India’s biggest gas utility is considering acquiring all of the wind energy assets held by a subsidiary of a troubled shadow bank, according to people familiar with the matter. GAIL India Ltd. is looking to buy 775 megawatts of wind energy assets from IL&FS Energy Development Co., a unit of Infrastructure Leasing & Financial Services […]
Day: November 16, 2018
GVK Power and Infrastructure gets shareholders’ nod to raise Rs 80 billion
GVK Power and Infrastructure on Friday said that it has got shareholders’ approval to raise up to Rs 80 billion. The resolution to raise the funds, by a combination of various options listed on the agenda of the annual general meeting (AGM) held on Wednesday, has been passed by the requisite majority, the firm stated […]
Indonesia jet crash: Boeing sued by victim’s family over defective design
The family of an Indonesian man killed in a Lion Air jet crash is suing Boeing, alleging that the accident may have been caused by a problem with the flight-control system in its newest 737 plane. The father of Rio Nanda Pratama filed the lawsuit on Wednesday in the US state of Illinois, where the […]