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Adani Transmission to acquire Warora-Kurnool Transmission for Rs 3,370 crore Adani Transmission Ltd (ATL) has signed an agreement with Essel Infraprojects for the acquisition of Warora-Kurnool Transmission Limited (WKTL). ATL said the acquisition is valued at Rs 3,370 crore. With this acquisition, the cumulative network of ATL will reach 17,200 circuit kilometers (ckt km). Out […]
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Govt in the process of setting up National Infra Bank: Finance Minister Union Finance Minister, Nirmala Sitharaman, said that the government is in the process of setting up a national bank for funding infrastructure investments. She stated that creating institutional structures, big thrust on monetising assets, and enhancing the share of capital expenditure in central […]
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Nitin Gadkari announces vehicle scrappage policy in Lok Sabha  Union Transport Minister Nitin Gadkari, on Thursday, announced the vehicle scrappage policy in the Lok Sabha. The policy will focus on removing vehicles older than 15-20 years from Indian roads. Owners of old vehicles will get strong incentives to scrap old and unfit vehicles. With this policy, […]
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Tata Motors’ shareholders approve hiving off PV business into new entity Tata Motors Limited announced that its shareholders have approved the separation of its passenger vehicle (PV) business into a new entity. On March 5, the shareholders of the company voted to consider and approve the transfer of the PV business unit to TML Business […]
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Finance Minister presents Union Budget 2021 in Parliament Finance Minister Nirmala Sitharaman has presented the Union Budget 2021-22 in the Parliament. The minister has announced the scrapping of income tax for senior citizens above 75 years and new rules for the removal of double taxation for NRIs. Sitharaman has also announced a Rs 64,180 crore […]
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Flipkart-Aditya Birla Fashion deal gets approval from CCI The Competition Commission of India (CCI) has approved the Rs 1,500 crore deal between Flipkart and Aditya Birla Fashion. Flipkart Investments Private Ltd will acquire a 7.8% minority stake in Aditya Birla Fashion and Retail Ltd (ABFRL). ABFRL plans to use the funds to strengthen its balance […]

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