The International Airlines Group, the sixth largest airline globally in revenue terms, said it did not have plans to invest in any Indian airline. Formed in January 2011, IAG is the parent company of British Airways, Iberia and bmi. This follows speculation that Delhi-based low-cost airline IndiGo was looking to tie up with British Airways.
Author: admin (Infratructure Today)
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FII investment cap in bonds raised
The ceiling on investment by foreign institutional investors (FII) in government bonds and corporate bonds has been raised by $5 billion each. The sub-limit of $10 billion for investment by FIIs in G-secs was enhanced by $5 billion, Reserve Bank of India ( RBI) said. The cap on corporate debt other than in the infra
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Centre okays two key road projects for Arunachal
The Union government on January 21 approved the construction of two roads in Arunachal Pradesh - Bameng to Lada (55 kms) and Miao to Vijaynagar (157 kms) - in principle under the Prime Minister Gram Sadak Yojana (PMGSY).
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NHAI formulating policy for early exit of developers
The National Highway Authority of India (NHAI) is preparing a new policy that would facilitate and allow the construction companies to exit as soon as the road project is commissioned. The NHAI's move follows highway construction industry's pressing demand to allow them to disinvest from the highway projects when those are commissioned.
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Reliance Metro’s Airport Express Line Recommences Operations
Reliance Infrastructure Limited (RInfra), part of the Reliance Group, through its Special Purpose Vehicle (SPV) Delhi Airport Metro Express Private Limited (DAMEPL), today announced that the Airport Metro line would resume commercial operations at its regular timing of 5:30 AM from January 22, 2013.
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Oil ministry seeks speedy nod for 20 blocks
Of the 52 oil and gas blocks which are awaiting clearances from the defence and environment ministries, the oil ministry plans to request Cabinet Committee on Investment (CCI) to expedite nod for 20 offshore exploration blocks. Speedy clearance for these blocks would benefit prospective contractors like RIL, Cairn, BP, BHP Billiton, ONG
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Minister hints at full de-regulation of diesel prices
Some media reports quoted Petroleum Minister Veerappa Moily as saying that the government would allow oil marketing companies (OMCs) to charge market price for all consumers in another 24 months. It may be noted that recently, government allowed these firms to charge market price for only bulk cons
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TN to develop road networks along Chennai ORR
The Tamil Nadu government on January 23 announced that a detailed project report will soon be prepared for the development of grid roads along the Chennai Outer Ring Road (ORR). The government has sanctioned Rs. 5.22 crore for the study that will look into various aspects including alignment, design and land acquisition for the 62 km-long project that is being developed in two phases.
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Mysore Road stretch in Blore to be made into one-way
To de-congest traffic on Mysore Road in Bangalore, a section of the busy main road will be made into a one-way. The BBMP is in the final stages of construction of a ramp over the drain near Gali Anjaneya Temple which joins Mysore Road from Chord Road.
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Mauritius Unitus trims holding in SKS Microfinance
In a communication to the stock exchange, Mauritius Unitus Corporation sold a part of its stake in the only-listed microfinance institution in the country SKS Microfinance. Through open market trade in the BSE and NSE, the firm sold over 1 lakh of its shares in the microfinance instit