User: ifinews Topic: IFIs
Category: ECAs :: Other ECAs
Last updated: Oct 23 2018 19:18 IST RSS 2.0
 
1 to 20 of 3,964    
OPIC commits USD 125 mn to help medium-sized companies in India 23.10.2018 Sify Finance
The United States government's development finance institution, Overseas Private Investment Corporation (OPIC), on Monday signed a USD 125 million commitment with Greater
Also found in: [+]
OPIC keen to invest in India's infra, port, solar sector development 10.10.2018 Sify Finance
David Bohigian, Vice President for a US investment agency said US is keen to invest in infra, port, and solar sectors.
Also found in: [+]
Minister of State for Commerce attends India–West Africa conclave in Nigeria 9.10.2018 Govt of india: PIB
  Niger has appreciated India’s support to build Mahatma Gandhi International Convention Centre in Niamey           Minister of State for Commerce & Industry, Consumer Affairs and Food & Public Distribution, C. R. Chaudhary, is leading the Indian delegation to the Confederation of Indian Industry (CII)- EXIM Bank, Regional Conclave on India-West Africa Project Partnership being held in Abuja, Nigeria on 8th – 9th October 2018.
Also found in: [+]
Good law and order situation at border areas necessary to boost trade & commerce: P Vaiphei 9.10.2018 Manipur: E-Pao
Good law and order situation at border areas necessary to boost trade & commerce: P Vaiphei
Also found in: [+]
India’s merchandise exports to grow at 12.3 pc in Q2: Exim Bank 12.9.2018 Central Chronicle
New Delhi, India’s merchandise exports would grow at a rate of 12.3 per cent during July-September 2018, compared to the corresponding period of the previous year, the Exim Bank forecast on Wednesday. The non-oil exports of the country would increase at 12.4 per cent during the second quarter of the current financial year, the Export-Import Bank […]
Also found in: [+]
Cabinet approves MoU on Collaborative Research on Distributed Ledger and Block Chain Technology in the context of Development of digital economy by Exim Bank under BRICS Interbank Cooperation Mechanism 12.9.2018 Govt of india: PIB
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the Memorandum of Understanding (MoU) on Collaborative Research on Distributed Ledger and Block chain Technology in the context of Development of digital economy by Export-Import Bank of India (Exim Bank) with the participating member banks, under the BRICS Interbank Cooperation Mechanism namely Banco Nacional de DesenvolvimentoEconomico e Social (BNDES, of Brazil), China Development Bank (CDB), State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank, of Russia) and Development Bank of Southern Africa (DBSA).
Also found in: [+]
FinMin junks Air India's fund-infusion proposal 22.8.2018 Rediff: Business
Airline told to transfer non-core assets, subsidiaries to special purpose vehicle
Also found in: [+]
Union Cabinet approves extension of CFS for infrastructure projects abroad 2.8.2018 Sify Finance
[India], Aug 2 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the first extension of Concessional Financing Scheme (CFS) to support Indian Entities bidding
Also found in: [+]
Cabinet approves Extension of Concessional Financing Scheme (CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad 1.8.2018 Govt of india: PIB
          The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the first extension of Concessional Financing Scheme(CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad.
Also found in: [+]
India, Rwanda sign pacts; New Delhi extends $200 million credit lines 24.7.2018 Central Chronicle
Kigali (Rawanda), India and Rwanda signed eight agreements on Monday late evening under which New Delhi will be extending $200 million lines of credit to Rwanda. Following delegation-level talks between Prime Minister Narendra Modi and Rwandan President Paul Kagame, the Indian side extended two Lines of Credit of 100 million US dollars each – one for […]
Also found in: [+]
Liberty House of UK bags Adhunik Metaliks in NCLT 18.7.2018 DNA: Top News
Liberty House of UK, owned by NRI Sanjeev Gupta, has received final approval of the National Company Law Tribunal (NCLT) to acquire Adhunik Metaliks, the makers of auto-grade steel. Earlier this month, the Committee of Creditors had approved the Rs 500-crore resolution plan submitted by Liberty for Adhunik Metaliks, owned by the Agarwal family of Kolkata. With this, Liberty's Gupta has managed to win its maiden deal under NCLT. The company has also cleared the UK-based group's eligibility criteria under which it was questioned over some alleged non-payment of dues to Exim Bank. This had stalled Liberty's move to acquire Amtek Auto for which the approval is still awaited. "NCLT, the Kolkata Bench, today has pronounced the order and approved the Resolution Plan submitted by Libery House Group Pte Ltd pursuant to the Corporate Insolvency Resolution Process implemented as per the provisions of the Insolvency and Bankruptcy Code, 2016. Certified copy of the order is awaited " Adhunik Metaliks said. Liberty ...
