'Companies working with World Bank in Africa use tax havens'

'Companies working with World Bank in Africa use tax havens'

The vast majority of companies that received money from the World Bank's private lending arm last year to finance investment in Africa's poorest region use tax havens, a campaign group has said.

Masala bonds can be new funding source for Indian companies: IFC

Masala bonds can be new funding source for Indian companies: IFC

Bullish on India's growth prospects, International Finance Corporation (IFC) has said offshore rupee bonds can provide a new source of funding for Indian companies and they stand to benefit in the longer term from comparative pricing landscape.

PNB Housing raises Rs 500 cr for green residential projects

PNB Housing Finance has raised Rs 500 crore by issuing bonds to World Bank arm IFC for funding its green residential projects.

Yes Bank raises Rs 315 crore from Green Infra Bonds

This is the first investment of IFC in emerging markets green bond issue in the world, Yes Bank said in a statement.

China offers $50 bn for hydroelectric projects in Pakistan

China's state-run power company, Three Gorges Corporation (CTG), is keen to participate in a financing consortium to fund up to USD 50 billion of hydroelectric power projects in Pakistan, a media report said.

IFC invests $35 million in PFS' non-convertible debentures

IFC, a World Bank group member, Wednesday said it has invested USD 35 million in the 10-year non-convertible debentures of PTC India Financial Services(PFS).

Gujarat Pipavav to fund expansion via internal accruals

The company had accordingly informed IFC and has now received its confirmation for cancellation of loan.

World Bank arm to partner IREDA for energy projects

The International Finance Corporation (IFC), the private financing arm of the World Bank, has said it would partner the Indian Renewable Energy Development Agency (IREDA) to provide infrastructure financing for energy projects in India.

IFC launches $2.5 billion rupee-denominated bonds for infra projects in India

The World Bank`s private-sector financing arm on Wednesday launched USD 2.5 billion, rupee-denominated, bonds in the Indian market to fund infrastructure projects, after raising USD 1 billion in offshore bonds for the sector last year.

World Bank Group commits $18 bn loan to India in 3 years

The World Bank Group on Wednesday committed USD 15-18 billion loan to India over the next three years as it supports the country's potential 9 percent growth rate.

NCDs turns preferred route for IFC in debt financing for NBFCs

Non Convertible Debentures (NCDs) have recently become the preferred route of investment for multilateral agency International Finance Corporation (IFC) in debt for NBFCs.

Rio Tinto set to finalise $20 bn Guinea iron ore project

Global mining giant Rio Tinto says it is set to finalise a USD 20 billion deal to develop the world`s biggest untapped iron-ore deposit in Guinea

Ratnakar Bank raises $55 million from foreign investors

Ratnakar Bank raised Rs 3.28 billion from a group of investors including UK`s CDC Group Plc and Asia Capital and Advisors by selling an undisclosed minority stake, the regional lender said on Thursday.

IFC doubles global rupee bond plan on strong investor demand

International Finance Corporation (IFC) has doubled its already launched Rs 1,000-crore three- year global rupee bond programme to promote capital markets and encourage foreign investment in India.

Yes Bank raises $150 million loan from IFC

Private sector lender Yes Bank Monday said it has raised a seven-year loan of USD 150 million from World Bank group member IFC for onlending to small businesses.

Equifax partners with IFC for MFU credit score

Credit information company Equifax India Monday said it has partnered with International Finance Corporation (IFC), a World Bank group member, to offer micro-finance risk scores.

Delhi tops chart to start a biz in India: WB study

It is easiest to start a business in New Delhi within India, while Hyderabad is the fastest for closing an enterprise, says a World Bank study.

India slips to 134th rank on Doing Biz list

In the ranking of 189 economies, India's position has dropped to 134, below neighbouring China (96), Nepal (105), Pakistan (110) and and Bangladesh (130).

IFC launches $1 billion bond programme for India

The International Finance Corporation (IFC) - a member of the World Bank Group – Wednesday announced the launch of a USD 1 billion offshore rupee bond programme to strengthen India's capital markets and attract greater foreign investment.

India, US for close interaction between legal agencies

India and the US have agreed that their legal agencies associated with the enforcement of competition law would interact closely as envisaged under the framework of a MoU signed in September 2012.