The Japan International Cooperation Agency (JICA) has approved a loan of about Rs 674 crore for a forest project in Uttarakhand. The loan at a concessional interest rate of 0.30 per cent carries a repayment period of 40 years with a grace period of 10 years.
Category: Infrastructure Finance
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SBI inks deal with Reliance Money Infra
State Bank of India (SBI) has signed up Reliance Money Infrastructure (RMIL), an Anil Ambani Group company, in a 'business correspondent' deal to source a range of banking services.
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WB loan for rail corridor
The World Bank has sanctioned a loan of $1,100 million for the construction of a 393-km double line on the Mughalsarai-Bhaupur section of the Eastern Dedicated Freight Corridor project.
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IDFC Q4 profit dips 51 per cent
IDFC saw its fourth quarter consolidated net profit drop 51 per cent as income remained largely flat and expenses almost doubled. In the January-March period, the infrastructure finance company posted a net profit of Rs 258 crore against Rs 526 crore,
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CSL appoints new finance director
D Paul Ranjan has assumed charge as Director (Finance) of Cochin Shipyard Ltd (CSL) from 1 May 2014. A Chartered Accountant by profession, Paul Ranjan joined the company as executive trainee in 1984.
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Finmin move to make spectrum a tangible asset
The finance ministry is preparing a draft note on making spectrum a tangible asset so that the airwaves can be considered as collateral by financial institutions for lending to telecom companies.
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Telecom operators prepare wishlist for next government
The telecom industry has prepared its wish list for the next communications minister, with speedy introduction of spectrum trading and sharing policies and favourable merger and acquisition rules topping the demands.
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Videocon Telecom to invest Rs 1,240 cr
Videocon Telecom will invest Rs 1,240 crore mainly in network expansion and infrastructure in four service circles. According to Videocon Telecom Director and CEO Arvind Bali
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Cairn India annnounces financial results
Cairn India Ltd (CIL) has announced its annual financial results for the period ending 31 March 2014. The result recorded a revenue of Rs 18,762 crore ($3.1 billion), up 7 per cent YoY on account of enhanced volumes
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RBI Governor pays heed to TAC recommendations
Reserve Bank Governor Raghuram Rajan in his April 1 review kept the policy rates unchanged in view of high inflation and uncertainly on the political and economic front. The governor has paid heed to the recommendations of the Technical Advisory Committee (TAC) on Monetary Policy.