The Union government has initiated steps aimed at corporatising India´s major ports and has started the process for appointment of a world-class consultant to come out with a draft report for amendments in the relevant act do so.
Category: Infrastructure Finance
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First and Only Chinese Mainland Bank in India
Industrial and Commercial Bank of China Limited, Mumbai Branch (Hereinafter referred to as ¨the Branch¨) is the first and only representative of Chinese mainland banks in India and was granted the final license by Reserve Bank of India on May 16, 2011.
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Global pension funds have both liquidity and appetite for long-term investments
In a freewheeling conversation, Moses Harding, Group CEO and Chief Economist, Srei Infrastructure Finance Limited, says that he is bullish over the prospects of the infrastructure finance sector.
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US gives infra initiative draft MoU
India and the US have identified areas where the two countries can start immediate collaboration, which include investment, cluster-related initiatives, investment summit and identification of projects
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Gayatri Proj to raise capital
The Board of Directors of Gayatri Projects Ltd has decided to double the authorised capital of the company, from Rs 40 crore to Rs 80 crore, to increase the borrowing power of the company and to raise additional funds
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ICICI Bank plans infra bonds
ICICI Bank is planning to raise Rs 1,000 crore of funds through infrastructure bonds. The lender is planning to issue 10-year bonds worth Rs 500 crore with an equal
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ILFS IML to raise $1 bn
IL&FS Investment Managers Ltd (ILFS IML), the private equity arm of IL&FS, will raise about $1 billion (Rs 6,000 crore) from primarily overseas investors to invest in roads,
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Rs 5 lakh crore needed to complete sanctioned rail projects
Railways need nearly Rs 5 lakh crore to complete all sanctioned projects for which it is mobilising additional resources including private investment, FDI and private-public partnership.
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WB sees enormous infra funding needs
The World Bank (WB) has committed around $18 billion of financial assistance to India over the next three years. India and the other member of the emerging economies have demand larger say in the governance of the WB
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Reliance raises Jaypee funds
Reliance Power has initia¡ted discussions with the Singapore government-owned investment firm, Temasek Holdings, to raise up to $500 million and tie up funding for the three Jaypee Group hydroelectric power assets that it is acquiring