infrastructure finance

Rs.2 bn equity investment in Srei Equipment Finance okayed


August 11th, 2012 - 12:35 am ICT by IANS
Kolkata, Aug 10 (IANS) Kolkata-based infrastructure and construction equipment financing company Srei Infrastructure Finance Ltd. (SIFL) and French financial major BNP Paribas have approved equity investment of up to Rs.2 ... Read more...

Posted in Business |

Fitch revises ratings for 11 Indian financial institutions


June 20th, 2012 - 4:23 pm ICT by IANS
Chennai, June 20 (IANS) Credit rating agency Fitch Ratings Wednesday announced the revision of the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of ... Read more...

Posted in Business |

Bengal Inc happy at Pranab set to be next president


June 15th, 2012 - 11:58 pm ICT by IANS
Kolkata, June 15 (IANS) As the UPA Friday named union Finance Minister Pranab Mukherjee as its presidential candidate, Bengal Inc unanimously said the Congress stalwart is the right candidate ... Read more...

Posted in Politics |

Britain,UAE joint economic meet held


May 17th, 2012 - 1:11 am ICT by IANS
Abu Dhabi, May 16 (IANS/WAM) The second meeting of the UK-UAE Joint Economic Council has been held in London.The meet discussed proposals to set up joint working teams ... Read more...

Posted in World |

Srei to focus on IT, healthcare equipment financing


May 14th, 2012 - 10:52 pm ICT by IANS
Kolkata, May 14 (IANS) With the country's power and telecom sectors experiencing many challenges, infrastructure and construction equipment financing non-banking finance company (NBFC) Srei Infrastructure Finance Ltd. Monday said it ... Read more...

Posted in Business |

S&P; lowers outlook on SBI, ICICI and HDFC Bank


April 25th, 2012 - 9:18 pm ICT by IANS
Mumbai, April 25 (IANS) Global ratings agency Standard & Poor's Wednesday cut its outlook to negative from stable on 11 financial institutions, including the top three banks State Bank ... Read more...

Posted in Business |

With reforms under stress, India stares at ratings cut (Roundup)


April 25th, 2012 - 6:30 pm ICT by IANS
New Delhi/Mumbai, April 25 (IANS) In a firm warning that all is not well with the Indian economy, the country's outlook was lowered Wednesday to negative from stable by ... Read more...

Posted in Business |

Tax-free bond target for infrastructure projects at Rs.60,000 crore


March 16th, 2012 - 10:43 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday proposed to double the tax-free bond target for financing infrastructure projects in the next fiscal to Rs.60,000 crore from Rs.30,000 ... Read more...

Posted in Business |

Strike amid low business sentiment uncalled for: Industry


February 28th, 2012 - 5:58 pm ICT by IANS
Mumbai/Kolkata, Feb 28 (IANS) India's industry termed Tuesday's general strike called by 11 central trade unions as "unfortunate and completely misplaced" at a time of economic slowdown and low business ... Read more...

Posted in Business |

Srei Infra’s Q3 net slips by 51.8 percent


February 3rd, 2012 - 10:44 pm ICT by IANS
Kolkata, Feb 3 (IANS) Srei Infrastructure Finance Ltd, an infrastructure and construction equipment financing non-banking finance company (NBFC), Friday reported a 51.78 percent decline in its consolidated net profit for ... Read more...

Posted in Business |

Srei aims to broadbase borrowing options


January 7th, 2012 - 10:39 pm ICT by IANS
Kolkata, Jan 7 (IANS) Kolkata-based Srei Infrastructure Finance (SIFL), one of the leading non-banking financial institutions (NBFC) of the country, is aiming to broadbase its borrowing options and may come ... Read more...

Posted in Business |

Karnataka to use farm lands as equity in agri ventures (Lead)


December 1st, 2011 - 10:03 pm ICT by IANS
Bangalore, Dec 1 (IANS) The Karnataka government would make a new law to use agricultural land as equity in agro-based ventures but ensure that farmers retain the land ownership, ... Read more...

