News Muncher - searching for purpose

Noida: The Noida authority on December 17 clarified that it has formed a special purpose vehicle to run the bus service of the city. After following directions of the Uttar Pradesh government, the three authorities - Noida, Greater Noida, and Yamuna Expressway Industrial Development Authority - have formed the SPV as the government intends to connect Noida International Airport, located …

Noida: Special purpose vehicle formed to run city bus service

NOIDA: The Noida authority on Tuesday said that it has formed a special purpose vehicle to run the city bus service with an aim to develop a robust public transport system in Noida, Greater Noida, and Yamuna Expressway areas. Following directions of the Uttar Pradesh government, the three authorities - Noida, Greater Noida, and Yeida - have formed the SPV …

New Delhi: The National Highways Authority of India’s fully owned special purpose vehicle DME Development Ltd will issue green bonds to raise funds for the implementation of environment-friendly measures on the Delhi-Mumbai Expressway project. The first-of-its-kind green bond issue in the roads and highways sector is expected to be launched in the second week of December and will be completed …

New Delhi, November 20 : REC Power Development and Consultancy Limited, a wholly-owned subsidiary of REC Limited under the Ministry of Power, has successfully handed over the Special Purpose Vehicle for the Khavda V-A HVDC Transmission Project to Power Grid Corporation of India Limited. According to REC, the official transfer ceremony took place in Gurugram, marking a significant milestone in …

NEW DELHI : The government is in the final stages of creating special purpose vehicles for the Pradhan Mantri Mega Integrated Textile Region and Apparel parks to boost the textile sector. Kulin Lalbhai, the chairman of CII National Committee on textiles & apparel, said: “I don’t have any specific comments to make on the current status of activity in SPV, …

A number of billionaires, including Egypt’s richest man, are flocking to Abu Dhabi, setting up special-purpose vehicles there. Arrival of billionaires in Abu Dhabi Recent data has revealed that a growing number of billionaires across the world are setting up special purpose vehicles in Abu Dhabi this year. Bhaskar Dasgupta, a former corporate adviser for the Abu Dhabi free zone, …

Mumbai: The state government has directed the Slum Rehabilitation Authority to contribute ₹300 crore to the Dharavi Redevelopment Project, of which ₹200 crore will be allotted to Rail Land Development Authority towards the 45-acre railway land and ₹100 crore will be diverted towards DRP’s equity in the Special Purpose Vehicle to be created for the Dharavi project. It was agreed …

Let us assume that a property loan company wants to raise funds. But the lender can raise money by pooling these property loans and selling it as a package to a Special Purpose Vehicle, which in turn converts this pool of loans into tradable securities that are sold to investors. Any type of asset with steady cash flows can be …

Rail Vikas Nigam Limited informed the stock exchanges that it has entered into an agreement with Tata Steel Ltd for implementation of various infrastructure projects. The latest agreement with Tata Steel is in connection with implementation of infrastructure projects either on nomination basis as a deposit work or through the special purpose vehicle route. Meanwhile, Tata Steel, a flagship company …