international finance

South Korea’s sovereign debt risks down


September 7th, 2012 - 2:06 pm ICT by IANS
Seoul, Sep 7 (IANS) South Korea's sovereign debt risks fell sharply after rating appraiser Fitch upgraded the country's sovereign rating to "AA-minus", data showed Friday.According to the Korea Center for ... Read more...

Posted in Uncategorized |

Bangladeshi firm to set up agro-processing plants in Tripura


May 24th, 2012 - 6:58 pm ICT by IANS
Agartala, May 24 (IANS) The PRAN Group of Bangladesh will set up agro-processing plants in Tripura with an investment of $5 million, an official said here Thursday. The project is ... Read more...

Posted in South Asia |

Over two lakh poor women workers to get stoves, lanterns


November 19th, 2011 - 10:28 pm ICT by IANS
New Delhi, Nov 19 (IANS) The International Finance Corp (IFC) will provide energy-efficient cooking stoves and solar lanterns to over two lakh women in Rajasthan and Gujarat. A member of ... Read more...

Posted in Business |

Indian American to lead US efforts to expand ties with diaspora


July 31st, 2011 - 7:06 pm ICT by IANS
Washington, July 31 (IANS) Mitul Desai, an Indian American international finance and law expert, has been brought in to State Department's South Asia bureau to lead its efforts to expand ... Read more...

Posted in Politics |

Resilient economy reflected country’s economic management: Mukherjee


January 10th, 2011 - 5:34 pm ICT by ANI
Kolkata, Jan 10 (ANI): Union Finance Minister Pranab Mukherjee on Monday said the resilience shown by the Indian economy during the global crisis reflects a maturing of the economic management of ... Read more...

Posted in National |

G20 needs to coordinate policies against protectionism: Mukherjee (Lead)


September 17th, 2010 - 7:59 pm ICT by IANS
New Delhi, Sep 17 (IANS) Amid increasing protectionist policies in the US, Finance Minister Pranab Mukherjee Friday called for coordinated action by G20 countries to make international trade more open and ... Read more...

Posted in Business |

Tamil Nadu to float bids for financial city in October


September 9th, 2010 - 8:29 pm ICT by IANS
Chennai, Sep 9 (IANS) The Tamil Nadu government will float international competitive bids next month for the proposed Chennai Financial City, a top government official said Thursday. "Consultancy firm PriceWaterHouseCoopers (PWC) are ... Read more...

Posted in Business |

India becomes full-fledged member of ‘Financial Action Task Force’


June 29th, 2010 - 10:00 pm ICT by ANI
New Delhi, June 29(ANI): India has become a full-fledged member of Financial Action Task Force (FATF), an inter-governmental body, responsible for setting global standards on anti-money laundering (AML) and combating the financing ... Read more...

Posted in National |

India becomes member of global financial action task force


June 29th, 2010 - 8:39 pm ICT by IANS
New Delhi, June 29 (IANS) India has become a full fledged member of the financial action task force (FATF), an inter-governmental organisation which creates policies to combat money laundering and terror financing, ... Read more...

Posted in Business |

World Bank changes to help India as borrower, shareholder


April 27th, 2010 - 10:27 am ICT by IANS
By Arun Kumar Washington, April 27 (IANS) Historic decisions taken by the World Bank to increase the financial capacity of the Bank and give more voice to the developing countries would greatly benefit ... Read more...

Posted in Business |

Fortune Park seeks hotel space in Gujarat towns


March 24th, 2010 - 8:19 pm ICT by IANS
Gandhinagar,March 24 (IANS) Fortune Park Hotels, a wholly-owned subsidiary of ITC, is seeking to expand to smaller towns in Gujarat and looking at properties in Vadodara, Rajkot and Gandhidham in Kutch. Pawan Verma, ... Read more...

Posted in Business |

Global financing affects creative filmmakers: Kumar Shahani


February 21st, 2010 - 9:56 am ICT by IANS
By Madhusree Chatterjee New Delhi, Feb 21 (IANS) Noted filmmaker Kumar Shahani feels that global financing of movies is a stumbling block for offbeat Indians filmmakers "who try to find their own voice ... Read more...

