CashNews.co India last month extended the fiscally precarious Maldives a $50 million interest-free loan, helping stave off a potential default on $500 million in Sukuk bonds. The loan will support coupon payments due this month. The bonds, issued in 2021, were subscribed by countries including Egypt, Pakistan, South Africa and the UK. Sukuk bonds comply […]
CashNews.co India Trade Finance Market India trade finance market size is projected to exhibit a growth rate (CAGR) of 8.60% during 2024-2032. India Trade Finance Market Overview Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Growth Rate: 8.60% (2024-2032) India Trade Finance Market is growing rapidly, driven by increasing international trade and government […]
CashNews.co Chennai: India will be one of the top climate finance beneficiaries of the global carbon tax on aviation and shipping sectors, with a potential of receiving $25 billion, finds the International Monetary Fund. However, the carbon tax can significantly raise international airline tariffs when the CORSIA scheme will cover 90 per cent of international […]
CashNews.co Tata Motors Finance and Bank of India have entered into a co-sourcing agreement for enhancing financing accessibility for commercial vehicles. The agreement is aimed at enhancing financing accessibility for commercial vehicle owners and fleet operators across the country. The co-sourcing arrangement will capitalize on the strengths of both entities, facilitating a more efficient, and reliable […]
CashNews.co New Delhi: The International Finance Corporation (IFC), the soft loan window of the World Bank, has partnered with Axis Bank to provide a $500 million loan to scale up green project financing in India, the IFC said on Monday. The collaboration marks the IFC’s first-ever blue investment in India and the country’s inaugural blue […]
CashNews.co The enforcement of the new bilateral investment treaty (BIT) between India and the UAE ensures continued investment protection for investors from both nations, the finance ministry said on Monday. The earlier bilateral investment promotion and protection agreement (BIPPA) between the two countries expired on 12 September. “The signing and enforcement of the BIT reflects […]
CashNews.co Muizzu (left) and Modi (right) held talks on Monday during the Maldives president’s visit to India [Getty Images] India has agreed to extend hundreds of millions of dollars in financial support to the Maldives to help strengthen its struggling economy. The deal was announced after Maldives President Mohammed Muizzu held talks with Prime Minister […]
CashNews.co Tata Motors Finance (TMF) on Monday announced that it has joined forces with Bank of India, by entering into a strategic co-sourcing agreement aimed at enhancing financing accessibility for commercial vehicle owners and fleet operators across the country. “The co-sourcing arrangement will capitalize on the strengths and capabilities of both entities, facilitating a quicker, […]
CashNews.co India’s leading automotive financiers, and Bank of India, have joined forces by entering into a strategic co-sourcing agreement aimed at enhancing financing accessibility for commercial vehicle owners and fleet operators across the country. The co-sourcing arrangement will capitalize on the strengths and capabilities of both entities, facilitating a quicker, more efficient, and reliable customer […]
CashNews.co 3 min read Last Updated : Oct 07 2024 | 5:00 PM IS International Finance Corporation (IFC), private sector lending arm of the World Bank Group, on Monday tied up with Axis Bank to provide a USD 500 million (about Rs 4,200 crore) loan to help develop a blue finance market and scale […]