Christy Clark, Premier of British Columbia, Canada met Dr. Farooq Abdullah, Minister of New and Renewable Energy, in New Delhi and held detailed discussions on cooperation between India and British Columbia in the field of renewable energy.
Author: admin (Infratructure Today)
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Show cause notice to 57 mines
The Joda mining circle, unÂder the Orissa state steel and mines department, has sent show cause notices to 57 mines for the irregularities and minÂing rule violations caused by them between 2001 and 2010.
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IDFC to raise foreign currency borrowing
Infrastructure Development Finance Company (IDFC) is planning to step up foreign currency borrowing. The company's foreign currency borrowings more than doubled through the year to Rs 4,131 crore,
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REC tax-free infra bonds
Rural Electrification Corporation (REC) plans to raise up to Rs 500 crore through tax-free retail bonds in the last week of December. REC plans to raise about Rs 28,000-30,000 crore in this financial year.
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Rs 200 cr for Chakan airport
The Union ministry of civil aviation has sanctioned Rs 200 crore for Chakan International Airport in Pune district, which will now come up on a 700-hectare site adjacent to the one earlier proposed.
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L&T eyes stake in road projects
Larsen & Toubro is scouting to acquire majority stake in road projects worth around Rs 1,000 crore each to boost its portfolio.
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RBI eases IDF norms for NRIs
The Reserve Bank of India (RBI) has decided to allow eligible non-resident investors to invest, on a repatriation basis, in rupee and foreign currency denominated bonds issued by the Infrastructure Debt Funds (IDFs) set up as non-banking financial companies.
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$75 bn investment in oil & gas sector in 2012-17
India expects Rs 3.90 trillion ($75 billion) to be invested in its oil and gas sector from April 2012 to March 2017. The development plan incluÂdes exploration, production, reÂfining, marketing, storage,
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Piramal, IDFC, SNC-Lavalin JV
Ashok Piramal Group, IDFC Project Equity Fund and Canada's SNC-Lavalin Group have entered into a joint venture agreement to develop road and highway projects in a public-private partnership across the country.
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Fin Min increases FII limit
The Union Ministry of Finance has decided to increase the current limit of Foreign Institutional Investors' (FIIs) investments in government securities by $5 billion raising the cap to $15 billion.