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Govt invests Rs 4.85 lakh crore in big infra projects

Last Updated: Friday, August 7, 2015, 16:39

Government has invested Rs 4.85 lakh crore in big infrastructure projects, costing over Rs 150 crore, as of June 1 in the current fiscal.

Railway Minister Suresh Prabhu to woo India Inc in Mumbai today

Last Updated: Friday, August 7, 2015, 09:16

Seeking to bring in investment in rail sector, Railway Minister Suresh Prabhu will on Friday address CEOs of financial institutions and corporates in Mumbai to apprise them of emerging opportunities in the country's public transporter.

Yes Bank raises Rs 315 crore from Green Infra Bonds

Last Updated: Wednesday, August 5, 2015, 15:23

This is the first investment of IFC in emerging markets green bond issue in the world, Yes Bank said in a statement.

NIIF will function like SWF, to be operational by December: Sinha

Last Updated: Friday, July 31, 2015, 20:51

The proposed Rs 20,000-crore National Investment and Infrastructure Fund will function as a sovereign wealth fund like Singapore's Temasek and operate at "arm's length" from the government, Minister of State for Finance Jayant Sinha said on Friday.

IDFC to make additional provisioning of Rs 2,500 cr, will impact net

Last Updated: Friday, July 31, 2015, 13:11

"Given that we will be transitioning to a bank by the end of second quarter of 2015-16 with no visible solution for these assets, we believe it is prudent for us to make incremental provisions against known risks," IDFC said in a BSE filing.

RBI further eases project loan recast norms for NBFCs

Last Updated: Thursday, July 30, 2015, 22:50

The Reserve Bank on Thursday allowed non-bank lenders to retain the 'standard asset' tag on a restructured loan for an extended period if an infrastructure project is mired in court cases or has been stuck due to reasons beyond the control of promoters.

IDFC Q1 net dips 46% to Rs 241 cr

Last Updated: Thursday, July 30, 2015, 13:09

Total income increased marginally to Rs 2,087.08 crore for the quarter ended June 30, from Rs 2,039.17 crore for the quarter ended June 30, 2014, IDFC said in a BSE filing.

Cabinet approves Rs 20,000-crore infra investment fund

Last Updated: Wednesday, July 29, 2015, 21:38

The Union Cabinet on Wednesday approved creation of a Rs 20,000-crore National Investment and Infrastructure Fund (NIIF), a sort of sovereign fund, for development of infrastructure projects, including the stalled ones.

RPP Infra bags two contracts worth Rs 728 million

Last Updated: Tuesday, July 28, 2015, 15:42

Infrastructure firm RPP Infra Projects has bagged two contracts from Chennai Corporation worth Rs 728 million (Rs 72.8 crore) for developing storm water drain projects.

IRB infra arm ties up Rs 1,400 cr for NHAI project

Last Updated: Tuesday, July 28, 2015, 14:30

IRB Infrastructure Developers Ltd Tuesday said its subsidiary has tied up Rs 1,400 crore funds to execute a project awarded by National Highway Authority of India.

Govt formulating Regulatory Reform Law

Last Updated: Friday, July 24, 2015, 15:38

To bring in a cogency of approach across various sectors in infrastructure, the government is formulating a Regulatory Reform Law, Parliament was informed on Friday.

Govt's housing scheme can give Rs 15 trillion boost to GDP: Report

Last Updated: Wednesday, July 22, 2015, 21:45

The Centre's housing for all project is expected to give the economy a Rs 15-trillion boost over the next 7 years, but its success will depend on ramping up existing urban infrastructure, fast tracking approval process and targeting the actual beneficiary, a study said.