Banking & Finance

Rail network expands in overcrowded MMR The Asian Infrastructure Investment Bank (AIIB) is providing a US$500 million loan for the Mumbai Urban Transport Project-III to improve the network capacity, service quality and safety of the suburban railway system in the...

Nijjar sees weakening in debt repayment The Covid-19-induced loss of income is likely to impact the asset quality of Housing Finance Corporations (HFCs) across the retail and wholesale segments. “Within the housing, the asset quality in the affordable and self-employed...

RRTS to use advanced signaling systems The Asian Development Bank (ADB) has approved a US$1 billion loan to support the construction of the US$3.94 billion modern, high-speed Delhi–Meerut Regional Rapid Transit System, a first of its kind in India and...

Element AI to develop strategic insurance roadmap With a single-minded focus of delivering seamless and superior customer experience, Indian-Japanese origin Edelweiss Tokio Life Insurance is developing a strategic intelligence-powered (AI) roadmap for the new-age insurer and prioritise investments. For the...

Mission to meet unfulfilled demand India’s largest cloud-based business registration and compliance services platform IndiaFilings.com has pledged to help over 10,000 startups register their business under the ‘Aatmanirbhar Bharat’ mission to put the country on the road to self-reliance. “With...

OFB corporatization for global markets Defence Minister Rajnath Singh has told the defence industry to drop outdated practices and adopt modern management techniques if it wants to compete globally. “If government-owned defence industries are to compete at national and international...

Multani sees US-India global partnerships US companies have an optimistic approach towards investment in India and are looking at the potential of the Indian economy as an “Engine for Growth Post-Pandemic Era”. This was stated by Dr. T.V. Nagendra Prasad,...

Payswiff wins the first VIE challenge in India. India is the hotbed of payment innovation and are going to further push the envelope in inventive payments, said TR Ramachandran, Group Country Manager for India & South Asia, Visa. “While VEI...

American technology to support new credit card Brookfield’s Fiserv Inc (NASDAQ: FISV) is working on the digitization of the Federal Bank’s end-to-end card issuance and processing cycle, and support the launch of new credit card in India. Announcing the selection,...

Credit for improving the quality of power supply The Indian Government has extended US$250 million Line of Credit for Improving the Quality of Power Supply in Mozambique. A Line of Credit Agreement was exchanged on 3 August 2020 between Saroj...