15 Aug 2022 Actis to invest over $700 million in India Actis is planning to invest over $700 million or nearly Rs 5,500 crore to build and develop assets under its platform focused on providing real estate to tenants in the life sciences and related sectors in India.
15 Aug 2022 BMRCL to launch FOBs at three metro stations Bangalore Metro Rail Corporation (BMRCL) is soon going to construct foot overbridges (FOB) at three different Metro stations that are Yeshwanthpur Metro station and Nagasandra which are on the Green line, and Jnanabharathi station on the Purple line.
15 Aug 2022 NIIF invests $300 million in DP World container terminal subsidiary National Investment and Infrastructure Fund (NIIF) has invested $300 million or Rs 2,250 crore for a 22.5 per cent stake in Hindustan Ports, a local arm of UAE’s DP World. This is the single largest investment by NIIF’s master fund and takes the vehicle’s total investment in DP World’s India arms to $500 million.
15 Aug 2022 Government spending Rs 1,900 crore for ferry projects Ministry of Ports, Shipping and Waterways is financially supporting 45 Ro-Ro (roll-on-roll-off) ferry projects with total cost of Rs 1,900 crore. The ministry has operationalised Ro-Pax (roll-on-roll-off passenger) ferry service between Ghogha-Hazira in Gujarat and Mumbai- Mandwa in Maharashtra.
15 Aug 2022 500 water ATMs to be set up in Uttarakhand The drinking water and sanitation department of Uttarakhand will install more than 500 “water ATMs” across the state, especially on Char Dham routes, to reduce use of bottled water packed in plastic bottles that pose dangers to the environment
15 Aug 2022 Petronas, Microsoft to setup 100-MW solar project in Rajasthan Malaysia-based oil and gas firm, Petronas, through its subsidiary Amplus Solar, has entered into a longterm renewable energy agreement with Microsoft for a 100-megawatt (MW) solar project in Rajasthan. The project is currently under development by Amplus Solar.
15 Aug 2022 World Bank approves $165 million rooftop solar projects The World Bank has approved $165 million in additional financing to accelerate the adoption of rooftop solar by residential consumers by making it more affordable. The initiative is expected to reduce greenhouse gas (GHG) emissions by 13.9 million tonne
21 Jul 2022 Tata Motors signs MoU for Ford India’s Sanand plant The Gujarat government has given its green light to Tata Motors to take over Ford India’s passenger car plant in Sanand. The company would continue to enjoy the incentives that were extended to Ford India.
21 Jul 2022 M&M to invest Rs 15,300 crore to fortify position in auto, farm eqpt and Evs Mahindra and Mahindra (M&M) will incur a capital expenditure of Rs 15,300 crore in the auto, farm equipment, and electric vehicle (EV) businesses over 2022-24. Of this, it has already pumped in Rs 3,200 crore in FY22, while the remaining Rs 12,100 crore will be invested during FY23 and FY24.