Issue of 2nd Tranche of Long Term Infrastructure Bonds by IDFC (Infrastructure Development Finance Company Limited)

The 2nd Tranche of Long term infrastructure bonds is being issued by Infrastructure Development Finance Company Limited (IDFC) from 11.1.2012 and will close on 25.2.2012.

Issue size is Rs.4,400 crores with an option to retain oversubscription upto Rs.6,900/- crores.

• Tenure of the bonds is 10 years with lock-in of 5 years.
• Interest @ 8.70% with buyback option after 5 years.
• Frequency of Interest is Annual and Cumulative.
• Minimum investment of Rs.10,000/- and in multiples of Rs.5000/-, No maximum limit, but tax benefit limited to Rs.20,000/-.
• (ICRA) AAA” from ICRA and “Fitch AAA (ind) from Fitch -  indicating Highest Safety.
• Tax benefit under Sec. 80CCF for amount upto Rs.20,000/- only.
• Bonds available in Physical as well as Demat form.  
• No TDS on interest if applied in Demat form.

For further details:
http://www.idfc.com/infrastructure_bond/infrastructure-bonds.htm

Tata Motors introduces Tata Pixel at the Delhi Auto Expo

Tata Motors Pixel : Home

Tata Pixel is a new city car concept introduced by Tata at the Delhi Auto Expo with 'zero turn' drive. It has a diamond shaped door system and is the most package efficient four seater in the world accommodating four adults comfortably. Fuel economy of 3.4 litres per 100 kms with lower CO2 emission.