Bangalore-based micro-finance company Grameen Financial Services (Grameen Koota) is reportedly in talks with a few financial institutions to raise around $10 million capital. According to media reports, the company may raise the fund through private equity investors. It may be recalled that Grameen Koota raised capital earlier from Aavi
Author: admin (Infratructure Today)
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Additional provisioning may hit PSBs
The earnings of public sector banks (PSBs) may take a beating in Oct-Dec 2012 quarter because of an additional provisioning of 0.75 per cent, as directed by the Reserve bank of India (RBI), analysts feel. Analysts expect private sector banks to post better earnings results during the quarter as compared to their public
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Magma expects recovery in equipment finance in H2 of FY14
V Lakshmi Narasimhan, Chief Financial Officer of Magma Fincorp expects recovery in the commercial vehicle and equipment finance segments during the second half of 2013-14. The recovery would have tangible impact on commercial vehicle and equipment finance segments. Owin
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Till December, freight loading of SER rose 4.56%
During the April -December 2012-13, freight loading by South Eastern Railway (SER) rose 4.56 percent to 92.16 million tonne (mn t) as against 88.14 mn t during the year-ago period. Till December 2012, the performance of SER surpassed the target laid down by Railway Board. The divis
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Ishar Gasoil loses oil and gas blocks
Ishar Gasoil, which bid for three oil and gas blocks under the ninth round of the New Exploration Licensing Policy (NELP), failed to secure these blocks as the Cabinet Committee on Economic Affairs (CCEA) rejected them. Owing to the companyÂ’s negative net worth, its bids for the blocks RJ-ONN-2010/1, GV-ONN-2012/1 and
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Adani Gas under CCI scanner
The natural gas distribution service of Adani Gas (AGL) in Faridabad has come under the scanner of the Competition Commission of India after the latter received complaints from Faridabad Industries Association (FIA). FIA is an umbrella body of industrial units in Faridabad (Haryana). The competition commission recei
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Head count at Kandla port falls marginally
Gujarat-based Kandla Port witnessed a marginal decline in its staff strength during 2001-2009, a study by the apex industry body Assocham found. The employee strength has reduced marginally by about 1 percent or so at Kandla, where the number of empl
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NGO seeks probe on revenue loss to Kolkata Port
A non-government organisation (NGO) has sought a commercial audit by the Comptroller and Auditor General of India to ascertain the revenue loss to the Kolkata Port from certain private contracts. According to the NGO the National Forum For PeopleÂ’s Rights, the award of a service contract by the Kolka
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Lakshadweep proposes wharf project at Old Mangalore Port
The Lakshadweep union territory government has sent a draft proposal to the Karnataka government to set up a 300-metre-long dedicated wharf at Old Mangalore Port for the benefit of the Lakshadweep administration. Hamdulla Sayeed, Member of Parliament from Lakshadweep informed this when he visited the Old Mang
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Kattupalli port carries out trial run
A trial run of a container vessel at Kattupalli Port went as per plan and without any hitch. Following this, the port is ready to handle more container ships, reports indicate. The container vessel Maersk Dalton completed the maiden trial run between the Chennai Port Trust and Kattupalli Port. During the trial run, officials tested the syste