IndiaĆĀ“s largest consumer goods company Hindustan Unilever has sold its erstwhile headquarters Lever House at Churchgate in south Mumbai to its current tenant, Housing Development Finance Corporation, for around Rs 300 crore.
Category: Infrastructure Finance
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Infra sector needs alternative sources of finance
Infrastructure is one of the top priorities for the Indian government. The right policy framework will give confidence to both domestic and international investors and create a competitive environment to deliver cost-effective services to end-users.
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The infrastructure story is waiting to unfold
Infrastructure is the backbone on which the economic and social wellbeing of any country hinges. Though India has emerged as the third largest economy, its GDP growth rate slowed down to less than 5 per cent in FY 13-14, as against a CAGR of 8.4 per cent during 2003 - 2010.
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Infrascape 2015
Infrastructure plays a very significant role in economic development. The government has outlined various infrastructure development initiatives in the country, which include smart cities, nationwide connectivity networks of roads, power, gas and water grids.
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India invites Arab capital in infrastructure
India has invited members of the 22-nation League of Arab States to invest in the country, notably in the infrastructure space, while also calling upon them to benefit from the ĆĀ“Make in IndiaĆĀ“programme of Prime Minister Narendra Modi.
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New norms for infrastructure bonds
The RBI has allowed banks to extend loans up to Rs 10 lakh to individuals against long-term infrastructure bonds issued by them, thus easing loan norms for low-cost housing.
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Maharashtra wants infra project funds
The Maharashtra government has contacted the Centre, demanding release of pending funds for major infrastructure projects in Mumbai and across the State. The letter was handed over by CM Devendra Fadnavis to Union Urban Development minister M Venkaiah Naidu.
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Foreign venture funds enter infra space
The Indian infrastructure space is set for a major fund-boost worth billions of dollars from foreign venture capital investors as regulator SEBI has removed a lacunae in norms to allow such investments.
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RBI may ease debt recast rules
Prime Minister Narendra ModiĆĀ“s ĆĀ“Make in IndiaĆĀ“ initiative may come to the rescue of an industry that has its fate closely tied to economic cycles - shipbuilding.
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Centre approves Chennai monorail project
The BJP-led Central government has given its ĆĀ“in-principleĆĀ“ clearance, with certain conditions, for the first phase of Chennai Monorail Project (CMP).