NHSRCL Prepares to Expand Bullet Train Network Nationwide

MUFG In Talks To Buy 20% Stake In Shriram Finance For $2.6 Billion

Mitsubishi UFJ Financial Group (MUFG) is in advanced talks to acquire a 20 per cent stake in Shriram Finance Ltd. for about $2.6 billion, according to a report by the Economic Times citing people familiar with the matter.Both parties have signed an exclusivity agreement to move forward with negotiations. The proposed investment would be made through a primary issuance via preferential allotment and will not involve a secondary share sale, the report said.Any deal by Japan’s largest lender would follow similar moves by its peers to expand in India, a market seen as critical for growth. In May..

IRFC Lends Rs 33.9 Billion To PVUNL For Jharkhand Coal Block

Indian Railway Finance Corporation (IRFC), the financing arm of the Ministry of Railways, has provided loan assistance of Rs 33.9 billion to Patratu Vidyut Utpadan Nigam Limited (PVUNL), a subsidiary of NTPC Limited, for developing the Banhardih Coal Block in Latehar district, Jharkhand.The agreement was signed at PVUNL’s Patratu office by Shwet Ketu Mishra, Chief General Manager, IRFC, and Ashok Kumar Sehgal, Chief Executive Officer, PVUNL.PVUNL, a joint venture between NTPC Limited (74 per cent) and Jharkhand Bijli Vitran Nigam Limited (26 per cent), is setting up a 4,000 MW coal-based the..

Nalwa Aero Gets DGCA Nod For India’s First 5-Seater eVTOL

In a milestone for India’s electric aviation sector, Punjab-based startup Nalwa Aero has become the first Indian company to secure Design Organisation Approval (DOA) from the Directorate General of Civil Aviation (DGCA) for a 5-seater electric Vertical Take-Off and Landing (eVTOL) aircraft.The certificate was formally presented to CEO Kuljeet Sandhu by Civil Aviation Minister Kinjarapu Rammohan Naidu at the North India Aviation Summit. The achievement marks a significant step in the government’s Atmanirbhar Bharat initiative and India’s ambition to advance sustainable, next-generation mo..