Asian Development Bank (ADB), which is in the process of offloading its 5.2 per cent shareholding in Petronet LNG is set to get a buyer as Indraprastha Gas is interested in picking up the stake. Although Petronet's promoter companies IOC, ONGC, GAIL and BPCL were originally interested in buyi
Category: Infrastructure Finance
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JNPT to spend fund on land reclamation
Reports suggest that the Jawaharlal Nehru Port Trust (JNPT) would spend the amount raised through its upcoming bond issue for land reclamation activities for the proposed fourth terminal. The port plans to raise Rs 2,000 crore through issue of tax-free infrastructure bonds for its expansion
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RBI may soon release final norms on bank licences
Anand Sinha, Deputy Governor of the Reserve Bank of India (RBI) informed media persons that the central bank would soon release the final guidelines on new banking licences. He said this while speaking to reporters on the sideli
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RBI may soon release final norms on bank licences
Anand Sinha, Deputy Governor of the Reserve Bank of India (RBI) informed media persons that the central bank would soon release the final guidelines on new banking licences. He said this while speaking to reporters on the sideli
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Centre upgrades 6 highways in AP to national highways
Andhra Pradesh Chief Minister N Kiran Kumar Reddy thanked the central government for upgrading six state highways in the state into national highways. The six highways are Naidupeta-Renigunta; Sangareddy-Nanded-Akola; Mydukur-Gooty; Rayachoti-Kurabalakota; Hyderabad-Srisailam-Thokapalle and a stret
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RBI allows infra finance firms to borrow more via EBCs
Infrastructure finance companies can raise funds upto 75 per cent of their net worth through external commercial borrowing (ECB) without seeking clearance from the Reserve Bank of India (RBI). This is because the central bank liberalised the norm in or
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Rangarajan favours non corporates for bank licenses
Agency reports suggest that C Rangarajan, Chairman of Prime Minister's Economic Advisory Council wants the Reserve Bank of India (RBI) to give first priority to non-corporate applicants for banking licenses. Rangarajan has reportedly said that the central bank must look at various types of financial institutions that
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2012 sees fall in private equity investments
Data from Venture Intelligence shows that private equity (PE) players invested $8.9 billion over 406 deals in India during 2012 compared with $10.4 billion across 483 deals the previous year, which is a fall of 14.7 per cent. The decline in investment is attributed to delays in fund deployment by the PE firms. According to some indu
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Corporate bond market
In order to develop a vibrant corporate bond market, the Union Finance Ministry is planning some steps in collaboration with Reserve Bank of India (RBI) and the Ministry of Corporate Affairs (MCA).
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Stiglitz cautions against bank license to corporates
At a time when Reserve Bank of India (RBI) is planning to give banking licenses for new players, some experts caution against allowing corporates to set up banking business. Highliting the risk of conflict of interests, Nobel laureate Joseph Stiglitz said corporates should not be allowed to enter banking