IFC – News Portal

IFC to invest ₹600 crore in M&M’s new last mile mobility company

March 22, 2023March 22, 2023cpooldigitalLeave a Comment

[ad_1] I The International Finance Corporation (IFC) has announced to invest ₹600 crore in a new last mile mobility (LMM) company ¬ a wholly owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo). A gamechanger for microentrepreneurs in India, the funding is aimed at transforming the lives of micro entrepreneurs, operating electric […]

Finance Minister urges World Bank arm IFC to scale up lending to India

September 19, 2022September 19, 2022cpooldigitalLeave a Comment

[ad_1] Finance Minister Nirmala Sitharaman has told the World Bank’s private sector investment arm, the International Finance Corporation (IFC), to increase its lending to India to more than $2 billion in the next two years and to $3-3.5 billion over the next three-four years. IFC managing director Makhtar Diop, who met the Minister in the […]