Gujarat to spend Rs 141 cr for better aviation infra
Gujarat government plans to pump in around Rs 141 crore to promote aviation in the state by the next financial year. The focus will mainly be on developing aviation infrastructure facilities. A senior official from the civil aviation department said that the government wants to strengthen civil aviation network.
Investing in risk assessment
Over the last two months, HDFC Bank recruited heads for four verticals, including infrastructure finance, to grow its investment banking business. Recently, several banks have been hiring up infrastructure experts, and as innocuous as the news may seem, it reflects a longer term goal to get specialised. As with most other lessons in India's infrastructure sector, the solution is reactive, not innovative. So banks have a job on their hands, and don't they know it.
REC to launch 3 SPVs
REC Transmission Projects Company (RECTPCL)—Bid Process Coordinator (BPC) for three transmission projects—will incorporate three Special Purpose Vehicles (SPVs).
Tata Power not to sell stake to Olympus
Tata Power has terminated its deal to sell around 15 per cent stake in a special purpose vehicles, to private equity firm Olympus Capital Holdings Asia.
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