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.
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).
MF assets rose 12% in Jan to all-time high
Foodpanda acquires food ordering portal Just Eat India
India set to become world’s fastest growing e-commerce market
Govt announces capital infusion of Rs6,990 crore in public sector banks
PM announces constitution of three sub-groups within NITI Aayog; asks all states to set up two task forces under aegis of NITI Aayog
TaxiForSure to raise $80 mn for expansion
Mumbai: TaxiForSure is in talks with private equity firms to raise US$ 60-80 million. The company plans to scale up its operations to 100 cities by the middle of this year, from the current 47.
Gujarat may get a second international airport in Dholera
Mumbai: Gujarat may get a second international airport at Dholera. The Government of Gujarat has formed Dholera International Airport Co Ltd and is obtaining approvals from the union government.
SunEdison-Brakes India JV sets up 8MW solar power plant in Tamil Nadu
Chennai: SunEdison and Brakes India plans to set up an 8 megawatt (MW) solar power system at Brakes India’s manufacturing unit in Munanjipatti, Tamil Nadu.
