1.CCI approves combination involving setting up of Mindspace REIT by K Raheja Corp

Approves acquisition of certain equity shareholding held by selling shareholders in the Target Entities by REIT

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2.Major port to come up at Vadhavan in Maharashtra

Cabinet gives in-principle approval for setting up the new port

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3.Union Cabinet approves NHAI’s request to set up an infrastructure investment trust

As reported, the National Highways Authority of India (NHAI) received the Union Cabinet’s approval for setting up an infrastructure investment trust (InvIT) – permitting the body to monetise its completed national highways and therefore, fulfil its funding requirements.

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4.DFCCIL completes trial run of train on EDFC

DFC project sees movement, first run of heavy haul train with 103 wagons conducted

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5.AURIC to attract an investment of Rs 600 billion from global players

During calendar year 2018, AURIC has reportedly attracted an investment of Rs 36 billion

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6.451 acre allotted under DMIC project in four states

The investment commitment by companies under DMIC project is expected to be around Rs 94.83 billion

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7.Bond with the Best!

Does India have instruments to fund Rs 350-bn a year for urban development?

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8.Consortium for Purandar Airport project approved. Here's more!

In order to expedite the Purandar Airport project, Maharashtra Chief Minister Devendra Fadnavis has approved a consortium comprising four local authorities to form a special purpose vehicle (SPV). 

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9.Chennai-Kanyakumari Industrial Corridor to be a reality

The Chennai-Kanyakumari Industrial Corridor worth Rs 64.48 billion is expected to become a reality as the Tamil Nadu Government has passed a bill to amend the Tamil Nadu Industrial Township Area Development Authority Act, 1997 (TNITADA). 

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10.Budget Reactions | Contractors

The Union Budget 2018 has struck a fine balance between fiscal prudence and providing growth boosters to the economy. It is a progressive budget and in line with the development priorities of the Government. The Finance Minister has made a strong attempt to pump prime the rural economy, agriculture and infrastructure sector.

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