News Muncher - category spv

5 days, 14 hours ago

Noida to have electric bus service by THIS time in 2025

Noida: The Noida authority on December 17 clarified that it has formed a special purpose vehicle to run the bus service of the city. After following directions of the Uttar Pradesh government, the three authorities - Noida, Greater Noida, and Yamuna Expressway Industrial Development Authority - have formed the SPV as the government intends to connect Noida International Airport, located …

Service Buses Greater Noida Authority Spv City Bus Service Noida Bus

6 days, 9 hours ago

Pendency Of Proceedings Before NCLT For Approval Of Scheme Of Arrangement Does Not Preclude Financial Creditor From Filing Petition U/S 7: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan, Mr. Barun Mitra and Mr. Arun Baroka has held that the pendency of proceedings before the NCLT for approval of the scheme of arrangement does not preclude the Financial Creditor to proceed with Section 7 application. That the very fact that the Corporate Debtor during pendency of Section 7 application has …

Supreme Court Corporate Corporate Debtor Bank Application Debt Tribunal

2 weeks, 4 days ago

NHAI SPV to issue green bonds worth ₹1,000 crore

Live Mint

New Delhi: The National Highways Authority of India’s fully owned special purpose vehicle DME Development Ltd will issue green bonds to raise funds for the implementation of environment-friendly measures on the Delhi-Mumbai Expressway project. The first-of-its-kind green bond issue in the roads and highways sector is expected to be launched in the second week of December and will be completed …

Delhi Green Issue Nhai Bonds Green Bonds Spv

1 month ago

RECPDCL transfers Khavda transmission project SPV to Power Grid Corporation of India

Live Mint

New Delhi, November 20 : REC Power Development and Consultancy Limited, a wholly-owned subsidiary of REC Limited under the Ministry of Power, has successfully handed over the Special Purpose Vehicle for the Khavda V-A HVDC Transmission Project to Power Grid Corporation of India Limited. According to REC, the official transfer ceremony took place in Gurugram, marking a significant milestone in …

India Transfer Power Nagpur Rec Pgcil Spv

6 months, 1 week ago

Make In India effect: PTC Industries share price jumps 80% in eight days

Live Mint

Make In India effect: PTC Industries share price has been on an uptrend for the last eight successive sessions. Trigger for PTC Industries shares Highlighting the triggers for PTC India share price rally, Avinsh Gorakshkar, Head of Research at Profitmart Securities, said, "The reason for the rise in PTC Industries shares can be attributed to two major reasons: strong Q4 …

India Defence Participation Price Ptc Industries Industries Limited Spv

7 months, 4 weeks ago

Solar power potential in India has decreased over last three decades: Study

Hindustan Times

A recent study has highlighted that with a decreased trend in solar radiations over most of the country, the solar power potential in India has decreased over the last three decades. The technical potential of solar power has a significant decreasing trend in most of the selected stations, which is alarming. As solar radiation intensity has been decreasing and there …

India Energy Trend Potential Solar Country Solar Power

9 months, 3 weeks ago

Sebi wants to nurture Indian real estate’s ₹ 4,000 crore baby. But why?

Live Mint

Bengaluru: Suresh Poddar works in a financial services firm in Kuwait City. In short, fractional ownership is a co-ownership model where individual investors can own commercial real estate through an alternate investment route. In the last three years, Poddar invested in commercial real estate assets sold by two fractional real estate companies, hBits Proptech and Strata Property Management. As per …

India Real Estate Bengaluru Mumbai Property Investment Indian

11 months, 2 weeks ago

Luthra and Luthra Advised Leading Banks In Connection With Rupee Loan Facilities Availed By InvIT

Live Law

Luthra and Luthra Law Offices India recently advised ICICI Bank Limited, India Infrastructure Finance Company Limited, Axis Bank Limited and State Bank of India in connection with rupee loan facilities of INR 1900,00,00,000 availed by Highways Infrastructure Trust, the road InvIT platform launched by KKR.. The InvIT is an infrastructure investment trust under the provisions of the SEBI Regulations, 2014 …

Team Facility Spv Invit Luthra

11 months, 3 weeks ago

Centre to finalize all SPVs for PM MITRA parks in early 2024

Live Mint

NEW DELHI : The government is in the final stages of creating special purpose vehicles for the Pradhan Mantri Mega Integrated Textile Region and Apparel parks to boost the textile sector. Kulin Lalbhai, the chairman of CII National Committee on textiles & apparel, said: “I don’t have any specific comments to make on the current status of activity in SPV, …

