Coal India hit by equipment flaws
Coal India Ltd (CIL) is facing the basic problems of not having enough mechanical shovels, dumpers and explosives. The new government, which has a 90 per cent stake in the $40 billion company,
Gangavaram Port to set up LNG terminal
The Infrastructure and Investment Department of the Government of Andhra Pradesh has accorded permission to Gangavaram Port to set up an LNG terminal in a joint venture with Petronet.
Kenyan delegation visits KINFRA processing park
A team from Kenya consisting of 7 members visited the KINFRA Food processing park, Kakkenchery on 12th July 2014 for benchmarking purpose as part of their feasibility study for setting up of an agro-based SME industrial park at Eldoret, Kenya.
Budget gives boost to real estate
The Budget proposes low-cost housing for young citizens with Rs 4,000 crore; allocation of Rs 4,000 crore for affordable housing via National Housing Bank and housing for all by 2022, which will create a favourable environment that will boost affordable housing in the country.
Lucknow Metro in December 2016
City residents may get to ride the Metro from December 2016. Uttar Pradesh chief secretary Alok Ranjan said that the Lucknow Metro is likely to make its debut journey on. The first eight-km track, marked as priority sector
OIJIF to raise $350 million
The Oman India Joint Investment Fund (OIJIF) will be raising about $350 million for a new fund, according to a source. An equal joint venture between State Bank of India (SBI) and State General Reserve Fund (SGRF), OIJIF will start raising money from December. SGRF is Oman´s sovereign wealth fund.
Foreign investment inflow to double
Foreign investment in the Indian economy is expected to more than double, with inflows from both foreign direct investment and foreign institutional investors set to surge above $60 billion in the current financial year, compared with the $29 billion in 2013-14, an ASSOCHAM note has projected.
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