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Tuesday, 14 February 2017

Reliance Defence and Engineering signed an agreement with the American Navy for repair and alteration services for warships of the largest forward-deployed Seventh Fleet operating in the region.

Suzlon Energy has divested 49% stake in solar power projects totalling 210mw and is in advanced talks to sell stake in another 130mw projects in a deal that the company aims to close before March. 

The government plans to divest up to 10% in Coal India by August, a move that will help it earn about Rs200bn ces and reduce its stake to 69%. L&T entered into a joint venture with European defence major MBDA Missile Systems for development of missiles in India.

After successfully rolling out world’s longest rail line, Steel Authority of India Limited (SAIL) is now planning to build a 520-metre-long rail line.  

Mumbai International Airport Ltd (MIAL), the GVK-owned consortium running the Mumbai airport has won the bid for the much-delayed, discussed and debated Rs160 bn airport project coming up in Navi Mumbai.  

Dena Bank is in talks with few insurance companies to raise capital.
Infosys in its 33 years of existence, has for the first time recorded negative growth in employee hiring this financial year (FY). 
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