With the Reserve Bank of India (RBI) releasing guidelines for new bank licences, a slew of industry conglomerates are interested to make a foray into banking business. One among them is the Chennai-based Shriram Group, promoted by R Thyagarajan.
Category: Infrastructure Finance
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Canadian envoy raises concern
Canadian High Commissioner to India Stewart Beck pointed out that there are many problems on the regulatory side especially in the mining sector like land acquisition and land ownership issues. It is very difficult for Canadian companies to understand the
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DMRC gets Rs 31 bn
Union Budget 2013-14 allocated Rs 3,120 crore to the Delhi Metro Rail Corporation (DMRC) for the construction of Metro Phase III. This is higher than the Rs 2,200 crore outlay that the corporation received in 2012-13.
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railways needs more private investment
Experts suggest Indian Railways to attract more private players in order to attain the targeted investment in the sector during the 12th Five Year Plan (2012-17).
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Govt likely to get Rs 23,000 cr
The government is likely to get over Rs 23,000 crore through one-time spectrum fee that has been levied on mobile operators for holding spectrum beyond a prescribed limit, Minister of State for Communications and IT Milind Deora informed.
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Survey expects rebound in economy in 2013-14
The Economic Survey for 2012-13 expects the Indian economy to grow between 6.1 and 6.7 per cent in 2013-14, which is higher than the advance estimate of 5.0 percent growth in the current financial year. The survey has
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IIFCL works towards regular credit enhancement scheme
SK Goel, Chairman of India Infrastructure Finance Company (IIFCL) informed that the firm was working towards launching a regular credit enhancement scheme from April. According to the scheme, the financial institution would provide partial guarantee to bonds issued by infrastructure firms and this would improve the credit rati
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Power Finance Corp cuts renewables interest rates
Power Finance Corporation has reduced its interest rates for renewables projects by 50 basis points, equating to a 0.50 per cent cut. The State lender to electricity utilities claims to have approved Rs 23.13 billion ($430 million) for 611 mw of renewable capacity in the year ending March 2012. According to Bloomberg, the company has lent a total Rs 53.73 billion to wind, solar and hydro projects.
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Report expects easing of home prices in Mumbai
In a research report on real estate sector, Kotak Institutional Equities said it expects property prices in key markets like Mumbai and national capital region to ease because of unaffordable prices, lower demand and liquidity issues. Prices in Mumbai, Gurgaon rose earlier because of delay in the launch of new projects, the report said. Laun new projects, the report said. Laun
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Delhi may become India’s costly commercial realty spot
When it comes to soaring commercial realty prices, Delhi-NCR region may soon beat other destinations in India. At least three reports on the sector point to the national capital gaining compared to many other destinations in the country. According to real estate consultant Cushman & Wakefield, New DelhiÂ’s Connaught Place has emerged as the worldÂ’s fourth most expensive office location, gaining one position over last year.