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Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

UP steps up effort for developing 10 bus terminals

Tuesday - Nov 20, 2012, 11:19am (GMT+5.5)
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Lucknow - Uttar Pradesh Monday selected a Nagpur-based consultancy firm as an advisor for the development and management of 10 bus terminals across the state, an official said Monday.

The selection of Axykno Capital Services Ltd. as the transaction advisor was finalised by an empowered committee for the 10 bus terminals of Uttar Pradesh State Road Transport Corporation (UPSRTC).

"(The) selected consultant will be required to prepare pre-feasibility, feasibility reports and bid documents along with facilitating bidding process and selection of developer in a time-bound manner," Infrastructure and Industrial Development Commissioner (IIDC) Anil K. Gupta said.

Major business and tourism centres - Noida, Lucknow, Kanpur, Mathura, Agra, Varanasi, Vrindavan, Chitrakoot - will be considered for development of bus stations in the first phase based on the feasibility reports prepared by the consultant, an official said.


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