GMR Infrastructure’s indirect subsidiary — GMR Hyderabad International Airport (GHIAL) has entered into a definitive Share Purchase Agreement for acquiring the entire equity and preference shares held by Menzies Aviation Cargo (Hyderabad), Mauritius in Hyderabad Menzies Air Cargo (HMACPL) at a total consideration of Rs 59.75 crore. Post-acquisition of the aforesaid shares, HMACPL will be … Read more
IDFC and its subsidiaries — IDFC Financial Holding Company (IDFC FHCL) and IDFC Infrastructure Finance (IDFC IFL) — have entered into a definitive agreement with National Investment and Infrastructure Fund II (NIIF II). Pursuant to the said Agreement, NIIF II shall acquire controlling interest in IDFC IFL from IDFC FHCL. IDFC is the country’s leading … Read more
Garden Reach Shipbuilders & Engineers has entered into a contract with the Government of India (GoI), Ministry of Defence, for construction and delivery of number 04 Survey Vessels (Large) at an estimated cost of Rs 2,435.15 crore, under fixed price basis. The 1st ship is to be delivered within 36 months from the contract signing … Read more
NTPC has reportedly entered into a contract with the Indian Railways for transportation of coal from mines to all its plants through fiscal 2020. The contract is for Rs 10,000 crore inclusive of GST. The company will pay the Indian Railways a freight advance towards payment of transport of coal for FY18-19 and FY19-20. First … Read more
Intellect Global Transaction Banking (iGTB), the transaction banking division of Intellect Design Arena, and PPI AG, the leading software product company in Europe have entered into partnership to provide advanced end-to-end integrated solutions for transaction banking localised for the needs of German and French banks. With the average IT spent in Europe expected to increase … Read more
Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena, has entered into a collaboration agreement with Bolero International, the world’s premier trade digitization experts, with goals to make trade safer, smarter and faster. Both firms are looking at exploring developments of digitally-led commercial trade and supply chain finance business … Read more
Satin Creditcare Network has entered into a strategic Business Correspondent (BC) partnership with IndusInd Bank. Till date, the company has disbursed more than Rs 200 crore across Bihar, West Bengal, Uttar Pradesh, and Rajasthan under this partnership, and is looking forward to the opportunity to scale up in the short term. The company has also … Read more
