Reports indicate that lenders of the debt-ridden Suzlon Energy may meet soon to take a final call on the corporate debt restructuring (CDR) exercise. Suzlon has asked bankers to provide the company with fresh loans of Rs 2,000 crore to meet payment requirements, Rs 3,000 crore as a working capital loan and a
FlashNews:
15th Cement EXPO to be held in March 2025 in Hyderabad
IIFCL raises Rs 1,500 crore through bonds/debentures
Metro Rail sustainability suffering from affordability & connectivity
Dr E Sreedharan, India’s ‘Metro Man’ & India’s Top Metro Rail CEOs converge in Mumbai for CW Metro Rail Conference
Road Contracts awarded drop to less than half!
Synergy Steels clinches Award for Best Environment & Pollution Control Practices, 2023
Will QCBS phase out L1 for Infrastructure Procurement?
Vinita Singhania receives Lifetime Achievement Award at the 7th Indian Cement Review Awards
Indian Cement Industry Set to Build 100-150MT Capacity
DPIIT, Ministries & FIRST Construction Council to discuss sustainability with cement industry captains at Cement EXPO 2023 on Dec 14-15
Avoid Tunnel Vision Syndrome
World Cement Association Founder Director to be star speaker at Indian Cement Review Conference 2023 at 14th Cement EXPO, Delhi
Jury selects Indian Cement Review award winners; Awards to be presented at Cement EXPO 2023
14th Cement EXPO to kick-start from Dec 14, 2023 in New Delhi
Indian road sector: Highway of economic growth
Innovations in CE to meet tomorrow’s infrastructure needs
Unlocking investment potential in the North East region
Why carbon data is the key to improving sustainability and reducing emissions
Infrastructure: The growth catalyst of Indian economy
Srei 's IDF
Having received approval from the Sebi for setting up an infra debt fund (IDF) through the mutual fund route, Srei Infrastructure Finance would begin the process now and hopes to launch it in January 2013. The Kolkata-based NBFC said that this would be finalised later. IDF is required as the country is set to invest huge amounts into the infra
sector and banks are close to hit their infra exposure limit.
NPAs of state-run banks rise to Rs 1.43 trillion
The non-performing assets (NPAs) of state-run banks rose to Rs 143,765 crore as at end September, 2012 from Rs 112,489 crore at the end of March, 2012, Minister of State for Finance Namo Narain Meena informed the Rajya Sabha. Of the total gross NPAs of state-run banks, 31.9 per cent belon
Banks admin offices allowed in Tier-I cities sans RBI nod
The Reserve Bank of India has stated on November 20 that banks need not seek permission from it to open administrative offices in large cities (Tier-I).
RBI tells banks to restrict financing of gold purchases
The Reserve Bank of India has asked banks in the country to restrict financing of purchases of gold in the form of bullion, jewellery and coins or units of exchange traded funds, in the latest of the measure to restrict gold imports to counter ballooning fiscal deficit.
Ministry mulls steps to develop corporate bond mkt
In order to develop a vibrant corporate bond market, the union finance ministry is reportedly planning some steps in collaboration with Reserve Bank of India (RBI) and the ministry of corporate affairs (MCA). Media reports suggest that the ministry plans to give statutory liquidity ratio (SLR) status to corporate bonds in order to encourage banks to
Air India to repay part of debt by raising funds
In order to reduce its interest outgo on the current dues, Air India plans to repay some of its debt that carry high interest rate. As part of this initiative, the airline plans to borrow Rs 900 crore from banks through issue of bonds. The amount would be used to repay a part of its debt. Air India is said to owe around Rs
Large funds must be attracted to bonds
A committee appointed by Reserve Bank of India (RBI) said called for encouraging large institutional investors such as pension funds, provident funds, insurance companies, etc. to invest in bonds floated by bank
Banks can up infra lending by Rs 1 lakh cr: CRISIL
Banks can increase their funding capaÂcity to the infrastructure sector by Rs 100,000 crore over the next four years, rating agency CRISIL said.