In a communication to the stock exchange, Dewan Housing Finance Corporation informed that it plans to mop up Rs 4,000 crore through debentures. Of the Rs 4,000 crore, a maximum of Rs 3,000 crore would be raised through private placement of secured debentures in one or
Author: admin (Infratructure Today)
Post
Post
Disinvestment secy expects Rs 270 bn from stake sale in FY13
Union Disinvestment Secretary Ravi Mathur informed reporters that the government may manage to mop up Rs 27,000 crore by offloading stakes in state-run firms in 2012-13. It may be recalled that the central government earlier set a target to raise Rs 30,000 crore through disinv
Post
India on course to meet $1 trillion infra investment target
G Padmanabhan, Executive Director of Reserve Bank of India (RBI) remarked that the country is on course to meet its infrastructure investment target of $1 trillion during the ongoing 12th five-year plan (2012-17). Speaking at a conference in London, he said the funding process was working in a seamless manner and thing
Post
RBI introduces new provisioning norms
In an official statement, Reserve Bank of India (RBI) said banks must make 3.75 percent provisioning, from March 31, 2014, for loans already restructured. The provisioning would rise further to 5 percent with effect from March 31, 2015, the statement said. The central bank also said that with effect from April 1, 2015, restructured accounts would be immediately classified as sub-standard. Non-performing asse
Post
OVL’s $1 bn acquisition plan gets CCEA nod
The proposal of ONGC Videsh (OVL) to pick up the 2.7213 per cent stake of US energy major Hess Corp in the Azerbaijan oilfield received approval from the Cabinet Committee on Economic Affairs (CCEA). According to the plan, OVL would invest $ 1.001 billion to buy 2.7213 per cent stake of the above mentioned firm in Azeri, Chirag and the deep water porti
Post
Rs 1,780 cr sanctioned to MP for rural roads
The Madhya Pradesh government has been sanctioned Rs 1,780 crore by the Union Government for construction of 1,521 new roads under the Pradhan Mantri Gram Sadak Yojna (PMGSY).
Post
Centre to ease environment rules for road projects
To clear hurdles for road projects in forest areas without mandatory consent of gram sabha (the village body) the Union Tribal Affairs and Environment Ministry on February 1 resolved their differences.
Post
Highway in Vijayawada checked for safety
To prevent accidents traffic regulations in Vijayawada is a must, the District Collector Budha-prakash M Jyothi stated while addressing road safety meeting in the city on February 1. The collector said that the road safety committee members inspected the highway near Kanakadurga temple ghat road.
Post
BBMP takes up Magadi Road stretch for asphalting
A stretch on Magadi Main Road in Bangalore is being closed for repairs. The Bruhat Bangalore Mahanagara Palike (BBMP) is taking up asphalting of Magadi Main Road, which is in a bad shape. The stretch between Hunasemara junction and Prasanna Circle will be closed for the repairs.
Post
Deadline likely to be extended for Gurgaon e-way works
In a big relief to all the stakeholders in the construction of Delhi-Gurgaon stretch, National Highways Authority of India (NHAI) allowed Infrastructure Development Financing Company (IDFC) to take 74 per cent stake in the project on January 30 and is likely to extend deadlines for the work. Overlaying on the entire Delhi-Gurgaon stretch was to be completed, as per an agreement signed by the NHAI, the project concessionaire and IDFC.