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India's May oil imports see record high from Russia in 10 months
Centre Approves 1,700 CISF Personnel for Noida International Airport
The Central Government has sanctioned the deployment of 1,700 Central Industrial Security Force (CISF) personnel for security arrangements at the upcoming Noida International Airport. This decision marks a crucial step towards enhancing security measures and ensuring safe operations at the new airport facility in Jewar, Uttar Pradesh. The deployment of CISF personnel is integral to safeguarding passengers, airport infrastructure, and critical assets at Noida International Airport. The sanctioned contingent will be responsible for maintaining security protocols, conducting surveillance, and man..
Northern Arc Capital Secures $75 Million Debt from Dutch Lender FMO
Northern Arc Capital, a leading Indian financial services firm, has successfully raised $75 million in debt funding from the Dutch development bank FMO. This strategic infusion of capital aims to bolster Northern Arc's mission of enhancing financial inclusion and providing access to credit for underserved segments across India. The $75 million debt will enable Northern Arc to expand its lending portfolio, offering critical financial services to micro, small, and medium enterprises (MSMEs) as well as individual borrowers who lack access to traditional banking channels. This funding aligns with ..
UltraTech Cement Revises Bid to Acquire 25% Stake in UAE-Based RAKWCT
UltraTech Cement, India's leading cement producer, has revised its offer to acquire a 25% stake in the UAE-based RAK White Cement Company (RAKWCT). This strategic move is part of UltraTech's broader efforts to expand its footprint in international markets and diversify its product portfolio. The revised offer comes after comprehensive evaluations and negotiations aimed at securing a favorable deal that aligns with UltraTech's growth objectives. Acquiring a significant stake in RAKWCT, known for its high-quality white cement, will enable UltraTech to enhance its market position and leverage new..
