With India emerging as one of the most preferred investment destinations globally, World Bank's private equity arm, International Finance Corporation, aims to cross $500 million mark in new investments by June.
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
International Finance Corporation, the private equity arm of the World Bank, will invest $22.5 million (Rs 91.71 crore) in a subsidiary of Moser Baer, a manufacturer of optical storage discs.
He also said the city had a long way to go before it could reach the status of a global city, and said that greater autonomy and better governance of the city would ensure the global city status, says the finance minister.
NITIE, Mumbai, invites students and working professionals for Samiksha, a panel discussion event on Insurance Sector: Opportunities and Challenges.
International Finance Corporation, the private equity venture of the World Bank Group, DEG, one of the largest European development finance institutions, are eyeing a stake in State Industrial Corporation of Maharashtra.
State Bank of India plans to open its office in Dubai International Finance Centre in a few weeks, a move which will boost India's largest bank's presence in the Gulf region.
Finance firms in these SEZs likely to get tax breaks.
The measures to reduce the current account deficit should have focused far more on narrowing the trade imbalance, principally through export facilitation and linked FDI, says Nitin Desai.
In an email interview with Ranju Sarkar, International Finance Corporation's South Asia director Mengistu Alemayehu explains why the firm is bullish on building affordable homes in India.
The company is set to be India's first microlender to become a bank
Starting a business in India has become much easier in the last two years.
In 2010, TCS's brand value was $2.3 billion.
Software major Infosys Technologies on Thursday said it has reached an agreement with Citicorp International Finance Corporation to acquire the latter's stake in its BPO arm Progeon Ltd for $115.13 million (nearly Rs 518 crore) in cash.
International Finance Corporation, the private sector financing arm of the World Bank Group, is likely to invest $500 million in India this fiscal. \n
Observing that India was on the "threshold of biotech revolution", International Finance Corporation, the private sector arm of the World Bank, has said the country was the "centrepiece" of its global strategy.
Government has approved 25 foreign direct investment proposals, including those of Citicorp International Finance and Suzuki Motor Corporation that will bring in Rs 145.12 crore (Rs 1.45 billion) into the country.
Infrastructure equipment and finance company SREI International Finance, along with its associate company Indian Infrastructure Equipment, has struck a deal with Tata Motors for 10,000 vehicles.
Finance Minister Arun Jaitley on Monday said state governments should emulate the concept of 'Gujarat International Finance Tec-City'
Alert: The two-year full-time Master of Finance and Control Programme for 2005-2007, from the Department of Financial Studies, University of Delhi South Campus.
The microfinance vertical of the bank will provide loans of Rs 80,000 to Rs 1,00,000.
Doing business is not so easy in India as the country is way down at the 134th position in a list of 174 countries, ranked by International Finance Corporation on various parameters of business environment.
Sebi has approved the norms for financial institutions setting up shop at GIF City in Ahmedabad.
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Some experts believe that building new cities may not be the answer to India's swelling urban population.
Infosys Technologies Limited has acquired 87,50,000 equity shares, 23 per cent on a fully diluted basis, of its BPO subsidiary Progeon Limited from Citicorp International Finance Corporation for Rs 530 crore (Rs 5.3 billion).
Cairn Energy of UK has secured a $1 billion banking facility to fund its Rajasthan oil field development plan.
The private sector is at the foundation of India's strong performance, says IFC, the private sector arm of the World Bank.
Financially burdened Prasar Bharati on Thursday sought government facilitation to help it receive assistance from the World Bank in its modernisation efforts.
They now believe their money will be repaid after completion of the tenure of the instruments they have invested in, says Anup Roy.
It takes three months to open a business in Mumbai. Two of the months are spent in obtaining the Personal Account Number at UTI Investors Services Limited
The Washington-based Institute of International Finance on Thursday said that Indian government should reduce its role in banking system and further liberalise policies to attract more foreign direct investment.
India is the largest client for the World Bank Group.
The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China
Tata Iron and Steel Company on Friday said it has signed a loan agreement with International Finance Corporation for availing a $300 million loan to fund its future projects.
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