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Construction & Infrastructure News

Referral hiring portal GrownOut gets funding from Matrix Partners India

October 2014

Delhi based referral hiring solution provider, GrownOut has raised an undisclosed amount of investment from Matrix Partners India. GrownOut plans to ...

Deals, GrownOut, Referral Hiring Solution, Matrix Partners, Funds

Axis Bank to raise Rs 60 Billion through bonds

August 2014

Axis Bank has raise Rs 60 billion from bonds to fund its business growth. The board of Directors of Bank has approved issuance of long term bonds / n...

Deals, Axis Bank, Bonds, NCD, Loans, Deposits, Insurance, Cash Management Services, Treasury, Investments, Capital Market, Remittances, Global Depositary Receipt

ASK Group provides funds for ATS Noida project

July 2014

ATS Group has raised of Rs 1,270 million from the offshore fund managed by Singapore-based arm ASK Capital Management for developing housing project ...

Deals, ATS Group, ASK Capital Management, Housing Project, Noida, Offshore, Funds, Project, Monetization, Real Estate, Singapore

Sembcorp acquires Additional stake in Thermal Powertech Ltd

July 2014

Temasek owned Sembcorp has acquired additional 16 per cent stake in its Joint Venture entity Thermal Powertech Ltd for Rs. 4,000 million. The stake h...

Thermal Powertech Ltd, Temasek, Redeemable Convertible Preference Shares, Gayatri Projects Limited, Power, Coal, Krishnapatnam, Andhra Pradesh, Distribution

Budget Reaction: Tushar Mehendale, Managing Director, ElectroMech Material Handling Systems

July 2014

The thrust on setting up newer industrial clusters is a step in the right direction. The government has also promised to review all the retrospective...

India, 2014, Union Budget, Tushar Mehendale, ElectroMech Material Handling Systems, industrial clusters, tax, investment

Budget Reaction: Col. RS (Pickles) Sodhi, Managing Director, Alpha G:Corp

July 2014

This maiden budget by the new government had to be cautious due to the present state of the economy, especially the alarming fiscal deficit. The FM w...

India, 2014, Union Budget, RS Sodhi, Alpha G:Corp, fiscal deficit, infrastructure, banking, insurance, FDI, REITs

Budget Reaction: Daksha Baxi, Executive Director, Khaitan & Co.

July 2014

This is a major change in tax policy. Deferring the capital gains tax in the hands of the sponsor upon transfer of assets to REITS, according the sam...

Indja, 2014, Union Budget, Daksha Baxi, Khaitan & Co., Tax, REITS, FDI, SME, Manufacturing, Real Estate

Budget Reaction: Bijal Ajinkya, Partner, Khaitan & Co.

July 2014

The Government has very clearly shown its focus on the infrastructure and real estate sector by making a proposal to provide a tax pass through to In...

India, 2014, Union Budget, Bijal Ajinkya, Khaitan & Co., Infrastructure, investment, REITS, Real Estate, Tax
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