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Business Standard

Motilal Oswal Foundation pledges Rs 130 cr to IIT-B for academic upgrade

Amount to be used for upgrading academic facilities and research infrastructure

Business Standard

Motilal Oswal Foundation pledges Rs 130 cr to IIT-B for academic upgrade

Amount to be used for upgrading academic facilities and research infrastructure

Business Standard

Brookfield likely to add more to $13 bn it has bet on India infrastructure

Toronto-based Brookfield has nearly $29 billion of assets across infrastructure, real estate, renewable and private equity investments in India

The Economic Times

You cannot have a system which gets hacked: FM Nirmala Sitharaman to banking sector

Finance Minister Nirmala Sitharaman emphasized the crucial role of the banking sector in achieving India's goal of becoming a developed nation by 2047. Speaking at the Bank of Maharashtra's 90th Foundation Day, she highlighted the need for strong support to infrastructure, MSMEs, and digital banking while ensuring robust cybersecurity measures.

The Economic Times

BITS Pilani gets $1 mn endowment fund from alumni couple

BITS Pilani has received a $1 million endowment from alumni Ravinder Kumar Bhat and Sumita Desarkar, increasing the total commitment to over $18 million. The fund aims to support institutional growth, innovation, and infrastructure enhancements. This contribution is part of a proposed $100 million endowment fund for the institute's development.

CNBC TV18

Macrotech Developers plans to acquire Ivanhoe's stake in three entities for ₹239 crore

Macrotech Developers Share Price | After the acquisition of stake Macrotech Developers’ stake in Bellissimo Digital Infrastructure Development Management Pvt Ltd will increase to 70%. Similarly, Macrotech’s shareholding in Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd, will increase to 66.67% in both the companies.

The Economic Times

Nearly half of India's public infra at risk due to the impacts of climate change and urbanisation: Report

India faces a rise in natural and man-made disasters, impacting the economy and development. With 50% of public infrastructure lacking disaster planning, experts emphasize the need for smart facilities management using IoT, AI, and machine learning to enhance resilience and sustainability.

The Economic Times

Reliance Power, Reliance Infrastructure shares rise up to 7.5%; what’s driving the gains?

Reliance Power has announced the settlement of obligations amounting to Rs 3,872.04 crore concerning the guarantee for lenders VIPL. The company also reported that all disputes with CFM Asset Reconstruction have been resolved, and it has pledged 100% of VIPL's shares to CFM in exchange for the release and discharge of the guarantee provided by Reliance Power.

Mint

JSW INFRASTRUCTURE share are down by -2.81%, Nifty up by 0.55%

JSW INFRASTRUCTURE Share Price Today on 19-09-2024: On the last trading day, JSW Infrastructure opened at ₹338.6 and closed at ₹328.65. The stock reached a high of ₹340.6 and a low of ₹328.6 during the day.

Business Standard

Macrotech acquires additional stake in digital infrastructure platform entities for Rs 240 crore

Macrotech Developers said that it has executed securities purchase agreements with Ivanhoe Warehousing India Inc. for acquisition of their interest in the digital infrastructure platform entities in Maharashtra for Rs 239.56 crore.

The Economic Times

Macrotech Developers buys out Ivanhoé Cambridge’s stake in 3 joint en

Realty developer Lodha, listed as Macrotech Developers, has acquired Ivanhoé Cambridge's stake in three joint entities for Rs 239.56 crore. This move aligns with Lodha's strategy to grow its annuity income. The acquisition increases Lodha's stakes in Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1.

The Economic Times

PM E-DRIVE to boost EV adoption: HD Kumaraswamy

The PM E-DRIVE Scheme, announced by Union Heavy Industries Minister HD Kumaraswamy, aims to boost electric vehicle adoption through incentives and charging infrastructure development. This initiative follows the success of the FAME scheme and seeks to reduce environmental impact, improve air quality, and strengthen the EV manufacturing industry.

The Economic Times

Highways Infra Trust highest bidder for Bundle 16 under TOT

Highways Infrastructure Trust has emerged as the highest bidder for monetising the 251.5 km toll operate transfer Bundle 16 under the National Highways Authority of India. The trust offered 6,661 crore for the project, which includes the Hyderabad-Nagpur corridor. The NHAI is expected to issue the letter of award soon.

The Economic Times

'Mobile towers' redefined in right of way guidelines

The telecom department has redefined 'mobile tower' in its new right of way rules, separating them from the property they are on. This move exempts towers from property tax and streamlines permissions for infrastructure projects, aiding faster 5G deployment and network densification.

Business Standard

Nearly 50% of public infra unprepared for disaster management: CBRE

Nearly 50 per cent of public infrastructure in India is unprepared for disaster management, according to a survey by CBRE. The survey findings were released at a joint 'Infrastructure Management Conference 2024' organised by CBRE and Confederation of Indian Industry (CII) here. On Wednesday, real estate consultant CBRE said as per its survey on select large infrastructure assets on risk management parameters, "nearly 50 per cent of the public infrastructure in India is unprepared for disaster planning and management and needs greater attention". "India is grappling with a significant increase in both natural and man-made disasters, posing a threat to the economy, population and long-term sustainable development," the consultant said. The vulnerability to disasters is further exacerbated by a confluence of factors, including changing demographic and socio-economic conditions, unplanned urbanisation, development within high-risk zones, environmental degradation, climate change, and .

