rate cut, policy consistency, ease of doing business, among others to facilitate investment.
Releasing a report titled 'Profiting from Pain' in Davos, the rights group further said as the cost of essential goods rises faster than it has in decades, billionaires in the food and energy sectors are increasing their fortunes by $1 billion every two days.
The civil aviation sector is witnessing a number of initiatives
GE, Alstom land $5.6 billion deals to supply Indian Railways
Building 6 conventional submarines is one of the Indian Navy's most important weapon construction programmes.
The construction of the bridge began in 2011 at a project cost of Rs 950 crore. Its has been designed to withstand the movement of military tanks.
WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innumerable times during the day and night.
The public sector behemoth is looking at forming joint ventures with states.
'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'
It's time India makes social, environmental impact like its global peers
Civil Aviation Minister Suresh Prabhu and Chief Minister Pinarayi Vijayan jointly flagged off the inaugural Air India Express flight, carrying 186 passengers to Abu Dhabi.
The World Bank must become Archimedes's lever to help change the world into a more prosperous, inclusive, and sustainable planet in the 21st century. The change in leadership now provides that opportunity, observes Ajay Chhibber.
Hyderabad Metro has taken up a study to change the alignment of the rail track in order to avoid the Legislative Assembly building and Sultan Bazar stretch in Hyderabad, even as the realignment is expected to escalate the project cost by over Rs 300 crore (Rs 3 billion).
The Prime Minister said there is a need to have a relook at the structure of the Planning Commission and give it a new shape.
According to Johns Hopkins Coronavirus Resource Center, the US has reported nearly 1.9 million cases and over 1,09,000 deaths while the total number of coronavirus cases in India and China stand at 2,36,184 and 84,177 respectively. India has so far conducted over 4 million coronavirus tests, according to the health ministry.
A ministry spokesperson said he wasn't aware of the development.
'We will be able to provide 450 square feet house in Rs 5 lakh,' Nitin Gadkari said.
An inquiry by the safety commissioner has been ordered. Anusha Soni reports
Indian IT major HCL Technologies will provide training for three months to 100 students each in its Lucknow and Madurai campuses.
The PPP model for CIL was first mooted by the Planning Commission.
The over Rs 15,000-crore Hyderabad project comprises 72 kilometre of elevated metro rail line and six million sft of transit-oriented development.
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