Monetisation

Road developers set to gain from NHAI’s asset monetisation push

Monetising road assets through TOT and the rising FASTag collections could help garner funds for NHAI’s new projects

Cred revenue rises 66% to Rs 2,473 crore in FY24, losses down by 41% to Rs 609 crore

Cred has seen more financial services institutions coming to its platform for unsecured lending over the last year as they chase premium customers. The RBI has expressed concern multiple times about huge growth in low-ticket unsecured loans. Cred mostly disburses high-ticket loans to prime customers, which banks, too, target.

IL&FS to monetise its stake in DND flyover connecting Delhi to Noida

IL&FS has decided to monetise this marquee DND flyover, which was built in 2001, as one of the first roads to provide seamless connectivity from Delhi to Noida.

Sitharaman pushes shipping ministry for faster monetisation of select projects

NMP estimates aggregate monetisation potential of Rs 6 lakh crores through core assets of the Central Government, over a four-year period, from FY2022 to FY2025.

Route Mobile signs partnership with Vodafone Idea to provide A2P SMS Monetization Solutions

Within this agreement, Route Mobile will deliver A2P monetisation solutions to VIL. This will involve the deployment of Route Mobile's AI/ML-powered analytical firewall solution and an SMS Hub on the VIL network

Modi govt @ 9 |4 ministers, a pandemic and 3 airlines nearly down, Indian aviation still flies

The growth in India's aviation sector over the last nine years has not been a cakewalk. As many as four ministers have led the Ministry of Civil Aviation and three airlines have nearly collapsed during the period

Value unlocking plan still on for renewable energy arm, says NTPC

This comes more than a month after Malaysia's Petroliam Nasional Berhad (Petronas) withdrew its offer for a 20 percent stake in NTPC Green Energy Ltd.

Govt to fall short on FY23 target despite revving up highway construction during Jan-Feb

Collectively 8,064 km of national highways have been constructed in 2022-23 till February, which makes it nearly impossible for the government to meet its target of 12,000 km by the end of March.

NHAI plans to award 1,000-1,500 km of projects under BOT model in 2023-24

In the current financial year, NHAI had initially planned to award 600-1,000 km highway stretches through the BOT model and managed to award projects of around 650 km, an NHAI official said.

Delhivery to create revenue stream from its drone delivery tech in FY23-24: CEO

This comes as the firm is awaiting approvals and more clarity on the norms of using drones for delivery from the Directorate General of Civil Aviation.

More stability and clarity emerging in fintech regulation: CRED founder Kunal Shah

CRED will focus on leveraging its community and brand to make money through a slew of products, Shah said.

ONGC to reverse oil, gas output decline; sees 18% jump in production in FY25

Oil and Natural Gas Corporation (ONGC) in fiscal 2021-22 produced 21.707 million tonne of crude oil, which is refined to produce petroleum products like petrol and diesel, and 21.68 billion cubic metre (bcm) of natural gas, which is used to produce electricity, manufacture fertiliser and as CNG in automobiles.

PLI scheme attracted Rs 45,000 crore investment, created 3 lakh jobs: NITI Aayog CEO

The government has rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advanced chemistry cell and speciality steel.

Asset monetisation needs greater government push to realise potential

The government could create a central body that could monitor the progress of monetisation of assets across industries, while also assisting ministries in identifying and addressing hurdles in undertaking the process Pranav Sayta & Shalini Mathur

Adani Group to acquire Macquarie's portfolio of roads for Rs 3,110 crore

Adani Road Transport, a subsidiary of Adani Enterprises, will acquire Gujarat Road and Infrastructure Company and Swarna Tollway for around Rs 3,110 crore from Macquarie Asia Infrastructure Fund

NHAI optimistic about meeting asset monetization target of Rs 20,000 crore in FY'23: Chairperson

Kolkata, May 18 The National Highways Authority of India (NHAI) is optimistic about meeting the asset monetisation target of Rs 20,000 crore in the ..

Economic Survey 2022: Govt sets up NLMC to fast-track monetisation of public sector entities' land

So far, central public enterprises have referred 3,400 acres of land and other non-core assets for monetisation to NLMC, the survey said.

NHAI plans to bid out more public private partnership projects through BOT route: Sources

In the current financial year, NHAI had initially planned to award 450 km of road projects through the BOT model but is likely to exceed its set target, one company official said, with 15-20 percent of total projects being under this mode in 2022-23.

Air India's shareholders approve transfer of four subsidiaries to Air India Assets Holding

The shareholders of Air India have approved the transfer of Air India Air Transport Services Ltd., Airline Allied Services Ltd, which runs Alliance Air, Air India Engineering Services Ltd, and Hotel Corporation of India to AIAHL.

Monetisation avenues open up for Indian short video apps, ad revenues triple in 6 months

Live commerce and live stream gifting are gaining traction in India. While live commerce is nascent in India with gross merchandise value at $100 million, it is expected to grow to $4 billion by 2025 and over $25 billion in 2030 led by short-form video platforms.

Rs 1,57,339,00,00,000: Taxpayer’s bill for Air India 2010-21