IIFCL launches new credit rating system for infra projects

Telecom tower company GTL Infrastructure Ltd has said it has received approval from the Competition Commission for the proposed merger with Chennai Network Infrastructure Ltd.

Baba Ramdev's Patanjali Ayurved Ltd is looking to buyout debt-laden infrastructure companies weighed down by stressed assets. Patanjali Ayurved, which has acquired significant market share in fast moving consumer goods sector, has been approached by some ...

** GVK Power and Infrastructure's shares rise asmuch as 4.2 pct ** Company said on Friday it will sell its 10 pct residualstake in Bangalore International Airport Ltd (BIAL) in southernIndia to Fairfax India Holdings Corp for 12.90 billionrupees ($200.53 ...

Infrastructure major Hindustan Construction Company Ltd today said its joint venture with URC Construction Pvt Ltd. , has been awarded Rs 797.29 crore contract by Bangalore Metro Rail Corporation Ltd for construction of an elevated corridor and stations.

By Samantha Kareen Nair REUTERS - An initial public offering of shares in India's HUDCOCorp Ltd (HUDCO) to raise 12.2 billion rupees ($189.4 million) was oversubscribed nearly 80 times in a strong response to the first IPO by a state-run company since 2012.

The CBI has registered a case of cheating and corruption against Hyderabad-based VNR Infrastructures Ltd and its Managing Director V Narayana Reddy for allegedly causing loss of Rs 205 crore to Industrial Finance Corporation of India (IFCI) by loan default.

VAMA Industries Ltd, a city-based IT infrastructure and ITes company, on Tuesday said it has posted consolidated revenue of Rs 34.44 crore during the fourth quarter ending March 31, marking nearly 92 percent growth over the same period last fiscal.The ...

New Delhi: Ather Energy, promoted by Indias largest two-wheeler company Hero MotoCorp Ltd, plans to replicate Tesla Inc.s billing infrastructure business model in India. The Bengaluru-based electric scooter manufacturer is preparing a pattern to install ...

Two subsidiaries of the company -- GMR Energy Netherlands BV and GMR Infrastructure Overseas Ltd -- have entered into conditional share purchase agreement with PT Golden Energy Mines Tbk, Indonesia.