IIFCL plans $200 million External Commercial Borrowing by January 2025, says MD Jaishankar
State-owned diversified infrastructure lender India Infrastructure Finance Company Ltd (IIFCL) plans to raise about $200 million through external commercial borrowing (ECB) by January 2025, its Managing Director, PR Jaishankar said. “This will be IIFCL’s first ECB since its inception in 2007. So far, we have only raised funds from multilateral institutions.
RBI’s FX interventions intended to ensure that the market is liquid and deep, and functioning in an orderly manner, say officials
The RBI’s interventions in the foreign exchange (FX) market are intended to ensure that the market is liquid and deep, and functioning in an orderly manner, according to central bank officials. In an article “State of the Economy” in RBI’s latest monthly bulletin, the officials underscored that India’s FX reserves
RBI’s FX interventions intended to ensure that the market is liquid and deep, and functioning in an orderly manner, say officials
The RBI’s interventions in the foreign exchange (FX) market are intended to ensure that the market is liquid and deep, and functioning in an orderly manner, according to central bank officials. In an article “State of the Economy” in RBI’s latest monthly bulletin, the officials underscored that India’s FX reserves
IBBI proposes to make monitoring committee mandatory for all resolution plans
Insolvency regulator IBBI proposes to make constitution of monitoring committee mandatory for implementation of all resolution plans under Corporate Insolvency Resolution Process (CIRP). It has issued a discussion paper for this purpose and public comments can be sent by December 9. The proposed move is fallout of the Supreme Court
Storage in major reservoirs down on 11% post-monsoon deficient rainfall
The water storage in India’s 155 major reservoirs dropped further by 2 percentage points this week to 83 per cent of the capacity. However, the level was higher than last year and the last 10 years average (normal level), data from the Central Water Commission (CWC) showed. The levels in
Indian MSMEs create about 10 crore jobs in 15 months, ETCFO
New Delhi, Nov 21 (IANS) The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has gone up by close to 10 crore in the last 15 months, official data recorded on the government’s Udyam portal showed. New Delhi, The total number of
APEC Climate Center forecasts La Nina emerging during Dec-Feb
The APEC Climate Center (APCC) has said there is a 62 per cent chance for La Nina conditions to persist between December 2024 and February 2025 with conditions turning neutral during February-April 2025 and March-May 2025. “The APCC ENSO (El Nino Southern Oscillation) alert suggests ‘La Niña Watch’. Niño3.4 index
India’s urban development to propel GIS market growth in Asia-Pacific, ETCFO
India’s urban development to propel GIS market growth in Asia-Pacific New Delhi [India], November 21 (ANI): The geographic information system (GIS) sector in India is undergoing a revolutionary transformation, driven by urban development and cutting-edge technologies. The critical role of GIS in shaping the country’s urban and economic landscape while
India’s export outlook brighter as manufactured goods gain share: RBI, ETCFO
Mumbai, Nov 21 (IANS) The outlook for India’s exports is brightening as underneath the subdued growth profile of the past few months, the country has been gaining a share in global trade of key manufacturing items, according to the RBI bulletin for November. Mumbai, The outlook for India’s exports is
Saudi Arabia, India top domestic aviation recovery, OAG study shows
India has seen the second fastest recovery in domestic seat capacity among top twenty aviation markets compared to 2019, OAG, an aviation data provider has said in its latest analysis. Domestic seat capacity in India in 2024 is 12.7 per cent higher compared to 2019. Seat capacity growth in India