RBI permits settlement of trade transactions with Maldives in local currenciesReserve Bank of India announced that bilateral trade transactions with Maldives can now be settled in Indian Rupees (INR) and Maldivian Ruf...
17 Mar, 2025, 07.50 PM IST
RBI, Maldives Monetary Authority sign pact to promote use of local currenciesThe Reserve Bank of India and the Maldives Monetary Authority have signed an agreement to allow cross-border transactions using the Indian ...
22 Nov, 2024, 01.39 AM IST
Maldives estimates securing MVR 1.6 bn foreign aid from India in 2025Maldives expects MVR 1.6 billion in grant aid from India in 2025, making up 72 per cent of its foreign aid. The total international grant a...
01 Nov, 2024, 03.41 PM IST
Dollar-starved Maldives notifies new foreign currency rulesMaldives has introduced new rules requiring all foreign currency earnings from the tourism sector to be deposited in local banks. The regul...
20 Oct, 2024, 01.34 PM IST
Officials of India, Maldives hold review meeting, take stock of Indian grant-funded community development projectsIndian High Commissioner to the Maldives Munu Mahawar and Maldivian Ambassador Ahmed Naseer co-chaired a meeting to review Indian-funded co...
27 May, 2024, 07.44 AM IST
Maldives to launch India's RuPay service amid bilateral tensionsDespite recent turbulence in bilateral relations, the Maldives is set to launch India's RuPay service, a move expected to strengthen the Ma...
23 May, 2024, 08.12 PM IST
Chinese Embassy in Male calls Maldives' non-participation in Indian ocean forum meet "regrettable"Chinese Embassy in Male has now responded to Maldives' denial to participate in the "China-Indian Ocean Forum on Development Cooperation" w...
30 Nov, 2022, 10.34 AM IST
South Indian Ocean outreach: India to fund seven new projects in MaldivesThe seven new projects, with a total estimated cost of INR 132 million (MVR 27 million), are spread across seven Atolls of the Maldives – H...
19 Apr, 2022, 09.10 AM IST
India signs contract to develop water projects across MaldivesThe contracts were signed between the Ministry of National Planning, Housing and Infrastructure and JMC Projects (India) Ltd., SMC Infrastr...
17 Mar, 2021, 08.03 PM IST
- IRB Infrastructure: Completion of roads to help secure funds
IRB Infrastructure Developers appears to be better placed to secure a few projects in the coming quarters.
20 Feb, 2013, 06.33 AM IST
- IRB acquires 74 pc in MVR Infra
IRB Infrastructure Developers (IRB) today said it has completed the acquisition of 74 per cent holding in MVR Infrastructure & Tollways Pri...
10 Oct, 2012, 08.07 PM IST
- BNP Paribas cuts IRB Infra price target by 15%
BNP Paribas has lowered its price target for IRB Infrastructure to Rs182 from Rs214 while maintaining its buy rating.
15 Jun, 2012, 05.48 PM IST
- BNP cuts IRB price target by 15% to Rs 182
BNP Paribas has lowered its price target for IRB Infrastructure to Rs 182 from Rs 214 while maintaining its buy rating.
15 Jun, 2012, 02.56 PM IST
- IRB Infra acquires MVR Tollways for Rs 130 crore
IRB Infrastructure said it acquired 100 percent stake in road BOT firm MVR Infrastructure and Tollways in Tamil Nadu for about Rs 130 crore.
09 May, 2012, 10.16 PM IST
- IRB Infra Q4 net profit rises 7%, sales up 30%
IRB Infrastructure Developers' net profit rose 7% year-on-year in the fourth quarter of 2011-12.
09 May, 2012, 09.56 PM IST
World Bank funds for NH diverted to realty projects?The Centre said a CBI probe could be ordered into allegations of fraud by Progressive Construction Ltd (PCL) in a World Bank-funded road pr...
04 May, 2012, 09.25 AM IST
- Micromax enters Maldives' telecom market
Domestic handset maker Micromax today announced its foray into Maldivian telecom market as part of its global expansion activities.
04 Aug, 2011, 08.23 PM IST