World Bank Group
The World Bank’s arm International Finance Corporation (IFC) will invest $ 21 million in India’s SAMHI Hotels by way of convertible debentures with the focus to create jobs, promote energy efficiency infrastructure. IFC, a member of the World Bank Group, is investing $ 21 million in SAMHI Hotels through compulsorily convertible debentures. The investment will [...] Continue Reading »
An objection is filed against Lafarge Suma Cement’s ,land acquisition and limestone quarrying operation close to villages of Shella and Tynger in Meghalaya is been assessed by the compliance advisor/ombudsman (CAO). According to an independent recourse mechanism for projects supported by the World Bank Group i.e. CAO, last year in January, a complaint was filed [...] Continue Reading »
According to sources, International Finance Corporation (IFC), the private sector investment arm of the World Bank Group which invests through various forms such as equity, quasi-equity and debt, is looking to invest up to $50 million in Tata Housing Development Company’s affordable housing arm Smart Value Homes Ltd. Smart Value Homes is going to use [...] Continue Reading »