Also found in: [+]
Najib Government Scam: Malaysia to probe $2-billion in payments made to Chinese pipeline firm 5.6.2018 DNA: Money
Malaysia's finance minister on Tuesday announced plans to report to the anti-graft agency upfront payments of billions of ringgit the previous administration made to a Chinese firm for two pipeline projects that have barely begun. Since taking office two weeks ago, Lim Guan Eng has been driving a campaign to expose financial scandals in the administration of former Prime Minister Najib Razak, unseated in a stunning election defeat last month. Lim said Najib's government had paid 8.25 billion ringgit ($2 billion) or 88 percent of the total value of two pipeline projects awarded to China Petroleum Pipeline Bureau (CCPB), although they are less than 15 percent complete. "We have discovered that the payment schedules for the above contracts are based almost entirely on timeline milestones, and not on progressive work completion milestones," Lim said in a statement. In November 2016, CCPB won the contracts to build a 600-km (373-mile) petroleum pipeline along the west coast of peninsular Malaysia, and the ...
Also found in: [+]
Dalmia Cement questions UltraTech eligibility for revised bid 23.5.2018 DNA: Wide Angle
Dalmia Cement's Rajputana Properties which had bid for Binani Cement has refused to revise its bid and has instead strongly objected to the Committee of Creditors (CoC) considering the revised bid put in by UltraTech after bidding process was complete. It said that the eligibility of UltraTech under the Insolvency and Bankruptcy Code (IBC) should be first decided before asking for revised bids. In a letter to the CoC and the Resolution professional, Dalmia said, "CoC cannot consider UltraTech's resolution plan without first deciding on UltraTech's eligibility under Section 29A of IBC 2016." The letter said the question of revising the bid does not arise until the issue of UltraTech's eligibility is established. UltraTech's contention is that its letter revising its bid came when voting on the bids were underway, and hence it should have been considered. Almost all the bankers had voted in favour of Dalmia Cement. Exim Bank voted with a protest as it wanted to go with the UltraTech offer which took care ...
Also found in: [+]
Ananda Dairy inks Rs 100-cr deal with SBI for cattle loans 17.5.2018 General News
Ananda Dairy today said it has signed a Rs 100 crore agreement with the State Bank of India to felicitate 50,000 farmers with cattle loans. This MoU is aimed at giving an easy approach to farmers while applying for cattle loans, to further encouraging them to transform cattle farming into a profitable profession, the company said in a release. The company processes 1,200,000 litres of milk a day, of which it collects over 800,000 litres from dairy farmers. ****************** Exim Bank extends USD 66.60-mn LoC to Rwanda for road project * Export-Import Bank of India (Exim Bank) today said it has extended a line of credit (LoC) of USD 66.60 million to Rwanda for the Base-Butaro-Kidaho road project. With this agreement, Exim Bank so far has extended five LoCs to the government of Rwanda, taking the total value of LoCs to USD 347.65 million, the bank said in a release. ****************** Lemon Tree Hotels enters Baddi in Himachal Pradesh * Lemon Tree Hotels today announced ..
Also found in: [+]
IDBI Bank increases MCLR rates by 5-10 bps 14.5.2018 General News
State-run IDBI Bank today raised it's marginal cost of funds based lending rate (MCLR) rate by up to 10 basis points across various tenors. The revised rates are applicable from May 12, the bank said in a statement here today. It has increased MC by 5 to 10 bps across various tenors. The bank has increased it's one-year MCLR to 8.65 per cent. *********** Exim Bank extends USD 500 mn to Tanzania for water projects * Export-Import Bank of India (Exim Bank) today said it has extended a line of credit (LOC) of USD 500 million to the Tanzania government for water supply scheme in 23 towns of the country. With this, Exim Bank, so far, has extended six LOCs to Tanzania taking the total value of LOCs extended to USD 1.1 billion. Projects covered under the LOCs extended to Tanzania include supply of tractors, pumps and equipment, financing purchase of vehicles, extension of Lake Victoria pipeline to Tabora, and water supply schemes in Dar-es-Salaam. ************* Bajaj ...