CNBC TV18

Anil Ambani's Reliance Infrastructure and Reliance Power slash debt by a cumulative ₹7,220 crore

In a major move, Reliance Infrastructure Ltd and Reliance Power Ltd have slashed their combined debt by ₹7,220 crore. Reliance Infrastructure reduced its external debt from ₹3,831 crore to ₹475 crore, aided by securities novation and debt settlement with lenders.

The Economic Times

Nearly 50pc of public infrastructure unprepared for disaster management: CBRE survey

A survey by CBRE reveals that nearly 50 per cent of public infrastructure in India is unprepared for disaster management. The findings, released at the Infrastructure Management Conference 2024, highlight the need for improved risk management to address increasing natural and man-made disasters, which threaten the economy and sustainable development.

Business Standard

AM/NS India invests nearly Rs 1,000 crore in new value-added product line

AM/NS India mentioned that it is already in advanced discussions to supply Magnelis to key players in India's renewable energy and infrastructure sectors

Business Standard

AM/NS India invests nearly Rs 1,000 crore in new value-added product line

AM/NS India mentioned that it is already in advanced discussions to supply Magnelis to key players in India's renewable energy and infrastructure sectors

The Economic Times

Reliance Infra pares debt to Rs 475 crore after settlement with ARCs, LIC

Reliance Infrastructure Ltd, controlled by Anil Ambani, has significantly reduced its debt from Rs 3831 crore to Rs 475 crore after settling dues with multiple creditors. The company cleared outstanding amounts with Invent Assets Securitisation and Reconstruction, LIC, Edelweiss Asset Reconstruction Company Limited, ICICI Bank, Union Bank, and other lenders.

Business Line

Ticket9 raises funding from actress Nayanthara and director Vignesh Shivan

Event tech start-up plans to leverage the latest investment to strengthen its tech infrastructure and expand market reach

The Economic Times

Tata, Analog Devices to explore opportunities for semiconductor manufacturing in India

Tata Group and Analog Devices have partnered to explore semiconductor manufacturing opportunities in India. Tata Electronics, Tata Motors, and Tejas Networks signed an MoU with ADI to enhance cooperation and use ADI's products in Tata applications like electric vehicles and network infrastructure. This collaboration aims to boost India's electronics manufacturing ecosystem.

Mint

Mid-cap Stock: Responsive Industries expects strong growth due to India's infrastructure plans; Ventura sees 48% upside

Responsive Industries expects significant growth due to India's infrastructure plans, with Ventura Securities initiating a buy rating and a target price of ₹436, indicating a potential 48% upside. The company is positioned to supply PVC membranes for 75 tunnel projects funded by ₹1 lakh crore.

Hindustan Times

Anil Ambani breathes sigh of relief as his company pays over ₹3300 crore debt

Reliance Infrastructure reduced its standalone external debt from ₹3,831 crore to ₹475 crore. The company's shares rose 7% to ₹252.15.

Business Standard

Reliance Infra rises 8% on paring debt, resolving power business dispute

Reliance Infrastructure has cleared its dues to LIC, Edelweiss Asset Reconstruction Company, ICICI Bank, Union Bank, and other lenders, apart from resolving disputes related to the transfer of its Mum

Business Standard

Reliance Infra settles Rs 235 cr debt with Edelweiss and Rs 600 cr with LIC

Reliance Infrastructure has brought down its external debt liability to Rs 475 crore. The company's net worth now stands at approximately Rs 9,041 crore

Mint

JSW INFRASTRUCTURE share are up by 0.72%, Nifty up by 0.22%

JSW INFRASTRUCTURE Share Price Today on 18-09-2024: On the last trading day, JSW Infrastructure opened at ₹337.5 and closed slightly higher at ₹337.95. The stock reached a high of ₹344.95 and a low of ₹332.75 during the day, indicating some volatility.

The Economic Times

Much-needed good news for Anil Ambani as Reliance Infra slashes debt from Rs 3,831 cr to Rs 475 cr

Reliance Infrastructure Limited has significantly reduced its standalone external debt from Rs 3,831 crore to Rs 475 crore. The company cleared dues to key financial institutions and entered a One Time Settlement with LIC. This reduction boosts Reliance Infra's net worth to approximately Rs 9,041 crore.

Mint

Reliance Infra share price rises 5% on settlement of dues to Edelweiss Asset Reconstruction Company

Stock Market Today: Reliance Infrastructure share price gained 5% in the opening trades on Wednesday. The company has settled and paid its entire obligations with Edelweiss Asset Reconstruction Company Limited (Edelweiss) with respect to the Non Convertible Debentures issued by the Company

Business Standard

Reliance Infrastructure settles its disputes with Adani Electricity Mumbai and Adani Energy Solutions

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The Economic Times

Microsoft, BlackRock to launch $30 billion fund for AI infrastructure

BlackRock and Microsoft are set to launch a $30 billion fund to invest in AI infrastructure, including data centers and energy projects. The Global AI Infrastructure Investment Partnership aims to enhance AI supply chains and energy sourcing, with Nvidia providing expertise. The fund could mobilize up to $100 billion with debt financing.

