IndiaBulls Housing Finance to raise Rs 160 crore
24/03/2017 , by in ALLIED

Indiabulls Housing Finance raised Rs 160 crore by issuing non-convertible debentures (NCDs) on private placement basis. This is the 8th tranche of company's Rs 6,000 crore fund raising plan, which was announced last November. The current issue is a Rs 150 crore plus green shoe option of Rs ... Read more...

Disinvestment move by SAIL causes apprehension
Mar 2017 , by in ALLIED

A request for proposal floated by the Steel Authority of India Limited (SAIL), a government-owned enterprise, from qualified bidders for engagement of asset valuer, legal adviser, and transaction adviser for disinvestment in Visvesvaraya Iron and Steel Plant (VISP), Bhadravati, has created apprehens... Read more...

Volume trajectory remains weak in for cements
Mar 2017 , by in ALLIED

Even as the government is looking to push the infrastructure sector the growth in the cement sector is expected to remain weak in the year ahead. Industry volumes for the cement sector saw a 13.3% yoy decline in January 2017, the worst headline numbers for the sector in recent times, even as we r... Read more...

Solar power bids unsustainable bridge to India
Mar 2017 , by in ALLIED

Consulting firm Bridge to India has termed the recent low winning bids for solar power projects in India “unsustainable” and warned that “inadequate risk pricing poses a severe viability challenge for the sector”. The warning comes after solar power developers last month bid as low as Rs2... Read more...

India and Japan spar at the WTO
Mar 2017 , by in ALLIED

In the ongoing dispute between Japan and India over cheap steel imports, Japan has requested that the World Trade Organization set up a panel to resolve the dispute. Early indications are that the move will be opposed by India. Japan’s request comes after New Delhi imposed safeguard duties on s... Read more...

Geberit to enter high end ceramic market
Mar 2017 , by in ALLIED

Geberit, a Swiss multinational group specialized in manufacturing and supplying sanitary parts, is planning to enter the high-end ceramics market in India. The company is also looking for acquisitions in order to gain sizeable market share market in the ceramics and other sanitaryware products. G... Read more...

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