Mumbai based logistics firm J M Baxi Group is in talks to raise nearly $160 miliion (Rs 1000-1200 crore) from Piramal Structured Finance Group, said two people directly familiar with the matter. In an emailed response the company said, it is in “talks for raising funds from Piramal group for its growth plans.” Piramal SFG […]

A Tata Enterprise and Turkey’s Ardutch B.V. have agreed to establish a Joint Venture Company (JVC) in India, to enter the consumer durables market in the country. The new company to be incorporated in India will be an equal partnership joint venture. The proposed JVC will leverage the strong brand presence and wide sales and […]

For construction of Parwan Gravity Dam in Rajasthan Hindustan Construction Company as a lead partner in the joint venture with HSEPL has been awarded Rs 672.99 crore contract on EPC basis for the construction of Parwan Gravity Dam by the Water Resources Department, Government of Rajasthan. HCC’s share in the JV is 90% (Rs 605.70 […]

The Jharkhand government launched 21 projects at a ceremony at Khelgaon on Thursday. It had earlier signed memorandums of understanding (MoUs) with investors on these projects during Momentum Jharkhand, its ambitious campaign in February to attract investment from both within and outside the country. http://timesofindia.indiatimes.com/india/momentum-jharkhand-21-projects-launched/articleshow/58770157.cms

Foreign direct investment inflows hit an all-time high of $60.1 billion in 2016-17, the commerce and industry ministry said on Friday, as the Narendra Modi government eased rules to lure global conglomerates to set up shop in sectors such as defence and railways. In the last three years, the government has eased 87 FDI rules […]

Soft drink firms plan to increase prices by 5-10% to offset higher tax outgo under GST regime while makers of shampoo, ayurvedic products and confectionery said they are yet to take a call on the matter. As per the goods and services tax rates finalised by the GST council, all these product segments will attract […]

The Ministry of Environment, Forest and Climate Change (MoEF) has accorded environmental clearance to Central Public Works Department’s dedicated berth project. http://www.projectstoday.com/News/CPWDs-dedicated-berth-project-gets-EC-nod

Africa Logistics Properties (ALP) has launched Kenya’s first ever international standard logistics and distribution parks for local and international companies in the logistics, retail, light industrial, FMCG and e-commerce sectors. http://www.projectstoday.com/News/ALP-launches-Kenyas-first-international-standard-logistics-parks-Kenya

The Cabinet on Wednesday gave its nod to two decisions key to the energy sector: the new Coal Linkage Policy, and the setting up of 10 new nuclear power reactors. http://www.thehindubusinessline.com/news/cabinet-nod-for-new-coal-linkage-policy/article9704221.ece