CashNews.co India’s ambitious energy transition faces a major bottleneck: the staggering Rs 4.25 trillion investment needed to upgrade its transmission network. Green finance for energy transition: India is undergoing a sweeping energy transition aimed at replacing fossil fuel use with renewable energy. However, to achieve this, the country must first secure an investment of Rs […]
CashNews.co The Abu Dhabi Investment Authority (ADIA) is motoring ahead with its Indian strategy following the opening of a new office in Gujarat International Finance Tech-City (GIFT City), India’s new finance hub.ADIA has provided INR63 billion (US$750 million) in debt funding for a subsidiary of GMR Enterprises (GEPL), which owns a… The Abu Dhabi Investment […]
CashNews.co What’s going on here? India’s bond market is abuzz as companies like Oberoi Realty and Bajaj Finance introduce fixed-income offerings, drawing investors seeking diverse and stable returns. What does this mean? India’s bond market is grabbing attention with offers tailored to different risk levels and investment periods. Oberoi Realty, for example, is issuing bonds […]
CashNews.co KAZAN, Russia (AP) — Russia’s President Vladimir Putin on Wednesday hosted China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of the Kremlin’s efforts to challenge Western global clout. Putin said the agenda included deepening financial cooperation, including the development of alternatives […]
CashNews.co (Bloomberg) — Mastercard Inc. is looking to expand its base of partners and services to tap into the growing credit opportunity in India where the use of digital payments has surged. Most Read from Bloomberg Digital transactions in India have jumped 39% to 187.4 billion rupees ($2.2 billion) in fiscal 2024, largely spurred by […]
CashNews.co Finance MagnatesTwo Prop Firms and ThinkMarkets Added to India’s Central Bank Warning ListThe Reserve Bank of India’s warning list has just added another popular FX/CFD broker, ThinkMarkets and two prop firms, FundedNext and Smart….7 hours ago Read More #cashnews #India #finance
CashNews.co carboncopy.infoIndia urges rich nations to lead on climate finance; EU calls for expanded donor baseAs climate finance is set to take center stage at COP29, CarbonCopy brings you a weekly roundup of latest developments in the field..53 minutes ago Read More #cashnews #India #finance
CashNews.co (Reuters) -The Mukesh Ambani-led Reliance Group firm Jio Financial Services is in talks with Germany-based Allianz SE to set up an insurance partnership in India, Bloomberg News reported on Wednesday. Allianz and Jio are looking to set up a general insurance and a life insurance company in India, the report said, citing people familiar […]
CashNews.co What’s going on here? The State Bank of India (SBI) successfully raised 50 billion rupees ($594.9 million) with Basel III-compliant perpetual bondswhile Bajaj Finance is set for its own bond auction. What does this mean? SBI’s move involves the issuance of additional tier-I perpetual bonds, featuring a 7.98% annual coupon. These bonds, part of […]
CashNews.co Union Finance Minister Nirmala Sitharaman. File | Photo Credit: ANI Finance Minister Nirmala Sitharaman stated that India wouldn’t have been the fastest-growing economy if the people hadn’t utilized the digital infrastructure. Also Read: India at forefront of digital revolution: RBI report The Minister emphasized the role of digital infrastructure in making India one of […]