Infrastructure Investment

Long road to fiscal consolidation

Even though India needs large infrastructure investments, the government should have prioritised fiscal consolidation

India's G20 presidency: Infra Working Group meet to begin today in Pune

A two-day G20 Infrastructure Working Group (IWG) meeting will begin in Maharashtra's Pune city on Monday where participants will deliberate on various aspects of infrastructure investments. The meeting will be joined by 65 delegates from IWG member countries, guest nations and international organisations invited by India to discuss the 2023 Infrastructure Agenda under India's G20 presidency, as per an official release. The Department of Economic Affairs, Ministry of Finance, and Government of India will host the two-day IWG meetings, with Australia and Brazil as co-chairs, the release said. "The G20 Infrastructure Working Group deliberates on various aspects of infrastructure investments, including developing infrastructure as an asset class, promoting quality infrastructure investment and identifying innovative instruments for mobilising financial resources for infrastructure investment," it said. The outcomes of the Infrastructure Working Group feed into the G20 Finance Track ...

SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times

10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield

Edelweiss Energy InvIT raises Rs 2,300 crore; to invest in energy assets

AnZen Trust has acquired two operating inter-state transmission assets, located in the states of Punjab, Haryana and Bihar

In US, FM calls for infra investments, simple international taxation rules

Finance Minister Nirmala Sitharaman on Thursday emphasised on infrastructure investments and simplification of international taxation rules

Capex loan disbursement to states may rise to Rs 70,000 cr by Q2 end

This is lower than Finance Minister Nirmala Sitharaman's expectation Rs 1 trillion would be released by end of September

IFCI approves allotment of preferential shares to govt to raise Rs 100 cr

The decision was taken at extraordinary general meeting (EGM) of the shareholders of the company, IFCI said in a regulatory filing

Need to bridge global infra funding gap: FM Sitharaman at G20 meet

Finance Minister Nirmala Sitharaman on Friday emphasised the need for bridging the infrastructure funding gap and developing innovative financing mechanisms for an inclusive growth in the sector.

PM announces Rs 100 trillion Gatishakti scheme for holistic infra growth

Modi on Sunday announced a Rs 100 lakh crore Pradhan Mantri Gatishakti initiative which will create employment opportunities for the country's youth and help in a holistic infrastructure growth.

India's economic recovery 'delayed' not 'derailed': L&T chief A M Naik

Says given the scale of India's infra deficit, the company is optimistic about govt's intent to complete projects as envisaged in the National Infrastructure Pipeline

More projects on road for NHAI's infrastructure investment trust

It is expected that the InvIT would overtake the toll-operate-transfer (TOT) projects as the preferred monetisation route for the authority during the current year

Sebi frowns on InvITs with too few investors, asks them to expand base

The regulator is concerned about the structure being used for getting around tax requirements, according to a sources

Govt to launch national monetisation pipeline for brownfield infra assets

Finance Minister Nirmala Sitharaman said the government will launch national monetisation for potential brownfield infrastructure assets

PE/VC investments in 2020 at par with 2019 at $47.6 billion, says EY-IVCA

Investments in Reliance Group entities worth S$17.3 billion accounted for 36% of all PE/VC investments in 2020

Step up infra investment to spur demand, revive economy: SBI chief

Says banks not risk averse, they are being prudent

Sterlite Power offloads 14.7% stake in IndiGrid for Rs 840 crore

IndiGrid is India's first infrastructure investment trust in the power sector

Low valuations, weak market appetite, liquidity woes hurt new InvITs

Rating agency ICRA had earlier in February estimated that Rs 2 trillion would likely be raised through the InvIT route over the next five years

Nomura sees Nifty at 10,200 in Mar'21; financials to drag earnings

The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura

401 infrastructure projects show cost overrun of Rs 4.06 trillion: Report

The expenditure incurred on these projects till December 2019 was Rs 10,89,178.11 crore, which is 44.06 per cent of the anticipated cost of the projects

Sitharaman's infrastructure push need not be a pipe-dream: Here's how

The government should be happy that they are still buying civilization by investing in infrastructure bonds instead of paying their full taxes.