For its proposed Global Infrastructure Facility (GIF) that will finance core projects in emerging economies like India, the World Bank is expected to finalise the GIF's shape by next April, says an official in India's Finance Ministry.
Tag: April
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Indian firms’ foreign investment trebles to $ 7.64 bn
During April, overseas direct investment by Indian companies trebled to $7.64 billion, from $1.89 billion in March. As many as 499 deals were carried out by the Indian companies during the first month of the current fiscal to carry out the outward foreign direct investment, data from the Reserve Bank showed on June 13. Bharti Airtel, ONGC Videsh, Suzlon Energy, GMR Infrastructure, Amtek Auto and Tractors and Farm Equipment were among the major companies that invested in their overseas arms durin
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Hi-speed rail interests UK Co
UK firm Mott Macdonald will undertake a pre-feasibility study of the 993 km Delhi-Patna rail route as part of the government’s move to connect Patna with a high speed train.
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3i deploys Rs 700 cr on infra projects
T3i India Infrastructure Fund, part of the UK-listed 3i group, has invested about $157 million (about Rs 700 crore) in road and power projects, taking close to four months to close the deals as increased approvals from authorities and the fund’s own stricter due diligence extended the time.
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OVL races for oil block
An unknown company has outbid ONGC Videsh’s bid to buy Exxon Mobil’s 25 per cent stake in a deep-sea oil block in Angola.
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JNPT pays back the locals
The Jawaharlal Nehru port will part with 165 hectare of developed land to the project affected people around the port.
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KPTL order book up Rs 950 cr
Kalpataru Power Transmission (KPTL) has secured orders worth Rs 950 crore. The company has won three contracts from Power Grid Corporation worth Rs 546 crore.
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COLLABORATIVE COMPETITION
It is ironic that while technological advancement can shrink space and cost, innovation need not always depend on nanotechnologies.
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BSP bags Lankan rail orders
Bhilai Steel Plant (BSP), the flagship entity of the Steel Authority of India (SAIL), has bagged a fresh order of exporting rails to Sri Lanka.
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Fukushima-Daiichi aftermath
In the aftermath of the tsunami in Japan, the Centre is considering fine-tuning its plans of locating power plants, along the coast.