Export-Import Bank of India (Exim Bank) today said it has extended a line of credit of USD 500 million to the SBM (Mauritius) Infrastructure company (SBMM) for financing various infrastructure projects in Mauritius.
The LOC is Exim Bank's first one to the SBMM, Mauritius.
Exim Bank's has earlier extended four LOCs the Mauritius government aggregating USD 164.80 million, taking the total value of LOCs extended to Mauritius to USD 664.80 million.
.............................................................. Yes Bank hires former RBI ED as advisor
Mid-size private sector lender Yes Bank today said it has appointed former Reserve Bank executive director G Gopalakrishna as a senior strategic advisor to its top management.
Gopalakrishna, a career central banker, was the executive director of the important Department of Banking Supervision and also director of the RBI-sponsored Centre of Advanced Financial Research and Learning (Cafral).
He will advice Yes Bank's top management on global best practices, governance and capacity building on the HR front, a bank statement said.
............................................................. Carpediem Capital invests $3.5 m in Collateral Medical
Collateral Medical, a pan-India online distributor of medical Devices, raised USD 3.5 million in a Series A investment from Carpediem Capital.
The funds will be used towards strengthening the company's distribution capabilities, expanding the service network and strengthening the IT infrastructure, it said in a statement here.
Intellecap's Investment Banking Group advised Collateral Medical on the deal.
Collateral Medical focuses on supplying medical devices for doctors, clinics, and small and medium hospitals present in Tier II and III cities.
.............................................................. ICICI Bank launches remittance platforms on web, mobile
The country's largest private sector lender, ICICI Bank, today launched a website and mobile application to simplify inward remittances by the diaspora.
Using 'Money2India', non-resident Indians can transfer money to India in just three clicks, the bank said.
It is also the first to integrate the international money transfer facility with its Internet banking platform, the statement said.
.............................................................. Star Sports launches Tamil sports channel
Star Sports, the sports broadcast arm of Star India, today said it has launched a dedicated Tamil sports channel.
A first-of-its-kind regional sports channel, Star Sports Tamil would provide curated Tamil content, the media firm said in a statement.
"Tamil Nadu is a unique market with high affinity to language content and very distinctive viewing habits. Star India's strong presence in the state has helped us understand the pulse of the Tamil sports fans. Star Sports Tamil is an extension of our belief to give people more relevant regional sports content. This is another resolute step in our constant endeavour to bring fans closer to sports," a Star India spokesperson said.
.............................................................. YuppTV bags digital rights of ICC Champions Trophy
Internet-based TV streaming service provider YuppTV today said it has bagged the exclusive digital rights for the upcoming ICC Champions Trophy 2017 for Canada and non-exclusive digital rights for Continental Europe.
YuppTV users in Canada and Continental Europe, excluding Germany, Switzerland and Austria, will be able to view the cricket tournament live on the platform.
"It has been our constant endeavour to make it easier for users to access entertainment over the Internet. Now, with the latest development, cricket enthusiasts will be able to catch the intense cricketing action.
"Since cricket enjoys a cult following across the globe, we look forward to receiving a positive response from our customers," YuppTV Founder and CEO Uday Reddy said.
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