Posted in Business |

Karnataka agri-business summit attracts Rs.78,000-crore investments


December 1st, 2011 - 4:33 pm ICT by IANS
Bangalore, Dec 1 (IANS) India's first global agri-business and food processing summit began in this tech hub Thursday on a bang, attracting investment proposals of over Rs.78,000 crore from ... Read more...

Posted in Business |

Petrol price cut will not help inflation: Experts


November 16th, 2011 - 5:41 pm ICT by IANS
Kolkata, Nov 16 (IANS) The cut in petrol prices by state-run oil companies will have negligible or marginal impact on the country's economy and will not help the near double-digit ... Read more...

Posted in Business |

Public sector firms join hands for infrastructure financing


September 17th, 2011 - 11:05 pm ICT by IANS
Mumbai, Sep 17 (IANS) Government-run financial institutions -- Life Insurance Corporation, India Infrastructure Finance Company Ltd and Infrastructure Development Finance Company -- Saturday signed an agreement aimed at removing ... Read more...

Posted in Business |

IIFCL’s role to be expanded


September 13th, 2011 - 9:37 pm ICT by IANS
New Delhi, Sep 13 (IANS) The role of India Infrastructure Finance Company Ltd (IIFCL) will be expanded in terms of take-out financing and credit enhancement to help attract $1 trillion ... Read more...

Posted in Business |

CII lauds capital markets reforms


August 31st, 2011 - 2:56 pm ICT by IANS
New Delhi, Aug 31 (IANS) The recent reforms initiatives taken by the capital market regulator, the Securities and Exchange Board of India (SEBI), will strengthen investors' confidence in the Indian ... Read more...

Posted in Business |

L&T; planning private equity fund after IPO


July 25th, 2011 - 7:10 pm ICT by IANS
Chennai, July 25 (IANS) Engineering and construction group Larsen and Toubro (L&T;) is working on launching a private equity fund to finance infrastructure projects."We are working at it. But it ... Read more...

Posted in Business |

e-village programme eases rural people’s lives


July 17th, 2011 - 5:44 pm ICT by IANS
Kolkata, July 17 (IANS) From acting as electricity bill collection centres, providing mobile phone recharge facilities and even offering e-learning courses in remote villages, the central government's Common Service Centres ... Read more...

Posted in Business |

India, US to deepen ties in reforms, infrastructure finance


June 29th, 2011 - 10:38 am ICT by IANS
Washington, June 29 (IANS) India and the United States have set a "robust agenda" to deepen their economic engagement in three key areas of macroeconomic challenges, financial sector reforms ... Read more...

Posted in Business |

India invites US to help finance infrastructure projects (Second Lead)


June 29th, 2011 - 2:17 am ICT by IANS
Washington, June 29 (IANS) India has invited US investors to help finance big infrastructure projects in the fast-developing nation as India is planning to raise $1 trillion in infrastructure ... Read more...

Posted in Business |

India, US to expand trade, investment links; work together in G-20 (Lead)


June 29th, 2011 - 1:53 am ICT by IANS
Washington, June 29 (IANS) India and the United States have agreed to work together to expand trade and investment links between their two economies, and to develop and strengthen ... Read more...

Posted in Business |

Government committed to provide affordable housing


June 10th, 2011 - 11:57 pm ICT by IANS
New Delhi, June 10 (IANS) The government Friday said it is committed to providing affordable housing to all and that work is underway on a real estate regulation bill."The ... Read more...

Posted in Business |

Mamata’s land bank idea, industry cautious


June 10th, 2011 - 4:21 pm ICT by IANS
Kolkata, June 10 (IANS) West Bengal Chief Minister Mamata Banerjee's proposal to create a land bank as part of reforms in the acquisition process has received a cautious to upbeat ... Read more...

