Daily Archives: October 10, 2017

Coal India workmen unions sign agreement for a 20% salary hike

Four workmen unions of Coal India finally settled for a 20% hike in salaries along with a 4% rise in dearness allowance on Tuesday. An agreement to this effect has been signed by the unions and the Coal India management on Tuesday. The hike is salaries is expected to result in an additional outgo that

Moody’s assigns Ba1 rating to GMR’s Hyderabad Airport

Moody’s Investors Service has assigned a first-time corporate family rating of Ba1 to GMR Hyderabad International Airport Limited (GHIAL) and the outlook for the rating is stable. GHIAL has a long-term concession to operate Hyderabad airport, which is one of the leading airports in India. “The Ba1 corporate family rating primarily reflects GHIAL’s strong market

Reliance Infra, Adani Transmission in talks for integrated Mumbai power biz

Reliance Infrastructure has entered into a period of exclusivity with Adani Transmission for proposed sale of its integrated business of generation, transmission and distribution of power for Mumbai. In a regulatory filing on Tuesday, Reliance Infrastructure said, “It has entered into a period of exclusivity until January 15, 2018, in relation to discussions for the