A new infrastructure fund would be launched jointly by Standard Chartered Private Equity and IL&FS Investment Managers with a corpus of around $600 million. This is the second fund being launched jointly by both the firms. The new fund may consider investing in Middle East nations besides investing in Indian
Tag: fund
Post
Post
Realty sector attracts $45 mn PE deals in April
Real estate sector attracted $45 million or 4 percent of the aggregate private equity (PE) deals in the country during April 2013. During the month under consideration, the economy witnessed $1.2 billion worth of PE deals through 48 transactions compared to $605 million in April
Post
Canara Bank to issue bonds for funding expansion plan
In order to finance its global business expansion, Canara Bank would issue bonds worth $1 billion from the international market. The company would start the process of the bond issue by holding roadshows in Singapore, Hong Kong and London between May 27 and May 31. The state-run bank would use the fund for growth of its overseas business, which is presently spread across Lond
Post
HUDCO’s Rs 7 bn bond issue gets to top rating
Care Ratings assigned AA rating to the five-year bonds to be issued by Housing and Urban Development Corp (HUDCO) for raising Rs 7 billion or around $127.03 million. The base size of the issue is Rs 1.5 billion, media reports suggest. HUDCO invited bids and set a ceiling of 8.15 per cent on the coupon
Post
HUDCO allots Rs 20 bn for cities in Punjab
On the sidelines of a review meeting of Housing and Urban Development Corporation (HUDCO), Punjab Local Bodies Minister Bhagat Chunni Lal informed that the corporation allotted Rs 2,000 crore for major cities in Punjab. The amount would be used for the overall development of major cities in the state. Lal presided over a meeting with HUDCO CMD VP Baligar to review various loan schemes of HUDCO for development of cities across the stat
Post
IL&FS, ICBC Hong Kong to cooperate on infra projects
Hong Kong-based Industrial and Commercial Bank of China (ICBC) signed an agreement with India's Infrastructure Leasing & Financial Services to aid infrastructure projects in the north and east Asia. This is one of the leading banks in Hong Kong and also a wholly owned subsidiary of Industrial and Commercial Bank of China
Post
Plan panel agrees on Rs 340 bn outlay for Bihar
During a meeting between Deputy Chairman of the Planning Commission Montek Singh Ahluwalia and Bihar Chief Minister Nitish Kumar, a plan outlay of Rs 34,000 crore was fixed for the state in 2013-14. This outlay is 34 per cent higher than the previous fiscal. The central government agreed to release Rs 12,000 crore through Backward Region Grant Fund during the 12 th Plan (2012-2017). This fund is to be used mainly for ene
Post
World Bank lends $216 mn for road projects
Road projects in Kerala received $216 million funding from the World Bank, which points out that of the 4,340 km highways in the state, around 70 percent are still single-lane with 54 percent in poor condition. Kerala government would use the fund for its Stage Transport Project II (KSTP II). The fund would enable upgradation of 363 km of strategically important state highways
Post
Govt mops up over Rs 190 bn via duty on fuel
Union Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi informed the Rajya Sabha that the total amount collected from Additional Excise Duty during 2012-13 (Provisional) is 19,333 crore. Lakshmi said that the amounts collected during 2011-12 and 2010-11 are Rs 18,428 crore and Rs 16,979 crore respectively
Post
SBI expects credit to grow a maximum of 16%
Pratip Chaudhuri, Chairman of State Bank of India (SBI) informed that the bank may achieve a deposit growth of 14 -16 per cent and a loan growth of a maximum 16 percent in 2013-14. In 2012-13, the largest public sector bank posted 15 per cent and 21 per cent growth in deposits and adva