A-I NEEDS Rs1,000-CR GOVT FUNDING: IL&FS REPORT
Article Abstract:
Infrastructure Leasing and Financial Services (IL&FS), has recommended capital investment of Rs1,000 crore by the government in Air-India in its report. IL&FS has prepared a report on the strategy for solving Air-India's financial crisis. According to the report, investment can be made in the form of a loan, out- right grant, subordinated loans or enhanced equity participation. The Air-India board is considering private placement of bonds, securitisation of its ticket receivables and wrap-around loans as alternate measures for funding its working capital requirements. These measures are expected to improve the cash availability without adding to the interest liability. (gsh)
Comment:
Recommends capital investment of Rs1,000 crore by the government in Air-India in its report
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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HOUSING FINANCE - HDFC
Article Abstract:
Housing Development Finance Corporation (HDFC) meets its funding requirements from a huge depositor base and through funds from National Housing Bank (NHB) under its re-finance scheme, loans from commercial banks and other national and international organisations - International Bank for Reconstruction and Development (IBRD) and International Finance Corporation (IFC). HDFC posted a total income of Rs1283 crore and net profit of Rs225.82 crore till December 1998 (During 1997-98, the total income was estimated at Rs1455 crore and net profit of Rs268 crore). The fall in the net profit is attributed to increased interest outflows. HDFC has recently slashed its lending interest rates. (um)(m)
Comment:
Housing Development Finance Corporation (HDFC) meets its funding requirements from a huge depositor base and through funds from National Housing Bank (NHB) under its re-finance scheme, loans from commercial banks and other national and international organisations - International Bank for Reconstruction and Development (IBRD) and International Finance Corporation (IFC).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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IFC SAYS NO SANCTIONS ON COMMITTED LOANS
Article Abstract:
International Finance Corporation, Washington, has guaranteed to provide loans which are committed prior to the US sanctions against India. IFC has committed funds worth $1.96 billion as on March 31, 1998. Ispat Industries and GVK Power will benefit by this decision. However, IFC will not grant loans on fresh applications. The foreign direct investments sanctioned by the government between 1991 to 1998 amount to $47 billion and actual inflow is $10 billion. (rk)
Comment:
Guarantees to provide loans that are committed prior to US sanctions against India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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