tax-free bonds

REC plans to garner Rs 700 cr via tax-free bonds

State-owned Rural Electrification Corp (REC) plans to raise up to Rs 700 crore through issue of tax-free bonds this fiscal to meet various funding needs.

Oct 18, 2015, 18:59 PM IST

NHPC plans to raise up to Rs 3,975 cr from domestic market

State-owned NHPC is planning to raise up to Rs 3,975 crore from the domestic market through loans and tax-free bonds.

May 26, 2015, 17:04 PM IST

Tax-free bonds can have higher returns than bank rates

Tax-free bonds can provide returns that are higher than the prevailing interest rates offered by banks.

Apr 10, 2015, 19:21 PM IST

FinMin nod for tax-free bonds by Railways, highways

Finance Minister Arun Jaitley Wednesday said the proposal to allow railways and highways to issue tax-free bonds has been cleared, and the government is committed to pushing the land acquisition bill to promote growth and generate jobs.

Apr 08, 2015, 22:37 PM IST

Railways can contribute 2 percent to GDP: Suresh Prabhu

The railways can contribute up to two percent to the gross domestic product (GDP), Railway Minister Suresh Prabhu said on Sunday adding that he has asked the railway board to identify key issues and focus areas towards this end.

Mar 01, 2015, 20:51 PM IST

Sonia Gandhi loses tax-free railway bonds worth Rs 10 lakh

Amid the hustle-bustle of Lok Sabha polls, Congress chief Sonia Gandhi has disclosed loss of tax-free bonds worth Rs 10 lakh purchased from the Indian Railway Finance Corp.

Apr 24, 2014, 15:36 PM IST

HUDCO raises Rs 279 cr via tax-free bonds

The Finance Ministry had allowed HUDCO to raise Rs 5,000 crore through bonds in the current financial year.

Mar 16, 2014, 16:00 PM IST

'Infra investment down from FY11; govt taking steps to boost it'

The investment was at Rs 5.76 lakh crore in 2012-13 (provisional) and Rs 5.60 lakh crore in 2011-12, down from Rs 6.45 lakh crore in 2010-11.

Feb 19, 2014, 21:24 PM IST

IRFC' public issue to raise Rs 8,663 cr to begin on Jan 6

Indian Railway Finance Corp (IRFC) will hit the market on January 6 to raise more than Rs 8,660 crore through tax-free bonds.

Dec 25, 2013, 16:09 PM IST

RBI permits firms to issue tax-free bonds to overseas resident

Reserve Bank on Tuesday allowed Indian entities to issue tax-free bonds to overseas resident for investment in infrastructure sector.

Dec 24, 2013, 22:20 PM IST

HUDCO raises Rs 2,010 cr via tax-free bonds issue so far

The issue, which was launched on December 2 and closes on January 10, has been subscribed over four times from the basic size of Rs 500 crore and 82 percent of the total shelf-limit of Rs 2,439 crore.

Dec 16, 2013, 18:35 PM IST

HUDCO plans to raise Rs 2,439 crore via tax-free bonds

State-owned Housing and Urban Development Corporation (HUDCO) plans to raise Rs 2,439 crore from an issue of tax-free bonds starting on December 2, its second tranche of such securities in this financial year.

Nov 28, 2013, 16:14 PM IST

NHPC's Rs 1,000 cr tax-free bonds issue to open on Oct 18

State-owned power producer NHPC's first ever tax-free bonds issue worth Rs 1,000 crore will be open for subscription on October 18.

Oct 14, 2013, 16:50 PM IST

HUDCO bonds issue oversubscribed; gets bid for Rs 1,076 cr so far

The bond issue hit the market on September 17 and would close on October 14. The issue size is Rs 750 crore with an option to retain over-subscription upto Rs 4,809.20 crore.

Sep 20, 2013, 18:15 PM IST

IIFCL seeks Sebi nod to mop up Rs 8,171 cr via tax-free bonds

State-owned India Infrastructure Finance Company Ltd (IIFCL) has sought market regulator Sebi's approval to raise up to Rs 8,171 crore through tax-free bonds.

Sep 11, 2013, 15:06 PM IST

Govt allows 13 cos to raise Rs 48,000 cr via tax-free bonds

The government has allowed 13 institutions, including NTPC, NHB and HUDCO, to raise Rs 48,000 crore through issue of tax free bonds to boost long term infrastructure finance.

Aug 13, 2013, 14:05 PM IST

Three firms eye Rs 12,000 cr through tax-free bonds

Three state-run companies, Indian Railway Finance Corp, Rural Electrification Corp and India Infrastructure Finance Company, will hit the capital market tomorrow to collectively raise up to Rs 12,344 crore through sale of tax-free bonds.

Feb 24, 2013, 11:55 AM IST

HUDCO to raise up to Rs 2,805 crore through tax-free bonds

State-owned Housing and Urban Development Corporation (HUDCO) on Wednesday said it is targeting to raise up to Rs 2,805 crore through the second tranche of its public issue of tax-free bonds.

Feb 20, 2013, 21:04 PM IST

Indian Railway Fin Corp to raise Rs 8,886cr via tax-free bonds

The issue of tax free, secured, redeemable, non-convertible bonds with a face value of Rs 1,000 will close on January 29, the company said in a statement.

Jan 15, 2013, 19:52 PM IST

Allow us to issue tax-free bonds: Bankers to govt

Bankers have demanded that commercial banks in the country should be allowed to issue tax-free infrastructure bonds and the lock-in period for tax saving deposits brought down to three years from five.

Jan 08, 2013, 10:36 AM IST