The Economic Times

City gas distribution cos' stocks jump on UBS’ bullish outlook

UBS said that the city gas space is at a critical point where smaller entities are turning sellers and strategic partners due to issues such as non-performance from new/small entities, infrastructure-commitment defaults, gas-sourcing challenges and capital constraints. that consolidation of smaller players in the city gas space.

The Economic Times

Centre is helping states meet green energy goals, says Union Renewable Energy Minister Joshi

The Centre is collaborating with states to meet green energy targets by addressing issues related to central schemes and infrastructure. States committed to 540 GW of renewable capacity by 2030, while companies pledged ₹32.45 lakh crore investments. Key concerns include transmission lines and project financing, with significant commitments from banks and financial institutions.

Business Standard

India should come up with bio-plastics policy with govt support: Report

India should come out with a national bio-plastics policy with fiscal incentives like capital subsidy as well as government support for research & development, according to a report. The report titled Incentivising Bioplastics, a Biopolymer' by EY and ASSOCHAM outlines a strategic vision for transforming India's bio-plastics industry through targeted government interventions and regulatory changes along with educational campaigns and leveraging India's agricultural strengths to enhance sustainability and environmental performance. To establish India as a premier hub for production of bio-plastics, the report calls for comprehensive National Bio-Plastics Policy in India. It suggested fiscal incentives like capital subsidies of up to 50 per cent on eligible capital investments over five years to encourage the development of bioplastics manufacturing and infrastructure. The report also called for regulatory framework mandating use of bio-plastics, implementing QCOs (quality control ..

Business Standard

Govt implements many farmer-friendly policies in first 100 days: Amit Shah

The government has implemented several farmer-friendly policies in its first 100 days of the third term with focus on improving agricultural productivity and exports, Cooperation Minister Amit Shah said on Tuesday. Addressing a press conference on the completion of 100 days of the Modi 3.0 regime, Shah said the government has implemented policies worth Rs 15 lakh crore across 14 sectors. Listing works initiated for the welfare of the farmers, he also said the Modi government has launched the agriculture fund to support startups and rural enterprises, driving agricultural innovation. The minister said the Agriculture Infrastructure Fund has been expanded to enhance agricultural infrastructure and support to farmers, and Rs 14,200 crore has been allocated across seven schemes to improve farmers' lives and livelihoods. The minister highlighted key achievements in the farm sector, including the disbursement of Rs 20,000 crore to 9.3 crore farmers under the Pradhan Mantri Kisan Samman .

The Economic Times

Enterprise-focused data infrastructure startup e6data raises $10 million led by Accel

California-and Bengaluru-based data infrastructure startup e6data will use these funds to double down on R&D, acquire more clients and scale its hiring. Founded in 2021, e6data has created a hyper-performance computation engine for data intelligence platforms and offers its solution as a managed service for enterprises.

The Economic Times

Technical Breakout Stocks: Mahanagar Gas, Policy Bazaar and Britannia Industries hit fresh record highs on Tuesday

Sector-wise, buying interest was observed in auto, utilities, consumer durables, telecom, and realty, while metal, infrastructure, and capital goods faced selling pressure.

Business Standard

Increase in airfare not linked to rise in airport charges, says ACI

Airport charges are an important element of the commercial aviation ecosystem for infrastructure development and increase in airfares is not linked to a rise in the charges, according to the Airports Council International (ACI). Against the backdrop of the International Air Transportation Association (IATA) flagging concerns over a steep rise in airport charges, ACI also said that the charges will remain a critical source of revenue for airports. "Airport charges are an important element of the commercial aviation ecosystem for infrastructure development. Failing to address the capital expenditure requirements to accommodate the projected growth could have serious socio-economic consequences," Stefano Baronci, Director General, ACI Asia Pacific & Middle East, said. In a statement to PTI, he noted that airports are highly infrastructure-intensive businesses, with their cost structures dominated by significant fixed costs for the operation and upkeep of essential infrastructure such

The Economic Times

Airfare hike not linked to rise in airport charges: Airports Council International

Airport charges are crucial for infrastructure development in aviation, says Airports Council International (ACI). Despite concerns from the International Air Transportation Association (IATA) about rising charges, ACI maintains that these fees are vital for airport revenue and do not significantly impact airfares. India's rapid aviation growth highlights the importance of maintaining infrastructure investment.

Mint

Ahluwalia Contracts gets an upgrade from Axis Securities; 3 reasons why the brokerage is bullish on the stock

Ahluwalia Contracts India has a robust order book of ₹16,846 crore, ensuring strong revenue growth for the next 3-4 years. Axis Securities upgraded the stock rating to 'buy' due to positive government infrastructure focus and anticipated high double-digit growth in FY25 and FY26.