Asian Infrastructure Investment Bank has approved USD 160 million loan for a power project in the southern state of Andhra Pradesh. This is the first credit from the China-sponsored bank for an Indian project. The project is co-financed by the World Bank. “AIIB supports its members in their transition towards […]

MEP Sanjose Talaja Mahuva Road (MEPTM), a subsidiary of MEP Infrastructure Developers, has entered into a concession agreement with National Highways Authority of India (NHAI) for four laning of Talaja Mahuva section of NH8E. The company will receive bi-annual annuity from NHAI post Comm Operation Date (COD). The Bid Project […]

The Foreign Investment Promotion Board (FIPB) has cleared Baxter Healthcare’s deal to acquire India-based Claris Injectibles. Quoting a senior official, a report in said the board approved four foreign direct investment (FDI) proposals including Baxter Healthcare’s deal worth Rs 4,020 crore. The remaining three applications from Panacea Publishing and […]

In February, the Reserve Bank of India has approved external commercial borrowings (ECBs) worth $87,341,866 of 14 entities, with maturity period ranging from 3.9 years to 10 years. While Renualt India Pvt Ltd’s new project was approved ECB worth $22,362,860 with five years maturity period, Cadila Healthcare Limited was given […]

Japan International Cooperation Agency (JICA) has offered Official Development Assistance (ODA) loan of around Rs 2,000 crore for the fifth phase of Chennai Metro Rail Project. According to a press release, the loan’s conditions were very concessional with an interest rate of 1.4 per cent and 0.01 per cent and […]

Auto components manufacturer Minda Industries today has announced raising Rs 300 crore through Qualified Institutional Placement (QIP). In a filing to the Bombay Stock Exchange, it said the initial issues size was proposed for Rs 275 crore but given the over subscription of 2x, the company exercised its green shoe […]


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