Banking & Finance

MACE report: 414 projects suffers cost overruns India will be spending US$500 billion a year to accommodate its rapidly expanding population by 2030, according to a data in ‘A Blueprint for Modern Infrastructure Delivery’ report authored by international construction and...

Acquisition of patented Italian technology Sterlite Technologies Ltd (STL) (NSE: STLTECH), an industry leading integrator of digital networks, has signed a definitive agreement to acquire Optotec S.p.A, a leading Optical Interconnect Products Company based in Italy, for Euro29 million. The...

IREDA has financed more than 2,700 projects Leading renewable energy lender, the Indian Renewable Energy Development Agency Ltd (IREDA) has signed a Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) setting key targets for the...

Corp bonds spread at pre-COVID-19 level Fresh bond issuances are expected to rise to Rs.8.0-8.2 trillion during this fiscal, up from Rs.6.55 trillion during FY2020, estimates ICRA Ratings. With estimated redemption of Rs.4.95 trillion in FY2021, the volume of corporate...

KKR’s Asia Pacific infrastructure strategy focus on renewables Global investment firm KKR said its Mumbai-headquartered Virescent Infrastructure aims to expand its diversified portfolio of operational renewable energy assets, facilitated by investments predominantly made through KKR’s infrastructure fund in India. The...

India’s top 500 organizations will have a multi-cloud management strategy, says IDC report Enterprises can now accelerate their digital transformations through faster access to the latest AppDynamics innovations and industry-leading AIOps solutions which are built on the Amazon Web Services...

Govt accepts IFSCA recommendations For the first time in India, a single regulator will be regulating both the bullion spot and derivative contracts that would be traded on an exchange at the Gujarat International Finance Tec-City's International Financial Services Centre...

Seamless account opening from any device CRMNEXT has announced integration with IDfy, one of Asia’s leading Video Banking solutions, to provide video banking, fraud detection and digital KYC solutions to enable banks with zero-touch account opening, onboarding and servicing. “Customers...

A circular economy model will provide more jobs AIM (Atal Innovation Mission) is to hold the India–Australia Circular Economy Hackathon (I-ACE) with Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) on 7-8 Dec 2020. Conceived during a virtual summit on...

PM wants affordable and reliable access to energy India is set for a US$200 billion investment in the energy sector which will be growth-centric, investor-friendly and environment conscious, Prime Minister Narendra Modi told the Fifth India Energy Forum on 26...