Bankers moved to recast bulky loans in the January-March quarter ahead of a change in rules which will lead to restructured loans being categorized as bad loans, attracting a minimum provision of 15 per cent, mentioned a business news paper.
Author: admin (Infratructure Today)
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Government amends norms for financial support to PPP
The Government has approved amendments to the Public-Private Partnerships (PPP) guidelines to enhance financial support to projects in infrastructure sector.
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TN seeks tie-up with Asian bank
The Tamil Nadu Government has asked the Asian Infrastructure Investment Bank to join hands with the state to promote a new Tamil Nadu Infrastructure Fund Management Company (TNIFMC).
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Jain Irrigations agri-NBFC arm raises Rs.112 crore
Jain Irrigation announced that its subsidiary Sustainable Agro-commercial Finance Ltd (SAFL) - a non-banking finance corporation - has raised funds worth Rs 112 crore in a mix of equity shares and long term debt.
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GMR Infra to raise Rs.4,000 cr
GMR Infrastructure plans to raise Rs 4,000 crore by FY16 through divestment of assets and share sale to reduce debt and ease cash flow. The loss-making infrastructure company plans to divest projects, monetise land assets and sell stake at holding company level to raise funds.
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Alstom producing coaches for kochi metro
Manufacture of Kochi Metro coaches commenced at Sri City manufacturing unit of Alstom Transport India Ltd.
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Essar Power MP Ltd. Completes Acquisition of Tokisud North Coal Block
Mumbai, March 24th, 2015: Essar Power MP Limited, a subsidiary of Essar Power, one of IndiaĆās leading private sector power producer, today said that it has signed the Coal Mine Development and Production Agreement with the Government of India for the Tokisud North coal block in Jharkhand and has also completed all other formalities.
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2015 Pulse of the Profession
As PMI looks at the state of project, program and portfolio management in 2015, we see that a number of global dynamics are forcing organizations to take a more critical look at how they operate.
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New Innovation from Sennebogen in Energy Saving
SENNEBOGEN is characterised by technical innovations in every area, as well as its strong tradition. The history of the company shows that, since it was founded in 1952, & over the years has made its name around the world as one of the leading German manufacturers of Material Handling Machines, Harbour/Port Cranes, Telescopic Cranes, Demolition Machines, Pick and Carry Machines, Crawler Cranes, HD Crawler Cranes (Duty Cycle) and Construction Cranes.
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VOX POP
The Finance Minister has taken a very pragmatic approach and crafted a Budget in a manner which can provide a boost to both infrastructure and manufacturing which will create employment and also augment IndiaĆĀ“s competitiveness vis-a-vis its peers and at the same time adhered to the Prime MinisterĆĀ“s ĆĀ“Make in IndiaĆĀ“ vision