Ifc

Showing of 1 - 20 from 34 results
Ifc - Total results - 34
World Bank Group arm IFC to invest $75 mn in Mahindra Financial Services MSME fund
Business

World Bank Group arm IFC to invest $75 mn in Mahindra Financial Services MSME fund

The IFC has invested $75 million from its own account and is mobilising another $125 million as parallel loans, a statement said

Byju's turns profitable for first time, reports total revenue of Rs 1,430 crore in FY19; gears up for US market entry
Business

Byju's turns profitable for first time, reports total revenue of Rs 1,430 crore in FY19; gears up for US market entry

Byju's said the growth in revenue was fuelled by deeper penetration across India and significant growth in the number of paid subscribers

World Bank arm IFC extends $35 mn 3-year loan to Manappuram Finance; first investment in gold loan finance company
Business

World Bank arm IFC extends $35 mn 3-year loan to Manappuram Finance; first investment in gold loan finance company

IFC said the investment in the gold-loan sector comes at a time when the sector is becoming more formal

Narendra Modi to meet heads of global wealth funds at Vibrant Gujarat summit; to woo investors for infra projects
Business

Narendra Modi to meet heads of global wealth funds at Vibrant Gujarat summit; to woo investors for infra projects

Narendra Modi will have a round table with heads of some global sovereign wealth funds, pension funds and institutional investors on the inaugural day of the three-day summit on 18 January, said additional chief secretary at the finance department Arvind Agarwal

BYJU'S to close $400 million funding round led by Naspers, company to be valued at about $3.6 billion
Business

BYJU'S to close $400 million funding round led by Naspers, company to be valued at about $3.6 billion

In June this year, BYJU'S had said it has crossed Rs 100 crore in monthly revenue and had revised its revenue targets for this year to Rs 1,400 crore.

South African Life Healthcare Group to exit Max Healthcare for Rs 2,120 cr; to focus on operations in SA
Business

South African Life Healthcare Group to exit Max Healthcare for Rs 2,120 cr; to focus on operations in SA

Life Healthcare Group Holdings is equal joint venture partner in Max Healthcare Institute Limited along with Max India.

Telecom Commission approves in-flight connectivity for both voice and data calls in Indian airspace
News & Analysis

Telecom Commission approves in-flight connectivity for both voice and data calls in Indian airspace

When TRAI had first introduced the recommendations, DoT asked them to add provisions related to the kind of in-flight Wi-Fi service that would be provided.

Air India privatisation: 18,000 employees cannot hold nation to ransom; sale to set tone for other PSU divestment plans
Business

Air India privatisation: 18,000 employees cannot hold nation to ransom; sale to set tone for other PSU divestment plans

If the 18,049 Air India employees are allowed to hold the country to ransom, then so will the employees of other loss-making government-owned firms.

TRAI to announce in-flight connectivity recommendations by the end of December
News & Analysis

TRAI to announce in-flight connectivity recommendations by the end of December

Recommendations on in-flight connectivity to come out by year end or next 15 days," TRAI Chairman R.S. Sharma told reporters on Wednesday

Paytm may pick up stake in online grocery retailer BigBasket for $200 mn
Business

Paytm may pick up stake in online grocery retailer BigBasket for $200 mn

The due diligence is on and the deal could be finalised in the next few weeks, sources privy to the development said.

Higher budgetary allocation to railways, roads, ports can kickstart the ailing investment cycle
Business

Higher budgetary allocation to railways, roads, ports can kickstart the ailing investment cycle

Infra sector expects some more innovative project models like the Hybrid Annuity Model (HAM) which was taken up in roads sector which can result in better risk sharing and attract participation

Need to re-capitalise World Bank to eliminate poverty by 2030, says Arun Jaitley
Business

Need to re-capitalise World Bank to eliminate poverty by 2030, says Arun Jaitley

The meeting focused on the 'Forward Look' exercise carried out by the World Bank and discussion on the Dynamic Formula of Shareholding of member countries in the International Bank for Reconstruction and Development (IBRD), a member institution of the Bank.

Govt says Rs 500 cr Credit Enhancement Fund may be operational by Dec
Business

Govt says Rs 500 cr Credit Enhancement Fund may be operational by Dec

The government is considering roping in 2-3 banks, including SBI and PNB for the fund

ADB, IFC in talks with IDBI Bank for Rs 3,771-cr QIP
Business

ADB, IFC in talks with IDBI Bank for Rs 3,771-cr QIP

Last month, IDBI Bank Managing Director Kishor Kharat had said he had met 56 foreign players and 22 domestic investors for QIP and the process should complete by the end of the current fiscal

World Bank pledges $1 bn support for India's solar power projects
Business

World Bank pledges $1 bn support for India's solar power projects

The central government and the Bank have also signed an agreement for the $625 million Grid Connected Rooftop Solar Programme

Equitas plans to launch IPO next month, may raise Rs 2,000 cr
Business

Equitas plans to launch IPO next month, may raise Rs 2,000 cr

Equitas Holdings, which has got a licence for small finance bank, is expected to hit the capital markets in the first half of April to raise an estimated Rs 2,000 crore through an initial public offering (IPO).

IFC issues new masala bonds under its $3 bn Global Rupee Bond Programme
Business

IFC issues new masala bonds under its $3 bn Global Rupee Bond Programme

Masala bonds widen the range of investment opportunities for money managers.

Healthcare services startup Portea raises $37.5 mn in Series B funding
Business

Healthcare services startup Portea raises $37.5 mn in Series B funding

Portea had previously received $9 million Series A funding from Accel, Qualcomm Ventures and Ventureast in December 2013