Ind-Ra assigns 'IND AAA' rating to NHAI's tax-free bonds

Last Updated: Wednesday, September 2, 2015, 16:06

India Ratings and Research (Ind-Ra) has assigned NHAI's proposed Rs 24,000 crore tax-free bonds a long-term 'IND AAA' rating with stable outlook on the back of statutory status and financial as well as other linkages from the government.

Power Grid to seek shareholders nod to raise Rs 14,000 crore

Last Updated: Wednesday, August 26, 2015, 18:35

State-owned utility Power Grid Wednesday said it will seek shareholders' approval next month to raise up to Rs 14,000 crore from domestic and external sources during the fiscal 2016-17.

NTPC tax-free bonds oversubscribed 7.25 times

Last Updated: Thursday, August 20, 2015, 15:44

State-owned NTPC on Thursday said its tax-free bonds have been oversubscribed 7.25 times.

IRFC to issue Rs 6000 cr tax-free bonds

Last Updated: Monday, August 10, 2015, 19:03

Indian Railway Finance Corporation (IRFC) would raise Rs 6,000 crore through tax-free bonds in the current fiscal, Lok Sabha was told Monday.

India allows 7 entities to raise Rs 400 billion via tax-free bonds

Last Updated: Wednesday, July 8, 2015, 13:54

The ceiling coupon rate for AAA-rated issuer of tax-free bonds has been fixed at 55 basis points below the government bond yield for retail investors and 80 basis points for other investors.

NHPC plans to raise up to Rs 3,975 cr from domestic market

Last Updated: Tuesday, May 26, 2015, 17:04

State-owned NHPC is planning to raise up to Rs 3,975 crore from the domestic market through loans and tax-free bonds.

Tax-free bonds can have higher returns than bank rates

Last Updated: Friday, April 10, 2015, 19:21

Tax-free bonds can provide returns that are higher than the prevailing interest rates offered by banks.

FinMin nod for tax-free bonds by Railways, highways

Last Updated: Wednesday, April 8, 2015, 22:37

Finance Minister Arun Jaitley Wednesday said the proposal to allow railways and highways to issue tax-free bonds has been cleared, and the government is committed to pushing the land acquisition bill to promote growth and generate jobs.

Railways can contribute 2 percent to GDP: Suresh Prabhu

Last Updated: Sunday, March 1, 2015, 20:51

The railways can contribute up to two percent to the gross domestic product (GDP), Railway Minister Suresh Prabhu said on Sunday adding that he has asked the railway board to identify key issues and focus areas towards this end.

Brokers' body suggests dedicated fund for infrastructure projects

Last Updated: Tuesday, February 17, 2015, 17:37

In order to help mobilise money from the capital market for infrastructure sector, brokers' grouping ANMI has said the government should set up a dedicated fund for such projects and provide tax incentives on investments.