INDIAN RAILWAY FINANCE CORPORATION
Moody’s downgrades outlook on SBI, HDFC Bank, Infosys, TCS and 17 others
Moody’s has downgraded outlook on companies from IT, infrastructure and oil & gas sectors.
After IRCTC IPO, government may divest stake in two more railway firm
The price band of the public issue is fixed at Rs 315 to Rs 320 per equ...
IRFC raises Rs 2,120 crore through bond issue
The allotment of bond was done on July 1, 2019.
Asian Development Bank to provide USD 750 million loan to India for railway track electrification project
Concurrently, with the loan agreement signing, risk participation agreements were signed with private risk participants for the project.
Cabinet may soon take up first corporate bond ETF
The ETF will have bonds of some central public sector units as underlying.
Govt targets IRCTC, IRFC IPOs by Sept, to raise Rs 1,500 crore
IRCTC IPO could fetch about Rs 500 crore, while IRFC could garner close to Rs 1,000 crore.
Railways gets Rs 2,600 crore for revamp of 19 stations
The IRSDC will redevelop the identified railway stations on its own, said a railways official.
Ircon International IPO kicks off; should you subscribe?
In the case of Ircon, the company has historically been debt free.
India INX lists IRFC's green bonds - first debt security at IFSC
IRFC had last year raised USD 500 million from the 10- year green bond from investors in Asia, Europe and offshore US through listing on the London Stock Exchange (LSE).
Railways plans market study to shore up revenue by Rs 30,000 crore
The move follows the railways unveiling its plan in the 2018 budget to spend around Rs 1.5 lakh crore — the highest ever — on strengthening rail network and capacity expansion.
IRFC gets Rs 6,300 crore as accounting norms change
In the case of IRFC, since its business continues to grow year after year, the accretion of DTL is much greater than reversal.
IRFC hits overseas debt market with $500-million bond sale
The IRFC is in the dollar bond market with a benchmark issue, planning to raise around USD 500 million, an i-banker working on the issue told today.
Railways may borrow record Rs 42,000 crore this year
The amount, to be raised by the Indian Railways Finance Corporation (IRFC), is Rs 7,000 crore or a fifth more than the total borrowings of the national transporter in the current fiscal.
Railway Ministry to scrap bids for 9,500 wagons, water plants
Rail Neer is the packaged drinking water produced and supplied in trains by the railways catering arm, the Indian Railway Catering and Tourism Corporation (IRCTC).
Indian railways' agency lists bond on London Stock Exchange
Indian Railway Finance Corporation was set up in 1986 as the dedicated financing arm of the Indian Railways for mobilising funds from domestic and overseas Capital Markets.
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