A consortium of lenders led by IDBI Bank has put on sale a 540 MW coal-based power plant in Maharashtra owned and operated by Sai Wardha Power Generation, according to a bid document.

With over Rs11 lakh crore debt, project investments worth Rs.32.7 lakh crore and cost overrun of Rs14.35 lakh crore is at stake, the current Insolvency and Bankruptcy Code 2016 is a sigh of relief for India's financial institutions.

The Insolvency and Bankruptcy Code, 2016 is a comprehensive piece of legislation that touches all insolvency and bankruptcy issues of companies, limited liability partnerships (LLPs), limited liability entities, individual and partnership firms.

MEP Infrastructure Developers Limited has been given April 25, 2017, as the Appointed Date for its Hybrid Annuity project in Gujarat (the Talaja-Mahuva section) in accordance with the Concession Agreement executed with the National Highways Authority of India (NHAI). The project is a part of the Bhavnagar-Veraval stretch.

National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments systems in India has announced that Unified Payments Interface (UPI) will be going live for customers with 21 banks.

A buzzing campus, enthusiastic students, a well-organised event, distinguished and exemplary speakers all made for a day´s worth of good entertainment but also important information and keen insights on infrastructure in India

In a meeting with the Finance Ministry recently, some 27 state-owned banks have agreed to extend credit of around Rs 1.71 lakh crore to non-conventional energy projects over the next five years.

Terming the Indian Government´s decision to revive and improve utilisation of the country´s stranded gas-based power generation plants to import feed stock

IDBI Bank has raised Rs 2,500 crore through Basel-III-compliant additional Tier-I (AT-I) bonds to enhance its capital adequacy. The coupon (interest rate) for AT-I bonds is 10.75 per cent payable annually.