Valuation of stocks in these sectors remain at elevated levels, raising questions about their sustainability
The minimum average maturity requirement for ECBs (external commercial borrowings) in the infrastructure space raised by eligible borrowers has been reduced to three years from earlier five years, a notification said.
Issuing clarification, the Central Board of Direct Taxes (CBDT) said 'initial assessment year' in the Section 80IA (5) of the Income Tax Act, dealing with tax holiday, would mean the first year on which a company would claim for tax benefit.
RBI‘s norms require banks to maintain NPV for all the existing that are on their books. The RBI too has indicated that they are re-examining this issued
YD Murthy, executive VP-finance, NCC explains to CNBC-TV18 that the award of orders from NHAI have slowed down significantly. The economic environment has made it difficult for infrastructure companies to achieve financial closure for road projects.
The government on Wednesday vowed to push ahead with major transport and power projects in the current financial year, buoying stocks in infrastructure companies with an attempt to inject some life into the flagging economy.
CNBCTV-18's Ronak Jain and Ashwin Raghunath report that infrastructure companies are trying to reduce debt by leveraging more they can handle
The Reserve Bank today relaxed norms for infrastructure companies with direct foreign equity up to 25% to raise fund overseas without government permission.
Nothing is going right for infrastructure companies at the moment. Yet, the levels to which the stocks have been beaten down, have made them attractive, N Jayakumar of Prime Securities, says in an interview to CNBC-TV18. Lanco, GMR and JP Associates are among the stocks that he sees value in.
Union Budget 2011 made special provisions to help infrastructure companies get more money. CNBC-TV18’s Latha Venkatesh caught up with Rajiv Lall, CEO of IDFC, Pradeep Kumar, CEO of IIFCL and Anjan Barua, Deputy Managing Director of State Bank to discuss how these provisions will make infrastructure finance get better.
There is a growing fear that the rising oil price may have far dampening effect on Indian market. In an interview to CNBC-TV18, Anand Tandon, CEO, JRG Securities is worried that the oil shock may again deflate the economies fairly significantly.
Shriram Transport Finance Corporation came out with its results. The revenues were up 19.2% at Rs 1375.6 crore versus Rs 1154.5 crore.
India’s top bankers, S Sridharan MD of SBI and Shikha Sharma MD, CEO of Axis Bank, in an exclusive interview on CNBC-TV18, detail if infrastructure loans given by banks could lead to asset liability mismatches, a greater chance of bad loans or if it is too early to worry.