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ReNew Power secures OPIC debt funding of $350m
ReNew Power Limited has secured fresh debt financing of up to $350 million from the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution.Read more
Maharashtra refinery attracts biggest overseas investment from Saudi Aramco
Saudi Aramco will pick up 50% stake in the planned integrated mega refinery and petrochemicals complex, being built with an investment of $ 44 billion at Ratnagiri.Read more
Civil Aviation Ministry trying to put in place financing structure
Civil Aviation Ministry trying to put in place financing structureRead more
Storage and Warehouses to observe investment of approx Rs 450 billion by 2020
In a report released by JLL, India's largest real estate services firm, it is estimated that close to Rs 450 billion will be invested in creating storage facilities across India from 2018 - 2020.Read more
Kuwait Investment Forum 2018 to showcase over $100 bn in potential investment opportunities
The State of Kuwait is rolling out investment partnerships and strategic investment opportunities valued at more than $ 100 billion in key economic and social sectors for investors that include information and communications technology, oil-gas, renewable energy, electricity-water, urban developments and housing, healthcare, education, transport, tourism, and the north zone development.Read more
Maxion Wheels to set up new passenger car aluminum wheel plant in Pune with $ 50 million investment
Maxion Wheels, the world’s largest wheel manufacturer, held a ground breaking ceremony (Bhoomi Poojan) on the future site of its 25,000 square meters plant in Khed City, Pune.Read more
Paisalo launches app for easy loan disbursal to MSMEs
With a vision of empowering the MSME segment and small businesses, Paisalo Digital Limited has launched its app with the same name to accelerate and facilitate 100% digital loan disbursal, creating unique customer experience.Read more
Economic Survey predicts 7-7.5% GDP growth in 2018-19
As a result of a series of major reforms undertaken over the past year, India’s real GDP growth will reach 6.75% this fiscal and will rise to 7-7.5% in 2018-19Read more
TCS & Cornell Tech partner to promote joint academic and industry research
Tata Consultancy Services, a leading global IT services, consulting and business solutions organisation, announced a $50 million investment in Cornell Tech. The investment includes a significant gift for the first phase of capital development on the Roosevelt Island campus, as well as support for collaborating on technology research and expanding K-12 digital literacy programs in New York City.Read more
IndiGrid delivers robust quarterly performance
IndiGrid, India's first Infrastructure Investment Trust (InvIT) in the power sector, announced its first full quarter results. Consolidated revenue stood at INR 1,323 million on the back of high asset availability. Consolidated EBITDA for the quarter was INR 1,223 million resulting in Net Distributable Cash flow (NDCF) of INR 1,014 million.Read more