The Adani Group’s power projects, Reliance Gas and Transportation, and Hindalco Industries have had their loans restructured after they blamed the economic slowdown and land acquisition and environment clearance delays. In August 2014, the Reserve Bank of India allowed banks to extend the tenure of loans to 25 years to match the cash flow of infrastructure projects, while refinancing them every five years. Earlier, banks did not lend beyond 12 years for infrastructure ... Rediff.com, 2 weeks ago
Markets ended lower, amid weak global cues, after the rupee slumped to nearly two-year lows in the wake of yuan devaluation while the ongoing protests in the parliament by the opposition raised worries whether the GST Bill would be passed in the monsoon session which ends tomorrow. Meanwhile, traders also turned cautious ahead of release of key macroeconomic parameters, IIP and CPI later on Wednesday. The Sensex fell 354 points or 1.3% to close at 27,512 levels and the Nifty declined 113 ...Rediff.com, 1 month ago
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