IDFC
In the next 45 days, India is probably going to see a new government and corporate are demanding “less government interference” and more private sector participation in “nation-building”. Pankaj Patel, chairman and managing director of city-based Zydus Cadila echoed his sentiments that he is looking forward to less interference, quick policy reforms and more liberalization. [...] Continue Reading »
Infrastructure sector is likely to be affected by the RBI decision to award the IDFC a full-fledged banking license, as it has been facing a slowdown already and the company was a leading an integrated infrastructure finance player ,as told by the State Bank of India (SBI), the country’s largest lender. Arundhati Bhattacharya, SBI chairperson [...] Continue Reading »
The analysts are uncertain about monetization of the assets. The JP Associates has surprised the Street with over four asset monetisation (sale) deals over the past 12 months. Thanks to these deals, the company is able to reduce its debt by Rs 15,940 crore. Before this the JP associates announced a deal involving sale of its [...] Continue Reading »
“We have seen interests from both global as well as domestic investor that is why there is a huge potential for investment in the infrastructure projects. Although we have seen a downfall recently but the market will be in pace in the coming months, “said by IL&FS Financial Services Managing Director and Chief Executive Officer [...] Continue Reading »
Write offs of Rs 280 crore have further added to the losses of Gammon India. Due to write offs Gammon India has faced a loss of Rs 454 crore. This has been reported in the audit result done in December. The net sale decreased by 16.3% to Rs 1,020 crore and loss of Rs 150 [...] Continue Reading »
IDFC Alternatives raised its first fund of Rs. 750 crore focused on residential sector in India. IDFC Alternatives is a wholly owned subsidiary of IDFC Ltd. The fund is called IDFC Real Estate Yield Fund and will invest Rs 60-80 crore and will target gross returns of 22%. It is a four year close-ended private [...] Continue Reading »
IDFC is prepared with a “Plan B” just in case it does not make it to the list of winners for a license from the Reserve Bank of India to start a bank. This also means diversification into housing finance and retail lending business. Speaking on this Group Chief Financial Officer, IDFC, Mr. Sunil Kakar, [...] Continue Reading »
Less than a fortnight after the agreement between the National Highways Authority of India (NHAI), IDFC and Delhi-Gurgaon Super Connectivity Ltd. (DGSCL) to remove the Sirhaul toll plaza, voices demanding the removal of the KM-42 toll plaza at Kherki Dhaula here are growing louder with each passing day. Since the toll rates have doubled at [...] Continue Reading »
With all stake holders IDFC, NHAI and DS Constructions arriving at a settlement to remove toll plazas on Delhi-Gurgaon Expressway, the HC likely to grant its consent today. Delhi High Court has been told by the stakeholders in the Delhi-Gurgaon Expressway project that a settlement between the IDFC-led consortium, National Highways Authority of India (NHAI) [...] Continue Reading »
Good news for all Delhi-Gurgaon travellers; the toll plaza on the Delhi-Gurgaon expressway could be just a week or two from being removed as both the present operator and the lead bankers have agreed to all but one of the proposals for sharing liabilities The only issue need to be fixed is on some additional [...] Continue Reading »
