International Finance Corporation
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Manappuram Finance gets Rs 695 crore funding from NABARD; funds to be used for lending to MSMEs
•Manappuram Finance will deploy the funds for onward lending to micro, small and medium enterprises (MSME) and microfinance sector under priority sector lending
International Finance Corporation moves insolvency plea against infrastructure firm Punj Lloyd at NCLT
•IFC is seeking recovery of $30 million defaulted by Punj Lloyd.
US Supreme Court to hear Gujarat villagers' appeal against power plant funded by Washington-based IFC
•The US Supreme Court has agreed to take up an appeal by Indian villagers against a power plant in Gujarat, funded by US-based International Finance Corporation (IFC), which has allegedly resulted in environmental damages.
Air India privatisation: 18,000 employees cannot hold nation to ransom; sale to set tone for other PSU divestment plans
Vivek •If the 18,049 Air India employees are allowed to hold the country to ransom, then so will the employees of other loss-making government-owned firms.
International Finance Corp invests $10 mn in Power2SME, to advise startup on expansion
Ians •Since 1956, IFC has invested in over 400 companies in India, providing $17 billion in financing to the private sector.
International Finance Corporation to invest $1 bn in India for green buildings
•IFC, a member of World Bank, has planned an investment of around $5-6 billion for the next five years in India
Bandhan Bank is born: Chandra Shekhar Ghosh's incredible journey from a sweet shop to owning a bank
Dinesh Unnikrishnan123 •Bandhan Bank, India's latest private lender, will be officially launched in Kolkata on 23 August.
World Bank to probe IFC's role in Vizhinjam port on green concerns
Fp Archives •The "compliance investigation" would be to ascertain whether IFC breached environmental and social (E&S) assessment related norms while giving advisory services for the project.
IFC to raise $2.5 bn through rupee bonds: How it will boost Indian infra sector
Fp Staff •IFC will use a combination of rupee-denominated bonds and swaps to raise local-currency financing of up to Rs 15,000 crore over the next five years
Educomp gets funds to pays off FCCBs; shares up 3%
Fp Staff •ducomp Solutions today said it has paid off its foreign currency convertible bonds worth $110.75 million, including a redemption premium of $32.25 million, after it received $155 million from four investors, including the promoter group.