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Railways to float Rs8,000 crore tenders for transmission network New Delhi: The Indian Railways is looking to award six tenders worth Rs 8000 crores (US$ 1.17 billion), for setting up of a country-wide electricity transmission network, as part of a strategy to reduce electricity bills....

Livemint January 20, 2017

Motherson Sumi buys Finnish wiring harness maker PKC for €571 mn Mumbai: Motherson Sumi Systems Ltd, an automobile components manufacturer, has acquired Finland-based truck wire maker PKC Group Pic for € 571 million (US$ 607.42 million), which will help the company expand its presence in the global wiring har...

Business Standard January 20, 2017

Govt to take steps to boost private investment in roads, shipping New Delhi: Mr Mansukh L Mandaviya, Union Minister of State for Road Transport & Highways, Shipping and Chemical & Fertilizers, has stated that the Government aims to boost corporate investment in roads and shipping sector, along with introduc...

Economic Times January 20, 2017

UDAN scheme: 11 airlines submit bids for regional flights New Delhi: The government has received bids from 11 airlines for its UDAN scheme to start subsidised flights to remote airports in the country, as per Mr Jayant Sinha, Minister of State for Civil Aviation....

Livemint January 20, 2017

Avendus Capital to enter structured finance with Rs500 crore fund New Delhi: Avendus Capital plans to start its structured finance business with a dedicated fund of size Rs 500 crore (US$ 73 million), which will be primarily raised from domestic investors, and will aim for investments in growth companies, mid-marke...

Livemint January 20, 2017
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