It has been nearly eighteen months since the Ministry of Power announced the vital Ujwal DISCOM Assurance Yojana (UDAY) scheme for financial and operational reform of power distribution companies (DISCOMs) in India. Twenty six states and Union Territories, including four of the worst affected states — Rajasthan, Tamil Nadu, Uttar Pradesh and Haryana — have signed up for the scheme.
Tag: investors
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India Infrastructure Summit | A curtain-raiser
The India Infrastructure Summit is the largest platform for policy debate relating to infrastructure sector in India. The seventh edition will be held in New Delhi on 16th November.
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Indiabulls raises Rs.1,330 crore via masala bonds
Indiabulls Housing Finance Ltd (IBHFL) has said that it has raised Rs.1,330 crore by issuing its first masala bonds to overseas investors. The three-year tenure rupee-denominated bonds were listed on the Singapore Exchange (SGX) and attracted close to 70 per cent participation from investors in Asia, a company statement said.
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PSUs’ tax-free bonds lure retail investors
Posing a new threat to banks, which are already struggling with poor deposits growth, hundreds of investors are breaking their tradition of saving in bank fixed deposits to invest in tax-free bonds from State-run companies. High yields, being offered by the tax-free bonds are attracting the investors.
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FIIs permitted to hike holding in IDFC
With immediate effect, Reserve Bank of India (RBI) removed the restrictions placed on the purchase of shares of IDFC by foreign investors. The central bank removed the restriction because foreign investors' shareholding in IDFC fell below the prescribed limit. In August, the company reduced the limit that foreign investors c
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Centre clears Rs 1.1 lakh cr big ticket infra projects
In a big relief to investors, the Union government has cleared big-ticket investment projects worth Rs 1.1 lakh crore. The projects were held up for years for want of several government clearances. The clearances relate to 18 power projects with a generation capacity of 15,500 mw, four highway projects worth Rs 4,400 crore, and a Rs 1,200-crore steel plant in Odisha.
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Potential of Thoothukudi as Industrial hub
As the Tamil Nadu government targeting the southern parts of the state for industrial development, Thoothukudi on July 27 launched a two-day roadshow to woo investors in Chennai. Former president of The All India Chamber of Commerce and Industries T Vel Shankar said the idea was to make Thoothkudi the investment hub.
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Utkarsh may get funding from existing investors
Utkarsh Micro Finance may receive capital infusion from its existing investors in order to support its business expansion plan in the low-income states of Uttar Pradesh and Bihar. International Finance Corporation (IFC), Aavishkaar Fund II and Norwegian Microfinance Initiative are the existing investors in the microfinance
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Investors lose appetite for tax-free infrastructure bonds
Industry players feel that capital market investors and private equity funds have low appetite for investment in infrastructure sector because of inherent risks involved in such ventures. Poor appetite among investors for this sector is evident from the weak response to the bond issues of infrastructure companies. Ennore Port, Dredging Corporation of India and the Jawaharlal Nehru Port Trust (JNPT) received tepid respo
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Institutions struggle to raise funds via tax-free bonds
Reports indicate that institutions that are allowed to raise tax-free bonds in 2012-13 could mop up only Rs 25,000 crore as against the permission to raise Rs 60,000 crore. It is learnt that investors are not showing much interest in the tax-free bonds as interest rates are expected to fall further in the coming months. Yield on tax-free bonds are set below the yield of the 10-year ben
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