According to a company statement, Indian Oil Corp (IOC) mopped up Rs 1,700 crore through issue of Secured Redeemable Non-Convertible Bonds instead of the original size of Rs 500 crore. It is learnt that banks, insurance companies, primarily dealers, mutual funds, financial institutions, among others, have
FlashNews:
Integrated Exhibition Cum Convention Centre (IECC), better known as Bharat Mandapam, achieves prestigious GRIHA 4-Star Rating
REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
NBCC Reports Robust 40% Surge in Net Profit
The time to invest in India’s energy sector is now, says PM Modi
India’s Oil Minister Urges Energy Justice to Ensure Equitable Global Energy Transition
How Budget 2025-26 May Bolster Investments in India’s Infrastructure Sector
REC Declares 3rd Interim Dividend of ₹4.30 per share; Net Profit up 23% to ₹4,029 crore
REC wins Gold Shield in ICAI Award for Excellence in Financial Reporting for the Financial Year 2023-24
Budget 2025: Key Highlights
Budget 2025: Key Announcements Impacting Real Estate
Rs 1 trn Urban Challenge Fund to Boost Infrastructure
FM Unveils Major Initiatives for Bihar in 2025 Union Budget
Budget 2025-26: Industry reactions
Budget 2025-26: Rs 1 lakh crore fund to transform cities
Budget 2025-26: India’s startup ecosystem gets Rs 10,000 crore Fund of Funds
NBCC Celebrates 76th Republic Day at Its Headquarters
RECPDCL Handovers HVDC Transmission Project’s SPV viz. Rajasthan Part I Power Transmission Limited to Adani Energy Solutions Limited
15th Cement EXPO: A Step Forward in Cement Innovation
MOU signed between NBCC and Hindu College for development of “Centre for Advance Studies”
Banks exercise caution while lending to MFIs
While flow of bank credit to microfinance industry has recovered in the last two years, banks are said to be exercising great caution in choosing the right microfinance institution (MFI). Banks have become very selective in their funding decisions. They are looking for MFIs which are compliant with the code of conduct and with RBI norms, Mathew Titus
Banks exercise caution while lending to MFIs
While flow of bank credit to microfinance industry has recovered in the last two years, banks are said to be exercising great caution in choosing the right microfinance institution (MFI). Banks have become very selective in their funding decisions. They are looking for MFIs which are compliant with the code of conduct and with RBI norms, Mathew Titus
Ahluwalia urges pvt sector to invest $500 bn in infra projects
With the government consolidating its fiscal position, Planning Commission Deputy Chairman Montek Singh Ahluwalia urged private sector to contribute no less than 50 per cent of the estimated investment in infrastructure in the 12th five year plan (2012-17). It may be noted that the government estimated $1 trillion investment in infrastructure during this period. Ahluwalia said there are zero prospects of the gove
Companies raise more funds via foreign bonds
Media reports indicate that Indian companies raised funds through bond issue almost three times more in Jan-Mar 2013 from the previous quarter. Data from an international media shows that Indian companies sold $6.3 billion of bonds abroad during Jan-Mar 2013, almost triple that of the previous quarter.
Com
IBEF may get upto $25 mn equity capital from IFC
India Business Excellence Fund IIA (IBEF IIA), which caters to the capital requirement of Small and Medium Enterprises (SMEs), may get upto $25 million funding from the International Finance Corporation (IFC). The proposed investment by IFC may boost further equity funding to capital constrained SMEs looking for growth capital
Maharashtra govt to clear metro project for Pune
Maharashtra Chief Minister Prithviraj Chavan informed the state legislature that his cabinet would clear the metro project for Pune this month and send a report on the project to the union government for final approval by the end of this month. Once the central government approves the project, the state government may sanction funds. It may be recalled that state government agreed to provide funds for t
Infrastructure sector faces funding constraints
Industry players complain that most sources of funding like private equity, capital market, bond issue, bank credit for infrastructure companies have dried up because of high risk perception in the sector. According to Suneet Maheshwari, MD & CEO, L&T Infrastructure Finance, private equity has been scarce and the capital market does not favour infrastructure comp
Strategic sale route to have key implications in PE industry
Some experts feel that the private transaction or strategic sale route for the exit of private equity (PE) investors will have important implication in the PE industry. It is transforming the very nature of private equity business in India, reports suggest. PE investors can exit their investment in an unlisted company through several routes, the prominent among them being the Initial Public Offering (IPO) route and the priva
BRICS to set up development bank for infra projects
At the recently concluded BRICS summit in Durban, Brazil, Russia, India, China and South Africa decided to set up a development bank to finance infrastructure projects in these countries. But the countries have not decided the size of the proposed bank, leaving it to finance ministers to nego