Saraswat Bank has announced a tie-up with Reliance ADAG under which the Anil Ambani-led group will market a core banking solution developed by the bank's infotech subsidiary.
Author: admin (Infratructure Today)
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Structure of proposed IDFs finalised
A final structure of the Infrastructure Debt Funds (IDFs) has emerged following wide-scale consultations held with potential investors, infra companies, regulators and experts.
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SC issues notice to PNGRB over pipeline project
The Supreme Court has sought response from the PNGRB over a plea filed by GAIL against PNGRB's decision to issue licence for MBPL project to Gujarat State Petronet (GSP) for Rs 5,000 crore.
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Govt open to more fuel subsidy
Finance Minister Pranab Mukherjee has suggested that the government was open to increasing the fuel subsidy beyond the budgeted level, if needed.
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Mangalore port box handling crosses 10k TEUs
The container handling at New Mangalore Port Trust (NMPT) crossed 10,000 TEUs mark in the first 75 days of the current financial year as against 8,917 TEUs in the corresponding period of the previous fiscal, recording a growth of 13 per cent.
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Mundra may be largest port by 2013
As Kolkata Port hopes to grab a share of exim cargo from the JN Port, it is more likely to face competition from other newer ports on the Western coast-Pipavav and Mundra.
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Govt aid for Uttarakhand road development
The Ministry of Rural Development has released graÂnt in aid worth Rs 155.22 crore for construction of rural roads in Uttarakhand under Pradhan Mantri Gram Sadak Yojana (PMGSY).
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India, Mozambique to cooperate on maritime security
India and Mozambique have agreed to work together on the issue of maritime secÂurity so as to make Indian Ocean a safe region for mariÂtime trade.
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Karnataka to add power capacity
Karnataka is planning to add 1,600 MW of generating capacity by the end of the current financial year.
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APP: set up EGoM on coal contracts
The Association of Power Producers (APP) has demanded setting up of an empowered grÂoup of ministers (EGoM) to reÂview the current bidding conÂtracts in view of the coal shortage.