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Reliance MF Invested Rs 2,850 Crore In YES Bank, Siphoned Off: Sources
Businessman Anil Ambani's Reliance Mutual Fund invested Rs 2,850 crore in AT-1 bonds of YES Bank for suspected quid pro quo, sources in the Enforcement Directorate have said.
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Indian Cities Will Need Over $2.4 Trillion By 2050 To Tackle Climate Risk: Report
Indian cities are becoming increasingly more vulnerable to floods, heatwaves, and other climate-related risks and will require over 2.4 trillion US dollars in investments by 2050 to build resilient and low-carbon infrastructure.
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India Needs $2.4 Trillion For Climate Infrastructure By 2050: World Bank
India needs to invest more than $2.4 trillion by 2050 to build climate-resilient urban infrastructure, as its fast-expanding cities face growing challenges from extreme weather events linked to climate change, the World Bank said on Tuesday.
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Pakistan To Get $500 Million From Asian Bank For Development Program
Pakistan will receive $500 million as co-financing for the BRACE development program from the Asian Infrastructure Investment Bank (AIIB), the country's finance minister Ishaq Dar said on Wednesday.
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Asian Bank Tracks Projects In India From Space Amid Covid Travel Bans
In a world of Covid travel bans, the Asia Infrastructure Investment Bank has found an unusual way of keeping tabs on major development projects in places like India and Turkey that staff can't visit: tracking progress from space.
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Punjab To Seek $210 Million Loan For Canal-Based Water Supply To Two Cities
Punjab will seek a $210 million loan from World Bank or Asian Infrastructure Investment Bank (AIIB) for a canal-based water supply project in Amritsar and Ludhiana, under the Punjab Municipal Service Improvement Project (PMSIP).
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Centre To Borrow Over Rs 2,200 Crore From Development Bank For Assam Projects
The Centre on Tuesday signed an agreement with Asian Infrastructure Investment Bank (AIIB) for borrowing $304 million (over Rs 2,200 crore) to improve power transmission network in Assam.
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Nirmala Sitharaman Lauds Asian Infrastructure Investment Bank For Fast-Tracking COVID Aid
Union Minister of Finance Nirmala Sitharaman on Tuesday praised the efforts of Asian Infrastructure Investment Bank (AIIB) for fast-tracking financial assistance of about $10 billion to its member countries including India to combat the coronavirus pandemic.
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India Offers Best Destination For Foreign Investment: Nitin Gadkari
Calling India as the most favourable destination for foreign investment, Union Minister Nitin Gadkari on Tuesday urged foreign investors to reap rich dividends by investing in the country's infrastructure, MSMEs, banks, NBFCs and other sectors.
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China-Backed Bank Says Ready To Lend $3 Billion To Andhra Pradesh
The Asian Infrastructure Investment Bank (AIIB) said it is ready to provide $3 billion to the Andhra Pradesh Government for development projects in the state, in a meeting of its representatives with Chief Minister YS Jagan Mohan Reddy on Thursday.
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China-Backed Bank Drops $200 Million Loan For Amaravati Project
A proposed loan worth $200 million (approximately Rs 1,300 crore) for Andhra Pradesh's new capital - Amaravati - was today dropped by China-backed Asian Infrastructure Investment Bank
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Sri Lanka In Talks With China For $1 Billion Loan
Sri Lanka is seeking a loan of nearly $1.0 billion from China for energy and highways as the island recovers from the devastating Easter Sunday bombings, the finance ministry said Thursday.
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No Spike In Inflation Due To Rising Crude Price: PM Modi
The rising crude prices have not resulted in a spike in inflation and the macroeconomic fundamentals of the country remain strong, said Prime Minister Narendra Modi.
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PM Modi In Mumbai Highlights: Emergency A "Black Spot" On Democracy, Says PM Modi
PM Modi is addressing BJP workers in Mumbai on the emergency and democratic values. PM Modi expressed gratitude towards those who fought against the Emergency in 1975.
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58% Banks Report Rise In Bad Loans In July-September, Indicate Stable Credit Environment, Says Survey
For the forthcoming Union Budget, the banks demanded full tax deduction on the NPA provisioning; reduction in corporate tax rate; and accelerated investments in infrastructure sector.
