INDIA > Asian Development Bank (ADB) and the Government of India signed a $84 million loan to improve water supply in the state of Bihar, India

Adb logo In order to finance water supply and improve and expand water supply in Bhagalpur and Gaya towns in Bihar, ADB and the Government of India has signed a $84 million loan. The loan was approved by the ADB Board of Directors in 2012 and is the tranche 2 loan which is the part of the $200 million multi tranche financing More …

INDIA > USA based Marriott International is set to open 100th hotel in India

marriott logo Sheraton Grand Bengaluru Whitefield Hotel & Convention Center is the 100th hotel planned to open in India by Marriott International. Arne Sorenson, CEO and President of Marriott International is set to visit India for a week-long visit to India as the company is looking to extend its leadership presence in India with more than 50 signed projects in the pipeline. More …

INDIA > USA based Commvault is set to expand its presence in India with a new and bigger office in Hyderabad

commvault logo The global leader in enterprise backup, recovery, archive and the cloud, Commvault is set to expand into a bigger office in Hyderabad, India. Commvault has presence in five location in India out of which the Hyderabad office is the Development Center. The new office will have a seating capacity of 250 and is almost double the area of the old More …

INDIA > USA based Starbucks and India based Tata’s 50/50 joint venture, Tata Starbucks Private Limited opens three new stores in KolKata

Starbucks logo Welcoming customers on March 21, Tata Starbucks Private limited opened up three new stores in Kolkata. This is the seventh city for the company in India According to Sumitro Ghosh, chief executive officer, Tata Starbucks: “We are honored to bring Starbucks to Kolkata, a city that has always been known for its cultural heritage and grandeur. Our aspiration is to More …

INDIA > Singtel International Investments is set to subscribe new shares in Bharti Telecom under a proposed preferential allotment

Singtel logo Singtel International Investments, a wholly- owned subsidiary of Singtel, is set to subscribe new shares in Bharti Telecom, a holding company of Bharti Airtel (Airtel) that holds approximately 50.1% of the share capital of Airtel, under a proposed preferential allotment. With the expected completion by March 2018, the preferential allotment of equity shares to Singtel International Investments is subject to More …

INDIA > Canada Pension Plan Investment Board (CPPIB) is set to acquire a 6.3% stake in ReNew Power Ventures Pvt. Ltd for $144 million

CPPIB logo CPPIB is set to acquire a 6.3% stake in ReNew Power Ventures Pvt. Ltd from the Asian Development Bank for $144 million. ReNew Power Ventures is an energy developer and operator that is based in India and has a diversified portfolio across wind, utility-scale solar and rooftop solar power- producing assets. According to Scott Lawrence, Managing Director, Head of Fundamental More …

INDIA > Germany based Siemens commissioned to electrify a 39.2 km metro line in the Indian metropolis Ahmedabad in a project worth more than €76 million ($94.3 million)

Siemens logo1 Metro Link Express for Gandhinagar and Ahmedabad (MEGA) has commissioned Siemens for electrifying a 39.2 km metro line worth more than €76 million ($94.3 million). Currently under construction, the metro line will run in Ahmedabad city in two corridors, East- West and North- South. The complete electrification of the new double- track metro line will be Siemens responsibility and the More …

INDIA > Asian Development Bank (ADB) approves funding for the Second Rural Connectivity Investment Program totaling $500 million in India

Adb logo To improve rural roads in five Indian states, ADB approves a multitranche financing facility (MFF) for the Second Rural Connectivity Investment Program. The investment program is set to construct and upgrade over 12,000 kilometers of rural roads in five Indian states of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. The program builds on the first Rural connectivity investment program More …