CDPQ to invest in companies to fund net-zero transition targets
In a candid interview, finance veteran Arun Purwar, Chairman of IndiaVenture Advisors Pvt Ltd & PHL Finance, suggests that since the bond market is deep enough to take care of funding requirements of infrastructure projects, the government must encourage infrastructure fund raising through the bonds.
India Infoline Finance would issue non-convertible debentures worth Rs 525 crore with an option to retain over-subscription of a similar amount. In other words, the non-banking finance arm of India Infoline would mop up a maximum of Rs 1,050 crore through this issuanc
State-run Power Finance Corp is in the process of issuing around Rs 150 crore ($23 million) worth of tax-free bonds across different maturities. While the firm would issue 10-year tax-free bonds at 8.04 percent, 15-year bonds at 8.41 percent, and 20-year bonds at 8.40
Considering the rise in the cost of funds for the infrastructure sector, Srei Infrastructure Finance raised benchmark lending rate by 50 basis points. Thus, the new benchmark rate stands at 18 percent per annum effective from Sept. 1, 2013 compared to the earlier rate of 17.50 percent
Unconfirmed reports indicate that the government may wait for the stock market to stabilise before infusing capital into state-run banks. The government feels that the chances of losing huge amount of money is lower once the stock prices reach a stable