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CONSORTIUM OF PSU FIRMS
RailTel ties up with tech firm to monetise Wi-Fi project covering over 6,100 stationsUnder the contract, the revenue will be generated by monetizing Wi-Fi footfalls in one of the world's largest integrated public Wi-Fi netwo...- Train Set project: Chinese, Japanese cos among 7 consortiums in raceA total of 14 companies have submitted applications for participating in the bid for procuring 15 EMU train sets, a first for Indian Railwa...
- SAIL-RINL-NMDC to form special purpose vehicle to buy Rio Tinto Mozambique's assetsConsortium members of International Coal Ventures Ltd - SAIL, RINL and NMDC - will form a special purpose vehicle to buy Rio Tinto's Mozamb...
- SBI, PNB and IDBI may soon begin process to declare Kingfisher Airlines as wilful defaulterVijay Mallya-promoted Kingfisher Airlines has an outstanding debt of about Rs 4,022 crore to a consortium of banks, led by SBI.
- Coal India to foray into fertiliser, chemical productionCoal India has decided to amend its memorandum of association for foraying into the business of producing fertilisers and chemicals using c...
- Coal India to foray into fertiliser, chemical production; to amend it's MoA very soonCIL has decided to amend its memorandum of association (MoA) for foraying into the business of producing fertilisers and chemicals using co...
- ICVL close to buying Poland mine for Rs 3500 crore in maiden dealICVL, a consortium of PSU firms for buying mines abroad, is close to clinching its maiden deal and is in advanced stages of an acquisition ...
- SBI taking all steps to recover money from KingfisherThe lead banker to Kingfisher Airlines, SBI today said it is taking all steps to recover the loan provided to the grounded carrier.
- Received 2 proposal of coal mines in Indonesia: ICVL tells Coal IndiaICVL has said it has received two proposals of thermal coal mines in Indonesia and is also examining a coal asset in Mozambique.
- RINL asked to scout for mines abroad; ICVL's fate uncertainThe Steel Ministry asked Rashtriya Ispat Nigam (RINL) to independently scout for mines abroad, a development that is likely to impact ICVL,...
- Form groups to lend over 150 crore: FinMin tells banksThe move is aimed at inducing stronger credit discipline among borrowers and preventing them from taking undue advantage of lenders.
- Bank bad loans a concern, effort on to fix it: DK Mittal, Financial Services SecretarySome banks have farm NPAs of less than 1%, but some others have 9%. It is a clear indication that we have not been able to follow it up pro...
- Zain sale delayed, but still on trackThe Indo-Malaysian consortium, led by the Delhi-based Vavasi Group - which had entered into an agreement with Kuwaiti telco Zain in Septemb...
- BSNL won't join consortium to buy 46% in Kuwait’s Zain for nowState-run telecom operator, Bharat Sanchar Nigam (BSNL), on Wednesday officially confirmed that it had put on hold its plans to join a Vava...
- Vavasi to approach BSNL for due diligence of ZainVavasi group on Wednesday said it would approach Government-owned BSNL and MTNL to join in doing due diligence of Kuwait's Zain Telecom.
- BSNL looks to hold direct talks with Zain for controlling stakeState-owned telco BSNL on Friday said it plans to enter into direct talks with Zain to acquire a controlling stake in the Kuwaiti firm if t...
- MTNL's FY10 capex at Rs 1,722 cr; Suntel buy-out on backburnerState-run MTNL is likely to draw a capex of a little over Rs 1,700 crore in the current fiscal on network expansion, broadband and new init...
- Sterlite-Morgan close to acquire 26% in IFCISources close to the development said that the Sterlite-Morgan consortium has bid a minimum of Rs 107 for a share of IFCI. Ten penny-pinchi...
- MTNL to develop IT parksState-owned MTNL is diversifying its business to venture into developing IT parks.
- Left clears runway for airport privatisationPolicy wrangling over private participation in airport modernisation appear to be at an end, with the Manmohan Singh government enlisting t...
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