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ADB approves USD 500 million loan to support Indonesia's development and r
Updated : 2 years, 6 months ago IST
According to a news release by ADB, this funding will play a pivotal role in creating an environment conducive to investments, simplifying trade barriers, and elevating enterprises.
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Saudi Arabia’s economy joins trillion-dollar club: Report
Updated : 2 years, 6 months ago IST
Saudi Arabia’s gross domestic product (GDP) has exceeded the ceiling of SAR 4.155 trillion (USD 1 trillion) for the first time, with the Kingdom joining the trillion-dollar club and achieving the national goal well ahead of the target date of 2025, according to a new report issued by the Fed
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Partnering with Global South, India has played substantial role in peacebu
Updated : 2 years, 6 months ago IST
“In the realm of peacebuilding, India has consistently played a constructive and substantial role through our extensive development partnerships with countries in the Global South. The cumulative value of India's developmental projects with the Global South now exceeds USD 40 billion, encomp
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India provided USD 30 million to UNRWA in 5 yrs for welfare of Palestinian
Updated : 2 years, 6 months ago IST
Dammu Ravi, the Ministry of External Affairs Secretary (ER) represented India at the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) Ministerial Meeting.
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Funds Advised by Convergent Finance LLP Participate in the Preferential Al
Updated : 2 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 23: Funds advised by Convergent Finance LLP (‘Convergent’) have participated in Hindustan Foods Limited’s (‘HFL’) preferential allotment with an investment of INR 1,600 million (USD 19 million). The investment, after the preferential allotment is appro
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Prize money for ICC Men's Cricket World Cup 2023 revealed
Updated : 2 years, 6 months ago IST
The runners-up of the Final to be played on November 19 at the Narendra Modi Stadium in Ahmedabad will take home USD 2 million.
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SC asks SpiceJet to pay USD 1 million monthly for 6 months towards repayme
Updated : 2 years, 6 months ago IST
The Supreme Court on Friday asked private airliner SpiceJet Limited to pay USD 1 million per month for six months to Credit Suisse AG towards repayment of dues.
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Proparco Signs Agreement to Provide USD 20-Million Financing to SATYA Micr
Updated : 2 years, 6 months ago IST
New Delhi [India], September 22: The French Development Agency’s private sector financing arm, Proparco, today signed an agreement of 20 million USD to support SATYA MicroCapital’s commitment to empowering women entrepreneurs in rural India through greater access to financing. The signing ce
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Asian Development Bank allocates USD400 million for Afghans
Updated : 2 years, 6 months ago IST
The Asian Development Bank (ADB) announced on Wednesday the allocation of USD400 million to protect the livelihoods and well-being of Afghans who are at risk, with a particular focus on women and girls, Khaama Press reported citing the ADB's statement.
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India-focused private equity and VC funds raised USD 8.5bn in 2022, the hi
Updated : 2 years, 6 months ago IST
Singapore, September 21: Preqin, the global leader in alternative assets data, tools, and insights, published its Private Equity and Venture Capital in India 2023: Preqin Territory Guide report. In collaboration with an esteemed partner, the Indian Venture and Alternate Capital Association (
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Yahsat increases interim cash dividends to AED 201 million for H1-23
Updated : 2 years, 6 months ago IST
Al Yah Satellite Communications Company PJSC, listed on the Abu Dhabi Securities Exchange on Wednesday said that it will pay an interim cash dividend of 8.23 fils [USD 2.24 cents] per share, equivalent to AED 201 million [USD 54.7 million] in total for the first half of 2023.
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Atlys Raises USD 12 Million in Series A
Updated : 2 years, 6 months ago IST
New Delhi [India], September 21: Atlys has raised USD 12 million in a Series A round led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital. The round also saw participation from existing investors Andreessen Horowitz (a16z), Musical Duo Chainsmokers, South Park Commo
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