India Parks Mitra Centre Textile Spv Pm Mitra

1 year ago

Why billionaires from across the world are moving businesses to Abu Dhabi

Firstpost

A number of billionaires, including Egypt’s richest man, are flocking to Abu Dhabi, setting up special-purpose vehicles there. Arrival of billionaires in Abu Dhabi Recent data has revealed that a growing number of billionaires across the world are setting up special purpose vehicles in Abu Dhabi this year. Bhaskar Dasgupta, a former corporate adviser for the Abu Dhabi free zone, …

Russia World Tax Uae Abu Dhabi British Virgin Islands

1 year ago

Questions remain over the govt’s ‘smart city mission’ project, says new report

Hindustan Times

New Delhi: Initiatives under the flagship Smart Cities Mission launched by the NDA government in 2015 are already noticeable. Smart cities work under a special purpose vehicle model by forming a company jointly owned by the urban local body and state government for the particular city. The report also said that worldwide, smart city initiatives such as New York, Amsterdam, …

India Authors Urban Indian City Smart City Smart Cities

1 year ago

Have a crore to invest in a second home in Goa? Here’s what you should know

Hindustan Times

Market regulator Securities and Exchange Board of India's recent decision to allow the creation of small and medium REITs along with guidelines for fractional ownership, is expected to open the doors to fractional ownership of rent yielding real estate assets, including uber-luxury second homes across the country. Shravan Gupta, founder and CEO of YOURS, a platform for fractional ownership of …

India Goa Property Cost Investors Second Estate

1 year, 1 month ago

PBOC may take steps on local govt debt strain

China Daily

China's central bank is likely to provide low-cost funding for commercial banks assisting certain local governments in addressing their debt strain, underlining the country's growing emphasis on defusing local government debt risks, experts said. Their comments echoed the remarks of Pan Gongsheng, governor of the People's Bank of China, who said in a China Central Television interview on Friday that …

China Financial Local Bank Debt Central Yang

1 year, 7 months ago

SRA asked to pitch in ₹300 crore for Dharavi Redevelopment Project

Hindustan Times

Mumbai: The state government has directed the Slum Rehabilitation Authority to contribute ₹300 crore to the Dharavi Redevelopment Project, of which ₹200 crore will be allotted to Rail Land Development Authority towards the 45-acre railway land and ₹100 crore will be diverted towards DRP’s equity in the Special Purpose Vehicle to be created for the Dharavi project. It was agreed …

Crore Dharavi Sra Drp Spv

1 year, 8 months ago

IRB Infra surges over 3% as March 2023 toll collection jumps 21% YoY

Live Mint

IRB Infrastructure Developers, a developer of highway infrastructure, projected significant toll collection for March 2023. IRB MY Expressway and IRB Ahmedabad Vadodara Super Express Tollway, two wholly-owned subsidiaries, claimed a 10% growth in toll collection. The IRB Ahmedabad Vadodara Super Express Tollway's collection was 55.3 in March 2023 vs. 49.6 crores in March 2022. Consequently, toll rates for the SPV …

Crore 2023 Collection Toll Toll Collection Irb Spv

1 year, 8 months ago

Finance Act 2023: How your income from Reits and InvITs will be taxed

Live Mint

The amendments to the Finance Bill 2023, passed by Lok Sabha and that received the President’s assent, include changes to the budget proposal pertaining to taxation of real estate investment trusts and infrastructure investment trusts. Now, the ‘loan repayment’ distribution component from Reits and InvITs need not be treated as income from other sources, as stated in the Budget. Before …

Tax Budget Trusts Income Capital Capital Gains Issue

2 years ago

What is securitized debt and how does it work?

Live Mint

“Innovation is taking two things that exist and putting them together in a new way.” – Tom Freston In financial markets. Let’s understand the risks involved: Prepayment Risk: If the borrower makes early payment then it could be a challenge for XYZ MF to reinvest the same at similar or higher interest rates. Interest Rate Risk: Especially in the case …

Products Bank Loans Debt Risk Case Certificates

2 years ago

Adani Group wins Dharavi redevelopment project with ₹5,069 crore bid

The Hindu

The Adani Group on November 29 won the bid to redevelop Dharavi, one of the largest slum clusters in the world with an initial investment of ₹5,069 crore. SVR Srinivas, chief executive officer of Dharavi Redevelopment Project and commissioner of Maharashtra Housing and Area Development Authority confirmed the same and said, “Adani Group won the bid with ₹5,069 crore, DLF …

