Infra Firms
DSP MF cautions investors against lumpsum investment in infra fund
Says the valuations can lead to volatility, despite robust long-term outlook
 "DSP MF cautions investors against lumpsum investment in infra fund")
IIFCL targeting for zero net NPAs for FY25, says MD PR Jaishankar
The state owned company has sent its comments to RBI on draft infra financing rules
 "IIFCL targeting for zero net NPAs for FY25, says MD PR Jaishankar")
Budget: India Inc results may mirror govt expenditure in upcoming qtrs
In comparison, Larsen & Toubro, Maruti Suzuki, and Bajaj Auto have seen strong double-digit growth in net sales and net profit. fuelling a rally in their share prices
 "Budget: India Inc results may mirror govt expenditure in upcoming qtrs")
Sebi mulling exemptions in AIF norms, may allow pledging of infra assets
Sebi has been consulting with the Reserve Bank of India (RBI) too, he added, to discuss the potential 'financial stability ramifications'
 "Sebi mulling exemptions in AIF norms, may allow pledging of infra assets")
ICRA upgrades outlook on infra finance firms to 'positive' from 'stable'
Rating agency cites sector's improved solvency profile, loan book growth and earnings
 "ICRA upgrades outlook on infra finance firms to 'positive' from 'stable'")
ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects
The base issue size for ICICI Bank's infra bonds was Rs 1,000 crore with green shoe option of Rs 4,000 crore
 "ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects")
Infrastructure firms can resist further rupee depreciation: Moody's
Generally, corporate infrastructure issuers have features that shield them to currency weakness
 "Infrastructure firms can resist further rupee depreciation: Moody's")
BoB mulls issuing long term bonds to fund infra, affordable housing sectors
Bank of Baroda is mulling to raise capital by issuing long term bonds to finance infrastructure and affordable housing sectors in the country. A meeting of the investment committee will be convened later this month to get an approval, Bank of Baroda said in a regulatory filing on Thursday. "The Investment Committee meeting of our bank is scheduled to be held on 16th July 2022 to finalise the quantum and timing of issuance of long term bonds for financing of infrastructure and affordable housing, out of the board approved limit of Rs 5,000 crore," it said. Stock of Bank of Baroda closed 5.63 per cent higher at Rs 105.05 apiece on BSE.
 "BoB mulls issuing long term bonds to fund infra, affordable housing sectors")
Infra firms face uncertainty in Andhra as Jagan cancels several projects
Industry experts do not expect much trouble in projects where work hasn't started
 "Infra firms face uncertainty in Andhra as Jagan cancels several projects")
Infra firms line up for InvIT offer after IRB success
R-Infra, Sterlite Power among those planning to launch their InvITs in coming months
 "Infra firms line up for InvIT offer after IRB success")
