HC junks pleads on fraud charge in DMRC-Reliance metro line deal |  Latest Delhi News

 | Daily News Byte

HC junks pleads on fraud charge in DMRC-Reliance metro line deal | Latest Delhi News | Daily News Byte

[ad_1] The Delhi High Court on Friday refused to plead guilty to a lawyer who alleged fraud ₹7,100 crore in the contract between the Delhi Metro Rail Corporation (DMRC) and Anil Ambani-led Reliance Infrastructure to build the Airport Express metro line, saying it was “half-baked”, “misconceived” and submitted without any research. A public interest litigation…

Read More
DMRC files fresh affidavit detailing accounts in Reliance Infra case

 | Daily News Byte

DMRC files fresh affidavit detailing accounts in Reliance Infra case | Daily News Byte

[ad_1] NEW DELHI : Delhi Metro Rail Corporation (DMRC) has filed a fresh affidavit in the Delhi High Court comprising balance sheet (FY20-21) and details of all bank accounts and fixed deposits. The affidavit was filed in relation to Reliance Infrastructure’s subsidiary, Delhi Airport Metro Express Pvt Ltd’s application. in the court for the execution…

Read More
Renewable energy: Tata Power in advanced talks to raise 0-700 million for its renewable energy biz

 | Daily News Byte

Renewable energy: Tata Power in advanced talks to raise $600-700 million for its renewable energy biz | Daily News Byte

[ad_1] Tata Power is in advanced talks with investors, including Canada’s Canadian Pension Plan Investment Board (CPPIB), as well as Singapore’s sovereign wealth fund Temasek Holdings and private equity firm General Atlantic to raise up to $600-700 million (4478 crore – 5225 crore) for. The renewable energy business is worth about 6-7 billion dollars. The…

Read More