Starting a multi-billion dollar debt and equity infrastructure fund in India is a hot item in America
Babu Ghanta
Dec. 25, 2006

India is willing to do anything to accept Western multi-billion dollar debt and equity infrastructure fund. The fact is creating a massive opportunity for the Western especially American financial institutions.

According to media reports, global financial services major Citigroup is in talks with the government to start a 5 billion dollar debt and equity infrastructure fund in partnership with IDFC.

Another US-based private equity firm, Blackstone has also proposed a fund for infrastructure in India, the size of which is not known.

Citigroup has proposed a total fund of five billion dollars, of which two billion dollars is intended to be equity and three billion dollars for debt, Finance Ministry Joint Secretary (Infrastructure) Arvind Maya Ram said here.

The fund by the Group would be in association with Infrastructure Development Finance Company, he said.

Starting a multi-billion dollar debt and equity infrastructure fund in India is a hot item in America
Babu Ghanta
India is willing to do anything to accept Western multi-billion dollar debt and equity infrastructure fund. The fact is creating a massive opportunity for the Western especially American financial institutions.
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You get Rs. 10,000 ($250) for every domestic flight delayed 2 or more hours in Delhi - India getting business efficient
Media Release
In a remarkable happening, State Consumer Commission in Delhi has held that airlines operating from Delhi will have to pay a compensation of Rs 10,000 each to domestic travellers if the delay exceeded two hours.
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Indian stock market enters into a long term bear phase as the rate at which banks borrow money for a day, closed at 9.25 per cent, the highest since January 2001
Babu Ghanta
It seems RBI is concerned just like new Fed Chairman Alan Greenspan was in 1987...Sensex most likely will retest the base of 6300 – a 60% retracement from the top.
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General Motors India today launched its premium hatchback car, the 1.2 litre petrol 'Chevrolet Aveo U-VA' at Rs 3.99 lakh
Media Release
To be pitted against Maruti's Swift and Hyundai's Getz, the car comes in three variants, the other two being priced at Rs 4.39 lakh and Rs 4.79 lakh respectively, both ex-showroom Delhi.
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Sensex maintained its upward march for the second straight day with 87 point gain
Media Release
The Sensex, which had gained nearly 45 points yesterday, rose by 86.88 points to 13,471.74 on the back of support from oil, cement, steel, auto and banking sector stocks.
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Sensex closed higher by 44.65 points at 13,384.86
Media Release
In highly volatile trade, the BSE benchmark Sensex staged a strong comeback to close in positive territory with a gain of nearly 45 points today on emergence of buying by funds.
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Arcelor Mittal takes over Mexican Sicartsa
Media Release
...bought Mexican steel maker Sicartsa from Grupo Villacero for $1.4 billion
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