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The Indian team of Satnam Singh, Parminder Singh, Jakar Khan, and Sukhmeet Singh qualified for the men's quadruple sculls final with a timing of 6:09.94 seconds.
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Satnam Singh, chief managing director, Power Finance Company says the company may see a non performing asset (NPA)- Konaseema Gas becoming a standard asset if the court rules in favour of it.
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Satnam Singh, Chairman, PFC said, "We are looking to buy a substantial stake in a PSU (public sector unit) bank which will allow us to have a representation at the board level,"
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Satnam Singh, CMD, Power Finance Corporation Limited (PFC) said they are looking at buying stake in a bank to ensure their payment security mechanism. He believes, PFC is on track to fulfil the RBI‘s 0.25 percent criteria for provisions in three years times.
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State-run lending agency Power Finance Corp today said it will launch tax free bond issue to garner up to Rs Rs 4,590 crore from Friday.
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State-run Power Finance Corporation has set a disbursement target of Rs 40,000 crore in FY13, informed CMD Satnam Singh. In an interview with CNBC-TV18, he said the company has already disbursed Rs 17,000 crore in the first half of the current fiscal year.
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Power Finance Corp along with Tata Capital will set up a USD 1 billion private equity fund, that would mainly focus on financing for domestic power projects.
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State-run Power Finance Corporation today posted 33 per cent rise in net profit to Rs 1,084 crore for the quarter ended September 30, 2012.
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State-run Power Finance Corporation (PFC) today reported a near 16% increase in net profit at Rs 3,032 crore for the financial year ended March 31, 2012.
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Satnam Singh, CMD of PFC said net interest margin and spread are also likely to improve in the next financial year with RBI putting a full stop on lending rates.
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It appears that power distribution companies remain unable to raise tariffs with a result that their profit and loss accoints and their balance sheets are now once again at breaking point.
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State-run lending agency Power Finance Corporation (PFC) has drawn up plans to cater to the increasing demand for renewable energy segment. As a first step, the company has created a subsidiary called PFC Green Energy Ltd for its renewable energy-based power generation arm.
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Satnam Singh, chairman and managing director of PFC said, "hike in interest rates would not have a significant impact on the company's future margins. As fas as future lending is concerned, they are in a position to pass on the increased cost of funds to developers."
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In a infrastructure panel discussion on building future proof power plants with CNBC-TV18’s Siddharth Zarabi, eminent panelists discuss the very crucial issue for the Indian economy.
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Power Finance Corporation (PFC) has recently got an approval for a Follow-on Public Offer (FPO) from the cabinet. The company is set to release the FPO launch date by fiscal-end. Satnam Singh, Chairman & Managing Director, PFC says that the company aims to raise around Rs 5,600 crore at the present market price.
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Power Finance Corporation (PFC) declared the launch of its income tax saving infrastructure bond today with the offering set to raise Rs 5300 crore, the biggest among all recent bond issuances.
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In an interview with CNBC-TV18, Satnam Singh, Chairman and MD, PFC, spoke about the results and his outlook for the company.
