As the Railways stares at Rs.32,000-crore additional costs for implementing the Seventh Pay Commission recommendations, Railway Minister Suresh Prabhu
Category: Infrastructure Finance
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NHAI, L&T lock horns over funds
The Union Ministry of Road Transport and Highways has given a jolt to L&T
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Modi launches Neev Fund in UK
India´s first low-income state infrastructure equity partnership (the Neev Fund) was launched by Prime Minister Narendra Modi in UK in the presence of David Cameron, Prime Minister, United Kingdom.
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Signing of MoU between IIFCL and PFS
India Infrastructure Finance Company Ltd. (IIFCL) and PTC India Financial Services Ltd (PFS) signed a Memorandum of Understanding (MOU) at IIFCL New Delhi, expressing the intent of both parties to strengthen cooperation in co-financing or consortium financing of various infrastructure projects through working together by joint pooling of respective complimentary resources.
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PM Narendra Modi invites China to join solar alliance
Ahead of the crucial Paris climate talks, Prime Minister Narendra Modi invited China to join the International Solar Alliance proposed by India. Modi extended the invitation to China during a meeting with his Chinese counterpart Li Keqiang on the sidelines of ASEAN-India Summit.
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Investments in AIFs to get a boost on RBI notification
Alternate Investment Funds may soon be flush with money after the RBI notified that NRIs and foreign portfolio investors (FPIs) will be allowed to invest and trade in this category of funds.
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Essar Ports successfully delists at Rs.133 per share
The Ruias-controlled Essar Ports Ltd will cease to exist as a publicly traded company as its promoters have successfully delisted the firm. JM Financial Institutional Ltd, manager to the delisting process, said that the delisting offer would be deemed to be successful. The delisting price was fixed at Rs.133 a share.
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Cochin Shipyard to raise Rs.600-700 cr
Cochin Shipyard, which recently received Cabinet clearance for an initial public offering, is planning to raise Rs.600-700 crore to support the company´s Rs.2,500 crore investment in the ship repair facility and a new dry dock.
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MIAL eyes development fee to fund two metro stations
Mumbai International Airport Limited (MIAL) has approached the Airports Economic Regulatory Authority (AERA) with a plea to levy a development fee of `50 per embarking domestic passenger and Rs.100 per embarking international passenger.
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Exemplary Figure
Former RBI Deputy Governor Subir Gokarn has been appointed as an Executive Director on the board of the International Monetary Fund (IMF).