In a first in India, Deutsche Bank has used the Reserve Bank of India's (RBI) window to swap fresh foreign currency non-resident bank (FCNR) (B) dollar funds. The bank raised about $450 million FCNR (B) deposits from about 10 non-resident Indians and swapped it with the central bank.
Tag: India
Post
Post
Govt earmarks Rs 74,000 cr for ports development
In this current 12th Five Year Plan (2012-2017), the Union Shipping Ministry has decided to earmark Rs 73,793.95 crore for port sector to develop various projects. India has a total of 187 minor ports and 13 major ports spread across its nine maritime states.
Post
Need of the Hour – Frost & Sullivan to focus on Blue Sky Innovation at its GIL 2013: India
As senior executives and influential thought leaders gear up to address, the challenges that lie ahead of them, they once again realize that innovation is the key to driving long-term revenue growth and developing a competitive edge.
Post
GMR divests majority stake in GUEL to India Infrastructure Fund of IDFC
In line with GMR Group's Asset Right and Asset Light Strategy, GMR Highways Ltd has signed a definitive agreement with India Infrastructure Fund (IIF) to divest 74% stake in GMR Ulundurpet Expressways Private Limited ('GUEL').
Post
Banks borrow Rs 247.5 bn from RBI via MSF on Sept 14
From the Reserve Bank of India's (RBI) marginal standing facility (MSF) window, banks in India borrowed Rs 247.50 billion on September 14, when the central bank offered the special funding window due to the cash crunch generated by advance tax outflows.
Post
India imports Afghan dry fruits via Iran port
Through the Chabahar port in Iran, India has directly received its first batch of commodities-20 containers of Afghan dry fruits-from Afghanistan. The consignment arrived in Mumbai on ships over the last weekend. This was a success of cooperation between India, Iran and Afghanistan. The sea route is an alternative to the Karachi port in Pakistan.
Post
Project bonanza in offing with rail land leases
Rail Land Development Authority (RLDA) has prepared an action plan for fast tracking the development of 75 multi-functional complex (MFC) sites in current year for which bidding process is being initiated in phases.
Post
Exim Bank to set up project development company in Africa
Leading export lending firm Exim Bank chalks out plan to set up a project development company in Africa with multiple partners including State Bank of India.
Post
Bombardier wins major new order from Delhi Metro Rail Corporation
Rail technology leader Bombardier Transportation has won a major new order from Delhi Metro Rail Corporation (DMRC) to provide the first driverless unattended mass transit solution in India.
Post
Adani port sets a new record in coal handling in India
Goutam Adani promoted Mundra port has created a national record on coal cargo handling to 151,229 metric tonnes of steam coal in 24 hours from MV Cape Fushen, Large Cape Vessel, carrying steam coal of Indonesian steam coal of Adani Power Limited (APL).