Airports
The economy seems to be taking an upturn by looking at the number of activities in the corporate world. L&T (Larsen and Toubro) declared that it has acquired 50 % stake in L&T-Ramboll Consulting Engineers Ltd (LTR) held by Ramboll Denmark. With this acquisition, LTR now becomes a wholly owned subsidiary of L&T. L &T said [...] Continue Reading »
During Prime Minister Narendra Modi’s visit to Japan, GMR Infrastructure signed a memorandum of understanding to provide financial assistance to Japanese companies investing in infrastructure projects of the GMR Group. According to a statement, the objective of this MoU is to provide low-cost, long-term financing for infrastructure projects that involve Japanese companies. These could be [...] Continue Reading »
The Finance Industry Development Council (FIDC) has suggested a few things to provide a thrust to the ailing infrastructure industry. Equipment used in building of roads, ports, airports and other infrastructure should be treated as “infrastructure” for the purpose of lending by banks. Bringing “equipment” within the scope of the list of “infrastructure” sectors for [...] Continue Reading »
Seeking to streamline the foreign investment regime, the commerce and industry ministry has proposed to introduce a composite cap which will include FDI (Foreign Direct Investment), FII (Foreign Institutional Investment) and other instruments in various sectors. In a draft cabinet note, which was circulated for inter-ministerial consultations, the DIPP (Department of Industrial Policy and Promotion) [...] Continue Reading »
The bid for privatisation of six airports has been postponed to June due to the ongoing general elections, said officials of the Airports Authority of India (AAI), the nodal agency overseeing the bidding process. The due date for the Requests for Qualification (RFQ) for the Chennai, Kolkata, Lucknow and Guwahati airports has been pushed a [...] Continue Reading »
According to a report, in the third quarter of the current fiscal, Investment cycle in the construction sector is likely to improve if a stable government comes to power at the Centre after the general elections. Credit rating agency ICRABSE mentioned in its report that until September, though there were expectations of facing execution challenges [...] Continue Reading »
The Election Commission have ordered to defer the process of privatisation of the operation and management of six airports of the state run Airports Authority of India (AAI) till the completion of the Lok Sabha poll process, civil aviation ministry sources said. The six airports are Chennai, Kolkata, Lucknow, Jaipur, Guwahati and Ahmedabad. The EC [...] Continue Reading »
Secretary, Civil Aviation, Ashok Lavasa, said on Thursday that on the recommendations of the Election Commission, the modernisation of Chennai, Kolkata and four other airports has been put on hold. The Commission has asked us to put it (airport modernisation) on hold till the process of elections is over. The date for submission of bids [...] Continue Reading »
The major real estate firm won contracts worth Rs. 1,981 crore in housing sector including major order in Bangalore. The company says that the building and factory business of L&T has grabbed the housing order of value Rs. 1,981 crore in March 2014. A main residential order is taken up in Bangalore from one of [...] Continue Reading »
The GMR has moved the AP High Court challenging the decision of the Airports Economic Regulatory Authority (AERA) in discontinuing collection of user Development Fee for the next two years. The GHIAL has concluded that the AERA has no jurisdiction to fix the UDF and it was the Central government of India who has power [...] Continue Reading »
