Air India has cleared a large chunk of its dues to GMR-led operators of Delhi and Hyderabad airports, with the latest instalment of Rs 415 crore being paid a few days ago. A GMR spokesperson said that Air India has made large payments over the last two months to clear the outstanding dues to the GMR Group. GMR is hopeful that Air India will clear the remaining dues in an expeditious manner to reach a regular payment status.
Author: admin (Infratructure Today)
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IRB allowed to receive 49% investment from FIIs
Road project developer IRB Infrastructure Developers received approval from the Reserve Bank of India (RBI)
to receive up to 49 per cent of its paid up capital as investment from Foreign Institutional Investors (FIIs). This would allow FIIs to raise their investment in the company's equity shares and convertible debentures unde
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IRB allowed to receive 49% investment from FIIs
Road project developer IRB Infrastructure Developers received approval from the Reserve Bank of India (RBI)
to receive up to 49 per cent of its paid up capital as investment from Foreign Institutional Investors (FIIs). This would allow FIIs to raise their investment in the company's equity shares and convertible debentures unde
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Bond issues may rise in coming days
Media reports suggest that the number of manufacturing companies issuing bonds in the local market may rise in the coming days. Industry sources feel that companies are waiting for yields on corporate
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Minister expects East-West Corridor to be ready by end 2014
Union Transport Minister CP Joshi informed media persons that work on 431 km of the 670-km East-West Corridor in Assam is over and the entire project would be completed by December 2014.He said the project is in progress against many odds like law and order problem, unfavourable weather conditions
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Gujarat govt seeks gas at equal price
During his meeting with Prime Minister Manmohan Singh, Gujarat Chief Minister Narendra Modi demanded provision of natural gas to the state at the same rate as places like Delhi and Mumbai. Both the Gujarat government and the central government are locked in a legal battle on allocation of natu
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Crude oil price rises on strong economic data
International crude oil price rose marginally in recent trading sessions on the back of positive economic data from the US and the Europe. Recent data from the US shows rebound in its serv
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AP CM requests centre to allocate gas
Andhra Pradesh Chief Minister wants union oil ministry to take immediate steps to ensure sufficient natural gas supply to the state and help overcome the power shortage. The chief minister requested Prime Minister Manmohan Singh to direct oil ministry to boost gas supply for the state. He made this request when he met the Prime
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Morgan Stanley upgrades ratings on oil firms
Following the centre's move towards deregulating diesel prices, financial services firm Morgan Stanley upgraded the ratings on Oil and Natural Gas Corporation (ONGC) and Hindustan Petroleum (HPCL) to 'overweight' from 'equalweight'. On January 17, the central government allowed state-owned oil firms to raise prices in small measures every mon
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Shell denies charges of miscalculation of share price
Shell India denied charges leveled by the union government against the company on tax evasion and said it is evaluating all options to challenge the recent order of the government. Recently, the central tax authorities issued a notice to the firm claiming Rs $2.7 bn on alleged mispricing of share