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A mix of corporate houses, infrastructure and road construction companies, non-banking financial companies (NBFCs), and funds have shown interest in acquiring these assets either individually, in combination, or both, said a person familiar with the matter.
Seven engineering majors, including L&T, IRCON International and J Kumar Infraprojects, have been declared as the lowest bidders for 11 construction contracts of the 96.47-km-long Phase 1 of the 126-km Virar-Alibag Multimodal Corridor (VAMC). The bids were opened on Tuesday by the Maharashtra State Road Development Corporation (MSRDC) which is executing the project.
The Supreme Court has referred to the larger bench the question of whether the courts have the power to modify the arbitral award under Sections 34 or 37 of the Arbitration and Conciliation Act, 1996....
Get latest articles and stories on Business at LatestLY. Beijing [China], January 18: The Asian Infrastructure Investment Bank (AIIB) has invested Rs 4.86 billion (around USD58.4 million equivalent) in India's largest renewable energy Infrastructure Investment Trust (InvIT). Business News | AIIB Anchor Investor in India's Largest Renewable Energy Infrastructure Investment Trust.
IHG® Hotels & Resorts has signed a management agreement to develop a new Holiday Inn hotel - Holiday Inn Gurgaon NH 8 in India.