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PNC Infratech announces receipt of Rs. 145.63 crore towards final arbitration award in Narela Annuity Project.

PNC Infratech Limited announces the realization of Rs. 145.63 crore on 17 May 2019 by one of its wholly owned subsidiary companies - PNC Delhi Industrialinfra Private Limited (Concessionaire) from... Full Story

Ather Energy to set up 55 charging stations in Chennai.

Ather Energy, an electric vehicle company, announced the installation of its fast charging network Ather Grid in Chennai. The city will... Full Story

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NMDC to invest $1 billion on infrastructure, says official.

National Mineral Development Corporation Limited (NMDC Ltd.) is in the process of investing about USD 1 billion on infrastructure in... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

ORIX agrees to take control of IL&FS Wind Energy.
In a move that could be of some respite for IL&FS lenders, Japan’s ORIX Corporation has agreed to take control of IL&FS’ wind energy company... Full Story
Mahindra Partners invests Rs. 226 crore in eye-care speciality chain Centre for Sight.
Mahindra Partners, the investment arm of automobiles-to-information technology conglomerate Mahindra Group, has invested Rs. 206.5 crore in specialty eye care chain Centre for Sight, with the transaction... Full Story
Vedanta, ONGC, RIL-BP in fray for oil, gas blocks offered under OALP-II, III rounds.
Vedanta, ONGC, Reliance Industries–BP, Indian Oil Corporation and Bharat PetroResources have bid to develop oil and gas blocks in the second and third rounds of... Full Story
Mahindra Partners invests Rs. 206 cr in Centre for Sight.
Private equity arm of the Mahindra Group, Mahindra Partners recently announced an investment of Rs. 206.5 crore in New Delhi-based Centre for Sight Ltd. (CFS). With... Full Story
HSL, Vizag port commit to encourage start-ups.
Vizag’s two public sector majors Hindusthan Shipyard Ltd. (HSL) and the Visakhapatnam port have promised to encourage start-ups and assist in creating the right ecosystem... Full Story
Akashika Foods to take over Maiyas Beverages & Foods.
Maiyas Beverages and Foods, founded by ready-to-eat food pioneer Sadananda Maiya, will now pass on to Akashika Foods, a Bengaluru-based firm, as per a resolution formula... Full Story
Yamaha Motor achieves 10 million production milestone.
Japanese two-wheeler manufacturer Yamaha Motor has achieved 10 million production milestone in the country, the company said recently. The company which has three manufacturing facilities at... Full Story
Piramal Group plans to buy operational renewable power projects of Mytrah.
Ajay Piramal-owned Piramal Groupplans to buy operational renewable power projects of Mytrah Energy, making the potential acquisition the first set of assets in the newly launched private InvIT... Full Story