The Reserve Bank of India (RBI) has delegated to banks the power to approve in cases where the average maturity period of fresh external commercial borrowing (ECB)
Author: admin (Infratructure Today)
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SIDBI to get JICA aid for MSME initiatives
The Small Industries Development Bank of India (SIDBI) has signed a loan agreement worth about Rs 1,800 crore with Japan International Cooperation Agency (JICA)
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IDA assistance for Mizoram project
A credit agreement for World Bank assistance of $107 million for Second Mizoram State Roads Project (MSRP II)
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Hinduja Group to invest in infra projects
Hinduja Group is planning to invest $10 billion in unfinished power plants and infrastructure projects in India that have been languishing as non-performing assets with banks.
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DPDHL to invest €100 M
Deutsche Post DHL (DPDHL) is set to invest €100 million (about Rs 797 crore) over the next two years in India
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PowerGrid to raise Rs 5,000 crore
Power Grid Corporation of India (PGC) is looking to raise up to Rs 5,000 crore by offering bonds with 5-, 10- and 15-year maturities.
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ADB raises Rs 300 cr
Asian Development Bank (ADB) has raised Rs 300 crore from its maiden issuance of offshore Indian rupee-linked bonds.
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Steps initiated to corporatise ports
The Union government has initiated steps aimed at corporatising India´s major ports and has started the process for appointment of a world-class consultant to come out with a draft report for amendments in the relevant act do so.
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New SPV to develop last-mile port connectivity
The Shipping Ministry is looking at setting up a special purpose vehicle (SPV) for all major ports to provide last-mile rail connectivity.
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Essar terminal at Paradip gets land
The Odisha Industrial Infrastructure Development Corporation (IDCO) has initiated the process to handover land identified for a coal terminal of Essar Steel at Paradip after getting green signal from the government.