For its fleet expansion, domestic low-cost carrier SpiceJet has selected BoeingĂâs 737 Max, fuel-efficient and narrow body aircraft. The latest offering from Boeing promises 13 per cent fuel savings over the current generation of planes and would enter into service from 2017.
Author: admin (Infratructure Today)
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Axis Bank to become foreign-owned firm with 62% FDI
With over Rs 6,200 crore, Axis Bank will become a foreign-owned lender, to be governed by FDI (foreign direct investment) policy. The development follows the go-ahead to its proposed increase in foreign investment holding to 62 per cent.
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Sidbi gets Rs 5,000 cr RBI loan
Small Industries Development Bank of India (Sidbi) has received Rs 5,000 crore of refinance from the Reserve Bank of India (RBI) for a year to ease liquidity stress in the micro and small enterprises sector.
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Karnataka to give Rs 8,000 cr farm loans
The Karnataka government has decided to give loans of Rs 8,000 crore to 20 lakh farmers in the state, said the State Co-operation Minister HS Mahadeva Prasad on November 17. The State government has already covered 10.50 lakh farmers and distributed Rs 4,400 crore.
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Mahindra’s steel service centre to come up at Pune
To set up an automotive steel service centre in at Chakan near Pune, Mahindra Inter-trade is to get into a new joint venture with China Steel Global Trading Corporation, Taiwan and Mitsui & Co (Asia Pacific) Pte Ltd Singapore.
The facility is be set up at a cost of Rs 150 crore ($24 million) over 10 acres of land and will have an annual processing capacity of 130,000 tonne.
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IOC’s roadshows in S’pore, Hong Kong to sell stake
For the sale of its 10 per cent stake in the country's largest oil firm Indian Oil Corp (IOC), the Union government is holding investor meetings this week in Singapore and Hong Kong. The government has already held roadshows in the US and the UK last week for the purpose.
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Adani to take up power transmission in Australia
Adani Group in Australia is now aiming to venture into power transmission business. Adani is into coal mining and port operations in Australia and now the Group's Australian arm Adani Mining Pty Ltd has proposed the State government of Queensland to invest $300 million for 250 km long transmission network in the central Galilee Basin where it is promoting coal mining and other infrastructure projects.
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AP cancels Rs 16,000 cr port, corridor project
The Rs 16,000 crore port-cum-industrial corridor deal has been cancelled by the Andhra Pradesh government. The State government had signed the deal with Ras Al Khaimah Investment Authority and Matrix Enport Holdings in 2008 for building a port-cum-industrial corridor.
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Kochi port to gain from FCI cargo
The Food Corporation of India (FCI) is to opt the Kochi port for its foodgrain movement of both bulk and break bulk cargo movement. With this, Kochi port is to gain a lot. FCI recently floated a tender for multi-modal contract for transport of rice from designated depots of Kakinada to Kerala through coastal movement.
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DMICC to invite RFQ, RFP for Mumbai-Blore road corridor
For the proposed Mumbai-Bangalore industrial corridor, request for qualification and request for proposals (RFQ and RFP) have been invited from consulting firms. The Delhi Mumbai Industrial Corridor Corporation (DMICC) has invited the RFQ and RFP. DMICC will shortlist the firms by December-end.