Bharti Airtel, India's top mobile phone carrier, plans to raise $750 million to $1 billion through a global bond issue to retire its costly Africa debt and fund expansion there.
Category: Infrastructure Finance
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Rural disbursals fall
During fiscal 2010-11, Nabard sanctioned project loans worth Rs18,315 crore as against Rs15,630 crore in the previous fiscal year.
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View from the US: Giant awakening
Political and policy issues have been a deterrent to the United States' investment in Indian infrastructure projects.
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Kotak to float infra fund
The Kotak Mahindra Group has plans to raise private equity funds of about $300 million from both domestic and international investors to invest in infrastructure projects in India.
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Broadband in 5 lakh villages in 18 months
The Telecom Ministry aims to provide rural wireless broadband connections to over five lakh villages in one-and-a-half years and will provide a subsidy to both state-owned and private service providers from the Universal Service Obligation Fund.
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Banks should increase their size to participate in the huge infra lending opportunities
Corporation Bank’s lending grew 30 per cent last year, and its confidence in infra-lending is evident. The high growth will continue, according to Chairman and Managing Director Ramnath Pradeep.
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Private Equity: Telecom's infra-sharing model can be replicated in other sectors
IDFC was established in 1997 to channel the private capital into the infrastructure sector, and IDFC Private Equity was established in 2002-3 to provide equity support to infrastructure sector.
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Rs 5 lakh crore in 2012-2017
The telecom sector will witness investments to the tune of Rs 5 lakh crore in the next Plan (2012-2017).
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GoI to standardise infra definition
In order to bring about uniformity and target concessions to the right segments, the government will decide on the segments that will be classified under infrastructure sector.
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HCC redeems FCCBs
Hindustan Construction Company has made payment towards redemption of the outstanding Zero Coupon Convertible Foreign Currency Bonds along with the accumulated redemption premium at the redemption price of 137.7 per cent of the principal amount.