Banking & Finance

The World Bank has signed a loan agreement of US$88 million to help modernize Assam’s passenger ferry sector that runs on its rivers including the mighty Brahmaputra.

The Indian exports is passing through a very tough and challenging times, said FIEO President Sharad Kumar Saraf, adding that global players including China was also losing its sheen in exports.

S&P Global Ratings has assigned its 'BB-' long-term issue rating to ReNew Power Pte Ltd's (RPL; BB-/Stable/--) proposed US$400 million senior secured notes for repayment of existing debts.

Players in the Indian microfinance sector would need external capital of Rs.3,900-5,300 crore during over the next three years, according to ICRA estimates.

The PHD Chamber of Commerce and Industry will work with Power2SME to plan various communications and marketing initiatives for specific solutions, and offerings that may bring value to the member companies in the Micro, Small and Medium Enterprises (MSMEs) sector.

Sectors like Tourism, Urban Development, Infrastructure and Agri based Industry have a great potential to taking forward the Indian economy and create jobs, Prime Minister Narendra Modi told various senior Economists, Private Equity/Venture Capitalists and Business Leaders.

The State Bank of India’s (SBI) latest and highly differentiated home loan scheme is an extremely good move and positive for the residential real estate sector as a whole.

Adani Ports and Special Economic Zone Limited (APSEZ) plans to enhance cargo volume to 100 MMT in around 7 years at Krishnapatnam Port Company Ltd (KPCL) in which it is acquiring 75% controlling stake for Rs.13,500 crore.

Adani Ports and Special Economic Zone Ltd (APSEZ) is expected to maintain its ratio of funds from operations to debt at more than 15% following its acquisition of 75% of Krishnapatnam Port Co Ltd for an enterprise valuation of Rs.135...

A lot of Fintech work still needs to be done in the banking, financial services and insurance (BFSI) sector although India is the world's second largest hub for this technology.