India : On 21st Novemeber, at 3:10 am, fourteen coaches of the Indore-Patna Express had derailed at Pukhrayan in Kanpur Dehat district of Uttar Pradesh. Indore-Patna Express was packed with more than 2,000 people and running on 100 kmph speed, when suddenly the driver witnessed the overhead equipment shaking which led to the derailing of […]
Business Tycoon Salman F Rahman to remain Sheikh Hasina’s Adviser
Salman F Rahman, the vice chairman of Beximco Group, was informed about his appointment on Sunday in a letter signed by the ruling party’s general secretary Obaidul Quader. The ruling party, Awami League, wants Salman F Rahman to continue using his ‘energy, wisdom and merits’ for the development of private sector. Salman, who lead the […]
IRB Group receives letter of award for Rs 2,100 crore project from NHAI
IRB Infrastructure Developers Ltd, one of the leading construction and infrastructure entities recently received letter of award from National Highways Authority of India (NHAI) for Rs 2,100-crore highway project in Rajasthan and Gujarat. In a filing to the Bombay Stock Exchange (BSE), IRB Infrastructure Group stated, “The company has received letter of award from NHAI […]
Infrastructure Investment Trusts (InvIT)s like IRB welcome SEBI’s new relaxed guidelines
Securities Exchange Board of India (SEBI), the markets watchdog, introduced relaxed guidelines for infrastructure investment trusts InvIT on Friday. Now infrastructure organizations can expect to unlock a simplified structure and greater liquidity. SEBI lowered the required sponsor holding in InvITs to 15%. It will also let InvITs to invest in a two level special purpose […]
IRB Infrastructure Group bags Kishangarh-Udaipur-Ahmedabad highway project from NHAI
IRB Infrastructure Developers, one of the leading construction and infrastructure companies recently bagged the six lane road project on Kishangarh-Udaipur-Ahmedabad highway from National Highways Authority of India (NHAI). The company gained 1.47% to Rs 252 at 10:55 IST on Bombay Stock Exchange (BSE) after bagging the project. The project is based on design-build-finance-operate-transfer (DBFOT) (toll) […]
A ‘Universe of Exchanges’ Marks the Global Presence of Jignesh Shah’s FTIL
The remarkable success Global Presence of Jignesh Shah owned Financial Technologies (India) Limited (FTIL) laid the ground for a never-before-seen economic growth across the world. Known as the ‘Innovator of Modern Financial Markets’, he played an instrumental role in shaping the future of many modern IP-centric financial markets. In Global Presence of Jignesh Shah, he […]
IRB Infrastructure Developers get SEBI’s approval for infra investment trusts
Indian construction and infrastructure pioneer, IRB Infrastructure Developers has been granted the permission for infrastructure investment trusts (InvITs) by Securities and Exchange Board of India (SEBI). It is after a period of two years since the issuing of infrastructure investment trusts (InvITs) guidelines by SEBI that it finally granted permission to launch the trusts. Apart […]
Devendra Jhajharia created history in Rio Paralympics 2016
Devendra Jhajharia, the Javelin thrower created history in Rio Paralympics 2016 by winning another gold medal in Paralympics games. This is a proud moment for India as he is the first Indian to win 2 gold medals in Rio 2016. Devendra, surpassed his own world record to finish on top in the men’s F46 event. […]
IRB Infrastructure all geared up to raise Rs4,300 crore via InvIT fund
Indian construction and infrastructure pioneer, IRB Infrastructure Developers has filed a draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for an infrastructure investment trust fund. It is one of the largest and most diversified companies which is globally acknowledged and accredited for its impeccable projects. With the filling of the […]
Rio Paralympics 2016 19 India Athletes to participate
The Paralympic Games is a platform for athletes with disabilities to showcase their skills at a stage that lets them represent their countries. The Paralympic Games are held every four years for athletes who suffer from various disabilities. The Rio Paralympics 2016 will be held in Rio de Janeiro from 7-18 September. In order to […]