User: ifinews Topic: IFIs
Category: ECAs :: Other ECAs
Last updated: Dec 15 2017 22:41 IST RSS 2.0
 
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Engineering goods push exports higher to $26 bn in November 15.12.2017 All News-IANS Stories
Healthy off-take of India's engineering and petroleum products pushed exports higher to $26.19 billion in November, from $23 billion in October and $20.06 billion during the corresponding month of last year, official data showed on Friday, even as the country's strength in services was reflected in their higher exports continuing in October.
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Govt to prepare research report to boost exports in 10 geographies 3.12.2017 Business Standard: News Now
The US and European Union account for about 25% of the country's total merchandise exports
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JBIC, OPIC announce MoU for infra and energy 29.11.2017 Hindu: Hyderabad
The Japan Bank for International Cooperation (JBIC) and the Overseas Private Investment Corporation (OPIC) on Tuesday welcomed Indian companies to be a part of their projects in the Indo-Pacific regi...
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Firms should resist investing in PoK: Seoul 27.11.2017 Hindu: Home
The South Korean government will warn companies planning to invest in Pakistan-occupied Kashmir (PoK), South Korea’s Vice Minister for Foreign Affairs, Cho Hyun, said on Monday.“We have sent out a cle...
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Moody's upgrade India's credit rating after 13 years 17.11.2017 Deccan Herald - Business
After a gap of 13 years, global rating agency Moodys on Friday upgraded Indias sovereign credit rating from its lowest investment grade to Baa2 and gave a thumbs up to two big-ticket reforms -- demonetisation and GST â€" calling them remarkable. Along with that, Moodys Investors Service also upgraded nine state-owned companies including ONGC, IOC, HPCL, NTPC and GAIL and four financial institutions including SBI and HDFC and EXIM Bank. The rating upgrade elicited a quick response from the government with Finance Minister Arun Jaitley saying it is a "belated recognition of positive steps taken in the last few years". "Many who had doubts in their minds about Indias reform process would need to now seriously introspect on their thinking," said Jaitley, hours after news broke. "Moodys believes that those (reforms) implemented to date will advance the governments objective of improving the business climate, enhancing productivity, stimulating foreign and domestic investment, and ultimately ...
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Follow fiscal glide path, says Jaitley after Moody's upgrade 17.11.2017 All Economy & Policy Stories
Sees upgrade as a 'belated recognition' of the positive steps taken by the Central govt in past 3 years
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After Moody's upgrade, India Inc can raise funds overseas at lower costs 17.11.2017 Business Standard: Companies & Industry
CFOs of large corporates said Moody's upgrade will help tap overseas markets where average cost of funds is Libor plus up to 200-400 basis points depending on a company's credit-worthiness
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Moody's upgrade will make foreign funds cheaper: SBI Chief Rajnish Kumar 17.11.2017 News
Rajnish Kumar also expects the rating of SBI to go up reflecting the higher sovereign ratings.
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SBI, HDFC Bank, EXIM Bank and IRFC also get Moody's rating upgrades 17.11.2017 Business Standard: News Now
Moody's has also changed the ratings outlook to 'stable' from 'positive' for the four banks and some of their branches abroad
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Moody's upgrades ONGC, IOC, BPCL, HPCL, PLL issuer rating to Baa2 from Baa3 17.11.2017 News
At the same time, the foreign currency issuer rating of ONGC has been upgraded to Baa1 from Baa2
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India Inc's October overseas investment down 49% 15.11.2017 All News-IANS Stories
Investments made by India Inc abroad declined by 49.05 per cent in October to $1.35 billion from $2.65 billion in September 2017.
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Afghanistan gets Indian wheat via Iran: 10 key highlights of Chabahar port 30.10.2017 Top Stories
India starts sending wheat to Af via Iran's Chabahar Port
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In a 1st, India sends wheat to Afghanistan via Chabahar port bypassing Pak 30.10.2017 Business Standard: News Now
The shipment was flagged off from the Kandla port in Gujarat with External Affairs Minister Sushma Swaraj and her Afghan counterpart Salahuddin Rabbani joining the ceremony through video conferencing
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Rs 2.11 lakh cr PSU bank recap plan significant credit positive: Moody's 25.10.2017 News
In the past, the government had used the recapitalisation bond route to recapitalise PSBs
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Delhi-Mumbai Industrial Corridor: A tale of abandonments and delays 5.10.2017 All Economy & Policy Stories
Almost a decade after its launch, the project faces big challenges Almost a decade after its launch, the project faces big challenges
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Arun Jaitley to leave for Bangladesh on two-day official visit on Tuesday 2.10.2017 New Kerala: India News
New Delhi . Oct 2 : The Union Minister of Finance and Corporate Affairs, Arun Jaitley will arrive at Bangladesh's capital Dhaka on 3rd October on an official visit to have a bilateral meeting with the Finance Minister of Bangladesh, Mr Abul Maal A Muhith.
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Arun Jaitley to begin 2-day visit to Dhaka tomorrow 2.10.2017 All Current Affairs Stories
Finance Minister Arun Jaitley will begin a two-day visit to Dhaka from tomorrow during which a pact on bilateral investment promotion and protection is likely to be signed. Besides, "a Dollar Credit Line Agreement between the Government of the People's Republic of Bangladesh and Export- Import Bank of India (EXIM Bank) is likely to be signed for 3rd Line of Credit," an official statement said It did not provide details on the line of credit. On Wednesday, it said, a "Joint Interpretative Notes on the Agreement between India and Bangladesh for the Promotion and Protection of Investments" is likely to be signed. On his arrival in Dhaka tomorrow, Jaitley will deliver the inaugural address at the business meeting between Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) and Federation of Indian Chambers of Commerce and Industry (Ficci). In the evening, he will attend a dinner hosted by the High Commissioner of India, HarshVardhan Shringla. On Wednesday, ..
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Foreign borrowings by Indian companies halve to $1.64 bn in Aug: RBI data 28.9.2017 Latest News
Indian Inc's foreign borrowings nearly halved to USD 1.64 billion in August this year, data from Reserve Bank showed today. It includes borrowings through external commercial borrowings (ECBs) and rupee denominated bonds (RDBs) -- which were halted briefly recently. Indian firms had borrowed USD 3.17 billion through ECBs in August 2016. There were no RDBs in the same period last year as the instrument was introduced in September. Of the total borrowings, more than USD 1.56 billion were in the form of external commercial borrowings. In a break-up, USD 1.54 billion were borrowed through automatic route and USD 23,635,295 million through approval route of ECBs. Rest of USD 78,163,593 million foreign borrowings during the month were through rupee denominated bonds, showed the data. Fullerton India Credit Co Ltd was the only company that used the RDB route to raise the fund. Among major borrowers using ECBs were Exim Bank of India USD 400 million for on-lending, Larsen
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Cabinet approves signing of Inter-bank Local Currency Credit Line Agreement 27.9.2017 New Kerala: Business India
New Delhi : The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the signing of the (i) Interbank Local Currency Credit Line Agreement and (ii) Cooperation Memorandum Relating to Credit Ratings by Exim Bank with participating member banks under BRICS Interbank Cooperation Mechanism.
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Cabinet gives nod for pacts by Exim Bank under BRICS mechanism 27.9.2017 ET: Policy
At an appropriate time, Exim Bank, leveraging this umbrella agreement, could enter bilateral agreement with any of these member institutions to raise resources for its business, it said.
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