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N-deal: India seeks speedy negotiations with US
India today sought speedy negotiations of reprocessing arrangements, as well as liberalisation of the export licensing procedures, to move forward the Indo-US civilian nuclear deal.

Road panel says NHAI loans should get govt guarantee
The B K Chaturvedi committee set up to recommend ways to implement road projects faster and more efficiently, has recommended that the National Highways Authority of India (NHAI) be given sovereign guarantees on the loans it raises from the market.

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Bogey-man awaking
Global inflation: Global inflation is set to present policymakers with a cruel dilemma. After falling early in 2009, prices in many countries have resumed rising. The 1.8 per cent November rise in the US producer price index (PPI) is only the latest example of this. The need to squash rising inflation could soon force central banks to risk sacrificing growth.
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IRB Infra to raise Rs 1,200 crore

IRB Infrastructure Developers is all set to raise further funds to the tune of Rs 1,200 crore through various instruments. - IRB Infra Q2 PAT jumps 80% at Rs 74.31 cr - IRB Infrastructure to raise funds - IRB Infra qualifies to bid for Rs 22k-cr road project - IRB Infra bags Rs 800-cr road project from NHAI - IRB Infra bags MIDC order for airport development - IRB Infra bags NHAI project in Punjab In its extra ordinary general meeting today, the company accorded to the special resolution for raising of funds not exceeding Rs 1,200 crore by further issue of securites in domestic as well as international markets. This will include instruments such as equity shares, warrants with non-convertible debentures under qualified institutions placement (QIP). The fund raising instruments also include foreign currency convertible bonds (FCCBs), ADRs and GDRs. The company also will go for increase in the foreign institutional investors (FIIs) investment limits upto 49 per cent of the paid up capital. The company will also borrow from one or more sources from time to time notwithstanding that the total amount of borrowings may exceed the aggregate of the paid up capital. It also made it clear that at any point of time, the total borrowings should not exceed Rs 1,500 crore. On the Bombay Stock Exchange, the company"s shares were trading at Rs 263.90, up 0.53 per cent at 1135 IST.


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