Infrastructure Sector News
Govt wants its strongest banks to help their rival–the country’s youngest infra lender
The Union government is discussing a plan for strong public sector banks to buy stakes in infrastructure lender NaBFID.The discussions are on at various levels of the government on the percentage ownership of banks in NaBFID, which is currently wholly owned by the government.
4 min read16 Jul 2024Why Adani needs another $1 billion
Gautam Adani-led conglomerate in talks with top global investors to raise $750 million to $1 billion via overseas bonds to fund airports growth plans and ramp up solar panel manufacturing business
4 min read29 Apr 2024Gautam Adani’s Ambuja Cements draws up $9-billion war plan for Ultratech battle
The Adani group’s Ambuja Cements has drawn up a blueprint outlining a capital expenditure of about ₹75,000 crore to climb past Aditya Birla group’s Ultratech Cement as the country’s largest cement-maker, but it will be a steep ascent
4 min read22 Apr 2024The man in charge of getting the Baltimore Port back in business
Jonathan Daniels became the head of the mid-Atlantic port in February, roughly two months before a containership destroyed the Francis Scott Key Bridge.
6 min read11 Apr 2024For private InvITs, a new asset category is about to open up
In a policy shift, completed and revenue-generating highways under the toll-operate-transfer (ToT) mechanism will be directly and exclusively auctioned to private InvITs
4 min read24 Mar 2024NaBFID considers $4.8 billion worth of bond sale to double loan disbursements
NaBFID is likely to sell bonds with tenors spanning from 10 to 20 years in the financial year starting April 1, sources told Bloomberg.
1 min read20 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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