Colombo [Sri Lanka], April 19 (ANI): Sri Lanka's current economic crisis does not seem to slow down due to its major dependence on Chinese loans as well as its inability to repay debt amid a state of emergency and intense protests in the island nation.
Pune (Maharashtra) [India] April 19 (ANI/BusinessWire India): Poonawalla Fincorp Limited (Formerly Magma Fincorp Limited), has entered digital consumption loans space through a tie-up with KrazyBee. Under this partnership, Poonawalla Fincorp will offer small ticket personal loans to individu
Mumbai (Maharashtra) [India], April 18 (ANI): India's largest lender State Bank of India (SBI) on Monday said it has raised 3-year funds of $500 million through a syndicated loan facility at "very fine pricing". The lender has raised the money acting through its IFSC Gift City branch.
Colombo [Sri Lanka], April 18 (ANI): Asanga Abeyagoonasekera, a geo-political analyst from Sri Lanka, said that China's loan model to Sri Lanka is ambiguous while no one knows the interest rate charged by Beijing for the money lent to the island nation.
Kyiv [Ukraine], April 17 (ANI/Sputnik): Ukraine is asking the Group of Seven (G7) and the International Monetary Fund (IMF) for USD 50 billion in financial assistance, Oleg Ustenko, the Ukrainian president's economic adviser, said on Sunday.
Colombo [Sri Lanka], April 17 (ANI): While India plays a prominent role in helping its neighbour Sri Lanka come out of a deep economic crisis, it was learnt from reliable sources that Colombo has asked New Delhi to provide bridging finance for the crisis-ridden country till the Internatio
Islamabad [Pakistan], April 17 (ANI): Pakistan Prime Minister Shehbaz Sharif on Saturday blamed the Pakistan Tehreek-i-Insaf (PTI) government for the ongoing energy crisis in the country and said that the load shedding across the country is due to the "mismanagement and incompetence of the p
Chandigarh (Punjab) [India], April 16 (ANI): Punjab Government on Saturday waived off dues of old electricity bills up to December 31, 2021, of households having a load of up to two kilowatts of electricity.
Beijing [China], April 15 (ANI): China is displaying reluctance in assisting with loan bailouts to Sri Lanka and Pakistan, which are facing severe economic and foreign debt crises even as the Asian giant was earlier keen on providing loans for various infrastructure projects in these countri
Karachi [Pakistan], April 15 (ANI): Pakistanis are facing great difficulties as the government despite making tall claims of resolving the persistent issue of load shedding in Karachi even during the Taraweeh prayer timings and because of this people are forced to perform prayers in sheer
New Delhi [India], April 14 (ANI): The smartwatch category is a tech segment that has been gaining in popularity especially among the youth because a good smartwatch can do a lot more than just letting one get notified about texts or calls.
Warsaw [Poland], April 14 (ANI): China needs to improve its lending practices in the developing world, especially in terms of transparency in the loans it provides, according to the World Bank President.