Vodafone India said that it has invested over Rs 480 crore to ramp up network and distribution in Uttar Pradesh (UP) East circle over the past 12 months. The company has expanded its network footprint by adding over 800 new 3G sites across UP East in the past 12 months.
Category: Infrastructure Finance
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Railways in severe financial crisis, says Trivedi Panel
After two years of healthy operations, a severe financial crisis has again gripped Indian Railways (IR), says a parliamen-¡tary panel headed by former Railway Minister Dinesh Trivedi.
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Net Neutrality: TRAI invites flak
Netizens and application service providers have overwhelmingly supported net neutrality, urging that apps must not be brought under a licensing regime in response to the consultation paper floated by the telecom regulator on an open Internet.
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IT Dept slaps Rs.20,495 cr tax demand on Cairn India
Cairn India Ltd, the petroleum arm of London-headquartered Vedanta Resources Plc, has received a tax notice of Rs.20,495 crore from the Income Tax department for failing to deduct withholding tax on alleged capital gains by its erstwhile promoter, Cairn UK Holdings Ltd (CUHL), a subsidiary of Edinburgh-based Cairn Energy Plc.
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BSNL to invest Rs.7,000 crore in 3G, 4G Wi-Fi hotspots
State-run BSNL will invest around Rs 7,000 crore in setting up 3G, 4G wifi hotspots to be integrated across the country over the next 2-3 years.
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TN seeks tie-up with Asian bank
The Tamil Nadu Government has asked the Asian Infrastructure Investment Bank to join hands with the state to promote a new Tamil Nadu Infrastructure Fund Management Company (TNIFMC).
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Jain Irrigations agri-NBFC arm raises Rs.112 crore
Jain Irrigation announced that its subsidiary Sustainable Agro-commercial Finance Ltd (SAFL) - a non-banking finance corporation - has raised funds worth Rs 112 crore in a mix of equity shares and long term debt.
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BP writes off $830 million in KG-D6 block
BP Plc has written down the value of its investment in eastern offshore KG-D6 block by $830 million, following a lower-than-expected gas price hike.
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Govt to establish infrastructure fund
Finance Minister Arun Jaitley proposed the setting up of a National Investment and Infrastructure Fund (NIIF) with an initial corpus of Rs 20,000 crore that can be leveraged by infrastructure companies.
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Yes Bank plans to raise funds for green bond
Yes Bank is planning to raise around $100 million from International Finance Corporation (IFC), a project report issued by IFC revealed.