Read more about Financials shares ease on Business Standard. Financials stocks were trading with losses, with the S&P BSE Finance index falling 106.67 points or 1.37% at 7685.04 at 13:48 IST.
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PTC India Financial Services Ltd receives awards
Posted On: 2021-02-19 00:53:37 (Time Zone: Arizona, USA)
PTC India Financial Services Limited (PFS) has announced that in 19 Global Edition and 4% India Edition of World Leadership Congress - Business Leader of the Year Awards held on 17% February 2021 in Mumbai, PFS received honors in Financial Services for the following categories:
- Business of the Year Award
- CEO of the Year Award to our MD & CEO, Dr. Pawan Singh
PFS trust that above accolade from an esteemed group of jury underlines the growth of PFS and its focused impact in financing green sustainable infrastructure projects including renewable power generation, power transmission, road HAM / annuity projects, E-mobility projects and other economic strategy sectors has been acknowledged among promising companies of the industry / country.
Financials stocks were trading in green, with the S&P BSE Finance index increasing 135.65 points or 1.76% at 7852.14 at 09:48 IST. Among the components of the S&P BSE Finance index, State Bank of India (up 13.32%), PNB Gilts Ltd (up 11.48%),Indian Bank (up 9.73%),Bank of India (up 7.06%),Central Bank of India (up 6.18%), were the top gainers. Among the other gainers were Karnataka Bank Ltd (up 5.08%), Bank of Baroda (up 4.81%), Equitas Holdings Ltd (up 4.72%), IFCI Ltd (up 4.12%), and UCO Bank (up 4.1%). On the other hand, PTC India Financial Services Ltd (down 7.52%), Reliance Capital Ltd (down 5.32%), and Dewan Housing Finance Corporation Ltd (down 4.93%) turned lower.
Go beyond setting up a development finance institution
Photo: Reuters
Ashok Haldia
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The National Infrastructure Pipeline (NIP), which drew up a road map for investment of ₹102 trillion covering 6,835 projects (now increased to 7,400) over 2020-2025 , was considered over-ambitious from the start and has largely been a non-starter. India’s private sector has lacked both the resources to support the NIP and willingness to assume the imponderable risks involved. The government was unable to put in sufficient funds, and the economic stress caused by the covid pandemic worsened the scenario. Private participation has been in decline, despite several measures taken by the Centre in recent years to promote it, from inviting foreign investment and streamlining regulations to introducing innovative finance mechanisms like infrastructure investment trusts (InvITs), debt funds (IDFs) and our National Investment and Infrastructure Fund (NIIF).