Coronavirus outbreak: World Bank announces up to $12 billion in immediate funds for countries grappling with health, economic fallout
The coronavirus outbreak that has spread quickly from China to some 80 countries
Exclusive: Chiratae Ventures on the verge of closing $275 million fund, ropes in IFC
Chiratae is the new avatar of IDG Ventures, which has carved out space for itself in early-stage investing in startups.
From improving yield to generating steady income, technology is changing the game for small farmers in UP and Jharkhand
In India, 80 percent of farmers are smallholders who farm on less than two hectares of land and the use of technology to increase the yield is beyond their means
Indian-origin diplomat Anita Bhatia appointed as Deputy Exec Director for UN-Women
Bhatia previously served as Director of Global Partnerships for the World Bank Group's private sector arm, the IFC.
Manappuram Finance gets Rs 695 crore funding from NABARD; funds to be used for lending to MSMEs
Manappuram Finance will deploy the funds for onward lending to micro, small and medium enterprises (MSME) and microfinance sector under priority sector lending
International Finance Corporation moves insolvency plea against infrastructure firm Punj Lloyd at NCLT
IFC is seeking recovery of $30 million defaulted by Punj Lloyd.
US Supreme Court to hear Gujarat villagers' appeal against power plant funded by Washington-based IFC
The US Supreme Court has agreed to take up an appeal by Indian villagers against a power plant in Gujarat, funded by US-based International Finance Corporation (IFC), which has allegedly resulted in environmental damages.
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.
International Finance Corp invests $10 mn in Power2SME, to advise startup on expansion
Since 1956, IFC has invested in over 400 companies in India, providing $17 billion in financing to the private sector.
International Finance Corporation to invest $1 bn in India for green buildings
IFC, a member of World Bank, has planned an investment of around $5-6 billion for the next five years in India
Bandhan Bank is born: Chandra Shekhar Ghosh's incredible journey from a sweet shop to owning a bank
Bandhan Bank, India's latest private lender, will be officially launched in Kolkata on 23 August.
World Bank to probe IFC's role in Vizhinjam port on green concerns
The "compliance investigation" would be to ascertain whether IFC breached environmental and social (E&S) assessment related norms while giving advisory services for the project.
IFC to raise $2.5 bn through rupee bonds: How it will boost Indian infra sector
IFC will use a combination of rupee-denominated bonds and swaps to raise local-currency financing of up to Rs 15,000 crore over the next five years
World Bank Group commits $18 bn loan to India in three years
India is the largest client for the World Bank Group. India received $5.2 billion loan last fiscal. In the past three years, India had received about $9.8 billion loan from the Workd Bank Group.
Educomp gets funds to pays off FCCBs; shares up 3%
ducomp Solutions today said it has paid off its foreign currency convertible bonds worth $110.75 million, including a redemption premium of $32.25 million, after it received $155 million from four investors, including the promoter group.