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IFC-backed Polycab buys out Ryker stake from Singapore JV partner Trifigura

Manufacturing

04 May, 2020

IFC-backed Polycab buys out Ryker stake from Singapore JV partner Trifigura

Cable and wire manufacturer Polycab India Ltd, which owned 50% stake in Ryker Base Pvt. Ltd, will acquire the remaining ......

Barclays slashes India's GDP forecast as govt extends lockdown

Economy

14 April, 2020

Barclays slashes India's GDP forecast as govt extends lockdown

UK’s Barclays bank has cut India’s GDP forecast to 0.8%, from an earlier estimate of 3.5% for the financial year ......

Coronavirus lockdown to shrink global economy by 3% in 2020, warns IMF

Economy

14 April, 2020

Coronavirus lockdown to shrink global economy by 3% in 2020, warns IMF

The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will ......

PM Modi extends lockdown to May 3 as coronavirus cases cross 10,000

General

14 April, 2020

PM Modi extends lockdown to May 3 as coronavirus cases cross 10,000

India on Tuesday extended until May 3 a nationwide lockdown for its 1.3 billion people as the number of coronavirus ......

India's GDP growth may slump to 1.5% in FY21, warns World Bank

Finance

13 April, 2020

India's GDP growth may slump to 1.5% in FY21, warns World Bank

India and other South Asian countries are likely to record their worst growth performance in four decades this year due ......

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How was IFC's partial exit from AU Small Finance Bank?

Finance

28 January, 2020

How was IFC's partial exit from AU Small Finance Bank?

International Finance Corporation (IFC), the private-sector investment arm of the World Bank, has made a partial sale of its stake ......

World Bank cuts global growth forecast, expects India prospects to improve

Finance

09 January, 2020

World Bank cuts global growth forecast, expects India prospects to improve

The World Bank on Wednesday trimmed its global growth forecasts slightly for 2019 and 2020 due to a slower-than-expected recovery ......

Grapevine: Varde proposes Altico infusion; Cube Highways wins road auctions

General

21 November, 2019

Grapevine: Varde proposes Altico infusion; Cube Highways wins road auctions

Stressed home financier Altico Capital received a proposal for infusion of Rs 1,000 crore ($139.3 million at current exchange rate) ......

India jumps 14 places on World Bank's ease of doing business list

General

24 October, 2019

India jumps 14 places on World Bank's ease of doing business list

Faster bankruptcy resolution and issuance of construction permits helped India jump 14 places in the World Bank’s annual ranking of ......

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How IFC bumped up India exposure as shadow banking crisis worsened

Finance

24 October, 2019

How IFC bumped up India exposure as shadow banking crisis worsened

International Finance Corporation (IFC) increased its annual commitment to India almost four times for the year through June 2019, as ......