FIIs bet big on India, invest Rs 12,000 cr in Feb
Mumbai: Foreign institutional investors (FIIs) have pumped in close to Rs 33,688 crore (US$ 5.42 billion) in equities and debt in January 2015, about 13.1% of last year’s total Rs 2.56 trillion (US$ 41.22 billion).
Railways signs power procurement agreement with DVC
New Delhi: The Indian Railways has signed a bilateral power procurement agreement with the Damodar Valley Corporation (DVC). The agreement was signed between North Central Railway and DVC. This is the first time the railways will directly buy power from a supplier.
Reliance Communications signs 5-year deal with Avaya
Mumbai: Reliance Communications Ltd (R-Com) has signed a five-year, multimillion dollar agreement with Avaya Inc, which will improve its call centre operations.