Posted in Business |

Srei’s 2010-11 net profit up by 15 percent


May 19th, 2011 - 7:50 pm ICT by IANS
Kolkata, May 19 (IANS) Kolkata-based Srei Infrastructure Finance Limited Thursday announced that it posted a profit after tax (PAT) of Rs.179 crore during the last fiscal compared to Rs.156 crore ... Read more...

Posted in Business |

ADB lends 250 million dollars to help build Bangalore metro rail system


April 1st, 2011 - 4:49 pm ICT by ANI
Manila (Philippines), Apr. 1 (ANI): The Asian Development Bank (ADB) is extending up to 250 million dollars for a metro rail system in Bangalore that will bring substantial economic and environmental benefits ... Read more...

Posted in World |

India gets $250 mn infrastructure loan from ADB


March 21st, 2011 - 7:58 pm ICT by IANS
New Delhi, March 21 (IANS) The Asian Development Bank (ADB) has offered India a $250 million loan for expanding road networks and power projects in Gujarat, Maharashtra and Rajasthan, an ... Read more...

Posted in Business |

Battle-scarred Bengal industry seeks poll relief


March 11th, 2011 - 5:16 pm ICT by IANS
Kolkata, March 11 (IANS) As West Bengal's political parties get busy drawing up plans for the upcoming polls, industry captains hope that politicians will focus on issues like infrastructure development ... Read more...

Posted in Politics |

US Treasury Under Secretary highlights growing US-India economic partnership


March 4th, 2011 - 7:40 pm ICT by ANI
New Delhi, Mar 4(ANI): U.S. Under Secretary of Treasury for International Affairs Lael Brainard on Friday delivered a keynote address here at the Institute of International Finance's (IIF) spring membership meeting, ... Read more...

Posted in National |

Mukherjee allocates Rs.2,14,000 crore for infrastructure sector


February 28th, 2011 - 4:11 pm ICT by ANI
New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Mukherjee on Monday proposed an allocation of Rs.2,14,000 crore for infrastructure sector, which is 23.3 percent higher than the current year.This amounts ... Read more...

Posted in National |

IIFCL expects credit enhancement scheme decision soon


February 7th, 2011 - 9:34 pm ICT by IANS
Kolkata, Feb 7 (IANS) The state-run Indian Infrastructure Finance Corporation Limited (IIFCL) Monday hoped that a decision on its credit enhancement scheme would be finalised by March this year."We expect a decision ... Read more...

Posted in Business |

Larsen and Toubro planning Rs.2,000-crore PE fund


October 31st, 2010 - 2:27 pm ICT by IANS
By V. Jagannathan Chennai, Oct 31 (IANS) Engineering and construction group Larsen and Toubro (L&T) is planning to launch a Rs.500-2,000-crore private equity fund as part of a strategy to become a financial ... Read more...

Posted in Business |

L&T Infra to increase exposure to non power core sectors


October 20th, 2010 - 8:22 pm ICT by IANS
Chennai, Oct 20 (IANS) Larsen and Toubro Infrastructure Finance Company (L&T Infra) will increase its exposure to non-power sector, a top company official said Wednesday."Currently, the distribution of loans to power sector ... Read more...

Posted in Business |

IIFCL, Union Bank ink deal for Rs.1,500 crore takeout finance


October 12th, 2010 - 8:36 pm ICT by IANS
New Delhi, Oct 12 (IANS) State-run India Infrastructure Finance Company Ltd (IIFCL) Tuesday signed a Rs.1,500 crore takeout finance agreement with Union Bank of India for development of seven power and road ... Read more...

Posted in Business |

Government eyes long-term debt to fund infra projects


October 12th, 2010 - 5:59 pm ICT by IANS
New Delhi, Oct 12 (IANS) The government is trying to raise over $300 billion through long-term debt to fill the gap in funding for infrastructure projects in the 12th plan period ... Read more...

Posted in Business |

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