Opinion | Building a green finance market for India

Record-setting heat is creating problems all over Europe. Deadly forest fires have swept across Greece, Germany, Holland, Latvia, Norway, Poland and Sweden. Many countries are still on heat alerts. Outdoor barbecues have been banned. In Finland, fields that had been lush green this time of year for the...
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Ping An Insurance Group considers buying Prudential’s Asian business

Hong Kong/London/Beijing: Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever Chinese acquisition. Ping An has sounded out the Chinese government about whether it would be supportive...
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Chicago May Finance Pensions

The pension situation has gotten so dire in Chicago that the city is considering stabilizing its retirement systems by financing bonds. Chicago has – tell us if you’ve heard this one before – taken hits to its credit rating, resulting in higher borrowing costs, because of its unfunded pension...
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HT Media gains 7% on demerger of FM Radio business

Shares of HT Media gained 7 percent inraday Thursday as comapny board approved demerger of its FM Radio business. The board of directors of the company in its meeting held on August 8 have considered and approved the draft of the composite scheme of arrangement and amalgamation amongst HT Media,...
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IFC invests $25 million in Mahindra Rural Housing Finance

Mumbai: International Finance Corp. (IFC), a member of the World Bank Group, on Monday announced that it will be investing $25 million in Mahindra Rural Housing Finance Ltd (MRHFL). The Mahindra and Mahindra Financial Services Ltd subsidiary plans to utilise the funds to offer small-ticket housing loans in rural...
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