User: Jake Topic: Urban Investment
Category: Bangalore
Last updated: Mar 29 2017 24:07 IST RSS 2.0
 
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GVK asset sale: Syndicate Bank weighs fresh options to recover dues 28.3.2017 ET: Banking
GVK Power & Infrastructure announced raising Rs 2,202 crore from Prem Watsabacked Fairfax India Holdings by selling a 33% stake in Bengaluru international airport.
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Bengaluru-based online meat brand Licious raises $10 mn in fresh funding 28.3.2017 Business Standard: Companies & Industry
Bengaluru-based online meat brand Licious has raised $10 million in fresh funding led by Mayfield India as it looks to expand its service outside of its home market starting with Hyderabad and Delhi-NCR.The round also saw participation from Mohandas Pai's 3one4 Capital, Sistema Asia Fund and Neoplux Technology Fund. Licious will use the capital to grow its technology apart from enabling the company to setup meat processing facilities and supply chain at all its new locations."The money we've raised now will primarily go into expansion in new cities and building better technology in the back end which includes state of the art meat processing facilities. While this isn't a very capital intensive business, it's a very infrastructure dependent business," said Vivek Gupta, founder at Licious.Licious says it already makes money on every order, but isn't profitable at a company level due to investments it continues to make into the business. With another $10 million in the bank, Gupta says .
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GVK Power gains 6% on stake sell in BIAL for Rs 2202 crore 27.3.2017 Money Control: Buzzing Stocks
GVK Power gains 6% on stake sell in BIAL for Rs 2202 crore The company has obtained all the necessary consents / approvals as may be required including from the lenders and also followed the process in the BIAL shareholders for stake sale.
Sensex ends over 150 points lower, Nifty below 9,050; RIL down 3% 27.3.2017 Market News
Nifty ended below 9,050 level dragged by fall in IT and pharma stocks on strong rupee
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Closing Bell: Sensex loses 184 points, Nifty ends below 9050 on global cues; RIL sinks 3% 27.3.2017 Money Control: Market Reports
Closing Bell: Sensex loses 184 points, Nifty ends below 9050 on global cues; RIL sinks 3% Losses in index heavyweights, weak global cues and concerns on poor monsoon forecast may have dragged the indices.
Shriram Properties to invest Rs 15,000 cr on realty projects 26.3.2017 Money Control: Business News
Shriram Properties to invest Rs 15,000 cr on realty projects Chennai-based Shriram Properties, the real estate arm of financial giant Shriram Group, has also decided to focus on affordable housing .
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Shriram Properties to invest ₹15,000 cr in realty projects 26.3.2017 BusinessLine - News
Shriram Properties will invest ₹15,000 crore over the next 7-8 years for the development of around 30 ongoing projects, largely residential, across six major cities. The Chennai-based real-estate a...
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Tejas IPO will offer exits to Desh Deshpande, Mayfield, Intel Capital 26.3.2017 Business Standard: News Now
Tejas builds equipment that allows high speed data on optical fibre networks
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Shriram Properties to invest Rs 15,000 cr on realty projects in 7-8 years 26.3.2017 Business Standard: News Now
It has also decided to focus on affordable housing after govt's decision to accord it infra status
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Thrust on road infrastructure development, waste management 26.3.2017 TOI: Bangalore Times
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Residents want surveillance for safe neighbourhoods 25.3.2017 Deccan Herald - City
Bengalureans are all for increasing CCTV coverage of the city and many Residents' Welfare Associations (RWAs) have already reaped benefits from getting watchful electronic eyes in their neighbourhood. Jyothi Prasad, a civic leader in Govindarajanagar, vouched for the technology, giving the example of her area. "More than 30 cameras were installed about three or four months ago. Earlier, we used to have incidents of chain-snatching, garbage dumping and vehicle thefts but now the frequency has come down drastically," she said. The RWA of her area worked with the corporator to identify spots where the infrastructure was most required. Jyothi said that residents are making use of the facility and asking for copies of the tapes. An incident of eve-teasing was also caught on tape and the perpetrators were arrested within 24 hours by identifying the vehicle registration paper, Jyothi said. Surveillance cameras not only fight crime but if installed near black spots, they prevent garbage dumping, too. Mohammed ...