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Reliance MF Invested Rs 2,850 Crore In YES Bank, Siphoned Off: Sources
Businessman Anil Ambani's Reliance Mutual Fund invested Rs 2,850 crore in AT-1 bonds of YES Bank for suspected quid pro quo, sources in the Enforcement Directorate have said.
-
Indian Cities Will Need Over $2.4 Trillion By 2050 To Tackle Climate Risk: Report
Indian cities are becoming increasingly more vulnerable to floods, heatwaves, and other climate-related risks and will require over 2.4 trillion US dollars in investments by 2050 to build resilient and low-carbon infrastructure.
-
India Needs $2.4 Trillion For Climate Infrastructure By 2050: World Bank
India needs to invest more than $2.4 trillion by 2050 to build climate-resilient urban infrastructure, as its fast-expanding cities face growing challenges from extreme weather events linked to climate change, the World Bank said on Tuesday.
-
Pakistan To Get $500 Million From Asian Bank For Development Program
Pakistan will receive $500 million as co-financing for the BRACE development program from the Asian Infrastructure Investment Bank (AIIB), the country's finance minister Ishaq Dar said on Wednesday.
-
Asian Bank Tracks Projects In India From Space Amid Covid Travel Bans
In a world of Covid travel bans, the Asia Infrastructure Investment Bank has found an unusual way of keeping tabs on major development projects in places like India and Turkey that staff can't visit: tracking progress from space.
-
Punjab To Seek $210 Million Loan For Canal-Based Water Supply To Two Cities
Punjab will seek a $210 million loan from World Bank or Asian Infrastructure Investment Bank (AIIB) for a canal-based water supply project in Amritsar and Ludhiana, under the Punjab Municipal Service Improvement Project (PMSIP).
-
Centre To Borrow Over Rs 2,200 Crore From Development Bank For Assam Projects
The Centre on Tuesday signed an agreement with Asian Infrastructure Investment Bank (AIIB) for borrowing $304 million (over Rs 2,200 crore) to improve power transmission network in Assam.
-
Nirmala Sitharaman Lauds Asian Infrastructure Investment Bank For Fast-Tracking COVID Aid
Union Minister of Finance Nirmala Sitharaman on Tuesday praised the efforts of Asian Infrastructure Investment Bank (AIIB) for fast-tracking financial assistance of about $10 billion to its member countries including India to combat the coronavirus pandemic.
-
India Offers Best Destination For Foreign Investment: Nitin Gadkari
Calling India as the most favourable destination for foreign investment, Union Minister Nitin Gadkari on Tuesday urged foreign investors to reap rich dividends by investing in the country's infrastructure, MSMEs, banks, NBFCs and other sectors.
-
China-Backed Bank Says Ready To Lend $3 Billion To Andhra Pradesh
The Asian Infrastructure Investment Bank (AIIB) said it is ready to provide $3 billion to the Andhra Pradesh Government for development projects in the state, in a meeting of its representatives with Chief Minister YS Jagan Mohan Reddy on Thursday.
-
China-Backed Bank Drops $200 Million Loan For Amaravati Project
A proposed loan worth $200 million (approximately Rs 1,300 crore) for Andhra Pradesh's new capital - Amaravati - was today dropped by China-backed Asian Infrastructure Investment Bank
-
Sri Lanka In Talks With China For $1 Billion Loan
Sri Lanka is seeking a loan of nearly $1.0 billion from China for energy and highways as the island recovers from the devastating Easter Sunday bombings, the finance ministry said Thursday.
-
No Spike In Inflation Due To Rising Crude Price: PM Modi
The rising crude prices have not resulted in a spike in inflation and the macroeconomic fundamentals of the country remain strong, said Prime Minister Narendra Modi.
-
PM Modi In Mumbai Highlights: Emergency A "Black Spot" On Democracy, Says PM Modi
PM Modi is addressing BJP workers in Mumbai on the emergency and democratic values. PM Modi expressed gratitude towards those who fought against the Emergency in 1975.
-
58% Banks Report Rise In Bad Loans In July-September, Indicate Stable Credit Environment, Says Survey
For the forthcoming Union Budget, the banks demanded full tax deduction on the NPA provisioning; reduction in corporate tax rate; and accelerated investments in infrastructure sector.
