Tag Archives: billion

The 82-kilometer Delhi–Meerut regional rapid transit system (RRTS) network is the first of three priority rail corridors in the country’s integrated transport network under the NCR Regional Plan 2021.  Financing for the project will be implemented in four tranches between August 2020 and May 2025. The Government of India will …

Foreign currency assets, a major part of the overall reserves, rose by USD 1.464 billion to USD 492.293 billion.  In the previous week, the reserves had increased by USD 11.938 billion to end at USD 534.568 billion.  Gold reserves went up by USD 2.160 billion to end at USD 39.785 …

Foreign currency assets, a major part of the overall reserves, increased by 10.347 billion dollars to 490.829 billion dollars. In the previous week, the reserves had swelled by 4.993 billion dollars to end at 522.630 billion dollars.   Reserve Bank of India Governor Shaktikanta Das has said that the reserves …

Bharti Airtel is planning to pre-pay $1.5 billion debt with its subsidiary Bharti Airtel International (Netherlands), using the proceeds it got from six global entities investing in its Africa unit. This offer has been made with a view to pro-actively manage its capital structure, reduce gross debt and leverage by …

Six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have completed investment of $1.25 billion in Bharti Airtel’s UK incorporated subsidiary — Airtel Africa. This investment demonstrates the confidence of leading global investors in the company’s ongoing robust growth and profitability. The investment also reinforces …

Six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have agreed to invest $1.25 billion in Bharti Airtel’s UK incorporated subsidiary — Airtel Africa, through a primary equity issuance in the company at a post money equity value of $4.4 billion. This investment demonstrates the …

India’s draft National Policy on Electronics (NPE) released by the Ministry of Electronics and Information Technology (MeitY) has set an ambitious target of creating a $400 billion electronics manufacturing industry by the year 2025, with mobile devices segment accounting for three-fourths of the production. The proposed policy aims to double …

Tata Consultancy Services’ (TCS) ‘Billion Steps Challenge’ has received an overwhelming response, with over 200,000 participants across the globe registering and collectively logging a record three billion steps. At over 2.4 million kms, this distance is equivalent to three return trips to the moon, or going sixty times around the …

The amount has been released towards reimbursement of 1st tranche of housing support to 42,086 Govt of India supported beneficiaries in Nuwakot and Gorkha districts. As part of India’s commitment towards Nepal’s post-earthquake reconstruction, both the countries had signed a Memorandum of Understanding (MoU) for US$ 100 million grant to …

United States retail giant Walmart will buy 77% stake in India’s Flipkart for 16 billion dollars.   Walmart’s Krish Iyer will be the CEO of the company which will continue to be based out of Bengaluru. Walmart and Flipkart will remain separate brands and the Indian e-commerce company will have …

The World Heritage-listed site, which attracts millions of tourists, is reeling from significant bouts of coral bleaching due to warming sea temperatures linked to climate change. The reef is also under threat from the coral-eating crown-of-thorns starfish, which has proliferated due to pollution and agricultural runoff. Prime Minister Malcolm Turnbull …

13/3/2018 – Revolution Precrafted, a unicorn startup that is based in the Philippines has just signed a landmark US$3.2 billion deal to manufacture luxury apartments and hotel villas in Dubai’s famous The World Islands. Located four kilometers off the coast of Dubai, the World Islands is a groundbreaking development that …

In the rush to deliver smart devices to the masses, most manufacturers have failed the security test, leaving both users and devices exposed to hackers. 2016 has been a wake-up call for device makers. The real battle begins now. 30 billion devices will be connected to the Internet by the …