Officials said that the government may decide within the next ten days on whether they want to extend SK Goel's term for another two years.

"We are working towards launching a regular credit enhancement scheme from April," IIFCL chairman SK Goel said.

IIFCL has closed deals worth Rs 4,000 crore this year, the highest ever in a six-month period since it was first initiated in 2009.

With the new service tax regime coming into effect from July 1, the government expects to collect a revenue of Rs 1.24 trillion this fiscal.

Tax authorities have asked debt-laden Kingfisher Airlines to clear service tax dues of Rs 600 million ($11.84 million) at the earliest.

Central Board of Excise and Customs (CBEC) said it will issue bio-metric cards to custom house agents to check frauds and misuse of service...

IIFCL will set up a $1bn infrastructure debt fund or IDF by Feburay end. The proposed fund will have five sponsors with IIFCL holding 26% s...

The breakthrough came about after Airline’s high-profile promoter Vijay Mallya met CBEC chairman SK Goel and sought resolution of the probl...

IIFCL has sought government clearance to waive off an annual fee banks have to pay on selling such loans.

State-run Indian Infrastructure Finance Company would mop up around Rs 1,200 crore from tax-saving infrastructure bonds to raise resources.

The government has proposed a trillion dollar investment in infrastructure over the twelfth five year plan, beginning 2012. But domestic av...

State-run Uco Bank's follow-on public issue of 60 million equity shares will hit market by April end or early May, its chairman and managin...

Kolkata-based Uco Bank, which is planning to float a non-life general insurance joint venture, has decided to hold not more than 26% in pro...

Uco Bank said it will consider slashing deposit rates by up to a 100 basis points (bps) soon, even as public sector banks are lobbying hard...

CMD Goel expects credit demand to pick up in the fourth quarter of the fiscal after the lull in the third quarter.

UCO Bank plans to raise Rs 500-600 crore through a follow-on public offer (FPO) in December. After the public offer, the government’s share...

UCO Bank shares were Tuesday up 2.28 per cent at Rs 60.60 on plans to merge with a smaller or a similar sized bank by March to attain size