Sunday, July 21, 2019, 1:37 PM
As part of innovative modes of financing to meet India's huge infrastructure appetite, insurance giant LIC has agreed to offer Rs.1.25 lakh crore line of credit by 2024, to fund highway projects, Union Minister Nitin Gadkari said. The Minister said that the line of credit will be used to fund the ambitious Bharatmala project, the revised cost of which has reached Rs.8.41 lakh crore.
Sunday, July 21, 2019, 11:58 AM
As many as 345 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.28 lakh crore owing to delays and other reasons, a report said. According to the report, the expenditure incurred on these projects till April 2019 is Rs 8,84,906.88 crore, which is 40.94 percent of the anticipated cost of the projects.
20 July 2019, Saturday
Indian Cricket was born after the 1983 World Cup in England. The legendary Kapil Dev and the team ca ...
Thursday, July 18, 2019, 10:13 AM
The Centre approved Rs 1,600 crore for pre-investment activities of the Dibang Multipurpose Project (MPP) in Arunachal Pradesh. The project is envisaged as a storage-based hydro-electric project with flood moderation as the key objective. The decision has been taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, according to an official statement.
Tuesday, July 16, 2019, 6:50 PM
Flipkart Co-founder Sachin Bansal has invested Rs.200 crore in debt papers issued by Piramal Enterprises, via non-convertible debentures (NCDs) route, a source reported. The NCD, issued at an interest coupon of around 9.5% and a repayment period of two years, would be used in Piramal's financial services business, the report said. Piramal Group is also reportedly in fundraising talks with SoftBank.
Tuesday, July 16, 2019, 11:32 AM
Hyundai is planning to drive in a Rs.10-lakh electric car in India, and will spend over Rs.2,000 crore to develop the vehicle that will be manufactured at its Chennai factory. The car could be a mini SUV, though different body types such as a premium hatchback, are also being considered. It will also be exported across Middle East, Latin America, Africa and Asia.
11 July 2019, Thursday
A travel medical insurance is a type of health insurance plan, which covers medical emergencies in a ...
10 July 2019, Wednesday
The e-PAN has been introduced by the income tax department. With e-PAN, first time taxpayers can instantly receive the PAN online. The Government is w ...
Wednesday, July 10, 2019, 2:54 PM
Swiggy will invest $100-million for its subscription-based delivery business under Supr Daily, which delivers milk and other daily essentials to consumers, according to two sources familiar with the development. Swiggy acquired Supr Daily last year even though it hasn't made an official announcement on the same. The unit is already doing more than 1 lakh deliveries/day in six-cities including Bengaluru, Mumbai and Delhi-NCR.
06 July 2019, Saturday
The Finance Minister Nirmala Sitharaman has presented the Union Budget 2019. Minimum Government with Maximum Governance is the keyword. As India moves ...
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