Adani Enterprises Ltd has shelved a plan to raise as much as 10 billion rupees ($122 million) via its first-ever public sale of bonds following a market rout, according to people familiar with the matter. The flagship firm of Indian billionaire Gautam Adani’s empire had planned the public note issuance for January, working with Edelweiss […]
Category: The Indian Express
Indian Express
Adani mixed bag: S&P outlook negative, Fitch & Moody a little positive
After days of freefall, Friday brought mixed news to the Adani Group reeling under the impact of the Hindenburg report and the cancellation of its FPO. Without naming anyone, the Reserve Bank of India (RBI) said Friday, a day after it asked banks for details on their Adani exposure, that the banking sector remains resilient […]
PM Modi in Karnataka: Green signal for slew of projects on agenda
In the first of four visits to poll-bound Karnataka in February, Prime Minister Narendra Modi will unveil, lay the foundation stone and dedicate to the nation a slew of projects in the Tumakuru region of the state on Monday. Karnataka goes to polls in April 2023. The PM will arrive in Bengaluru on Monday morning […]
G-20 meetings: Improving energy storage key to adopt renewable sources, says Union Power Minister Singh
Improving energy storage and ensuring energy security will be key in ensuring global economies’ shift from fossil fuels to renewable energy sources, Union Minister of Power, and New and Renewable Energy R K Singh said Sunday. While delivering the keynote address at the first Energy Transitions Working Group Meeting of G20 nations, Singh said a […]
Punjab: After boosting supply last year, PSPCL gears up for summer
Power Minister Harbhajan Singh said that Punjab State Power Corporation Limited (PSPCL) has successfully met the increased power demand in the state through optimum utilisation of its resources, and is gearing up to meet the surge in demand for power during the scorching summer. In a statement on the performance of the PSPCL, the minister […]
Won’t privatise power supply companies, will bring more competition: Singh
The Union government was working at amending laws to bring in more competition among electricity distribution companies (discoms) of various states in the country. Union Minister for Power, and New and Renewable Energy RK Singh said that the proposal was not to “privatise electricity supply companies. What you do is to bring in competition.” He […]
Crash averted at Austin airport; FAA, NTSB to investigate
A FedEx cargo airplane attempting to land at Austin-Bergstrom International Airport on Saturday morning had to change course after a second plane was cleared to depart from the same runway, according to the Federal Aviation Administration.“The pilot of the FedEx airplane discontinued the landing and initiated a climb out,” the FAA said in a statement. […]
All you need to know about Asia’s largest helicopter factory that PM Narendra Modi will unveil in Karnataka on Monday
Prime Minister Narendra Modi on Monday will unveil Asia’s largest helicopter manufacturing facility in Karnataka’s Tumakuru which is also a new greenfield helicopter factory. According to the Prime Minister’s Office, this helicopter factory is Asia’s largest helicopter manufacturing facility and will initially produce Light Utility Helicopters (LUHs). LUH is an indigenously designed and developed 3-ton […]
Foot overbridge at Lalru to facilitate over 2K students
A foot overbridge, which was thrown open in Lalru on Saturday, is set to facilitate around 2,000 students. Mohali Deputy Commissioner (DC) Aashika Jain said the installation process was completed Friday to facilitate the movement of over 2,000 students at the government school in Lalru and residents of over 15 villages in its vicinity. The […]
Advertisement Can Delhi decongest Outer Ring Road?
Travelling between Southeast Delhi and Indira Gandhi International Airport could soon be smooth and signal-free as the Public Works Department (PWD) plans to decongest the Outer Ring Road (ORR) stretch from Modi Mill (Okhla) flyover to IIT Delhi gate intersection, near the flyover. As part of the plan, the department is planning to widen and […]
Work on Mumbai-Goa NH to be done by Feb 2024: Govt
The work along the stretch of the Mumbai-Goa National Highway (NH-66) under it will be completed before February 2024, the Maharashtra government said in its compliance report regarding the widening and upgradation work of the highway submitted before the Bombay High Court earlier this week. The National Highway Authority of India (NHAI), meanwhile, has submitted […]
Boost for ongoing big-ticket infra projects, to be fast-tracked
Brihanmumbai Municipal Corporation’s (BMC) top ongoing infrastructure projects received a big boost in the civic body’s budget 2023-24, with highest allocations for them in comparison to past three years. Even though Municipal Commissioner Iqbal Singh Chahal did not announce any new infrastructure projects, while presenting the budget on Saturday, he committed to fast tracking existing […]