Category: Infrastructure Finance

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RCom to invest Rs 1,500 crore in FY13

RCom to invest Rs 1,500 crore in FY13

Reliance Communications will invest Rs 1,500 crore in optimising telecom network and data services this fiscal. The investment will be made across the company’s network in India as well as its global cable network.

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WB funds for Kerala roads

WB funds for Kerala roads

The World Bank is to provide more funds for road development in Kerala. The Bank has already committed its aid to the second phase of the Kerala State Transport Project (KSTP).

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Provide more sops to SEZs

Provide more sops to SEZs

Despite recent reforms, SEZs need further policy push. Compared with the country’s overall export growth of 23 per cent, exports from SEZs grew just over 15 per cent in 2011-12.

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Nomura CEO quits

Nomura CEO quits

Nomura Holdings Inc CEO Kenichi Watanabe resigned over a widening insider trading scandal and will be rep­laced by company veteran Koji Nagai, as Japan’s top investment bank warned additional cases could come to light.

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On a double growth

On a double growth

India Infrastructure Finance Company’s (IIFCL) net profit has more than doubled to Rs 678 crore (Rs 330 crore) for the year ended 31 March 2012, aided by a big jump in net interest margin.