News

Housing loan market grows by 9.6% in December quarter: Report.

The housing loan market in the country witnessed a rebound and registered a year-on-year growth of 9.6 per cent in terms of portfolio outstanding (PoS) in the third quarter of FY2021, despite the COVID-19 pandemic, says a report.

Infrastructure credit grew marginally to Rs 22.6 lakh- crore in H1FY21- A report.

Infrastructure credit by banks and NBFC-IFCs in the country marginally grew to Rs 22.6 lakh- crore in the first half of the current fiscal compared to Rs 22.5 lakh crore in 2019-20, says a report.

Kamdhenu Group resumes 80% of its Steel TMT bars manufacturing capacity across the country

Kamdhenu Limited, a well-diversified group in steel and paint, has resumed around 80% of its production capacity of branded TMT bars from its franchisee manufacturing plants across India

Govt to infuse Rs 10,000 crore in housing finance companies

Government is infusing an additional Rs 10,000 crore in housing finance companies to boost lending in the sector, a government statement said, at a time when the shadow banking industry is under stress due to lack of liquidity.

AIIB plans $2.5 billion investment in India's metro, road projects

The Asian Infrastructure Investment Bank (AIIB) is planning to invest up to $2.5 billion in urban transport projects, such as Metro commuter-rail networks and radial roads, giving a boost to New Delhi's Smart City initiative.

ADB approves $1 billion loans for the construction of Delhi-Meerut RRTS.

The Asian Development Bank (ADB) has approved a $1 billion loan to support the construction of the modern, high-speed Delhi–Meerut Regional Rapid Transit System.

EIB Approves $1.52 Billion for Infrastructure, Energy in India

The European Investment Bank (EIB)has announced that it has approved 800 million euros ($937 million) for renewable energy projects in India and another 500 million

First 12,000 HP electric locomotive joins network.

The first WAG12B (12000 HP) locomotive, recently departed from the Pandit Deen Dayal Upadhyaya railway station in Uttar Pradesh.

IL&FS crisis trigger alarm bells for PPP.

With the default crisis that has struck IL&FS, flagbearer of the public-private partnership (PPP) programme, may be the last straw for PPP model according to the expert's point of view.

DLF share rises after announcement of joint venture with Hines

The shares of DLF Ltd climbed as the company informed the exchanges about Hines joint venture investment up to Rs 1,900 crore for developing 2.9 million square feet in Udyog Vihar, Gurugram