Global development institution International Finance Corporation (IFC), a member of the World Bank Group, has invested over Rs 650 crore in K Raheja Corp-backed Mindspace Business Parks REIT through an issue of sustainability-linked bonds. This is a maiden sustainability-linked fundraising by any listed Real Estate Investment Trusts (REITs) in India. This follows the REIT’s issuance … Read more
The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people. The $12 billion “envelop” is part of a wider World Bank Group package of up to $160 billion to help developing countries fight … Read more
The Standing Committee on Finance has recommended to the centre to abolish the tax on Long Term Capital Gains for all investments in startups which are made through collective investment vehicles such as angel funds, alternate investment funds (AIF), and investment LLPs. The committee in its report “Financing The Startup Ecosystem” said the tax should … Read more