Asian Development Bank (ADB) will provide $7-9 billion loan to India over the next three years. Besides, it will also provide about $30 million for technical assistance grants
Category: Infrastructure Finance
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RBI relaxation for ECB refinance
The Reserve Bank of India (RBI) has delegated to banks the power to approve in cases where the average maturity period of fresh external commercial borrowing (ECB)
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DPDHL to invest €100 M
Deutsche Post DHL (DPDHL) is set to invest €100 million (about Rs 797 crore) over the next two years in India
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ADB raises Rs 300 cr
Asian Development Bank (ADB) has raised Rs 300 crore from its maiden issuance of offshore Indian rupee-linked bonds.
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Steps initiated to corporatise ports
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.
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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