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Essel Group may monetise non-media assets

Thursday, January 31, 2019, 8:59 AM

The Essel Group, led by Subhash Chandra, has embarked upon an ambitious plan of monetising its non-media businesses to deal with the current concerns over repayment to its lenders. According to sources close to the management, in the next six months, the company plans to monetise about Rs.20,000 crore by selling its infrastructure assets. At the group level, Essel has total debt of Rs.17,174Cr.
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White House games out potential new Trump infrastructure plan

Saturday, January 19, 2019, 7:14 AM

The Trump administration isn't giving up hope of pursuing a "significant" infrastructure initiative during President Donald Trump's first term. The hour-long meeting, convened by the National Economic Council and helmed by NEC Director Larry Kudlow, was described as a "status conference" to discuss how best to move forward on a package once the government shutdown ends.
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IoT to unlock revenues worth $11.1 billion by 2022: Study

Tuesday, December 25, 2018, 5:51 PM

In a hyper-connected India, Internet of Things has the potential to reach an-estimated 2 billion connections, unlocking revenues of USD 11.1 billion by 2022, according to report. "Fast forward to India 2022, 5 new mobile connections per second are estimated to join the power of internet. Nearly 50% of the households are likely to be connected through fixed broadband," said joint study by Assocham-EY.

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