IIFCL launches Infrastructure Debt Fund

NI Wire,    Tue, 18 Jun 2013
Eyeing to raise initial corpus of $1-billion, the government run infrastructure development company India Infrastructure Finance Company Limited (IIFCL) Tuesday launched its first infrastructure debt fund (IDF)................

Rising food inflation influencing overall inflation: RBI

NI Wire,    Mon, 17 Jun 2013
Rising price of foodstuffs like cereals and vegetables is one of the major reason of pressure on India's overall inflation rate, the Reserve Bank of India (RBI) said Monday. Higher food inflation, specifically in respect of cereals and vegetables, "sustained upside pressures on overall inflation," the RBI said in its mid-quarter review of the monetary policy.

RBI keeps key rates unchanged, worries inflation risks

NI Wire,    Mon, 17 Jun 2013
The Reserve Bank of India (RBI) on Monday including cash reserve ratio (CRR) and repo rate, saying the fall in rupee has provoked the risk on inflation. In its mid-quarter review of the monetary policy for 2013-14, the central bank kept the repo rate unchanged to 7.25 percent while the reverse repo rate was fixed to 6.25 percent.

Economic reformation is not an ODI match: Chidambaram

NI Wire,    Thu, 13 Jun 2013
Vindicating that exhilarating economy is not a one-day match, Finance Minister P Chidambaram on Thursday appealed the experts and people consider a "long-term view", and added that noteworthy reforms have been carried out in the last nine months, and the coming weeks will see even more reforms..

SAIL and Kobe Steel, Japan to set up steel plant

NI Wire,    Sun, 9 Jun 2013
India's largest steel maker Steel Authority of India Limited (SAIL) on Saturday announced that it is looking forward to its joint-venture with Japan's Kobe Steel for setting up a 0.5 million tonnes per annum iron nugget plant at Durgapur in West Bengal.

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