HDFC to get 41% stake in HDFC Bank through transformational merger
As the stance of governance is hardening, institutions standing on weak or corroded legs, are stumbling and crumbling. After the case of corrosion of ethics in ICICI, the IL&FS too seems to have bloodied its nose by first becoming a messiah to MaytasInfra (the Satyam scam fall out) in 2009 and then several unrelated forays.
Smart Cities support the comprehensive development of physical, institutional, social and economic urban infrastructure, improve the quality of life, protect the environment and create jobs for millions, says Deepak Premnarayen, President, Indian Merchants' Chamber (IMC), and Chairman, FirstRand Bank India.
IL&FS is planning to set up a captive port in the district of Cuddalore in Tamil Nadu. The port will be developed and run by Adani Port, say sources. Sources said Adani Group will construct and run the port. The port project cost is estimated to be around `300 crore.
In order to establish an urban infrastructure financing mechanism and to attract investment for financing and management of the urban infrastructure projects in the state, the AP government, along with IL&FS, has set up AP Urban Infrastructure Asset Management Limited (APUIAML).