India Cements Ltd (ICL) has received shareholder approval for raising Rs 500 crore through qualified institutional placements (QIP) or foreign currency convertible bonds (FCCB) to meet its capital expenditure needs.
Category: ECONOMY & POLICY
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UP clears Metro rail projects
The Uttar Pradesh Cabinet has okayed the detailed project reports (DPRs) for Metro rail projects in four major cities. The Cabinet meeting, chaired by Chief Minister Akhilesh Yadav, approved DPRs for Kanpur, Meerut, Agra and Varanasi.
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3G spectrum: TRAI proposes 18% cut in reserve price
The Telecom Regulatory Authority of India (TRAI) has prescribed an 18 per cent reduction in the reserve price for 3G spectrum to be auctioned in February.
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GSM operators add 82.1 lakh subscribers in November
GSM mobile operators added 82.1 lakh users in November taking their overall subscriber base to 67.02 crore at the month-end.
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Rs.5.7 lakh cr for stalled projects
The Planning Commission has told Prime Minister Narendra Modi that additional funds of Rs 5.7 lakh crore will be required to complete 738 Central projects in various infrastructure sectors. Almost Rs 5.6 lakh crore has already been expended on these projects.
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Global Vision
Avantha Group Company CG has announced the appointment of Sanjay Singh as Executive Vice President and Global Head - Human Resources. Singh will be a member of the Executive Committee and will report to CEO & Managing Director, Laurent Demortier. He will be based in the CG Headquarters in Mumbai.
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Light Metro projects wait for nod
Though the detailed project report (DPR) of the ambitious light Metro rail projects being proposed in Thiruvananthapuram and Kozhikode
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AP mulls cell for project clearance
AP Chief Minister N Chandrababu Naidu has said that his government was considering a -´Japan-Plus Cell´ that will clear proposals of Japanese firms online.
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Centre tries to reduce fuel bill
The government has turned to oil diplomacy to secure better fuel supply contracts, a move that industry officials say can cut India´s import bill by at least Rs 10,000 crore.
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Maharashtra clears metro projects
Days after terminating its contract for the second Metro with Reliance Infrastructure, Maharashtra