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Finance

Adani Group’s Renew Exim raises finance to acquire ITD cementation

Adani Group's Dubai-based company Renew Exim DMCC has successfully raised acquisition financing from a group of international investors, including BlackRock, to fund its majority stake acquisition in India-based ITD Cementation India Ltd, the Adani Group said in an official announcement on Wednesday.

What was in it for the corporate sector?

A country is not just its soil, a country is its people’ With the Finance Minister Nirmala Sitharaman quoting great Telugu poet and playwright Gurajada Appa Rao, the flavour of this year’s budget with focus on Viksit Bharat had a slew of measures aimed at fostering economic growth, enhancing global competitiveness, and promoting inclusive development in India.

Nirmala Sitharaman invites Mexican investors to explore opportunities in India’s GIFT-IFSC and Global In-House Capability Centers

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, on Saturday invited Mexican investors to explore opportunities in India's Global In-House Capability Centers (GICCs), aircraft leasing, ship leasing, and even foreign university setups at GIFT-IFSC, which is emerging as a global hub for reinsurance and sustainable finance.

Fiji, Japan sign standby disaster loan financing agreement

Fiji and Japan signed an exchange of notes on Wednesday for a second stand-by disaster loan financing of around 72.0 million Fijian dollars (around 32.4 million US dollars), which will assist in any future needs for disaster recovery and rehabilitation.