Sinha pledges required capital support for public sector banks

Last Updated: Wednesday, July 1, 2015, 12:01

The government on Wednesday said it's currently examining the funds requirement of public sector banks over the next 3 years and promised required capital support as part of a comprehensive package to strengthen them.

GVK's three promoters sell 3-cr shares to another promoter

Last Updated: Monday, June 29, 2015, 21:44

Three promoters of GVK Power & Infrastructure have together sold 2.99 crore shares for nearly Rs 27 crore to another promoter group entity.

China to hold some veto powers in new Asian bank

Last Updated: Monday, June 29, 2015, 16:00

China will hold over a quarter of the votes in the new Asian Infrastructure Investment Bank (AIIB), its finance ministry said on Monday, giving it a veto in some key decisions despite Beijing insisting it will not have such powers.

50 nations, including India, sign agreement on China-led AIIB

Last Updated: Monday, June 29, 2015, 12:29

The 60-article agreement specified each member's share as well as governance structure and policy-making mechanism of the bank, which is designed to finance infrastructure in Asia.

57 countries hold signing ceremony to set up China-led bank: AFP

Last Updated: Monday, June 29, 2015, 07:46

The 57 founding member countries of the China-led Asian Infrastructure Investment Bank began signing articles of association setting up the new institution on Monday.

Agartala-Akhaura railway link to be completed by 2017

Last Updated: Sunday, June 28, 2015, 18:51

The 15-km-long Agartala-Akhaura railway route would connect Indian Railways with the Bangladesh Railways through the North-East which would improve connectivity and boost trade between the two countries.

JSW to develop 34-km rail link to connect its Jaigarh port

Last Updated: Sunday, June 28, 2015, 17:08

JSW Infrastructure has an installed capacity of over 33 mt at its three ports, the Dharamtar Port near Mumbai, South West Port terminals in Goa and Jaigarh Port in Ratnagiri.

China-backed AIIB to take concrete shape at founders meeting

Last Updated: Sunday, June 28, 2015, 10:03

One of China`s biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing.

Maharashtra to invest Rs 10,000 cr to develop railway infrastructure

Last Updated: Saturday, June 27, 2015, 20:45

"Though the Centre allocates funds for railways, the state government too will invest Rs 10,000 crore apart from union government's grants within the next five years," he said.

GVK group plans to raise over Rs 3,000 crore

Last Updated: Friday, June 26, 2015, 23:36

Diversified group GVK Power & Infrastructure plans to raise more than Rs 3,000 crore by listing its airports arm.

Rate cuts, structural reforms, infra push aiding growth: Sinha

Last Updated: Thursday, June 25, 2015, 21:48

The 75 basis points rate cut by the Reserve Bank since January will help boost growth along with structural reforms and thrust on infrastructure investments by the government, Union Minister of State for Finance Jayant Sinha said Thursday.

PM Modi concerned over passport delivery, delay in infra projects

Last Updated: Wednesday, June 24, 2015, 21:21

Prime Minister Narendra Modi Wednesday voiced concern over inefficient delivery of passports as also the delay in vital infrastructure projects and directed the departments concerned to address these issues.