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Govt asks REC to use IRFC's quota of tax-free bonds
Rural Electrification Corporation has received a bonanza from the government in the form of a Rs 3,000-crore, tax-free bond window for this year. The window was created by the Indian Railways, which has not used its entire quota of tax-free bonds. REC would launch the tax-free issue by early March, director (finance) H D Khunteta told Business Standard. So far, the company has raised Rs 22,000 crore

NHAI bonds gain 3% on debut

The tax-free bonds of the National Highways Authority of India (NHAI) made a strong debut on the bourses on Wednesday. After opening at Rs 1,030, the 10-year bond closed with gains of Rs 28.21, or

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IRFC bond issue closes today

After raising money successfully, Indian Railway Finance Corporation (IRFC) will close its issue of tax-free bonds on Friday, a week earlier than the scheduled closing on February 10. Subscription

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Rlys to take largest-ever Plan size cut this year

At a time when the government is pushing cash-rich public sector companies to pep up the economy through greater spending, the railways are likely to cut Plan expenditure by Rs 9,079 crore this year.

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IRFC and Hudco collect over Rs 10k cr on Day One

Tax-free bond issues of Indian Railways Finance Corporation (IRFC) and Housing and Urban Development Corporation (Hudco) saw reasonably good collection on the first day. Both issues made a combined

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Indian Railway Finance Corporation offers tax-free bonds

Indian Railway Finance Corporation Limited (IRFC), the financing arm of Indian Railways, is proposing to issue tax free, secured, redeemable, non-convertible bonds of face value of Rs. 1,000 each

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Indian Railway Finance Corporation Galleries

Rail Budget 2011: The list of ...

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