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IFC set to pick up minority stake in dairy firm

Consumer

08 February, 2021

IFC set to pick up minority stake in dairy firm

International Finance Corporation (IFC), the private-sector investment arm of the World Bank, is likely to make an equity investment in ......

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Has World Bank arm IFC's exposure to India peaked out?

Finance

15 October, 2020

Has World Bank arm IFC's exposure to India peaked out?

International Finance Corporation’s exposure to India dropped during the year through June 2020 even though the South Asian nation continued ......

South Asia faces worst-ever recession, India GDP to shrink 9.5%: World Bank

Economy

08 October, 2020

South Asia faces worst-ever recession, India GDP to shrink 9.5%: World Bank

Millions of people in South Asia are being pushed into extreme poverty as the region where a quarter of humanity ......

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A peek into PE investors' returns as Suryoday SFB files for IPO

Finance

05 October, 2020

A peek into PE investors' returns as Suryoday SFB files for IPO

Suryoday Small Finance Bank Ltd (SFB) has filed its draft prospectus with Securities and Exchange Board of India (SEBI) to ......

IFC adopts new climate rules to deter lenders from backing coal

Finance

25 September, 2020

IFC adopts new climate rules to deter lenders from backing coal

The World Bank's private-sector arm has introduced new climate change conditions for its investments in commercial banks to encourage the ......

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Ramkrishna Forgings to raise fresh capital from existing investor

Manufacturing

22 September, 2020

Ramkrishna Forgings to raise fresh capital from existing investor

Diversified metals manufacturer Ramkrishna Forgings Ltd will raise fresh capital from an existing investor as it seeks to finance its ......

IFC launches $4 bn medical supply financing platform for developing countries

Finance

30 July, 2020

IFC launches $4 bn medical supply financing platform for developing countries

The World Bank Group's private sector arm said on Wednesday it was launching a $4 billion financing platform aimed at ......

Coronavirus to shrink Indian economy by 3.2% in FY21: World Bank

Economy

09 June, 2020

Coronavirus to shrink Indian economy by 3.2% in FY21: World Bank

The coronavirus will cause global economic output to contract by 5.2% in 2020, the World Bank said on Monday, warning ......

IFC to offer $35 mn in debt funding to JK Paper

Finance

01 June, 2020

IFC to offer $35 mn in debt funding to JK Paper

International Finance Corporation (IFC), the private-sector investment arm of the World Bank, is looking to invest up to $35 million ......

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GIC, Sunil Mittal invest in a small finance bank

Finance

19 May, 2020

GIC, Sunil Mittal invest in a small finance bank

Singapore sovereign wealth fund GIC Pte. Ltd and Bharti Enterprises founder Sunil Bharti Mittal have invested in a small finance ......