User: ifinews Topic: IFIs
Category: world-bank :: bangalore
Last updated: Jun 22 2018 01:33 IST RSS 2.0
 
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BBMP’s ambitious LED street light project hits a road block 22.6.2018 Hindu: News
The civic body has received a complaint about one of the bidders
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Fissures in Karnataka Congress? Party MLA Satish Jarkiholi`s supporters protest seeking Cabinet seat for him 6.6.2018 Zee News : India National
Ahead of the Cabinet expansion in Karnataka on Wednesday, there seem to be fissures within the Congress over the allocation of berths. Supporters of Congress MLA Satish Jarkiholi on Wednesday staged a protest near Vidhana Soudha in Bengaluru demanding a ministerial seat for him in the state cabinet. 
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India shows how sexual assault against women can hold back rise of nation 29.5.2018 Top Stories
In the eight years from 2004, about 20 million women (the size of the combined populations of New York, London and Paris) vanished from India's workforce, the World Bank estimates
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LIVE! Now, official says 27 people did NOT die in Bihar bus mishap 4.5.2018 Rediff: Top Stories (India)
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EV cab service provider Lithium to raise $8 mn from IFC for expansion 28.4.2018 Latest News
Lithium Urban Technologies (Lithium), which gave the country its first electric cab service, plans to expand its service outside Bengaluru and Delhi NCR. The company also plans to enter other business in electric mobility, which are currently being piloted. To support the expansion company plans to rope in International Finance corporation (IFC) as an equity investor.The World Bank's investment arm is considering an equity/quasi equity investment of up to $8 million in Lithium. The investment will be through Compulsorily Convertible Preference Shares (CCPS) as a part of the company's fund-raising round with additional capital being provided by other investors.IFC's investment at this stage will provide the Company with patient capital needed for the growth phase as it explores new avenues for EV applications. IFC will also be providing private institutional capital to a small company in a nascent sector. IFC's investment will provide a strong signal of support for the adoption of ...
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With proper innovation, India can do a Silicon Valley in 5 yrs: World Bank 3.4.2018 Business Standard: News Now
"I believe firm size, firm capability and innovation have a strong relationship," said World Bank India head
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ISA, IEA ink joint declarations of partnership for renewable energy 10.3.2018 General News
The International Solar Alliance (ISA) has signed a joint partnership agreement with the International Energy Agency (IEA) to deepen cooperation in the field of renewable energy. The ISA has also inked joint financial partnership declarations with the African Development Bank (AfDb), the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the Green climate fund (GCF), and the New Development Bank (NDB). "The objective of the agreements is to deepen their cooperation in support of renewable energy. The previous three partnerships were signed by ISA with the World Bank, the European Investment Bank and the European Bank for Reconstruction and Development," an official statement said. The agreements were signed in the presence of Finance Minister Arun Jaitley and Power and New and Renewable Energy Minister R K Singh. The statement said the International Renewable Energy Agency (IRENA) will sign a joint partnership declaration tomorrow. The ISA is working for ...
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​Government of India signs a MoU with Canada's International Development Research Centre (IDRC) 23.2.2018 General News
During the signing ceremony, Indian side appreciated the contribution of IDRC in supporting quality research in various fields including finance, agriculture, industry and health in India.
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Cape Town is running out of water... Bengaluru is next 13.2.2018 Rediff: Top Stories (India)
It's not just South Africa's Cape Town which is going dry. Here are 10 other cities that are most likely to run out of drinking water.
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Alibaba leads $300 mn funding in bigbasket 2.2.2018 Hindu: Business
The Bengaluru-based online grocery store plans to deploy funds for expansion
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World Bank commits USD 100 mn to boost rural economy of TN 30.1.2018 General News
The government and World Bank today signed a USD 100 million (about Rs 6,400 crore) loan agreement to promote rural economy in selected blocks of Tamil Nadu across 26 districts, benefiting over 4 lakh people. The funding aimed at promoting rural enterprises, facilitate their access to finance, and create employment opportunities for youth particularly women, the finance ministry said in a statement. The Tamil Nadu Rural Transformation Project will create an enabling environment for producer organisations and enterprises to promote businesses across select value chains, it said. "Based on the analysis, communities will identify commodities and subsectors in the value chain for preparing business plans. 30 per cent of the financing for these business plans will be through a matching grant programme from the project and the remaining 70 per cent will be leveraged from other financial institutions," it said. It will also specifically support eligible households from ...
