Tag: IRFC

Budget raises India’s capital market ambitions

The Indian government has unveiled its most ambitious target for public share sales so far, looking to capitalise on the robust domestic capital markets to cut its annual deficit. In last week’s federal budget, Finance Minister Arun Jaitley set a 725 billion rupees ($10.76 billion) target f…

IRCTC, IRCON, IRFC to be listed on bourses: Arun Jaitley

New Delhi: The government will move ahead with the listing of Railway PSUs — IRCTC, IRCON and IRFC — and come out with a procedure for a time-bound listing of CPSEs. In his Budget speech on February 1, Finance Minister Arun Jaitley said the government will look at consolidation option for PSUs an…