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Result(s) found: 128
| IAML SIGNS PACT WITH 8 BANKS ON ACQUIRING INFRA LOANS |
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IL&FS Infra Asset Management (IAML), an Asset Management Company (AMC) signed a Memorandum of Understanding (MoU) with eight Public Sector Banks (PSBs) for acquisition of infrastructure loans. IAML was promoted by IL&FS Financial Services (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF...
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IL&FS Infra Asset Management, IAML, Asset Management Company, AMC, Memorandum Of Understanding, Mou, Public Sector Banks, Psbs, Acquisition, Loans, Infrastructure, Debt Fund
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| SBI EXPECTS CREDIT TO GROW A MAXIMUM OF 16% |
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Pratip Chaudhuri, Chairman of State Bank of India (SBI) informed that the bank may achieve a deposit growth of 14 -16 per cent and a loan growth of a maximum 16 percent in 2013-14. In 2012-13, the largest public sector bank posted 15 per cent and 21 per cent growth in deposits and adva...
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State Bank Of India, SBI, Bank, Recapitalisation, State-Run Banks, Public Sector Banks, Capital, Fund, Credit, Loan, Cabinet, Approval
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| GOVT TAKES STEPS TO BOOST COAL OUTPUT |
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The union government has envisaged that one of the ways forward to reduce the dependence on imports is to devise a Public Private Partnership (PPP) policy framework with CIL as one of the partners in order to increase the production of coal for supply to power producers and other consumers. Accordingly the Ministry of Coal has set up a Committee to devise a PPP Policy framework with CIL as one of the partners in order to increase production of coal...
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Coal India, CIL, Public Private Partnership, PPP, Block, Development, Output, Import, Production, Mining, Mineral
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| EXPERTS CALL FOR MECHANISM TO REWORK PPP CONTRACTS |
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International experts on public-private partnerships (PPP) projects suggest the government to devise mechanisms to permit contract renegotiations during the term of the concession. Experts said this at a FICCI conference on PPP held recently in Delhi. According to a study by the World Bank, 55 per cent of (PPP) contracts in the transport sector were renegotiated across the world during 1985-2000...
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World Bank, Public-Private Partnerships, PPP, Projects, Government, Mechanisms, Contract, Renegotiations, Concession, FICCI
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| KERALA GOVT TO SEEK VIABILITY FUND FOR PORT PROJECT |
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Kerala government is taking efforts to secure viability gap funding (VGF) for its proposed international container transshipment terminal at Vizhinjam port. The state Minister for Ports K Babu clarified that the state government would implement the project, which also envisages deepwater, multi-purpose port in the area, based on the landlord model of development...
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Vizhinjam Port, Project, Environment Impact Assessment, EIA, International Finance Corporation, Master Plan, Approval, Terminal, Berth, Cargo, Expansion, Container, Shipping, Public Private Partnership, PPP
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| KERALA GOVT TO SEEK VIABILITY FUND FOR PORT PROJECT |
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Kerala government is taking efforts to secure viability gap funding (VGF) for its proposed international container transshipment terminal at Vizhinjam port. The state Minister for Ports K Babu clarified that the state government would implement the project, which also envisages deepwater, multi-purpose port in the area, based on the landlord model of development...
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Vizhinjam Port, Project, Environment Impact Assessment, EIA, International Finance Corporation, Master Plan, Approval, Terminal, Berth, Cargo, Expansion, Container, Shipping, Public Private Partnership, PPP
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| RBI LIBERALISES OVERSEAS INVESTMENT NORMS FOR STATE-RUN OIL FIRMS |
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Reserve Bank of India (RBI) allowed state-run oil explorers to invest in their incorporated overseas entities without any limits under the automatic route. It may be recalled that earlier, the navratna public sector undertakings (PSUs) like OVL and OIL were allowed to invest in overseas unincorporated entities only. But the central bank liberalised the existing norms to enable these firms to invest in the incorporated JV/WOS in oil se...
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Reserve Bank Of India, RBI, Finance, Investment, Equity, Incorporated, Joint Venture, Oil And Gas, Exploration, State-Run, Public Sector Undertaking, PSU
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| GOVT CONSIDERS 17 COAL BLOCKS FOR STATE-RUN FIRMS |
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The union ministry of coal circulated 17 coal blocks for allocation to government companies out of which 14 are for specified end-use power and three coal blocks are earmarked for purpose of mining. These blocks would be allotted for eligible companies as per the ‘Auction by Competitive Bidding of Coal Mines Amendment Rules, 2012...
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Coal, Blocks, Allocation, Mining, Mineral, Public Sector Companies, Psus, Auction, Power, Coal India, CIL
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| ASSOCHAM URGES GOVT TO SUPPORT AVIATION SECTOR |
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Industry body ASSOCHAM urged the civil aviation ministry, the Planning Commission and the RBI to work out a joint and a clear mechanism to give a boost to the aviation sector. In a communication to the government, the chamber raised concern that the sector faces policy and regulatory issues besides lack of finance, especially the equit...
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Reserve Bank Of India, Bank, ASSOCHAM, Industry Body, Planning Commission, Investment, Public Private Partnership, PPP
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| GOVT YET TO DECIDE ON GAIL'S PLAN TO BUY MORE STAKE IN PETRONET |
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Union Petroleum Secretary Vivek Rae informed reporters that the government was yet to take a decision on whether to allow GAIL India to raise its shareholding in Petronet LNG. GAIL India, which holds 12.5 per cent stake in Petronet LNG, has shown keen interest in buying an additi...
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Petronet LNG, GAIL India, Asian Development Bank, ADB, Stake, Equity, Shares, Public Sector Undertaking, PSU
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| 2012-13 SEES RS 60 BN WORTH OF IPOS |
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During 2012-13, a total of 10 companies raised a cumulative Rs 6,059 crore through initial public offerings (IPOs), data available with the stock exchanges show. This is a marginal rise of 4 per cent from the previous year, when 33 companies had together mopped-up Rs 5,808 crore. This is a far cry from a total of Rs 33,183 crore raised through IPOs in 2010-11 by 52 fir...
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Initial Public Offerings, IPO, Capital, Market, Primary Market, Issue, Shares, Equity, Investment, Finance, Company
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| KPMG WORKS ON REVENUE MODEL FOR MOPA AIRPORT |
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Reports indicate that KPMG, the financial consultant for the proposed international airport at Mopa in Goa, is working on the revenue model for the airport. The state government plans to implement the project on the public-private-partnership (PPP) model and it set up a special PPP cell for the purpose of handing such PPP projects...
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Goa, International Airport, Mopa, Public-Private-Partnership, PPP, Project, KPMG, Consultant, Finance, Viability
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| PANEL SUGGESTS MERGER OF SAIL AND RINL |
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In order to create a steel company of global scale and bring down costs of production, the Committee on Public Undertakings suggested the merger of state-owned steel giants Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL). In a recent report, the panel, which is a body of Lok Sabha members, asked the government to specify clearl...
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Steel Authority Of India, SAIL, Rashtriya Ispat Nigam, RINL, Production, Merger, Capacity, Public Sector Undertakings, PSU
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| MOIL OUTPUT RISES 6.13% |
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MOIL, a Miniratna Category-I PSU, produced 8.02 lakh tonne of manganese ore during the year 2012-13 (April to December, 2012), and this is 6.13 percent higher as compared to corresponding period last year. The company achieved a total sales turnover of Rs 700.30 crore during the period. It earned profit before tax...
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MOIL, Production, Expansion, Project, Output, Earnings, Dividend, Public Sector Undertaking, PSU
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