Realty developers and property consultants have hailed the Reserve Bank's decision to cut key policy rates, saying that it is a positive step that would boost housing demand and encourage foreign investment in the sector.
Author: admin (Infratructure Today)
Post
Post
RBI’s rate cut to boost demand, says Real estate industry
Realty developers and property consultants have hailed the Reserve Bank's decision to cut key policy rates, saying that it is a positive step that would boost housing demand and encourage foreign investment in the sector.
Post
Petrofed warns against shifting to export parity pricing
The Petroleum Federation of India (Petrofed), an apex body of entities in hydrocarbon sector, warned the union finance ministry against its proposed norm for calculation of under-recoveries of state-run oil marketing companies (OMCs). Recently, the finance ministry proposed that the export parity price should be considered for calculating under-recoveries of OMCs instead of the present trade parit
Post
Private equity firms face challenging times
Industry sources feel that private equity investors in the country are going through a challenging period. It is learnt that the return on investments made after 2006 has not been very encouraging even after about six years. Moreover, funds are finding it tough to exit from portfolio companies in an economy that is experiencing slowdown. This is forcing firms to cut down on expensive hum
Post
BHEL had order book of Rs 1.14 trillion at end Dec 2012
Weekly Insight learns that the order book of the state-run power equipment major Bharat Heavy Electricals (BHEL) stood at Rs 1.14 lakh crore as at end December 2012, less than its order book of Rs 1.17 lakh crore at the end of 2008-09. The net profit of the firm declined 17.5 per cent to Rs 1,182 crore for the three months ended December 31, on the back of decline in
Post
Number of bank loan recast falls in December quarter
The number of cases admitted to the corporate debt restructuring (CDR) cell by banks declined to 24 cases worth Rs 19,650 crore during October-December 2012 compared to 41 cases worth Rs 20,528 crore in the preceding quarter. Industry insiders attribute the decline in CDR cases to the improving economic outlook. With inflation sho
Post
Indian Bank reduces interest rate on loans
In a company statement, state-run lender Indian Bank said it would reduce base rate by 0.30 per cent to 10.20 per cent from the existing 10.50 per cent, with effect from February 9, 2013. The statement also shows that the bank reduced its Benchmark Prime Lending Rate by 0.25 per cent from the existing 14.75 per cent to 14.50 per cent per annum with effect from February 9,
Post
SKS Microfinance to focus on profitability
In 2013-14, SKS Microfinance, the first and only listed microfinance institution (MFI) in India, hopes to post profit. MR Rao, Managing Director and Chief Executive Officer of the firm said the focus of the company was on profitable growth with efficiency and not just on scaling up.
Post
NMDC decides not to hike iron ore price for Feb
Anticipating decline in demand, National Mineral Development Corp (NMDC) decided not to raise price of iron ore and maintain it at Rs 5,060 ($95.01) per tonne for lumps, and Rs 2,610 per tonne for fines for February. It may be recalled that the country's biggest iron ore producer reduced prices by up to 6 per cent last month. It is lea
Post
AIFI seeks govt support to become more competitive
Association of Indian Forging Industry (AIFI) requested the government to support the sector and enable firms to compete effectively in the global markets. Among other things, the industry body asked the government to promote value added products and ban export of higher grade iron