India’s attempt to bridge its infrastructure investment gap through the marque toll-operate-transfer (TOT) highways model has gained traction with Brookfield, Macquarie Group, and a joint venture between Holland’s Roadis and National Infrastructure and Investment Fund (NIIF) placing their bids for the 648km offered in the first tranche.
Andrew Ng is one of the world’s foremost experts on Artificial Intelligence (AI). He is currently co-chairman and co-founder of the online learning platform, Coursera, and an adjunct professor at Stanford University’s Computer Science Department.
Royal Dutch Shell Plc, the world’s second-biggest publicly traded oil company, plans to acquire a majority stake in Hyderabad-based rooftop solar firm Fourth Partner Energy, two people aware of the development said.
CLP India Pvt. Ltd, one of the largest foreign investors in the Indian power sector, is interested in acquiring Essel Infraprojects Ltd’s power transmission business at a potential valuation of around $1 billion.
Bharat Petroleum Corp. Ltd (BPCL) plans to raise $200 million to fund the acquisition of a 3% share in the Lower Zakum Concession, Offshore Abu Dhabi, two people aware of the development said.
Aditya Birla Group on Wednesday said it will invest Rs25,000 crore in Uttar Pradesh over the next 5 years across various sectors.
Directorate General of Hydrocarbons (DGH) may be rethinking its plan to sell 60% stake in hydrocarbon blocks held by Oil and Natural Gas Corp. Ltd (ONGC) and Oil India Ltd (OIL), two people familiar with the development said.
Lobby group Society of Manufacturers of Electric Vehicles (SMEV) plans to meet top government officials to seek clarity on the government’s position on electric vehicles, days after roads minister Nitin Gadkari said there was no need for such a policy.
French development bank AFD has shown interest to fund €100 million (around Rs800 crore) for India’s smart cities mission, a finance ministry official has said.
Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned unit of Reliance Industries Ltd (RIL), will buy a 65% stake in the Indian Film Combine Pvt. Ltd for Rs1,105 crore, the company said in a stock exchange filing.