Arun Jaitley, Minister of Finance, Corporate Affairs and Defence has released a CII (Confederation of Indian Industry) CII reports on transparency and ethics in the real-estate sector. He also launched the CII Centre for Arbitration and Mediation during the Annual Session of CII with the theme ‘Future of Globalisation: Can India Lead?’
Category: Infrastructure Finance
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Maharashtra ‘best place’ to invest, says CM Fadnavis at India-Italy Investment Forum
The India-Italy Investment Forum was organised in Mumbai by the Italian Trade Commission/Trade Promotion office of the Embassy of Italy in New Delhi, in collaboration with Confindustria (the Confederation of Italian Industries) and CII.
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HUDCO plans to raise Rs 1,200 crore via IPO
The Housing and Urban Development Corporation (HUDCO) plans to garner Rs 1,200 crore via an Initial Public Offering (IPO). The objective of this IPO is to carry out the CentreÂ’s divestment plan in this entity, of 2 crore equity shares.
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IRB to raise Rs 4,300 crore through InvIT Fund
IRB InvIT Fund will become IndiaÂ’s first such fund. Currently, IRB has road assets close to Rs 30,000 crore (Rs 19,000 crore are operational; Rs 11,000 crore is under construction).
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HDFC Bank to raise Rs 50,000 crore via infra bonds, debt securities
HDFC Bank has said that it will raise up to Rs 50,000 crore through debt securities and infrastructure bonds over the next 12 months. In a filing to the BSE, the institution said the Board has approved the issue of debt instruments, Tier-II bonds and long-term infrastructure bonds of up to Rs 50,000 crore.
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PNB Housing Finance signs MoU with CREDAI to train 8,000 construction workers
Taking forward its commitment to the cause of improving the lives of construction workers, PNB Housing Finance has signed an MoU with CREDAI (Confederation of Real Estate DevelopersÂ’ Association of India) to train 8,000 construction workers, pan India.
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India emerges as favoured destination for Bangladeshi investment
Effective and fast-track implementation of decisions taken by the governments of India and Bangladesh has resulted in enhancement of trade and investment between the two nations, said Veena Sikri, Former Ambassador of India to Bangladesh, at a FICCI seminar on ‘Doing Business with Bangladesh’.
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CITIC Investment Co delivers China Zun Tower in an innovative factory setting
China Zun Tower, part of the rejuvenation of BeijingÂ’s Central Business District (CBD), is a symbol of the countryÂ’s national identity. The skyscraper will be home to CITIC Group and CITIC Bank headquarters and attract international financial institutions and top 500 enterprises of China to Beijing.
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Note-ban, polls impact cement companiesÂ’ Q4 bottom-line, says India Ratings
Cement production would have shrunk in the March quarter primarily due to the base effect coupled with the note-ban-induced cash crunch and polls in many states during the period, says a report.
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Real estate developers welcome GST implementation
Real estate developers have welcomed the implementation of the Goods and Services (GST) Tax. According to them, GST will greatly improve a fractured tax system and help create an integrated Indian market.