During his talks with a high-level German delegation, Union Shipping Minister GK Vasan asked German firms to invest in the shipping sector. Recently, a delegation led by Parliamentary State Secretary of the German Federal Ministry of Economics and Technology, Hans-Joachim Otto called on Vasan
Tag: investment
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Promoter firms offload 6.38% stake in JSW Ispat
Through both off and on market transactions, 10 promoter group companies of JSW Ispat Steel offloaded 6.38 per cent stake in the firm for Rs 174.47 crore, according to a communication to the stock exchange. All the 10 promoter firms belong to Pramod and Vinod Mittal or their families, which held less than 20 per cent
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RBI takes steps to develop corp bond market
Reserve Bank of India (RBI) has taken two key steps to develop corporate bond market in the country. One among them is that these bonds are made eligible for repo (repurchase agreements) transactions in the money market. The repo deals can be struck on commercial pape
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IOC to upgrade refining capacity
State-run oil refiner Indian Oil Corporation (IndianOil) plans to upgrade itself to process heavier crude. In the first phase of its expansion plan, the company invested substantially to process high sulphur crude. In the second phase, it is looking at upgrading itself to pro
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Consultant suggests to accept bid for Rs 37 bn terminal project
According to media reports, the consultant for the Rs 3,700-crore mega container terminal project in Chennai Port (ChPT) advised the port to accept the revenue share offered by Essar Ports. Essar Ports, which was the lone bidder for the project, offered 5.25 percent revenue share, which the port considers to
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Gangavaram Port works on expansion plan
Gangavaram Port in Andhra Pradesh is working on its expansion plan to raise its cargo handling capacity from the current 15 million tonne to 45 mn t. The project involves addition of three multi-purpose berths and a coal handling terminal. The port has a
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RBI allows infra finance firms to borrow more via EBCs
Infrastructure finance companies can raise funds upto 75 per cent of their net worth through external commercial borrowing (ECB) without seeking clearance from the Reserve Bank of India (RBI). This is because the central bank liberalised the norm in or
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Odisha govt targets Rs 50 bn worth PPP projects
During the 12th Five-year Plan period (2012-17), Odisha government plans to commission Rs 5,000 crore worth PPP (public private partnership) projects. The state government has already operationalised 12 projects while nine are under various stages of construction. These are part of the 54 projects identified by the state government for implementation on the PPP mode
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Rangarajan favours non corporates for bank licenses
Agency reports suggest that C Rangarajan, Chairman of Prime Minister's Economic Advisory Council wants the Reserve Bank of India (RBI) to give first priority to non-corporate applicants for banking licenses. Rangarajan has reportedly said that the central bank must look at various types of financial institutions that
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2012 sees fall in private equity investments
Data from Venture Intelligence shows that private equity (PE) players invested $8.9 billion over 406 deals in India during 2012 compared with $10.4 billion across 483 deals the previous year, which is a fall of 14.7 per cent. The decline in investment is attributed to delays in fund deployment by the PE firms. According to some indu