Sector: Infra
NHAI’s borrowing increased 4-fold in 5 years
The total borrowings of the National Highways Authority of India (NHAI) has increased four-fold in the past five years, the highways ministry told Rajya Sabha on Monday. Till this March end, the cumulative borrowing stood at approximately Rs 3.1 lakh crore compared to Rs 74,742 crore in March 2017. In a written reply to a … Read more
IPO-bound Delhivery sees exit of 2 co-founders
Two of the co-founders of new-age logistics major Delhivery have left the firm just as the startup is readying for its initial public offering (IPO), two people aware of the matter said. Bhavesh Manglani (top) and Mohit Tandon, two of the five original co-founders of Delhivery, have ‘stepped aside’ from day-to-day operations. They have also … Read more
Gautam Adani: From a commodities trader to India’s second-wealthiest person, the incredible journey of Gautam Adani
After spending two decades building a business empire centered around coal, Indian billionaire Gautam Adani is now looking beyond the fossil fuel to cement his group’s future. His ambitious plans are getting a boost from Prime Minister Narendra Modi. Adani has emerged as India’s infrastructure king, diversifying from mines, ports and power plants into airports, … Read more
Chinese hackers are still actively targeting Indian port in shadow war, US firm says
At least one connection opened by Chinese state-sponsored hackers into the network system of an Indian port is still active, even as authorities block attempts to penetrate the nation’s electrical sector, according to the US firm that alerted officials. As of Tuesday, Recorded Future could see a ‘handshake’ — indicating an exchange of traffic — … Read more
Infra.market joins unicorn club with funding from Tiger Global, others
Infra.market, a construction materials focused online marketplace that sells mostly its own brands, is the latest to join the unicorn club in the country with the latest USD 100 million funding led by Tiger Global, valuing it at USD 1 billion. The Thane-based online marketplace founded in 2016 has reached the coveted unicorn status within … Read more