China Zun Tower, part of the rejuvenation of BeijingĂâs Central Business District (CBD), is a symbol of the countryĂâs 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.
Category: Infrastructure Finance
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Note-ban, polls impact cement companiesĂâ 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.
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Toll-operate-transfer scheme may net Rs 40,000 crore | CRISIL Research
CRISIL Research estimates that the first 75 operational highway projects tendered under the toll-operate-toll (TOT) model may fetch around Rs 40,000 crore, much lower than what the government had initially estimated.
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Securitised vehicle finance pools shrug off demonetisation with a ĂâVĂâ rebound
Collections in securitised pools of vehicle loan receivables rated by CRISIL saw a V-shaped recovery in January 2017 collections (payouts made in February 2017), rebounding to ~95 per cent from ~85 per cent in November, and virtually shrugging off demonetisation. On the other hand, pools backed by microfinance (MFI) receivables are under stress and being closely monitored, while those backed by home loans have remained unaffected.
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Delhi Government asks CII to collaborate for a GST Call Centre
The Confederation of Indian Industry (CII) organised its Delhi State Annual Session and a business conference. Manish Sisodia, Deputy Chief Minister, Government of NCT of Delhi, inaugurated the business conference. He said, ĂâThe upcoming GST will be a tsunami of tax reforms and the small medium sector of Delhi might struggle to understand its fundamentals.Ăâ
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Committees on digital payments submit recommendations
A committee had been constituted by the Department of Economic Affairs, under the Chairmanship of Ratan P Watal, former Finance Secretary and Principal Adviser, Niti Aayog, in August 2016 to review medium term measures necessary to promote digital payment systems in the country. This Committee on Digital Payments has recommended structural reforms in the payment ecosystem, including amendments to the Payment and Settlement Systems Act, 2007.
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Crystal Logistic Cool Chain raises funding from NEEV Fund
Private equity firm Neev Fund, which is backed by IndiaĂâs largest lender State Bank of India, has struck its second deal this year in a cold chain logistics service provider, a person familiar with the development has told VCCircle.
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We tend to thrive in volatile environments
We have been in business for nine years; our 10th year anniversary is in July. We always found that economic environments that are increasing or contracting are best for us. I might say it in another way. We tend to thrive in volatile environments where organizations are required to be ready for change.
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Housing not ‘Infra Dig’ any more
Industry sectors like housing, cement, et al have been clamouring to be allowed into the hallowed precincts of infrastructure for quite some time. Apart from the recognition of contributing to nation building, to be admitted as a member of the so called "Infrastructure Club" also offers the lure of easier financing norms.