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Welspun Corp Limited completed acquisition of 51% stake in Welspun Captive Power Generation Limited

India, July 31 -- Welspun Corp Limited announced the completion of its acquisition of an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL) from Welspun Living Limited, co... Read More


Cabinet approves 'Pradhan Mantri Surya Sarovar Yojana (PM-SSY)' for Development of Floating Solar Photovoltaic Projects with Energy Storage Systems with a total outlay of Rs.5,070 crore

India, July 31 -- The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the 'Pradhan Mantri Surya Sarovar Yojana (PM-SSY)', a Scheme for the development of Floating Solar P... Read More


India Ratings Downgrades Brij Gopal Construction Company's Bank Loan Facilities to 'IND BBB+'/Negative and Migrates to Non-Cooperating Category

India, July 31 -- India Ratings and Research (Ind-Ra) has downgraded Brij Gopal Construction Company Private Limited's (BGCCPL) bank loan ratings to 'IND BBB+' from 'IND A', with a Negative Outlook wh... Read More


ADB, Global Insurers to Unlock $2.5 Billion for Small Businesses and Affordable Housing

Japan, July 31 -- The Asian Development Bank (ADB) will work with some of the world's largest insurance companies to jumpstart financing for small businesses, affordable housing, and other underserved... Read More


Government and African Development Bank strengthen the capacity of public sector stakeholders to improve project performance

Gabon, July 31 -- The African Development Bank Group's Gabon Country Office, its Capacity Development, Fiduciary Services, Financial Control, and Quality Assurance, Results and Monitoring Departments,... Read More


Ghana advances Mission 300 reforms as US$4.4 billion energy investment pipeline gains momentum

Ghana, July 31 -- Ghana is on track to complete 13 of 16 priority reforms under its National Energy Compact, building momentum to mobilise a US$4.4 billion energy investment pipeline and expand electr... Read More


African Development Bank and Standard Bank Group Seal $332 million (ZAR 5.4 billion) Deal to Boost SME Financing in South Africa

South Africa, July 31 -- The African Development Bank has invested $332 million (ZAR 5.4 billion) in a capital markets security issued by Standard Bank Group Limited, Africa's largest bank by total as... Read More


Aiforia lands EU financing to develop AI-powered cancer detection

Luxembourg, July 31 -- The European Investment Bank (EIB) has signed a €20 million venture debt financing agreement with Finnish life-science technology innovator Aiforia. The funding will suppo... Read More


EBRD backs new production capacities of critical electricity infrastructure equipment in Croatia

Croatia, July 31 -- The European Bank for Reconstruction and Development (EBRD) is providing a senior loan of up to €120 million to KON?AR Group, Croatia's leading industrial and engineering ent... Read More


EBRD €30 million facility to support Serbian businesses under Trade Facilitation Programme

Serbia, July 31 -- The European Bank for Reconstruction and Development (EBRD) has extended a €30 million revolving factoring credit facility to AikBank under its Trade Facilitation Programme (T... Read More