Search Result for : Pune

The Dollar Business Bureau The World Bank and the Asian Infrastructure Investments Bank (AIIB) have sanctioned a loan of Rs.6,325.50 crore for the construction of stagnant Pune metro rail project. The loan will be taken by the Special Purpose Vehicle (SPV) for Pune metro, while the central government will provide sovereign guarantee for the transaction. The announced loan would be co-financed by the Word Bank and the AIIB. The amount will be split in two-three smaller tranches. Following announcements from the World Bank and China-led AIIB Bank, the government has given its approval for loan assistance of Rs.6,325.50 crore for the first phase of Pune metro rail project. The repayment of the loan would be borne by the SPV. The repayment will be ...

PTI As part of its expansion plans, Australian pizza chain Eagle Boys is looking to add another 300 stores to its network in next four years. "We plan to open a chain of 300 stores over the next three to four years. In Australia, Eagle Boys Pizza has around 200 outlets," Eagle Boys Pizza India director and CEO G B Singh said. He further said that India sales could be around Rs 150 crore over the next 3-4 years covering the top 50 cities of the country. By the end of this fiscal, the number of stores would be 50 from the current 18 in the country, he added. The current outlet base is spread across Mumbai, Pune, Chennai, Hyderabad and Kolkata.

 The Dollar Business Bureau “Railways should prioritise linking economic clusters through high-speed passenger and freight network,” said CUTS (Consumer Unity & Trust Society) International as part of its comments on the Bibek Debroy Panel report on Restructuring Railways. The non-profit went on to add that, in fact, a detailed exercise of mapping current and future economic clusters must precede the efforts of railway liberalisation. This will ensure enhanced participation of private players. For example, focus on railway investments on the feeder routes from the coal and iron ore mines located mostly in the tristate area of Chhattisgarh, Orissa and Jharkhand will help achieve greater efficiency. In addition to the above, an urgent action is required to ensure that India’s transport ...

Interview by Vanita Peter D’souza | The Dollar Business The Dollar Business (TDB): What kind of support did you get from the Government to set up operations in India? Tarak Bhattacharya (TB): I have travelled throughout the world and started stores across the globe. Setting up business in India is difficult. There are lot of norms, procedures and permissions to be obtained for starting operations from city to city. But it was not that difficult too as we had our consultant in place and they really did a good job. They made us realize that how we have to work with the government. So, overall, initially it was tough but we had to learn. We are doing pretty good ...