Crore Group Adani Bid Dharavi Redevelopment Project Spv

2 years, 1 month ago

DLF, Adani, Naman Group bid for Dharavi redevelopment project

The Hindu

The Maharashtra government has received bids from DLF Group, Adani Group and Naman Group for the redevelopment of Dharavi, one of the largest slum clusters in the world. Srinivas, chief executive officer of the Dharavi Redevelopment Project and commissioner of Maharashtra Housing and Area Development Authority said, “We have received three bids, we will now do the technical scrutiny in …

Maharashtra Bid Dharavi Redevelopment Project Spv

2 years, 4 months ago

Kaleshwaram project’s fate hangs in balance

Hindustan Times

The sudden stoppage of loans by the two central government lending agencies to the Kaleshwaram lift irrigation scheme, being built on the Godavari river, has left the prestigious project of the Telangana government high and dry. As per the agreement, the PFC is supposed to lend ₹ 37,000 crore, while the REC would lend another ₹ 30,000 crore for the …

Telangana Project State Crore Centre Rbi Kaleshwaram

2 years, 4 months ago

UGC to launch portal for online courses

The Hindu

On Friday, the University Grants Commission will launch a portal to offer undergraduate and postgraduate digital courses. UGC chairman M. Jagadesh Kumar said the commission had tied up with MeitY recently not only “to make the last mile connectivity a possibility” but also ensure students could access the content in regional languages besides English. The UGC is tapping into this …

Kumar Ugc Courses Csc Spv

2 years, 8 months ago

Karnataka Mining: Supreme Court To Appoint Former Judge Justice Sudarshan Reddy As Oversight Authority

Live Law

Supreme Court on Thursday decided to appoint former Supreme Court Judge Justice B. Sudarshan Reddy as the oversight authority for implementation of the Comprehensive Environmental Plan for Mining Impact Zone with regard to mining operations in the State of Karnataka.The plan is for eco-restoration, socio economic development and railway backbone infrastructure for the mining impact. Supreme Court on Thursday decided …

Karnataka Justice Supreme Court Monitoring Economic Development Mining Judge

3 years ago

What is Securitisation?

Business Standard

Let us assume that a property loan company wants to raise funds. But the lender can raise money by pooling these property loans and selling it as a package to a Special Purpose Vehicle, which in turn converts this pool of loans into tradable securities that are sold to investors. Any type of asset with steady cash flows can be …

Loans Investors Spv

3 years, 2 months ago

Rail Vikas Nigam Limited inks MoU with Tata Steel for implementation of various infra projects

Live Mint

Rail Vikas Nigam Limited informed the stock exchanges that it has entered into an agreement with Tata Steel Ltd for implementation of various infrastructure projects. The latest agreement with Tata Steel is in connection with implementation of infrastructure projects either on nomination basis as a deposit work or through the special purpose vehicle route. Meanwhile, Tata Steel, a flagship company …

Steel Tata Rvnl Tata Steel Inks Mou

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Articles for Spv

Noida to have electric bus service by THIS time in 2025

Pendency Of Proceedings Before NCLT For Approval Of Scheme Of Arrangement Does Not Preclude Financial Creditor From Filing Petition U/S 7: NCLAT

NHAI SPV to issue green bonds worth ₹1,000 crore

RECPDCL transfers Khavda transmission project SPV to Power Grid Corporation of India

Make In India effect: PTC Industries share price jumps 80% in eight days

Solar power potential in India has decreased over last three decades: Study

Sebi wants to nurture Indian real estate’s ₹ 4,000 crore baby. But why?

Luthra and Luthra Advised Leading Banks In Connection With Rupee Loan Facilities Availed By InvIT

Centre to finalize all SPVs for PM MITRA parks in early 2024

Why billionaires from across the world are moving businesses to Abu Dhabi

Questions remain over the govt’s ‘smart city mission’ project, says new report

Have a crore to invest in a second home in Goa? Here’s what you should know

PBOC may take steps on local govt debt strain

SRA asked to pitch in ₹300 crore for Dharavi Redevelopment Project

IRB Infra surges over 3% as March 2023 toll collection jumps 21% YoY

Finance Act 2023: How your income from Reits and InvITs will be taxed

What is securitized debt and how does it work?

Adani Group wins Dharavi redevelopment project with ₹5,069 crore bid

DLF, Adani, Naman Group bid for Dharavi redevelopment project

Kaleshwaram project’s fate hangs in balance

UGC to launch portal for online courses

Karnataka Mining: Supreme Court To Appoint Former Judge Justice Sudarshan Reddy As Oversight Authority

What is Securitisation?

Rail Vikas Nigam Limited inks MoU with Tata Steel for implementation of various infra projects