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Tejas Networks bets big on Digital India 25.3.2017 Deccan Herald - Business
Bengaluru-based telecom equipment company Tejas Networks has developed optical and data networking products that will be used for projects for 'Digital India' as well as for building high speed data networks globally. Talking to Deccan Herald, Tejas Networks MD and CEO Sanjay Nayak said, "Tejas is one of the vendors who is supplying GPON (Gigabit-capable Passive Optical Networks) equipment to the Government of India's initiative in building the national optical fibre network — Bharatnet, which plans to connect 2.5 lakh villages in the country through optical fibre and is a part of Digital India." "This project is being funded by the Universal Service Obligation Fund (USOF) of the government," he added. Over 150 countries across the world believe that the government can take optical fibre to villages, and can build high speed communication infrastructure, Nayak said. "These data highways can provide many services to remote places, such as telemedicine, e-education, e-governance and ecommerce, among ...
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‘City is reliant on government for grants’ 25.3.2017 Hindu: Bangalore
46% of budget outlay is dependent on funds from State government
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Electricity plan for Bengaluru - a look at BESCOM’s data 24.3.2017 Citizen Matters

Bengaluru is almost entirely dependent on the state of Karnataka for its electricity supply; nothing wrong in with that in appearance. However, inability of the state to respond consistently to the city’s power demands coupled with the failure...
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GVK sells 33 per cent stake in Bangalore airport to Fairfax 24.3.2017 All News-IANS Stories
Infrastructure major GVK Ltd on Friday announced selling 33 per cent of its 43 per cent equity stake in the Bangalore International Airport Ltd (BIAL) to Canadian investment firm Fairfax for Rs 2,202 crore ($336 million).
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Fairfax takes 38% stake in Bengaluru airport 24.3.2017 Hindu: Cities
Fairfax India Holdings Corporation on Friday said it has completed the acquisition of a 38% stake in Bengaluru International Airport Limited. Out of the shares purchased, about 33% was owned by Bangal...
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GVK divests 33% in Bangalore airport to Fairfax India for ₹2,200 crore 24.3.2017 HBL: Home
GVK Power & Infrastructure Ltd has divested 33 per cent of its stake in Bangalore International Airport Ltd (BIAL) from its wholly-owned subsidiary, Bangalore Airport & Infrastructure Develope...
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GVK completes Rs 2,200-cr stake sale in Bangalore Airport project 24.3.2017 Business Standard: Companies & Industry
BS ReporterHyderabad, 24 March: GVK Power and Infrastructure Limited today announced that it has completed the stake sale in Bangalore International Airport Project(BIAL). It has divested 33 percent of its stake in BIAL from its wholly owned subsidiary, Bangalore Airport and Infrastructure Developers Private Limited to Fairfax India Holdings Corporation, through its wholly-owned subsidiary in Mauritius, for an aggregate investment of Rs 2,202 crore, which is approximately $ 336.18 million at current exchange rates.It may be recalled that the company had first announced the stake sale deal with Fairfax in March 2016, while it took one full year to complete the sale process owing to delay FDI clearances among other things. Post sale, GVK group would have 10 percent stake in this profit making airport asset."We reiterate that our primary focus is on de-leveraging our balance sheet, and all proceeds from this stake sale shall be used to bring down our debt obligations to our lenders. We ..
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BRIEF-Fairfax India says buys 38 pct of Bangalore International Airport Ltd 24.3.2017 Sify Finance
March 24 (Reuters) - Fairfax India Holdings Corp:
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Major growth corridor 24.3.2017 Hindu: Leisure
With good accessibility to other parts of the city, the micro-market on Kanakapura Road is expected to improve further once the Metro starts operations this year, says industry expert Shrinivas Rao in an interview with RANJANI GOVIND
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