BANKING & FINANCE
UGRO Capital Raises ₹380 Cr From Dutch Bank FMO Through NCD Issue
UGRO Capital Ltd, an MSME-focused DataTech lending platform, has raised ₹380 crore through the issuance of 38,000 senior, secured, rated, listed, redeemable and transferable non-convertible debentures (NCDs) to FMO, the Dutch entrepreneurial development bank. This is FMO’s third investment in UGRO Capital in less than three years. It follows NCD investments of ₹250 crore in […]
CW Bureau
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Sep 16, 2026
ECONOMY
ADB Grants $42.2-Mn Loan To Boost Bamboo Industry In Northeast India
The Asian Development Bank (ADB) has approved a $42.2 million Small Expenditure Financing Facility (SEFF) to strengthen the bamboo industry across India’s northeastern states, with the aim of boosting agricultural productivity, improving rural livelihoods, and reducing dependence on bamboo imports. The financing will support community-based projects across Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura, promoting […]
CW Bureau
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Jun 26, 2026
ECONOMY
ADB Backs Schoolnet With $10 Mn To Scale Digital Learning In Govt Schools
The Asian Development Bank (ADB) has signed a $10 million financing package with Schoolnet India Ltd (SIL) to enhance learning outcomes for 4.5 million students by expanding digital learning infrastructure across 30,000 government schools in India. The transaction marks ADB’s first private sector financing for a digital education project in India and is aimed at […]
CW Bureau
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Jun 18, 2026
