Dhamra Port Company Ltd (DPCL) is an equal joint venture (JV) between the Tatas and Larsen & Toubro (L&T). DPCL is implementing the Dhamra port development project. The port has sought 745 acre of land to facilitate its second phase expansion. This project phase is likely to cost Rs 10,000 crore.
Author: admin (Infratructure Today)
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Banking licence likely to provide IDFC access to low-cost bank deposits
IDFC Ltd has won a banking licence as per a recent RBI announcement. A banking licence would provide a window to IDFC to access low-cost bank deposits and reduce reliance on high-cost term loans and, thus, help expand margins. The company was set up in 1997 as a specialised lender for big-ticket infrastructure project with long gestation period.
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RBI considers India Post banking licence application
The Reserve Bank of India (RBI) has decided on Apri 2, 2014 to grant "in-principle approval to two applicants viz., IDFC Ltd and Bandhan Financial Services Pvt Ltd, to set up banks under the guidelines on licensing of new banks in the private sector issued on February 22, 2013. The High Level Advisory Committee (HLAC) set up by the RBI has recommended the above mentioned companies as suitable for grant of in-principle approval. The HLAC also recommended that application of Department of Post for
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RBI grants in-principle approval for banking licences to IDFC and Bandhan
The Reserve Bank of India (RBI) has decided on April 2, 2014 to grant Ăâin-principleĂâ approval to two applicants viz., IDFC Ltd and Bandhan Financial Services Pvt Ltd, to set up banks under the Guidelines on Licensing of New Banks in the Private Sector issued on February 22, 2013 (Guidelines). These two applicants were also recommended as suitable for grant of Ăâin-principleĂâ approval by the High Level Advisory Committee (HLAC) set up by the RBI. The HLAC had also recommended that in the case of D
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RBI maintains status quo on repo rate and cash reserve ratio
On April 1, 2014 Reserve Bank of India Governor Dr. Raghuram G. Rajan in his First Bi-monthly Monetary Policy Statement for 2014-15 has announced the monetary and liquidity measures based on an assessment of the current and evolving macroeconomic situation. RBI has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent; keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liability (NDTL)
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Global economy recovery is on track in 2014: RBI
The Macroeconomic and Monetary Developments 2014-15 update is released by Reserve Bank of India along with its first bi-monthly monetary policy statement for 2014-15. As per the macroeconomic update, the recovery of the global economy is on track in 2014, though tightening financial conditions and the divergence in inflation pose risks. Since the January 2014 monetary policy statement, global growth outlook remains broadly unchanged though weaker initial data to some extent cloud optimism. Globa
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Indian economy is set on a dis-inflationary path: RBI
The Macroeconomic and Monetary Developments 2014-15 update is released by Reserve Bank of India along with its first bi-monthly monetary policy statement for 2014-15. As per the macroeconomic update the Indian economy is set on a dis-inflationary path, but more efforts may be needed to secure recovery. While the global environment remains challenging, policy action in India has rebuilt buffers to cushion it against possible spillovers
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Industrial growth stagnating: RBI
The Macroeconomic and Monetary Developments 2014-15 update is released by Reserve Bank of India along with its first bi-monthly monetary policy statement for 2014-15. As per the macroeconomic update, the industrial growth is stagnating. The Index of Industrial Production (IIP) showed no increase during April-January 2013-14, compared with 1.0 per cent growth in the corresponding period of the previous year. This stagnation in growth over two years reflects subdued investment and consumption dema
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JLL: Reaction To RBI Policy Rate Announcement – Anuj Puri
Anuj Puri - Chairman & Country Head, JLL India says that it has been clear that over the last few months, the RBI been looking for the right circumstances to bring down the repo rate. However, it is also clear that it still perceives a threat of inflation going up again in the near future. As such, the RBI is clearly without choices in the matter. The least it could do to remain equitable to all business sectors was to keep the repo rates on hold, which it has done.
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Our assistance purely depends on the bilateral relationship
The Japan International Cooperation Agency (JICA) is cautious to comment on the progress of the Delhi-Mumbai Industrial Corridor (DMIC). The DMIC project being a greenfield, that has taken a long time and faced land-acquisition delays, has made JICA alter their strategy for other projects in the country especially on Chennai-Bengaluru-Industrial Corridor (CBIC).