Banking & Finance

India has a golden opportunity to cement recent economic gains by becoming more integrated in global value chains, says the Asian Development Bank which puts the country’s economic growth at 7.2% for current fiscal year.

Self-redevelopment of old, dilapidated housing projects in cities like Mumbai is a much-talked-about new phenomenon and is rapidly catching on because it is, in many cases, a practically possible proposition.

Foreign investors are convinced of a certainty on return on investments from the Indian real estate which is also winning the confidence of banks following over 80% consolidation from the shakeup of positive but disruptive policies.

The government is exploring and encouraging the investments through the public private partnership (PPP) model in order to develop training and high-performance centres across the country and to build modern sporting infrastructure suitable for the future.

WNS (Holdings) Limited will establish a centralized Managed Services Center in India to transform the Yorkshire Building Society Group’s (YBS) customer processes and drive customer experience.

Hyatt Hotels Corporation plans to add 2,100 guestrooms through 14 new properties in India over the next 24 months.

GMR Hyderabad International Airport Ltd (GHIAL; BB+/Stable/--) has planned capital spending of Rs.60 billion over the next three years from proposed the US$350 million senior secured notes.

A consortium of Tata Group, an affiliate of Singapore`s sovereign wealth fund GIC, and SSG Capital Management will invest Rs.80 billion rupees in GMR Airports Ltd, the operator of airport in New Delhi.

India and the United States have signed an Inter-Governmental Agreement for exchange of Country by Country (CbC) reports filed by Multinational Enterprises (MNEs) in each other’s jurisdictions for taxes.

S&P Global Ratings has assigned its 'BBB-' long-term foreign currency issue rating to Indian Railway Finance Corp's (IRFC; BBB-/Stable/--) proposed US$500 million notes due 2024.