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1.Good Tidings

Despite hardening interest rates, the prospects for equipment financiers are still looking up, finds Charubahri. As chain reactions go, this is a predictable and happy one

2.Srei BNP Paribas inks $ 50 mn loan deal with DBS

Srei BNP Paribas, an infrastructure and construction equipment financier has signed a $50 mn loan agreement with DBS Bank Ltd., Singapore.

3.bC India 2011: On Quote

With the Indian GDP expected to grow at 10 per cent in the near future, it is imperative that the infrastructure industry grows at 12 to 13 per cent. In such challenging times, bC India will offer the perfect platform, displaying advancement and development in the construction and building machinery industry.

4.Srei Equipment Finance attracts investments worth Rs 200 crore

The 50:50 JV partners " Srei Infrastructure Finance and BNP Paribas " plan to invest Rs 100 crore each to expand Srei Equipment Finance. This will increase the networth of Srei Equipment to Rs 1,667 crore. The equipment finance business, which grew by close to 50 per cent last year, is likely to grow by 25 per cent this year.

5.Srei Equipment Finance secures Rs 200 cr equity

In their 50:50 JV company, Srei Equipment Finance, Srei Infrastructure Finance and BNP Paribas have invested close to Rs 200 crore worth of equity. The equity infusion will take the net worth of Srei Equipment Finance to over Rs 1,660 crore.

6.We have witnessed growth of more than 30 per cent

Srei BNP Paribas is amongst the largest NBFCs in India, with sectoral focus on infrastructure. Highlighting issues within this sector, DK Vyas, Chief Executive Director, Srei BNP Paribas also talks on the company's equipment finance division in conversation with Shriyal Sethumadhavan.

7.Barjeel Geojit takes up real estate brokerage services

Barjeel Geojit Securities (BGS), a joint venture between UAE-based Sheikh Sultan bin Saud Al Qassemi and India-based Geojit BNP Paribas Financial Services is all set to launch a real estate brokerage firm, an official said. This new entity will facilitate clients to buy and sell properties in the UAE and India, Sheikh Sultan bin Saud Al Qassemi, Chairman of BGS said on April 22.

8.SIFL has Rs 15,000 crore in assets

A pioneer in many ways, Srei Infrastructure Finance Ltd (SIFL) is among the first Indian NBFCs to access the international market for funds and the first Indian infrastructure NBFC to be listed on the London Stock Exchange.

9.Equipped for growth

Over the past 10 years, construction has been contributing to India's GDP in a big way. From a 5.8 per cent, today it contributes to 7.3 per cent of the total GDP. The investment multiple is set to grow on an average by 2.5 times across the infrastructure spectrum.

10.Srei BNP Paribas raises 25 basis points

Srei BNP Paribas, which specialises in infrastructure and construction equipment financing, has announced a hike in its benchmark rate by 25 basis points, from 17.75 per cent to 18 per cent. The Company's Asset Liability Management Committee took this decision after reviewing the cost of borrowing. This has been necessitated because of the continuing increase in borrowing cost due to market and regulatory factors.