The State Bank of India (SBI) and National Investment and Infrastructure Fund (NIIF) have inked a memorandum of understanding (MoU) to boost the availability of capital for infrastructure projects. The scope of the MoU includes equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets. The objective of this initiative ..
Corporate finance: GK, Current Affairs, Questions, Trivia and News
On December 07, the Annual Startup India Venture Capital Summit 2018 has been organised by the Department of Industrial Policy and Promotion (DIPP) in collaboration with the Government of Goa with theme ‘Mobilizing Global Capital for Innovation in India’ in Goa. The focus of the Summit was on the huge return-generating potential of India’s vast ..
A DVR share is like an ordinary equity share, but it provides fewer voting rights to the shareholder. The objective of issuing DVR shares is for prevention of a hostile takeover and dilution of voting rights. It also helps strategic investors who do not want control, but are looking at a reasonably big investment in ..
The government has approved 10.82 % disinvestment of its hold in Steel Authority of India (SAIL). The SAIL public offer has got the clearance of the Cabinet Committee on Economic Affairs (CCEA). The share sale process, which will be done through auction route or offer for sale, is projected to generate over Rs 4,000 crore ..
The Centre agreed upon a Rs 35000 crore debt restructuring package to the textile sector. Step is taken to support the textile industry in this moment of crisis. The total outstanding debt of the textiles sector is Rs 1,55,809 crore of which debt of Rs 35,000 crore requires restructuring. Govt would issue directives to Banks ..