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India set for $2-billion drone order in biggest buy, industry body saysIndia is poised to significantly boost its drone capabilities with a potential order exceeding $2 billion from domestic manufacturers this ...- Credit Saison India ties up $500 million external financingCredit Saison India has secured $500 million in its largest-ever external commercial borrowing, a multi-currency syndicated transaction inv...
- Karnataka plans to set up drone testing hub near BengaluruKarnataka is set to establish a dedicated drone flight testing facility near Bengaluru. The state aims to streamline regulations and attrac...
- West Asia crisis: Drone industry lauds govt's no-penalty relief for disrupted contractsThe Indian drone industry has received timely relief. The government has recognized the West Asia situation as a Force Majeure. This allows...
- AU SFB Q4 Results: PAT jumps 65% YoY to Rs 832 crore, NII rises 23%AU Small Finance Bank reported a robust 65% year-on-year surge in net profit for the March quarter, reaching Rs 832 crore. The lender also ...
- Microfinance stress under control, deposit rates likely to remain unchanged: V Vaidyanathan, IDFC First BankIDFC First Bank will not raise deposit rates soon after recent cuts. The bank is focusing on growth in mortgage, vehicle, and consumer loan...
- World Bank's IFC targets $10 billion in annual investments in India by 2030The International Finance Corporation plans to significantly increase its investments in India. By 2030, annual investments are set to reac...
- Army unveils technology roadmap for unmanned aerial systems, loitering munitionsThe nearly 50-page document, intended for industry and academia, details 30 types of UAS and loitering munitions across five categories, tr...
- Delhi govt plans drone clusters, smart governance, disaster response under new policyDelhi is planning a new drone policy. It will focus on drone research and testing facilities. Drones will be used for traffic management. S...
- Circulate Capital raises $220 million in first close of its Fund IICirculate Capital has successfully raised $220 million in the first close of its second fund, surpassing its initial target. This new fund ...
- NaBFID to commence operations from first quarter of FY23: KamathNaBFID was set up by the government last year as a development financial institution (DFI) to support the development of long-term infrastr...
- Govt appoints veteran banker K V Kamath as chairperson of Rs 20,000-cr NaBFIDK V Kamath began his career in 1971 with the erstwhile development finance institution (DFI) ICICI and he played a major role in ICICI Bank...
- Finance Ministry invites entries for new DFI's name, logo"@FinMinIndia in association with @mygovindia is announcing a contest to crowdsource the name, tagline and logo of the new Development Fina...
- SIDBI invites bids from consultants to help set up Rs 20,000 cr NaBFIDThe Infra DFI is being established through an Act of Parliament as a statutory body to address market failures that stem from the long-term...
- Government to introduce DFI Bill in Lok Sabha next weekThe union cabinet earlier this week had approved a budget proposal of setting up a Development Finance Institution (DFI), which will have t...
- Private sector DFIs may get 5-year tax holidayThe cabinet on Tuesday approved the National Bank for Financing Infrastructure and Development (NaBFID) — the state-run DFI proposed in the...
- Cabinet to decide on tax waiver, HQ for new DFIThe RBI is keen that the DFI is based in Mumbai as it believes that India Infrastructure Finance Company (IIFCL), which will be subsumed in...
- Govt to hold at least 26% in DFI, offer guaranteesThe government is likely to have full ownership of the DFI to start with but over time may offer up to 74% stake to domestic and foreign fi...
- IIFCL may be subsumed into new DFI: DFS SecretaryDepartment of Financial Services secretary Debashish Panda said the proposed DFI would come under the regulatory supervision of the Reserve...
- Government to set up Rs 20,000 crore DFI to promote infra financingUnveiling the Union Budget 2021-22, the Finance Minister said that a professionally-managed DFI to be set up to provide, enable and catalyz...
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