Posted in Entertainment |

No hasty withdrawal of stimulus packages: Mukherjee


December 24th, 2009 - 8:34 pm ICT by IANS
Kolkata, Dec 24 (IANS) India will not withdraw in a haste its fiscal stimulus packages, announced in three tranches since last December, in line with the decision taken by the leaders ... Read more...

Posted in Business |

India to grow 8-9 percent in next two years: World Bank


December 4th, 2009 - 5:37 pm ICT by IANS
New Delhi, Dec 4 (IANS) India's growth rate over the next couple of years will be 8-9 percent, World Bank president Robert Zoellick said here Friday. "India's growth rates could over the ... Read more...

Posted in Business |

Targets of India’s solar mission (To go with India unveils ambitious solar mission)


November 23rd, 2009 - 8:04 pm ICT by IANS
New Delhi, Nov 23 (IANS) Targets of India's solar mission: • To create an enabling policy framework for the deployment of 20,000 MW of solar power by 2022.• To ramp up capacity ... Read more...

Posted in Business |

$51-mn IFC trade financing line for Kotak Mahindra


November 23rd, 2009 - 6:48 pm ICT by IANS
New Delhi, Nov 23 (IANS) International Finance Corp (IFC), a member of the World Bank group, will provide trade financing of $51 million to Kotak Mahindra Bank as part of its effort ... Read more...

Posted in Business |

International Finance Corp to be chief advisor for Kerala port


November 13th, 2009 - 7:52 pm ICT by IANS
Kochi, Nov 13 (IANS) International Finance Corp (IFC), a member of the World Bank group, will provide advisory services to Kerala for building a greenfield port at Vizhinjam, near state capital Thiruvananthapuram. "We ... Read more...

Posted in Business |

Crisis caused Asia’s rise as regional financial hub, say economists


November 6th, 2009 - 3:07 pm ICT by IANS
Seoul, Nov 6 (DPA) The global financial crisis has triggered the rise of Asia as a regional financial hub with the Asian economy leading the world economy's recovery, economists said Friday in ... Read more...

Posted in Business |

Mukherjee bats for higher voting rights at World Bank meet


October 5th, 2009 - 7:17 pm ICT by IANS
Istanbul, Oct 5 (IANS) Finance Minister Pranab Mukherjee Monday asked rich nations to deliver on the promise made at the G20 Summit in Pittsburgh to step up voting rights of emerging ... Read more...

Posted in Business |

Manmohan Singh leaves for G20 Pittsburgh Summit Wednesday


September 22nd, 2009 - 2:17 pm ICT by IANS
New Delhi, Sep 22 (IANS) Prime Minister Manmohan Singh leaves Wednesday for the two-day G20 Summit in Pittsburgh where he is expected to make a strong pitch for a much larger ... Read more...

Posted in Business |

Uneven growth makes India uncompetitive globally (Comment)


September 13th, 2009 - 9:32 am ICT by IANS
By Sushma Ramachandran Is India a good place to do business? The answer seems to be it is excellent in some areas and difficult in others. No wonder the Indian economy has risen ... Read more...

Posted in Business |

Manmohan Singh says Indian foreign policy linked to domestic policies


August 25th, 2009 - 6:45 pm ICT by ANI
New Delhi, Aug. 25 (ANI): Prime Minister Dr. Manmohan Singh on Tuesday said that India's Foreign policy should be aimed at addressing the challenges of mass poverty, ignorance and disease in ... Read more...

Posted in National |

AIG pulls out of National Housing Bank’s mortgage company


July 29th, 2009 - 10:41 pm ICT by IANS
Kolkata, July 29 (IANS) American International Group (AIG), the insurance giant bailed out by the US government, has pulled out from a proposed joint venture with National Housing Bank (NHB), a top ... Read more...

