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
Category: Infrastructure Finance
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Reliance raises Jaypee funds
Reliance Power has initiaĆĀ”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
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$1.5 bn FDI in telecom
In the first two months of the current fiscal, the foreign direct investment (FDI) in the telecom sector has registered US$ 1.5 billion against US$ 9 million in the corresponding months of the previous year.
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Vijaya Bank announces financial results
The Board of Directors of Vijaya Bank has approved the reviewed financial results of the bank for the quarter ended June 30th, 2014.
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Budget: Leapfrog from infra trampoline
The Union Budget 2014-15 presented by Finance Minister Arun Jaitley has laid an infra tarpaulin and created a mood for growth. An eBiz integrated portal where all ministries would be integrated by December is underway to facilitate business. The allocations are across the spectrum of infrastructure, manufacturing and social sectors.
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RCom to raise Rs 4,300 cr
Reliance Communications plans to raise Rs 4,300 crore by way of a qualified institutional placement of shares and a preferential offer to promoters.
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RBI fixes timelines for regulatory nods
Now, private entities aspiring to set up banks can expect to hear about the status of their applications from the Reserve Bank of India (RBI) in 90 days. The 90-day period for issue of in-principle approval for private bank licences would commence
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Finance Ministry looks to divest stakes in 7 PSUs
The finance ministry is working on a road map to divest stake in seven big state-run companies, which include Coal India, SAIL, MMTC, NMDC, NHPC and Nalco.
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Three petrochem investment regions to come up
Government is considering setting up three new petrochemical investment regions in the coastal areas of Karnataka, Maharashtra and West Bengal. At present, there are four such regions - Dahej in Gujarat, Paradeep in Odisha
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Governments do not have magic wands for economic revival
The Government is taking all the necessary steps to revive the economy. It has taken quick decisions and is also focusing on executive and administrative capability to implement them.