Axis Bank has raised $500 million through the issue of green bonds in the international market. While the final price of the bonds was 1.6 per cent over the US treasury, the initial price was […]
Adani Transmission Limited has raised Rs 7.5 billion through the issue of NCDs. The company has issued 7,500 rated, listed, taxable, secured and redeemable NCDs of face value Rs 1 million each on a private […]
Reliance Jio Infocomm Limited (RJIL) is planning to raise Rs 7.5 billion through the issuance of redeemable NCDs on a private placement basis. In April 2016, RJIL had floated a debenture issue of up to […]
The Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) are mulling over an option of raising funds through masala bonds. Masala bonds refer to a financial instrument through which […]
Crompton Greaves Consumer Electricals Limited (CGCL) has obtained shareholder approval to raise up to Rs 7 billion through the issuance of NCDs on a private placement basis. In April 2015, the Avantha Group had offloaded […]
Diversified group Piramal Enterprises has received approval from its board to raise up to Rs 3 billion through the issue of non-convertible debentures (NCDs) on a private placement basis. The company has, however, not specified the purpose […]
ONGC Videsh Limited (OVL) has taken a bridge loan of $1.2 billion from a group of foreign banks, at a highly competitive rate of about 1.3 per cent, to fund its acquisition of a 15 […]
Aurangabad Jalna Tollway Limited (AJTL), a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has completed the refinancing of its existing debt facilities with new debt taken from other lenders with revised terms and conditions. […]
GVK Power and Infrastructure Limited has sought shareholder approval to increase the maximum limit of loans and guarantees that can be given to other entities to Rs 150 billion. The company has sought approval under […]
The Asian Development Bank (ADB) and the Government of India have signed a $200 million loan agreement to upgrade 176 km of state roads in Jharkhand. The financing for the Jharkhand State Roads II Project […]
The central government has approved an investment of over Rs 55.3 billion for providing basic infrastructure in 111 cities across six states under the AMRUT scheme for the current fiscal year (2016-17). The central assistance […]
The Ministry of Urban Development (MoUD) has allocated Rs 2 billion under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme for linking water supply networks of 10 municipal corporations in Telangana with the […]
The standing committee of the Pune Municipal Corporation (PMC) in Maharashtra has approved the revised funding proposal for the 24×7 Pune Water Supply Scheme. According to the revised plan, the current project cost is estimated […]
The Salem City Municipal Corporation in Tamil Nadu has sought Rs 458.5 million from the Tamil Nadu government to implement the Salem Dedicated Water Supply Scheme. The project is being implemented in two phases. While […]
The central government has announced 13 more cities to be included in the set of cities to receive funds under the Smart Cities Mission, taking the total number to 33. Under the mission, the government […]
The Reserve Bank of India (RBI) has kept the repo rate (the rate at which it lends funds to banks) unchanged at 6.5 per cent. RBI had cut the repo rate by 25 basis points […]
The National Payments Corporation of India has launched an online payments solution – the unified payments interface (UPI) – that will combine multiple bank accounts into a single mobile application of a participating bank. Further, […]
RBI has granted a payments bank licence to the JV between Airtel M Commerce Services Limited (a subsidiary of Bharti Airtel) and Kotak Mahindra Bank. In August 2015, RBI had given in-principle approval to 11 […]
AAI is expected to record an all-time high revenue of Rs 100 billion in 2015-16, a 7.7 per cent increase from Rs 92.85 billion in 2014-15. This growth can be attributed to a surge in […]
US-based SunEdison is reportedly in discussions with Finland-based Fortum to sell its minority stakes in solar projects in India to the latter. Through this, SunEdison attempts to furnish funds to finish the planned projects in […]
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