International Finance Corporation

iBUS Network and Infrastructure receives Rs 280 crore investment from IFC

This investment will bolster iBUS's plans for both domestic and international growth

Tata Realty gets Rs 825 cr from IFC for advancement in Chennai green asset

This financing initiative is part of Tata Realty's broader commitment to advance its sustainability efforts and elevate the standard of green commercial spaces across India

IFC appoints Vikram Kumar as regional director for Asia and Pacific

Global investment and financing solution provider IFC on Monday said it has appointed Indian national Vikram Kumar as its Regional Industry Director for Infrastructure and Natural Resources in Asia and the Pacific. Kumar will be based in Singapore, where he begins his new role on July 1, IFC (International Finance Corp) said in a statement. Having more than 20 years of global investment and development expertise, Kumar will drive IFC's strategy to connect more people and businesses in the region to sustainable infrastructure. In his role, Kumar will lead IFC's Infrastructure and Natural Resources investment team across Asia and the Pacific to develop and implement power, water, telecom, transport, and other infrastructure projects with public and private sector partners, expanding the reach of essential services, said IFC -- a member of the World Bank Group. "His (Kumar's) experience leading transformative projects with our partners globally and in this region will enable him to gr

IFC extends $500 million credit line to HDFC Bank for micro loans

Presently, non-banking financial companies (NBFCs), including microfinance institutions (MFIs) and small finance banks, are the major lenders to women seeking loans for income generation purposes

Key debt ratio resumes rise as global debt burden hits record $315 trn: IIF

Debt in emerging markets grew to a record of more than $105 trillion - having more than doubled over the past decade according to IIF data

CCI clears International Finance Corp's acquisition of debentures in Napino

Fair trade regulator CCI on Tuesday said it has approved the proposed subscription to compulsory convertible debentures of Napino Auto and Electronics Ltd by International Finance Corporation. International Finance Corporation (IFC) is a member of the World Bank Group. It helps developing countries achieve sustainable growth by financing private sector investment and providing advisory services to businesses and governments. The Competition Commission of India (CCI) has approved subscription to compulsory convertible debentures (CCDs) of Napino Auto and Electronics Limited (Napino) by International Finance Corporation, CCI said in a release. Napino is engaged in the business of automotive electronics and components in India. It manufactures electrical and electronic products primarily for two-wheelers and a small segment of three-wheeler and four-wheeler vehicles. Further, through its affiliates, Napino also provides certain Electronic manufacturing services (EMS)/ Original Design

Grasim Industries secures Rs 1,250 cr from International Finance Corp

The investment by IFC, World Bank's private sector arm, will be in the form of a subscription to non-convertible debentures (NCD) issued by Grasim

Agilus Diagnostics to withdraw DRHP filed with market regulator Sebi

The company added that making the necessary application to Sebi for withdrawal of the said DRHP immediately and may re-file with Sebi again for a proposed IPO in future

Basel-III rules to give Nabard room to double balance sheet from April 2024

Shaji K V, chairman of Nabard, said at present the institution is adequately capitalised and under the Basel framework the capital adequacy ratio will be upward of 20 per cent

IFC gets approval from RBI to raise stake in Federal Bank to 9.7%

IFC currently holds a 1.34 per cent stake in the bank

Federal Bank board to consider fundraising via issue of preference shares

Lenders plans issuing 72.6 mn such shares to International Finance Corporation

International Finance Corp to buy 5.6% stake in JK Tyre for $30 million

JK Tyre & Industries Ltd on Wednesday said World Bank Group member IFC will invest USD 30 million (about Rs 240 crore) to pick a 5.6 per cent stake in the company to part-fund expansion of energy-efficient tyre manufacturing. The investment by IFC in JK Tyre & Industries will part-finance the expansion of manufacturing capacities and integrate advanced, resource-efficient technologies in the production of commercial and passenger car radial tyres, which have better safety and longevity, the company said in a regulatory filing. Subsequently, International Finance Corporation (IFC) will hold a 5.6 per cent stake in the tyre major through the issue of compulsorily convertible debentures (CCDs) on a preferential basis, it added. "The investment aims to bolster the company's capital structure and increase production of energy-efficient radial tyres by more than 10 per cent -- from 32 million to over 35 million tyres a year by 2025," JK Tyre & Industries said. This aligns with ..

KKR, Hero Group put $450 mn equity investment in Hero Future Energies

Hero Future Energies aims expansion in green hydrogen and battery storage

IFC MD Diop meets FM Sitharaman, discusses lending opportunities in India

Finance Minister Nirmala Sitharaman on Monday met International Finance Corporation (IFC) Managing Director Makhtar Diop and discussed increasing lending opportunities in India. IFC is the private sector funding arm of the World Bank. She reiterated India's expectation of a rise in IFC's lending to India to USD 2-2.5 billion in the next 1-2 years and USD 3-3.5 billion in next 3-4 years, the finance ministry said in a series of tweets. "Mr @Diop_IFC shared the sentiment of IFC's expansion into India & stated that IFC would adopt a proactive approach to enhance #investment in India and extend financing to MSMEs to enable capacity building to supplement India's effort to become a manufacturing hub," another tweet said. He further emphasised the potential of looking into sub-national financing for sustainable growth, and mobilise financing for women entrepreneurs.

Decoding Azure Power: India's first NYSE-listed renewables company

Stock tanks after new CEO's sudden resignation, whistle-blower complaint

IFC will continue to raise annual India investments: South Asia Director

In a Q&A, Hector Gomez Ang asserts that the institution's India portfolio has delivered strong development and financial returns despite Covid-19

International Finance Corp to invest $15 mn in South Asia Growth Fund II

International Finance Corporation (IFC) plans to invest up to $15 million in South Asia Growth Fund II, L.P (SAGF II) focussed on investing in companies focussed on clean energy.

Hero Future Energies to hit int'l bond market, use funds for India projects

Renewables company will use its Mauritius SPV, subscribe to Indian rupee-denominated external commercial borrowing

Interested in asset monetisation, next-gen road projects: IFC A-Pac head

"There are a very few countries in the world today like India which has decades of experience, through the PPP space, and having systematised, standardised contracts in the road, energy sector"

IFC, TCCL and EverSource to back WABAG's hybrid annuity model project

WABAG will execute Engineering, Procurement and Construction (EPC) portion of this project over 24 months followed by O&M of 15 years