Besides creating thousands of jobs through this initial initiative, the JV will fulfil the dream of many young entrepreneurs to promote more such Startups in the country and create millions of jobs in the years to come.
The Ministry will start the operations through potential airline operators under a Special Purpose Vehicle (SPV) framework, which will be implemented and executed through Sagarmala Development Company Ltd (SDCL).
"Rejuvenation of river Yamuna is an important function and DDA cannot shy away from its statutory responsibility. Yamuna rejuvenation can be model for rejuvenation of 351 river stretches in the country given its location in the national capital territory where all expert authorities and funds are available," the green tribunal said.
PFC Consulting Ltd (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation (PFC), the non-banking finance company under the Ministry of Power.
The Income Tax (I-T) department, as part of a special investigation and audit into the account books of the Sahara Group’s Aamby Valley Limited (AVL), has slapped a Rs 24,646-crore tax demand and penalty R
Engineering company IRB Infrastructure, on April 25, 2017, became the first firm to announce a public offer in the infrastructure investment trusts (InvITs) space, with a Rs 5,000-crore plus public issue of its fund R
According to a report on real estate investment trusts (REITs) released by Knight Frank, the domestic environment is ripe for listing of REITs, an investment vehicle that invests in rent-yielding completed real estate projects. R
Envisaging an investment of Rs 1 lakh crore in the next five years in the infrastructure sector, the Maharashtra government, on March 18, 2017, proposed to set up a special purpose vehicle (SPV) to R
Air India can count itself lucky every time the government jumped to its rescue â€“ and the carrier has run into rough weather more number of times than it seems normal for a flag-bearer.
After countless huffs and puffs over many years, Hemisphere Properties India Ltd, the government-owned special purpose vehicle that was formed to take over the surplus land of the erstwhile Videsh Sanchar Nigam Ltd (renamed Tata Communications Ltd in 2007), may finally be ready to take off the block.
Putting in place a few more disclosure norms for real estate investment trusts (REITs), Sebi today asked such entities to inform stock exchanges about actual utilisation of the funds raised.
A special purpose vehicle (SPV) will be set up soon by the government, to facilitate Thane‘s transition into a smart city, stated Thane‘s municipal commissioner, Sanjeev Jaiswal. Thane was in the list of cities R
Thane was in the list of cities released last month by Urban Development Ministry in New Delhi, to be developed as Smart Cities.
To contain non-performing assets of banks, the government should empower the boards of public sector banks to deal with bad assets with the help of a special purpose vehicle which can lay broad guidelines for the lenders to take "haircuts", an industry body said
Government gave its nod to a proposal for extension of over nine km for first phase of Chennai Metro rail project at a cost of Rs 3,770 crore.
The Special Purpose Vehicle (SPV) for the smart city project in Bhubaneswar would have paid up capital of Rs 250 crore and authorised capital of Rs 500 crore.
The Union Cabinet approved a proposal for taking up hybrid annuity-based public private partnership (PPP) model under Namami Gange Programme to reform the wastewater sector in India.
The deal of 2015 that stands out the most is the buyout of Mumbai's iconic Lincoln House by the suave deal maker Cyrus Poonawala from the US government worth a whopping Rs 750 crore making it the largest residential real estate deal in the country.
Cairn India's USD 1.25 billion loan to its promoter group, which had spooked investors, was used by Vedanta Ltd to repay another inter-company loan taken for acquisition of the oil company.
"West Bengal government and top six industrialists are working together towards the growth that the state has generated. India has grown by 7.5 percent, West Bengal has grown by 10.48 percent," State Finance Minister Amit Mitra said.
Bhartiya Kisan Union has been staging a protest there. There was a fairly large crowd there on Thursday, but today because it is raining in Delhi, the turnout has been less. These people are demanding that this toll be done away with as far as Noida Toll Bridge is concerned.
The city level forum, that will include NGOs, Chamber of Commerce, women groups, tax payers association will play an important role in the development aspects of these cities.
â€œWith this, the total sum of securitisations completed during FY14 (YTD) is Rs 727.37 crore. The first four substantial securitizations were: Rs 321 crore (on September 30), Rs 80.81 crore (on December 11), Rs 215 crore (on December 19) and Rs 55 crore (on December 30),â€ it said in a statement.
Financial major JP Morgan today said it has invested Rs 530 crore in Andhra Pradesh Expressway, a Special Purpose Vehicle floated by IL&FS Transportation Networks, by subscribing to a bond issue.
In a CNBC-TV18 exclusive, the telecom commission has given the green signal to hive off surplus land belonging to VSNL. CNBC-TV18's economic policy editor Siddharth Zarabi reports that auctioning the VSNL land could be a way for the government to mop up much needed revenues.