Also found in: [+]
Credit deployment stays negative in several key sectors; ASSOCHAM calls for urgent fixing of twin balance sheet problem 30.4.2018 General News
Dissecting the RBI data, the ASSOCHAM noted with concern how sectors after sectors , including sugar, petroleum, coal products, petro-chemicals, cement and cement products , basic metals and metal products ,have shown drop in deployment of gross bank credit between minus two per cent and 19 per cent in the financial year of 2017-18. .
Also found in: [+]
Credit deployment still negative in most sectors: Assocham 29.4.2018 All News-IANS Stories
Most Indian industry sectors have reported negative growth in deployment of gross bank credit, a fallout of banks' inability to lend being saddled with mammoth non-performing assets (NPA), or bad loans, coupled with lack of appetite for fresh investment by highly indebted corporate India, industry body Assocham said on Sunday.
Also found in: [+]
ASSOCHAM calls for urgent fixing of twin balance sheet problem 29.4.2018 General News
Inability of the banks, reeling under the mammoth problem of non-performing assets (NPA) to lend, coupled with lack of appetite for fresh investment by highly indebted India Inc. has resulted in most of the industry sectors reporting negative growth in deployment of gross bank credit, the ASSOCHAM has said.Dissecting the Reserve Bank of India (RBI) data, the ASSOCHAM noted with concern how sectors after sectors, including sugar, petroleum, coal products, petro-chemicals, cement and cement products, basic metals and metal products, have shown drop in deployment of gross bank credit between minus two percent and 19 percent in the financial year of 2017-18. .Even the fertiliser sector which holds better prospects due to expectations of normal monsoon, has shown a huge degrowth in credit deployment to the extent of 19.3 percent up to February 16, in the financial year 2017-18, on sequential basis.Likewise, petro-chemicals firms also showed a huge negative growth of over 19 per cent in
Also found in: [+]
US, Japan agree on commercial infrastructure in Indo Pacific 24.4.2018 General News
As part of their effort to challenge the "predatory" economic development model of China, the US and Japan today agreed on a slew of commercial infrastructure projects in countries of the Indo-Pacific region. The projects are for enhancing government support for LNG-related infrastructure development and fiber-optic submarine cable system project. In a joint statement at the conclusion of the second public-private sector roundtable discussion on US-Japan cooperation on third country infrastructure, the two countries confirmed a list of ongoing cooperative activities in the Indo-Pacific and other nations that will promote quality infrastructure and best value solutions. Prominent among them are LNG to power project in Bangladesh, Jawa LNG-fired IPP project in Indonesia, and gas-fired IPP project in Sharjah. During the roundtable, a wide range of US and Japanese government agencies and numerous companies identified avenues to expand cooperation to assist Indo-Pacific and other nations ..
Also found in: [+]
Govt approaches RBI to relax NPA norms for MSMEs 19.4.2018 General News
The government has approached the Reserve Bank to relax norms for non-performing assets (NPAs) or bad loans in case of small and mid-sized businesses to help them tide over the cash crunch problem. The MSME ministry has sought an extension of the NPA classification period from the current 90-day window up to 180 days. "As far as the NPA norms of RBI are concerned, during that window, where that relaxation was given, efforts are being made to get it further extended," Additional Secretary in the ministry of micro, small and medium enterprises (MSME), Ram Mohan Mishra told reporters here. Mishra said MSME Secretary A K Panda had attended a meeting with Reserve Bank of India nearly a month ago on the issue and the Department of Financial Services is also working on the issue. An accounts turns NPA if it is not serviced for 90 days. In case of small businesses and SMEs, payments come usually late. Once they miss the 90-day period and fall in the NPA category, their credit line is cut. In .
Also found in: [+]
1 to 20 of 3,964