World Bank
Manufacturing
IFC-backed Polycab buys out Ryker stake from Singapore JV partner Trifigura
Cable and wire manufacturer Polycab India Ltd, which owned 50% stake in Ryker Base Pvt. Ltd, will acquire the remaining ......
Economy
Barclays slashes India's GDP forecast as govt extends lockdown
UK’s Barclays bank has cut India’s GDP forecast to 0.8%, from an earlier estimate of 3.5% for the financial year ......
Economy
Coronavirus lockdown to shrink global economy by 3% in 2020, warns IMF
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will ......
General
PM Modi extends lockdown to May 3 as coronavirus cases cross 10,000
India on Tuesday extended until May 3 a nationwide lockdown for its 1.3 billion people as the number of coronavirus ......
Finance
India's GDP growth may slump to 1.5% in FY21, warns World Bank
India and other South Asian countries are likely to record their worst growth performance in four decades this year due ......
Finance
How was IFC's partial exit from AU Small Finance Bank?
International Finance Corporation (IFC), the private-sector investment arm of the World Bank, has made a partial sale of its stake ......
Finance
World Bank cuts global growth forecast, expects India prospects to improve
The World Bank on Wednesday trimmed its global growth forecasts slightly for 2019 and 2020 due to a slower-than-expected recovery ......
General
Grapevine: Varde proposes Altico infusion; Cube Highways wins road auctions
Stressed home financier Altico Capital received a proposal for infusion of Rs 1,000 crore ($139.3 million at current exchange rate) ......
General
India jumps 14 places on World Bank's ease of doing business list
Faster bankruptcy resolution and issuance of construction permits helped India jump 14 places in the World Bank’s annual ranking of ......
Finance
How IFC bumped up India exposure as shadow banking crisis worsened
International Finance Corporation (IFC) increased its annual commitment to India almost four times for the year through June 2019, as ......
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