GLOBAL DEVELOPMENT FINANCE
BRICS Summit: PM Modi calls for early opening of New Development Bank's regional office in India
"I request that the work of establishing the regional office of the NDB in India should be completed soon. This will give a boost to projects in our priority areas," Modi said as he offered full backing to the multilateral finance institution in promoting global growth.
CDC and Abraaj Group invest $17.5 million in AP-based Rainbow Hospitals chain
Rainbow Hospitals is India’s largest specialized paediatric and...
CDC invests $20 million in AU Financiers
The transaction has been led by Netherlands-based FMO, with GuarantCo, an infrastructure-focused guarantee fund also participating in the round.
Global DFIs investing directly in social ventures for increasing opportunities
Global development finance institutions (DFIs) are looking to raise their exposure in India by investing directly in social ventures to better reap the benefits of the increasing opportunities.
Micro-finance investors now eye NBFCs
Global development finance institutions are exploring opportunities in the NBFC space – a sector promising financial inclusion for India’s poor.
India expresses concern over decline in contributions to UNDP
UNDP as the main development UN Agency has to play a key role in assisting member states in their efforts.
World Bank wants more transparency in India's power subsidy
Mukherjee, however, parried a question on the viability of the almost-free power promise made to the lower-end consumers in Delhi by the new AAP Government.
IFC provides $150 million long-term financing to YES Bank
YES Bank will use the loan to increase its lending to small businesses in India's low-income states, including in the NE India.
International Finance Corp provides $15 million loan to Parag Milk Foods
Parag Milk Foods will expand supply chain linkages across over 50,000 farmers and food suppliers and improve food safety standards.
Proparco in talks to invest $10 million in RenewGen, a renewable energy firm
The investment, which will be in the form of debt, follows the $9 million debt-and-equity investment made by International Finance Corp, the private investment arm of the World Bank, last May.
Debt to forex ratio at 11-year high in September
India's external debt increased by 6.6% between March and September 2011 while short-term debt grew by 10.1% during the same period.
Developing countries' economies to grow 1.2 per cent: WB
The World Bank on Monday estimated economic growth in developing countries of 1.2 percent this year, and said that without China and India, output would shrink 1.6 percent.
Srei Infra billion-dollar fund highlights growing appeal of credit investments
The fund, which will take the mutual fund route, is expected to make investments of about Rs 25 crore ($4.7 million) for periods of up to five years.
India's growth will be slowest in six years: World Bank
The World Bank on Monday forecast India's economy to expand by 5.1% this fiscal. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE I Stocks 52 Week: High, Low
Eco growth may slow down due to policy bottlenecks: World Bank
The economic growth could slow down to 7.8 per cent in 2008 from over 9 per cent currently due to policy bottlenecks resulting in deceleration in investment growth in the country, says a World Bank report.
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