Credit growth in the banking sector stood at 14.12 percent as of March 22 on a year-on-year (yoy) basis compared to the Reserve Bank of India (RBI)'s target of 16 percent for 2012-13. Similarly, bank deposits expanded 14.26 percent as of March 22 on a yoy basis, compared to the central bank's comfort level of 15 percent
Author: admin (Infratructure Today)
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Indian firms keen to raise funds from global mkt
Analysts opine that many Indian companies are interested to refinance their rupee debt by raising funds in the global market at a lower interest rates as compared to the domestic rates. Given the flexible terms and low rates, investors and fund managers are reportedly exploring the cheaper US lo
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Suryoday may get $11 mn capital infusion from IFC
Pune-based micro finance institution Suryoday Microfinance may get $11 million funding from the International Finance Corporation (IFC) in order to expand its operations. The private sector investment arm of the World Bank considers to infuse the capital in the microfinance firm through external commercial borrowing (ECB) route in the form of quasi-equity and senior
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SKS gets Rs 31 bn funding inflow in FY13
The total incremental funding inflow received by SKS Microfinance in 2012-13 more than doubled to Rs 3,150 crore from Rs 1,434 core in 2011-12. The funding inflow in 2012-13 includes Rs 1,207 crore received through 12 securitisation transactions with seven funding partners, an incremental debt of Rs 1,68
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Gannavaram Airport project in AP faces hurdles
Airports Authority of India and the Andhra Pradesh Government entered into a memorandum of understanding in 2007 for the expansion of Gannavaram Airport in Vijayawada, but chances of the MoU turning into reality are bleak in near future.
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CMRL to set up airport check-ins at its Central stn itself
The Chennai Metro Rail (CMRL) proposes to introduce airport check-in facility at its Chennai Central station. An official with CMRL said that flyers who wish to take the Metro to reach the airport can opt to complete check-in procedures and collect the boarding pass at Chennai Central metro station itself.
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New regulator to replace DGCA
The Union government is planning a new aviation regulator to replace the present Directorate General of Civil Aviation (DGCA). To facilitate formation of the new aviation regulator a bill is likely to be tabled in the Parliament in the next part of the Budget Session starting later this month.
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L&T to construct Abu Dhabi Airport’s terminal complex
L&T Construction is to commence work on an airport terminal project in Abu Dhabi this month. The construction period of the project is 28 months. The terminal complex is expected to be commissioned by 2017, said a statement from the firm. L&T has secured the project for $256.77 million.
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Megawide, GMR may bid for Philippines airport project
For development of Mactan-Cebu International Airport (MCIA) in Philippines, a southeast Asian country, Megawide Construction Corp has reached an understanding with Indian infrastructure developer GMR Group. According to a recent filing by Megawide with the Philippines Stock Exchange, the tie-up between both the companies will come through only when the airport contract is awarded to them.
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AAI team inspects new terminal at Kolkata airport
The new integrated terminal at Kolkata airport on April 4 was inspected by four officials from Airports Authority of India's planning department. The move follows complaints about the terminal's built quality and service by both passengers and MPs Derek O'Brien, Saugata Roy and Gurudas Dasgupta since it was commissioned three weeks ago.