Banking & Finance

Post COVID-19 economic shocks to manifest differently in heterogeneity India The World Bank has signed a US$400 million project to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic. This...

NDB’s timely assistance for combatting the economic disruptions New Development Bank’s (NDB) US$1 billion loan, signed on 16 Dec 2020, will support expenditures on rural infrastructure related to natural resource management (NRM) and rural employment generation under the Indian Government’s...

Transport projects exposed to maximum COVID-19 risks A total of 1,824 Public-Private Partnership (PPP) projects worth US$327 billion are in different stages of implementation in India as of March 2020, according to a report added to ResearchAndMarkets.com's offering. “Out of...

WayCool Foods targets 70% digital and mechanical automation Innoven Capital, Asia's leading venture lender operating out of Mumbai, Gurgaon, Bengaluru, Singapore and Beijing, has participated in the US$7.8 million debt raised by India's largest Agri supply chain startup WayCool Foods....

Industry estimates $1.6 bn investment in real estate The Competition Commission of India (CCI) approves the acquisition of certain assets of the Prestige Group by affiliates of Blackstone Group Inc, a global investor. The principal activity of the Acquirers viz...

Tata Steel enjoys soft coking coal prices Tata Steel is expecting significant progress in the next six to nine months on discussions with Sweden-based SSAB AB to potentially sell its Netherlands steel business Ijmuiden, said S&P Global Ratings on 8...

Lenders face increasing delinquencies The performance of non-banks needs to be observed closely, given its close economic linkages, according to A M Karthik, Vice President and Sector-Head Financial Sector Ratings of ICRA Ltd. “With the pandemic affected operating environment yet...

PM wants stakeholders to work together for a timely roll-out of 5G Prime Minister Narendra Modi has called on the industry to think of a better way of handling electronic waste and create a circular economy and consider forming a...

Deadline: five years for Agra Metro completion Efforts are on to attract multi-billion-dollar investments from all over the world to improve India’s infrastructure, said Prime Minister Narendra Modi at the inauguration of construction work on 29.4-km Agra Metro. Speaking on...

Reliance borrows $1bn for refinancing ECB India’s corporate sector borrowed US$2.03 billion in October 2020, down 41% from US$3.41 billion a year ago, according to data from the Reserve Bank of India (RBI). Reliance Industries Ltd led in borrowing with...