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IDFC targets 20% credit growth in FY13
Infrastructure Development Finance Corporation (IDFC) is looking to grow its loan book by over 20 per cent in the current financial year, with significant business from refinancing business. Its net loan growth in FY12 was about Rs 10,000 crore. Of this, the share of refinance was in excess of 30 per cent. In 2012-13, too, refinance will have a similar share in loan growth, said IDFC executive director

Xander rides on contra bets

Xander Group, named after the Greek conqueror, Alexander, who established initial economic connections between India, other emerging Asian markets and the West, seems to follow its inspiration in

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Panasonic Corporation to up stake in Indian arm

Japanese home appliance major Panasonic Corporation would increase its stake in the India subsidiary — Panasonic Home Appliances India Company Ltd — by infusing Rs 19.58 crore along

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TN govt to up private infra spend in 2023

The Tamil Nadu government is looking at increasing private sector investment in infrastructure development from 15 per cent of the Rs 25,000 crore in 2010 to 42 per cent of the estimated Rs 2.37

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Sensex down more than 250 points as selling continues

Due to sustained selling almost across the board, the market, which opened on a weak note this morning, continues to languish deep down in negative territory now. Concerns about weak global economic

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Metros get a push with 12% higher allocation

The allocation for Metro projects has increased by over 12 per cent from Rs 5,166 crore to Rs 5,798.57 crore, in line with finance minister Pranab Mukherjee’s push for infrastructure projects

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