Tata Power Inks MoU with Asian Development Bank for $4.25 Billion
Tata Power announced on Friday, 22 November, that it had signed a $4.25 billion memorandum of understanding (MoU) with the Asian Development Bank (ADB) to...
Tag : Asian Development Bank (ADB)
Asian Development Bank kept 7% GDP Growth Forecast Unchanged for Indian Economy in FY25
The Asian Development Bank (ADB) has kept its GSD growth forecast for the Indian economy unchanged at 7% for the fiscal year 2025. For the...
Per Capita GDP for Bangladesh Higher Than India Till 2022: IMF
Bangladesh will continue to have a higher gross domestic product (GDP) per capita than India through 2022, according to the latest figures from the International...
IREDA to Open Office in GIFT City, Gujarat, to Fund Renewable Energy Projects
On Friday, the state-run Indian Renewable Energy Development Agency (IREDA) said it plans to open an office in Gujarat’s GIFT city to finance renewable energy...
ADB & GoI Sign $350 Million Loan, Expanding Metro Rail in Chennai
The Asian Development Bank (ADB), with the Government of India (GoI), signed a $350-million loan, building new lines and improving the connectivity of the metro...
Shriram Finance Secures $100 Million from ADB for Inclusive Financing
Shriram Finance (SFL), India’s most significant retail NBFC and part of the Shriram Group, has secured $100 million in long-term funding from the Asian Development...
ADB Cuts India Growth Forecast to 7.2% for FY23, Sees Higher Inflation
On Thursday, the Asian Development Bank (ADB) cut India’s growth forecast for FY23 to 7.2% from 7.5% earlier, citing higher-than-expected inflation since April and subsequent...
ADB and HSBC India Establish $100 Million Guarantee Plan for Microcredit
The Asian Development Bank (ADB) and HSBC India have signed an agreement to establish a $100 million partial guarantee program to support more than 0.4...
ADB Approves Rs 2,645 Crore Loan to Improve Urban Services in India
Asian Development Bank (ADB) has approved a Rs 2,644.85 crore loan for India to improve the urban services in India. The loan will fund the...
ADB Lowers India’s Economic Growth Forecast to 10%
The Asian Development Bank (ADB) has downgraded India’s economic growth forecast for the current financial year to 10 per cent from 11 per cent projected...