The BJP-led Central government has given its ´in-principle´ clearance, with certain conditions, for the first phase of Chennai Monorail Project (CMP).
Category: Infrastructure Finance
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India eyes $40-bn pipeline from Russia
The Narendra Modi-led government plans to import huge volumes of natural gas from Russia. The Centre is working out the contours of a $40-billion (Rs 2.4 lakh-crore)
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Infrascape 2015 – Between RBI´s policies that are being
Between RBI´s policies that are being put in place to turnaround the economy and a strong government that is making grass root level changes, there will be renewed interest in the infrastructure sector. Other measures that are on the new Government´s agenda are creating a business friendly environment and kick starting the infrastructure sector.
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Infrascape 2015 – Having observed the new government´s working …
Having observed the new government´s working and measures taken to boost the economy and push growth, how will this change the scenario as the political party at the Centre galvanises the industry in the short, medium and long term? Infrastructure is one of the top priorities for the Indian government.
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Assets of India´s financial institutions reach $2.8 trillion
According to a report, the total value of assets held by India´s financial institutions touched $2.8 trillion, the third largest among BRICS nations, in 2013.
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SBI seeks flexibility in lending rules by RBI
The State Bank of India (SBI) has urged the Reserve Bank of India (RBI) to allow flexible lending rules including restructuring loans given to existing projects in line with revised cash flows available for debt refinancing
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IDBI Bank raises Rs.2,500 crore
IDBI Bank has raised Rs 2,500 crore through Basel-III-compliant additional Tier-I (AT-I) bonds to enhance its capital adequacy. The coupon (interest rate) for AT-I bonds is 10.75 per cent payable annually.
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PE investments touch $3.1 bn in July-September
Private equity (PE) investment in the July-September quarter reached $3.1 billion, registering a growth of 47 per cent over the corresponding period last year, says a report.
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Gati arm raises Rs.150 crore
Gati Kausar India, the cold chain arm of Gati Ltd, is raising Rs 150 crore ($24.45 million) from Mandala Capital.
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Essar Group raises $450 mn
The Essar Group has achieved financial closure for the $1.8 billion Minnesota Mining project making some headway six years after the asset was acquired. The group has raised $450 million from a clutch of New York based funds to fund the expansion of the mine.