Tata Power JV commissions 178 mw-hydropower project in Georgia
The joint venture company, Adjaristsqali Georgia LLC, is setting up one of the largest projects in Georgia at an overall project cost of approximately $ 500 million. After the 178 mw-Shuakhevi Hydro Power Project, the JV will comission a 9 mw units, namely Skhalta Hydro Power project.
ADB to invest $100 million in NIIF fund of funds
ADB will now join the Government of India (GOI) and Asian Infrastructure Investment Bank (AIIB) as an investor in the Fund, said a press statement on Monday.
Ecommerce, takeaway joints face shortage of packaging material
The packaging supply chain is at a standstill as India has halted imports from China — a major hub for plastics — and as local manufacturers struggle with permissions to operate under a lockdown, various executives told.
Tata's Nelco, Panasonic launch IFC services, Vistara signs up
In September 2019, Nelco has forayed into maritime communication services, after receiving an In-flight and Maritime Communication (IFMC) license. Mumbai-based satellite communication and enterprise services has been currently working with a few India-bound international carriers.
Future Lifestyle Fashions to raise over Rs 600 crore from promoters, IFC
The board approved issuance of 51,44,927 equity shares of face value of Rs 2.
IFC, Korean company to buy minority stakes in PNB Housing Finance
PNB Housing is aiming to raise Rs 1,500-1,600 crore in a share sale by March this year.
Future Retail tweaks growth strategy
"We are challenging any other player to offer a price less than ours. I don’t see the market growing very fast and expansions will be curtailed to focus only on new markets,” CEO Kishore Biyani said. "This growth will be led by technology and credit. We will offer consumption credit through a significant tie-up with Bajaj Finance," he said.
Hong Kong-based SSG trumps Cerberus to bag Altico after revised offer
SSG’s final offer after multiple revisions is an upfront cash payment of Rs 2,700 crore and a one year employment guarantee for the management team. Altico owes about Rs 4,000 crore to State Bank of India, Deutsche Bank, Bank of Baroda, Yes Bank, Union Bank, Mashreq Bank and IFC, besides NBFCs and mutual funds including Aditya Birla Finance, Bajaj Finance and L&T Finance.
IFC eyes 4.5% in Navi Tech for $30 mn
Navi Technologies is in the process of acquiring 100% stake in microfinance company Chaitanya Rural Intermediation Development Services Private Limited, which has a fully owned subsidiary, Chaitanya India Fin Credit Private Limited, which has made an application to the central bank for a universal banking licence.
Vistara to soon offer inflight calling, internet services
Tata group company Nelco announced it has partnered with Panasonic Avionics Corporation to offer in-flight communication (IFC) services.
IFC to invest USD 200 million in Mahindra Finance
"IFC (International Finance Corporation) has invested USD 75 million from its own account and is mobilising another USD 125 million as parallel loans," it said.
To break boys club in Indian PE, women join hands
Just 17.9% of private equity employees worldwide are women. This, a Preqin report on Women in Private Equity says, is the lowest figure of any asset class and is unchanged since 2017.
It’s SSG vs Cerberus as Altico takeover reaches last lap
SSG’s final offer after multiple revisions is an upfront cash payment of Rs 2,700 crore and a oneyear employment guarantee for the management team. Cerberus has offered Rs 2,600 crore in immediate cash payments and Rs 450 crore in security receipts, a kind of debt instrument backed by financial assets, to be paid when able.
Why the world needs more female fund managers
AWE Funds founder says women investors invest in a higher number of women impacting businesses.
CX Partners, IFC, ADB may buy 80% in Indian School Finance
Private equity firm CX Partners, the ADB and the World Bank arm IFC are in the process of acquiring about 80% of Indian School Finance Co Pvt Ltd (ISFC), one of the leading non-banking financial companies in the education sector.
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