Amid the Reserve Bank of India's (RBI) tightening norms, overseas investment by Indian companies declined sharply to $1.94 billion in August. The RBI has clamped norms for outbound investments by the domestic firms to contain rupee slide. A month ago in July, the Indian firms had invested $ 3.24 billion in their various entities overseas.
Tag: August
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Paradip port handles 21% more cargo in Aug
During the last August, Paradip Port Trust (PPT) handled 5.91 million tonne (mt) cargo of imports and exports, compared with 4.88 mt handled in the same month last year, registering a growth of 21.07 per cent. The August figure is also 13.29 per cent higher than the target fixed for the month. During the month, 2.42 mt cargo was exported and 3.49 mt was imported through the port.
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SPML Infra secures new orders worth Rs. 1802.10 crores
SPML Infra Ltd., India's leading infrastructure development company has won new orders worth Rs. 1802.10 Crores from South Bihar Power Distribution Company Ltd. (SBPDCL), Bihar and Public Health Engineering Department (PHED) of Rajasthan.
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Reduce subsidies in transport
Our urban transport systems are lacking mainly due to inefficient management and improper enforcement of the traffic rules and regulations, says Tanmoy Mukherjee, Director, Statutory Planning Unit, Kolkata Metropolitan Development Authority (KMDA),
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Debt instruments preferred
Promoters of Indian companies are increasingly preferring to raise funds through debt and investors are also willing to offer it through structured deals or their NBFC arms that could either be a part of their investment group
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Report indicates decline in market share of major ports
A report by ICRA shows the market share of non-major ports rose to 42 per cent in 2012-13 from 39 per cent in the previous year because of their efficient operation.
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KEC secures pgcil contracts
Power Grid Corporation of India (PGCIL) awarded a Rs 318 crore contract to KEC International (KEC) for supply and erection of a 765 kV double circuit transmission line between Aurangabad-Padghe in Maharashtra.
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Hyderabad FTZ gets its first client
GMR Hyderabad International Airport (GHIAL) has signed an agreement with Turbo Jet Engines (Hyd), its first client for airport-based Free Trade Zone (FTZ) at Rajiv Gandhi International Airport (RGIA) in Hyderabad
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Case study: Lessons from Vietnam
After years of treading cautiously and failed attempts at PPP, Vietnam finally seems determined to push the envelope. To fund its first ever PPP project that will connect two major cities along an industrial corridor on the east coast,
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ECB norm relaxation
EAfter holding consultation with Indian companies, especially in the infrastructure sector, the government may relax guidelines for accessing funds through external commercial borrowing (ECB).