The Rs 2,000-crore container terminal at Larsen & Toubro's (L&T) Katupalli port near Chennai is expected to go on stream soon. Tamil Nadu Chief Minister J Jayalalithaa planned to inaugurate the terminal, which has been ready for operation for over five months. The inauguration was dela
Author: admin (Infratructure Today)
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Essar Ports awaits govt nod for expansion projects
Essar Ports is awaiting the approval of the Gujarat government and necessary clearances in order to go ahead with its proposed $1.8 billion expansion projects in two ports, Salaya and Hazira. The country's second-largest private sector port and terminal company signed a Memorandum of Understanding (MOU) with the Gujarat Maritime Board rece
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NMPT handles 13% more cargo since April 2012
Cargo handling by the New Mangalore Port (NMPT) rose 13.08 per cent to 30.08 million tonne between April 1, 2012 and January 29, 2013 from 26.6 mn t in the year-ago period. With this, the port exceeded the cargo handling target set by the shipping ministry for the first 10 months of 2012
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Investment by PE, VC funds decline in 2012
Private Equity and venture capital funds invested $7.6 billion across 415 deals in 2012, which is a fall of 21 percent from the year-ago period of $9.6 billion, global consultancy firm Ernst & Young said. The decline in the investment is mainly because of a significant fall in infrastructure sector investments $2.3 billion invested in 2011, compared with $774 million in 2012
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UP CM assures policy revamp to attract private investment
Uttar Pradesh Chief Minister Akhilesh Yadav asked companies to invest in the state by assuring them that his government would revamp the investment related policies across sectors and create an enabling and business friendly environment. He made this appeal at the CII Partnership Summit in Ag
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RBI cuts repo rate to support economic growth
Reserve Bank of India (RBI) reduced the policy repo rate by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect in its third quarter review of monetary policy 2012-13. In order to infuse liquidity into the banking system, the central bank also reduced the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per
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RBI cuts repo rate to support economic growth
Reserve Bank of India (RBI) reduced the policy repo rate by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect in its third quarter review of monetary policy 2012-13. In order to infuse liquidity into the banking system, the central bank also reduced the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per
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Quote on RBI’s Credit Policy: CRR and repo rates slashed by 0.25%
Finally, we have the rate cut (start of the series of cuts that hopefully will follow over several quarters, influenced by the overall inflation situation and the economy's need to perk up growth rates) which coupled with the lower CRR should provide great relief to Real Estate industry reeling for quite some time now under the burden of huge debts on one side and poor cash flows caused by slowdown in sales.
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Perspective on the Credit Policy
In my opinion, RBI delivered a very balanced policy. As expected, they chose the calibrated path of a 25 bps cut in the Repo and the Reverse Repo rates as they wanted to avoid a repeat of April 2012 when the RBI had cut the Repo rate by 50 bps and then had to pause with surprises creeping in from the inflation side. On the other side, there is a clear acknowledgement from the RBI that demand side activity has remained low, growth has slowed below trend, probably needing the RBI to complement the
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Coal transportation contract of Durgapur Projects
The West Bengal government founded Durgapur Projects Ltd aims to develop infrastructure for various large, medium and small scale industries in and around Durgapur and also at other places within the state. Incorporated on September 6, 1961, the body consists of coke oven batteries, bye-products plant, gas grid project, thermal power plant