Investment

The Asian Development Bank (ADB) has signed a US$250 million loan for Energy Efficiency Services Limited (EESL) to expand energy efficiency investments in India that will benefit agricultural, residential and institutional consumers.

The government is in the process of adopting new and smart technologies which will help in making the 30-km per day road construction target more ambitious, said Gen (Retd) V K Singh, Minister of State for Road Transport & Highways.

As one of the leading importers of defense equipment and facing war threats from China and Pakistan on its borders, India’s defence expenditure is projected to increase to US$104 billion in 2024 from US$68.4 billion in 2020.

Tech Data has entered into an agreement to acquire the business of Bengalore-headquartered Inflow Technologies, a leading value-added distributor with expertise in areas like cybersecurity and networking.

Noting that India plays a vital role in curbing global emissions, Bank of America is providing a local currency revolving credit facility to Fourth Partner Energy, one of the country’s largest distributed solar companies in India.

The Indian Railways plans to attract more private investment, encouraging project-specific subsidiaries (in form of SPVs) with equity from public sector undertakings (PSUs) and the private sector.

The economic growth slowdown in India has started hitting hard the corporate world such as Shriram Transport Finance Co Ltd (STFC), the largest financier of vehicles which had its rating downgraded.

Keppel Land Limited is taking Singapore’s international brand to Mumbai’s Urbania integrated township through a joint venture with India’s Rustomjee Group to build homes and retail units.

The representatives of Digital Economy, Fintech and Start-ups have called for incentives during their pre-budget meeting with Minister of Finance and Corporate Affairs Nirmala Sitharaman in Delhi on 16 Dec 2019.

More than 12 public and private financial institutions and the Government together have achieved the first close at Rs.10,530 crores, the first fund of its 6 Nov 2019 capital for helping stalled housing projects.