Posted in Business |

India still not favourable for doing business: Survey


June 30th, 2009 - 10:06 pm ICT by IANS
New Delhi, June 30 (IANS) India is still not very favourable for doing business and starting new ventures in the country is a "time consuming affair", a survey conducted by International Finance ... Read more...

Posted in Business |

Cement, manufacturing sectors picking up


June 30th, 2009 - 3:29 pm ICT by IANS
New Delhi, June 30 (IANS) India's cement and manufacturing sectors, hit hard by the slowdown last year, are now seeing a turnaround, said a senior government official Tuesday, hoping that it would ... Read more...

Posted in Business |

Apollo Hospitals to raise funds for expansion


June 29th, 2009 - 9:49 pm ICT by IANS
Chennai, June 29 (IANS) City-based healthcare company Apollo Hospitals will raise Rs.250 crore from International Finance Corp (IFC) to fund expansion programmes, said a top company official here Monday. Sharing the financial ... Read more...

Posted in Business |

Apollo to get $50-mn loan for small-town hospitals


June 19th, 2009 - 8:08 pm ICT by IANS
New Delhi, June 19 (IANS) International Finance Corp (IPC), a member of the World Bank group, will provide $50 million as loan to Indian private healthcare major Apollo Hospitals for setting up ... Read more...

Posted in Business |

Vaccine bonds: keeping kids - and your money - healthy


March 21st, 2009 - 9:46 am ICT by IANS
By Shabtai Gold Geneva, March 21 (DPA) Government bonds are generally attractive to the layman investor as they are relatively safe. The saver can profit while not fretting over the markets.An initiative ... Read more...

Posted in Business |

Bangladeshi firm to set up food processing units in India


March 18th, 2009 - 6:32 pm ICT by IANS
Agartala, March 18 (IANS) PRAN Group, a Bangladeshi food processing firm, will set up agro-processing plants in Tripura, Orissa and Tamil Nadu, officials said Wednesday. "Setting up of agro-processing plant with an investment ... Read more...

Posted in Business |

More stimulus packages on the anvil


January 24th, 2009 - 2:50 pm ICT by IANS
Chennai, Jan 24 (IANS) The central government and the Reserve Bank of India (RBI) will jointly work to chart out more stimulus packages for industry, Home Minister P. Chidambaram said here Saturday. ... Read more...

Posted in Uncategorized |

International Finance Corp to spend $6 bn in emerging markets


January 6th, 2009 - 8:01 pm ICT by IANS
New Delhi, Jan 6 (IANS) International Finance Corp (IFC), a World Bank member organisation, Tuesday anounced it will spend $6 billion to support the private sector in emerging markets hit by the ... Read more...

Posted in Uncategorized |

Gujarat woos South African business


November 22nd, 2008 - 9:20 am ICT by IANS
Johannesburg, Nov 22 (IANS) A high-level government and business delegation from Gujarat Friday began a three-city tour of South Africa to woo local business to invest in the state as part of ... Read more...

Posted in World |

US tightens Iran’s access to international finance


November 7th, 2008 - 8:36 am ICT by IANS
Washington, Nov 7 (DPA) The US has moved to cut off all Iranian transactions routed through US banks to further tighten sanctions over the Islamic state's nuclear and other illicit activities, the ... Read more...

Posted in Business |

CPI-M opposes hiking foreign capital ceiling in insurance


October 31st, 2008 - 6:43 pm ICT by IANS
New Delhi, Oct 31 (IANS) The Communist Party Of India-Marxist (CPI-M) Friday disapproved of the central government's decision to raise the ceiling for foreign capital entry into the Indian insurance sector.“The politburo ... Read more...

Posted in Politics |

Dishman Pharma to take loan from International Finance Corp


October 27th, 2008 - 5:22 pm ICT by IANS
Ahmedabad, Oct 27 (IANS) Dishman Pharmaceuticals and Chemicals Ltd is raising a foreign exchange loan from the International Finance Corp, part of the World Bank group, to fund its expansion projects, to ... Read more...

Posted in Health Science |

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