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Bengaluru most well read city in India: Survey 5.1.2018 All News-IANS Stories
Bengaluru has emerged as the most well read city in India, while Mumbai and Delhi stands at second and third position, respectively, according to a survey conducted by Amazon India's Annual Reading Trends Reports for 2017.
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BBMP plans for LED street lights, yet again. What’s different now? 29.12.2017 Citizen Matters
BBMP hopes to save Rs 8 crores per month through LED streetlights. This isn't the first time - BBMP has been talking about LED lights for a long time now. What's the plan now? ...
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E-commerce marketplace Moglix expands footprint to Mumbai, Ahmedabad 15.12.2017 Sify Finance
[India], Dec 15 (ANI): B2B e-commerce platform Moglix on Friday announced its expansion to Mumbai and Ahmedabad to cater to the market of Western and Southern India.
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‘Engineers have a big role in nation building’ 27.11.2017 Hindu: National
If every engineer works with a vision, the country can grow by leaps and bounds, Vishnukant S. Chatpalli, Advisor, National Assessment and Accreditation Council, Bengaluru, said.He was speaking at the...
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Moody's lifts India's mood, but will the party last? 20.11.2017 Deccan Herald - Supplements
Soon after World Bank, one more global agency came in support of Prime Minister Narendra Modi governments economic reforms and gave a big applause to demonetisation and the Goods and Services Tax (GST), calling the move remarkable. This time, it was a credit rating agency whose recognition is much sought after by governments, corporates and investors as it enhances their creditworthiness and makes borrowing money from abroad a lot more easier. Moodys Investors Service, one of the three major global ratings agencies, upgraded Indias sovereign credit rating notch higher than investment grade. It put India in the Baa2 investment grade from the earlier Baa3, which is the last category of investment grade rating. The outlook on the rating was also changed to stable from positive. This is Indias highest credit rating by Moodys post liberalisation. Moodys said it believed that the reforms implemented to date by the Modi government would advance the governments objective of improving the business climate, ...
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Entrepreneurship is a lonely path for women (Nov 19 is Women's Entrepreneurship Day) 19.11.2017 All News-IANS Stories
Being a woman entrepreneur may be aspirational for many, but is it easy being one? As people celebrate women entrepreneurship day on Sunday, many of them say entrepreneurship is not for the faint-hearted and it's important to have self-belief in a path strewn with bureaucratic and gender obstacles.
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Bulletin Board- Oct 26 25.10.2017 Deccan Herald - Thursday
Graphic design internship Streamlyn is hiring interns for Graphic Design profile in Bengaluru. Students with knowledge of Adobe Photoshop, CorelDRAW and User Interface (UI) Development can apply by November 6. The stipend is Rs 15,000 to 20,000 per month. To apply visit, www.bit.ly/DH-179. Environmental engineering The University of Strathclyde, UK is inviting applications for the MSc Environmental engineering course that starts in September 2018. For more information, email civeng-pgt@strath.ac.uk. Professional courses Euro Chroma Institute of Cosmetology announces the admission to Diploma and Certificate courses in professional make-up at their New Delhi campus. The last date to apply is October 30, 2017. For more details, email institute@eurochroma.com. University fair EducationUSA is conducting an EducationUSA University Fair. Aspiring students wishing to pursue higher studies in the United States can interact with representatives from over 30 universities and know about the various programmes they ...
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Onsite creches a win-win for firms 14.10.2017 Hindu: National
IFC study says onsite facilities for employees’ children lower attrition
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Engineering colleges fume at government order on grant 7.10.2017 Deccan Herald - News
Seven private-aided engineering colleges are up in arms as the State government has asked them to repay grants they received between 2003 and 2009 under the World Bank-assisted Technical Education Quality Improvement Programme (TEQIP). The Department of Technical Education, the nodal agency for TEQIP, has written to the colleges, informing them that the recovery will start from 2017-18 financial year. TEQIP is aimed at improving infrastructure at technical education institutions in India, and approved by the Union government in 2002. Under the first phase - February 2003 to March 2009 - Karnataka received Rs 162 crore for 14 engineering colleges. This included two government colleges, seven private-aided colleges and five private-unaided colleges. The state government pitched in with a share of 20%, which is Rs 32.40 crore. Of this, the DTE says Rs 24.62 crore (76%) is recoverable because it was a loan, whereas the remaining 24% was a grant. "According to a MoU we signed with the State government, ...
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